A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
MERCURY GENERAL CORP
MCY
$5.9B
Mkt Cap
$107.28
+1.73%
MERCURY GENERAL CORP (MCY) has a current P/E ratio of 11.0, compared to its historical median P/E of 9.9. The stock is currently considered Fair based on its historical valuation range.
MERCURY GENERAL CORP (MCY) has a 5-year average return on invested capital (ROIC) of 6.3%. This is below average and may indicate limited pricing power.
MERCURY GENERAL CORP (MCY) has a market capitalization of $5.9B. It is classified as a mid-cap stock.
Yes, MERCURY GENERAL CORP (MCY) pays a dividend with a trailing twelve-month yield of 1.18%.
Based on historical P/E analysis, MERCURY GENERAL CORP (MCY) appears fair. The current P/E of 11.0 is 10% above its historical median of 9.9. The estimated fair value CAGR (P/E method) is 13.5%.
MERCURY GENERAL CORP (MCY) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
MERCURY GENERAL CORP (MCY) reported annual revenue of $6.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Mercury General Corporation ("Mercury General") and its subsidiaries (referred to herein collectively as the "Company") are primarily engaged in writing personal automobile insurance through 12 insurance subsidiaries (referred to herein collectively as the "Insurance Companies") in 11 states, principally California. The Company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The Company's insurance policies are mostly sold through independent agents who receive a commission for selling policies. The Company believes that it has thorough underwriting and claims handling processes that, together with its agent relationships, provide the Company with competitive advantages.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.1B | 6.0B | 5.5B | 4.6B | 3.6B | 4.0B |
| Net Income | 840M | 541M | 468M | 96M | -513M | 248M |
| EPS | $15.16 | $9.77 | $8.45 | $1.74 | $-9.26 | $4.48 |
| Free Cash Flow | 1.4B | 1.0B | 991M | 416M | 317M | 460M |
| ROIC | 0.0% | 19.6% | 20.2% | 4.8% | -23.1% | 10.1% |
| Gross Margin | - | 12.4% | 11.7% | 23.8% | 7.4% | 30.6% |
| Debt/Equity | 0.22 | 0.24 | 0.30 | 0.37 | 0.26 | 0.18 |
| Dividends/Share | $1.27 | $1.27 | $1.27 | $1.27 | $1.91 | $2.53 |
| Operating Income | 0 | 664M | 575M | 99M | -671M | 299M |
| Operating Margin | 0.0% | 11.1% | 10.5% | 2.1% | -18.4% | 7.5% |
| ROE | 32.4% | 24.8% | 26.8% | 6.3% | -28.0% | 11.9% |
| Shares Outstanding | 55M | 55M | 55M | 55M | 55M | 55M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.0B | 3.0B | 3.2B | 3.4B | 3.4B | 4.0B | 3.8B | 4.0B | 3.6B | 4.6B | 5.5B | 6.0B | 6.1B |
| Gross Margin | 8.2% | 2.3% | 2.2% | 28.1% | 23.5% | 31.6% | 36.4% | 30.6% | 7.4% | 23.8% | 11.7% | 12.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | 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 | N/A | N/A | N/A | N/A | N/A |
| EBIT | 247M | 71M | 71M | 167M | -31M | 378M | 459M | 299M | -671M | 99M | 575M | 664M | 0 |
| Op. Margin | 8.2% | 2.3% | 2.2% | 4.9% | -0.9% | 9.5% | 12.1% | 7.5% | -18.4% | 2.1% | 10.5% | 11.1% | 0.0% |
