Company Analysis Macatawa Bank Corporation
1. Summary
Advantages
- Dividends (3.09%) are higher than the sector average (1.74%).
- The stock's return over the last year (61.14%) is higher than the sector average (-32.48%).
- Current debt level 2.33% is below 100% and has decreased over 5 years from 5.11%.
Disadvantages
- Price (14.39 $) is higher than fair price (12.59 $)
- The company's current efficiency (ROE=1.6%) is lower than the sector average (ROE=5.49%)
Similar companies
2. Share price and performance
2.1. Share price
2.2. News
2.3. Market efficiency
| Macatawa Bank Corporation | Financials | Index | |
|---|---|---|---|
| 7 days | -2.9% | 0% | 1.3% |
| 90 days | -2.4% | -41.3% | 14% |
| 1 year | 61.1% | -32.5% | 38.9% |
MCBC vs Sector: Macatawa Bank Corporation has outperformed the "Financials" sector by 93.62% over the past year.
MCBC vs Market: Macatawa Bank Corporation has outperformed the market by 22.22% over the past year.
Stable price: MCBC 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: MCBC with weekly volatility of 1.18% over the past year.
3. Summary of the report
4. Fundamental Analysis
4.1. Stock price and price forecast
Above fair price: The current price (14.39 $) is higher than the fair price (12.59 $).
Price is higher than fair: The current price (14.39 $) is 12.5% higher than the fair price.
4.2. P/E
P/E vs Sector: The company's P/E (9.13) is lower than that of the sector as a whole (38.77).
P/E vs Market: The company's P/E (9.13) is lower than that of the market as a whole (48.12).
4.2.1 P/E Similar companies
4.3. P/BV
P/BV vs Sector: The company's P/BV (2.92) is higher than that of the sector as a whole (0.6876).
P/BV vs Market: The company's P/BV (2.92) is lower than that of the market as a whole (3.1).
4.3.1 P/BV Similar companies
4.4. P/S
P/S vs Sector: The company's P/S indicator (2.98) is lower than that of the sector as a whole (4.98).
P/S vs Market: The company's P/S indicator (2.98) is lower than that of the market as a whole (10.15).
4.4.1 P/S Similar companies
4.5. EV/Ebitda
EV/Ebitda vs Sector: The company's EV/Ebitda (6.67) is lower than that of the sector as a whole (40.79).
EV/Ebitda vs Market: The company's EV/Ebitda (6.67) is lower than that of the market as a whole (18.05).
5. Profitability
5.1. Profitability and revenue
5.2. Earnings per share - EPS
5.3. Past profitability Net Income
Yield Trend: Rising and has grown by 7.02% over the last 5 years.
Earnings Slowdown: The last year's return (0%) is below the 5-year average return (7.02%).
Profitability vs Sector: The return for the last year (0%) is lower than the return for the sector (4.63%).
5.4. ROE
ROE vs Sector: The company's ROE (1.6%) is lower than that of the sector as a whole (5.49%).
ROE vs Market: The company's ROE (1.6%) is lower than that of the market as a whole (10.88%).
5.5. ROA
ROA vs Sector: The company's ROA (1.66%) is lower than that of the sector as a whole (5.54%).
ROA vs Market: The company's ROA (1.66%) is lower than that of the market as a whole (6.5%).
5.6. ROIC
ROIC vs Sector: The company's ROIC (0%) is lower than that of the sector as a whole (5.05%).
ROIC vs Market: The company's ROIC (0%) is lower than that of the market as a whole (10.79%).
7. Dividends
7.1. Dividend yield vs Market
High yield: The dividend yield of the company 3.09% is higher than the average for the sector '1.74%.
7.2. Stability and increase in payments
Dividend stability: The company's dividend yield 3.09% has been steadily paid over the past 7 years, DSI=0.86.
Weak dividend growth: The company's dividend yield 3.09% has been growing weakly or stagnant over the past 5 years. Growth over only 0 years.
7.3. Payout percentage
Dividend Coverage: Current payments from income (26.11%) are at a comfortable level.
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