Main Street Capital
Market Cap
US$1.9b
Last Updated
2020/10/22 00:07 UTC
Data Sources
Company Financials +
Executive Summary
Main Street Capital Corporation is a principal investment firm that primarily provides equity capital to lower middle market companies and debt capital to middle market companies. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential second-rate dividend payer.
Similar Companies
Share Price & News
How has Main Street Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAIN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
MAIN
-1.5%
US Capital Markets
-1.4%
US Market
1 Year Return
-30.4%
MAIN
8.9%
US Capital Markets
17.8%
US Market
Return vs Industry: MAIN underperformed the US Capital Markets industry which returned 9.9% over the past year.
Return vs Market: MAIN underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| MAIN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.5% | -1.4% |
| 30 Day | -1.7% | 5.7% | 4.7% |
| 90 Day | -2.1% | 3.0% | 8.2% |
| 1 Year | -25.0%-30.4% | 11.6%8.9% | 20.5%17.8% |
| 3 Year | -8.1%-26.3% | 21.7%12.3% | 42.2%32.7% |
| 5 Year | 42.9%-2.4% | 68.7%47.6% | 83.4%62.7% |
Price Volatility Vs. Market
How volatile is Main Street Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Main Street Capital (NYSE:MAIN) Share Prices Have Dropped 30% In The Last Year2 years ago | Simply Wall St
Who Are The Top Investors In Main Street Capital Corporation (NYSE:MAIN)?2 years ago | Simply Wall St
Is It Time To Buy Main Street Capital Corporation (NYSE:MAIN) Based Off Its PE Ratio?Valuation
Is Main Street Capital undervalued compared to its fair value and its price relative to the market?
8.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MAIN ($29.44) is trading below our estimate of fair value ($32.22)
Significantly Below Fair Value: MAIN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MAIN is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: MAIN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MAIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MAIN is good value based on its PB Ratio (1.4x) compared to the US Capital Markets industry average (4.8x).
Next Steps
Future Growth
How is Main Street Capital forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
195.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MAIN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: MAIN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MAIN's is expected to become profitable in the next 3 years.
Revenue vs Market: MAIN's revenue (3.7% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: MAIN's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MAIN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Main Street Capital performed over the past 5 years?
-7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAIN is currently unprofitable.
Growing Profit Margin: MAIN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MAIN is unprofitable, and losses have increased over the past 5 years at a rate of 7.9% per year.
Accelerating Growth: Unable to compare MAIN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MAIN is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (11.9%).
Return on Equity
High ROE: MAIN has a negative Return on Equity (-5.7%), as it is currently unprofitable.
Next Steps
Financial Health
How is Main Street Capital's financial position?
Financial Position Analysis
Short Term Liabilities: MAIN's short term assets ($118.6M) exceed its short term liabilities ($87.3M).
Long Term Liabilities: MAIN's short term assets ($118.6M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: MAIN's debt to equity ratio (82.5%) is considered high.
Reducing Debt: MAIN's debt to equity ratio has increased from 65.8% to 82.5% over the past 5 years.
Debt Coverage: MAIN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAIN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Main Street Capital current dividend yield, its reliability and sustainability?
8.36%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MAIN's dividend (8.36%) is higher than the bottom 25% of dividend payers in the US market (1.64%).
High Dividend: MAIN's dividend (8.36%) is in the top 25% of dividend payers in the US market (4.68%)
Stability and Growth of Payments
Stable Dividend: MAIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: MAIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: MAIN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Dwayne Hyzak (47 yo)
1.92yrs
Tenure
US$2,681,625
Compensation
Mr. Dwayne Louis Hyzak, CPA, serves as Director at HMS Income Fund, Inc. since June 29, 2020. He has been Chief Executive Officer of Main Street Capital Corporation since November 15, 2018 and has been its ...
CEO Compensation Analysis
Compensation vs Market: Dwayne's total compensation ($USD2.68M) is below average for companies of similar size in the US market ($USD4.48M).
Compensation vs Earnings: Dwayne's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13.5yrs | US$2.26m | 2.75% $ 53.4m | |
| CEO & Director | 1.92yrs | US$2.68m | 0.61% $ 11.7m | |
| President | 1.92yrs | US$3.67m | 0.62% $ 12.0m | |
| CFO & Treasurer | 5.92yrs | US$1.41m | 0.12% $ 2.4m | |
| Executive VP & COO | 1.25yrs | US$2.49m | 0.11% $ 2.2m | |
| VP, Chief Accounting Officer & Assistant Treasurer | 0.58yr | no data | 0.024% $ 461.7k | |
| Investor Relations Contact | no data | no data | no data | |
| Senior VP | 8.75yrs | US$1.52m | 0.21% $ 4.0m | |
| Managing Director | 3.75yrs | no data | no data | |
| Managing Director | 8.75yrs | US$1.43m | 0.13% $ 2.5m | |
| Managing Director | 1.75yrs | no data | no data | |
| Managing Director | 1.08yrs | no data | no data |
1.9yrs
Average Tenure
47.5yo
Average Age
Experienced Management: MAIN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 13.5yrs | US$2.26m | 2.75% $ 53.4m | |
| CEO & Director | 1.92yrs | US$2.68m | 0.61% $ 11.7m | |
| Independent Director | 4.92yrs | US$225.00k | 0.0098% $ 190.8k | |
| Independent Director | 2.92yrs | US$217.50k | 0.039% $ 748.5k | |
| Independent Director | 0.58yr | no data | 0.0099% $ 191.4k | |
| Independent Director | 7.17yrs | US$245.00k | 0.064% $ 1.2m | |
| Lead Independent Director | no data | US$262.50k | 0.088% $ 1.7m | |
| Independent Director | 9.17yrs | US$250.00k | 0.065% $ 1.3m | |
| Independent Director | 4.92yrs | US$235.00k | 0.034% $ 657.3k | |
| Independent Director | 0.75yr | no data | 0.0010% $ 20.4k |
4.9yrs
Average Tenure
61.5yo
Average Age
Experienced Board: MAIN's board of directors are considered experienced (4.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.
Top Shareholders
Company Information
Main Street Capital Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Main Street Capital Corporation
- Ticker: MAIN
- Exchange: NYSE
- Founded: 2007
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$1.939b
- Shares outstanding: 65.87m
- Website: https://www.mainstcapital.com
Number of Employees
Location
- Main Street Capital Corporation
- 1300 Post Oak Boulevard
- 8th Floor
- Houston
- Texas
- 77056
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MAIN | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 2007 |
| 13M | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 2007 |
| 0JXQ | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Oct 2007 |
Biography
Main Street Capital Corporation is a principal investment firm that primarily provides equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio i ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 00:07 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.