MID PENN BANCORP INC (MPB) Stock Fundamental Analysis
NASDAQ:MPB - Nasdaq - US59540G1076 - Common Stock - Currency: USD
Taking everything into account, MPB scores 4 out of 10 in our fundamental rating. MPB was compared to 395 industry peers in the Banks industry. MPB has a medium profitability rating, but doesn't score so well on its financial health evaluation. MPB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MPB was profitable.
In the past year MPB had a positive cash flow from operations.
Each year in the past 5 years MPB has been profitable.
Each year in the past 5 years MPB had a positive operating cash flow.
1.2 Ratios
MPB has a Return On Assets of 0.92%. This is comparable to the rest of the industry: MPB outperforms 57.72% of its industry peers.
Looking at the Return On Equity, with a value of 7.64%, MPB is in line with its industry, outperforming 44.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 7.64% | ||
| ROIC | N/A |
ROA(3y)0.94%
ROA(5y)0.87%
ROE(3y)8.38%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MPB has a Profit Margin of 27.65%. This is in the better half of the industry: MPB outperforms 74.94% of its industry peers.
MPB's Profit Margin has improved in the last couple of years.
MPB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 27.65% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y7%
PM growth 5Y5.21%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MPB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MPB has been increased compared to 1 year ago.
The number of shares outstanding for MPB has been increased compared to 5 years ago.
MPB has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MPB is 1.79, which is an excellent value as it means it would take MPB, only 1.79 years of fcf income to pay off all of its debts.
MPB's Debt to FCF ratio of 1.79 is in line compared to the rest of the industry. MPB outperforms 53.67% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that MPB is not too dependend on debt financing.
The Debt to Equity ratio of MPB (0.11) is better than 67.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.79 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC19.7%
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 6.67% over the past year.
Measured over the past 5 years, MPB shows a small growth in Earnings Per Share. The EPS has been growing by 6.77% on average per year.
Looking at the last year, MPB shows a quite strong growth in Revenue. The Revenue has grown by 9.31% in the last year.
MPB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.72% yearly.
EPS 1Y (TTM)6.67%
EPS 3Y-0.9%
EPS 5Y6.77%
EPS Q2Q%-2.74%
Revenue 1Y (TTM)9.31%
Revenue growth 3Y11.26%
Revenue growth 5Y16.72%
Sales Q2Q%12.9%
3.2 Future
Based on estimates for the next years, MPB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.80% on average per year.
MPB is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 18.54% yearly.
EPS Next Y-13.73%
EPS Next 2Y8.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year23.53%
Revenue Next 2Y18.54%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.70 indicates a reasonable valuation of MPB.
Based on the Price/Earnings ratio, MPB is valued cheaply inside the industry as 80.51% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.86. MPB is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.14, which indicates a very decent valuation of MPB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPB indicates a somewhat cheap valuation: MPB is cheaper than 77.22% of the companies listed in the same industry.
MPB is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 8.14 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPB indicates a slightly more expensive valuation: MPB is more expensive than 67.09% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.92 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1.43
EPS Next 2Y8.8%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MPB has a Yearly Dividend Yield of 3.00%. Purely for dividend investing, there may be better candidates out there.
MPB's Dividend Yield is comparable with the industry average which is at 3.61.
Compared to an average S&P500 Dividend Yield of 2.43, MPB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
5.2 History
The dividend of MPB decreases each year by -0.45%.
MPB has paid a dividend for at least 10 years, which is a reliable track record.
MPB has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.45%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
MPB pays out 28.17% of its income as dividend. This is a sustainable payout ratio.
DP28.17%
EPS Next 2Y8.8%
EPS Next 3YN/A
27.93
+0.33 (+1.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners40.43%
Inst Owner Change-0.25%
Ins Owners3.26%
Ins Owner Change7.42%
Market Cap656.36M
Analysts83.33
Price Target35.7 (27.82%)
Short Float %1.59%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
Yearly Dividend0.77
Dividend Growth(5Y)-0.45%
DP28.17%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.93%
Min EPS beat(2)-0.06%
Max EPS beat(2)7.93%
EPS beat(4)3
Avg EPS beat(4)6.61%
Min EPS beat(4)-0.06%
Max EPS beat(4)15.87%
EPS beat(8)5
Avg EPS beat(8)7.16%
EPS beat(12)8
Avg EPS beat(12)5.29%
EPS beat(16)11
Avg EPS beat(16)11.2%
Revenue beat(2)2
Avg Revenue beat(2)1.74%
Min Revenue beat(2)1.66%
Max Revenue beat(2)1.82%
Revenue beat(4)4
Avg Revenue beat(4)2.13%
Min Revenue beat(4)0.87%
Max Revenue beat(4)4.17%
Revenue beat(8)7
Avg Revenue beat(8)1.14%
Revenue beat(12)9
Avg Revenue beat(12)0.74%
Revenue beat(16)13
Avg Revenue beat(16)2.48%
PT rev (1m)0%
PT rev (3m)-4.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-48.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-12.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.7 | ||
| Fwd PE | 8.14 | ||
| P/S | 3.56 | ||
| P/FCF | 15.92 | ||
| P/OCF | 13 | ||
| P/B | 0.98 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.88
EY10.31%
EPS(NY)3.43
Fwd EY12.29%
FCF(TTM)1.75
FCFY6.28%
OCF(TTM)2.15
OCFY7.7%
SpS7.86
BVpS28.42
TBVpS22.72
PEG (NY)N/A
PEG (5Y)1.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 7.64% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 27.65% | ||
| GM | N/A | ||
| FCFM | 22.33% |
ROA(3y)0.94%
ROA(5y)0.87%
ROE(3y)8.38%
ROE(5y)8.27%
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 3Y7%
PM growth 5Y5.21%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 1.79 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 137.13% | ||
| Cap/Sales | 5.03% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 80.76% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score7
WACC19.7%
ROIC/WACCN/A
Cap/Depr(3y)69.11%
Cap/Depr(5y)71.86%
Cap/Sales(3y)2.67%
Cap/Sales(5y)2.83%
Profit Quality(3y)107.72%
Profit Quality(5y)115.15%
High Growth Momentum
Growth
EPS 1Y (TTM)6.67%
EPS 3Y-0.9%
EPS 5Y6.77%
EPS Q2Q%-2.74%
EPS Next Y-13.73%
EPS Next 2Y8.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.31%
Revenue growth 3Y11.26%
Revenue growth 5Y16.72%
Sales Q2Q%12.9%
Revenue Next Year23.53%
Revenue Next 2Y18.54%
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-29.21%
FCF growth 3Y-10.68%
FCF growth 5Y62.37%
OCF growth 1Y-18.57%
OCF growth 3Y-7.96%
OCF growth 5Y45.69%