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Monroe Capital

Nasdaq:MRCC
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRCC
Nasdaq
$249M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Monroe Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
MRCC Share Price and Events
7 Day Returns
-1.7%
NasdaqGS:MRCC
2.4%
US Capital Markets
1.2%
US Market
1 Year Returns
-5.8%
NasdaqGS:MRCC
-11.9%
US Capital Markets
3%
US Market
MRCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Monroe Capital (MRCC) -1.7% -0.6% 33.2% -5.8% -12% -9.4%
US Capital Markets 2.4% 0.6% 12.7% -11.9% 57% 59.3%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • MRCC outperformed the Capital Markets industry which returned -11.9% over the past year.
  • MRCC underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
MRCC
Industry
5yr Volatility vs Market

MRCC Value

 Is Monroe Capital undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Monroe Capital to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Monroe Capital.

NasdaqGS:MRCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $14.05 * 11.7%
$1.65
Book Value of Equity per Share Median Book Value from the past 5 years. $14.05
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MRCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (125.8%))
1.302
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.302 * 5.96%)
10.49%

Discounted Cash Flow Calculation for NasdaqGS:MRCC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Monroe Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:MRCC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.7% – 10.49%) * $14.05)
$0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.17 / (10.49% - 2.73%)
$2.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.05 + $2.25
$16.29
NasdaqGS:MRCC Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.29
Current discount Discount to share price of $12.20
= -1 x ($12.20 - $16.29) / $16.29
25.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Monroe Capital is available for.
Intrinsic value
25%
Share price is $12.2 vs Future cash flow value of $16.29
Current Discount Checks
For Monroe Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Monroe Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Monroe Capital's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Monroe Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Monroe Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MRCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.29
NasdaqGS:MRCC Share Price ** NasdaqGS (2019-03-20) in USD $12.2
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 25.13x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Monroe Capital.

NasdaqGS:MRCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MRCC Share Price ÷ EPS (both in USD)

= 12.2 ÷ 0.29

42.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Monroe Capital is overvalued based on earnings compared to the US Capital Markets industry average.
  • Monroe Capital is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Monroe Capital's expected growth come at a high price?
Raw Data
NasdaqGS:MRCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 42.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
52.7%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:MRCC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 42.43x ÷ 52.7%

0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Monroe Capital is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Monroe Capital's assets?
Raw Data
NasdaqGS:MRCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $12.66
NasdaqGS:MRCC Share Price * NasdaqGS (2019-03-20) in USD $12.2
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:MRCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MRCC Share Price ÷ Book Value per Share (both in USD)

= 12.2 ÷ 12.66

0.96x

* Primary Listing of Monroe Capital.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Monroe Capital is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Monroe Capital's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Monroe Capital has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MRCC Future Performance

 How is Monroe Capital expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
52.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Monroe Capital expected to grow at an attractive rate?
  • Monroe Capital's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Monroe Capital's earnings growth is expected to exceed the United States of America market average.
  • Monroe Capital's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MRCC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MRCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 52.7%
NasdaqGS:MRCC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 13.2%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MRCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MRCC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 76 -38 31 7
2019-12-31 70 -65 31 8
NasdaqGS:MRCC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 58 -55 6
2018-09-30 57 -54 7
2018-06-30 57 -40 14
2018-03-31 54 -67 11
2017-12-31 51 -70 12
2017-09-30 49 -31 17
2017-06-30 47 -88 15
2017-03-31 45 -56 19
2016-12-31 45 -52 24
2016-09-30 44 -24 21
2016-06-30 42 -55 22
2016-03-31 40 -67 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Monroe Capital's earnings are expected to grow significantly at over 20% yearly.
  • Monroe Capital's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MRCC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Monroe Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MRCC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.52 1.62 1.40 7.00
2019-12-31 1.51 1.57 1.40 8.00
NasdaqGS:MRCC Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.29
2018-09-30 0.34
2018-06-30 0.70
2018-03-31 0.56
2017-12-31 0.65
2017-09-30 0.98
2017-06-30 0.89
2017-03-31 1.23
2016-12-31 1.68
2016-09-30 1.55
2016-06-30 1.72
2016-03-31 1.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Monroe Capital is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Monroe Capital's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Monroe Capital has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MRCC Past Performance

