Merchants Piotroski F Score

MBIN
 Stock
  

USD 22.76  0.61  2.61%   

This module uses fundamental data of Merchants Bancorp to approximate its Piotroski F score. Merchants Bancorp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Merchants Bancorp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Merchants Bancorp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see Merchants Bancorp Altman Z Score, Merchants Bancorp Correlation, Merchants Bancorp Valuation, as well as analyze Merchants Bancorp Alpha and Beta and Merchants Bancorp Hype Analysis.
  
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Merchants Bancorp Long Term Debt is quite stable at the moment as compared to the past year. The company's current value of Long Term Debt is estimated at 172.63 Million. Total Debt is expected to rise to about 1.1 B this year, although the value of Issuance Repayment of Debt Securities will most likely fall to (322.6 M). Merchants Bancorp Dividend Yield is quite stable at the moment as compared to the past year. The company's current value of Dividend Yield is estimated at 0.009895. EBITDA Margin is expected to rise to 0.77 this year, although the value of Cash and Equivalents Turnover will most likely fall to 0.67.
At this time, it appears that Merchants Bancorp's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeN/AFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Merchants Bancorp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Merchants Bancorp is to make sure Merchants is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Merchants Bancorp's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Merchants Bancorp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares45 M43.2 M
Sufficiently Up
Increasing
Slightly volatile
Weighted Average Shares Diluted45.1 M43.3 M
Sufficiently Up
Increasing
Slightly volatile
Net Cash Flow from Operations(53.1 M)(49.2 M)
Significantly Down
Decreasing
Slightly volatile
Total Assets9.2 B11.3 B
Significantly Down
Increasing
Slightly volatile
Total Liabilities8.3 B10.1 B
Significantly Down
Increasing
Slightly volatile
Total Debt1.1 BB
Significantly Up
Increasing
Slightly volatile
Return on Average Assets0.01970.02
Fairly Down
Increasing
Slightly volatile
Gross Margin0.890.9
Fairly Down
Decreasing
Slightly volatile
Asset Turnover0.04230.041
Sufficiently Up
Increasing
Slightly volatile

Merchants Bancorp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Merchants Bancorp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Merchants Bancorp in a much-optimized way.

About Merchants Bancorp Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

21.74

Merchants Bancorp Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 21.74

Merchants Bancorp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Merchants Bancorp from analyzing Merchants Bancorp's financial statements. These drivers represent accounts that assess Merchants Bancorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Merchants Bancorp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee281.88 K242.76 K235.04 K445.64 K472.15 K380.98 K
Revenue Per Employee732.3 K734.16 K787.49 K1.01 M975.51 K856.34 K
Average Assets3.06 B3.79 B5.49 B9.13 B10.45 B8.82 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA77.46 M84.49 M102.99 M245.25 M307.12 M331.37 M
Earnings Before Interest Taxes and Depreciation Amortization USD77.46 M84.49 M102.99 M245.25 M307.12 M331.37 M
Earnings before Tax77.16 M84.03 M102.13 M243.36 M304.93 M329 M
Average Equity286.88 M400.3 M569 M737.23 M1.08 B884.51 M
Free Cash Flow(176.67 M)195.15 M(1.27 B)(878.51 M)(52.86 M)(57.03 M)
Invested Capital3.08 B3.72 B6.03 B10.71 B11.15 B9.09 B
Invested Capital Average2.71 B3.59 B5.25 B9.99 B10.53 B8.84 B
Tangible Asset Value3.39 B3.86 B6.35 B9.54 B11.15 B9.12 B

About Merchants Bancorp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Merchants Bancorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Merchants Bancorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Merchants Bancorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Merchants Bancorp operates as the diversified bank holding company in the United States. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana. Merchants Bancorp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 481 people.

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Additionally, see Merchants Bancorp Altman Z Score, Merchants Bancorp Correlation, Merchants Bancorp Valuation, as well as analyze Merchants Bancorp Alpha and Beta and Merchants Bancorp Hype Analysis. Note that the Merchants Bancorp information on this page should be used as a complementary analysis to other Merchants Bancorp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Shere Portfolio module to track or share privately all of your investments from the convenience of any device.

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Is Merchants Bancorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merchants Bancorp. If investors know Merchants will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merchants Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.24
Market Capitalization
984.8 M
Quarterly Revenue Growth YOY
-0.14
Return On Assets
0.0222
Return On Equity
0.2
The market value of Merchants Bancorp is measured differently than its book value, which is the value of Merchants that is recorded on the company's balance sheet. Investors also form their own opinion of Merchants Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Merchants Bancorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merchants Bancorp's market value can be influenced by many factors that don't directly affect Merchants Bancorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merchants Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine Merchants Bancorp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merchants Bancorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.