MERCHANTS BANCORP/IN (MBIN) Stock Fundamental Analysis
NASDAQ:MBIN - Nasdaq - US58844R1086 - Common Stock - Currency: USD
Overall MBIN gets a fundamental rating of 4 out of 10. We evaluated MBIN against 101 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.
MBIN had a negative operating cash flow in the past year.
In the past 5 years MBIN has always been profitable.
MBIN had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
MBIN has a Return On Assets (1.43%) which is in line with its industry peers.
With a decent Return On Equity value of 13.80%, MBIN is doing good in the industry, outperforming 62.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 13.8% | ||
| 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
The Profit Margin of MBIN (42.08%) is better than 86.14% of its industry peers.
MBIN's Profit Margin has been stable in the last couple of years.
The Operating Margin and Gross Margin are not available for MBIN so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 42.08% | ||
| 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.
The number of shares outstanding for MBIN has been increased compared to 1 year ago.
MBIN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MBIN has a worse debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 0.10 indicates that MBIN is not too dependend on debt financing.
MBIN has a Debt to Equity ratio of 0.10. This is in the better half of the industry: MBIN outperforms 78.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC23.63%
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.
MBIN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.39% yearly.
MBIN shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.71%.
Measured over the past years, MBIN shows a very strong growth in Revenue. The Revenue has been growing by 32.16% on average per year.
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
The Earnings Per Share is expected to grow by 2.22% on average over the next years.
MBIN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.72% yearly.
EPS Next Y4.53%
EPS Next 2Y-1.17%
EPS Next 3Y2.22%
EPS Next 5YN/A
Revenue Next Year19.1%
Revenue Next 2Y10.86%
Revenue Next 3Y9.72%
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.
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 6.48, which indicates a rather cheap valuation of MBIN.
Based on the Price/Earnings ratio, MBIN is valued cheaply inside the industry as 88.12% of the companies are valued more expensively.
MBIN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.64.
The Price/Forward Earnings ratio is 7.11, which indicates a rather cheap valuation of MBIN.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MBIN indicates a rather cheap valuation: MBIN is cheaper than 84.16% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MBIN to the average of the S&P500 Index (24.51), we can say MBIN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 7.11 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.43
PEG (5Y)0.2
EPS Next 2Y-1.17%
EPS Next 3Y2.22%
5. Dividend
5.1 Amount
MBIN has a yearly dividend return of 0.95%, which is pretty low.
Compared to an average industry Dividend Yield of 3.66, MBIN pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.95, MBIN pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
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.
As MBIN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)25.83%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
18.11% of the earnings are spent on dividend by MBIN. This is a low number and sustainable payout ratio.
The dividend of MBIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP18.11%
EPS Next 2Y-1.17%
EPS Next 3Y2.22%
MERCHANTS BANCORP/IN
NASDAQ:MBIN (1/23/2025, 9:17:24 PM)
After market: 39.14 0 (0%)39.14
-0.3 (-0.76%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)
Earnings (Next)
Inst Owners32.84%
Inst Owner Change0.26%
Ins Owners37.33%
Ins Owner Change1.8%
Market Cap1.79B
Analysts80
Price Target53.55 (36.82%)
Short Float %2.25%
Short Ratio3.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend1.12
Dividend Growth(5Y)25.83%
DP18.11%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.11%
Min EPS beat(2)-19.45%
Max EPS beat(2)-6.78%
EPS beat(4)2
Avg EPS beat(4)2.67%
Min EPS beat(4)-19.45%
Max EPS beat(4)29.24%
EPS beat(8)5
Avg EPS beat(8)4.47%
EPS beat(12)7
Avg EPS beat(12)5.36%
EPS beat(16)10
Avg EPS beat(16)9.12%
Revenue beat(2)0
Avg Revenue beat(2)-7.56%
Min Revenue beat(2)-12.42%
Max Revenue beat(2)-2.71%
Revenue beat(4)2
Avg Revenue beat(4)0.92%
Min Revenue beat(4)-12.42%
Max Revenue beat(4)14.21%
Revenue beat(8)5
Avg Revenue beat(8)2.49%
Revenue beat(12)7
Avg Revenue beat(12)3.71%
Revenue beat(16)10
Avg Revenue beat(16)6.06%
PT rev (1m)0%
PT rev (3m)-6.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 7.11 | ||
| P/S | 2.82 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.92 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | N/A |
EPS(TTM)6.04
EY15.43%
EPS(NY)5.51
Fwd EY14.07%
FCF(TTM)-2.78
FCFYN/A
OCF(TTM)-2.42
OCFYN/A
SpS13.89
BVpS42.38
TBVpS38.33
PEG (NY)1.43
PEG (5Y)0.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.43% | ||
| ROE | 13.8% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 42.08% | ||
| GM | N/A | ||
| FCFM | 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score5
Asset Turnover0.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 541.85% | ||
| Cap/Sales | 2.55% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC23.63%
ROIC/WACCN/A
Cap/Depr(3y)261.72%
Cap/Depr(5y)523.49%
Cap/Sales(3y)1.39%
Cap/Sales(5y)2.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.6%
EPS 3Y13.54%
EPS 5Y32.39%
EPS Q2Q%-30.36%
EPS Next Y4.53%
EPS Next 2Y-1.17%
EPS Next 3Y2.22%
EPS Next 5YN/A
Revenue 1Y (TTM)21.71%
Revenue growth 3Y16.97%
Revenue growth 5Y32.16%
Sales Q2Q%-4.57%
Revenue Next Year19.1%
Revenue Next 2Y10.86%
Revenue Next 3Y9.72%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-105.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-105.11%
OCF growth 3YN/A
OCF growth 5YN/A