MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
66.63 USD
+0.84 (+1.28%)
MAIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. While MAIN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. MAIN does not seem to be growing, but still is valued expensively.
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.
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 10.15%, MAIN belongs to the best of the industry, outperforming 89.03% of the companies in the same industry.
MAIN has a Return On Equity of 18.61%. This is amongst the best in the industry. MAIN outperforms 85.23% of its industry peers.
With a decent Return On Invested Capital value of 5.50%, MAIN is doing good in the industry, outperforming 69.20% 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 below the industry average of 7.61%.
The 3 year average ROIC (5.48%) for MAIN is below the current ROIC(5.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.15% | ||
| ROE | 18.61% | ||
| ROIC | 5.5% |
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 has a better Profit Margin (96.16%) than 99.16% of its industry peers.
MAIN's Profit Margin has improved in the last couple of years.
MAIN has a Operating Margin of 64.75%. This is amongst the best in the industry. MAIN outperforms 97.05% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 76.50%, MAIN belongs to the best of the industry, outperforming 82.28% 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 | 64.75% | ||
| PM (TTM) | 96.16% | ||
| GM | 76.5% |
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
Compared to 1 year ago, MAIN has a worse debt to assets ratio.
2.2 Solvency
MAIN has an Altman-Z score of 1.94. 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.
With a decent Altman-Z score value of 1.94, MAIN is doing good in the industry, outperforming 70.89% of the companies in the same industry.
The Debt to FCF ratio of MAIN is 7.39, which is on the high side as it means it would take MAIN, 7.39 years of fcf income to pay off all of its debts.
MAIN has a Debt to FCF ratio of 7.39. This is comparable to the rest of the industry: MAIN outperforms 58.65% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that MAIN is somewhat dependend on debt financing.
MAIN has a Debt to Equity ratio of 0.77. This is comparable to the rest of the industry: MAIN outperforms 59.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 7.39 | ||
| Altman-Z | 1.94 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MAIN has a Current Ratio of 1.86. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.86, MAIN is doing good in the industry, outperforming 69.20% of the companies in the same industry.
MAIN has a Quick Ratio of 1.86. This is a normal value and indicates that MAIN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.86, MAIN is doing good in the industry, outperforming 69.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
The earnings per share for MAIN have decreased by -2.43% in the last year.
MAIN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.20% yearly.
MAIN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.14%.
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)-2.43%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-1.98%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%8.94%
3.2 Future
Based on estimates for the next years, MAIN will show a decrease in Earnings Per Share. The EPS will decrease by -2.22% 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 Y1.05%
EPS Next 2Y0.06%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue Next Year3.89%
Revenue Next 2Y3.68%
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 16.57, which indicates a correct valuation of MAIN.
Compared to the rest of the industry, the Price/Earnings ratio of MAIN is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.20, MAIN is valued a bit cheaper.
The Price/Forward Earnings ratio is 16.31, which indicates a correct valuation of MAIN.
The rest of the industry has a similar Price/Forward Earnings ratio as MAIN.
The average S&P500 Price/Forward Earnings ratio is at 22.70. MAIN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.57 | ||
| Fwd PE | 16.31 |
4.2 Price Multiples
MAIN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.86 | ||
| EV/EBITDA | N/A |
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.
MAIN's earnings are expected to decrease with -2.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)15.79
PEG (5Y)1.62
EPS Next 2Y0.06%
EPS Next 3Y-2.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.56%, MAIN is a good candidate for dividend investing.
MAIN's Dividend Yield is comparable with the industry average which is at 7.96.
Compared to an average S&P500 Dividend Yield of 2.38, MAIN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
5.2 History
On average, the dividend of MAIN grows each year by 7.16%, which is quite nice.
MAIN has paid a dividend for at least 10 years, which is 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
61.74% of the earnings are spent on dividend by MAIN. 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.
DP61.74%
EPS Next 2Y0.06%
EPS Next 3Y-2.22%
NYSE:MAIN (9/18/2025, 10:13:49 AM)
66.63
+0.84 (+1.28%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners22.87%
Inst Owner Change-18.79%
Ins Owners1.61%
Ins Owner Change-3.18%
Market Cap5.96B
Analysts73.33
Price Target63.24 (-5.09%)
Short Float %5.76%
Short Ratio9.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
Yearly Dividend3.7
Dividend Growth(5Y)7.16%
DP61.74%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.56%
Min EPS beat(2)-1.58%
Max EPS beat(2)-1.55%
EPS beat(4)0
Avg EPS beat(4)-2.58%
Min EPS beat(4)-3.91%
Max EPS beat(4)-1.55%
EPS beat(8)1
Avg EPS beat(8)-1.74%
EPS beat(12)5
Avg EPS beat(12)0.68%
EPS beat(16)9
Avg EPS beat(16)2.3%
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)2.86%
Revenue beat(4)1
Avg Revenue beat(4)-1.36%
Min Revenue beat(4)-3.15%
Max Revenue beat(4)2.86%
Revenue beat(8)3
Avg Revenue beat(8)-0.92%
Revenue beat(12)7
Avg Revenue beat(12)1.06%
Revenue beat(16)10
Avg Revenue beat(16)2.04%
PT rev (1m)10.22%
PT rev (3m)16.98%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)1.06%
EPS NY rev (1m)2.23%
EPS NY rev (3m)2.47%
Revenue NQ rev (1m)0.98%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)2.33%
Revenue NY rev (3m)2.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.57 | ||
| Fwd PE | 16.31 | ||
| P/S | 10.67 | ||
| P/FCF | 19.86 | ||
| P/OCF | 19.86 | ||
| P/B | 2.07 | ||
| P/tB | 2.07 | ||
| EV/EBITDA | N/A |
EPS(TTM)4.02
EY6.03%
EPS(NY)4.08
Fwd EY6.13%
FCF(TTM)3.35
FCFY5.03%
OCF(TTM)3.35
OCFY5.03%
SpS6.24
BVpS32.25
TBVpS32.25
PEG (NY)15.79
PEG (5Y)1.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.15% | ||
| ROE | 18.61% | ||
| ROCE | 6.96% | ||
| ROIC | 5.5% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 5.59% | ||
| OM | 64.75% | ||
| PM (TTM) | 96.16% | ||
| GM | 76.5% | ||
| FCFM | 53.74% |
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%
ROICexcg growth 3Y12.2%
ROICexcg 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 | 0.77 | ||
| Debt/FCF | 7.39 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 2.81 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 55.88% | ||
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.86 | ||
| Altman-Z | 1.94 |
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)-2.43%
EPS 3Y15.62%
EPS 5Y10.2%
EPS Q2Q%-1.98%
EPS Next Y1.05%
EPS Next 2Y0.06%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue 1Y (TTM)8.14%
Revenue growth 3Y23.25%
Revenue growth 5Y17.32%
Sales Q2Q%8.94%
Revenue Next Year3.89%
Revenue Next 2Y3.68%
Revenue Next 3Y-3.72%
Revenue Next 5YN/A
EBIT growth 1Y3.54%
EBIT growth 3Y24.79%
EBIT growth 5Y17.67%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y287.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y287.74%
OCF growth 3YN/A
OCF growth 5YN/A