MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
61.19 USD
-1.01 (-1.62%)
61.55 USD
+0.36 (+0.59%)
Taking everything into account, MAIN scores 5 out of 10 in our fundamental rating. MAIN was compared to 235 industry peers in the Capital Markets industry. While MAIN has a great profitability rating, there are some minor concerns on its financial health. MAIN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MAIN was profitable.
In the past year MAIN had a positive cash flow from operations.
MAIN had positive earnings in each of the past 5 years.
MAIN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 10.16%, MAIN belongs to the best of the industry, outperforming 87.66% of the companies in the same industry.
MAIN has a Return On Equity of 18.28%. This is amongst the best in the industry. MAIN outperforms 84.26% of its industry peers.
With a decent Return On Invested Capital value of 5.54%, MAIN is doing good in the industry, outperforming 71.06% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for MAIN is in line with the industry average of 7.14%.
The last Return On Invested Capital (5.54%) for MAIN is above the 3 year average (5.48%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 18.28% | ||
| ROIC | 5.54% |
ROA(3y)8.42%
ROA(5y)7.06%
ROE(3y)15.64%
ROE(5y)13.47%
ROIC(3y)5.48%
ROIC(5y)4.88%
1.3 Margins
The Profit Margin of MAIN (95.59%) is better than 96.60% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a better Operating Margin (64.67%) than 97.45% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
MAIN has a Gross Margin of 76.81%. This is amongst the best in the industry. MAIN outperforms 83.40% of its industry peers.
MAIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.67% | ||
| PM (TTM) | 95.59% | ||
| GM | 76.81% |
OM growth 3Y1.25%
OM growth 5Y0.3%
PM growth 3Y-6.38%
PM growth 5Y12.02%
GM growth 3Y-1.04%
GM growth 5Y-0.55%
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 worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.89 indicates that MAIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
MAIN has a better Altman-Z score (1.89) than 68.94% of its industry peers.
The Debt to FCF ratio of MAIN is 6.77, which is on the high side as it means it would take MAIN, 6.77 years of fcf income to pay off all of its debts.
MAIN's Debt to FCF ratio of 6.77 is fine compared to the rest of the industry. MAIN outperforms 65.11% of its industry peers.
MAIN has a Debt/Equity ratio of 0.73. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
MAIN has a Debt to Equity ratio (0.73) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.89 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MAIN has a Current Ratio of 1.17. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
MAIN's Current ratio of 1.17 is in line compared to the rest of the industry. MAIN outperforms 54.89% of its industry peers.
A Quick Ratio of 1.17 indicates that MAIN should not have too much problems paying its short term obligations.
MAIN has a Quick ratio of 1.17. This is comparable to the rest of the industry: MAIN outperforms 55.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
MAIN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.39%.
The Earnings Per Share has been growing by 10.20% on average over the past years. This is quite good.
MAIN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.92%.
Measured over the past years, MAIN shows a quite strong growth in Revenue. The Revenue has been growing by 17.32% on average per year.
EPS 1Y (TTM)-3.39%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-3%
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
3.2 Future
MAIN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.63% yearly.
The Revenue is expected to decrease by -3.72% on average over the next years.
EPS Next Y-1.5%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
EPS Next 5YN/A
Revenue Next Year3.18%
Revenue Next 2Y2.71%
Revenue Next 3Y-3.72%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.34, the valuation of MAIN can be described as correct.
MAIN's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of MAIN to the average of the S&P500 Index (27.19), we can say MAIN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.39, MAIN is valued correctly.
MAIN's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of MAIN to the average of the S&P500 Index (23.88), we can say MAIN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.34 | ||
| Fwd PE | 15.39 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MAIN is valued a bit cheaper than the industry average as 63.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.26 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MAIN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.5
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.02%, MAIN is a good candidate for dividend investing.
MAIN's Dividend Yield is comparable with the industry average which is at 6.39.
Compared to an average S&P500 Dividend Yield of 1.94, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
5.2 History
On average, the dividend of MAIN grows each year by 7.16%, which is quite nice.
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)7.16%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
MAIN pays out 62.65% of its income as dividend. This is not a sustainable payout ratio.
