First Mid Bancshares, Inc. Fundamental Analysis (NASDAQ: FMBH)
First Mid Bancshares, Inc. Fundamental Analysis (NASDAQ: FMBH)
First Mid Bancshares, Inc. (NASDAQ: FMBH) shows moderate financial fundamentals with a PE ratio of 12.43, profit margin of 22.01%, and ROE of 9.86%. The company generates $0.5B in annual revenue with moderate year-over-year growth of 4.19%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 51.6/100 based on profitability, valuation, growth, and balance sheet metrics. The C grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze FMBH's fundamental strength across five key dimensions:
Efficiency Score
WeakFMBH struggles to generate sufficient returns from assets.
Valuation Score
ExcellentFMBH trades at attractive valuation levels.
Growth Score
ModerateFMBH shows steady but slowing expansion.
Financial Health Score
ModerateFMBH shows balanced financial health with some risks.
Profitability Score
ModerateFMBH maintains healthy but balanced margins.
Key Financial Metrics
Is FMBH Expensive or Cheap?
P/E Ratio
FMBH trades at 12.43 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, FMBH's PEG of 0.86 indicates potential undervaluation.
Price to Book
The market values First Mid Bancshares, Inc. at 1.21 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at 11.32 times EBITDA. This signals the market has high growth expectations.
How Well Does FMBH Make Money?
Net Profit Margin
For every $100 in sales, First Mid Bancshares, Inc. keeps $22.01 as profit after all expenses.
Operating Margin
Core operations generate 16.19 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $9.86 in profit for every $100 of shareholder equity.
ROA
First Mid Bancshares, Inc. generates $1.09 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
First Mid Bancshares, Inc. generates strong operating cash flow of $127.40M, reflecting robust business health.
Free Cash Flow
First Mid Bancshares, Inc. generates strong free cash flow of $124.25M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $4.67 in free cash annually.
FCF Yield
FMBH converts 9.25% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
12.43
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
0.86
vs 25 benchmark
P/B Ratio
Price to book value ratio
1.21
vs 25 benchmark
P/S Ratio
Price to sales ratio
2.93
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.56
vs 25 benchmark
Current Ratio
Current assets to current liabilities
0.21
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.10
vs 25 benchmark
ROA
Return on assets percentage
0.01
vs 25 benchmark
ROCE
Return on capital employed
0.05
vs 25 benchmark
How FMBH Stacks Against Its Sector Peers
| Metric | FMBH Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 12.43 | 21.10 | Better (Cheaper) |
| ROE | 9.86% | 652.00% | Weak |
| Net Margin | 22.01% | -1585.00% (disorted) | Strong |
| Debt/Equity | 0.56 | 0.91 | Strong (Low Leverage) |
| Current Ratio | 0.21 | 910.69 | Weak Liquidity |
| ROA | 1.09% | -574.00% (disorted) | Weak |
FMBH outperforms its industry in 3 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews First Mid Bancshares, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
62.06%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
41.92%
Industry Style: Value, Dividend, Cyclical
High GrowthFCF CAGR
44.23%
Industry Style: Value, Dividend, Cyclical
High Growth