MERCHANTS BANCORP - MBIN 6 PERP(NASDAQ:MBINN) stock Fundamental Analysis

Fundamental Rating

Overall MBINN gets a fundamental rating of 3 out of 10. We evaluated MBINN against 101 industry peers in the Financial Services industry. MBINN may be in some trouble as it scores bad on both profitability and health. MBINN has a decent growth rate and is not valued too expensively.

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1. Profitability

1.1 Basic Checks

In the past year MBINN was profitable.

In the past year MBINN has reported a negative cash flow from operations.

Each year in the past 5 years MBINN has been profitable.

MBINN had negative operating cash flow in 4 of the past 5 years.

1.2 Ratios

With a Return On Assets value of 1.51%, MBINN perfoms like the industry average, outperforming 49.51% of the companies in the same industry.

MBINN has a Return On Equity of 12.64%. This is in the better half of the industry: MBINN outperforms 60.40% of its industry peers.

		Industry Rank	Sector Rank
ROA	1.51%
ROE	12.64%
ROIC	N/A

ROA(3y)1.5%

ROA(5y)1.61%

ROE(3y)13.43%

ROE(5y)15.73%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 42.29%, MBINN belongs to the best of the industry, outperforming 90.10% of the companies in the same industry.

MBINN's Profit Margin has been stable in the last couple of years.

MBINN 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)	42.29%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-3.71%

PM growth 5Y1.01%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MBINN does not have a ROIC to compare to the WACC, probably because it is not profitable.

The number of shares outstanding for MBINN has been increased compared to 1 year ago.

Compared to 5 years ago, MBINN has more shares outstanding

Compared to 1 year ago, MBINN has about the same debt to assets ratio.

2.2 Solvency

MBINN has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.

With an excellent Debt to Equity ratio value of 0.10, MBINN belongs to the best of the industry, outperforming 81.19% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.1
Debt/FCF	N/A
Altman-Z	N/A

ROIC/WACCN/A

WACC21.22%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 11.88% over the past year.

Measured over the past years, MBINN shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.91% on average per year.

MBINN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.19%.

Measured over the past years, MBINN shows a very strong growth in Revenue. The Revenue has been growing by 31.68% on average per year.

EPS 1Y (TTM)11.88%

EPS 3Y9.85%

EPS 5Y31.91%

EPS Q2Q%17.09%

Revenue 1Y (TTM)19.19%

Revenue growth 3Y15.5%

Revenue growth 5Y31.68%

Sales Q2Q%27.45%

3.2 Future

MBINN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.08% yearly.

MBINN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.99% yearly.

EPS Next Y-13.25%

EPS Next 2Y-2.83%

EPS Next 3Y-4.08%

EPS Next 5YN/A

Revenue Next Year8.46%

Revenue Next 2Y7.58%

Revenue Next 3Y4.99%

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.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 3.13, the valuation of MBINN can be described as very cheap.

99.01% of the companies in the same industry are more expensive than MBINN, based on the Price/Earnings ratio.

MBINN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.87.

The Price/Forward Earnings ratio is 3.60, which indicates a rather cheap valuation of MBINN.

99.01% of the companies in the same industry are more expensive than MBINN, based on the Price/Forward Earnings ratio.

When comparing the Price/Forward Earnings ratio of MBINN to the average of the S&P500 Index (21.38), we can say MBINN is valued rather cheaply.

		Industry Rank	Sector Rank
PE	3.13
Fwd PE	3.6

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

MBINN's earnings are expected to decrease with -4.08% in the coming years. This may justify a cheaper valuation.

PEG (NY)N/A

PEG (5Y)0.1

EPS Next 2Y-2.83%

EPS Next 3Y-4.08%

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5. Dividend

5.1 Amount

MBINN has a Yearly Dividend Yield of 1.23%.

Compared to an average industry Dividend Yield of 4.92, MBINN pays a bit more dividend than its industry peers.

Compared to an average S&P500 Dividend Yield of 2.46, MBINN's dividend is way lower than the S&P500 average.

		Industry Rank	Sector Rank
Dividend Yield	1.23%

5.2 History

The dividend of MBINN is nicely growing with an annual growth rate of 13.84%!

MBINN has been paying a dividend for over 5 years, so it has already some track record.

The dividend of MBINN decreased in the last 3 years.

