Shares Outstanding Shares Outstanding n/a Close	45.88M
Shares Change (YoY) Shares Change (YoY) n/a Close	0.21%
Shares Change (QoQ) Shares Change (QoQ) n/a Close	0.19%
Owned by Institutions (%) Owned by Institutions (%) n/a Close	93.36%
Shares Floating Shares Floating n/a Close	20.1M
Failed to Deliver (FTD) Shares Failed to Deliver (FTD) Shares n/a Close	9,143
FTD / Avg. Volume FTD / Avg. Volume n/a Close	5.42%

Short Selling Information

The latest short interest is 656.73K, so 1.43% of the outstanding shares have been sold short.

Short Interest Short Interest n/a Close	656.73K
Short % of Shares Out Short % of Shares Out n/a Close	1.43%
Short % of Float Short % of Float n/a Close	2.19%
Short Ratio (days to cover) Short Ratio (days to cover) n/a Close	5.22

Valuation Ratios

The PE ratio is 5.11 and the forward PE ratio is 6.08. Merchants Bancorp's PEG ratio is 0.44.

PE Ratio PE Ratio n/a Close	5.11
Forward PE Forward PE n/a Close	6.08
PS Ratio PS Ratio n/a Close	1.13
Forward PS Forward PS n/a Close	2
PB Ratio PB Ratio n/a Close	0.73
P/FCF Ratio P/FCF Ratio n/a Close	-1.92
PEG Ratio PEG Ratio n/a Close	0.44

Financial Ratio History

Enterprise Valuation

Merchants Bancorp has an Enterprise Value (EV) of 5.5B.

EV / Sales EV / Sales n/a Close	3.8
EV / EBITDA EV / EBITDA n/a Close	12.91
EV / EBIT EV / EBIT n/a Close	-6.58
EV / FCF EV / FCF n/a Close	-6.44

Financial Position

The company has a current ratio of 0.96, with a Debt / Equity ratio of 1.93.

Current Ratio Current Ratio n/a Close	0.96
Quick Ratio Quick Ratio n/a Close	0.96
Debt / Equity Debt / Equity n/a Close	1.93
Debt / EBITDA Debt / EBITDA n/a Close	10.19
Debt / FCF Debt / FCF n/a Close	-5.08
Interest Coverage Interest Coverage n/a Close	0.54

Financial Efficiency

Return on Equity is 14.28% and Return on Invested Capital is 1.81%.

Return on Equity Return on Equity n/a Close	14.28%
Return on Assets Return on Assets n/a Close	1.7%
Return on Invested Capital Return on Invested Capital n/a Close	1.81%
Revenue Per Employee Revenue Per Employee n/a Close	$2,182,601.81
Profits Per Employee Profits Per Employee n/a Close	$483,236.8
Employee Count Employee Count n/a Close	663
Asset Turnover Asset Turnover n/a Close	0.08
Inventory Turnover Inventory Turnover n/a Close	n/a

Taxes

Income Tax Income Tax n/a Close	102.26M
Effective Tax Rate Effective Tax Rate n/a Close	24.19%

Stock Price Statistics

The stock price has increased by -19.99% in the last 52 weeks. The beta is 1.3, so Merchants Bancorp's price volatility has been higher than the market average.

Beta Beta n/a Close	1.3
52-Week Price Change 52-Week Price Change n/a Close	-19.99%
50-Day Moving Average 50-Day Moving Average n/a Close	32.21
200-Day Moving Average 200-Day Moving Average n/a Close	38.55
Relative Strength Index (RSI) Relative Strength Index (RSI) n/a Close	42.36
Average Volume (20 Days) Average Volume (20 Days) n/a Close	168,771

Income Statement

In the last 12 months, Merchants Bancorp had revenue of 1.45B and earned 320.39M in profits. Earnings per share was 6.32.

Revenue Revenue n/a Close	1.45B
Gross Profit Gross Profit n/a Close	666.97M
Operating Income Operating Income n/a Close	422.64M
Net Income Net Income n/a Close	320.39M
EBITDA EBITDA n/a Close	425.66M
EBIT EBIT n/a Close	422.64M
Earnings Per Share (EPS) Earnings Per Share (EPS) n/a Close	6.32

Full Income Statement

Balance Sheet

The company has 476.61M in cash and 4.34B in debt, giving a net cash position of -3.86B.

Cash & Cash Equivalents Cash & Cash Equivalents n/a Close	476.61M
Total Debt Total Debt n/a Close	4.34B
Net Cash Net Cash n/a Close	-3.86B
Retained Earnings Retained Earnings n/a Close	1.33B
Total Assets Total Assets n/a Close	18.8B
Working Capital Working Capital n/a Close	-1B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -835.28M and capital expenditures -18.39M, giving a free cash flow of -853.67M.

Operating Cash Flow Operating Cash Flow n/a Close	-835.28M
Capital Expenditures Capital Expenditures n/a Close	-18.39M
Free Cash Flow Free Cash Flow n/a Close	-853.67M
FCF Per Share FCF Per Share n/a Close	-19.03

Full Cash Flow Statement

Margins

Gross margin is 46.09%, with operating and profit margins of 29.21% and 22.14%.

Gross Margin Gross Margin n/a Close	46.09%
Operating Margin Operating Margin n/a Close	29.21%
Pretax Margin Pretax Margin n/a Close	29.21%
Profit Margin Profit Margin n/a Close	22.14%
EBITDA Margin EBITDA Margin n/a Close	29.42%
EBIT Margin EBIT Margin n/a Close	29.21%
FCF Margin FCF Margin n/a Close	-58.99%

Dividends & Yields

MBIN pays an annual dividend of $0.47, which amounts to a dividend yield of 1.17%.

Dividend Per Share Dividend Per Share n/a Close	$0.47
Dividend Yield Dividend Yield n/a Close	1.17%
Dividend Growth (YoY) Dividend Growth (YoY) n/a Close	11.11%
Payout Ratio Payout Ratio n/a Close	8.72%
Earnings Yield Earnings Yield n/a Close	19.59%
FCF Yield FCF Yield n/a Close	-52.18%

Dividend Details

Analyst Forecast

The average price target for MBIN is $45, which is 44% higher than the current price. The consensus rating is "Buy".

Price Target Price Target n/a Close	$45
Price Target Difference Price Target Difference n/a Close	44%
Analyst Consensus Analyst Consensus n/a Close	Buy
Analyst Count Analyst Count n/a Close	3

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value Lynch Fair Value n/a Close	$65.85
Lynch Upside Lynch Upside n/a Close	110.72%
Graham Number Graham Number n/a Close	89.65
Graham Upside Graham Upside n/a Close	186.88%

Stock Splits

The last stock split was on Jan 18, 2022. It was a forward split with a ratio of 3:2.

Last Split Date Last Split Date n/a Close	Jan 18, 2022
Split Type Split Type n/a Close	forward
Split Ratio Split Ratio n/a Close	3:2

Scores

Altman Z-Score Altman Z-Score n/a Close	0.22
Piotroski F-Score Piotroski F-Score n/a Close	4