Analysis Mercantile Investment Trust PLC (MINXF)
6/2/2024
Analysis of Mercantile Investment Trust PLC (MINXF)
Mercantile Investment Trust PLC is showing a consistent price trend with minor fluctuations. The stock has been trading in a narrow range with no significant price movements. Technical indicators such as RSI, MACD, and moving averages are not providing any clear signals due to the lack of volatility in the stock price.It seems that Mercantile Investment Trust PLC is currently in a consolidation phase, with investors possibly waiting for a catalyst to drive the stock price in either direction. Traders may need to exercise caution and wait for a breakout or a significant news event before making any trading decisions.
Overall, Mercantile Investment Trust PLC appears to be stable but lacking momentum at the moment. It would be advisable to closely monitor the stock for any developments that could potentially impact its price movement.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The quarter before that, ending on January 31, 2025, had results released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuations metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong cash flow with operating cash flow at $110.56 billion and levered free cash flow at $84.73 billion. The balance sheet shows a total cash of $67.15 billion, total debt of $104.59 billion, and a current ratio of 1.037. The profit margin is 26.31%, with a fiscal year ending on September 30, 2023. The company has an EBITDA of $131.39 billion, revenue of $381.62 billion, and a diluted EPS of 6.43. The operating margin is 30.74%, with a return on assets of 22.07% and return on equity of 147.25%.
In terms of stock statistics, the company has a short ratio of 1.53, with 15.31 billion float shares and 99.29 million shares shorted. The average 10-day volume is 46.86 million shares, while the average 90-day volume is 57.50 million shares. The company has 15.33 billion shares outstanding, with 5.22% held by insiders and 57.59% held by institutions.
Valuation metrics show a PEG ratio of 26.32, forward PE of 26.32, and trailing PE of 29.59. The enterprise value is $2.95 trillion, with a price to book ratio of 39.34, price to sales ratio of 7.65, enterprise to EBITDA ratio of 22.76, and enterprise to revenue ratio of 7.73. The market capitalization is $2.92 trillion.
The stock price summary includes a beta of 1.26, 50-day moving average of $176.26, 200-day moving average of $181.04, a 52-week low of $164.08, a 52-week high of $199.62, and a 52-week change of 6.85%.
Lastly, dividends and splits information shows a payout ratio of 14.93%, with a dividend date of May 16, 2024. The last split date was on August 31, 2020, with a 4-for-1 split factor. The forward annual dividend rate is $1, with a 5-year average dividend yield of 0.73% and a forward annual dividend yield of 0.53%. The trailing annual dividend rate is $0.97, with a trailing annual dividend yield of 0.51%.
Income statement 💸
These are the revenue figures. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite the increase in sales, the cost of goods sold has also been rising, indicating a potential need for cost management.
3. The gross profit margin has remained relatively stable over the years, indicating efficient cost control measures.
4. Earnings before interest and taxes (EBIT) have shown an increasing trend, reaching $117.7 billion in 2023 from $69.96 billion in 2020.
5. Net income has also been on the rise, reaching $97.0 billion in 2023 from $57.41 billion in 2020.
6. The company has been able to maintain a consistent diluted EPS over the years, with minor fluctuations.
7. Operating income has shown a positive trend, indicating operational efficiency and effectiveness.
8. The company has been able to generate consistent income from its core operations, as seen in the net income from continuous operations.
9. Overall, the financial performance of the company in terms of revenue and profitability has been positive and improving over the years.
Revenue estimate
The analysts' estimates for the future quarterly and annual sales of the company indicate a moderate growth trend.For the current quarter ending on June 30, 2024, the average estimate is $77,545,400,000, representing a 2% increase from the same quarter last year. The number of analysts providing estimates is 25.
Looking at the next quarter ending on September 30, 2024, the average estimate is $85,501,800,000, with a sales growth of 3% compared to the previous year. Again, 25 analysts have contributed to these estimates.
For the current fiscal year ending on September 30, 2024, the average estimate is $357,772,000,000, showing a 1% growth from the previous year. The number of analysts providing estimates for the annual sales is 38.
In the following fiscal year ending on September 30, 2025, the average estimate is $380,772,000,000, indicating a more significant growth of 6% from the current fiscal year. The number of analysts remains at 38.
Overall, the estimates suggest a steady growth trajectory for the company's sales in both the short term and the long term.
Growth estimates
Based on the consensus estimates provided:- The company is expected to experience a growth rate of 7.6% in the current year and 9.7% in the next year.
- For the current quarter and the next quarter, the growth rate is estimated to be around 5.1%.
- Over the next 5 years, the company is projected to have a compound annual growth rate (CAGR) of approximately 9.7%.
- However, when looking at the past 5 years, the company had a higher growth rate of around 20.1% per annum.
Overall, it appears that the company is expected to maintain a solid growth trajectory, although at a slightly lower rate compared to the past 5 years.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $250
- Median: $200
- Average: $202.26
- Current price: $191.57
- Currency: USD
Based on these forecasts, we can see that the analysts have a wide range of opinions on the future price of the security, with the low end at $164, the high end at $250, and the average at $202.26. The current price is $191.57, which is below the average and median forecast. Investors should consider these different perspectives when making decisions about buying or selling the security.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching $365,725,000,000 in 2018.
2. Current assets have fluctuated, with the highest value in 2019 at $162,819,000,000.
3. Non-current assets have shown an increasing trend, with the highest value in 2019 at $175,697,000,000.
4. Total liabilities have also been increasing, reaching $255,355,000,000 in 2018.
5. Shareholders' equity has shown an increasing trend, with the highest value in 2018 at $107,147,000,000.
6. The company has been relying more on non-current assets to support its operations.
7. There has been a consistent increase in shareholders' equity, indicating a positive trend in the company's financial health.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has been consistently higher than free cash flow, indicating that the company is generating sufficient cash from its core operations.
3. The company has been paying a significant amount in income taxes each year, with the highest amount paid in 2021.
4. The company has been consistently paying interest on its debts each year.
5. The end cash position has also been fluctuating, with the highest value in 2020 and the lowest in 2022.
6. The company has been actively involved in financing activities such as common stock repurchase, issuance of long-term debt, and payment of dividends.
7. Investing activities show a mix of acquisitions, capital expenditures, and sale/purchase of investments over the years.
8. Overall, the company's cash flow statement reflects a mix of operational, financing, and investing activities that have impacted its cash position over the years.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share (EPS):1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.23, with a low estimate of $1.18 and a high estimate of $1.26. This shows an improvement compared to the EPS of $1.17 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.42, with a low estimate of $1.33 and a high estimate of $1.51. This also indicates growth from the EPS of $1.35 in the same quarter last year.
3. Looking at the estimates for the current year ending on September 30, 2024, the average EPS estimate is $6.10, ranging from a low estimate of $5.95 to a high estimate of $6.41. This reflects an increase from the EPS of $5.67 for the previous year.
4. For the next year ending on September 30, 2025, the average EPS estimate is $6.69, with a low estimate of $5.92 and a high estimate of $7.31. This suggests a slight improvement from the EPS of $6.10 in the current year.
Overall, the analysts' estimates point towards a positive trend of increasing earnings per share for the company in both the short term and the long term.
This is not investment advice. Remember to verify the information provided here.
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