MAIN STREET CAPITAL CORP (MAIN)
US56035L1044 - Common Stock
We assign a fundamental rating of 4 out of 10 to MAIN. MAIN was compared to 219 industry peers in the Capital Markets industry. MAIN has an excellent profitability rating, but there are concerns on its financial health. MAIN has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
MAIN had positive earnings in the past year.
In the past year MAIN has reported a negative cash flow from operations.
MAIN had positive earnings in each of the past 5 years.
In the past 5 years MAIN reported 4 times negative operating cash flow.
1.2 Ratios
The Return On Assets of MAIN (9.28%) is better than 85.98% of its industry peers.
With an excellent Return On Equity value of 17.57%, MAIN belongs to the best of the industry, outperforming 82.71% of the companies in the same industry.
MAIN has a better Return On Invested Capital (5.63%) than 69.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MAIN is in line with the industry average of 6.63%.
The 3 year average ROIC (4.94%) for MAIN is below the current ROIC(5.63%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.28% | ||
| ROE | 17.57% | ||
| ROIC | 5.63% |
ROA(3y)8.1%
ROA(5y)6.03%
ROE(3y)15.75%
ROE(5y)11.52%
ROIC(3y)4.94%
ROIC(5y)4.7%
1.3 Margins
The Profit Margin of MAIN (89.25%) is better than 97.20% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
MAIN's Operating Margin of 66.97% is amongst the best of the industry. MAIN outperforms 98.60% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
MAIN has a Gross Margin of 78.52%. This is amongst the best in the industry. MAIN outperforms 82.71% of its industry peers.
In the last couple of years the Gross Margin of MAIN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.97% | ||
| PM (TTM) | 89.25% | ||
| GM | 78.52% |
OM growth 3Y3.03%
OM growth 5Y0.19%
PM growth 3Y86.46%
PM growth 5Y3.51%
GM growth 3Y0.76%
GM growth 5Y-0.46%
2. Health
2.1 Basic Checks
MAIN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MAIN has more shares outstanding
MAIN has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.71, we must say that MAIN is in the distress zone and has some risk of bankruptcy.
MAIN's Altman-Z score of 1.71 is fine compared to the rest of the industry. MAIN outperforms 69.63% of its industry peers.
MAIN has a Debt/Equity ratio of 0.82. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
MAIN has a Debt to Equity ratio of 0.82. This is comparable to the rest of the industry: MAIN outperforms 58.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.71 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MAIN has a Current Ratio of 1.53. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.53, MAIN is doing good in the industry, outperforming 62.62% of the companies in the same industry.
MAIN has a Quick Ratio of 1.53. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
MAIN has a Quick ratio of 1.53. This is in the better half of the industry: MAIN outperforms 62.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.53 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.98% over the past year.
Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.67% on average per year.
The Revenue has grown by 9.26% in the past year. This is quite good.
MAIN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.48% yearly.
EPS 1Y (TTM)1.98%
EPS 3Y25.39%
EPS 5Y9.67%
EPS Q2Q%1.01%
Revenue 1Y (TTM)9.26%
Revenue growth 3Y31%
Revenue growth 5Y16.48%
Sales Q2Q%11.03%
3.2 Future
The Earnings Per Share is expected to decrease by -1.49% on average over the next years.
MAIN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.12% yearly.
EPS Next Y1.11%
EPS Next 2Y-1.45%
EPS Next 3Y-1.49%
EPS Next 5YN/A
Revenue Next Year9.21%
Revenue Next 2Y7.2%
Revenue Next 3Y-7.12%
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 14.35 indicates a correct valuation of MAIN.
MAIN's Price/Earnings ratio is in line with the industry average.
MAIN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.17.
A Price/Forward Earnings ratio of 14.74 indicates a correct valuation of MAIN.
MAIN's Price/Forward Earnings ratio is in line with the industry average.
MAIN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 14.74 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| 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.
MAIN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)12.89
PEG (5Y)1.48
EPS Next 2Y-1.45%
EPS Next 3Y-1.49%
5. Dividend
5.1 Amount
MAIN has a Yearly Dividend Yield of 5.20%, which is a nice return.
Compared to an average industry Dividend Yield of 9.54, MAIN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.30, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
5.2 History
The dividend of MAIN has a limited annual growth rate of 5.04%.
