A Business at a Glance
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We, Medallion Financial Corp., or the Company, are a specialty finance company organized as a Delaware corporation. Our strategic focus is growing our consumer finance and commercial lending businesses. Our total assets were $2.9 billion as of December 31, 2024 and $2.6 billion as of December 31, 2023. We conduct our business through various wholly-owned subsidiaries, including: •Medallion Bank, or the Bank, a Federal Deposit Insurance Corporation, or FDIC, insured industrial bank that originates consumer loans, raises deposits and conducts other banking activities; •Medallion Capital, Inc., or Medallion Capital, a Small Business Investment Company, or SBIC, which conducts a mezzanine financing business; •Medallion Funding LLC, or Medallion Funding, an SBIC, historically our primary taxi medallion lending company; and •Freshstart Venture Capital Corp., or Freshstart, which historically originated and serviced taxi medallion and commercial loans and was an SBIC through 2023.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 241M | 214M | 199M | 170M | 159M | 105M |
| Net Income | 41M | 36M | 55M | 44M | 54M | -35M |
| EPS | $1.71 | $1.52 | $2.37 | $1.83 | $2.17 | $-1.42 |
| Free Cash Flow | 0 | 116M | 114M | 109M | 79M | 79M |
| ROIC | 0.0% | 6.1% | 9.5% | 8.5% | 10.7% | -9.0% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.74 | 0.76 | 0.71 | 0.73 | 0.77 | 1.04 |
| Dividends/Share | $0.46 | $0.40 | $0.33 | $0.31 | $0.00 | $0.00 |
| Operating Income | 0 | 127M | 128M | 98M | 109M | -11M |
| Operating Margin | 0.0% | 59.6% | 64.1% | 57.7% | 68.7% | -10.2% |
| ROE | 10.3% | 10.1% | 16.1% | 14.5% | 18.9% | -15.0% |
| Shares Outstanding | 23M | 24M | 23M | 24M | 25M | 24M |
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1.7M | 114M | 118M | 105M | 159M | 170M | 199M | 214M | 241M |
| Gross Margin | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 319K | 66M | 68M | 72M | 73M | 72M | 76M | 74M | 80M |
| EBIT | N/A | 3.7M | 6.1M | -11M | 109M | 98M | 128M | 127M | 0 |
| Op. Margin | 0.0% | 3.2% | 6.3% | -10.2% | 68.7% | 57.7% | 64.1% | 59.6% | 0.0% |
| Net Income | N/A | -25M | 2.0M | -35M | 54M | 44M | 55M | 36M | 41M |
| Net Margin | N/A | -21.9% | 1.7% | -33.2% | 33.9% | 25.8% | 27.6% | 16.8% | 17.0% |
| Non-Recurring | 0 | 5.6M | 5.6M | 5.6M | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||
| ROIC | N/A | -8.6% | 0.5% | -9.0% | 10.7% | 8.5% | 9.5% | 6.1% | 0.0% |
| ROE | N/A | -11.7% | 0.8% | -15.0% | 18.9% | 14.5% | 16.1% | 10.1% | 10.3% |
| ROA | N/A | -2.0% | 0.1% | -2.1% | 2.9% | 1.9% | 2.1% | 1.3% | 1.4% |
| Cash Flow | |||||||||
| Op. Cash Flow | 0 | 67M | 65M | 79M | 79M | 109M | 114M | 116M | 121M |
| Free Cash Flow | N/A | 67M | 65M | 79M | 79M | 109M | 114M | 116M | 0 |
| Owner Earnings | -879K | 60M | 56M | 69M | 70M | 100M | 104M | 103M | 106M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 94K | 5.6M | 7.5M | 7.7M | 6.5M | 5.2M | 5.2M | 6.2M | 8.1M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 94K | 5.6M | 7.5M | 7.7M | 6.5M | 5.2M | 5.2M | 6.2M | 8.1M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||
| Dividends Paid | 0 | 66K | 66K | 66K | 0 | 7.5M | 7.7M | 9.4M | 11M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 21M | 0 | 4.6M | 986K |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2% |
| Stock-Based Comp | 785K | 576K | 1.2M | 2.0M | 2.3M | 3.5M | 4.7M | 6.1M | 6.5M |
| Debt Repayment | 0 | 0 | 11M | 11M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||
| Net Debt | N/A | 111M | 146M | 140M | 111M | 138M | 137M | 128M | 162M |
| Cash & Equiv. | 43M | 58M | 18M | 55M | 64M | 33M | 53M | 98M | 134M |
