MACATAWA BANK CORP (MCBC)

US5542251021 - Common Stock

14.45  +0.03 (+0.21%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MCBC. MCBC was compared to 412 industry peers in the Banks industry. MCBC has only an average score on both its financial health and profitability. MCBC has a expensive valuation and it also scores bad on growth.



Quickly go to:

5

1. Profitability

1.1 Basic Checks

In the past year MCBC was profitable.
In the past year MCBC had a positive cash flow from operations.
Each year in the past 5 years MCBC has been profitable.
In the past 5 years MCBC always reported a positive cash flow from operatings.

1.2 Ratios

MCBC's Return On Assets of 1.57% is amongst the best of the industry. MCBC outperforms 90.78% of its industry peers.
MCBC's Return On Equity of 14.00% is amongst the best of the industry. MCBC outperforms 86.65% of its industry peers.
Industry RankSector Rank
ROA 1.57%
ROE 14%
ROIC N/A
ROA(3y)1.25%
ROA(5y)1.29%
ROE(3y)13.51%
ROE(5y)13.56%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 39.38%, MCBC belongs to the best of the industry, outperforming 94.17% of the companies in the same industry.
In the last couple of years the Profit Margin of MCBC has grown nicely.
MCBC 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) 39.38%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y4.98%
PM growth 5Y3.6%
GM growth 3YN/A
GM growth 5YN/A

More info and screens

4

2. Health

2.1 Basic Checks

MCBC does not have a ROIC to compare to the WACC, probably because it is not profitable.
MCBC has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for MCBC has been increased compared to 5 years ago.
MCBC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

MCBC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACCN/A
WACC12.54%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

More info and screens

3

3. Growth

3.1 Past

MCBC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.24%.
The Earnings Per Share has been growing by 10.59% on average over the past years. This is quite good.
Looking at the last year, MCBC shows a small growth in Revenue. The Revenue has grown by 4.47% in the last year.
Measured over the past years, MCBC shows a small growth in Revenue. The Revenue has been growing by 6.54% on average per year.
EPS 1Y (TTM)4.24%
EPS 3Y13.6%
EPS 5Y10.59%
EPS growth Q2Q-17.14%
Revenue 1Y (TTM)4.47%
Revenue growth 3Y7.38%
Revenue growth 5Y6.54%
Revenue growth Q2Q-6.49%

3.2 Future

Based on estimates for the next years, MCBC will show a small growth in Earnings Per Share. The EPS will grow by 0.69% on average per year.
MCBC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.48% yearly.
EPS Next Y-2.32%
EPS Next 2Y0.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.15%
Revenue Next 2Y2.48%
Revenue Next 3YN/A
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 decreasing.
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.

More info and screens

3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.75, the valuation of MCBC can be described as reasonable.
MCBC's Price/Earnings ratio is a bit more expensive when compared to the industry. MCBC is more expensive than 65.29% of the companies in the same industry.
When comparing the Price/Earnings ratio of MCBC to the average of the S&P500 Index (27.73), we can say MCBC is valued rather cheaply.
MCBC is valuated reasonably with a Price/Forward Earnings ratio of 11.05.
MCBC's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of MCBC to the average of the S&P500 Index (20.41), we can say MCBC is valued slightly cheaper.
Industry RankSector Rank
PE 11.75
Fwd PE 11.05

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, MCBC is valued a bit more expensive than 66.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.31
EV/EBITDA N/A

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.11
EPS Next 2Y0.69%
EPS Next 3YN/A

More info and screens

5

5. Dividend

5.1 Amount

MCBC has a Yearly Dividend Yield of 2.52%.
Compared to an average industry Dividend Yield of 3.76, MCBC is paying slightly less dividend.
MCBC's Dividend Yield is comparable with the S&P500 average which is at 2.41.
Industry RankSector Rank
Dividend Yield 2.52%

5.2 History

The dividend of MCBC has a limited annual growth rate of 5.68%.
MCBC has been paying a dividend for at least 10 years, so it has a reliable track record.
MCBC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)5.68%
Div Incr Years1
Div Non Decr Years9

5.3 Sustainability

MCBC pays out 28.38% of its income as dividend. This is a sustainable payout ratio.
The dividend of MCBC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.38%
EPS Next 2Y0.69%
EPS Next 3YN/A

More info and screens

MACATAWA BANK CORP

NASDAQ:MCBC (5/6/2024, 9:34:30 AM)

14.45

+0.03 (+0.21%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap496.50M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.52%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 11.75
Fwd PE 11.05
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.11
Profitability
Industry RankSector Rank
ROA 1.57%
ROE 14%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 39.38%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)4.24%
EPS 3Y13.6%
EPS 5Y
EPS growth Q2Q
EPS Next Y-2.32%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.47%
Revenue growth 3Y7.38%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y