First Merchants (FRME) Financial Ratios Annual - Discounting Cash Flows
First Merchants Corporation
FRME (NASDAQ)

* (except for per share items) of USD
Period Ending: LTM
(Last Twelve Months)
2023
12-31
2022
12-31
2021
12-31
2020
12-31
2019
12-31
2018
12-31
2017
12-31
2016
12-31
2015
12-31
2014
12-31
2013
12-31
2012
12-31
2011
12-31
2010
12-31
2009
12-31
2008
12-31
2007
12-31
2006
12-31
2005
12-31
2004
12-31
2003
12-31
2002
12-31
2001
12-31
2000
12-31
1999
12-31
1998
12-31
1997
12-31
1996
12-31
1995
12-31
1994
12-31
1993
12-31
1992
12-31
1991
12-31
1990
12-31
1989
12-31
1988
12-31
1987
12-31
Price Ratios
Price to Earnings Ratio
9.826 10.68 10.96 13.61 13.00 10.61 19.75 18.92 14.69 13.70 15.14 9.399 8.892 34.33 -3.072 19.44 12.62 16.58 15.85 17.80 16.89 12.73 13.42 12.89 16.51 20.25 20.37 13.31 13.15 11.96 11.22 13.09 9.484 7.768 9.199 9.811 11.06
Price to Sales Ratio
3.378 3.776 4.333 4.110 4.823 4.065 5.447 5.257 3.686 3.263 3.226 1.958 1.164 1.117 0.593 2.421 2.599 3.460 3.287 3.741 3.350 2.953 3.595 3.540 4.624 5.839 5.987 3.841 3.741 3.304 3.040 3.315 2.371 1.958 2.300 0.000 0.000
Price to Book Ratio
0.978 1.166 1.178 1.078 1.197 1.199 1.455 1.701 1.130 1.134 1.062 0.768 0.436 0.477 0.270 1.014 1.175 1.530 1.530 1.664 1.532 1.357 1.664 1.647 2.497 2.371 2.405 1.547 1.617 1.550 1.418 1.598 1.102 0.909 1.088 0.000 0.000
Price to Free Cash Flow Ratio
8.496 8.848 15.74 9.874 -15.95 9.368 -6.208 14.35 -3.575 -11.75 2.845 -11.06 2.627 2.670 7.110 10.29 8.051 13.80 10.31 13.10 7.093 27.59 10.36 10.13 14.34 26.42 20.52 11.86 13.42 9.737 11.22 10.98 7.678 6.385 7.599 0.000 0.000
Price to Operating Cash Flow Ratio
8.496 8.848 10.86 9.874 11.99 9.368 15.00 14.35 16.96 10.87 3.683 6.036 2.627 2.670 7.110 10.29 8.051 13.80 10.31 13.10 7.093 20.02 9.550 8.631 12.27 19.25 17.78 10.38 11.03 8.802 8.636 9.542 6.789 5.976 6.899 0.000 0.000
Price Earnings to Growth Ratio
-4.182 40.79 0.282 -0.968 -14.00 0.205 2.807 1.259 3.484 0.811 0.000 0.030 -0.305 -0.275 0.011 -0.570 2.300 0.000 5.041 3.360 -1.512 2.578 2.040 1.177 3.067 2.722 3.905 4.970 1.709 2.368 0.897 1.309 0.854 1.321 0.802 0.757 0.000
EV to EBITDA
Liquidity Ratios
Current Ratio
39.72 44.32 1,102 778.3 316.0 1,371 1,648 1,786 1,658 1,358 2,295 1,753 1,034 13.86 19.01 460.9 378.5 311.9 446.8 587.3 542.2 25.01 314.7 248.8 315.4 321.4 37.43 17.55 19.87 15.63 0.678 1.583 1.136 0.897 1.103 0.000 0.000
Quick Ratio
39.72 104.3 1,368 976.8 369.9 1,371 1,648 1,786 1,658 1,358 2,295 1,753 1,034 13.86 19.01 460.9 378.5 311.9 446.8 587.3 542.2 25.01 314.7 248.8 315.4 321.4 37.43 17.55 19.87 15.63 0.678 1.583 1.136 0.897 1.103 0.000 0.000