| Net Income | 178M | 74M | 73M | 145M | -5.7M | 320M | 375M | 248M | -513M | 96M | 468M | 541M | 840M |
| Net Margin | 5.9% | 2.5% | 2.3% | 4.2% | -0.2% | 8.1% | 9.9% | 6.2% | -14.1% | 2.1% | 8.5% | 9.0% | 13.7% |
| Non-Recurring | 0 | 0 | 0 | 3.1M | 0 | 0 | 0 | 17K | -86K | 5.9M | 20M | 2.7M | 2.7M |
| Returns on Capital | |||||||||||||
| ROIC | 8.7% | 3.7% | 3.8% | 7.5% | -0.3% | 15.4% | 16.4% | 10.1% | -23.1% | 4.8% | 20.2% | 19.6% | 0.0% |
| ROE | 9.6% | 4.0% | 4.1% | 8.2% | -0.3% | 18.7% | 19.6% | 11.9% | -28.0% | 6.3% | 26.8% | 24.8% | 32.4% |
| ROA | 4.0% | 1.6% | 1.6% | 2.9% | -0.1% | 5.7% | 6.1% | 3.8% | -7.7% | 1.4% | 6.1% | 6.1% | 8.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 247M | 190M | 292M | 341M | 383M | 520M | 606M | 502M | 353M | 453M | 1.0B | 1.1B | 1.5B |
| Free Cash Flow | 220M | 170M | 275M | 322M | 355M | 480M | 566M | 460M | 317M | 416M | 991M | 1.0B | 1.4B |
| Owner Earnings | 214M | 164M | 265M | 315M | 358M | 491M | 576M | 468M | 317M | 418M | 994M | 1.0B | 1.1B |
| CapEx | 26M | 20M | 17M | 19M | 28M | 40M | 40M | 41M | 36M | 37M | 46M | 58M | 62M |
| Maint. CapEx | 28M | 27M | 26M | 27M | 25M | 28M | 29M | 34M | 35M | 35M | 38M | 51M | 374M |
| Growth CapEx | 0 | 0 | 0 | 0 | 2.6M | 12M | 11M | 7.8M | 208K | 2.1M | 7.8M | 7.9M | 0 |
| D&A | 28M | 27M | 26M | 27M | 25M | 28M | 29M | 34M | 35M | 35M | 38M | 51M | 374M |
| CapEx/OCF | 10.6% | 10.6% | 5.8% | 5.7% | 7.3% | 7.7% | 6.6% | 8.3% | 10.1% | 8.1% | 4.4% | 5.4% | 4.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 135M | 136M | 137M | 138M | 138M | 139M | 140M | 140M | 105M | 70M | 70M | 70M | 70M |
| Dividend Yield | 8.2% | 7.1% | 6.9% | 6.2% | 6.6% | 6.0% | 7.1% | 5.0% | 4.9% | 4.2% | 2.3% | 1.9% | 1.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.1M | 142K | 142K | 60K | 145K | 123K | 142K | 141K | 15K | 0 | 4.6M | 15M | 15M |
| Debt Repayment | 0 | 0 | 0 | 320M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -222M | -9.5M | -96M | -219M | -193M | -414M | -349M | -101M | -13M | -154M | -429M | -1.1B | -1.2B |
| Cash & Equiv. | 290M | 264M | 220M | 291M | 314M | 294M | 348M | 336M | 290M | 551M | 720M | 1.3B | 1.8B |
| Long-Term Debt | 290M | 290M | 320M | 375M | 375M | 375M | 375M | 375M | 400M | 575M | 575M | 575M | 575M |
| Debt/Equity | 0.23 | 0.24 | 0.29 | 0.21 | 0.23 | 0.21 | 0.18 | 0.18 | 0.26 | 0.37 | 0.30 | 0.24 | 0.22 |
| Interest Coverage | 93.8 | 22.3 | 17.9 | 11.0 | -1.8 | 22.2 | 26.9 | 17.5 | -38.9 | 4.1 | 18.7 | 23.2 | 23.2 |
| Equity | 1.9B | 1.8B | 1.8B | 1.8B | 1.6B | 1.8B | 2.0B | 2.1B | 1.5B | 1.5B | 1.9B | 2.4B | 2.6B |
| Total Assets | 4.6B | 4.6B | 4.8B | 5.1B | 5.4B | 5.9B | 6.3B | 6.8B | 6.5B | 7.1B | 8.3B | 9.6B | 9.9B |
| Total Liabilities | 2.7B | 2.8B | 3.0B | 3.3B | 3.8B | 4.1B | 4.3B | 4.6B | 5.0B | 5.6B | 6.4B | 7.1B | 7.3B |
| Intangibles | 36M | 32M | 26M | 21M | 16M | 11M | 11M | 10M | 9.2M | 8.3M | 7.7M | 6.8M | 6.6M |
