Mackinac Financial (MFNC)

21.5  +0.12 (+0.56%)

Fundamental Rating

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Overall MFNC gets a fundamental rating of 1 out of 10. We evaluated MFNC against 411 industry peers in the Banks industry. MFNC has a bad profitability rating. Also its financial health evaluation is rather negative. MFNC does not seem to be growing, but still is valued expensively.



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1. Profitability

1.1 Basic Checks

In the past year MFNC was profitable.

1.2 Ratios

Industry RankSector Rank
ROA 0.91%
ROE 8.02%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Operating Margin and Gross Margin are not available for MFNC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 21.31%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A

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1

2. Health

2.1 Basic Checks

MFNC 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

A Debt/Equity ratio of 0.17 indicates that MFNC is not too dependend on debt financing.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

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

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3

3. Growth

3.1 Past

MFNC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.09%.
Measured over the past 5 years, MFNC shows a small growth in Earnings Per Share. The EPS has been growing by 7.37% on average per year.
Looking at the last year, MFNC shows a small growth in Revenue. The Revenue has grown by 3.44% in the last year.
Measured over the past years, MFNC shows a quite strong growth in Revenue. The Revenue has been growing by 14.52% on average per year.
EPS 1Y (TTM)7.09%
EPS 3Y3.71%
EPS 5Y7.37%
EPS growth Q2Q-3.03%
Revenue 1Y (TTM)3.44%
Revenue growth 3Y15.69%
Revenue growth 5Y14.52%
Revenue growth Q2Q-6.75%

3.2 Future

Based on estimates for the next years, MFNC will show a very negative growth in Earnings Per Share. The EPS will decrease by -19.98% on average per year.
MFNC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.05% yearly.
EPS Next Y-30.67%
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%
EPS Next 5Y-19.98%
Revenue Next Year-7.02%
Revenue Next 2Y-4.71%
Revenue Next 3Y-5.18%
Revenue Next 5Y-5.05%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.

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1

4. Valuation

4.1 Price/Earnings Ratio

MFNC is valuated correctly with a Price/Earnings ratio of 15.81.
When comparing the Price/Earnings ratio of MFNC to the average of the S&P500 Index (28.60), we can say MFNC is valued slightly cheaper.
With a Price/Forward Earnings ratio of 30.29, MFNC can be considered very expensive at the moment.
MFNC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 20.15.
Industry RankSector Rank
PE 15.81
Fwd PE 30.29

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A

4.3 Compensation for Growth

MFNC's earnings are expected to decrease with -25.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)2.15
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.60%, MFNC has a reasonable but not impressive dividend return.
Compared to an average S&P500 Dividend Yield of 2.32, MFNC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.6%

5.2 History

On average, the dividend of MFNC grows each year by 8.15%, which is quite nice.
MFNC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.15%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

42.77% of the earnings are spent on dividend by MFNC. This is a bit on the high side, but may be sustainable.
DP42.77%
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%

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Mackinac Financial

NASDAQ:MFNC (9/3/2021, 8:01:12 PM)

21.5

+0.12 (+0.56%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap226.82M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
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 15.81
Fwd PE 30.29
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)2.15
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 8.02%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 21.31%
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 0.17
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)7.09%
EPS 3Y3.71%
EPS 5Y
EPS growth Q2Q
EPS Next Y-30.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.44%
Revenue growth 3Y15.69%
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