MAIN STREET CAPITAL CORP (MAIN) Fundamental Analysis & Valuation

NYSE:MAIN • US56035L1044

Current stock price

54.6 USD
-0.05 (-0.09%)
Last:

This MAIN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. MAIN Profitability Analysis

1.1 Basic Checks

  • In the past year MAIN was profitable.
  • In the past year MAIN has reported a negative 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.
MAIN Yearly Net Income VS EBIT VS OCF VS FCFMAIN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

1.2 Ratios

  • MAIN has a better Return On Assets (8.68%) than 80.42% of its industry peers.
  • With a decent Return On Equity value of 16.48%, MAIN is doing good in the industry, outperforming 76.25% of the companies in the same industry.
  • MAIN has a Return On Invested Capital of 5.21%. This is in the better half of the industry: MAIN outperforms 67.50% of its industry peers.
  • MAIN had an Average Return On Invested Capital over the past 3 years of 5.66%. This is in line with the industry average of 7.28%.
Industry RankSector Rank
ROA 8.68%
ROE 16.48%
ROIC 5.21%
ROA(3y)9.42%
ROA(5y)8.58%
ROE(3y)17.31%
ROE(5y)16.38%
ROIC(3y)5.66%
ROIC(5y)5.13%
MAIN Yearly ROA, ROE, ROICMAIN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 87.11%, MAIN belongs to the best of the industry, outperforming 95.83% 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 64.75%, MAIN belongs to the best of the industry, outperforming 98.33% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 77.40%, MAIN belongs to the top of the industry, outperforming 83.75% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MAIN has remained more or less at the same level.
Industry RankSector Rank
OM 64.75%
PM (TTM) 87.11%
GM 77.4%
OM growth 3Y-0.17%
OM growth 5Y0.89%
PM growth 3Y10.77%
PM growth 5Y45.83%
GM growth 3Y-0.77%
GM growth 5Y-0.08%
MAIN Yearly Profit, Operating, Gross MarginsMAIN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. MAIN Health Analysis

2.1 Basic Checks

  • MAIN has more shares outstanding than it did 1 year ago.
  • MAIN has more shares outstanding than it did 5 years ago.
  • MAIN has a worse debt/assets ratio than last year.
MAIN Yearly Shares OutstandingMAIN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
MAIN Yearly Total Debt VS Total AssetsMAIN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • MAIN has an Altman-Z score of 1.55. This is a bad value and indicates that MAIN is not financially healthy and even has some risk of bankruptcy.
  • MAIN has a Altman-Z score of 1.55. This is in the better half of the industry: MAIN outperforms 65.42% 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.
  • With a Debt to Equity ratio value of 0.82, MAIN perfoms like the industry average, outperforming 59.17% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Altman-Z 1.55
ROIC/WACCN/A
WACCN/A
MAIN Yearly LT Debt VS Equity VS FCFMAIN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

  • MAIN has a Current Ratio of 1.24. 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 Current ratio of 1.24. This is comparable to the rest of the industry: MAIN outperforms 52.92% of its industry peers.
  • A Quick Ratio of 1.24 indicates that MAIN should not have too much problems paying its short term obligations.
  • MAIN has a Quick ratio of 1.24. This is comparable to the rest of the industry: MAIN outperforms 56.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.24
Quick Ratio 1.24
MAIN Yearly Current Assets VS Current LiabilitesMAIN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MAIN Growth Analysis

3.1 Past

  • The earnings per share for MAIN have decreased by -1.47% in the last year.
  • The Earnings Per Share has been growing by 13.87% 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 4.69%.
  • MAIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.54% yearly.
EPS 1Y (TTM)-1.47%
EPS 3Y6.91%
EPS 5Y13.87%
EPS Q2Q%2.94%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y14.54%
Revenue growth 5Y20.54%
Sales Q2Q%3.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.79% on average over the next years.
  • Based on estimates for the next years, MAIN will show a small growth in Revenue. The Revenue will grow by 4.94% on average per year.
EPS Next Y3.27%
EPS Next 2Y1.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.75%
Revenue Next 2Y4.94%
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.
MAIN Yearly Revenue VS EstimatesMAIN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
MAIN Yearly EPS VS EstimatesMAIN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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3

4. MAIN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.58, which indicates a correct valuation of MAIN.
  • MAIN's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 27.50, MAIN is valued rather cheaply.
  • A Price/Forward Earnings ratio of 13.15 indicates a correct valuation of MAIN.
  • MAIN's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.62. MAIN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.58
Fwd PE 13.15
MAIN Price Earnings VS Forward Price EarningsMAIN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MAIN Per share dataMAIN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MAIN does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of MAIN may justify a higher PE ratio.
PEG (NY)4.16
PEG (5Y)0.98
EPS Next 2Y1.79%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MAIN Dividend Analysis

5.1 Amount

  • MAIN has a Yearly Dividend Yield of 5.84%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.46, 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 1.81.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

