MBWM
Mercantile Bank Corporation [MBWM] Stock Forecast
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MBWM Financial details
MBWM Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
| Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 9.23 | 10.29 | 11.21 | 12 | 18.95 | |
| Net income per share | 3.01 | 2.71 | 3.69 | 3.85 | 5.13 | |
| Operating cash flow per share | 2.73 | 2.33 | 4.04 | 7.56 | 4.69 | |
| Free cash flow per share | 1.91 | 1.78 | 3.69 | 7.37 | 4.05 | |
| Cash per share | 34.65 | 62.29 | 98.07 | 44.12 | 46.68 | |
| Book value per share | 25.39 | 27.14 | 28.56 | 27.83 | 32.6 | |
| Tangible book value per share | 22.14 | 23.95 | 25.38 | 24.68 | 29.51 | |
| Share holders equity per share | 25.39 | 27.14 | 28.56 | 27.83 | 32.6 | |
| Interest debt per share | 35.19 | 37.25 | 50.47 | 46.99 | 53.68 | |
| Market cap | 598.3M | 442.02M | 560.02M | 530.99M | 646.71M | |
| Enterprise value | 765.45M | 257.58M | 80.75M | 880.07M | 1.36B | |
| P/E ratio | 12.1 | 10.01 | 9.49 | 8.7 | 7.87 | |
| Price to sales ratio | 3.95 | 2.64 | 3.12 | 2.79 | 2.13 | |
| POCF ratio | 13.36 | 11.67 | 8.67 | 4.43 | 8.61 | |
| PFCF ratio | 19.13 | 15.3 | 9.5 | 4.54 | 9.96 | |
| P/B Ratio | 1.44 | 1 | 1.23 | 1.2 | 1.24 | |
| PTB ratio | 1.44 | 1 | 1.23 | 1.2 | 1.24 | |
| EV to sales | 5.05 | 1.54 | 0.45 | 4.62 | 4.47 | |
| Enterprise value over EBITDA | 10.93 | 4.01 | 0.92 | 7.83 | 117.97 | |
| EV to operating cash flow | 17.1 | 6.8 | 1.25 | 7.34 | 18.05 | |
| EV to free cash flow | 24.47 | 8.92 | 1.37 | 7.53 | 20.88 | |
| Earnings yield | 0.08 | 0.1 | 0.11 | 0.11 | 0.13 | |
| Free cash flow yield | 0.05 | 0.07 | 0.11 | 0.22 | 0.1 | |
| Debt to equity | 1.3 | 1.31 | 1.72 | 1.63 | 1.6 | |
| Debt to assets | 0.15 | 0.13 | 0.15 | 0.15 | 0.16 | |
| Net debt to EBITDA | 2.39 | -2.87 | -5.48 | 3.11 | 61.71 | |
| Current ratio | 25.36 | 41.69 | 63.62 | 8.95 | 0.08 | |
| Interest coverage | 1.79 | 2.1 | 3.79 | 4.21 | 12.05 | |
| Income quality | 0.91 | 0.86 | 1.09 | 1.96 | 0.91 | |
| Dividend Yield | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 | |
| Payout ratio | 0.35 | 0.41 | 0.31 | 0.32 | 0.26 | |
| Sales general and administrative to revenue | 0.42 | 0.42 | 0.43 | 0.41 | 0.23 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Capex to operating cash flow | -0.3 | -0.24 | -0.09 | -0.03 | -0.14 | |
| Capex to revenue | -0.09 | -0.05 | -0.03 | -0.02 | -0.03 | |
| Capex to depreciation | -1.41 | -0.95 | -0.41 | -0.23 | -0.89 | |
| Stock based compensation to revenue | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | |
| Graham number | 41.5 | 40.7 | 48.71 | 49.1 | 61.37 | |
| ROIC | 0.05 | 0.04 | 0.05 | 0.07 | 0.16 | |
| Return on tangible assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | |
| Graham Net | -161.41 | -183.32 | -202.25 | -235.28 | -255.39 | |
| Working capital | 545.97M | 989.04M | 1.54B | 621.5M | -1.8B | |
| Tangible asset value | 363.25M | 389.65M | 405.74M | 391.35M | 472.67M | |
| Net current asset value | -2.65B | -2.98B | -3.23B | -3.73B | -4.69B | |
| Invested capital | 1.3 | 1.31 | 1.72 | 1.63 | 1.6 | |
| Average receivables | 0 | 0 | 0 | 0 | 0 | |
| Average payables | 23.82M | 23.36M | 24.48M | 51.43M | 39.11M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
| Payables turnover | 0 | 0 | 0 | 0 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.12 | 0.1 | 0.13 | 0.14 | 0.16 | |
| Capex per share | -0.82 | -0.55 | -0.35 | -0.19 | -0.64 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
| Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 3.68 | 3.46 | 3.45 | 3.63 | 4.6 | |
| Net income per share | 1.37 | 1.31 | 1.27 | 1.3 | 1.25 | |
| Operating cash flow per share | 2.33 | 1.13 | 1.21 | 2.28 | -0.02 | |
| Free cash flow per share | 2.28 | 0.97 | 1.08 | 2.18 | -0.27 | |
