First Merchants Stock Target Price
| FRMEP Stock | USD 25.55 0.05 0.20% |
First Merchants fundamentals help investors to digest information that contributes to First Merchants' financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Merchants' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First Merchants stock.
First | Target Price |
First Merchants Current Valuation Drivers
We derive many important indicators used in calculating different scores of First Merchants from analyzing First Merchants' financial statements. These drivers represent accounts that assess First Merchants' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Merchants' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.1B | 2.0B | 2.3B | 2.4B | 2.2B | 2.3B | |
| Enterprise Value | 2.3B | 1.9B | 2.1B | 3.1B | 3.0B | 3.1B |
First Merchants ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Merchants' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Merchants' managers, analysts, and investors.Environmental | Governance | Social |
First Fundamentals
| Return On Equity | 0.0817 | ||||
| Return On Asset | 0.0099 | ||||
| Profit Margin | 0.30 % | ||||
| Operating Margin | 0.42 % | ||||
| Current Valuation | 2.16 B | ||||
| Shares Owned By Institutions | 100.00 % | ||||
| Number Of Shares Shorted | 27 | ||||
| Price To Earning | 6.62 X | ||||
| Revenue | 654.31 M | ||||
| Gross Profit | 611.39 M | ||||
| EBITDA | 270.94 M | ||||
| Net Income | 223.79 M | ||||
| Cash And Equivalents | 299.12 M | ||||
| Cash Per Share | 5.06 X | ||||
| Total Debt | 871.5 M | ||||
| Book Value Per Share | 39.18 X | ||||
| Cash Flow From Operations | 258.83 M | ||||
| Earnings Per Share | 3.81 X | ||||
| Number Of Employees | 2.16 K | ||||
| Beta | 1.02 | ||||
| Total Asset | 18.41 B | ||||
| Retained Earnings | 1.15 B | ||||
| Annual Yield | 0.07 % | ||||
| Net Asset | 18.41 B | ||||
| Last Dividend Paid | 1.38 |
About First Merchants Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze First Merchants's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Merchants using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Merchants based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with First Merchants
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Merchants position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Merchants will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.78 | AX | Axos Financial | PairCorr |
| 0.78 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against First Stock
| 0.77 | CFG-PE | Citizens Financial | PairCorr |
| 0.7 | TFC-PR | Truist Financial | PairCorr |
| 0.67 | TFC-PO | Truist Financial | PairCorr |
| 0.6 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to First Merchants could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Merchants when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Merchants - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Merchants to buy it.
The correlation of First Merchants is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Merchants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Merchants can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for First Stock Analysis
When running First Merchants' price analysis, check to measure First Merchants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.