MERCHANTS BANCORP/IN (MBIN)
US58844R1086 - Common Stock
Overall MBIN gets a fundamental rating of 3 out of 10. We evaluated MBIN against 100 industry peers in the Financial Services industry. MBIN has a bad profitability rating. Also its financial health evaluation is rather negative. MBIN is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
MBIN had positive earnings in the past year.
In the past year MBIN has reported a negative cash flow from operations.
Each year in the past 5 years MBIN has been profitable.
In the past 5 years MBIN reported 4 times negative operating cash flow.
1.2 Ratios
With a Return On Assets value of 1.57%, MBIN perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.19%, MBIN is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 15.19% | ||
| ROIC | N/A |
ROA(3y)1.6%
ROA(5y)1.52%
ROE(3y)15.17%
ROE(5y)15.28%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MBIN has a Profit Margin of 44.84%. This is amongst the best in the industry. MBIN outperforms 87.00% of its industry peers.
MBIN's Profit Margin has been stable in the last couple of years.
MBIN does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 44.84% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-2.73%
PM growth 5Y0.37%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MBIN does not have a ROIC to compare to the WACC, probably because it is not profitable.
MBIN has more shares outstanding than it did 1 year ago.
The number of shares outstanding for MBIN has been increased compared to 5 years ago.
Compared to 1 year ago, MBIN has a worse debt to assets ratio.
2.2 Solvency
MBIN has a Debt/Equity ratio of 0.61. This is a neutral value indicating MBIN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.61, MBIN is in line with its industry, outperforming 53.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC23.51%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MBIN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.60%, which is quite good.
The Earnings Per Share has been growing by 32.39% on average over the past years. This is a very strong growth
The Revenue has grown by 21.71% in the past year. This is a very strong growth!
MBIN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 32.16% yearly.
EPS 1Y (TTM)16.6%
EPS 3Y13.54%
EPS 5Y32.39%
EPS Q2Q%-30.36%
Revenue 1Y (TTM)21.71%
Revenue growth 3Y16.97%
Revenue growth 5Y32.16%
Sales Q2Q%-4.57%
3.2 Future
MBIN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.31% yearly.
MBIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.31% yearly.
EPS Next Y4.28%
EPS Next 2Y0.3%
EPS Next 3Y1.31%
EPS Next 5YN/A
Revenue Next Year19.06%
Revenue Next 2Y11.33%
Revenue Next 3Y8.31%
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 6.52 indicates a rather cheap valuation of MBIN.
Based on the Price/Earnings ratio, MBIN is valued cheaper than 90.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of MBIN to the average of the S&P500 Index (28.96), we can say MBIN is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 6.94, the valuation of MBIN can be described as very cheap.
Based on the Price/Forward Earnings ratio, MBIN is valued cheaply inside the industry as 86.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, MBIN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.52 | ||
| Fwd PE | 6.94 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MBIN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.52
PEG (5Y)0.2
EPS Next 2Y0.3%
EPS Next 3Y1.31%
5. Dividend
5.1 Amount
With a yearly dividend of 0.89%, MBIN is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.55, MBIN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.23, MBIN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
5.2 History
The dividend of MBIN is nicely growing with an annual growth rate of 25.83%!
MBIN has been paying a dividend for over 5 years, so it has already some track record.
MBIN has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)25.83%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
MBIN pays out 16.98% of its income as dividend. This is a sustainable payout ratio.
MBIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP16.98%
EPS Next 2Y0.3%
EPS Next 3Y1.31%
MERCHANTS BANCORP/IN
NASDAQ:MBIN (11/21/2024, 8:00:01 PM)
After market: 39.4 0 (0%)39.4
+1.21 (+3.17%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.80B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.52 | ||
| Fwd PE | 6.94 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.52
PEG (5Y)0.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.57% | ||
| ROE | 15.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 44.84% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)16.6%
EPS 3Y13.54%
EPS 5Y
EPS Q2Q%
EPS Next Y4.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.71%
Revenue growth 3Y16.97%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y