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FIRST MID BANCSHARES INC (FMBH) Stock Fundamental Analysis

NASDAQ:FMBH - Nasdaq - US3208661062 - Common Stock - Currency: USD

36.53  -0.15 (-0.41%)

After market: 36.53 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FMBH. FMBH was compared to 402 industry peers in the Banks industry. FMBH may be in some trouble as it scores bad on both profitability and health. FMBH has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FMBH was profitable.
In the past year FMBH had a positive cash flow from operations.
FMBH had positive earnings in each of the past 5 years.
FMBH had a positive operating cash flow in 4 of the past 5 years.
FMBH Yearly Net Income VS EBIT VS OCF VS FCFFMBH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

1.2 Ratios

FMBH has a Return On Assets of 1.03%. This is in the better half of the industry: FMBH outperforms 70.65% of its industry peers.
The Return On Equity of FMBH (9.06%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 1.03%
ROE 9.06%
ROIC N/A
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
ROIC(3y)N/A
ROIC(5y)N/A
FMBH Yearly ROA, ROE, ROICFMBH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

The Profit Margin of FMBH (24.39%) is comparable to the rest of the industry.
FMBH's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for FMBH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 24.39%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
FMBH Yearly Profit, Operating, Gross MarginsFMBH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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2

2. Health

2.1 Basic Checks

FMBH does not have a ROIC to compare to the WACC, probably because it is not profitable.
FMBH has more shares outstanding than it did 1 year ago.
FMBH has more shares outstanding than it did 5 years ago.
FMBH has a better debt/assets ratio than last year.
FMBH Yearly Shares OutstandingFMBH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
FMBH Yearly Total Debt VS Total AssetsFMBH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

FMBH has a debt to FCF ratio of 2.85. This is a good value and a sign of high solvency as FMBH would need 2.85 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.85, FMBH is in line with its industry, outperforming 46.52% of the companies in the same industry.
FMBH has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.37, FMBH is not doing good in the industry: 71.39% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.85
Altman-Z N/A
ROIC/WACCN/A
WACC10.53%
FMBH Yearly LT Debt VS Equity VS FCFFMBH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FMBH Yearly Current Assets VS Current LiabilitesFMBH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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5

3. Growth

3.1 Past

FMBH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.26%, which is quite good.
The Earnings Per Share has been growing slightly by 3.13% on average over the past years.
Looking at the last year, FMBH shows a quite strong growth in Revenue. The Revenue has grown by 15.97% in the last year.
The Revenue has been growing by 12.33% on average over the past years. This is quite good.
EPS 1Y (TTM)11.26%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%14.47%
Revenue 1Y (TTM)15.97%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%2.59%

3.2 Future

Based on estimates for the next years, FMBH will show a small growth in Earnings Per Share. The EPS will grow by 7.37% on average per year.
FMBH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y9.73%
EPS Next 2Y7.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.15%
Revenue Next 2Y4.34%
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 decreasing.
FMBH Yearly Revenue VS EstimatesFMBH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
FMBH Yearly EPS VS EstimatesFMBH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.87, the valuation of FMBH can be described as reasonable.
FMBH's Price/Earnings ratio is a bit cheaper when compared to the industry. FMBH is cheaper than 68.66% of the companies in the same industry.
When comparing the Price/Earnings ratio of FMBH to the average of the S&P500 Index (29.35), we can say FMBH is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.91, the valuation of FMBH can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FMBH indicates a somewhat cheap valuation: FMBH is cheaper than 66.67% of the companies listed in the same industry.
FMBH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.10.
Industry RankSector Rank
PE 10.87
Fwd PE 9.91
FMBH Price Earnings VS Forward Price EarningsFMBH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, FMBH is valued cheaply inside the industry as 80.60% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.91
EV/EBITDA N/A
FMBH Per share dataFMBH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

FMBH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.12
PEG (5Y)3.47
EPS Next 2Y7.37%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

FMBH has a Yearly Dividend Yield of 2.62%.
FMBH's Dividend Yield is slightly below the industry average, which is at 3.37.
FMBH's Dividend Yield is comparable with the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 2.62%

