MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) Fundamental Analysis & Valuation

NASDAQ:MBINL • US58844R8503

24.8 USD
+0.03 (+0.12%)
Last: Mar 6, 2026, 04:30 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MBINL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, MBINL scores 3 out of 10 in our fundamental rating. MBINL was compared to 97 industry peers in the Financial Services industry. Both the profitability and financial health of MBINL have multiple concerns. MBINL has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

1. MBINL Profitability Analysis

1.1 Basic Checks

  • In the past year MBINL was profitable.
  • MBINL had a positive operating cash flow in the past year.
  • MBINL had positive earnings in each of the past 5 years.
  • MBINL had negative operating cash flow in 4 of the past 5 years.
MBINL Yearly Net Income VS EBIT VS OCF VS FCFMBINL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B

1.2 Ratios

  • MBINL has a Return On Assets of 1.03%. This is comparable to the rest of the industry: MBINL outperforms 46.39% of its industry peers.
  • MBINL's Return On Equity of 8.98% is in line compared to the rest of the industry. MBINL outperforms 52.58% of its industry peers.
Industry RankSector Rank
ROA 1.03%
ROE 8.98%
ROIC N/A
ROA(3y)1.28%
ROA(5y)1.44%
ROE(3y)11.54%
ROE(5y)13.15%
ROIC(3y)N/A
ROIC(5y)N/A
MBINL Yearly ROA, ROE, ROICMBINL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • MBINL's Profit Margin of 28.95% is amongst the best of the industry. MBINL outperforms 84.54% of its industry peers.
  • MBINL's Profit Margin has declined in the last couple of years.
  • MBINL does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 28.95%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.4%
PM growth 5Y-11.62%
GM growth 3YN/A
GM growth 5YN/A
MBINL Yearly Profit, Operating, Gross MarginsMBINL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. MBINL Health Analysis

2.1 Basic Checks

  • MBINL does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for MBINL has been increased compared to 1 year ago.
  • The number of shares outstanding for MBINL has been increased compared to 5 years ago.
  • Compared to 1 year ago, MBINL has a worse debt to assets ratio.
MBINL Yearly Shares OutstandingMBINL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
MBINL Yearly Total Debt VS Total AssetsMBINL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • The Debt to FCF ratio of MBINL is 6.58, which is on the high side as it means it would take MBINL, 6.58 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.58, MBINL is in line with its industry, outperforming 56.70% of the companies in the same industry.
  • MBINL has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
  • MBINL has a Debt to Equity ratio of 0.07. This is in the better half of the industry: MBINL outperforms 79.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 6.58
Altman-Z N/A
ROIC/WACCN/A
WACC20.81%
MBINL Yearly LT Debt VS Equity VS FCFMBINL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MBINL Yearly Current Assets VS Current LiabilitesMBINL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2023 2024 20M 40M 60M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MBINL Growth Analysis

3.1 Past

  • The earnings per share for MBINL have decreased strongly by -38.35% in the last year.
  • The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
  • Looking at the last year, MBINL shows a small growth in Revenue. The Revenue has grown by 1.60% in the last year.
  • The Revenue has been growing by 14.15% on average over the past years. This is quite good.
EPS 1Y (TTM)-38.35%
EPS 3Y-4.53%
EPS 5Y0.19%
EPS Q2Q%-30.81%
Revenue 1Y (TTM)1.6%
Revenue growth 3Y15.31%
Revenue growth 5Y14.15%
Sales Q2Q%-4.38%

3.2 Future

  • MBINL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.28% yearly.
  • Based on estimates for the next years, MBINL will show a small growth in Revenue. The Revenue will grow by 6.45% on average per year.
EPS Next Y34.94%
EPS Next 2Y22.84%
EPS Next 3Y18.28%
EPS Next 5YN/A
Revenue Next Year9.24%
Revenue Next 2Y6.45%
Revenue Next 3Y6.45%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MBINL Yearly Revenue VS EstimatesMBINL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M
MBINL Yearly EPS VS EstimatesMBINL Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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Find the best growth stocksShow best growing peers

6

4. MBINL Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.38, the valuation of MBINL can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of MBINL indicates a rather cheap valuation: MBINL is cheaper than 87.63% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.69. MBINL is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 4.72 indicates a rather cheap valuation of MBINL.
  • Based on the Price/Forward Earnings ratio, MBINL is valued cheaply inside the industry as 91.75% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of MBINL to the average of the S&P500 Index (24.79), we can say MBINL is valued rather cheaply.
Industry RankSector Rank
PE 6.38
Fwd PE 4.72
MBINL Price Earnings VS Forward Price EarningsMBINL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MBINL is valued a bit more expensive than 60.82% of the companies in the same industry.
Industry RankSector Rank
P/FCF 48.4
EV/EBITDA N/A
MBINL Per share dataMBINL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MBINL's earnings are expected to grow with 18.28% in the coming years.
PEG (NY)0.18
PEG (5Y)33.62
EPS Next 2Y22.84%
EPS Next 3Y18.28%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. MBINL Dividend Analysis

