Market Price

31.15 

-0.31 -1.0%

as of Oct 19 '18

52 Week Range:

31.07 38.47


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection services. In addition, it provides courier services and safe deposit facilities; repurchase agreements; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as operates and 49 automated teller machines. As of January 16, 2018, the company operated 49 banking offices. Mercantile Bank Corporation was founded in 1997 and is headquartered in Grand Rapids, Michigan.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Equity (BVPS) 20.89
20.44
14.00
12.31
13.53
16.84
17.15
18.91
20.10
21.29
21.85
growth rate -2.2% -31.5% -12.1% 9.9% 24.5% 1.8% 10.3% 6.3% 5.9% 2.6%
Earnings BIT 12.00
-9.84
-46.60
-13.36
10.12
18.17
25.13
28.16
42.40
51.93
52.52
growth rate -100.0% 0.0% 0.0% 100.0% 79.6% 38.3% 12.1% 50.6% 22.5% 1.1%
Avg.PE 14.62
-16.00
-0.60
-3.00
2.32
12.69
11.05
15.33
14.19
16.24
17.44
growth rate -100.0% 0.0% 0.0% 100.0% 447.0% -12.9% 38.7% -7.4% 14.5% 7.4%
ROA 0.43
-0.23
-2.57
-0.83
2.36
0.81
1.20
0.80
0.93
1.07
0.98
growth rate -100.0% 0.0% 0.0% 100.0% -65.7% 48.2% -33.3% 16.3% 15.1% -8.4%
ROE 5.12
-2.81
-35.90
-12.92
28.85
7.90
11.36
7.20
8.16
9.46
8.85
growth rate -100.0% 0.0% 0.0% 100.0% -72.6% 43.8% -36.6% 13.3% 15.9% -6.5%
ROIC 29.00
12.28
-1.29
5.82
22.30
9.37
10.88
7.52
growth rate -57.7% -100.0% 100.0% 283.2% -58.0% 16.1% -30.9%
Leverage 11.91
12.66
15.85
15.42
9.91
9.71
9.31
8.82
8.70
9.04
8.98
growth rate 6.3% 25.2% -2.7% -35.7% -2.0% -4.1% -5.3% -1.4% 3.9% -0.7%
Balance Sheet Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Acct.Receivable 4.40
3.87
3.65
growth rate -12.0% -5.8%
Acct.Payable 4.16
8.38
7.44
2,276.92
2,275.38
2,374.99
2,522.37
growth rate 101.3% -11.3% 30,524.3% -0.1% 4.4% 6.2%
Cur.Assets 182.77
99.02
191.78
211.13
growth rate -45.8% 93.7% 10.1%
Total Assets 2,208.00
1,906.20
1,632.40
1,433.23
1,422.93
1,426.97
2,893.38
2,903.56
3,082.57
3,286.70
growth rate -13.7% -14.4% -12.2% -0.7% 0.3% 102.8% 0.4% 6.2% 6.6%
Cash 16.80
18.90
16.30
261.33
286.28
290.10
164.34
80.79
174.40
190.50
growth rate 12.5% -13.8% 1,503.2% 9.6% 1.3% -43.4% -50.8% 115.9% 9.2%
Inventory 2.00
1.29
0.47
2.26
growth rate -35.2% -63.7% 381.9%
Cur.Liabilities 2,446.43
2,431.63
2,508.29
2,663.03
growth rate -0.6% 3.2% 6.2%
Liabilities 2,033.60
1,766.10
1,506.50
1,268.23
1,276.34
1,273.64
2,565.24
2,569.75
2,741.76
2,920.83
growth rate -13.2% -14.7% -15.8% 0.6% -0.2% 101.4% 0.2% 6.7% 6.5%
LT Debt 37.00
2,008.00
2,009.00
2,010.00
2,011.00
2,012.00
2,013.00
108.49
123.15
219.84
245.52
growth rate 5,327.0% 0.1% 0.1% 0.1% 0.1% 0.1% -94.6% 13.5% 78.5% 11.7%
Equity 178.16
174.40
140.10
125.90
165.00
146.59
153.33
328.14
333.80
340.81
365.87
growth rate -2.1% -19.7% -10.1% 31.1% -11.2% 4.6% 114.0% 1.7% 2.1% 7.4%
Common Shares 8.00
8.00
8.00
9.00
9.00
9.00
9.00
14.00
17.00
16.00
16.00
growth rate 0.0% 0.0% 12.5% 0.0% 0.0% 0.0% 55.6% 21.4% -5.9% 0.0%
Cash Flow Statement Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Capital Expenditures 3.51
0.70
0.00
0.10
0.56
0.57
0.33
2.18
1.08
2.03
5.42
growth rate -80.1% -100.0% 456.0% 2.7% -42.9% 567.2% -50.3% 87.3% 167.8%
Cash Dividends 4.68
2.60
1.10
0.60
1.62
1.27
3.89
4.74
9.52
10.66
12.05
growth rate -44.4% -57.7% -45.5% 170.0% -21.6% 206.2% 21.8% 101.0% 12.0% 13.0%
Cash From OA 19.36
13.60
-8.78
29.60
22.51
17.03
28.68
14.44
36.00
34.60
38.67
growth rate -29.8% -100.0% 100.0% -24.0% -24.3% 68.4% -49.7% 149.4% -3.9% 11.7%
FCF per Share 2.03
1.53
-1.04
3.47
3.27
1.86
3.60
0.85
1.76
1.93
1.95
growth rate -24.6% -100.0% 100.0% -5.8% -43.1% 93.6% -76.4% 107.1% 9.7% 1.0%
Sale Purchase of Stock 0.10
-28.19
0.34
0.51
1.59
2.62
1.94
growth rate -100.0% 100.0% 50.7% 209.3% 64.5% -25.8%
FCF 17.00
13.00
-9.00
29.00
22.00
16.00
28.00
12.00
35.00
33.00
33.00
growth rate -23.5% -100.0% 100.0% -24.1% -27.3% 75.0% -57.1% 191.7% -5.7% 0.0%
Income Statement Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Sales 61.43
53.50
58.90
65.60
78.35
67.91
65.11
90.81
118.21
121.04
124.40
growth rate -12.9% 10.1% 11.4% 19.4% -13.3% -4.1% 39.5% 30.2% 2.4% 2.8%
Op.Income -9.80
-46.60
-13.40
37.49
12.54
17.03
32.41
42.53
45.66
46.00
growth rate 0.0% 0.0% 100.0% -66.6% 35.9% 90.3% 31.2% 7.4% 0.7%
IBT -9.84
-46.60
-13.36
10.12
18.17
25.13
25.20
38.83
46.89
46.08
growth rate 0.0% 0.0% 100.0% 79.5% 38.3% 0.3% 54.1% 20.8% -1.7%
Net Income -5.00
-52.10
-13.30
37.49
12.54
17.03
17.33
27.02
31.91
31.27
growth rate 0.0% 0.0% 100.0% -66.6% 35.9% 1.8% 55.9% 18.1% -2.0%
EPS 1.06
-0.59
-6.23
-1.72
4.07
1.30
1.95
1.28
1.62
1.96
1.90
growth rate -100.0% 0.0% 0.0% 100.0% -68.1% 50.0% -34.4% 26.6% 21.0% -3.1%
Gross Profit 90.81
118.21
121.04
124.40
growth rate 30.2% 2.4% 2.8%

