OTCPK:MCBK

Stock Analysis Report

Madison County Financial

Executive Summary

Madison County Financial, Inc. operates as the holding company for Madison County Bank that provides banking and financial services to individual and corporate customers in Nebraska, the United States.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Madison County Financial is not covered by any analysts.

Share Price & News

How has Madison County Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

OTCPK:MCBK

0.9%

US Mortgage

0.2%

US Market


1 Year Return

1.7%

OTCPK:MCBK

-2.0%

US Mortgage

-0.7%

US Market

MCBK outperformed the Mortgage industry which returned -0.3% over the past year.

MCBK outperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

MCBKIndustryMarket
7 Day0.8%0.9%0.2%
30 Day1.7%-1.9%-2.7%
90 Day-5.5%-0.4%1.6%
1 Year3.7%1.7%0.05%-2.0%1.6%-0.7%
3 Year47.0%40.0%32.3%23.5%40.0%30.9%
5 Year48.0%39.3%56.8%40.3%53.8%36.8%

Price Volatility Vs. Market

How volatile is Madison County Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Madison County Financial undervalued based on future cash flows and its price relative to the stock market?

12.75x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Madison County Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Madison County Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Madison County Financial is good value based on earnings compared to the US Mortgage industry average.

Madison County Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Madison County Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Madison County Financial is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Madison County Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Madison County Financial is high growth as no revenue estimate data is available.

Madison County Financial's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Madison County Financial's revenue growth to the United States of America market average as no estimate data is available.

Madison County Financial's earnings growth is positive but not above the United States of America market average.

Madison County Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Madison County Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Madison County Financial performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Madison County Financial's year on year earnings growth rate has been positive over the past 5 years.

Madison County Financial's 1-year earnings growth exceeds its 5-year average (31.9% vs 12.1%)

Madison County Financial's earnings growth has not exceeded the US Mortgage industry average in the past year (31.9% vs 32.9%).


Return on Equity

Madison County Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Madison County Financial used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Madison County Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Madison County Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Madison County Financial has an acceptable proportion of non-loan assets held.

Madison County Financial has a sufficient allowance for bad loans.

Madison County Financial's liabilities are made up of primarily low risk sources of funding.

Madison County Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Madison County Financial are broadly funded by customer deposits.

Madison County Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Madison County Financial's current dividend yield, its reliability and sustainability?

1.13%

Current Dividend Yield


Dividend Yield and Payments Analysis

Madison County Financial's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

Madison County Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Madison County Financial has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Madison County Financial only paid a dividend in the past 6 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (6.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Madison County Financial's salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average management tenure


CEO

Jeff Warnemunde (58yo)

25.6yrs

Tenure

US$1,248,627

Compensation

Mr. David Jeffrey Warnemunde, also known as Jeff, has been the Chief Executive Officer and President of Madison County Financial, Inc. since 1994. Mr. Warnemunde serves as the Chief Executive Officer at Ma ...


CEO Compensation Analysis

Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

7.6yrs

Average Tenure

63yo

Average Age

The average tenure for the Madison County Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.6yrs

Average Tenure

64yo

Average Age

The tenure for the Madison County Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Management Team

  • Jeff Warnemunde (58yo)

    Chairman

    • Tenure: 25.6yrs
    • Compensation: US$1.25m
  • David Warnemunde (79yo)

    VP & Director

    • Tenure: 7.6yrs
    • Compensation: US$153.42k
  • Warren Blank (64yo)

    Lead Independent Director & Corporate Secretary

    • Tenure: 0.0yrs
    • Compensation: US$155.81k
  • Daniel Fullner (63yo)

    Senior VP

    • Tenure: 7.6yrs
    • Compensation: US$371.87k
  • Brenda Borchers (58yo)

    Chief Financial Officer

    • Tenure: 7.6yrs
    • Compensation: US$309.50k

Board Members

  • Jeff Warnemunde (58yo)

    Chairman

    • Tenure: 25.6yrs
    • Compensation: US$1.25m
  • Jon Moyer (80yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$160.47k
  • Daniel Tunink (63yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$166.01k
  • Ivan Beller (83yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$155.01k
  • David Warnemunde (79yo)

    VP & Director

    • Tenure: 7.6yrs
    • Compensation: US$153.42k
  • Warren Blank (64yo)

    Lead Independent Director & Corporate Secretary

    • Tenure: 0.0yrs
    • Compensation: US$155.81k
  • James Becker (57yo)

    Director

    • Tenure: 6.0yrs
    • Compensation: US$77.12k

Company Information

Madison County Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Madison County Financial, Inc.
  • Ticker: MCBK
  • Exchange: OTCPK
  • Founded: 1888
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$68.405m
  • Shares outstanding: 2.59m
  • Website: https://www.madisoncountybank.com

Number of Employees


Location

  • Madison County Financial, Inc.
  • 111 West Third Street
  • Madison
  • Nebraska
  • 68748
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCBKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2012

Biography

Madison County Financial, Inc. operates as the holding company for Madison County Bank that provides banking and financial services to individual and corporate customers in Nebraska, the United States. It  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:43
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.