MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
60.69 USD
-0.5 (-0.82%)
61.15 USD
+0.46 (+0.76%)
Overall MAIN gets a fundamental rating of 5 out of 10. We evaluated MAIN against 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
MAIN had positive earnings in the past year.
In the past year MAIN had a positive cash flow from operations.
In the past 5 years MAIN has always been profitable.
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's Return On Equity of 18.28% is amongst the best of the industry. MAIN outperforms 84.26% of its industry peers.
MAIN has a better Return On Invested Capital (5.54%) than 71.49% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MAIN is in line with the industry average of 7.17%.
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
MAIN's Profit Margin of 95.59% is amongst the best of the industry. MAIN outperforms 96.60% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
The Operating Margin of MAIN (64.67%) is better than 97.45% of its industry peers.
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 76.81%, MAIN belongs to the top of the industry, outperforming 83.83% 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 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.
The number of shares outstanding for MAIN has been increased compared to 5 years ago.
Compared to 1 year ago, MAIN has a worse debt to assets ratio.
2.2 Solvency
MAIN has an Altman-Z score of 1.87. This is not the best score and indicates that MAIN is in the grey zone with still only limited risk for bankruptcy at the moment.
MAIN has a better Altman-Z score (1.87) than 69.36% of its industry peers.
MAIN has a debt to FCF ratio of 6.77. This is a slightly negative value and a sign of low solvency as MAIN would need 6.77 years to pay back of all of its debts.
MAIN has a better Debt to FCF ratio (6.77) than 65.53% 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 of 0.73. This is comparable to the rest of the industry: MAIN outperforms 58.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.87 |
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.
The Current ratio of MAIN (1.17) is comparable to the rest of the industry.
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 56.17% 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%.
MAIN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.20% yearly.
Looking at the last year, MAIN shows a small growth in Revenue. The Revenue has grown by 5.92% in the last year.
MAIN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.32% yearly.
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
Based on estimates for the next years, MAIN will show a decrease in Earnings Per Share. The EPS will decrease by -0.63% on average per year.
Based on estimates for the next years, MAIN will show a decrease in Revenue. The Revenue will decrease by -3.72% on average per year.
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 15.21, the valuation of MAIN can be described as correct.
MAIN's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.25, MAIN is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 15.26, the valuation of MAIN can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MAIN is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, MAIN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.21 | ||
| Fwd PE | 15.26 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAIN indicates a somewhat cheap valuation: MAIN is cheaper than 63.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.12 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The excellent profitability rating of MAIN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.49
EPS Next 2Y-1.28%
EPS Next 3Y-0.63%
5. Dividend
5.1 Amount
MAIN has a Yearly Dividend Yield of 5.02%, which is a nice return.
MAIN's Dividend Yield is comparable with the industry average which is at 6.19.
MAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| 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%
60.69
-0.5 (-0.82%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.77%
Inst Owner Change-1.23%
Ins Owners1.59%
Ins Owner Change-0.45%
Market Cap5.44B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.86
Price Target63.09 (3.95%)
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 | 15.21 | ||
| Fwd PE | 15.26 | ||
| P/S | 9.69 | ||
| P/FCF | 17.12 | ||
| P/OCF | 17.12 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.57%
EPS(NY)3.98
Fwd EY6.55%
FCF(TTM)3.55
FCFY5.84%
OCF(TTM)3.55
OCFY5.84%
SpS6.27
BVpS32.76
TBVpS32.76
PEG (NY)N/A
PEG (5Y)1.49
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 | 1.87 |
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%.