MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
57.69 USD
+0.52 (+0.91%)
Taking everything into account, MAIN scores 5 out of 10 in our fundamental rating. MAIN was compared to 237 industry peers in the Capital Markets industry. MAIN scores excellent on profitability, but there are concerns on its financial health. MAIN is valued correctly, but it does not seem to be growing.
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.
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
The Return On Assets of MAIN (10.16%) is better than 88.61% of its industry peers.
The Return On Equity of MAIN (18.28%) is better than 84.81% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.54%, MAIN is in the better half of the industry, outperforming 72.15% of the companies in the same industry.
MAIN had an Average Return On Invested Capital over the past 3 years of 5.48%. This is in line with the industry average of 6.96%.
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 96.62% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a Operating Margin of 64.67%. This is amongst the best in the industry. MAIN outperforms 97.47% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
MAIN's Gross Margin of 76.81% is amongst the best of the industry. MAIN outperforms 83.12% 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
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.
2.2 Solvency
MAIN has an Altman-Z score of 1.78. 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 1.78. This is in the better half of the industry: MAIN outperforms 67.93% 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.
The Debt to FCF ratio of MAIN (6.77) is better than 65.82% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that 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 56.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.78 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.17 indicates that MAIN should not have too much problems paying its short term obligations.
MAIN has a Current ratio of 1.17. This is comparable to the rest of the industry: MAIN outperforms 56.96% 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's Quick ratio of 1.17 is in line compared to the rest of the industry. MAIN outperforms 57.81% 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%.
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 -0.76% on average per year.
MAIN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.72% yearly.
EPS Next Y-0.52%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
EPS Next 5YN/A
Revenue Next Year3.74%
Revenue Next 2Y3.58%
Revenue Next 3Y-3.72%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
The Price/Earnings ratio is 14.46, which indicates a correct valuation of MAIN.
The rest of the industry has a similar Price/Earnings ratio as MAIN.
The average S&P500 Price/Earnings ratio is at 26.15. MAIN is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.43, MAIN is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MAIN is on the same level as its industry peers.
MAIN's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 14.43 |
4.2 Price Multiples
MAIN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MAIN is cheaper than 61.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.24 | ||
| 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)1.42
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.62%, MAIN is a good candidate for dividend investing.
MAIN's Dividend Yield is comparable with the industry average which is at 8.59.
Compared to an average S&P500 Dividend Yield of 2.41, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.62% |
5.2 History
The dividend of MAIN is nicely growing with an annual growth rate of 7.16%!
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
62.65% 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.
DP62.65%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
NYSE:MAIN (11/26/2025, 8:04:00 PM)
57.69
+0.52 (+0.91%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.95%
Inst Owner Change16.56%
Ins Owners1.59%
Ins Owner Change-1.59%
Market Cap5.16B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.31
Price Target61.88 (7.26%)
Short Float %6.32%
Short Ratio8.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.62% |
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)-2.15%
PT rev (3m)-0.14%
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)-1.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.46 | ||
| Fwd PE | 14.43 | ||
| P/S | 9.19 | ||
| P/FCF | 16.24 | ||
| P/OCF | 16.24 | ||
| P/B | 1.76 | ||
| P/tB | 1.76 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.92%
EPS(NY)4
Fwd EY6.93%
FCF(TTM)3.55
FCFY6.16%
OCF(TTM)3.55
OCFY6.16%
SpS6.28
BVpS32.81
TBVpS32.81
PEG (NY)N/A
PEG (5Y)1.42
Graham Number54.28
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 | 1.78 |
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-0.52%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
EPS Next 5YN/A
Revenue 1Y (TTM)5.92%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%34.26%
Revenue Next Year3.74%
Revenue Next 2Y3.58%
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.
Can you provide the valuation status for MAIN STREET CAPITAL CORP?
ChartMill assigns a valuation rating of 4 / 10 to MAIN STREET CAPITAL CORP (MAIN). This can be considered as Fairly Valued.
What is the profitability of MAIN stock?
MAIN STREET CAPITAL CORP (MAIN) has a profitability rating of 8 / 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 14.46 and the Price/Book (PB) ratio is 1.76.
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%.