| Cash per share | 44.04 | 42.38 | 51.04 | 53.58 | 46.6 | |
| Book value per share | 27.78 | 29.22 | 29.91 | 30.17 | 32.54 | |
| Tangible book value per share | 24.63 | 26.1 | 26.8 | 27.06 | -3.05K | |
| Share holders equity per share | 27.78 | 29.22 | 29.91 | 30.17 | 32.54 | |
| Interest debt per share | 45.9 | 54.03 | 58.44 | 54.54 | 53.76 | |
| Market cap | 531.93M | 489.16M | 442.01M | 495.13M | 647.87M | |
| Enterprise value | 881.01M | 946.98M | 840.23M | 825.41M | 1.36B | |
| P/E ratio | 6.1 | 5.83 | 5.43 | 5.94 | 8.09 | |
| Price to sales ratio | 9.1 | 8.84 | 8.01 | 8.51 | 8.78 | |
| POCF ratio | 14.35 | 27.08 | 22.78 | 13.59 | -1.84K | |
| PFCF ratio | 14.69 | 31.44 | 25.65 | 14.15 | -147.31 | |
| P/B Ratio | 1.21 | 1.05 | 0.92 | 1.02 | 1.24 | |
| PTB ratio | 1.21 | 1.05 | 0.92 | 1.02 | 1.24 | |
| EV to sales | 15.07 | 17.11 | 15.22 | 14.18 | 18.39 | |
| Enterprise value over EBITDA | 23.44 | 24.77 | 0.02 | 31.76 | 53.84 | |
| EV to operating cash flow | 23.77 | 52.42 | 43.31 | 22.65 | -3.86K | |
| EV to free cash flow | 24.33 | 60.87 | 48.77 | 23.59 | -308.61 | |
| Earnings yield | 0.04 | 0.04 | 0.05 | 0.04 | 0.03 | |
| Free cash flow yield | 0.07 | 0.03 | 0.04 | 0.07 | -0.01 | |
| Debt to equity | 1.63 | 1.82 | 1.92 | 1.76 | 1.6 | |
| Debt to assets | 0.15 | 0.17 | 0.18 | 0.16 | 0.16 | |
| Net debt to EBITDA | 9.29 | 11.97 | 0.01 | 12.71 | 28.14 | |
| Current ratio | 8.95 | 9.52 | 8.85K | 6.16 | 0.08 | |
| Interest coverage | 4.53 | 2.91 | 2.38 | 1.17 | 1 | |
| Income quality | 1.7 | 0.86 | 0.95 | 1.75 | -0.02 | |
| Dividend Yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Payout ratio | 0.23 | 0.25 | 0.25 | 0.26 | 0.27 | |
| Sales general and administrative to revenue | 0.35 | 0.3 | 0.3 | 0.3 | 0.28 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Capex to operating cash flow | -0.02 | -0.14 | -0.11 | -0.04 | 11.49 | |
| Capex to revenue | -0.01 | -0.05 | -0.04 | -0.03 | -0.05 | |
| Capex to depreciation | -0.28 | -0.82 | -0.75 | -0.5 | -1.53 | |
| Stock based compensation to revenue | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | |
| Graham number | 29.29 | 29.36 | 29.26 | 29.73 | 30.23 | |
| ROIC | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 | |
| Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
| Graham Net | -234.86 | -234.47 | -240.08 | -244.06 | -254.94 | |
| Working capital | 621.5M | 597.05M | 678.03B | 550.14M | -1.8B | |
| Tangible asset value | 391.35M | 417.48M | 428.94M | 433.53M | 472.67M | |
| Net current asset value | -3.73B | -3.76B | 673.45B | -4.11B | -4.69B | |
| Invested capital | 1.63 | 1.82 | 1.92 | 1.76 | 1.6 | |
| Average receivables | 0 | 0 | 0 | 0 | 0 | |
| Average payables | 79.3M | 74.14M | 73.35M | 91.67M | 53.36M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
| Days payables outstanding | 0 | 1.22K | -0.1 | -741.88 | 0 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
| Payables turnover | 0 | 0.07 | -859.51 | -0.12 | 0 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | |
| Capex per share | -0.05 | -0.16 | -0.14 | -0.09 | -0.25 |
MBWM Frequently Asked Questions
What is Mercantile Bank Corporation stock symbol ?
Mercantile Bank Corporation is a US stock , located in Grand rapids of Mi and trading under the symbol MBWM
What is Mercantile Bank Corporation stock quote today ?
Mercantile Bank Corporation stock price is $35.89 today.
Is Mercantile Bank Corporation stock public?
Yes, Mercantile Bank Corporation is a publicly traded company.
Company Profile
- Volume Average 81.94K
- Market Capitalization 576.01M
- Employee 631
- CEO Mr. Robert B. Kaminski Jr.
- Headquarters Grand Rapids,MI,US
- IPO Date 1999-07-20
-
Website
https://www.mercbank.com 
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
