MAIN STREET CAPITAL CORP (MAIN) Fundamental Analysis & Valuation

NYSE:MAIN • US56035L1044

Current stock price

54.89 USD
+0.23 (+0.42%)
At close:
54.717 USD
-0.17 (-0.32%)
After Hours:

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

  • MAIN had positive earnings in the past year.
  • MAIN had a negative operating cash flow in the past year.
  • Each year in the past 5 years MAIN has been profitable.
  • 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

  • Looking at the Return On Assets, with a value of 8.68%, MAIN belongs to the top of the industry, outperforming 80.99% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 16.48%, MAIN is in the better half of the industry, outperforming 77.69% of the companies in the same industry.
  • The Return On Invested Capital of MAIN (5.21%) is better than 69.83% 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 7.06%.
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

  • The Profit Margin of MAIN (87.11%) is better than 95.04% of its industry peers.
  • MAIN's Profit Margin has improved in the last couple of years.
  • The Operating Margin of MAIN (64.75%) is better than 98.35% of its industry peers.
  • In the last couple of years the Operating Margin of MAIN has remained more or less at the same level.
  • With an excellent Gross Margin value of 77.40%, MAIN belongs to the best of the industry, outperforming 84.30% of the companies in the same industry.
  • MAIN's Gross Margin has been stable in the last couple of years.
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

  • Compared to 1 year ago, MAIN has more shares outstanding
  • Compared to 5 years ago, MAIN has more shares outstanding
  • The debt/assets ratio for MAIN is higher compared to a year ago.
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

  • Based on the Altman-Z score of 1.55, we must say that MAIN is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 1.55, MAIN is doing good in the industry, outperforming 65.29% of the companies in the same industry.
  • MAIN has a Debt/Equity ratio of 0.82. This is a neutral value indicating MAIN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.82, MAIN is in line with its industry, outperforming 58.68% 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.
  • The Current ratio of MAIN (1.24) is comparable to the rest of the industry.
  • 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 (1.24) which is comparable to the rest of the industry.
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.
  • Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.87% on average per year.
  • Looking at the last year, MAIN shows a small growth in Revenue. The Revenue has grown by 4.69% in the last year.
  • Measured over the past years, MAIN shows a very strong growth in Revenue. The Revenue has been growing by 20.54% on average per year.
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

  • MAIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 2.62% yearly.
  • Based on estimates for the next years, MAIN will show a small growth in Revenue. The Revenue will grow by 4.05% on average per year.
EPS Next Y0.58%
EPS Next 2Y2.62%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.78%
Revenue Next 2Y4.05%
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 13.65, which indicates a correct valuation of MAIN.
  • 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 (25.70), we can say MAIN is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 13.58, the valuation of MAIN can be described as correct.
  • MAIN's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. MAIN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.65
Fwd PE 13.58
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 an expensive valuation of the company.
  • The decent profitability rating of MAIN may justify a higher PE ratio.
PEG (NY)23.58
PEG (5Y)0.98
EPS Next 2Y2.62%
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 5.35%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.65, 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 1.82.
Industry RankSector Rank
Dividend Yield 5.35%

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 last 3 years.
Dividend Growth(5Y)11.69%
Div Incr Years4
Div Non Decr Years4
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 2Y2.62%
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 (3/13/2026, 8:04:00 PM)

After market: 54.717 -0.17 (-0.32%)

54.89

+0.23 (+0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-26
Earnings (Next)05-01
Inst Owners23.43%
Inst Owner Change9.44%
Ins Owners1.59%
Ins Owner Change0%
Market Cap4.95B
Revenue(TTM)566.39M
Net Income(TTM)493.40M
Analysts72.86
Price Target64.7 (17.87%)
Short Float %7.67%
Short Ratio10.99
Dividend
Industry RankSector Rank
Dividend Yield 5.35%
Yearly Dividend3.81
Dividend Growth(5Y)11.69%
DP68.76%
Div Incr Years4
Div Non Decr Years4
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%
PT rev (3m)4.55%
EPS NQ rev (1m)1.58%
EPS NQ rev (3m)1.79%
EPS NY rev (1m)1.51%
EPS NY rev (3m)1.77%
Revenue NQ rev (1m)1.19%
Revenue NQ rev (3m)1.19%
Revenue NY rev (1m)0.96%
Revenue NY rev (3m)1.18%
Valuation
Industry RankSector Rank
PE 13.65
Fwd PE 13.58
P/S 8.73
P/FCF N/A
P/OCF N/A
P/B 1.65
P/tB 1.65
EV/EBITDA N/A
EPS(TTM)4.02
EY7.32%
EPS(NY)4.04
Fwd EY7.37%
FCF(TTM)-0.51
FCFYN/A
OCF(TTM)-0.51
OCFYN/A
SpS6.29
BVpS33.23
TBVpS33.23
PEG (NY)23.58
PEG (5Y)0.98
Graham Number54.82
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 Y0.58%
EPS Next 2Y2.62%
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 Year2.78%
Revenue Next 2Y4.05%
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.


Can you provide the profitability details for MAIN STREET CAPITAL CORP?

MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 7 / 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 grow by 0.58% 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 68.76%.