MAIN has paid a dividend for at least 10 years, which is a reliable track record.
MAIN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.04%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
MAIN pays out 66.14% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of MAIN has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP66.14%
EPS Next 2Y-1.45%
EPS Next 3Y-1.49%
MAIN STREET CAPITAL CORP
NYSE:MAIN (1/2/2025, 5:05:18 PM)
After market: 59.26 0 (0%)59.26
+0.68 (+1.16%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners20.75%
Inst Owner Change9.2%
Ins Owners1.79%
Ins Owner Change-0.15%
Market Cap5.23B
Analysts73.33
Price Target50.59 (-14.63%)
Short Float %4.21%
Short Ratio8.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.2% |
Dividend Growth(5Y)5.04%
DP66.14%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.12%
Min EPS beat(2)-3.91%
Max EPS beat(2)-2.33%
EPS beat(4)1
Avg EPS beat(4)-1.24%
Min EPS beat(4)-3.91%
Max EPS beat(4)1.56%
EPS beat(8)4
Avg EPS beat(8)1.01%
EPS beat(12)8
Avg EPS beat(12)2.54%
EPS beat(16)12
Avg EPS beat(16)4.23%
Revenue beat(2)0
Avg Revenue beat(2)-2.16%
Min Revenue beat(2)-3.15%
Max Revenue beat(2)-1.17%
Revenue beat(4)2
Avg Revenue beat(4)-0.66%
Min Revenue beat(4)-3.15%
Max Revenue beat(4)0.87%
Revenue beat(8)5
Avg Revenue beat(8)0.62%
Revenue beat(12)8
Avg Revenue beat(12)2.01%
Revenue beat(16)12
Avg Revenue beat(16)3.69%
PT rev (1m)0%
PT rev (3m)1.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.35 | ||
| Fwd PE | 14.74 | ||
| P/S | 9.86 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.94 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.13
EY6.97%
EPS(NY)4.02
Fwd EY6.78%
FCF(TTM)-0.89
FCFYN/A
OCF(TTM)-0.89
OCFYN/A
SpS6.01
BVpS30.53
TBVpS30.53
PEG (NY)12.89
PEG (5Y)1.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.28% | ||
| ROE | 17.57% | ||
| ROCE | 7.12% | ||
| ROIC | 5.63% | ||
| ROICexc | 5.72% | ||
| ROICexgc | 5.72% | ||
| OM | 66.97% | ||
| PM (TTM) | 89.25% | ||
| GM | 78.52% | ||
| FCFM | N/A |
ROA(3y)8.1%
ROA(5y)6.03%
ROE(3y)15.75%
ROE(5y)11.52%
ROIC(3y)4.94%
ROIC(5y)4.7%
ROICexc(3y)5%
ROICexc(5y)4.76%
ROICexgc(3y)5%
ROICexgc(5y)4.76%
ROCE(3y)6.25%
ROCE(5y)5.94%
ROICexcg growth 3Y15.64%
ROICexcg growth 5Y4.24%
ROICexc growth 3Y15.64%
ROICexc growth 5Y4.24%
OM growth 3Y3.03%
OM growth 5Y0.19%
PM growth 3Y86.46%
PM growth 5Y3.51%
GM growth 3Y0.76%
GM growth 5Y-0.46%
F-Score3
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.25 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.53 | ||
| Quick Ratio | 1.53 | ||
| Altman-Z | 1.71 |
F-Score3
WACCN/A
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)1.98%
EPS 3Y25.39%
EPS 5Y9.67%
EPS Q2Q%1.01%
EPS Next Y1.11%
EPS Next 2Y-1.45%
EPS Next 3Y-1.49%
EPS Next 5YN/A
Revenue 1Y (TTM)9.26%
Revenue growth 3Y31%
Revenue growth 5Y16.48%
Sales Q2Q%11.03%
Revenue Next Year9.21%
Revenue Next 2Y7.2%
Revenue Next 3Y-7.12%
Revenue Next 5YN/A
EBIT growth 1Y9.25%
EBIT growth 3Y34.96%
EBIT growth 5Y16.7%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y87.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y87.22%
OCF growth 3YN/A
OCF growth 5YN/A