Company Analysis Mercantile Bank Corporation
1. Summary
Advantages
- Price (48.66 $) is less than fair price (51.38 $)
- Dividends (3.09%) are higher than the sector average (2.55%).
- The stock's return over the last year (15.23%) is higher than the sector average (0%).
Disadvantages
- Current debt level 10.71% has increased over 5 years from 9.95%.
- The company's current efficiency (ROE=14.38%) is lower than the sector average (ROE=17.16%)
Similar companies
2. Share price and performance
2.1. Share price
2.3. Market efficiency
| Mercantile Bank Corporation | Financials | Index | |
|---|---|---|---|
| 7 days | -0.6% | -5.9% | -0.1% |
| 90 days | 7.1% | -21% | 3.6% |
| 1 year | 15.2% | 0% | 21.2% |
MBWM vs Sector: Mercantile Bank Corporation has outperformed the "Financials" sector by 15.23% over the past year.
MBWM vs Market: Mercantile Bank Corporation has significantly underperformed the market by -5.96% over the past year.
Stable price: MBWM is not significantly more volatile than the rest of the market on "NASDAQ" over the last 3 months, with typical variations of +/- 5% per week.
Long period: MBWM with weekly volatility of 0.29% over the past year.
3. Summary of the report
5. Fundamental Analysis
5.1. Stock price and price forecast
Below fair price: The current price (48.66 $) is lower than the fair price (51.38 $).
Price not significantly lower than the fair price: The current price (48.66 $) is slightly lower than the fair price by 5.6%.
5.2. P/E
P/E vs Sector: The company's P/E (9.06) is higher than that of the sector as a whole (-221.56).
P/E vs Market: The company's P/E (9.06) is higher than that of the market as a whole (-65.92).
5.2.1 P/E Similar companies
5.3. P/BV
P/BV vs Sector: The company's P/BV (1.25) is lower than that of the sector as a whole (72.54).
P/BV vs Market: The company's P/BV (1.25) is lower than that of the market as a whole (51.09).
5.3.1 P/BV Similar companies
5.5. P/S
P/S vs Sector: The company's P/S indicator (1.99) is lower than that of the sector as a whole (261.36).
P/S vs Market: The company's P/S indicator (1.99) is lower than that of the market as a whole (147.92).
5.5.1 P/S Similar companies
5.5. EV/Ebitda
EV/Ebitda vs Sector: The company's EV/Ebitda (8.97) is higher than that of the sector as a whole (-236.49).
EV/Ebitda vs Market: The company's EV/Ebitda (8.97) is higher than that of the market as a whole (-94.27).
6. Profitability
6.1. Profitability and revenue
6.2. Earnings per share - EPS
6.3. Past profitability Net Income
Yield Trend: Rising and has grown by 6.97% over the last 5 years.
Earnings Slowdown: The last year's return (0%) is below the 5-year average return (6.97%).
Profitability vs Sector: The return for the last year (0%) is lower than the return for the sector (0%).
6.4. ROE
ROE vs Sector: The company's ROE (14.38%) is lower than that of the sector as a whole (17.16%).
ROE vs Market: The company's ROE (14.38%) is higher than that of the market as a whole (-6.17%).
6.6. ROA
ROA vs Sector: The company's ROA (1.4%) is lower than that of the sector as a whole (5.8%).
ROA vs Market: The company's ROA (1.4%) is lower than that of the market as a whole (38.35%).
6.6. ROIC
ROIC vs Sector: The company's ROIC (8.08%) is lower than that of the sector as a whole (13.17%).
ROIC vs Market: The company's ROIC (8.08%) is lower than that of the market as a whole (9.59%).
8. Dividends
8.1. Dividend yield vs Market
High yield: The dividend yield of the company 3.09% is higher than the average for the sector '2.55%.
8.2. Stability and increase in payments
Dividend stability: The company's dividend yield 3.09% has been steadily paid over the past 7 years, DSI=0.93.
Dividend growth: Company's dividend yield 3.09% has been growing over the last 5 years. Growth over 5 years.
8.3. Payout percentage
Dividend Coverage: Current payments from income (28.23%) are at a comfortable level.
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Based on sources: porti.ru