MAIN's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP62.65%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
61.19
-1.01 (-1.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.77%
Inst Owner Change0%
Ins Owners1.59%
Ins Owner Change-0.45%
Market Cap5.48B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.86
Price Target63.09 (3.11%)
Short Float %7.07%
Short Ratio11.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
Yearly Dividend3.7
Dividend Growth(5Y)7.16%
DP62.65%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.25%
Min EPS beat(2)-2.92%
Max EPS beat(2)-1.58%
EPS beat(4)0
Avg EPS beat(4)-2.33%
Min EPS beat(4)-3.29%
Max EPS beat(4)-1.55%
EPS beat(8)1
Avg EPS beat(8)-1.79%
EPS beat(12)4
Avg EPS beat(12)-0.1%
EPS beat(16)8
Avg EPS beat(16)1.32%
Revenue beat(2)2
Avg Revenue beat(2)15.81%
Min Revenue beat(2)2.86%
Max Revenue beat(2)28.76%
Revenue beat(4)2
Avg Revenue beat(4)6.62%
Min Revenue beat(4)-2.97%
Max Revenue beat(4)28.76%
Revenue beat(8)4
Avg Revenue beat(8)2.98%
Revenue beat(12)7
Avg Revenue beat(12)2.62%
Revenue beat(16)10
Avg Revenue beat(16)3.16%
PT rev (1m)1.96%
PT rev (3m)-0.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.8%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.34 | ||
| Fwd PE | 15.39 | ||
| P/S | 9.77 | ||
| P/FCF | 17.26 | ||
| P/OCF | 17.26 | ||
| P/B | 1.87 | ||
| P/tB | 1.87 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.52%
EPS(NY)3.98
Fwd EY6.5%
FCF(TTM)3.55
FCFY5.79%
OCF(TTM)3.55
OCFY5.79%
SpS6.27
BVpS32.76
TBVpS32.76
PEG (NY)N/A
PEG (5Y)1.5
Graham Number54.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.16% | ||
| ROE | 18.28% | ||
| ROCE | 7.01% | ||
| ROIC | 5.54% | ||
| ROICexc | 5.57% | ||
| ROICexgc | 5.57% | ||
| OM | 64.67% | ||
| PM (TTM) | 95.59% | ||
| GM | 76.81% | ||
| FCFM | 56.59% |
ROA(3y)8.42%
ROA(5y)7.06%
ROE(3y)15.64%
ROE(5y)13.47%
ROIC(3y)5.48%
ROIC(5y)4.88%
ROICexc(3y)5.55%
ROICexc(5y)4.95%
ROICexgc(3y)5.55%
ROICexgc(5y)4.95%
ROCE(3y)6.93%
ROCE(5y)6.18%
ROICexgc growth 3Y12.2%
ROICexgc growth 5Y3.63%
ROICexc growth 3Y12.2%
ROICexc growth 5Y3.63%
OM growth 3Y1.25%
OM growth 5Y0.3%
PM growth 3Y-6.38%
PM growth 5Y12.02%
GM growth 3Y-1.04%
GM growth 5Y-0.55%
F-Score5
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.9 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 59.2% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.89 |
F-Score5
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)-3.39%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-3%
EPS Next Y-1.5%
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
EPS Next 5YN/A
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
Revenue Next Year3.18%
Revenue Next 2Y2.71%
Revenue Next 3Y-3.72%
Revenue Next 5YN/A
EBIT growth 1Y2.27%
EBIT growth 3Y24.79%
EBIT growth 5Y17.67%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y123.69%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y123.69%
OCF growth 3YN/A
OCF growth 5YN/A
MAIN STREET CAPITAL CORP / MAIN FAQ
Can you provide the ChartMill fundamental rating for MAIN STREET CAPITAL CORP?
ChartMill assigns a fundamental rating of 5 / 10 to MAIN.
What is the valuation status of MAIN STREET CAPITAL CORP (MAIN) stock?
ChartMill assigns a valuation rating of 4 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Fairly Valued.
Can you provide the profitability details for MAIN STREET CAPITAL CORP?
MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 8 / 10.
Can you provide the expected EPS growth for MAIN stock?
The Earnings per Share (EPS) of MAIN STREET CAPITAL CORP (MAIN) is expected to decline by -1.5% in the next year.
Can you provide the dividend sustainability for MAIN stock?
The dividend rating of MAIN STREET CAPITAL CORP (MAIN) is 6 / 10 and the dividend payout ratio is 62.65%.