MERCHANTS BANCORP - MBIN 6 PERP (MBINN) Fundamental Analysis & Valuation

NASDAQ:MBINN • US58844R7026

Current stock price

20.21 USD
+0.12 (+0.6%)
Last:

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

3

1. MBINN Profitability Analysis

1.1 Basic Checks

  • In the past year MBINN was profitable.
  • MBINN had a positive operating cash flow in the past year.
  • Each year in the past 5 years MBINN has been profitable.
  • MBINN had negative operating cash flow in 4 of the past 5 years.
MBINN Yearly Net Income VS EBIT VS OCF VS FCFMBINN 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

  • MBINN's Return On Assets of 1.03% is in line compared to the rest of the industry. MBINN outperforms 44.90% of its industry peers.
  • Looking at the Return On Equity, with a value of 8.98%, MBINN is in line with its industry, outperforming 53.06% of the companies in the same 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
MBINN Yearly ROA, ROE, ROICMBINN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 28.95%, MBINN belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MBINN has declined.
  • MBINN 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
MBINN Yearly Profit, Operating, Gross MarginsMBINN 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. MBINN Health Analysis

2.1 Basic Checks

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

  • MBINN has a debt to FCF ratio of 6.58. This is a slightly negative value and a sign of low solvency as MBINN would need 6.58 years to pay back of all of its debts.
  • MBINN has a Debt to FCF ratio of 6.58. This is comparable to the rest of the industry: MBINN outperforms 57.14% of its industry peers.
  • A Debt/Equity ratio of 0.07 indicates that MBINN is not too dependend on debt financing.
  • MBINN has a better Debt to Equity ratio (0.07) than 79.59% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.07
Debt/FCF 6.58
Altman-Z N/A
ROIC/WACCN/A
WACC21.17%
MBINN Yearly LT Debt VS Equity VS FCFMBINN 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
MBINN Yearly Current Assets VS Current LiabilitesMBINN 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. MBINN Growth Analysis

3.1 Past

  • MBINN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.35%.
  • The Earnings Per Share has been growing slightly by 0.19% on average over the past years.
  • Looking at the last year, MBINN 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

  • 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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MBINN Yearly Revenue VS EstimatesMBINN 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
MBINN Yearly EPS VS EstimatesMBINN 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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7

4. MBINN Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 5.20, the valuation of MBINN can be described as very cheap.
  • Based on the Price/Earnings ratio, MBINN is valued cheaply inside the industry as 90.82% of the companies are valued more expensively.
  • MBINN is valuated cheaply when we compare the Price/Earnings ratio to 26.11, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 3.78, the valuation of MBINN can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MBINN is valued cheaply inside the industry as 95.92% of the companies are valued more expensively.
  • MBINN is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.2
Fwd PE 3.78
MBINN Price Earnings VS Forward Price EarningsMBINN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MBINN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 39.51
EV/EBITDA N/A
MBINN Per share dataMBINN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • MBINN's 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 MBINN's earnings are expected to grow with 18.28% in the coming years.
PEG (NY)0.14
PEG (5Y)27.4
EPS Next 2Y22.84%
EPS Next 3Y18.28%

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

8

5. MBINN Dividend Analysis

5.1 Amount

  • MBINN has a Yearly Dividend Yield of 8.09%, which is a nice return.
  • MBINN's Dividend Yield is rather good when compared to the industry average which is at 2.61. MBINN pays more dividend than 91.84% of the companies in the same industry.
  • MBINN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 8.09%

5.2 History

  • On average, the dividend of MBINN grows each year by 13.84%, which is quite nice.
  • MBINN has been paying a dividend for over 5 years, so it has already some track record.
  • MBINN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)13.84%
Div Incr Years0
Div Non Decr Years3
MBINN Yearly Dividends per shareMBINN Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 29.82% of the earnings are spent on dividend by MBINN. This is a low number and sustainable payout ratio.
  • MBINN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP29.82%
EPS Next 2Y22.84%
EPS Next 3Y18.28%
MBINN Yearly Income VS Free CF VS DividendMBINN 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
MBINN Dividend Payout.MBINN Dividend Payout, showing the Payout Ratio.MBINN Dividend Payout.PayoutRetained Earnings

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MBINN Fundamentals: All Metrics, Ratios and Statistics

MERCHANTS BANCORP - MBIN 6 PERP

NASDAQ:MBINN (3/17/2026, 8:00:01 PM)

20.21

+0.12 (+0.6%)

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 Cap928.85M
Revenue(TTM)681.45M
Net Income(TTM)199.75M
Analysts80
Price Target22.36 (10.64%)
Short Float %0.05%
Short Ratio0.93
Dividend
Industry RankSector Rank
Dividend Yield 8.09%
Yearly Dividend1.15
Dividend Growth(5Y)13.84%
DP29.82%
Div Incr Years0
Div Non Decr Years3
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)-2.24%
PT rev (3m)0.04%
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 5.2
Fwd PE 3.78
P/S 1.35
P/FCF 39.51
P/OCF 19.91
P/B 0.42
P/tB 0.46
EV/EBITDA N/A
EPS(TTM)3.89
EY19.25%
EPS(NY)5.34
Fwd EY26.43%
FCF(TTM)0.51
FCFY2.53%
OCF(TTM)1.02
OCFY5.02%
SpS15.01
BVpS48.42
TBVpS43.61
PEG (NY)0.14
PEG (5Y)27.4
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
WACC21.17%
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 6 PERP / MBINN Fundamental Analysis FAQ

What is the fundamental rating for MBINN stock?

ChartMill assigns a fundamental rating of 4 / 10 to MBINN.


What is the valuation status for MBINN stock?

ChartMill assigns a valuation rating of 7 / 10 to MERCHANTS BANCORP - MBIN 6 PERP (MBINN). This can be considered as Undervalued.


How profitable is MERCHANTS BANCORP - MBIN 6 PERP (MBINN) stock?

MERCHANTS BANCORP - MBIN 6 PERP (MBINN) has a profitability rating of 3 / 10.


Can you provide the financial health for MBINN stock?

The financial health rating of MERCHANTS BANCORP - MBIN 6 PERP (MBINN) is 1 / 10.


How sustainable is the dividend of MERCHANTS BANCORP - MBIN 6 PERP (MBINN) stock?

The dividend rating of MERCHANTS BANCORP - MBIN 6 PERP (MBINN) is 8 / 10 and the dividend payout ratio is 29.82%.