First Merchants Corporati... (FRME)
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43.17
0.12%
After-hours Dec 13, 2024, 04:00 PM EST

First Merchants Corporation Statistics

Share Statistics

First Merchants Corporation has 58.67M shares outstanding. The number of shares has increased by -2.24% in one year.

Shares Outstanding 58.67M
Shares Change (YoY) n/a
Shares Change (QoQ) -0.13%
Owned by Institutions (%) n/a
Shares Floating 57.92M
Failed to Deliver (FTD) Shares 400
FTD / Avg. Volume 0.14%

Short Selling Information

The latest short interest is 469.91K, so 0.8% of the outstanding shares have been sold short.

Short Interest 469.91K
Short % of Shares Out 0.8%
Short % of Float 0.81%
Short Ratio (days to cover) 1.74

Valuation Ratios

The PE ratio is 9.83 and the forward PE ratio is 12.58.

PE Ratio 9.83
Forward PE 12.58
PS Ratio 3.36
Forward PS 3.8
PB Ratio 0.98
P/FCF Ratio 8.5
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

First Merchants Corporation has an Enterprise Value (EV) of 2.70B.

EV / Earnings 12.07
EV / Sales 4.13
EV / EBITDA 9.97
EV / EBIT 10.42
EV / FCF 10.44

Financial Position

The company has a current ratio of 0, with a Debt / Equity ratio of 0.39.

Current Ratio 0
Quick Ratio 0
Debt / Equity 0.39
Total Debt / Capitalization 27.94
Cash Flow / Debt 0.3
Interest Coverage 0.74

Financial Efficiency

Return on equity (ROE) is 0.1% and return on capital (ROIC) is 7.17%.

Return on Equity (ROE) 0.1%
Return on Assets (ROA) 0.01%
Return on Capital (ROIC) 7.17%
Revenue Per Employee 302.64K
Profits Per Employee 103.51K
Employee Count 2.16K
Asset Turnover 0.04
Inventory Turnover 0

Taxes

Income Tax 35.45M
Effective Tax Rate 0.14

Stock Price Statistics

The stock price has increased by 17.69% in the last 52 weeks. The beta is 1.02, so First Merchants Corporation's price volatility has been higher than the market average.

Beta 1.02
52-Week Price Change 17.69%
50-Day Moving Average 40.47
200-Day Moving Average 36.4
Relative Strength Index (RSI) 55.76
Average Volume (20 Days) 276.20K

Income Statement

In the last 12 months, First Merchants Corporation had revenue of $654.31M and earned $223.79M in profits. Earnings per share was $3.74.

Revenue 654.31M
Gross Profit 654.31M
Operating Income 259.23M
Net Income 223.79M
EBITDA 270.94M
EBIT 259.23M
Earnings Per Share (EPS) 3.74
Full Income Statement

Balance Sheet

The company has $112.65M in cash and $871.50M in debt, giving a net cash position of -$758.85M.

Cash & Cash Equivalents 112.65M
Total Debt 871.50M
Net Cash -758.85M
Retained Earnings 1.15B
Total Assets 18.35B
Working Capital -12.54B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $258.83M and capital expenditures $0, giving a free cash flow of $258.83M.

Operating Cash Flow 258.83M
Capital Expenditures 0
Free Cash Flow 258.83M
FCF Per Share 4.36
Full Cash Flow Statement

Margins

Gross margin is 100%, with operating and profit margins of 39.62% and 34.2%.

Gross Margin 100%
Operating Margin 39.62%
Pretax Margin 39.62%
Profit Margin 34.2%
EBITDA Margin 41.41%
EBIT Margin 39.62%
FCF Margin 39.56%

Dividends & Yields

FRME pays an annual dividend of $1.4, which amounts to a dividend yield of 3.23%.

Dividend Per Share $1.40
Dividend Yield 3.23%
Dividend Growth (YoY) 2.94%
Payout Ratio 46.51%
Earnings Yield 8.67%
FCF Yield 10.23%
Dividend Details

Analyst Forecast

The average price target for FRME is $46, which is 6.7% higher than the current price. The consensus rating is "Buy".

Price Target $46
Price Target Difference 6.7%
Analyst Consensus Buy
Analyst Count 4
Stock Forecasts

Stock Splits

The last stock split was on Aug 27, 2003. It was a forward split with a ratio of 21:20.

Last Split Date Aug 27, 2003
Split Type forward
Split Ratio 21:20

Scores

Altman Z-Score -0.54
Piotroski F-Score 7