| Retained Earnings | 1.8B | 1.7B | 1.7B | 1.7B | 1.5B | 1.7B | 1.9B | 2.0B | 1.4B | 1.4B | 1.8B | 2.3B | 2.5B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | 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 | 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 | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 3.23 | 1.35 | 1.32 | 2.62 | -0.10 | 5.78 | 6.77 | 4.48 | -9.26 | 1.74 | 8.45 | 9.77 | 15.16 |
| Owner EPS | 3.89 | 2.97 | 4.79 | 5.69 | 6.25 | 8.87 | 10.42 | 8.45 | 5.73 | 7.56 | 17.95 | 18.45 | 19.73 |
| Book Value | 34.04 | 33.01 | 31.67 | 31.85 | 28.24 | 32.49 | 36.73 | 38.67 | 27.49 | 27.96 | 35.15 | 43.65 | 46.76 |
| Cash Flow/Share | 4.47 | 3.45 | 5.27 | 6.17 | 6.69 | 9.38 | 10.94 | 9.06 | 6.37 | 8.18 | 18.73 | 19.63 | 21.92 |
| Dividends/Share | 2.46 | 2.47 | 2.48 | 2.49 | 2.50 | 2.51 | 2.52 | 2.53 | 1.91 | 1.27 | 1.27 | 1.27 | 1.27 |
| Shares Out. | 55.1M | 55.2M | 55.3M | 55.3M | 57.3M | 55.4M | 55.3M | 55.3M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M |
| Valuation | |||||||||||||
| P/E Ratio | 11.1 | 23.3 | 31.4 | 14.7 | N/A | 6.7 | 6.5 | 10.3 | N/A | 20.9 | 7.8 | 9.6 | 7.1 |
| P/FCF | 8.9 | 10.2 | 8.3 | 6.6 | 6.2 | 4.5 | 4.3 | 5.5 | 5.3 | 4.8 | 3.7 | 5.1 | 4.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.1 | 1.0 | 1.3 | 1.2 | 1.4 | 1.2 | 1.2 | 1.2 | 1.1 | 1.3 | 1.9 | 2.2 | 2.3 |
| Price/Sales | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.7 | 0.6 | 0.4 | 0.6 | 0.6 | 1.0 |
| FCF Yield | 11.2% | 9.8% | 12.0% | 15.1% | 16.0% | 22.4% | 23.4% | 18.1% | 18.9% | 20.7% | 27.2% | 19.8% | 23.9% |
| Market Cap | 2.0B | 1.7B | 2.3B | 2.1B | 2.2B | 2.1B | 2.4B | 2.5B | 1.7B | 2.0B | 3.6B | 5.2B | 5.9B |
| Avg. Price | 30.04 | 34.91 | 35.94 | 40.22 | 36.84 | 41.76 | 35.39 | 50.19 | 38.88 | 30.22 | 55.37 | 67.89 | 107.28 |
| Year-End Price | 35.80 | 31.41 | 41.40 | 38.64 | 38.72 | 38.72 | 43.68 | 46.05 | 30.24 | 36.30 | 65.76 | 93.95 | 107.28 |
MERCURY GENERAL CORP passes 3 of 9 quality checks, indicating weak fundamentals.
MERCURY GENERAL CORP trades at 11.0x trailing earnings, compared to its 15-year median P/E of 9.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.8x vs a median of 5.2x. The company's 5-year average ROIC is 6.3% with a gross margin of 17.2%. Total shareholder yield (dividends) is 1.2%. At current prices, the estimated annualized return to fair value is +6.6%.
MERCURY GENERAL CORP (MCY) has a net profit margin of 9.0%. This is a modest margin.
MERCURY GENERAL CORP (MCY) generated $1.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MERCURY GENERAL CORP (MCY) has a debt-to-equity ratio of 0.24. This indicates a conservatively financed balance sheet.
MERCURY GENERAL CORP (MCY) reported earnings per share (EPS) of $9.77 in its most recent fiscal year.
MERCURY GENERAL CORP (MCY) has a return on equity (ROE) of 24.8%. This indicates the company generates strong returns for shareholders.
MERCURY GENERAL CORP (MCY) has a 5-year average gross margin of 17.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for MERCURY GENERAL CORP (MCY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MERCURY GENERAL CORP (MCY) has a book value per share of $43.65, based on its most recent annual SEC filing.
No recent press releases.