First Merchants Statistics
Total Valuation
FRME has a market cap or net worth of $1.96 billion. The enterprise value is $2.31 billion.
Market Cap | 1.96B |
Enterprise Value | 2.31B |
Important Dates
The next estimated earnings date is Tuesday, July 23, 2024, before market open.
Earnings Date | Jul 23, 2024 |
Ex-Dividend Date | Jun 7, 2024 |
Share Statistics
FRME has 58.59 million shares outstanding. The number of shares has decreased by -0.28% in one year.
Shares Outstanding | 58.59M |
Shares Change (YoY) | -0.28% |
Shares Change (QoQ) | n/a |
Owned by Insiders (%) | 1.47% |
Owned by Institutions (%) | 75.32% |
Float | 57.75M |
Valuation Ratios
The trailing PE ratio is 9.68 and the forward PE ratio is 9.97. FRME's PEG ratio is 2.68.
PE Ratio | 9.68 |
Forward PE | 9.97 |
PS Ratio | 3.11 |
Forward PS | 2.92 |
PB Ratio | 0.88 |
P/FCF Ratio | 8.18 |
PEG Ratio | 2.68 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.23, with an EV/FCF ratio of 9.64.
EV / Earnings | 11.24 |
EV / Sales | 3.67 |
EV / EBITDA | 9.23 |
EV / EBIT | 9.69 |
EV / FCF | 9.64 |
Financial Position
Current Ratio | n/a |
Quick Ratio | n/a |
Debt / Equity | 0.39 |
Debt / EBITDA | 3.44 |
Debt / FCF | 3.59 |
Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 9.40% and return on invested capital (ROIC) is 6.73%.
Return on Equity (ROE) | 9.40% |
Return on Assets (ROA) | 1.10% |
Return on Capital (ROIC) | 6.73% |
Revenue Per Employee | $291,437 |
Profits Per Employee | $95,177 |
Employee Count | 2,162 |
Asset Turnover | 0.04 |
Inventory Turnover | n/a |
Taxes
In the past 12 months, FRME has paid $30.95 million in taxes.
Income Tax | 30.95M |
Effective Tax Rate | 13.08% |
Stock Price Statistics
The stock price has increased by +16.78% in the last 52 weeks. The beta is 1.08, so FRME's price volatility has been similar to the market average.
Beta (5Y) | 1.08 |
52-Week Price Change | +16.78% |
50-Day Moving Average | 33.42 |
200-Day Moving Average | 32.62 |
Relative Strength Index (RSI) | 57.88 |
Average Volume (20 Days) | 276,385 |
Short Selling Information
The latest short interest is 398,076, so 0.68% of the outstanding shares have been sold short.
Short Interest | 398,076 |
Short Previous Month | 540,553 |
Short % of Shares Out | 0.68% |
Short % of Float | 0.69% |
Short Ratio (days to cover) | 1.76 |
Income Statement
In the last 12 months, FRME had revenue of $630.09 million and earned $205.77 million in profits. Earnings per share was $3.46.
Revenue | 630.09M |
Gross Profit | 630.09M |
Operating Income | 238.60M |
Pretax Income | 238.60M |
Net Income | 205.77M |
EBITDA | 250.54M |
EBIT | 238.60M |
Earnings Per Share (EPS) | $3.46 |
Balance Sheet
The company has $511.01 million in cash and $861.65 million in debt, giving a net cash position of -$350.64 million or -$5.99 per share.
Cash & Cash Equivalents | 511.01M |
Total Debt | 861.65M |
Net Cash | -350.64M |
Net Cash Per Share | -$5.99 |
Equity (Book Value) | 2.22B |
Book Value Per Share | 37.98 |
Working Capital | n/a |
Cash Flow
Operating Cash Flow | 239.82M |
Capital Expenditures | n/a |
Free Cash Flow | 239.82M |
FCF Per Share | $4.05 |
Margins
Gross margin is 100.00%, with operating and profit margins of 37.87% and 32.66%.
Gross Margin | 100.00% |
Operating Margin | 37.87% |
Pretax Margin | 37.87% |
Profit Margin | 32.66% |
EBITDA Margin | 39.76% |
EBIT Margin | 37.87% |
FCF Margin | 38.06% |
Dividends & Yields
This stock pays an annual dividend of $1.40, which amounts to a dividend yield of 4.18%.
Dividend Per Share | $1.40 |
Dividend Yield | 4.18% |
Dividend Growth (YoY) | 5.38% |
Years of Dividend Growth | 12 |
Payout Ratio | 40.46% |
Buyback Yield | 0.28% |
Shareholder Yield | 4.46% |
Earnings Yield | 10.49% |
FCF Yield | 12.23% |
Analyst Forecast
The average price target for FRME is $38.83, which is 15.98% higher than the current price. The consensus rating is "Buy".
Price Target | $38.83 |
Price Target Difference | 15.98% |
Analyst Consensus | Buy |
Analyst Count | 3 |
Revenue Growth Forecast (5Y) | n/a |
EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on August 27, 2003. It was a forward split with a ratio of 105:100.
Last Split Date | Aug 27, 2003 |
Split Type | Forward |
Split Ratio | 105:100 |
Scores
Altman Z-Score | n/a |
Piotroski F-Score | 5 |