  How has Monroe Capital performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Monroe Capital's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Monroe Capital's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Monroe Capital's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Monroe Capital's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Monroe Capital's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Monroe Capital Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MRCC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 58.38 5.85 14.20
2018-09-30 57.00 6.92 15.16
2018-06-30 56.59 14.23 16.58
2018-03-31 54.05 10.97 16.50
2017-12-31 51.11 12.15 16.69
2017-09-30 48.88 17.44 16.34
2017-06-30 46.64 14.74 15.45
2017-03-31 45.49 18.99 15.04
2016-12-31 45.02 24.37 15.05
2016-09-30 43.91 21.05 14.67
2016-06-30 41.96 22.17 14.23
2016-03-31 40.36 21.96 13.84
2015-12-31 36.90 17.89 12.67
2015-09-30 35.46 17.88 12.15
2015-06-30 33.95 16.52 11.67
2015-03-31 31.48 14.12 10.89
2014-12-31 29.91 13.91 10.43
2014-09-30 27.63 12.22 9.87
2014-06-30 24.30 10.81 8.45
2014-03-31 21.01 10.13 7.55
2013-12-31 18.21 9.77 6.66
2012-12-31 1.71 0.95 0.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Monroe Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Monroe Capital used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Monroe Capital has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Monroe Capital's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Monroe Capital has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MRCC Health

 How is Monroe Capital's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Monroe Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Monroe Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Monroe Capital's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Monroe Capital's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Monroe Capital Company Filings, last reported 2 months ago.

NasdaqGS:MRCC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 258.77 313.76 3.74
2018-09-30 264.75 228.82 3.97
2018-06-30 270.71 236.03 2.78
2018-03-31 273.01 233.92 3.07
2017-12-31 278.70 221.94 4.33
2017-09-30 283.54 148.19 3.72
2017-06-30 284.31 174.80 9.90
2017-03-31 239.61 193.05 5.48
2016-12-31 240.85 177.87 5.96
2016-09-30 239.09 142.23 5.97
2016-06-30 188.65 165.28 5.48
2016-03-31 187.93 173.56 5.77
2015-12-31 184.54 162.61 5.28
2015-09-30 179.87 159.04 9.11
2015-06-30 176.49 93.15 4.93
2015-03-31 135.93 126.32 8.64
2014-12-31 133.74 106.31 4.56
2014-09-30 132.77 110.36 14.50
2014-06-30 133.19 110.03 4.90
2014-03-31 135.07 100.68 9.40
2013-12-31 138.09 83.94 14.60
2012-12-31 83.63 55.00 4.06
  • Monroe Capital's level of debt (121.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (60.9% vs 121.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Monroe Capital's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Monroe Capital has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MRCC Dividends

 What is Monroe Capital's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.48%
Current annual income from Monroe Capital dividends. Estimated to be 11.48% next year.
If you bought $2,000 of Monroe Capital shares you are expected to receive $230 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Monroe Capital's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Monroe Capital's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MRCC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MRCC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.40 7.00
2019-12-31 1.40 8.00
NasdaqGS:MRCC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-30 1.400 12.252
2018-11-06 1.400 12.348
2018-06-01 1.400 10.363
2018-03-01 1.400 10.847
2017-12-01 1.400 10.115
2017-08-31 1.400 9.860
2017-05-31 1.400 9.476
2017-05-09 1.400 8.909
2016-11-30 1.400 8.991
2016-08-30 1.400 9.220
2016-06-01 1.400 9.231
2016-05-10 1.400 9.732
2015-11-30 1.400 10.835
2015-09-01 1.400 9.532
2015-06-02 1.400 9.457
2015-05-11 1.400 9.453
2015-03-06 1.400 9.532
2014-12-01 1.360 9.355
2014-08-27 1.360 9.841
2014-05-29 1.360 10.027
2014-03-07 1.360 10.246
2013-12-02 1.360 10.742
2013-11-12 1.360 10.802
2013-08-13 1.360 10.225
2013-05-14 1.360 9.295
2013-03-27 1.360 8.994
2013-03-08 1.360 8.974

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Monroe Capital has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Monroe Capital only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Monroe Capital's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Monroe Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Monroe Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Monroe Capital has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MRCC Management

 What is the CEO of Monroe Capital's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ted Koenig
COMPENSATION $0
AGE 59
TENURE AS CEO 8.1 years
CEO Bio

