MBIN Valuation

Merchants Bancorp

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30.740

+0.67(2.228%)1D

Overview
Forecast
Valuation
Earnings

MBIN Relative Valuation

MBIN's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, MBIN is overvalued; if below, it's undervalued.

Historical Valuation

Merchants Bancorp (MBIN) is now in the Fair zone, suggesting that its current forward PE ratio of 7.14 is considered Fairly compared with the five-year average of 6.31. The fair price of Merchants Bancorp (MBIN) is between 29.64 to 37.45 according to relative valuation methord.

Relative Value

Fair Zone

29.64-37.45

Current Price：30.74

Fair

7.14

Trailing

Forward

0.00

EV/EBITDA

Merchants Bancorp. (MBIN) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

NaN

EV/EBIT

Merchants Bancorp. (MBIN) has a current EV/EBIT of NaN. The 5-year average EV/EBIT is NaN. The thresholds are as follows: Strongly Undervalued below NaN, Undervalued between NaN and NaN, Fairly Valued between NaN and NaN, Overvalued between NaN and NaN, and Strongly Overvalued above NaN. The current Forward EV/EBIT of NaN falls within the range.

2.11

Merchants Bancorp. (MBIN) has a current PS of 2.11. The 5-year average PS is 2.59. The thresholds are as follows: Strongly Undervalued below 1.72, Undervalued between 1.72 and 2.15, Fairly Valued between 3.03 and 2.15, Overvalued between 3.03 and 3.47, and Strongly Overvalued above 3.47. The current Forward PS of 2.11 falls within the Undervalued range.

0.00

P/OCF

Merchants Bancorp. (MBIN) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Merchants Bancorp. (MBIN) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Merchants Bancorp (MBIN) has a current Price-to-Book (P/B) ratio of 0.86. Compared to its 3-year average P/B ratio of 1.22 , the current P/B ratio is approximately -29.45% higher. Relative to its 5-year average P/B ratio of 1.34, the current P/B ratio is about -35.68% higher. Merchants Bancorp (MBIN) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -2.32%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -9.94% , the current FCF yield is about -100.00% lower.

0.86

P/B

Median3y

1.22

Median5y

1.34

0.00

FCF Yield

Median3y

-2.32

Median5y

-9.94

Competitors Valuation Multiple

The average P/S ratio for MBIN's competitors is 2.94, providing a benchmark for relative valuation. Merchants Bancorp Corp (MBIN) exhibits a P/S ratio of 2.11, which is -28.37% above the industry average. Given its robust revenue growth of 4.81%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Live Oak Bancshares Inc

National Bank Holdings Corp

German American Bancorp Inc

Performance Decomposition

Market capitalization of MBIN decreased by 32.65% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 5.88 to 6.76.

The secondary factor is the Revenue Growth, contributed 4.81%to the performance.

Overall, the performance of MBIN in the past 1 year is driven by P/E Change. Which is more unsustainable.

4.81%

146.06M → 153.09M

Revenue Growth

-52.56%

52.30 → 24.81

Margin Expansion

15.10%

5.88 → 6.76

P/E Change

-32.65%