MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - NYSE:MAIN - US56035L1044 - Common Stock
58.9 USD
-0.24 (-0.41%)
58.71 USD
-0.19 (-0.32%)
Overall MAIN gets a fundamental rating of 5 out of 10. We evaluated MAIN against 237 industry peers in the Capital Markets industry. MAIN has an excellent profitability rating, but there are some minor concerns on its financial health. MAIN has a valuation in line with the averages, 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.
MAIN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
MAIN has a Return On Assets of 10.15%. This is amongst the best in the industry. MAIN outperforms 88.19% of its industry peers.
MAIN has a better Return On Equity (18.61%) than 85.23% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.50%, MAIN is in the better half of the industry, outperforming 71.31% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MAIN is in line with the industry average of 7.47%.
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
Looking at the Profit Margin, with a value of 96.16%, MAIN belongs to the top of the industry, outperforming 97.05% of the companies in the same industry.
In the last couple of years the Profit Margin of MAIN has grown nicely.
The Operating Margin of MAIN (64.75%) is better than 97.47% of its industry peers.
MAIN's Operating Margin has been stable in the last couple of years.
MAIN has a better Gross Margin (76.50%) than 83.12% of its industry peers.
MAIN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.75% | ||
| 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.
The number of shares outstanding for MAIN has been increased compared to 5 years ago.
MAIN has a worse debt/assets ratio than last year.
2.2 Solvency
MAIN has an Altman-Z score of 1.79. 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 1.79. This is in the better half of the industry: MAIN outperforms 67.51% of its industry peers.
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.
The Debt to FCF ratio of MAIN (7.39) is better than 60.76% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that MAIN is somewhat dependend on debt financing.
MAIN's Debt to Equity ratio of 0.77 is in line compared to the rest of the industry. MAIN outperforms 57.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 7.39 | ||
| Altman-Z | 1.79 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.86 indicates that MAIN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.86, MAIN is in the better half of the industry, outperforming 70.04% of the companies in the same industry.
A Quick Ratio of 1.86 indicates that MAIN should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.86, MAIN is doing good in the industry, outperforming 70.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.86 |
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%.
Measured over the past years, MAIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.20% on average per year.
MAIN shows a small growth in Revenue. In the last year, the Revenue has grown by 5.92%.
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)-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.
The Revenue is expected to decrease by -3.72% on average over the next years.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.76, the valuation of MAIN can be described as correct.
MAIN's Price/Earnings is on the same level as the industry average.
MAIN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 14.73, 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.
When comparing the Price/Forward Earnings ratio of MAIN to the average of the S&P500 Index (34.57), we can say MAIN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.76 | ||
| Fwd PE | 14.73 |
4.2 Price Multiples
MAIN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.56 | ||
| 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)1.45
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.27%, MAIN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.40, 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 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
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
MAIN pays out 61.74% of its income as dividend. 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.
DP61.74%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
58.9
-0.24 (-0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.95%
Inst Owner Change-0.72%
Ins Owners1.59%
Ins Owner Change-1.49%
Market Cap5.27B
Revenue(TTM)561.29M
Net Income(TTM)536.85M
Analysts72.31
Price Target62.56 (6.21%)
Short Float %5.99%
Short Ratio8.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.27% |
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)-1.08%
PT rev (3m)9.04%
EPS NQ rev (1m)-0.58%
EPS NQ rev (3m)-0.04%
EPS NY rev (1m)-0.92%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)-0.44%
Revenue NQ rev (3m)1.49%
Revenue NY rev (1m)-0.14%
Revenue NY rev (3m)2.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.76 | ||
| Fwd PE | 14.73 | ||
| P/S | 9.44 | ||
| P/FCF | 17.56 | ||
| P/OCF | 17.56 | ||
| P/B | 1.83 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.77%
EPS(NY)4
Fwd EY6.79%
FCF(TTM)3.35
FCFY5.7%
OCF(TTM)3.35
OCFY5.7%
SpS6.24
BVpS32.25
TBVpS32.25
PEG (NY)N/A
PEG (5Y)1.45
Graham Number53.81
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%
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 | 0.77 | ||
| 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 | 1.79 |
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 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
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 14.76 and the Price/Book (PB) ratio is 1.83.
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 61.74%.