First Merchants Corporation (FRME)
NASDAQ: FRME · IEX Real-Time Price · USD
35.39
+0.01 (0.03%)
At close: Jul 12, 2024, 4:00 PM
36.00
+0.61 (1.72%)
After-hours: Jul 12, 2024, 4:05 PM EDT

First Merchants Statistics

Total Valuation

FRME has a market cap or net worth of $2.07 billion. The enterprise value is $2.42 billion.

Market Cap 2.07B
Enterprise Value 2.42B

Important Dates

The next confirmed earnings date is Thursday, July 25, 2024, before market open.

Earnings Date Jul 25, 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 (%) 75.33%
Float 57.74M

Valuation Ratios

The trailing PE ratio is 10.23 and the forward PE ratio is 10.54. FRME's PEG ratio is 2.68.

PE Ratio 10.23
Forward PE 10.54
PS Ratio 3.29
Forward PS 3.08
PB Ratio 0.93
P/FCF Ratio 8.65
PEG Ratio 2.68
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 9.67, with an EV/FCF ratio of 10.11.

EV / Earnings 11.78
EV / Sales 3.85
EV / EBITDA 9.67
EV / EBIT 10.16
EV / FCF 10.11

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 +21.62% in the last 52 weeks. The beta is 1.05, so FRME's price volatility has been similar to the market average.

Beta (5Y) 1.05
52-Week Price Change +21.62%
50-Day Moving Average 33.33
200-Day Moving Average 32.82
Relative Strength Index (RSI) 67.49
Average Volume (20 Days) 245,497

Short Selling Information

The latest short interest is 501,720, so 0.86% of the outstanding shares have been sold short.

Short Interest 501,720
Short Previous Month 398,076
Short % of Shares Out 0.86%
Short % of Float 0.87%
Short Ratio (days to cover) 1.88

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
Full Income Statement

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
Full Balance Sheet

Cash Flow

Operating Cash Flow 239.82M
Capital Expenditures n/a
Free Cash Flow 239.82M
FCF Per Share $4.05
Full Cash Flow Statement

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 3.96%.

Dividend Per Share $1.40
Dividend Yield 3.96%
Dividend Growth (YoY) 5.38%
Years of Dividend Growth 12
Payout Ratio 40.46%
Buyback Yield 0.28%
Shareholder Yield 4.24%
Earnings Yield 9.92%
FCF Yield 11.57%
Dividend Details

Analyst Forecast

The average price target for FRME is $38.83, which is 9.72% higher than the current price. The consensus rating is "Buy".

Price Target $38.83
Price Target Difference 9.72%
Analyst Consensus Buy
Analyst Count 3
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

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