MAIN STREET CAPITAL CORP (MAIN)
US56035L1044 - Common Stock
Taking everything into account, MAIN scores 5 out of 10 in our fundamental rating. MAIN was compared to 218 industry peers in the Capital Markets industry. While MAIN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MAIN has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MAIN was profitable.
In the past year MAIN has reported a negative cash flow from operations.
Each year in the past 5 years MAIN has been profitable.
In the past 5 years MAIN reported 4 times negative operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 9.12%, MAIN belongs to the best of the industry, outperforming 84.58% of the companies in the same industry.
MAIN has a better Return On Equity (17.53%) than 82.71% of its industry peers.
MAIN has a better Return On Invested Capital (5.68%) than 69.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MAIN is significantly below the industry average of 17.78%.
The 3 year average ROIC (4.94%) for MAIN is below the current ROIC(5.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 17.53% | ||
| ROIC | 5.68% |
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
Looking at the Profit Margin, with a value of 87.59%, MAIN belongs to the top of the industry, outperforming 96.26% of the companies in the same industry.
MAIN's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 67.69%, MAIN belongs to the best of the industry, outperforming 97.66% of the companies in the same industry.
MAIN's Operating Margin has been stable in the last couple of years.
MAIN has a Gross Margin of 79.32%. This is amongst the best in the industry. MAIN outperforms 81.31% of its industry peers.
MAIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 67.69% | ||
| PM (TTM) | 87.59% | ||
| GM | 79.32% |
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
The number of shares outstanding for MAIN has been increased compared to 1 year ago.
The number of shares outstanding for MAIN has been increased compared to 5 years ago.
Compared to 1 year ago, MAIN has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.56, we must say that MAIN is in the distress zone and has some risk of bankruptcy.
MAIN's Altman-Z score of 1.56 is fine compared to the rest of the industry. MAIN outperforms 66.36% of its industry peers.
A Debt/Equity ratio of 0.85 indicates that MAIN is somewhat dependend on debt financing.
MAIN has a Debt to Equity ratio of 0.85. This is comparable to the rest of the industry: MAIN outperforms 56.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.14 indicates that MAIN has no problem at all paying its short term obligations.
MAIN's Current ratio of 2.14 is fine compared to the rest of the industry. MAIN outperforms 71.50% of its industry peers.
A Quick Ratio of 2.14 indicates that MAIN has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.14, MAIN is doing good in the industry, outperforming 71.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.91% over the past year.
The Earnings Per Share has been growing by 9.67% on average over the past years. This is quite good.
The Revenue has grown by 12.18% 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)5.91%
EPS 3Y25.39%
EPS 5Y9.67%
EPS Q2Q%-4.72%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y31%
Revenue growth 5Y16.48%
Sales Q2Q%3.58%
3.2 Future
The Earnings Per Share is expected to decrease by -2.60% 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 Y1.59%
EPS Next 2Y-1.22%
EPS Next 3Y-2.6%
EPS Next 5YN/A
Revenue Next Year10.09%
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
MAIN is valuated correctly with a Price/Earnings ratio of 12.52.
Based on the Price/Earnings ratio, MAIN is valued a bit cheaper than the industry average as 61.68% of the companies are valued more expensively.
MAIN is valuated cheaply when we compare the Price/Earnings ratio to 30.69, which is the current average of the S&P500 Index.
MAIN is valuated correctly with a Price/Forward Earnings ratio of 12.77.
MAIN's Price/Forward Earnings is on the same level as the industry average.
MAIN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.55, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.52 | ||
| Fwd PE | 12.77 |
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.
The decent profitability rating of MAIN may justify a higher PE ratio.
MAIN's earnings are expected to decrease with -2.60% in the coming years. This may justify a cheaper valuation.
PEG (NY)7.88
PEG (5Y)1.29
EPS Next 2Y-1.22%
EPS Next 3Y-2.6%
5. Dividend
5.1 Amount
MAIN has a Yearly Dividend Yield of 5.68%, which is a nice return.
Compared to an average industry Dividend Yield of 8.69, MAIN has a dividend in line with its industry peers.
MAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
5.2 History
The dividend of MAIN has a limited annual growth rate of 5.04%.
MAIN has been paying a dividend for at least 10 years, so it has 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
67.12% of the earnings are spent on dividend by MAIN. 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.
DP67.12%
EPS Next 2Y-1.22%
EPS Next 3Y-2.6%
MAIN STREET CAPITAL CORP
NYSE:MAIN (10/30/2024, 8:19:07 PM)
After market: 51.54 -0.03 (-0.06%)51.57
+0.23 (+0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.49B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 12.52 | ||
| Fwd PE | 12.77 | ||
| 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)7.88
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.12% | ||
| ROE | 17.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 67.69% | ||
| PM (TTM) | 87.59% | ||
| GM | 79.32% | ||
| 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 Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)5.91%
EPS 3Y25.39%
EPS 5Y
EPS Q2Q%
EPS Next Y1.59%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.18%
Revenue growth 3Y31%
Revenue growth 5Y
Sales 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