MAIN STREET CAPITAL CORP (MAIN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MAIN - US56035L1044 - Common Stock
59.98 USD
+0.63 (+1.06%)
59.98 USD
0 (0%)
Overall MAIN gets a fundamental rating of 5 out of 10. We evaluated MAIN against 238 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MAIN was profitable.
MAIN had a positive operating cash flow in the past year.
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
The Return On Assets of MAIN (10.16%) is better than 88.66% of its industry peers.
MAIN has a Return On Equity of 18.28%. This is amongst the best in the industry. MAIN outperforms 84.87% of its industry peers.
MAIN has a better Return On Invested Capital (5.54%) than 72.27% 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 6.95%.
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 96.64% of its industry peers.
In the last couple of years the Profit Margin of MAIN has grown nicely.
Looking at the Operating Margin, with a value of 64.67%, MAIN belongs to the top of the industry, outperforming 97.48% of the companies in the same industry.
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 83.19% of the companies in the same industry.
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
MAIN has more shares outstanding than it did 1 year ago.
MAIN has more shares outstanding than it did 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 1.82. 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 (1.82) than 67.65% 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's Debt to FCF ratio of 6.77 is fine compared to the rest of the industry. MAIN outperforms 66.39% 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.
The Debt to Equity ratio of MAIN (0.73) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.77 | ||
| Altman-Z | 1.82 |
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.
MAIN has a Current ratio of 1.17. This is comparable to the rest of the industry: MAIN outperforms 56.72% of its industry peers.
MAIN has a Quick 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.
MAIN's Quick ratio of 1.17 is in line compared to the rest of the industry. MAIN outperforms 57.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for MAIN have decreased by -3.39% in the last year.
The Earnings Per Share has been growing by 10.20% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to decrease by -0.76% on average over the next years.
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
A Price/Earnings ratio of 15.03 indicates a correct valuation of MAIN.
The rest of the industry has a similar Price/Earnings ratio as MAIN.
When comparing the Price/Earnings ratio of MAIN to the average of the S&P500 Index (26.37), we can say MAIN is valued slightly cheaper.
With a Price/Forward Earnings ratio of 15.00, MAIN is valued correctly.
MAIN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.20. MAIN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 15 |
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 60.92% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.92 | ||
| 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)1.47
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.41%, MAIN is a good candidate for dividend investing.
MAIN's Dividend Yield is comparable with the industry average which is at 8.39.
MAIN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
5.2 History
The dividend of MAIN is nicely growing with an annual growth rate of 7.16%!
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 62.65% 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.
DP62.65%
EPS Next 2Y-1.01%
EPS Next 3Y-0.76%
59.98
+0.63 (+1.06%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners23.95%
Inst Owner Change16.52%
Ins Owners1.59%
Ins Owner Change-1.59%
Market Cap5.37B
Revenue(TTM)561.29M
Net Income(TTM)536.52M
Analysts72.31
Price Target61.88 (3.17%)
Short Float %6.89%
Short Ratio10.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
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)-0.03%
EPS NQ rev (3m)-0.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.56%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.03 | ||
| Fwd PE | 15 | ||
| P/S | 9.57 | ||
| P/FCF | 16.92 | ||
| P/OCF | 16.92 | ||
| P/B | 1.83 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.99
EY6.65%
EPS(NY)4
Fwd EY6.67%
FCF(TTM)3.55
FCFY5.91%
OCF(TTM)3.55
OCFY5.91%
SpS6.27
BVpS32.76
TBVpS32.76
PEG (NY)N/A
PEG (5Y)1.47
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 | 1.82 |
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 15.03 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 62.65%.