Cash Ratio
29.01 33.02 232.2 178.0 43.75 31.43 43.26 49.00 43.49 51.90 92.89 75.99 43.13 0.545 0.774 13.92 19.17 10.86 13.48 17.98 18.22 1.041 13.23 8.437 13.17 20.03 1.590 0.651 1.974 1.146 0.559 1.430 0.994 0.779 0.998 0.000 0.000
Debt Ratio
0.047 0.054 0.029 0.036 0.039 0.046 0.059 0.059 0.054 0.047 0.046 0.048 0.080 0.074 0.072 0.104 0.150 0.096 0.157 0.138 0.125 0.133 0.098 0.101 0.129 0.095 0.047 0.056 0.049 0.061 0.075 0.060 0.082 0.104 0.121 0.000 0.000
Debt to Equity Ratio
0.388 0.479 0.237 0.271 0.274 0.322 0.425 0.474 0.427 0.374 0.392 0.374 0.647 0.681 0.700 1.253 1.673 1.044 1.622 1.401 1.261 1.367 0.974 1.048 1.504 0.847 0.389 0.481 0.435 0.552 0.682 0.581 0.839 1.096 1.307 0.000 0.000
Long Term Debt to Capitalization
0.279 0.324 0.191 0.213 0.215 0.244 0.298 0.322 0.299 0.272 0.282 0.272 0.393 0.405 0.412 0.556 0.626 0.511 0.619 0.584 0.558 0.513 0.493 0.512 0.601 0.264 0.145 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Total Debt to Capitalization
0.279 0.324 0.191 0.213 0.215 0.244 0.298 0.322 0.299 0.272 0.282 0.272 0.393 0.405 0.412 0.556 0.626 0.511 0.619 0.584 0.558 0.577 0.493 0.512 0.601 0.459 0.280 0.325 0.303 0.356 0.405 0.367 0.456 0.523 0.567 0.000 0.000
Interest Coverage Ratio
0.744 4.015 6.698 2.561 1.782 3.723 4.614 5.170 4.810 4.897 4.756 3.691 1.895 1.059 0.103 1.319 1.365 1.430 1.659 1.826 1.731 1.778 1.609 1.494 1.623 1.617 1.616 1.620 1.692 1.876 1.794 1.570 1.376 1.319 1.287 0.000 0.000
Cash Flow to Debt Ratio
0.297 0.275 0.458 0.403 0.364 0.397 0.228 0.250 0.156 0.279 0.736 0.340 0.257 0.262 0.054 0.079 0.087 0.106 0.091 0.091 0.171 0.050 0.179 0.182 0.135 0.145 0.347 0.310 0.337 0.319 0.241 0.288 0.193 0.139 0.121 0.000 0.000
Margins
Gross Profit Margin
100.51% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.52% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 0.00% 0.00%
Operating Profit Margin
39.82% 54.20% 46.31% 34.54% 43.71% 61.93% 49.82% 47.57% 45.76% 42.32% 37.69% 40.23% 37.22% 30.64% 3.74% 71.68% 104.51% 97.37% 75.16% 67.30% 65.21% 79.65% 108.81% 124.56% 111.58% 115.36% 117.76% 115.64% 107.47% 90.69% 92.21% 105.52% 134.56% 156.30% 155.26% 0.00% 0.00%
Pretax Profit Margin
39.82% 40.70% 46.31% 34.54% 43.71% 45.30% 38.36% 37.25% 34.93% 32.27% 28.32% 28.15% 17.58% 1.71% -32.75% 17.33% 27.97% 29.30% 29.85% 30.44% 27.54% 34.85% 41.17% 41.19% 42.82% 44.01% 44.90% 44.27% 43.97% 42.34% 40.19% 38.31% 36.76% 37.82% 34.65% 0.00% 0.00%
Net Profit Margin