5.1 Amount

  • MBINL has a Yearly Dividend Yield of 1.00%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.29, MBINL has a dividend in line with its industry peers.
  • With a Dividend Yield of 1.00, MBINL pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1%

5.2 History

  • On average, the dividend of MBINL grows each year by 13.84%, which is quite nice.
  • MBINL is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)13.84%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 29.82% of the earnings are spent on dividend by MBINL. This is a low number and sustainable payout ratio.
  • MBINL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.82%
EPS Next 2Y22.84%
EPS Next 3Y18.28%
MBINL Yearly Income VS Free CF VS DividendMBINL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B
MBINL Dividend Payout.MBINL Dividend Payout, showing the Payout Ratio.MBINL Dividend Payout.PayoutRetained Earnings

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MBINL Fundamentals: All Metrics, Ratios and Statistics

MERCHANTS BANCORP - MBIN 7 5/8 PERP

NASDAQ:MBINL (3/6/2026, 4:30:00 PM)

24.8

+0.03 (+0.12%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)01-28
Earnings (Next)04-27
Inst Owners35.29%
Inst Owner ChangeN/A
Ins Owners40.12%
Ins Owner ChangeN/A
Market Cap1.14B
Revenue(TTM)681.45M
Net Income(TTM)199.75M
Analysts80
Price Target28.03 (13.02%)
Short Float %0.12%
Short Ratio1.31
Dividend
Industry RankSector Rank
Dividend Yield 1%
Yearly Dividend1.15
Dividend Growth(5Y)13.84%
DP29.82%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.5%
Min EPS beat(2)-47.48%
Max EPS beat(2)20.48%
EPS beat(4)2
Avg EPS beat(4)-1.35%
Min EPS beat(4)-47.48%
Max EPS beat(4)40.24%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)2.53%
EPS beat(16)9
Avg EPS beat(16)3.68%
Revenue beat(2)1
Avg Revenue beat(2)-2.25%
Min Revenue beat(2)-6.84%
Max Revenue beat(2)2.33%
Revenue beat(4)2
Avg Revenue beat(4)0%
Min Revenue beat(4)-15.12%
Max Revenue beat(4)19.63%
Revenue beat(8)4
Avg Revenue beat(8)1.04%
Revenue beat(12)7
Avg Revenue beat(12)2.29%
Revenue beat(16)9
Avg Revenue beat(16)3.25%
PT rev (1m)-1.22%
PT rev (3m)-7.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.85%
EPS NY rev (1m)3.95%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)1.87%
Revenue NY rev (3m)1.89%
Valuation
Industry RankSector Rank
PE 6.38
Fwd PE 4.72
P/S 1.65
P/FCF 48.4
P/OCF 24.4
P/B 0.51
P/tB 0.57
EV/EBITDA N/A
EPS(TTM)3.89
EY15.69%
EPS(NY)5.25
Fwd EY21.17%
FCF(TTM)0.51
FCFY2.07%
OCF(TTM)1.02
OCFY4.1%
SpS15.03
BVpS48.49
TBVpS43.68
PEG (NY)0.18
PEG (5Y)33.62
Graham Number65.15
Profitability
Industry RankSector Rank
ROA 1.03%
ROE 8.98%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 28.95%
GM N/A
FCFM 3.41%
ROA(3y)1.28%
ROA(5y)1.44%
ROE(3y)11.54%
ROE(5y)13.15%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.4%
PM growth 5Y-11.62%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 6.58
Debt/EBITDA N/A
Cap/Depr 754.94%
Cap/Sales 3.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 11.77%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC20.81%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.35%
EPS 3Y-4.53%
EPS 5Y0.19%
EPS Q2Q%-30.81%
EPS Next Y34.94%
EPS Next 2Y22.84%
EPS Next 3Y18.28%
EPS Next 5YN/A
Revenue 1Y (TTM)1.6%
Revenue growth 3Y15.31%
Revenue growth 5Y14.15%
Sales Q2Q%-4.38%
Revenue Next Year9.24%
Revenue Next 2Y6.45%
Revenue Next 3Y6.45%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y118.56%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y142.17%
OCF growth 3YN/A
OCF growth 5YN/A

MERCHANTS BANCORP - MBIN 7 5/8 PERP / MBINL FAQ

What is the ChartMill fundamental rating of MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) stock?

ChartMill assigns a fundamental rating of 3 / 10 to MBINL.


Can you provide the valuation status for MERCHANTS BANCORP - MBIN 7 5/8 PERP?

ChartMill assigns a valuation rating of 6 / 10 to MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL). This can be considered as Fairly Valued.


Can you provide the profitability details for MERCHANTS BANCORP - MBIN 7 5/8 PERP?

MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) has a profitability rating of 3 / 10.


What is the earnings growth outlook for MERCHANTS BANCORP - MBIN 7 5/8 PERP?

The Earnings per Share (EPS) of MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) is expected to grow by 34.94% in the next year.


How sustainable is the dividend of MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) stock?

The dividend rating of MERCHANTS BANCORP - MBIN 7 5/8 PERP (MBINL) is 4 / 10 and the dividend payout ratio is 29.82%.