  • On average, the dividend of MAIN grows each year by 11.69%, 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 past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.69%
Div Incr Years5
Div Non Decr Years5
MAIN Yearly Dividends per shareMAIN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • MAIN pays out 68.76% of its income as dividend. This is not a sustainable payout ratio.
  • MAIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP68.76%
EPS Next 2Y1.79%
EPS Next 3YN/A
MAIN Yearly Income VS Free CF VS DividendMAIN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M
MAIN Dividend Payout.MAIN Dividend Payout, showing the Payout Ratio.MAIN Dividend Payout.PayoutRetained Earnings

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MAIN Fundamentals: All Metrics, Ratios and Statistics

MAIN STREET CAPITAL CORP

NYSE:MAIN (4/23/2026, 12:37:59 PM)

54.6

-0.05 (-0.09%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)05-07
Inst Owners23.95%
Inst Owner Change1.2%
Ins Owners1.75%
Ins Owner Change3.85%
Market Cap4.92B
Revenue(TTM)566.39M
Net Income(TTM)493.40M
Analysts72.86
Price Target64.84 (18.75%)
Short Float %9.55%
Short Ratio10.25
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend3.81
Dividend Growth(5Y)11.69%
DP68.76%
Div Incr Years5
Div Non Decr Years5
Ex-Date06-08
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.71%
Min EPS beat(2)-2.92%
Max EPS beat(2)4.33%
EPS beat(4)1
Avg EPS beat(4)-0.43%
Min EPS beat(4)-2.92%
Max EPS beat(4)4.33%
EPS beat(8)1
Avg EPS beat(8)-1.44%
EPS beat(12)4
Avg EPS beat(12)-0.48%
EPS beat(16)8
Avg EPS beat(16)0.96%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-1.99%
Max Revenue beat(2)0.9%
Revenue beat(4)2
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-2.19%
Max Revenue beat(4)2.86%
Revenue beat(8)3
Avg Revenue beat(8)-0.86%
Revenue beat(12)6
Avg Revenue beat(12)-0.2%
Revenue beat(16)9
Avg Revenue beat(16)0.62%
PT rev (1m)0.23%
PT rev (3m)2.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.36%
EPS NY rev (1m)2.67%
EPS NY rev (3m)4.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.12%
Valuation
Industry RankSector Rank
PE 13.58
Fwd PE 13.15
P/S 8.69
P/FCF N/A
P/OCF N/A
P/B 1.64
P/tB 1.64
EV/EBITDA N/A
EPS(TTM)4.02
EY7.36%
EPS(NY)4.15
Fwd EY7.6%
FCF(TTM)-0.51
FCFYN/A
OCF(TTM)-0.51
OCFYN/A
SpS6.29
BVpS33.23
TBVpS33.23
PEG (NY)4.16
PEG (5Y)0.98
Graham Number54.8227 (0.41%)
Profitability
Industry RankSector Rank
ROA 8.68%
ROE 16.48%
ROCE 6.6%
ROIC 5.21%
ROICexc 5.25%
ROICexgc 5.25%
OM 64.75%
PM (TTM) 87.11%
GM 77.4%
FCFM N/A
ROA(3y)9.42%
ROA(5y)8.58%
ROE(3y)17.31%
ROE(5y)16.38%
ROIC(3y)5.66%
ROIC(5y)5.13%
ROICexc(3y)5.73%
ROICexc(5y)5.19%
ROICexgc(3y)5.73%
ROICexgc(5y)5.19%
ROCE(3y)7.16%
ROCE(5y)6.49%
ROICexgc growth 3Y3.62%
ROICexgc growth 5Y5.36%
ROICexc growth 3Y3.62%
ROICexc growth 5Y5.36%
OM growth 3Y-0.17%
OM growth 5Y0.89%
PM growth 3Y10.77%
PM growth 5Y45.83%
GM growth 3Y-0.77%
GM growth 5Y-0.08%
F-Score2
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 3.2
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.24
Quick Ratio 1.24
Altman-Z 1.55
F-Score2
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)-1.47%
EPS 3Y6.91%
EPS 5Y13.87%
EPS Q2Q%2.94%
EPS Next Y3.27%
EPS Next 2Y1.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.69%
Revenue growth 3Y14.54%
Revenue growth 5Y20.54%
Sales Q2Q%3.63%
Revenue Next Year4.75%
Revenue Next 2Y4.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.26%
EBIT growth 3Y14.35%
EBIT growth 5Y21.61%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y47.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y47.54%
OCF growth 3YN/A
OCF growth 5YN/A

MAIN STREET CAPITAL CORP / MAIN Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MAIN STREET CAPITAL CORP?

ChartMill assigns a fundamental rating of 4 / 10 to MAIN.


What is the valuation status of MAIN STREET CAPITAL CORP (MAIN) stock?

ChartMill assigns a valuation rating of 3 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Overvalued.


How profitable is MAIN STREET CAPITAL CORP (MAIN) stock?

MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 7 / 10.


What is the valuation of MAIN STREET CAPITAL CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MAIN STREET CAPITAL CORP (MAIN) is 13.58 and the Price/Book (PB) ratio is 1.64.


What is the financial health of MAIN STREET CAPITAL CORP (MAIN) stock?

The financial health rating of MAIN STREET CAPITAL CORP (MAIN) is 2 / 10.