First Merchants Statistics
Total Valuation
FRME has a market cap or net worth of $2.02 billion. The enterprise value is $2.50 billion.
| Market Cap | 2.02B |
| Enterprise Value | 2.50B |
Important Dates
The next confirmed earnings date is Thursday, April 25, 2024, before market open.
| Earnings Date | Apr 25, 2024 |
| Ex-Dividend Date | Feb 29, 2024 |
Share Statistics
FRME has 59.28 million shares outstanding. The number of shares has increased by 0.48% in one year.
| Shares Outstanding | 59.28M |
| Shares Change (YoY) | +0.48% |
| Shares Change (QoQ) | +0.58% |
| Owned by Insiders (%) | 1.45% |
| Owned by Institutions (%) | 75.90% |
| Float | 58.48M |
Valuation Ratios
The trailing PE ratio is 9.13 and the forward PE ratio is 9.92. FRME's PEG ratio is 2.68.
| PE Ratio | 9.13 |
| Forward PE | 9.92 |
| PS Ratio | 3.12 |
| Forward PS | 2.98 |
| PB Ratio | 0.90 |
| P/FCF Ratio | 7.80 |
| PEG Ratio | 2.68 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 9.23, with an EV/FCF ratio of 9.66.
| EV / Earnings | 11.27 |
| EV / Sales | 3.86 |
| EV / EBITDA | 9.23 |
| EV / EBIT | 9.64 |
| EV / FCF | 9.66 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.46 |
| Debt / EBITDA | 3.80 |
| Debt / FCF | 3.97 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 10.30% and return on invested capital (ROIC) is 6.83%.
| Return on Equity (ROE) | 10.30% |
| Return on Assets (ROA) | 1.20% |
| Return on Capital (ROIC) | 6.83% |
| Revenue Per Employee | $299,492 |
| Profits Per Employee | $102,642 |
| Employee Count | 2,162 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, FRME has paid $35.45 million in taxes.
| Income Tax | 35.45M |
| Effective Tax Rate | 13.77% |
Stock Price Statistics
The stock price has increased by +11.09% in the last 52 weeks. The beta is 1.10, so FRME's price volatility has been similar to the market average.
| Beta (1Y) | 1.10 |
| 52-Week Price Change | +11.09% |
| 50-Day Moving Average | 33.69 |
| 200-Day Moving Average | 31.89 |
| Relative Strength Index (RSI) | 54.59 |
| Average Volume (30 Days) | 278,579 |
Short Selling Information
The latest short interest is 504,549, so 0.85% of the outstanding shares have been sold short.
| Short Interest | 504,549 |
| Short Previous Month | 543,461 |
| Short % of Shares Out | 0.85% |
| Short % of Float | 0.86% |
| Short Ratio (days to cover) | 1.55 |
Income Statement
In the last 12 months, FRME had revenue of $647.50 million and earned $221.91 million in profits. Earnings per share was $3.73.
| Revenue | 647.50M |
| Gross Profit | 647.50M |
| Operating Income | 259.23M |
| Pretax Income | 259.23M |
| Net Income | 221.91M |
| EBITDA | 270.94M |
| EBIT | 259.23M |
| Earnings Per Share (EPS) | $3.73 |
Balance Sheet
The company has $548.73 million in cash and $1.03 billion in debt, giving a net cash position of -$480.05 million or -$8.10 per share.
| Cash & Cash Equivalents | 548.73M |
| Total Debt | 1.03B |
| Net Cash | -480.05M |
| Net Cash Per Share | -$8.10 |
| Equity / Book Value | 2.25B |
| Book Value Per Share | 37.91 |
| Working Capital | n/a |
Cash Flow
| Operating Cash Flow | 258.83M |
| Capital Expenditures | n/a |
| Free Cash Flow | 258.83M |
| FCF Per Share | $4.33 |
Margins
Gross margin is 100.00%, with operating and profit margins of 40.04% and 34.27%.
| Gross Margin | 100.00% |
| Operating Margin | 40.04% |
| Pretax Margin | 40.04% |
| Profit Margin | 34.27% |
| EBITDA Margin | 41.84% |
| EBIT Margin | 40.04% |
| FCF Margin | 39.97% |
Dividends & Yields
This stock pays an annual dividend of $1.36, which amounts to a dividend yield of 3.99%.
| Dividend Per Share | $1.36 |
| Dividend Yield | 3.99% |
| Dividend Growth (YoY) | 6.25% |
| Years of Dividend Growth | 12 |
| Payout Ratio | 36.46% |
| Buyback Yield | -0.48% |
| Shareholder Yield | 3.51% |
| Earnings Yield | 10.99% |
| FCF Yield | 12.81% |
Analyst Forecast
The average price target for FRME is $36.67, which is 7.63% higher than the current price. The consensus rating is "Buy".
| Price Target | $36.67 |
| Price Target Difference | 7.63% |
| 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 |