34.38% 35.36% 39.52% 30.20% 37.10% 38.32% 27.58% 27.79% 25.08% 23.81% 21.30% 20.83% 13.09% 3.25% -19.29% 12.45% 20.59% 20.87% 20.73% 21.02% 19.83% 23.20% 26.79% 27.46% 28.01% 28.84% 29.39% 28.85% 28.45% 27.63% 27.10% 25.32% 25.00% 25.21% 25.00% 0.00% 0.00%
Operating Cash Flow Margin
39.76% 42.67% 39.88% 41.62% 40.24% 43.40% 36.32% 36.64% 21.74% 30.01% 87.59% 32.44% 44.32% 41.85% 8.34% 23.54% 32.29% 25.07% 31.88% 28.55% 47.23% 14.75% 37.65% 41.02% 37.68% 30.34% 33.67% 37.00% 33.91% 37.54% 35.20% 34.74% 34.93% 32.77% 33.33% 0.00% 0.00%
Free Cash Flow Margin
39.76% 42.67% 27.52% 41.62% -30.23% 43.40% -87.73% 36.64% -103.08% -27.78% 113.37% -17.71% 44.32% 41.85% 8.34% 23.54% 32.29% 25.07% 31.88% 28.55% 47.23% 10.70% 34.71% 34.95% 32.26% 22.10% 29.18% 32.38% 27.87% 33.93% 27.10% 30.19% 30.88% 30.67% 30.26% 0.00% 0.00%
Return
Return on Assets
1.22% 1.24% 1.33% 1.06% 1.32% 1.61% 1.03% 1.12% 0.97% 1.03% 0.82% 1.05% 0.61% 0.15% -0.91% 0.43% 0.84% 0.85% 0.93% 0.92% 0.90% 1.04% 1.24% 1.23% 1.30% 1.31% 1.41% 1.35% 1.40% 1.43% 1.39% 1.26% 1.14% 1.11% 1.09% 0.00% 0.00%
Return on Equity
9.96% 10.91% 10.75% 7.92% 9.21% 11.30% 7.37% 8.99% 7.69% 8.28% 7.01% 8.17% 4.91% 1.39% -8.79% 5.21% 9.31% 9.23% 9.65% 9.35% 9.07% 10.66% 12.40% 12.78% 15.12% 11.71% 11.80% 11.62% 12.30% 12.96% 12.65% 12.21% 11.62% 11.70% 11.83% 0.00% 0.00%
Return on Capital Employed
1.41% 1.90% 1.56% 1.21% 1.56% 2.60% 1.85% 1.92% 1.76% 1.84% 1.45% 2.03% 1.72% 1.50% 0.18% 2.49% 4.26% 3.97% 3.39% 2.95% 2.95% 3.69% 5.06% 5.60% 5.18% 5.25% 5.81% 5.75% 5.56% 5.00% 5.12% 5.62% 6.68% 7.67% 7.70% 0.00% 0.00%
Return on Invested Capital
1.25% 1.67% 1.39% 1.10% 1.35% 2.24% 1.36% 1.47% 1.29% 1.40% 1.12% 1.55% 1.32% 2.95% 0.11% 1.84% 3.27% 2.91% 2.42% 2.09% 2.19% 2.54% 3.43% 3.86% 3.53% 3.66% 3.97% 3.89% 4.01% 3.53% 3.54% 4.11% 4.99% 5.62% 6.44% 0.00% 0.00%
Turnover Ratios
Receivables Turnover Ratio
0.000 7.384 9.093 9.121 9.066 9.777 8.783 11.00 10.43 11.98 10.34 11.43 10.88 10.37 10.15 6.913 6.567 5.944 7.407 808.9 8.257 6.918 6.895 5.528 6.035 5.804 5.444 5.279 5.613 5.946 5.632 5.220 3.886 3.606 3.455 0.000 0.000
Payables Turnover Ratio
-0.175 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.404 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Inventory Turnover Ratio
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Fixed Asset Turnover Ratio
4.260 5.363 4.922 4.430 3.922 4.446 3.634 3.089 2.669 3.253 2.808 4.107 3.781 3.692 3.786 2.779 3.458 3.413 3.700 3.658 3.508 3.105 2.995 3.042 3.393 3.141 3.182 2.967 3.314 3.505 3.415 4.053 3.886 4.034 3.800 0.000 0.000
Asset Turnover Ratio
