MIDLAND STATES BANCORP INC (MSBI)
US5977421057 - Common Stock
Overall MSBI gets a fundamental rating of 4 out of 10. We evaluated MSBI against 407 industry peers in the Banks industry. MSBI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. MSBI has a valuation in line with the averages, but it does not seem to be growing. MSBI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MSBI had positive earnings in the past year.
In the past year MSBI had a positive cash flow from operations.
Each year in the past 5 years MSBI has been profitable.
In the past 5 years MSBI always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MSBI (0.56%) is worse than 67.41% of its industry peers.
MSBI has a Return On Equity of 5.32%. This is in the lower half of the industry: MSBI underperforms 72.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 5.32% | ||
| ROIC | N/A |
ROA(3y)1.04%
ROA(5y)0.87%
ROE(3y)10.97%
ROE(5y)8.97%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MSBI has a worse Profit Margin (14.69%) than 73.83% of its industry peers.
MSBI's Profit Margin has improved in the last couple of years.
The Operating Margin and Gross Margin are not available for MSBI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 14.69% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y36.3%
PM growth 5Y6.98%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
MSBI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, MSBI has less shares outstanding
The number of shares outstanding for MSBI has been reduced compared to 5 years ago.
MSBI has a better debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MSBI is 0.92, which is an excellent value as it means it would take MSBI, only 0.92 years of fcf income to pay off all of its debts.
MSBI has a Debt to FCF ratio of 0.92. This is in the better half of the industry: MSBI outperforms 79.26% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that MSBI is not too dependend on debt financing.
MSBI has a Debt to Equity ratio (0.18) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.92 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC14.22%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
MSBI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.24%.
The Earnings Per Share has been growing slightly by 4.39% on average over the past years.
MSBI shows a decrease in Revenue. In the last year, the revenue decreased by -9.75%.
MSBI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.74% yearly.
EPS 1Y (TTM)-33.24%
EPS 3Y25.44%
EPS 5Y4.39%
EPS Q2Q%80.49%
Revenue 1Y (TTM)-9.75%
Revenue growth 3Y5.15%
Revenue growth 5Y3.74%
Sales Q2Q%-3.25%
3.2 Future
The Earnings Per Share is expected to grow by 1.71% on average over the next years.
Based on estimates for the next years, MSBI will show a small growth in Revenue. The Revenue will grow by 0.62% on average per year.
EPS Next Y-26.66%
EPS Next 2Y-2.9%
EPS Next 3Y1.71%
EPS Next 5YN/A
Revenue Next Year-2.45%
Revenue Next 2Y-1.16%
Revenue Next 3Y0.62%
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
With a Price/Earnings ratio of 10.59, the valuation of MSBI can be described as very reasonable.
79.26% of the companies in the same industry are more expensive than MSBI, based on the Price/Earnings ratio.
MSBI is valuated cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.65, which indicates a very decent valuation of MSBI.
Based on the Price/Forward Earnings ratio, MSBI is valued cheaply inside the industry as 85.19% of the companies are valued more expensively.
MSBI is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 8.65 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MSBI is valued cheaper than 96.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.28 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)2.41
EPS Next 2Y-2.9%
EPS Next 3Y1.71%
5. Dividend
5.1 Amount
MSBI has a Yearly Dividend Yield of 5.08%, which is a nice return.
MSBI's Dividend Yield is rather good when compared to the industry average which is at 3.21. MSBI pays more dividend than 91.11% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, MSBI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
5.2 History
On average, the dividend of MSBI grows each year by 11.38%, which is quite nice.
MSBI has been paying a dividend for over 5 years, so it has already some track record.
As MSBI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)11.38%
Div Incr Years8
Div Non Decr Years8
5.3 Sustainability
MSBI pays out 82.20% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MSBI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP82.2%
EPS Next 2Y-2.9%
EPS Next 3Y1.71%
MIDLAND STATES BANCORP INC
NASDAQ:MSBI (12/26/2024, 11:53:13 AM)
24.46
-0.14 (-0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners65.34%
Inst Owner Change-4.49%
Ins Owners3.27%
Ins Owner Change4.04%
Market Cap523.44M
Analysts50
Price Target26.01 (6.34%)
Short Float %1.35%
Short Ratio3.47
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Dividend Growth(5Y)11.38%
DP82.2%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-29.38%
Min EPS beat(2)-71.98%
Max EPS beat(2)13.22%
EPS beat(4)2
Avg EPS beat(4)-20.87%
Min EPS beat(4)-71.98%
Max EPS beat(4)13.22%
EPS beat(8)5
Avg EPS beat(8)-10.2%
EPS beat(12)9
Avg EPS beat(12)-4.91%
EPS beat(16)10
Avg EPS beat(16)-7.22%
Revenue beat(2)0
Avg Revenue beat(2)-2.52%
Min Revenue beat(2)-4.72%
Max Revenue beat(2)-0.32%
Revenue beat(4)2
Avg Revenue beat(4)-0.52%
Min Revenue beat(4)-4.72%
Max Revenue beat(4)2.06%
Revenue beat(8)3
Avg Revenue beat(8)1.19%
Revenue beat(12)4
Avg Revenue beat(12)0.82%
Revenue beat(16)4
Avg Revenue beat(16)-0.52%
PT rev (1m)5.15%
PT rev (3m)3.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.76%
EPS NY rev (1m)0%
EPS NY rev (3m)7.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.51%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 8.65 | ||
| P/S | 1.77 | ||
| P/FCF | 3.28 | ||
| P/OCF | 3.16 | ||
| P/B | 0.64 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.31
EY9.44%
EPS(NY)2.83
Fwd EY11.56%
FCF(TTM)7.46
FCFY30.52%
OCF(TTM)7.74
OCFY31.63%
SpS13.83
BVpS38.24
TBVpS29.2
PEG (NY)N/A
PEG (5Y)2.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 5.32% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 14.69% | ||
| GM | N/A | ||
| FCFM | 53.96% |
ROA(3y)1.04%
ROA(5y)0.87%
ROE(3y)10.97%
ROE(5y)8.97%
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 3Y36.3%
PM growth 5Y6.98%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 0.92 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 49.76% | ||
| Cap/Sales | 1.96% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 367.25% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC14.22%
ROIC/WACCN/A
Cap/Depr(3y)41.75%
Cap/Depr(5y)34.79%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.6%
Profit Quality(3y)293.47%
Profit Quality(5y)814.22%
High Growth Momentum
Growth
EPS 1Y (TTM)-33.24%
EPS 3Y25.44%
EPS 5Y4.39%
EPS Q2Q%80.49%
EPS Next Y-26.66%
EPS Next 2Y-2.9%
EPS Next 3Y1.71%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.75%
Revenue growth 3Y5.15%
Revenue growth 5Y3.74%
Sales Q2Q%-3.25%
Revenue Next Year-2.45%
Revenue Next 2Y-1.16%
Revenue Next 3Y0.62%
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-32.46%
FCF growth 3Y-33.52%
FCF growth 5Y10.17%
OCF growth 1Y-30.85%
OCF growth 3Y-32.33%
OCF growth 5Y9.75%