MIDWESTONE FINANCIAL GROUP I (MOFG) Stock Fundamental Analysis
NASDAQ:MOFG - Nasdaq - US5985111039 - Common Stock - Currency: USD
Overall MOFG gets a fundamental rating of 3 out of 10. We evaluated MOFG against 393 industry peers in the Banks industry. MOFG may be in some trouble as it scores bad on both profitability and health. MOFG scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year MOFG was profitable.
In the past year MOFG had a positive cash flow from operations.
Of the past 5 years MOFG 4 years were profitable.
MOFG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MOFG has a worse Return On Assets (-0.77%) than 96.18% of its industry peers.
MOFG has a Return On Equity of -8.32%. This is amonst the worse of the industry: MOFG underperforms 95.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.77% | ||
| ROE | -8.32% | ||
| ROIC | N/A |
ROA(3y)0.09%
ROA(5y)0.31%
ROE(3y)1.85%
ROE(5y)4%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MOFG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| 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
2. Health
2.1 Basic Checks
MOFG does not have a ROIC to compare to the WACC, probably because it is not profitable.
MOFG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MOFG has more shares outstanding
MOFG has a better debt/assets ratio than last year.
2.2 Solvency
MOFG has a debt to FCF ratio of 1.81. This is a very positive value and a sign of high solvency as it would only need 1.81 years to pay back of all of its debts.
With a Debt to FCF ratio value of 1.81, MOFG perfoms like the industry average, outperforming 53.94% of the companies in the same industry.
A Debt/Equity ratio of 0.19 indicates that MOFG is not too dependend on debt financing.
MOFG's Debt to Equity ratio of 0.19 is in line compared to the rest of the industry. MOFG outperforms 44.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.81 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.91%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.02% over the past year.
Measured over the past years, MOFG shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.91% on average per year.
Looking at the last year, MOFG shows a very negative growth in Revenue. The Revenue has decreased by -53.77% in the last year.
The Revenue for MOFG have been decreasing by -16.90% on average. This is quite bad
EPS 1Y (TTM)5.02%
EPS 3Y-16.88%
EPS 5Y-2.91%
EPS Q2Q%-52%
Revenue 1Y (TTM)-53.77%
Revenue growth 3Y-29.63%
Revenue growth 5Y-16.9%
Sales Q2Q%37.51%
3.2 Future
The Earnings Per Share is expected to grow by 19.80% on average over the next years. This is quite good.
MOFG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.58% yearly.
EPS Next Y31.09%
EPS Next 2Y19.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year28.08%
Revenue Next 2Y19.58%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
MOFG is valuated reasonably with a Price/Earnings ratio of 11.37.
Based on the Price/Earnings ratio, MOFG is valued a bit cheaper than the industry average as 61.07% of the companies are valued more expensively.
MOFG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.85.
With a Price/Forward Earnings ratio of 7.92, the valuation of MOFG can be described as very cheap.
MOFG's Price/Forward Earnings ratio is rather cheap when compared to the industry. MOFG is cheaper than 82.95% of the companies in the same industry.
MOFG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
MOFG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MOFG is cheaper than 65.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.86 | ||
| EV/EBITDA | N/A |
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 MOFG's earnings are expected to grow with 19.80% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y19.8%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MOFG has a Yearly Dividend Yield of 3.31%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.41, MOFG has a dividend in line with its industry peers.
MOFG's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.31% |
5.2 History
The dividend of MOFG has a limited annual growth rate of 2.25%.
MOFG has paid a dividend for at least 10 years, which is a reliable track record.
MOFG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.25%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
MOFG has negative earnings and hence a negative payout ratio. The dividend may be in danger.
MOFG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-36.77%
EPS Next 2Y19.8%
EPS Next 3YN/A
28.54
-0.13 (-0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners81.41%
Inst Owner Change1.76%
Ins Owners1.51%
Ins Owner Change2.03%
Market Cap591.06M
Analysts81.82
Price Target33.86 (18.64%)
Short Float %2.33%
Short Ratio3.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.31% |
Yearly Dividend0.91
Dividend Growth(5Y)2.25%
DP-36.77%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.37%
Min EPS beat(2)-1.77%
Max EPS beat(2)6.51%
EPS beat(4)2
Avg EPS beat(4)24.13%
Min EPS beat(4)-8.31%
Max EPS beat(4)100.08%
EPS beat(8)3
Avg EPS beat(8)6.6%
EPS beat(12)4
Avg EPS beat(12)3.69%
EPS beat(16)7
Avg EPS beat(16)4.7%
Revenue beat(2)1
Avg Revenue beat(2)0.38%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)4.1%
Revenue beat(4)1
Avg Revenue beat(4)-1.51%
Min Revenue beat(4)-5.06%
Max Revenue beat(4)4.1%
Revenue beat(8)1
Avg Revenue beat(8)-3.72%
Revenue beat(12)4
Avg Revenue beat(12)1.27%
Revenue beat(16)8
Avg Revenue beat(16)7.03%
PT rev (1m)-2.92%
PT rev (3m)-2.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.37 | ||
| Fwd PE | 7.92 | ||
| P/S | 7.17 | ||
| P/FCF | 9.86 | ||
| P/OCF | 9.49 | ||
| P/B | 1.02 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.51
EY8.79%
EPS(NY)3.6
Fwd EY12.62%
FCF(TTM)2.9
FCFY10.15%
OCF(TTM)3.01
OCFY10.54%
SpS3.98
BVpS27.99
TBVpS22.9
PEG (NY)0.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.77% | ||
| ROE | -8.32% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 72.8% |
ROA(3y)0.09%
ROA(5y)0.31%
ROE(3y)1.85%
ROE(5y)4%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score4
Asset Turnover0.01
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.81 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 46.98% | ||
| Cap/Sales | 2.78% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC19.91%
ROIC/WACCN/A
Cap/Depr(3y)29.99%
Cap/Depr(5y)52.12%
Cap/Sales(3y)2.41%
Cap/Sales(5y)1.87%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.02%
EPS 3Y-16.88%
EPS 5Y-2.91%
EPS Q2Q%-52%
EPS Next Y31.09%
EPS Next 2Y19.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-53.77%
Revenue growth 3Y-29.63%
Revenue growth 5Y-16.9%
Sales Q2Q%37.51%
Revenue Next Year28.08%
Revenue Next 2Y19.58%
Revenue Next 3YN/A
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 1Y-24.56%
FCF growth 3Y-17.84%
FCF growth 5Y6.15%
OCF growth 1Y-23.78%
OCF growth 3Y-17.27%
OCF growth 5Y5.96%