0.035 0.035 0.034 0.035 0.036 0.042 0.037 0.040 0.039 0.043 0.038 0.050 0.046 0.046 0.047 0.035 0.041 0.041 0.045 0.044 0.045 0.045 0.046 0.045 0.046 0.045 0.048 0.047 0.049 0.052 0.051 0.050 0.046 0.044 0.044 0.000 0.000
Per Share Items ()
Revenue Per Share
10.98 10.89 9.668 9.102 8.623 8.430 7.722 7.161 6.897 6.973 7.044 7.580 7.276 7.930 10.02 9.175 8.403 7.859 7.910 7.566 7.615 7.349 6.061 5.537 4.904 3.866 3.582 3.973 3.964 3.777 3.661 3.475 3.210 2.875 2.726 0.000 0.000
Operating Cash Flow Per Share
4.364 4.646 3.856 3.789 3.470 3.658 2.805 2.624 1.499 2.093 6.170 2.459 3.225 3.319 0.835 2.159 2.713 1.970 2.522 2.160 3.597 1.084 2.282 2.271 1.848 1.173 1.206 1.470 1.344 1.418 1.289 1.207 1.121 0.942 0.909
Free Cash Flow Per Share
4.364 4.646 2.661 3.789 -2.607 3.658 -6.775 2.624 -7.110 -1.937 7.985 -1.342 3.225 3.319 0.835 2.159 2.713 1.970 2.522 2.160 3.597 0.786 2.104 1.935 1.582 0.854 1.046 1.286 1.105 1.282 0.992 1.049 0.991 0.882 0.825
Cash & Short Term Investments
36.69 38.57 55.52 46.33 40.56 26.76 26.38 20.85 20.98 19.75 23.61 22.86 24.32 27.14 26.78 6.812 8.728 5.498 4.293 4.287 4.669 5.586 5.308 4.075 4.358 5.219 3.115 3.089 7.872 5.263 3.068 6.228 5.758 5.291 7.522
Earnings Per Share
3.773 3.850 3.821 2.749 3.199 3.230 2.130 1.990 1.730 1.660 1.500 1.579 0.953 0.258 -1.934 1.142 1.730 1.640 1.640 1.590 1.510 1.705 1.624 1.520 1.374 1.115 1.053 1.146 1.128 1.044 0.992 0.880 0.802 0.725 0.682 0.000 0.000
EBITDA Per Share
Dividend Per Share
1.382 1.285 1.138 1.046 0.997 0.846 0.705 0.545 0.414 0.295 0.269 0.260 0.178 0.242 0.676 0.929 0.922 0.921 0.921 0.922 0.907 0.857 0.813 0.788 0.705 0.565 0.504 0.473 0.444 0.408 0.365 0.327 0.307 0.266 0.239 0.000 0.000
Enterprise Value Per Share
15.09 19.44 -5.209 0.478 10.55 16.71 27.96 27.29 14.06 10.51 7.501 -0.795 -3.284 -5.626 -5.441 42.85 44.21 40.26 49.27 47.85 41.83 37.97 29.23 28.00 31.98 25.41 21.81 16.91 10.95 11.66 13.41 9.478 7.645 7.128 6.282 0.000 0.000
Book Value Per Share
37.90 35.27 35.56 34.70 34.75 28.58 28.90 22.14 22.50 20.05 21.39 19.32 19.41 18.58 22.00 21.91 18.59 17.78 17.00 17.01 16.65 15.99 13.10 11.90 9.082 9.519 8.920 9.862 9.171 8.053 7.847 7.210 6.903 6.197 5.764 0.000 0.000
Price Per Share
37.08 41.11 41.89 37.41 41.59 34.27 42.06 37.65 25.42 22.75 22.72 14.84 8.470 8.860 5.940 22.21 21.84 27.19 26.00 28.30 25.51 21.70 21.79 19.60 22.68 22.57 21.45 15.26 14.83 12.48 11.13 11.52 7.610 5.630 6.270 0.000 0.000
Dividend Ratios
Dividend Payout Ratio
36.61% 33.39% 29.79% 38.05% 31.18% 26.18% 33.12% 27.39% 23.94% 17.78% 17.95% 16.49% 18.73% 93.92% -34.97% 81.28% 53.27% 56.13% 56.16% 57.96% 60.05% 50.28% 50.10% 51.81% 51.31% 50.65% 47.92% 41.22% 39.39% 39.13% 36.78% 37.18% 38.24% 36.67% 35.09%
Annual Dividend Yield
3.73% 3.13% 2.72% 2.80% 2.40% 2.47% 1.68% 1.45% 1.63% 1.30% 1.19% 1.75% 2.11% 2.74% 11.38% 4.18% 4.22% 3.39% 3.54% 3.26% 3.55% 3.95% 3.73% 4.02% 3.11% 2.50% 2.35% 3.10% 3.00% 3.27% 3.28% 2.84% 4.03% 4.72% 3.81%
Effective Tax Rate
13.67% 13.14% 14.64% 12.58% 15.13% 15.41% 28.09% 25.41% 28.19% 26.23% 24.79% 26.02% 25.53% -89.91% 41.08% 28.14% 26.39% 28.77% 30.54% 30.95% 27.99% 33.43% 34.93% 33.33% 34.59% 34.47% 34.55% 34.83% 35.29% 34.75% 34.11% 33.90% 32.00% 33.33% 27.85% 0.00% 0.00%
Short Term Coverage Ratio
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.217 0.000 0.000 0.000 0.000 0.616 0.310 0.337 0.319 0.241 0.288 0.193 0.139 0.121 0.000 0.000
Capital Expenditure Coverage Ratio
0.000 0.000 3.227 0.000 0.571 0.000 0.293 0.000 0.174 0.519 3.398 0.647 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 3.645 12.80 6.756 6.946 3.682 7.500 8.000 5.619 10.42 4.346 7.643 8.636 15.60 10.86 0.000 0.000
EBIT Per Revenue
0.398 0.542 0.463 0.345 0.437 0.619 0.498 0.476 0.458 0.423 0.377 0.402 0.372 0.306 0.037 0.717 1.045 0.974 0.752 0.673 0.652 0.796 1.088 1.246 1.116 1.154 1.178 1.156 1.075 0.907 0.922 1.055 1.346 1.563 1.553 0.000 0.000
EBITDA Per Revenue
Days of Sales Outstanding
0.000 49.43 40.14 40.02 40.26 37.33 41.56 33.17 35.01 30.46 35.29 31.94 33.54 35.20 35.97 52.80 55.58 61.41 49.28 0.451 44.21 52.76 52.94 66.02 60.48 62.88 67.04 69.14 65.03 61.38 64.81 69.92 93.93 101.2 105.7 0.000 0.000
Days of Inventory Outstanding
0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Days of Payables Outstanding
-2,085 0.000 0.000 0.000 0.000 0.000 0.000 0.000 902.9 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Cash Conversion Cycle
2,085 49.43 40.14 40.02 40.26 37.33 41.56 33.17 -867.9 30.46 35.29 31.94 33.54 35.20 35.97 52.80 55.58 61.41 49.28 0.451 44.21 52.76 52.94 66.02 60.48 62.88 67.04 69.14 65.03 61.38 64.81 69.92 93.93 101.2 105.7 0.000 0.000
Cash Conversion Ratio
1.157 1.207 1.009 1.378 1.085 1.133 1.317 1.318 0.867 1.261 4.113 1.557 3.385 12.86 -0.432 1.890 1.568 1.201 1.538 1.358 2.382 0.636 1.405 1.494 1.346 1.052 1.146 1.282 1.192 1.359 1.299 1.372 1.397 1.300 1.333 0.000 0.000
Free Cash Flow to Earnings
1.157 1.207 0.696 1.378 -0.815 1.133 -3.181 1.318 -4.110 -1.167 5.323 -0.850 3.385 12.86 -0.432 1.890 1.568 1.201 1.538 1.358 2.382 0.461 1.296 1.273 1.152 0.766 0.993 1.122 0.980 1.228 1.000 1.192 1.235 1.217 1.211 0.000 0.000
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Discounting Cash Flows

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