MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) Fundamental Analysis & Valuation

NASDAQ:MBINM • US58844R8842

25.5 USD
+0.17 (+0.67%)
Last: Mar 12, 2026, 04:30 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to MBINM. MBINM was compared to 98 industry peers in the Financial Services industry. MBINM has a bad profitability rating. Also its financial health evaluation is rather negative. MBINM has a correct valuation and a medium growth rate. Finally MBINM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. MBINM Profitability Analysis

1.1 Basic Checks

  • In the past year MBINM was profitable.
  • MBINM had a positive operating cash flow in the past year.
  • MBINM had positive earnings in each of the past 5 years.
  • MBINM had negative operating cash flow in 4 of the past 5 years.
MBINM Yearly Net Income VS EBIT VS OCF VS FCFMBINM 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

  • With a Return On Assets value of 1.03%, MBINM perfoms like the industry average, outperforming 43.88% of the companies in the same industry.
  • The Return On Equity of MBINM (8.98%) is comparable to the rest of the industry.
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
MBINM Yearly ROA, ROE, ROICMBINM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 28.95%, MBINM belongs to the best of the industry, outperforming 83.67% of the companies in the same industry.
  • MBINM's Profit Margin has declined in the last couple of years.
  • The Operating Margin and Gross Margin are not available for MBINM so they could not be analyzed.
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
MBINM Yearly Profit, Operating, Gross MarginsMBINM 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. MBINM Health Analysis

2.1 Basic Checks

  • MBINM does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, MBINM has more shares outstanding
  • MBINM has more shares outstanding than it did 5 years ago.
  • MBINM has a worse debt/assets ratio than last year.
MBINM Yearly Shares OutstandingMBINM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
MBINM Yearly Total Debt VS Total AssetsMBINM 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 MBINM is 6.58, which is on the high side as it means it would take MBINM, 6.58 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MBINM (6.58) is comparable to the rest of the industry.
  • MBINM has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.07, MBINM is doing good in the industry, outperforming 77.55% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 6.58
Altman-Z N/A
ROIC/WACCN/A
WACC20.73%
MBINM Yearly LT Debt VS Equity VS FCFMBINM 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
MBINM Yearly Current Assets VS Current LiabilitesMBINM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 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. MBINM Growth Analysis

3.1 Past

  • MBINM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.35%.
  • Measured over the past 5 years, MBINM shows a small growth in Earnings Per Share. The EPS has been growing by 0.19% on average per year.
  • The Revenue has been growing slightly by 1.60% in the past year.
  • MBINM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.15% yearly.
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

  • The Earnings Per Share is expected to grow by 18.28% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.45% on average over the next years.
EPS Next Y37.3%
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.
MBINM Yearly Revenue VS EstimatesMBINM 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
MBINM Yearly EPS VS EstimatesMBINM 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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6

4. MBINM Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.56, which indicates a rather cheap valuation of MBINM.
  • Compared to the rest of the industry, the Price/Earnings ratio of MBINM indicates a rather cheap valuation: MBINM is cheaper than 83.67% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.71. MBINM is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 4.77, the valuation of MBINM can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MBINM is valued cheaper than 88.78% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. MBINM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.56
Fwd PE 4.77
MBINM Price Earnings VS Forward Price EarningsMBINM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MBINM indicates a slightly more expensive valuation: MBINM is more expensive than 62.24% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 49.85
EV/EBITDA N/A
MBINM Per share dataMBINM 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.
  • MBINM's earnings are expected to grow with 18.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)34.57
EPS Next 2Y22.84%
EPS Next 3Y18.28%

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

8

5. MBINM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 8.04%, MBINM is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.34, MBINM pays a better dividend. On top of this MBINM pays more dividend than 90.82% of the companies listed in the same industry.
  • MBINM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 8.04%

5.2 History

  • On average, the dividend of MBINM grows each year by 13.84%, which is quite nice.
  • MBINM has been paying a dividend for over 5 years, so it has already some track record.
  • The dividend of MBINM decreased in the last 3 years.
Dividend Growth(5Y)13.84%
Div Incr Years0
Div Non Decr Years2
MBINM Yearly Dividends per shareMBINM Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • MBINM pays out 29.82% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of MBINM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP29.82%
EPS Next 2Y22.84%
EPS Next 3Y18.28%
MBINM Yearly Income VS Free CF VS DividendMBINM 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
MBINM Dividend Payout.MBINM Dividend Payout, showing the Payout Ratio.MBINM Dividend Payout.PayoutRetained Earnings

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MBINM Fundamentals: All Metrics, Ratios and Statistics

MERCHANTS BANCORP - MBIN 8 1/4 PERP

NASDAQ:MBINM (3/12/2026, 4:30:01 PM)

25.5

+0.17 (+0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)01-28
Earnings (Next)04-27
Inst Owners35.78%
Inst Owner ChangeN/A
Ins Owners40.15%
Ins Owner ChangeN/A
Market Cap1.17B
Revenue(TTM)681.45M
Net Income(TTM)199.75M
Analysts80
Price Target28.43 (11.49%)
Short Float %0.01%
Short Ratio0.17
Dividend
Industry RankSector Rank
Dividend Yield 8.04%
Yearly Dividend1.15
Dividend Growth(5Y)13.84%
DP29.82%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-13
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)0.46%
Revenue beat(12)7
Avg Revenue beat(12)1.66%
Revenue beat(16)9
Avg Revenue beat(16)2.78%
PT rev (1m)-1.75%
PT rev (3m)-3.08%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.85%
EPS NY rev (1m)1.75%
EPS NY rev (3m)5.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.02%
Valuation
Industry RankSector Rank
PE 6.56
Fwd PE 4.77
P/S 1.7
P/FCF 49.85
P/OCF 25.12
P/B 0.53
P/tB 0.58
EV/EBITDA N/A
EPS(TTM)3.89
EY15.25%
EPS(NY)5.34
Fwd EY20.95%
FCF(TTM)0.51
FCFY2.01%
OCF(TTM)1.02
OCFY3.98%
SpS15.01
BVpS48.42
TBVpS43.61
PEG (NY)0.18
PEG (5Y)34.57
Graham Number65.1
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
WACC20.73%
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 Y37.3%
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 8 1/4 PERP / MBINM FAQ

Can you provide the ChartMill fundamental rating for MERCHANTS BANCORP - MBIN 8 1/4 PERP?

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


What is the valuation status of MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) stock?

ChartMill assigns a valuation rating of 6 / 10 to MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM). This can be considered as Fairly Valued.


What is the profitability of MBINM stock?

MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) has a profitability rating of 3 / 10.


What are the PE and PB ratios of MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) stock?

The Price/Earnings (PE) ratio for MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) is 6.56 and the Price/Book (PB) ratio is 0.53.


Can you provide the dividend sustainability for MBINM stock?

The dividend rating of MERCHANTS BANCORP - MBIN 8 1/4 PERP (MBINM) is 8 / 10 and the dividend payout ratio is 29.82%.