First Historical Financial Ratios
| FRMEP Stock | USD 25.55 0.05 0.20% |
First Merchants is recently reporting on over 88 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.46 or Days Sales Outstanding of 57.54 will help investors to properly organize and evaluate First Merchants financial condition quickly.
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About First Financial Ratios Analysis
First MerchantsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate First Merchants investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on First financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across First Merchants history.
First Merchants Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing First Merchants stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on First Merchants sales, a figure that is much harder to manipulate than other First Merchants multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is First Merchants dividend as a percentage of First Merchants stock price. First Merchants dividend yield is a measure of First Merchants stock productivity, which can be interpreted as interest rate earned on an First Merchants investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most ratios from First Merchants' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into First Merchants current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.At this time, First Merchants' Free Cash Flow Per Share is relatively stable compared to the past year. As of 12/15/2024, ROIC is likely to grow to 0.14, while Free Cash Flow Yield is likely to drop 0.09.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0272 | 0.0313 | 0.0373 | 0.0353 | Price To Sales Ratio | 4.33 | 3.78 | 3.36 | 2.73 |
First Merchants fundamentals Correlations
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First Merchants Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Merchants fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 4.82 | 4.11 | 4.33 | 3.78 | 3.36 | 2.73 | |
| Dividend Yield | 0.024 | 0.028 | 0.0272 | 0.0313 | 0.0373 | 0.0353 | |
| Days Sales Outstanding | 40.26 | 40.02 | 40.14 | 49.43 | 54.48 | 57.54 | |
| Book Value Per Share | 34.75 | 34.7 | 35.56 | 35.27 | 37.9 | 39.8 | |
| Free Cash Flow Yield | 0.11 | (0.0627) | 0.1 | 0.0635 | 0.12 | 0.0942 | |
| Operating Cash Flow Per Share | 3.47 | 3.79 | 3.86 | 4.65 | 4.36 | 4.58 | |
| Stock Based Compensation To Revenue | 0.009282 | 0.009349 | 0.009158 | 0.007406 | 0.007883 | 0.009398 | |
| Ev To Sales | 5.26 | 3.95 | 3.97 | 4.93 | 4.52 | 3.45 | |
| Free Cash Flow Per Share | (2.61) | 3.79 | 2.66 | 4.65 | 4.36 | 4.58 | |
| Roic | 0.0723 | 0.0623 | 0.0869 | 0.0983 | 0.0717 | 0.14 | |
| Net Income Per Share | 3.2 | 2.75 | 3.82 | 3.85 | 3.77 | 3.96 | |
| Cash Per Share | 40.56 | 46.33 | 55.52 | 38.57 | 29.34 | 30.8 | |
| Pocfratio | 11.99 | 9.87 | 10.86 | 8.85 | 8.5 | 8.16 | |
| Interest Coverage | 1.78 | 2.56 | 6.7 | 4.01 | 0.74 | 0.71 | |
| Payout Ratio | 0.26 | 0.31 | 0.38 | 0.3 | 0.37 | 0.43 | |
| Pfcf Ratio | (15.95) | 9.87 | 15.74 | 8.85 | 8.5 | 8.93 | |
| Income Quality | 1.08 | 1.38 | 1.01 | 1.21 | 1.16 | 1.36 | |
| Roe | 0.0737 | 0.11 | 0.0921 | 0.0792 | 0.0996 | 0.1 | |
| Ev To Operating Cash Flow | 13.07 | 9.5 | 9.95 | 11.56 | 11.43 | 10.68 | |
| Pe Ratio | 13.0 | 13.61 | 10.96 | 10.68 | 9.83 | 10.94 | |
| Return On Tangible Assets | 0.0108 | 0.0169 | 0.0138 | 0.011 | 0.0129 | 0.0127 | |
| Ev To Free Cash Flow | (17.4) | 9.5 | 14.42 | 11.56 | 11.43 | 12.1 | |
| Earnings Yield | 0.0769 | 0.0735 | 0.0912 | 0.0936 | 0.1 | 0.0732 | |
| Intangibles To Total Assets | 0.0465 | 0.0407 | 0.0369 | 0.0417 | 0.0402 | 0.0214 | |
| Net Debt To E B I T D A | 0.96 | (0.43) | (0.75) | 2.72 | 2.8 | 2.88 | |
| Current Ratio | 316.02 | 778.3 | 1.1K | 44.32 | 39.89 | 37.89 | |
| Tangible Book Value Per Share | 23.49 | 24.1 | 24.95 | 22.31 | 25.44 | 26.71 | |
| Receivables Turnover | 9.07 | 9.12 | 9.09 | 7.38 | 6.7 | 6.36 | |
| Graham Number | 50.01 | 46.32 | 55.3 | 55.27 | 56.73 | 59.56 | |
| Shareholders Equity Per Share | 34.75 | 34.7 | 35.56 | 35.27 | 37.9 | 39.8 | |
| Graham Net Net | (169.82) | (184.49) | (202.28) | (239.9) | (241.89) | (253.98) | |
| Revenue Per Share | 8.62 | 9.1 | 9.67 | 10.89 | 11.03 | 11.58 |
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.