Mercantile Bank Corporation
NASDAQ Global SelectTotal Valuation
Mercantile Bank Corporation carries a market capitalization of 1.03B, placing it among publicly traded companies globally. Its enterprise value stands at -155.36M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 1.03B |
| Enterprise Value | -155.36M |
Share Statistics
Mercantile Bank Corporation currently has 17.27M shares outstanding.
| Shares Outstanding | 17.27M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Mercantile Bank Corporation trades at a trailing price-to-earnings ratio of 9.07. The price-to-sales ratio is 3.29, and the price-to-book ratio stands at 1.09.
| PE Ratio | 9.07 |
| PS Ratio | 3.29 |
| PB Ratio | 1.09 |
| P/TBV Ratio | 1.29 |
| P/FCF Ratio | 15.03 |
| P/OCF Ratio | 16.91 |
Enterprise Valuation
On an enterprise value basis, Mercantile Bank Corporation trades at an EV/EBITDA multiple of 279.14 and an EV/FCF ratio of 10.31.
| EV / Sales | 6.95 |
| EV / EBITDA | 279.14 |
| EV / EBIT | N/A |
| EV / FCF | 10.31 |
Financial Position
| Current Ratio | N/A |
| Quick Ratio | N/A |
| Debt / Equity | 65.64 |
| Debt / EBITDA | 82.73 |
| Interest Coverage | N/A |
Financial Efficiency
| Return on Equity (ROE) | 12.99 |
| Return on Assets (ROA) | 1.40 |
| Return on Invested Capital (ROIC) | N/A |
| Return on Capital Employed (ROCE) | N/A |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | N/A |
Taxes
Over the trailing twelve months, Mercantile Bank Corporation has paid 14.83M in income taxes, reflecting an effective tax rate of 13.89.
| Income Tax | 14.83M |
| Effective Tax Rate | 13.89 |
Stock Price Statistics
Mercantile Bank Corporation's stock has gained approximately 22.42051% over the past 52 weeks. The 50-day moving average sits at 54.32, while the 200-day moving average is 50.51.
| Beta (5Y) | N/A |
| 52-Week Price Change | 22.42051% |
| 50-Day Moving Average | 54.32 |
| 200-Day Moving Average | 50.51 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Mercantile Bank Corporation generated 252.99M in revenue and converted that into 91.90M in net income, yielding earnings per share of 5.57.
| Revenue | 252.99M |
| Gross Profit | N/A |
| Operating Income | N/A |
| Pretax Income | 106.73M |
| Net Income | 91.90M |
| EBITDA | 5.85M |
| EBIT | N/A |
| Earnings Per Share (EPS) | 5.57 |
Balance Sheet
Mercantile Bank Corporation holds 1.47B in cash and equivalents against 483.75M in total debt, resulting in a net debt position of -95.55M.
| Cash & Cash Equivalents | 1.47B |
| Total Debt | 483.75M |
| Net Debt | -95.55M |
| Equity (Book Value) | 766.14M |
| Book Value Per Share | 46.44 |
| Working Capital | N/A |
Cash Flow
Mercantile Bank Corporation produced 49.26M in operating cash flow over the past twelve months. After subtracting -6.16M in capital expenditures, free cash flow totaled 43.09M - equivalent to 2.61 per share.
| Operating Cash Flow | 49.26M |
| Capital Expenditures | -6.16M |
| Free Cash Flow | 43.09M |
| FCF Per Share | 2.61 |
Margins
Mercantile Bank Corporation operates with a gross margin of 100.00, reflecting its pricing power and cost economics.
| Gross Margin | 100.00 |
| Operating Margin | N/A |
| Pretax Margin | 42.19 |
| Profit Margin | 36.33 |
| EBITDA Margin | 2.31 |
Dividends & Yields
The company's payout ratio of 26.86 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 1.50 |
| Dividend Yield | N/A |
| Payout Ratio | 26.86 |
| Shareholder Yield | -23.17 |
| FCF Yield | 6.65 |
Stock Splits
Mercantile Bank Corporation's most recent stock split took place on April 19, 2007 with a 20:21 split ratio.
| Last Split Date | 4/19/2007 |
| Split Ratio | 20:21 |
Scores
Mercantile Bank Corporation posts an Altman Z-Score of 0.20, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 0.20 |