MIDLAND STATES BANCORP INC (MSBI)
US5977421057 - Common Stock
Taking everything into account, MSBI scores 4 out of 10 in our fundamental rating. MSBI was compared to 412 industry peers in the Banks industry. The financial health of MSBI is average, but there are quite some concerns on its profitability. MSBI is valued correctly, but it does not seem to be growing. MSBI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MSBI had positive earnings in the past year.
MSBI had a positive operating cash flow in the past year.
Each year in the past 5 years MSBI has been profitable.
In the past 5 years MSBI always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 0.83%, MSBI perfoms like the industry average, outperforming 47.93% of the companies in the same industry.
With a Return On Equity value of 8.29%, MSBI perfoms like the industry average, outperforming 42.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 8.29% | ||
| ROIC | N/A |
ROA(3y)1.04%
ROA(5y)0.87%
ROE(3y)10.97%
ROE(5y)8.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MSBI's Profit Margin of 21.69% is on the low side compared to the rest of the industry. MSBI is outperformed by 60.58% of its industry peers.
In the last couple of years the Profit Margin of MSBI has grown nicely.
MSBI 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) | 21.69% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y36.3%
PM growth 5Y6.98%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MSBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MSBI has been reduced compared to 1 year ago.
The number of shares outstanding for MSBI has been reduced compared to 5 years ago.
MSBI has a better debt/assets ratio than last year.
2.2 Solvency
MSBI has a debt to FCF ratio of 1.23. This is a very positive value and a sign of high solvency as it would only need 1.23 years to pay back of all of its debts.
MSBI has a better Debt to FCF ratio (1.23) than 71.53% of its industry peers.
A Debt/Equity ratio of 0.23 indicates that MSBI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.23, MSBI is in line with its industry, outperforming 52.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 1.23 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC15.86%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for MSBI have decreased strongly by -29.08% in the last year.
MSBI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.39% yearly.
MSBI shows a decrease in Revenue. In the last year, the revenue decreased by -7.07%.
MSBI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.74% yearly.
EPS 1Y (TTM)-29.08%
EPS 3Y25.44%
EPS 5Y4.39%
EPS growth Q2Q-35.38%
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y5.15%
Revenue growth 5Y3.74%
Revenue growth Q2Q-26.12%
3.2 Future
The Earnings Per Share is expected to grow by 2.56% on average over the next years.
Based on estimates for the next years, MSBI will show a small growth in Revenue. The Revenue will grow by 0.47% on average per year.
EPS Next Y0.05%
EPS Next 2Y2.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.91%
Revenue Next 2Y0.47%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.45 indicates a rather cheap valuation of MSBI.
Compared to the rest of the industry, the Price/Earnings ratio of MSBI indicates a somewhat cheap valuation: MSBI is cheaper than 72.51% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of MSBI to the average of the S&P500 Index (24.84), we can say MSBI is valued rather cheaply.
MSBI is valuated cheaply with a Price/Forward Earnings ratio of 7.45.
Based on the Price/Forward Earnings ratio, MSBI is valued cheaply inside the industry as 80.78% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.35, MSBI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.45 | ||
| Fwd PE | 7.45 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MSBI is valued cheaper than 93.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.35 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)153.99
PEG (5Y)1.7
EPS Next 2Y2.56%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MSBI has a Yearly Dividend Yield of 5.16%, which is a nice return.
Compared to an average industry Dividend Yield of 3.83, MSBI pays a better dividend. On top of this MSBI pays more dividend than 81.27% of the companies listed in the same industry.
MSBI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
5.2 History
On average, the dividend of MSBI grows each year by 11.38%, which is quite nice.
MSBI has been paying a dividend for over 5 years, so it has already some track record.
MSBI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.38%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
54.06% of the earnings are spent on dividend by MSBI. This is a bit on the high side, but may be sustainable.
The dividend of MSBI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP54.06%
EPS Next 2Y2.56%
EPS Next 3YN/A
MIDLAND STATES BANCORP INC
NASDAQ:MSBI (4/26/2024, 7:05:00 PM)
After market: 22.36 0 (0%)22.36
-1.68 (-6.99%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap488.57M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
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)
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Min EPS beat(4)
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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)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.45 | ||
| Fwd PE | 7.45 | ||
| 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)153.99
PEG (5Y)1.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.83% | ||
| ROE | 8.29% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 21.69% | ||
| 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| 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)-29.08%
EPS 3Y25.44%
EPS 5Y
EPS growth Q2Q
EPS Next Y0.05%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-7.07%
Revenue growth 3Y5.15%
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