First Merchants Corporati... (FRME)
First Merchants Statistics
Share Statistics
First Merchants has 58.53M shares outstanding. The number of shares has increased by -0.09% in one year.
| Shares Outstanding | 58.53M |
| Shares Change (YoY) | -0.09% |
| Shares Change (QoQ) | -0.23% |
| Owned by Institutions (%) | 74.88% |
| Shares Floating | 57.63M |
| Failed to Deliver (FTD) Shares | 24 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 601.67K, so 1.03% of the outstanding shares have been sold short.
| Short Interest | 601.67K |
| Short % of Shares Out | 1.03% |
| Short % of Float | 1.04% |
| Short Ratio (days to cover) | 2.44 |
Valuation Ratios
The PE ratio is 11.59 and the forward PE ratio is 11.63. First Merchants's PEG ratio is -1.35.
| PE Ratio | 11.59 |
| Forward PE | 11.63 |
| PS Ratio | 2.46 |
| Forward PS | 2.9 |
| PB Ratio | 1.01 |
| P/FCF Ratio | 8.77 |
| PEG Ratio | -1.35 |
Enterprise Valuation
First Merchants has an Enterprise Value (EV) of 3.16B.
| EV / Sales | 3.34 |
| EV / EBITDA | 0 |
| EV / EBIT | 11.88 |
| EV / FCF | 11.88 |
Financial Position
The company has a current ratio of 97.25, with a Debt / Equity ratio of 0.4.
| Current Ratio | 97.25 |
| Quick Ratio | 97.25 |
| Debt / Equity | 0.4 |
| Debt / EBITDA | - |
| Debt / FCF | 3.44 |
| Interest Coverage | 2.2 |
Financial Efficiency
Return on Equity is 8.74% and Return on Invested Capital is 32.65%.
| Return on Equity | 8.74% |
| Return on Assets | 1.1% |
| Return on Invested Capital | 32.65% |
| Revenue Per Employee | $447.17K |
| Profits Per Employee | $95K |
| Employee Count | 2,120 |
| Asset Turnover | 0.05 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 30.33M |
| Effective Tax Rate | 13.09% |
Stock Price Statistics
The stock price has increased by 12.07% in the last 52 weeks. The beta is 0.96, so First Merchants's price volatility has been higher than the market average.
| Beta | 0.96 |
| 52-Week Price Change | 12.07% |
| 50-Day Moving Average | 41.67 |
| 200-Day Moving Average | 39.39 |
| Relative Strength Index (RSI) | 35.74 |
| Average Volume (20 Days) | 287.28K |
Income Statement
In the last 12 months, First Merchants had revenue of 948.01M and earned 201.4M in profits. Earnings per share was 3.42.
| Revenue | 948.01M |
| Gross Profit | 948.01M |
| Operating Income | 940.62M |
| Net Income | 201.4M |
| EBITDA | 0 |
| EBIT | -26.85M |
| Earnings Per Share (EPS) | 3.42 |
Balance Sheet
The company has 87.62M in cash and 916.08M in debt, giving a net cash position of -828.47M.
| Cash & Cash Equivalents | 87.62M |
| Total Debt | 916.08M |
| Net Cash | -828.47M |
| Retained Earnings | 1.27B |
| Total Assets | 18.31B |
| Working Capital | 1.77B |
Cash Flow
In the last 12 months, operating cash flow was 266.21M and capital expenditures 0, giving a free cash flow of 266.21M.
| Operating Cash Flow | 266.21M |
| Capital Expenditures | 0 |
| Free Cash Flow | 266.21M |
| FCF Per Share | 4.55 |
Margins
Gross margin is 100%, with operating and profit margins of 99.22% and 21.24%.
| Gross Margin | 100% |
| Operating Margin | 99.22% |
| Pretax Margin | 24.44% |
| Profit Margin | 21.24% |
| EBITDA Margin | n/a |
| EBIT Margin | 99.22% |
| FCF Margin | 28.08% |
Dividends & Yields
FRME pays an annual dividend of $1.4, which amounts to a dividend yield of 3.39%.
| Dividend Per Share | $1.40 |
| Dividend Yield | 3.39% |
| Dividend Growth (YoY) | 2.94% |
| Payout Ratio | 41.06% |
| Earnings Yield | 8.63% |
| FCF Yield | 11.4% |
Analyst Forecast
The average price target for FRME is $49, which is 32.9% higher than the current price. The consensus rating is "Buy".
| Price Target | $49 |
| Price Target Difference | 32.9% |
| 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 | 0.36 |
| Piotroski F-Score | 6 |