Dividend Growth(5Y)13.84%

Div Incr Years0

Div Non Decr Years2

5.3 Sustainability

18.04% of the earnings are spent on dividend by MBINN. This is a low number and sustainable payout ratio.

DP18.04%

EPS Next 2Y-2.83%

EPS Next 3Y-4.08%

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MERCHANTS BANCORP - MBIN 6 PERP

NASDAQ:MBINN (4/28/2025, 8:22:50 PM)

19.72

+0.42 (+2.18%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupFinancial Services

GICS IndustryFinancial Services

Earnings (Last)04-24 2025-04-24/amc

Earnings (Next)07-28 2025-07-28/amc

Inst Owners92.62%

Inst Owner ChangeN/A

Ins Owners35.19%

Ins Owner ChangeN/A

Market Cap904.75M

Analysts80

Price Target29.32 (48.68%)

Short Float %0%

Short Ratio0.13

Dividend

		Industry Rank	Sector Rank
Dividend Yield	1.23%

Yearly Dividend1.15

Dividend Growth(5Y)13.84%

DP18.04%

Div Incr Years0

Div Non Decr Years2

Ex-Date03-14 2025-03-14 (0.375)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)10.39%

Min EPS beat(2)-19.45%

Max EPS beat(2)40.24%

EPS beat(4)2

Avg EPS beat(4)10.81%

Min EPS beat(4)-19.45%

Max EPS beat(4)40.24%

EPS beat(8)5

Avg EPS beat(8)9.13%

EPS beat(12)7

Avg EPS beat(12)7.87%

EPS beat(16)10

Avg EPS beat(16)9.87%

Revenue beat(2)1

Avg Revenue beat(2)3.6%

Min Revenue beat(2)-12.42%

Max Revenue beat(2)19.63%

Revenue beat(4)2

Avg Revenue beat(4)4.68%

Min Revenue beat(4)-12.42%

Max Revenue beat(4)19.63%

Revenue beat(8)5

Avg Revenue beat(8)4.41%

Revenue beat(12)7

Avg Revenue beat(12)4.32%

Revenue beat(16)10

Avg Revenue beat(16)6.01%

PT rev (1m)2.56%

PT rev (3m)-5.51%

EPS NQ rev (1m)-2.34%

EPS NQ rev (3m)-3.42%

EPS NY rev (1m)-2.19%

EPS NY rev (3m)-0.62%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)7.02%

Revenue NY rev (1m)-0.78%

Revenue NY rev (3m)5.12%

Valuation

		Industry Rank	Sector Rank
PE	3.13
Fwd PE	3.6
P/S	1.35
P/FCF	N/A
P/OCF	N/A
P/B	0.4
P/tB	0.44
EV/EBITDA	N/A

EPS(TTM)6.31

EY32%

EPS(NY)5.47

Fwd EY27.76%

FCF(TTM)-18.61

FCFYN/A

OCF(TTM)-18.21

OCFYN/A

SpS14.62

BVpS48.9

TBVpS44.58

PEG (NY)N/A

PEG (5Y)0.1

Profitability

		Industry Rank	Sector Rank
ROA	1.51%
ROE	12.64%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	42.29%
GM	N/A
FCFM	N/A

ROA(3y)1.5%

ROA(5y)1.61%

ROE(3y)13.43%

ROE(5y)15.73%

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-3.71%

PM growth 5Y1.01%

GM growth 3YN/A

GM growth 5YN/A

F-Score4

Asset Turnover0.04

Health

		Industry Rank	Sector Rank
Debt/Equity	0.1
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	610.19%
Cap/Sales	2.74%
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-Score4

WACC21.22%

ROIC/WACCN/A

Cap/Depr(3y)409.66%

Cap/Depr(5y)317.29%

Cap/Sales(3y)2.02%

Cap/Sales(5y)1.59%

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)11.88%

EPS 3Y9.85%

EPS 5Y31.91%

EPS Q2Q%17.09%

EPS Next Y-13.25%

EPS Next 2Y-2.83%

EPS Next 3Y-4.08%

EPS Next 5YN/A

Revenue 1Y (TTM)19.19%

Revenue growth 3Y15.5%

Revenue growth 5Y31.68%

Sales Q2Q%27.45%

Revenue Next Year8.46%

Revenue Next 2Y7.58%

Revenue Next 3Y4.99%

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-134.57%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-134.36%

OCF growth 3YN/A

OCF growth 5YN/A

MERCHANTS BANCORP - MBIN 6 PERP (MBINN) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens