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Mackinac Financial (MFNC) Stock Fundamental Analysis

NASDAQ:MFNC - Nasdaq -

21.5  +0.12 (+0.56%)

Fundamental Rating

1

Overall MFNC gets a fundamental rating of 1 out of 10. We evaluated MFNC against 405 industry peers in the Banks industry. MFNC may be in some trouble as it scores bad on both profitability and health. MFNC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

MFNC had positive earnings in the past year.

1.2 Ratios

Industry RankSector Rank
ROA 0.91%
ROE 8.02%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

MFNC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 21.31%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A

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2. Health

2.1 Basic Checks

MFNC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

MFNC has a Debt/Equity ratio of 0.17. This is a healthy value indicating a solid balance between debt and equity.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

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

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3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 7.09% over the past year.
MFNC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.37% yearly.
The Revenue has been growing slightly by 3.44% in the past year.
Measured over the past years, MFNC shows a quite strong growth in Revenue. The Revenue has been growing by 14.52% on average per year.
EPS 1Y (TTM)7.09%
EPS 3Y3.71%
EPS 5Y7.37%
EPS Q2Q%-3.03%
Revenue 1Y (TTM)3.44%
Revenue growth 3Y15.69%
Revenue growth 5Y14.52%
Sales Q2Q%-6.75%

3.2 Future

MFNC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.98% yearly.
The Revenue is expected to decrease by -5.05% on average over the next years.
EPS Next Y-30.67%
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%
EPS Next 5Y-19.98%
Revenue Next Year-7.02%
Revenue Next 2Y-4.71%
Revenue Next 3Y-5.18%
Revenue Next 5Y-5.05%

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.
MFNC Yearly Revenue VS EstimatesMFNC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
MFNC Yearly EPS VS EstimatesMFNC Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6 0.8 1

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.81 indicates a correct valuation of MFNC.
Compared to an average S&P500 Price/Earnings ratio of 29.62, MFNC is valued a bit cheaper.
With a Price/Forward Earnings ratio of 30.29, MFNC can be considered very expensive at the moment.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, MFNC is valued a bit more expensive.
Industry RankSector Rank
PE 15.81
Fwd PE 30.29
MFNC Price Earnings VS Forward Price EarningsMFNC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
MFNC Per share dataMFNC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

A cheap valuation may be justified as MFNC's earnings are expected to decrease with -25.71% in the coming years.
PEG (NY)N/A
PEG (5Y)2.15
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%

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5. Dividend

5.1 Amount

MFNC has a Yearly Dividend Yield of 2.60%.
MFNC's Dividend Yield is comparable with the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 2.6%

5.2 History

On average, the dividend of MFNC grows each year by 8.15%, which is quite nice.
MFNC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.15%
Div Incr YearsN/A
Div Non Decr YearsN/A
MFNC Yearly Dividends per shareMFNC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

MFNC pays out 42.77% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP42.77%
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%
MFNC Dividend Payout.MFNC Dividend Payout, showing the Payout Ratio.MFNC Dividend Payout.PayoutRetained Earnings

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Mackinac Financial

NASDAQ:MFNC (9/3/2021, 9:01:12 PM)

21.5

+0.12 (+0.56%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.02%
Inst Owner Change0%
Ins Owners0.85%
Ins Owner Change0%
Market Cap226.82M
Analysts0
Price Target16.32 (-24.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.6%
Yearly Dividend0.56
Dividend Growth(5Y)8.15%
DP42.77%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 15.81
Fwd PE 30.29
P/S 3.51
P/FCF N/A
P/OCF N/A
P/B 1.32
P/tB N/A
EV/EBITDA N/A
EPS(TTM)1.36
EY6.33%
EPS(NY)0.71
Fwd EY3.3%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS6.13
BVpS16.3
TBVpSN/A
PEG (NY)N/A
PEG (5Y)2.15
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 8.02%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 21.31%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y0%
ROICexcg growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
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-Score7
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)7.09%
EPS 3Y3.71%
EPS 5Y7.37%
EPS Q2Q%-3.03%
EPS Next Y-30.67%
EPS Next 2Y-25.53%
EPS Next 3Y-25.71%
EPS Next 5Y-19.98%
Revenue 1Y (TTM)3.44%
Revenue growth 3Y15.69%
Revenue growth 5Y14.52%
Sales Q2Q%-6.75%
Revenue Next Year-7.02%
Revenue Next 2Y-4.71%
Revenue Next 3Y-5.18%
Revenue Next 5Y-5.05%
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 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A