First Historical Cash Flow
| FRMEP Stock | USD 25.55 0.05 0.20% |
Analysis of First Merchants cash flow over time is an excellent tool to project First Merchants future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Other Cashflows From Financing Activities of 564.6 M or Depreciation of 12.3 M as it is a great indicator of First Merchants ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining First Merchants latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Merchants is a good buy for the upcoming year.
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About First Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in First balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which First's non-liquid assets can be easily converted into cash.
First Merchants Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Depreciation
Depreciation indicates how much of First Merchants value has been used up. For tax purposes First Merchants can deduct the cost of the tangible assets it purchases as business expenses. However, First Merchants must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most accounts from First Merchants' cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, 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' Stock Based Compensation is relatively stable compared to the past year. Sale Purchase Of Stock is expected to grow at the current pace this year, while Begin Period Cash Flow is likely to drop slightly above 105.8 M.
First Merchants cash flow statement Correlations
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First Merchants Account Relationship Matchups
High Positive Relationship
High Negative Relationship
First Merchants cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 38.0M | 15.7M | (25.8M) | (44.6M) | (9.9M) | (9.4M) | |
| Free Cash Flow | (134.0M) | 204.8M | 143.1M | 268.0M | 258.8M | 271.8M | |
| Change In Working Capital | (8.1M) | (13.6M) | (8.6M) | (22.2M) | (4.4M) | (4.2M) | |
| Begin Period Cash Flow | 139.2M | 177.2M | 192.9M | 167.1M | 122.6M | 105.8M | |
| Other Cashflows From Financing Activities | 1.6B | 2.1B | 1.4B | 1.5B | 440.6M | 564.6M | |
| Depreciation | 9.4M | 11.0M | 10.7M | 11.8M | 11.7M | 12.3M | |
| Other Non Cash Items | 3.6M | 63.9M | (12.0M) | 42.6M | 16.0M | 14.0M | |
| Dividends Paid | 51.3M | 56.5M | 61.2M | 74.2M | 81.9M | 86.0M | |
| Total Cash From Operating Activities | 178.4M | 204.8M | 207.4M | 268.0M | 258.8M | 271.8M | |
| Net Income | 164.5M | 148.6M | 205.5M | 222.1M | 223.8M | 235.0M | |
| Total Cash From Financing Activities | 865.9M | 1.4B | 1.2B | 133.8M | 75.6M | 71.9M | |
| End Period Cash Flow | 177.2M | 192.9M | 167.1M | 122.6M | 112.6M | 116.4M | |
| Stock Based Compensation | 4.1M | 4.6M | 4.8M | 4.7M | 5.2M | 5.4M | |
| Sale Purchase Of Stock | (1.9M) | (20.7M) | (56.9M) | (25.4M) | (4.6M) | 0.0 | |
| Change To Account Receivables | (4.7M) | (5.0M) | (3.2M) | (20.7M) | (12.6M) | (12.0M) | |
| Investments | (498.6M) | (759.0M) | (1.5B) | (446.4M) | (275.6M) | (289.4M) | |
| Net Borrowings | (43.9M) | (47.8M) | (50.7M) | 485.5M | 558.3M | 586.2M | |
| Total Cashflows From Investing Activities | (1.0B) | (1.6B) | (1.5B) | (446.4M) | (401.8M) | (421.9M) | |
| Change To Operating Activities | (3.4M) | (8.5M) | (5.4M) | (1.5M) | (1.7M) | (1.8M) | |
| Issuance Of Capital Stock | 1.5M | 1.7M | 1.9M | 2.1M | 2.1M | 1.9M | |
| Other Cashflows From Investing Activities | (7.7M) | (8.7M) | (2.9M) | 13.0M | 15.0M | 15.7M | |
| Change To Netincome | 6.0M | 67.5M | (7.2M) | 47.3M | 54.4M | 28.4M | |
| Change To Liabilities | 5.0M | (9.7M) | 7.0M | 9.1M | 10.4M | 10.9M |
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.