First Merchants Corporati... (FRME)
First Merchants Corporation Statistics
Share Statistics
First Merchants Corporation has 58.67M shares outstanding. The number of shares has increased by -1.03% in one year.
| Shares Outstanding | 58.67M |
| Shares Change (YoY) | n/a |
| Shares Change (QoQ) | 0.28% |
| Owned by Institutions (%) | n/a |
| Shares Floating | 57.80M |
| Failed to Deliver (FTD) Shares | 9 |
| FTD / Avg. Volume | 0% |
Short Selling Information
The latest short interest is 474.75K, so 0.81% of the outstanding shares have been sold short.
| Short Interest | 474.75K |
| Short % of Shares Out | 0.81% |
| Short % of Float | 0.82% |
| Short Ratio (days to cover) | 2.25 |
Valuation Ratios
The PE ratio is 9.83 and the forward PE ratio is 12.58. First Merchants Corporation's PEG ratio is 1.41.
| PE Ratio | 9.83 |
| Forward PE | 12.58 |
| PS Ratio | 3.38 |
| Forward PS | 3.4 |
| PB Ratio | 0.98 |
| P/FCF Ratio | 8.5 |
| PEG Ratio | 1.41 |
Enterprise Valuation
First Merchants Corporation has an Enterprise Value (EV) of 2.70B.
| EV / Earnings | 12.07 |
| EV / Sales | 4.15 |
| EV / EBITDA | 9.97 |
| EV / EBIT | 10.42 |
| EV / FCF | 10.44 |
Financial Position
The company has a current ratio of 39.72, with a Debt / Equity ratio of 0.39.
| Current Ratio | 39.72 |
| Quick Ratio | 39.72 |
| 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 | 301.11K |
| 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 16.96% 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 | 16.96% |
| 50-Day Moving Average | 41.73 |
| 200-Day Moving Average | 37.31 |
| Relative Strength Index (RSI) | 56.26 |
| Average Volume (20 Days) | 266.77K |
Income Statement
In the last 12 months, First Merchants Corporation had revenue of 651.00M and earned 223.79M in profits. Earnings per share was 3.74.
| Revenue | 651.00M |
| Gross Profit | 654.31M |
| Operating Income | 259.23M |
| Net Income | 223.79M |
| EBITDA | 270.94M |
| EBIT | 259.23M |
| Earnings Per Share (EPS) | 3.74 |
Balance Sheet
The company has 548.73M in cash and 871.50M in debt, giving a net cash position of -322.77M.
| Cash & Cash Equivalents | 548.73M |
| Total Debt | 871.50M |
| Net Cash | -322.77M |
| Retained Earnings | 1.15B |
| Total Assets | 18.35B |
| Working Capital | -12.54B |
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 |
Margins
Gross margin is 100.51%, with operating and profit margins of 39.82% and 34.38%.
| Gross Margin | 100.51% |
| Operating Margin | 39.82% |
| Pretax Margin | 39.82% |
| Profit Margin | 34.38% |
| EBITDA Margin | 41.62% |
| EBIT Margin | 39.82% |
| FCF Margin | 39.76% |
Dividends & Yields
FRME pays an annual dividend of $1.4, which amounts to a dividend yield of 3.47%.
| Dividend Per Share | $1.40 |
| Dividend Yield | 3.47% |
| Dividend Growth (YoY) | 2.94% |
| Payout Ratio | 46.51% |
| Earnings Yield | 9.08% |
| FCF Yield | 10.71% |
Analyst Forecast
The average price target for FRME is $43.5, which is 5.6% higher than the current price. The consensus rating is "Buy".
| Price Target | $43.5 |
| Price Target Difference | 5.6% |
| Analyst Consensus | Buy |
| Analyst Count | 4 |
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 | -0.55 |
| Piotroski F-Score | 6 |