A Business at a Glance
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MetroCity Bankshares, Inc. operates in the State Commercial Banks industry, Financials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 147M | 141M | 120M | 138M | 138M | 93M |
| Net Income | 67M | 65M | 52M | 63M | 62M | 36M |
| EPS | $2.59 | $2.52 | $2.02 | $2.44 | $2.39 | $1.41 |
| Free Cash Flow | 61M | 62M | 77M | 132M | 65M | 142M |
| ROIC | 0.0% | 60.6% | 46.2% | 48.0% | 22.4% | 47.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 7.53 | 8.18 | 8.81 | 9.70 | 6.75 |
| Dividends/Share | $0.96 | $0.82 | $0.71 | $0.60 | $0.46 | $0.40 |
| Operating Income | 0 | 167M | 153M | 119M | 87M | 60M |
| Operating Margin | 0.0% | 118.5% | 127.5% | 86.3% | 63.2% | 64.6% |
| ROE | 14.9% | 16.1% | 13.5% | 17.9% | 21.3% | 14.9% |
| Shares Outstanding | 25M | 26M | 26M | 26M | 26M | 26M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 96M | 101M | 93M | 138M | 138M | 120M | 141M | 147M |
| Gross Margin | 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 |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 71M | 83M | 60M | 87M | 119M | 153M | 167M | 0 |
| Op. Margin | 73.8% | 82.4% | 64.6% | 63.2% | 86.3% | 127.5% | 118.5% | 0.0% |
| Net Income | 41M | 45M | 36M | 62M | 63M | 52M | 65M | 67M |
| Net Margin | 43.1% | 44.3% | 39.0% | 44.7% | 45.5% | 43.1% | 45.7% | 45.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | 30.9% | 28.2% | 47.8% | 22.4% | 48.0% | 46.2% | 60.6% | 0.0% |
| ROE | 24.5% | 20.6% | 14.9% | 21.3% | 17.9% | 13.5% | 16.1% | 14.9% |
| ROA | 2.9% | 2.7% | 1.9% | 2.0% | 1.8% | 1.5% | 1.8% | 7250.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | -161M | 32M | 143M | 65M | 135M | 82M | 64M | 62M |
| Free Cash Flow | -164M | 31M | 142M | 65M | 132M | 77M | 62M | 61M |
| Owner Earnings | -163M | 28M | 138M | 61M | 129M | 77M | 58M | 57M |
| CapEx | 2.9M | 1.1M | 537K | 384K | 2.4M | 4.9M | 1.3M | 858K |
| Maint. CapEx | 899K | 2.7M | 2.9M | 2.8M | 3.9M | 2.7M | 3.0M | 3.0M |
| Growth CapEx | 2.0M | 0 | 0 | 0 | 0 | 2.2M | 0 | 0 |
| D&A | 899K | 2.7M | 2.9M | 2.8M | 3.9M | 2.7M | 3.0M | 3.0M |
| CapEx/OCF | N/A | 3.4% | 0.4% | 0.6% | 1.7% | 6.0% | 2.0% | 1.4% |
| Capital Allocation | ||||||||
| Dividends Paid | 9.3M | 10M | 10M | 12M | 15M | 18M | 21M | 24M |
| Dividend Yield | N/A | 3.4% | 3.5% | 2.8% | 3.0% | 4.0% | 3.2% | 3.1% |
| Share Buybacks | 0 | 1.5M | 0 | 5.5M | 8.2M | 2.0M | 10K | 10K |
| Buyback Yield | N/A | 0.4% | N/A | 0.9% | 1.7% | 0.3% | 0.0% | 0.0% |
| Stock-Based Comp | 1.5M | 1.5M | 1.8M | 1.4M | 1.9M | 2.4M | 2.6M | 2.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -227M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 227M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 7.50 | 6.53 | 6.75 | 9.70 | 8.81 | 8.18 | 7.53 | 0.00 |
| Interest Coverage | 4.8 | 3.7 | 5.2 | 19.1 | 4.3 | 1.9 | 2.1 | 2.1 |
| Equity | 169M | 217M | 245M | 290M | 349M | 382M | 421M | 446M |
| Total Assets | 1.4B | 1.6B | 1.9B | 3.1B | 3.4B | 3.5B | 3.6B | 919K |
| Total Liabilities | 1.3B | 1.4B | 1.7B | 2.8B | 3.1B | 3.1B | 3.2B | 2.1B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 129M | 163M | 189M | 239M | 286M | 315M | 359M | 359M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 1.69 | 1.81 | 1.41 | 2.39 | 2.44 | 2.02 | 2.52 | 2.59 |