| Long-Term Debt | N/A | 159M | 175M | 154M | 220M | 214M | 236M | 232M | 216M |
| Debt/Equity | 5.56 | 0.81 | 0.81 | 1.04 | 0.77 | 0.73 | 0.71 | 0.76 | 0.74 |
| Interest Coverage | 0.0 | 0.1 | 1.5 | -0.3 | 3.5 | 2.7 | 2.7 | 1.8 | 1.8 |
| Equity | 164M | 263M | 263M | 231M | 287M | 302M | 343M | 370M | 397M |
| Total Assets | 1.1B | 1.4B | 1.5B | 1.6B | 1.9B | 2.3B | 2.6B | 2.9B | 2.9B |
| Total Liabilities | 913M | 1.1B | 1.2B | 1.3B | 1.5B | 1.9B | 2.2B | 2.4B | 2.4B |
| Intangibles | N/A | 205M | 203M | 202M | 174M | 173M | 171M | 170M | 169M |
| Retained Earnings | N/A | 13M | 11M | -24M | 31M | 67M | 104M | 130M | 153M |
| Working Capital | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 0 | 19M | 16M | 15M | 16M | 23M | 31M | 24M | 24M |
| Per Share Data | |||||||||
| EPS | 0.01 | -1.03 | -0.07 | -1.42 | 2.17 | 1.83 | 2.37 | 1.52 | 1.71 |
| Owner EPS | N/A | 2.48 | 2.25 | 2.82 | 2.81 | 4.18 | 4.47 | 4.37 | 4.56 |
| Book Value | N/A | 10.80 | 10.51 | 9.45 | 11.51 | 12.60 | 14.76 | 15.68 | 17.07 |
| Cash Flow/Share | N/A | 2.74 | 2.59 | 3.21 | 3.16 | 4.54 | 4.90 | 4.89 | 2.11 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.33 | 0.40 | 0.46 |
| Shares Out. | N/A | 24.3M | 25.0M | 24.5M | 24.9M | 24.0M | 23.2M | 23.6M | 23.3M |
| Valuation | |||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.5 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.4 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Cap | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 588M |
| Avg. Price | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 25.26 |
| Year-End Price | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 25.26 |
MEDALLION FINANCIAL CORP passes 1 of 9 quality checks, indicating weak fundamentals.
MEDALLION FINANCIAL CORP trades at 16.6x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.1%. Total shareholder yield (dividends + buybacks) is 2.0%.
MEDALLION FINANCIAL CORP (MBNKO) has a current P/E ratio of 16.6, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
MEDALLION FINANCIAL CORP (MBNKO) has a 5-year average return on invested capital (ROIC) of 5.1%. This is below average and may indicate limited pricing power.
MEDALLION FINANCIAL CORP (MBNKO) has a market capitalization of $588M. It is classified as a small-cap stock.
Yes, MEDALLION FINANCIAL CORP (MBNKO) pays a dividend with a trailing twelve-month yield of 1.82%. The company also returns capital through share buybacks, with a buyback yield of 0.17%.
Based on historical P/E analysis, MEDALLION FINANCIAL CORP (MBNKO) appears expensive. The current P/E of 16.6 is 11% above its historical median of 15.0.
MEDALLION FINANCIAL CORP (MBNKO) operates in the Finance Services industry, within the Financials sector.
MEDALLION FINANCIAL CORP (MBNKO) reported annual revenue of $214 million in its most recent fiscal year, based on SEC EDGAR filings.
MEDALLION FINANCIAL CORP (MBNKO) has a net profit margin of 16.8%. This is a healthy margin.
MEDALLION FINANCIAL CORP (MBNKO) generated $116 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MEDALLION FINANCIAL CORP (MBNKO) has a debt-to-equity ratio of 0.76. This indicates moderate leverage.
MEDALLION FINANCIAL CORP (MBNKO) reported earnings per share (EPS) of $1.52 in its most recent fiscal year.
MEDALLION FINANCIAL CORP (MBNKO) has a return on equity (ROE) of 10.1%. This indicates moderate shareholder returns.
The Ledger Terminal provides 8 years of financial data for MEDALLION FINANCIAL CORP (MBNKO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MEDALLION FINANCIAL CORP (MBNKO) has a book value per share of $15.68, based on its most recent annual SEC filing.