MIDWESTONE FINANCIAL GROUP I (MOFG) Stock Fundamental Analysis
NASDAQ:MOFG - Nasdaq - US5985111039 - Common Stock - Currency: USD
MOFG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. Both the profitability and financial health of MOFG have multiple concerns. MOFG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MOFG was profitable.
MOFG had a positive operating cash flow in the past year.
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
With a Return On Assets value of -0.78%, MOFG is not doing good in the industry: 96.71% of the companies in the same industry are doing better.
MOFG has a Return On Equity of -8.45%. This is amonst the worse of the industry: MOFG underperforms 96.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -8.45% | ||
| ROIC | N/A |
ROA(3y)0.1%
ROA(5y)0.31%
ROE(3y)1.88%
ROE(5y)4.02%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin and Operating Margin and Gross Margin are not available for MOFG so they could not be analyzed.
| 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.
The number of shares outstanding for MOFG has been increased compared to 1 year ago.
The number of shares outstanding for MOFG has been increased compared to 5 years ago.
Compared to 1 year ago, MOFG has an improved debt to assets ratio.
2.2 Solvency
MOFG has a debt to FCF ratio of 1.82. This is a very positive value and a sign of high solvency as it would only need 1.82 years to pay back of all of its debts.
MOFG's Debt to FCF ratio of 1.82 is in line compared to the rest of the industry. MOFG outperforms 53.42% of its industry peers.
A Debt/Equity ratio of 0.19 indicates that MOFG is not too dependend on debt financing.
MOFG has a Debt to Equity ratio of 0.19. This is comparable to the rest of the industry: MOFG outperforms 45.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.19 | ||
| Debt/FCF | 1.82 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.8%
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 grown by an impressive 54.59% 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.
MOFG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -51.84%.
The Revenue for MOFG have been decreasing by -16.90% on average. This is quite bad
EPS 1Y (TTM)54.59%
EPS 3Y-16.88%
EPS 5Y-2.91%
EPS Q2Q%247.62%
Revenue 1Y (TTM)-51.84%
Revenue growth 3Y-29.63%
Revenue growth 5Y-16.9%
Sales Q2Q%36.59%
3.2 Future
The Earnings Per Share is expected to grow by 20.27% on average over the next years. This is a very strong growth
Based on estimates for the next years, MOFG will show a quite strong growth in Revenue. The Revenue will grow by 17.16% on average per year.
EPS Next Y31.25%
EPS Next 2Y20.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year28.8%
Revenue Next 2Y17.16%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.49, the valuation of MOFG can be described as very reasonable.
Based on the Price/Earnings ratio, MOFG is valued cheaper than 82.03% of the companies in the same industry.
MOFG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.25.
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 a bit cheaper when compared to the industry. MOFG is cheaper than 76.96% of the companies in the same industry.
MOFG is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.15, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.49 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MOFG is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MOFG'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 MOFG's earnings are expected to grow with 20.27% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y20.27%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MOFG has a Yearly Dividend Yield of 3.37%.
MOFG's Dividend Yield is comparable with the industry average which is at 3.45.
Compared to an average S&P500 Dividend Yield of 2.40, MOFG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
5.2 History
The dividend of MOFG has a limited annual growth rate of 2.56%.
MOFG has been paying a dividend for at least 10 years, so it has 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)2.56%
Div Incr Years13
Div Non Decr Years14
5.3 Sustainability
The earnings of MOFG are negative and hence is the payout ratio. MOFG will probably not be able to sustain this dividend level.
The dividend of MOFG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-37.2%
EPS Next 2Y20.27%
EPS Next 3YN/A
28.75
-0.13 (-0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners80.92%
Inst Owner Change0.69%
Ins Owners1.33%
Ins Owner Change2.71%
Market Cap598.58M
Analysts81.82
Price Target34.88 (21.32%)
Short Float %1.32%
Short Ratio2.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.37% |
Yearly Dividend0.92
Dividend Growth(5Y)2.56%
DP-37.2%
Div Incr Years13
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)-2.56%
PT rev (3m)-5.79%
EPS NQ rev (1m)-1.57%
EPS NQ rev (3m)-1.82%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-0.29%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)0.18%
Revenue NY rev (1m)1.03%
Revenue NY rev (3m)0.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.49 | ||
| Fwd PE | 7.92 | ||
| P/S | 7.27 | ||
| P/FCF | 10.01 | ||
| P/OCF | 9.64 | ||
| P/B | 1.03 | ||
| P/tB | 1.27 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.03
EY10.54%
EPS(NY)3.63
Fwd EY12.63%
FCF(TTM)2.87
FCFY9.99%
OCF(TTM)2.98
OCFY10.37%
SpS3.96
BVpS27.81
TBVpS22.72
PEG (NY)0.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.78% | ||
| ROE | -8.45% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | N/A | ||
| FCFM | 72.59% |
ROA(3y)0.1%
ROA(5y)0.31%
ROE(3y)1.88%
ROE(5y)4.02%
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 | 1.82 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 46.83% | ||
| 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
WACC19.8%
ROIC/WACCN/A
Cap/Depr(3y)29.62%
Cap/Depr(5y)51.9%
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)54.59%
EPS 3Y-16.88%
EPS 5Y-2.91%
EPS Q2Q%247.62%
EPS Next Y31.25%
EPS Next 2Y20.27%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-51.84%
Revenue growth 3Y-29.63%
Revenue growth 5Y-16.9%
Sales Q2Q%36.59%
Revenue Next Year28.8%
Revenue Next 2Y17.16%
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-24.78%
FCF growth 3Y-17.92%
FCF growth 5Y6.09%
OCF growth 1Y-24%
OCF growth 3Y-17.35%
OCF growth 5Y5.9%