Middlefield Banc Corp. (MBCN)

NASDAQ: MBCN · IEX Real-Time Price · USD
-0.75 (-2.80%)
Mar 17, 2023, 4:00 PM EDT - Market closed

Total Valuation

MBCN has a market cap or net worth of $210.77 million. The enterprise value is $234.02 million.

Market Cap 210.77M
Enterprise Value 234.02M

Important Dates

The next earnings date is Thursday, April 20, 2023, before market open.

Estimated Earnings Date Apr 20, 2023
Ex-Dividend Date Mar 2, 2023

Share Statistics

MBCN has 8.09 million shares outstanding. The number of shares has decreased by -3.36% in one year.

Shares Outstanding 8.09M
Shares Change (YoY) -3.36%
Shares Change (QoQ) -0.58%
Owned by Insiders (%) 4.52%
Owned by Institutions (%) 26.32%
Float 7.23M

Valuation Ratios

The trailing PE ratio is 10.06 and the forward PE ratio is 10.49.

PE Ratio 10.06
Forward PE 10.49
PS Ratio 3.70
Forward PS 2.72
PB Ratio 1.07
P/FCF Ratio 11.95
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.19, with an EV/FCF ratio of 13.26.

EV / Earnings 14.93
EV / Sales 4.11
EV / EBITDA 11.19
EV / EBIT 12.39
EV / FCF 13.26

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.39
Debt / EBITDA 3.68
Debt / FCF 4.37

Financial Efficiency

Return on equity (ROE) is 10.70% and return on invested capital (ROIC) is 1.40%.

Return on Equity (ROE) 10.70%
Return on Assets (ROA) 1.10%
Return on Capital (ROIC) 1.40%
Revenue Per Employee $307,692
Profits Per Employee $84,719
Employee Count 185
Asset Turnover 0.04
Inventory Turnover n/a


In the past 12 months, MBCN has paid $3.22 million in taxes.

Income Tax 3.22M
Effective Tax Rate 17.04%

Stock Price Statistics

The stock price has increased by +6.33% in the last 52 weeks. The beta is 0.55, so MBCN's price volatility has been lower than the market average.

Beta (1Y) 0.55
52-Week Price Change +6.33%
50-Day Moving Average 27.84
200-Day Moving Average 27.38
Average Volume (30 Days) 19,813

Short Selling Information

The latest short interest is 13,320, so 0.16% of the outstanding shares have been sold short.

Short Interest 13,320
Short Previous Month 6,712
Short % of Shares Out 0.16%
Short % of Float 0.18%
Short Ratio (days to cover) 0.43

Income Statement

In the last 12 months, MBCN had revenue of $56.92 million and earned $15.67 million in profits. Earnings per share was $2.59.

Revenue 56.92M
Gross Profit 56.92M
Operating Income 18.89M
Pretax Income 18.89M
Net Income 15.67M
EBIT 18.89M
Earnings Per Share (EPS) $2.59
Full Income Statement

Balance Sheet

The company has $53.81 million in cash and $77.06 million in debt, giving a net cash position of -$23.25 million or -$2.87 per share.

Cash & Cash Equivalents 53.81M
Total Debt 77.06M
Net Cash -23.25M
Net Cash Per Share -$2.87
Equity / Book Value 197.69M
Book Value Per Share 24.43
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $18.36 million and capital expenditures -$719,000, giving a free cash flow of $17.64 million.

Operating Cash Flow 18.36M
Capital Expenditures -719,000
Free Cash Flow 17.64M
FCF Per Share $3.06
Full Cash Flow Statement


Gross margin is 100.00%, with operating and profit margins of 33.19% and 27.53%.

Gross Margin 100.00%
Operating Margin 33.19%
Pretax Margin 33.19%
Profit Margin 27.53%
EBITDA Margin 36.74%
EBIT Margin 33.19%
FCF Margin 30.99%

Dividends & Yields

This stock pays an annual dividend of $0.84, which amounts to a dividend yield of 3.23%.

Dividend Per Share $0.84
Dividend Yield 3.23%
Earnings Yield 7.44%
FCF Yield 8.37%
Dividend Growth (YoY) 20.00%
Payout Ratio 31.20%
Buyback Yield 3.36%
Shareholder Yield 6.58%
Dividend Details

Analyst Forecast

The average price target for MBCN is $29.58, which is 13.55% higher than the current price. The consensus rating is "Sell".

Price Target $29.58
Price Target Difference 13.55%
Analyst Consensus Sell
Analyst Count 7
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on November 12, 2019. It was a forward split with a ratio of 2:1.

Last Split Date Nov 12, 2019
Split Type Forward
Split Ratio 2:1