Quarterly Statements

Item Name Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Earnings BIT 13.78
14.14
15.13
growth rate 2.6% 7.0%
Balance Sheet Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Acct.Receivable
growth rate
Acct.Payable 2,489.04
2,522.37
2,540.05
2,529.81
2,508.81
growth rate 1.3% 0.7% -0.4% -0.8%
Cur.Assets 179.38
211.13
213.54
126.58
80.97
growth rate 17.7% 1.1% -40.7% -36.0%
Total Assets 3,254.66
3,286.70
3,293.90
3,288.52
3,300.11
growth rate 1.0% 0.2% -0.2% 0.4%
Cash 177.05
190.50
211.16
125.74
80.02
growth rate 7.6% 10.8% -40.5% -36.4%
Inventory 2.33
2.26
2.38
0.84
0.95
growth rate -2.9% 5.5% -64.7% 12.6%
Cur.Liabilities 2,663.15
2,663.03
2,677.12
2,646.24
2,634.61
growth rate 0.0% 0.5% -1.2% -0.4%
Liabilities 2,892.11
2,920.83
2,925.56
2,913.60
2,920.64
growth rate 1.0% 0.2% -0.4% 0.2%
LT Debt 215.35
245.52
235.69
255.86
286.03
growth rate 14.0% -4.0% 8.6% 11.8%
Equity 362.55
365.87
368.34
374.92
379.47
growth rate 0.9% 0.7% 1.8% 1.2%
Common Shares 309.03
309.77
310.60
311.72
312.54
growth rate 0.2% 0.3% 0.4% 0.3%
Cash Flow Statement Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Capital Expenditures 2.03
1.23
1.43
1.67
growth rate -39.4% 16.1% 16.7%
Cash Dividends 3.09
3.11
3.60
3.60
growth rate 0.5% 15.9% 0.1%
Cash From OA 9.06
13.90
13.05
8.31
growth rate 53.4% -6.2% -36.3%
Sale Purchase of Stock 0.19
0.19
0.23
0.18
growth rate -2.6% 22.8% -23.7%
FCF 7.03
12.67
11.62
6.64
growth rate 80.2% -8.3% -42.8%
Income Statement Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Sales 32.25
32.31
34.58
33.08
34.15
growth rate 0.2% 7.0% -4.4% 3.2%
Op.Income 12.29
13.06
13.43
11.66
12.50
growth rate 6.3% 2.8% -13.2% 7.2%
IBT 12.04
12.46
13.43
11.66
12.50
growth rate 3.5% 7.8% -13.2% 7.2%
Net Income 8.34
7.98
10.88
9.45
10.12
growth rate -4.3% 36.4% -13.2% 7.2%
EPS
growth rate
Gross Profit 32.25
32.31
34.58
33.08
34.15
growth rate 0.2% 7.0% -4.4% 3.2%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

C (62.94)

YOY Growth Grade:

E (20.55)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 15.04 14.09 12.84
EPS / Growth 4.3% 2.21 8.0%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 12.0%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 4.3% 8.1% 8.1%
Future PE 8.54 14.67 14.67
Future EPS 3.36 4.80 4.80
Value Price
MOS %
7.09
-77.2%
17.42
-44.1%
17.42
-44.1%
MOS Price 3.55 8.71 8.71
IRT 10.89 9.25 9.25

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

The functionality you are trying to reach is available to registered users only.

Login to your account or Register Now if you are not registered yet. Registration is FREE and will take only a minute.

Risk / Reward Ratios

The functionality you are trying to reach is available to registered users only.

Login to your account or Register Now if you are not registered yet. Registration is FREE and will take only a minute.