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MAIN

Main Street Capital NYSE:MAIN Stock Report

Last Price

US$37.82

Market Cap

US$2.8b

7D

-6.7%

1Y

-6.7%

Updated

15 May, 2022

Data

Company Financials +
MAIN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends4/6

MAIN Stock Overview

Main Street Capital Corporation is a private equity firm specializes in equity capital to lower middle market companies.

Main Street Capital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Main Street Capital
Historical stock prices
Current Share PriceUS$37.82
52 Week HighUS$47.13
52 Week LowUS$36.39
Beta1.32
1 Month Change-9.31%
3 Month Change-10.57%
1 Year Change-6.71%
3 Year Change-6.29%
5 Year Change-0.92%
Change since IPO152.13%

Recent News & Updates

May 09

Main Street Capital: Why Your Kingdom Can Use This High-Yielder

MAIN continues to demonstrate respectable growth, with record DNII/share and continued NAV/share growth. MAIN is well positioned for further growth, maintaining a strong balance sheet and having a burgeoning asset management business. I also highlight the dividend, valuation, and other points worth considering.

Apr 12

Main Street Capital: 7% Monthly Dividend Yield On Sale

Main Street Capital is a high-quality business development company with a strong track record. Main Street offers an attractive dividend yield today and has a history of raising its payout meaningfully over the years. Rising rates should be a small tailwind for the company, and MAIN stock's valuation is not demanding right now.

Shareholder Returns

MAINUS Capital MarketsUS Market
7D-6.7%-1.7%-2.5%
1Y-6.7%-14.2%-10.4%

Return vs Industry: MAIN exceeded the US Capital Markets industry which returned -14.2% over the past year.

Return vs Market: MAIN exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is MAIN's price volatile compared to industry and market?
MAIN volatility
MAIN Average Weekly Movement4.2%
Capital Markets Industry Average Movement0.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: MAIN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MAIN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200780Dwayne Hyzakhttps://www.mainstcapital.com

Main Street Capital Corporation is a private equity firm specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management buyouts, refinancing, industry consolidation, mature, later stage emerging growth. The firm also provides debt capital to middle market companies for acquisitions, management buyouts, growth financings, recapitalizations and refinancing.

Main Street Capital Fundamentals Summary

How do Main Street Capital's earnings and revenue compare to its market cap?
MAIN fundamental statistics
Market CapUS$2.76b
Earnings (TTM)US$338.62m
Revenue (TTM)US$305.64m

8.2x

P/E Ratio

9.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAIN income statement (TTM)
RevenueUS$305.64m
Cost of RevenueUS$0
Gross ProfitUS$305.64m
Other Expenses-US$32.98m
EarningsUS$338.62m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.64
Gross Margin100.00%
Net Profit Margin110.79%
Debt/Equity Ratio96.8%

How did MAIN perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

52%

Payout Ratio

Does MAIN pay a reliable dividends?

See MAIN dividend history and benchmarks
When do you need to buy MAIN by to receive an upcoming dividend?
Main Street Capital dividend dates
Ex Dividend DateJun 01 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend15 days
Days until Dividend pay date29 days

Does MAIN pay a reliable dividends?

See MAIN dividend history and benchmarks

Valuation

Is Main Street Capital undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


4.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MAIN ($37.82) is trading below our estimate of fair value ($39.39)

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 good value based on its PE Ratio (8.2x) compared to the US Capital Markets industry average (35.4x).

PE vs Market: MAIN is good value based on its PE Ratio (8.2x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: MAIN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MAIN is overvalued based on its PB Ratio (1.5x) compared to the US Capital Markets industry average (-16.2x).


Future Growth

How is Main Street Capital forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-7.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAIN's earnings are forecast to decline over the next 3 years (-7.7% per year).

Earnings vs Market: MAIN's earnings are forecast to decline over the next 3 years (-7.7% per year).

High Growth Earnings: MAIN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MAIN's revenue (11.1% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: MAIN's revenue (11.1% 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


Past Performance

How has Main Street Capital performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAIN has a high level of non-cash earnings.

Growing Profit Margin: MAIN's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: MAIN's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: MAIN's earnings growth over the past year (31.2%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: MAIN earnings growth over the past year (31.2%) underperformed the Capital Markets industry 47.5%.


Return on Equity

High ROE: MAIN's Return on Equity (18.1%) is considered low.


Financial Health

How is Main Street Capital's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAIN's short term assets ($82.7M) exceed its short term liabilities ($55.0M).

Long Term Liabilities: MAIN's short term assets ($82.7M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: MAIN's net debt to equity ratio (95.9%) is considered high.

Reducing Debt: MAIN's debt to equity ratio has increased from 63.8% to 96.8% over the past 5 years.

Debt Coverage: MAIN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MAIN's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet


Dividend

What is Main Street Capital current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.02%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 16 2022Ex Dividend DateJun 01 2022Dividend Pay DateJun 15 202214 days from Ex DividendBuy in the next 15 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MAIN's dividend (7.02%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: MAIN's dividend (7.02%) is in the top 25% of dividend payers in the US market (4.05%)


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.7%), MAIN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MAIN is paying a dividend but the company has no free cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Dwayne Hyzak (48 yo)

3.5yrs

Tenure

US$5,028,757

Compensation

Mr. Dwayne Louis Hyzak, CPA, serves as Director at Gulf Publishing Holdings LLC. He serves as Chief Executive Officer, Senior Managing Director and Chairman of the Board at MSC Income Fund, Inc. (formerly...


CEO Compensation Analysis

Compensation vs Market: Dwayne's total compensation ($USD5.03M) is about average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Dwayne's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MAIN's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: MAIN's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MAIN insiders have sold more shares than they have bought 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 7%.


Top Shareholders

Company Information

Main Street Capital Corporation's 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
  • Implied Market Cap: US$2.760b
  • Shares outstanding: 72.98m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.