First Merchants Corporation FRME
40.71
0.22
0.54%
as of 25 Sep
- Market cap
- $2.5B
- P/E
- 13.0×
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Growth Flags
show if company had growth for consecutive years
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.94 | 19.67 | 10.61 | 13.00 | 13.60 | 10.97 | 10.71 | 9.91 | 11.66 | 9.61 |
P/S ratio |
4.83 | 4.91 | 3.49 | 3.87 | 3.62 | 4.05 | 3.32 | 2.20 | 2.17 | 2.05 |
P/FCF ratio |
14.82 | 14.96 | 9.37 | 12.10 | 9.92 | 10.46 | 8.32 | 8.51 | 8.74 | 7.59 |
P/Operating CF |
67.04 | 40.16 | 38.30 | 53.19 | 33.99 | 41.87 | 16.94 | 33.59 | 34.46 | 26.68 |
P/B ratio |
1.70 | 1.45 | 1.20 | 1.20 | 1.08 | 1.18 | 1.18 | 0.99 | 1.02 | 0.88 |
Price to Tangible BV |
2.39 | 2.29 | 1.80 | 1.77 | 1.55 | 1.68 | 1.87 | 1.49 | 1.50 | 1.26 |
EV/Sales |
5.69 | 5.85 | 4.06 | 4.22 | 3.48 | 3.71 | 4.34 | 2.53 | 2.66 | 2.60 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
17.47 | 17.84 | 10.90 | 13.20 | 9.54 | 9.59 | 10.88 | 9.76 | 10.73 | 9.62 |
EV/FCF |
17.47 | 17.84 | 10.90 | 13.20 | 9.54 | 9.59 | 10.88 | 9.76 | 10.73 | 9.62 |
Quick Ratio |
0.03 | 0.03 | 0.02 | 0.03 | 0.05 | 0.05 | 0.02 | 0.04 | 0.03 | 0.02 |
Current Ratio |
0.90 | 0.93 | 0.92 | 0.87 | 0.85 | 0.76 | 0.82 | 0.86 | 0.89 | 0.91 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
5.93% | 5.91% | 4.59% | 3.93% | 3.61% | 2.93% | 5.42% | 4.73% | 5.00% | 4.50% |
Debt/Equity |
0.47 | 0.42 | 0.32 | 0.27 | 0.27 | 0.24 | 0.48 | 0.39 | 0.40 | 0.35 |
Asset Turnover |
0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 |
Operating CF/Net income |
1.28 | 1.32 | 1.13 | 1.07 | 1.37 | 1.05 | 1.29 | 1.17 | 1.33 | 1.27 |
Capex/Depreciation |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9.25% | 8.71% | 11.74% | 10.30% | 8.12% | 10.85% | 11.25% | 10.49% | 8.86% | 9.49% | |
| 1.16% | 1.16% | 1.65% | 1.47% | 1.12% | 1.39% | 1.32% | 1.22% | 1.09% | 1.20% | |
ROIC |
5.77% | 5.01% | 6.98% | 6.11% | 5.91% | 8.73% | 5.79% | 6.30% | 5.11% | 5.32% |
Return on Tangible Assets |
(17.00%) | (21.29%) | (30.69%) | (13.22%) | (8.87%) | (6.73%) | (8.87%) | (11.57%) | (13.38%) | (16.65%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
56.23% | 54.17% | 45.51% | 44.12% | 56.60% | 49.19% | 51.08% | 38.32% | 37.98% | 37.82% |
Intangible Assets out of Total Assets |
0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Share Based Compensation of Revenue |
0.82% | 0.73% | 0.74% | 0.75% | 0.82% | 0.86% | 0.65% | 0.52% | 0.54% | 0.70% |
Graham Net Nets |
(0.69) | (0.61) | (0.66) | (0.91) | (1.20) | (1.68) | (1.63) | (1.46) | (1.22) | (1.19) |
Graham Number |
31.47 | 37.18 | 45.58 | 50.02 | 46.33 | 55.28 | 54.79 | 56.23 | 54.85 | 61.06 |
Earnings Yield |
5.28% | 5.08% | 9.43% | 7.69% | 7.35% | 9.12% | 9.34% | 10.09% | 8.57% | 10.41% |
Free Cash Flow Yield |
6.75% | 6.68% | 10.68% | 8.27% | 10.08% | 9.56% | 12.02% | 11.74% | 11.44% | 13.17% |
Revenue per Share |
7.81 | 8.54 | 9.83 | 10.74 | 10.33 | 10.34 | 12.36 | 16.85 | 18.41 | 18.30 |
Operating CF per Share |
2.54 | 2.80 | 3.66 | 3.44 | 3.77 | 4.00 | 4.93 | 4.36 | 4.57 | 4.94 |
Capex per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
2.54 | 2.80 | 3.66 | 3.44 | 3.77 | 4.00 | 4.93 | 4.36 | 4.57 | 4.94 |
Cash per Share |
3.74 | 4.20 | 3.58 | 5.75 | 10.83 | 11.92 | 4.31 | 9.25 | 6.63 | 4.88 |
Shareholders Equity per Share |
22.12 | 28.85 | 28.59 | 34.75 | 34.70 | 35.56 | 35.27 | 37.90 | 39.53 | 42.93 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
22.12 | 28.85 | 28.59 | 34.75 | 34.70 | 35.56 | 35.27 | 37.90 | 39.53 | 42.93 |
Free Cash Flow |
103.72 | 126.50 | 180.24 | 176.73 | 203.83 | 215.34 | 284.29 | 258.83 | 266.21 | 283.65 |
Working Capital |
(571.32) | (547.14) | (611.93) | (1,357.23) | (1,786.36) | (3,160.78) | (2,605.81) | (2,051.23) | (1,621.23) | (1,466.83) |
Net Current Asset Value |
(1,054.84) | (1,153.57) | (1,110.67) | (1,938.39) | (2,435.93) | (3,784.44) | (3,843.99) | (3,211.75) | (2,848.39) | (2,568.41) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Net Profit Margin |
25.45% | 24.89% | 32.85% | 29.79% | 26.61% | 36.97% | 30.95% | 22.20% | 18.59% | 21.31% |
Price to Operating Income |
14.14 | 14.17 | 8.97 | 11.03 | 11.90 | 9.36 | 9.25 | 8.50 | 10.04 | 8.31 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.08 | 0.08 | 0.09 | 0.08 | 0.10 | 0.10 | 0.10 | 0.09 | 0.21 | 0.24 |
Cash ROIC |
0.63% | 1.50% | 4.26% | 2.48% | 3.12% | 3.65% | 5.13% | 3.41% | 3.78% | 4.51% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.03 | 0.03 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
75,566.22 | 69,604.74 | 40,969.02 | 33,027.58 | 62,472.51 | 129,266.57 | 61,904.69 | 15,523.81 | 12,416.24 | 14,359.38 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
5,423.07 | 6,364.51 | 7,463.56 | 8,797.27 | 10,600.78 | 12,047.10 | 13,557.67 | 14,602.10 | 14,671.54 | 14,908.25 |
Average Assets |
6,986.31 | 8,289.54 | 9,626.10 | 11,170.98 | 13,262.23 | 14,760.18 | 16,727.68 | 18,204.05 | 18,358.93 | 18,668.54 |
Average Common Equity |
875.96 | 1,102.44 | 1,355.74 | 1,597.22 | 1,830.92 | 1,893.98 | 1,961.05 | 2,116.12 | 2,251.22 | 2,360.70 |
Columns are period end dates