| Owner EPS | -6.68 | 1.13 | 5.34 | 2.37 | 5.02 | 3.01 | 2.26 | 2.22 |
| Book Value | 6.89 | 8.77 | 9.49 | 11.24 | 13.62 | 14.93 | 16.46 | 17.50 |
| Cash Flow/Share | -6.58 | 1.30 | 5.52 | 2.53 | 5.25 | 3.21 | 2.48 | 2.73 |
| Dividends/Share | 0.38 | 0.42 | 0.40 | 0.46 | 0.60 | 0.71 | 0.82 | 0.96 |
| Shares Out. | 24.5M | 24.7M | 25.8M | 25.8M | 25.7M | 25.6M | 25.6M | 25.5M |
| Valuation | ||||||||
| P/E Ratio | N/A | 8.0 | 8.7 | 10.1 | 7.9 | 11.4 | 12.2 | 12.1 |
| P/FCF | N/A | 11.5 | 2.2 | 9.5 | 3.7 | 7.6 | 12.6 | 13.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.6 | 1.3 | 2.1 | 1.4 | 1.5 | 1.9 | 1.8 |
| Price/Sales | N/A | 3.0 | 3.1 | 3.1 | 3.6 | 3.8 | 4.7 | 5.4 |
| FCF Yield | N/A | 8.7% | 44.8% | 10.5% | 26.7% | 13.1% | 7.9% | 7.7% |
| Market Cap | N/A | 357M | 317M | 621M | 495M | 588M | 786M | 796M |
| Avg. Price | N/A | 12.43 | 11.38 | 16.50 | 19.54 | 17.75 | 25.96 | 31.23 |
| Year-End Price | N/A | 14.45 | 12.29 | 24.05 | 19.30 | 23.03 | 30.72 | 31.23 |
MetroCity Bankshares, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
MetroCity Bankshares, Inc. trades at 12.1x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.0x vs a median of 8.6x. The company's 5-year average ROIC is 45.0%. Total shareholder yield (dividends) is 3.1%. At current prices, the estimated annualized return to fair value is -3.6%.
MetroCity Bankshares, Inc. (MCBS) has a current P/E ratio of 12.1, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
MetroCity Bankshares, Inc. (MCBS) has a 5-year average return on invested capital (ROIC) of 45.0%. This indicates strong capital allocation and a potential competitive advantage.
MetroCity Bankshares, Inc. (MCBS) has a market capitalization of $796M. It is classified as a small-cap stock.
Yes, MetroCity Bankshares, Inc. (MCBS) pays a dividend with a trailing twelve-month yield of 3.06%. The company also returns capital through share buybacks, with a buyback yield of 0.00%.
Based on historical P/E analysis, MetroCity Bankshares, Inc. (MCBS) appears expensive. The current P/E of 12.1 is 28% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is 7.3%.
MetroCity Bankshares, Inc. (MCBS) operates in the State Commercial Banks industry, within the Financials sector.
MetroCity Bankshares, Inc. (MCBS) reported annual revenue of $141 million in its most recent fiscal year, based on SEC EDGAR filings.
MetroCity Bankshares, Inc. (MCBS) has a net profit margin of 45.7%. This is a strong margin indicating high profitability.
MetroCity Bankshares, Inc. (MCBS) generated $62 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MetroCity Bankshares, Inc. (MCBS) has a debt-to-equity ratio of 7.53. This indicates higher leverage, which may increase financial risk.
MetroCity Bankshares, Inc. (MCBS) reported earnings per share (EPS) of $2.52 in its most recent fiscal year.
MetroCity Bankshares, Inc. (MCBS) has a return on equity (ROE) of 16.1%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 7 years of financial data for MetroCity Bankshares, Inc. (MCBS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MetroCity Bankshares, Inc. (MCBS) has a book value per share of $16.46, based on its most recent annual SEC filing.