Mr. Theodore L. Koenig, J.D. CPA, also known as Ted, has been the President and Chief Executive Officer at Monroe Capital LLC since 2004 and also serves as its Managing Director. Mr. Koenig founded and joined Monroe Capital in 2004. Additionally, he is the Chief Executive Officer and a Manager at MC Advisors and President at Monroe Capital BDC Advisors, LLC. Previously, he organized Hilco Capital LP and served as its President and Chief Executive Officer from its inception in 1999 to 2004, where he invested in distressed debt, junior secured debt and unsecured subordinated debt transactions. Prior to founding Hilco Capital, he spent 13 years, from 1986 to 1989, at Holleb & Coff as a Partner and Co-Chairman of H &C's Corporate Law, Mergers and Acquisitions and Business Finance Groups and supervised and where he supervised and was responsible for structuring, negotiating and documenting acquisitions and sales of middle market companies as well as representing H &C's bank, financial institution and commercial finance clients in asset based financing transactions for buyout, recapitalization and restructuring transactions. Prior to joining Holleb & Coff in 1986, Mr. Koenig was an Associate in the Mergers/Acquisitions Group at Winston & Strawn. Mr. Koenig has over 24 years of experience in structuring, negotiating and closing transactions on behalf of asset based lenders, commercial finance companies, financial institutions and private equity investors. He has been a Director of BPI Packaging Tech. Inc since April 30, 1999. He serves as a Director of The Bargain Shop Holdings Inc.; Global Automotive Systems, LLC; and Arnold Defense & Electronics LLC. Mr. Koenig also serves on the Dean's Advisory Council, Kelley School of Business; Board of Overseers, Chicago-Kent School of Law. He also serves as the Vice-Chairman of the Board of Trustees of Allendale School. He is a Director of the Commercial Finance Association and served as a Director at Turnaround Management Association. Mr. Koenig is a past President of the Indiana University Kelley School of Business Chicago Business Alumni Club. He is a frequent Lecturer to various business and financial organizations on topics such as the current environment for senior and junior debt, tranche B debt, structuring successful leveraged loan transactions and acquiring troubled companies. Mr. Koenig has published numerous articles in these areas and has appeared as a featured business finance expert in news media articles and televised business programs. He received the 2012 Middle Market Thought Leader of the Year award by The Alliance of Mergers & Acquisition Advisors (AM&AA) and Grant Thornton LLP. Mr. Koenig is a C.P.A. He holds a J.D., with Honors, from Chicago Kent College of Law and a B.S. in Accounting with High Honors from the Indiana University.

CEO Compensation
  • Insufficient data for Ted to compare compensation growth.
  • Insufficient data for Ted to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Monroe Capital management team in years:

6.5
Average Tenure
57
Average Age
  • The average tenure for the Monroe Capital management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ted Koenig

TITLE
Chairman
AGE
59
TENURE
8.1 yrs

Aaron Peck

TITLE
Chief Investment Officer
AGE
47
TENURE
6.5 yrs

David Jacobson

TITLE
Chief Compliance Officer
AGE
57
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Monroe Capital board of directors in years:

6.4
Average Tenure
59
Average Age
  • The tenure for the Monroe Capital board of directors is about average.
Board of Directors

Ted Koenig

TITLE
Chairman
AGE
59
TENURE
8.1 yrs

Aaron Peck

TITLE
Chief Investment Officer
AGE
47
TENURE
6.4 yrs

Jeff Golman

TITLE
Independent Director
COMPENSATION
$31K
AGE
62
TENURE
6.4 yrs

Rob Rubin

TITLE
Director
COMPENSATION
$25K
AGE
86
TENURE
6.4 yrs

Tom Allison

TITLE
Independent Director
COMPENSATION
$41K
AGE
66
TENURE
5.9 yrs

Jeffrey Steele

TITLE
Director
COMPENSATION
$25K
AGE
58
TENURE
6.4 yrs

Jorde Nathan

TITLE
Independent Director
COMPENSATION
$26K
AGE
55
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Monroe Capital insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Jan 19 Buy Robert Rubin Individual 02. Jan 19 03. Jan 19 2,700 $9.70 $26,112
03. Jan 19 Buy Thomas Allison Individual 31. Dec 18 31. Dec 18 5,000 $9.66 $48,277
27. Dec 18 Buy Theodore Koenig Individual 21. Dec 18 21. Dec 18 10,700 $9.34 $99,979
26. Dec 18 Buy Aaron Peck Individual 24. Dec 18 24. Dec 18 4,500 $9.20 $41,381
21. Jun 18 Buy Jeffrey Golman Individual 20. Jun 18 20. Jun 18 8,000 $13.62 $108,984
X
Management checks
We assess Monroe Capital's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Monroe Capital has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MRCC News

Simply Wall St News

MRCC Company Info

Description

Monroe Capital Corporation is a business development company specializing in senior, unitranche and junior secured debt and to a lesser extent, unsecured debt and equity investments, and buyouts in middle-market companies. The fund prefers to invest in casinos and gaming, broadcasting, publishing, alcoholic beverage and tobacco distribution, oil and gas, insurance, pharmaceuticals and bio sciences, aerospace and defense, commercial printing, natural rubber, glass, container and packaging, metals and mining, and real estate. It focuses to invest in the United States and Canada. The fund focuses on companies with a maximum of $25 million in EBITDA per year.

Details
Name: Monroe Capital Corporation
MRCC
Exchange: NasdaqGS
Founded: 2011
$249,423,680
20,444,564
Website: http://www.monroebdc.com
Address: Monroe Capital Corporation
311 South Wacker Drive,
Suite 6400,
Chicago,
Illinois, 60606-6710,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MRCC Common Stock Nasdaq Global Select US USD 25. Oct 2012
Number of employees
Current staff
Staff numbers
0
Monroe Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:39
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.