Mercantile Bank Corporation
NASDAQ Global SelectTotal Valuation
Mercantile Bank Corporation carries a market capitalization of 1.01B, placing it among publicly traded companies globally. Its enterprise value stands at 10.32M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 1.01B |
| Enterprise Value | 10.32M |
Share Statistics
Mercantile Bank Corporation currently has 17.29M shares outstanding.
| Shares Outstanding | 17.29M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Mercantile Bank Corporation trades at a trailing price-to-earnings ratio of 10.11. The price-to-sales ratio is 3.69, and the price-to-book ratio stands at 1.31.
| PE Ratio | 10.11 |
| PS Ratio | 3.69 |
| PB Ratio | 1.31 |
| P/TBV Ratio | 1.49 |
| P/FCF Ratio | 12.58 |
| P/OCF Ratio | 13.30 |
Enterprise Valuation
On an enterprise value basis, Mercantile Bank Corporation trades at an EV/EBITDA multiple of 1.84 and an EV/FCF ratio of 0.14.
| EV / Sales | 0.04 |
| EV / EBITDA | 1.84 |
| EV / EBIT | N/A |
| EV / FCF | 0.14 |
Financial Position
| Current Ratio | N/A |
| Quick Ratio | N/A |
| Debt / Equity | 62.44 |
| Debt / EBITDA | 84.08 |
| Interest Coverage | N/A |
Financial Efficiency
| Return on Equity (ROE) | 13.73 |
| Return on Assets (ROA) | 1.46 |
| 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 16.74M in income taxes, reflecting an effective tax rate of 14.95.
| Income Tax | 16.74M |
| Effective Tax Rate | 14.95 |
Stock Price Statistics
Mercantile Bank Corporation's stock has gained approximately 30.8985% over the past 52 weeks. The 50-day moving average sits at 59.85, while the 200-day moving average is 54.91.
| Beta (5Y) | N/A |
| 52-Week Price Change | 30.8985% |
| 50-Day Moving Average | 59.85 |
| 200-Day Moving Average | 54.91 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Mercantile Bank Corporation generated 260.81M in revenue and converted that into 95.21M in net income, yielding earnings per share of 5.68.
| Revenue | 260.81M |
| Gross Profit | N/A |
| Operating Income | N/A |
| Pretax Income | 111.95M |
| Net Income | 95.21M |
| EBITDA | 5.61M |
| EBIT | N/A |
| Earnings Per Share (EPS) | 5.68 |
Balance Sheet
Mercantile Bank Corporation holds 1.45B in cash and equivalents against 471.51M in total debt, resulting in a net debt position of 130.58M.
| Cash & Cash Equivalents | 1.45B |
| Total Debt | 471.51M |
| Net Debt | 130.58M |
| Equity (Book Value) | 755.12M |
| Book Value Per Share | 43.68 |
| Working Capital | N/A |
Cash Flow
Mercantile Bank Corporation produced 72.33M in operating cash flow over the past twelve months. After subtracting -4.13M in capital expenditures, free cash flow totaled 68.20M - equivalent to 4.07 per share.
| Operating Cash Flow | 72.33M |
| Capital Expenditures | -4.13M |
| Free Cash Flow | 68.20M |
| FCF Per Share | 4.07 |
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 | 42.92 |
| Profit Margin | 36.51 |
| EBITDA Margin | 2.15 |
Dividends & Yields
The company's payout ratio of 26.69 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 1.52 |
| Dividend Yield | N/A |
| Payout Ratio | 26.69 |
| Shareholder Yield | -3.54 |
| FCF Yield | 7.95 |
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 0.23, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 0.23 |