5.2 History

On average, the dividend of FMBH grows each year by 8.02%, which is quite nice.
FMBH has paid a dividend for at least 10 years, which is a reliable track record.
As FMBH did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)8.02%
Div Incr Years6
Div Non Decr Years6
FMBH Yearly Dividends per shareFMBH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

FMBH pays out 28.42% of its income as dividend. This is a sustainable payout ratio.
The dividend of FMBH is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.42%
EPS Next 2Y7.37%
EPS Next 3YN/A
FMBH Yearly Income VS Free CF VS DividendFMBH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
FMBH Dividend Payout.FMBH Dividend Payout, showing the Payout Ratio.FMBH Dividend Payout.PayoutRetained Earnings

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FIRST MID BANCSHARES INC

NASDAQ:FMBH (3/7/2025, 8:26:28 PM)

After market: 36.53 0 (0%)

36.53

-0.15 (-0.41%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-23 2025-01-23/bmo
Earnings (Next)04-22 2025-04-22/bmo
Inst Owners45.89%
Inst Owner Change2.62%
Ins Owners9.36%
Ins Owner Change1.6%
Market Cap875.99M
Analysts78.46
Price Target46.34 (26.85%)
Short Float %0.49%
Short Ratio1.71
Dividend
Industry RankSector Rank
Dividend Yield 2.62%
Yearly Dividend0.88
Dividend Growth(5Y)8.02%
DP28.42%
Div Incr Years6
Div Non Decr Years6
Ex-Date02-13 2025-02-13 (0.24)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.89%
Min EPS beat(2)-5.43%
Max EPS beat(2)1.65%
EPS beat(4)1
Avg EPS beat(4)-4%
Min EPS beat(4)-11.3%
Max EPS beat(4)1.65%
EPS beat(8)4
Avg EPS beat(8)-2.45%
EPS beat(12)6
Avg EPS beat(12)-1.93%
EPS beat(16)9
Avg EPS beat(16)4%
Revenue beat(2)0
Avg Revenue beat(2)-1.7%
Min Revenue beat(2)-3.38%
Max Revenue beat(2)-0.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.08%
Min Revenue beat(4)-3.38%
Max Revenue beat(4)0.12%
Revenue beat(8)3
Avg Revenue beat(8)1.82%
Revenue beat(12)7
Avg Revenue beat(12)12.54%
Revenue beat(16)11
Avg Revenue beat(16)19.99%
PT rev (1m)0%
PT rev (3m)-0.62%
EPS NQ rev (1m)0.35%
EPS NQ rev (3m)0.35%
EPS NY rev (1m)0.63%
EPS NY rev (3m)4.4%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.1%
Valuation
Industry RankSector Rank
PE 10.87
Fwd PE 9.91
P/S 2.75
P/FCF 7.91
P/OCF 7.62
P/B 1.02
P/tB 1.48
EV/EBITDA N/A
EPS(TTM)3.36
EY9.2%
EPS(NY)3.69
Fwd EY10.09%
FCF(TTM)4.62
FCFY12.63%
OCF(TTM)4.8
OCFY13.13%
SpS13.3
BVpS35.8
TBVpS24.74
PEG (NY)1.12
PEG (5Y)3.47
Profitability
Industry RankSector Rank
ROA 1.03%
ROE 9.06%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.39%
GM N/A
FCFM 34.7%
ROA(3y)1.01%
ROA(5y)0.97%
ROE(3y)9.85%
ROE(5y)9.13%
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 3Y3.85%
PM growth 5Y-1.64%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.85
Debt/EBITDA N/A
Cap/Depr 21.02%
Cap/Sales 1.36%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 142.26%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC10.53%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.26%
EPS 3Y-1.26%
EPS 5Y3.13%
EPS Q2Q%14.47%
EPS Next Y9.73%
EPS Next 2Y7.37%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.97%
Revenue growth 3Y11.01%
Revenue growth 5Y12.33%
Sales Q2Q%2.59%
Revenue Next Year4.15%
Revenue Next 2Y4.34%
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 1Y117.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y108.59%
OCF growth 3YN/A
OCF growth 5YN/A