Main Street Capital Stock Z Score
| MAIN Stock | USD 50.23 0.03 0.06% |
Main | Z Score |
Main Street Capital Company Z Score Analysis
Main Street's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Main Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Main Street is extremely important. It helps to project a fair market value of Main Stock properly, considering its historical fundamentals such as Z Score. Since Main Street's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Main Street's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Main Street's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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Based on the company's disclosures, Main Street Capital has a Z Score of 0.0. This is 100.0% lower than that of the Capital Markets sector and 100.0% lower than that of the Financials industry. The z score for all United States stocks is 100.0% higher than that of the company.
Main Street Current Valuation Drivers
We derive many important indicators used in calculating different scores of Main Street from analyzing Main Street's financial statements. These drivers represent accounts that assess Main Street's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Main Street's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 2.1B | 3.1B | 2.8B | 3.5B | 3.7B | |
| Enterprise Value | 3.8B | 3.3B | 4.9B | 4.7B | 5.3B | 5.6B |
Main Street 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, Main Street's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Main Street's managers, analysts, and investors.Environmental | Governance | Social |
Main Street Institutional Holders
Institutional Holdings refers to the ownership stake in Main Street that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Main Street's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Main Street's value.| Shares | Muzinich & Co Inc | 2024-06-30 | 194.3 K | Sumitomo Mitsui Trust Holdings Inc | 2024-06-30 | 191.9 K | Royal Bank Of Canada | 2024-06-30 | 190.3 K | Advisor Group Holdings, Inc. | 2024-06-30 | 184.3 K | Trinity Legacy Partners Llc | 2024-06-30 | 183.6 K | Franklin Resources Inc | 2024-06-30 | 182.2 K | Mckinley Capital Management Llc | 2024-06-30 | 173.6 K | Tectonic Advisors Llc | 2024-06-30 | 143.6 K | Hrt Financial Llc | 2024-06-30 | 141.3 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 3.4 M | Van Eck Associates Corporation | 2024-06-30 | 1.2 M |
Main Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0608 | ||||
| Profit Margin | 0.88 % | ||||
| Operating Margin | 0.88 % | ||||
| Current Valuation | 6.55 B | ||||
| Shares Outstanding | 87.07 M | ||||
| Shares Owned By Insiders | 4.13 % | ||||
| Shares Owned By Institutions | 20.78 % | ||||
| Number Of Shares Shorted | 4.1 M | ||||
| Price To Earning | 85.55 X | ||||
| Price To Book | 1.70 X | ||||
| Price To Sales | 8.47 X | ||||
| Revenue | 401.93 M | ||||
| Gross Profit | 376.86 M | ||||
| EBITDA | 553.66 M | ||||
| Net Income | 428.45 M | ||||
| Cash And Equivalents | 43.38 M | ||||
| Cash Per Share | 0.59 X | ||||
| Total Debt | 1.81 B | ||||
| Debt To Equity | 1.00 % | ||||
| Current Ratio | 0.42 X | ||||
| Book Value Per Share | 29.80 X | ||||
| Cash Flow From Operations | 369.89 M | ||||
| Short Ratio | 11.20 X | ||||
| Earnings Per Share | 5.36 X | ||||
| Price To Earnings To Growth | 2.09 X | ||||
| Target Price | 48.8 | ||||
| Number Of Employees | 100 | ||||
| Beta | 1.3 | ||||
| Market Capitalization | 4.37 B | ||||
| Total Asset | 4.51 B | ||||
| Retained Earnings | 206 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 6.44 % | ||||
| Net Asset | 4.51 B | ||||
| Last Dividend Paid | 2.84 |
About Main Street Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Main Street Capital's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Main Street using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Main Street Capital 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 Main Street
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 Main Street 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 Main Street will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Main Street could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Main Street 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 Main Street - 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 Main Street Capital to buy it.
The correlation of Main Street 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 Main Street moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Main Street Capital 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 Main Street 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 Information and Resources on Investing in Main Stock
When determining whether Main Street Capital offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Main Street's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Main Street Capital Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Main Street Capital Stock:Check out Main Street Piotroski F Score and Main Street Valuation analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Main Street. If investors know Main will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Main Street listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.1) | Dividend Share 2.835 | Earnings Share 5.36 | Revenue Per Share 6.099 | Quarterly Revenue Growth 0.036 |
The market value of Main Street Capital is measured differently than its book value, which is the value of Main that is recorded on the company's balance sheet. Investors also form their own opinion of Main Street's value that differs from its market value or its book value, called intrinsic value, which is Main Street's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Main Street's market value can be influenced by many factors that don't directly affect Main Street's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Main Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Main Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Main Street's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.