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.
MidWestOne Financial Group, Inc.
MOFG
$481M
Mkt Cap
MidWestOne Financial Group, Inc. (MOFG) has a current P/E ratio of 14.7, compared to its historical median P/E of 10.0. The stock is currently considered Fair based on its historical valuation range.
MidWestOne Financial Group, Inc. (MOFG) has a 5-year average return on invested capital (ROIC) of 2.8%. This is below average and may indicate limited pricing power.
MidWestOne Financial Group, Inc. (MOFG) has a market capitalization of $1.0B. It is classified as a small-cap stock.
Yes, MidWestOne Financial Group, Inc. (MOFG) pays a dividend with a trailing twelve-month yield of 1.98%.
Based on historical P/E analysis, MidWestOne Financial Group, Inc. (MOFG) appears fair. The current P/E of 14.7 is 47% above its historical median of 10.0. The estimated fair value CAGR (P/E method) is 2.4%.
MidWestOne Financial Group, Inc. (MOFG) operates in the State Commercial Banks industry, within the Financials sector.
MidWestOne Financial Group, Inc. (MOFG) reported annual revenue of $206 million in its most recent fiscal year, based on SEC EDGAR filings.
Note 2.Business Combinations Denver Bankshares, Inc: On January 31, 2024, the Company acquired 100% of the equity of DNVB through a merger of DNVB with and into the Company, and acquired its wholly-owned banking subsidiary, BOD, for cash consideration of $32.6 million. The primary reason for the acquisition was to increase our presence in the Denver, Colorado market. Immediately following the completion of the acquisition, BOD was merged with and into the Bank. The assets acquired and liabilities assumed have been accounted for under the acquisition method of accounting. The assets and liabilities, both tangible and intangible, were recorded at their fair values as of the January 31, 2024 acquisition date, net of any applicable tax effects using a methodology similar to the Company's legacy assets and liabilities (refer to Note 20. Estimated Fair Value of Financial Instruments and Fair Value Measurements for additional information regarding the fair value methodology).
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 239M | 206M | 268M | 244M | 219M | 223M |
| Net Income | 58M | -60M | 21M | 61M | 69M | 6.6M |
| EPS | $2.82 | $-3.54 | $1.33 | $3.87 | $4.37 | $0.41 |
| Free Cash Flow | 79M | 61M | 59M | 88M | 110M | 7.0M |
| ROIC | 8.3% | -9.1% | 3.3% | 9.3% | 9.9% | 0.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.16 | 0.21 | 0.81 | 1.08 | 0.64 | 0.85 |
| Dividends/Share | $0.98 | $0.97 | $0.97 | $0.95 | $0.90 | $0.88 |
| Operating Income | 1.5M | 13M | 2.2M | 8.5M | 89M | 4.5M |
| Operating Margin | 0.6% | 6.5% | 0.8% | 3.5% | 40.8% | 2.0% |
| ROE | 9.6% | -11.1% | 4.1% | 11.9% | 13.3% | 1.3% |
| Shares Outstanding | 21M | 17M | 16M | 16M | 16M | 16M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 69M | 80M | 122M | 136M | 142M | 151M | 214M | 223M | 219M | 244M | 268M | 206M | 239M |
| Gross Margin | 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 |
| 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 | 42M | 25M | 42M | 50M | 48M | 50M | 66M | 66M | 70M | 78M | 76M | 83M | 85M |
| EBIT | N/A | 26M | 33M | 27M | 1.1M | 38M | 3.7M | 4.5M | 89M | 8.5M | 2.2M | 13M | 1.5M |
| Op. Margin | N/A | 32.1% | 27.0% | 20.1% | 0.8% | 25.1% | 1.7% | 2.0% | 40.8% | 3.5% | 0.8% | 6.5% | 0.6% |
| Net Income | 19M | 19M | 25M | 20M | 19M | 30M | 44M | 6.6M | 69M | 61M | 21M | -60M | 58M |
| Net Margin | 27.1% | 23.2% | 20.6% | 15.0% | 13.2% | 20.1% | 20.4% | 3.0% | 31.7% | 24.9% | 7.8% | -29.3% | 24.5% |
| Non-Recurring | 30K | 65K | -29K | 631K | 58K | 0 | 1.1M | 32M | 0 | 0 | 92K | 11M | 11M |
| Returns on Capital | |||||||||||||
| ROIC | 15.7% | 10.0% | 10.3% | 6.8% | 5.8% | 7.0% | 6.9% | 0.9% | 9.9% | 9.3% | 3.3% | -9.1% | 8.3% |
| ROE | 10.6% | 10.0% | 10.3% | 6.8% | 5.8% | 8.7% | 10.1% | 1.3% | 13.3% | 11.9% | 4.1% | -11.1% | 9.6% |
| ROA | 1.1% | 1.0% | 1.1% | 0.7% | 0.6% | 0.9% | 1.1% | 0.1% | 1.2% | 1.0% | 0.3% | -1.0% | 0.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 28M | 23M | 33M | 38M | 41M | 43M | 47M | 9.2M | 112M | 90M | 63M | 63M | 82M |
| Free Cash Flow | 24M | 11M | 18M | 33M | 36M | 37M | 45M | 7.0M | 110M | 88M | 59M | 61M | 79M |
| Owner Earnings | 23M | 20M | 26M | 29M | 32M | 33M | 43M | 3.2M | 99M | 83M | 55M | 56M | 76M |
| CapEx | 4.5M | 12M | 15M | 5.6M | 5.0M | 5.6M | 2.2M | 2.1M | 2.0M | 2.7M | 4.1M | 2.4M | 3.5M |
| Maint. CapEx | 5.2M | 2.7M | 6.6M | 8.4M | 8.4M | 9.0M | 2.8M | 4.6M | 10M | 5.1M | 5.1M | 5.2M | 4.0M |
| Growth CapEx | 0 | 9.6M | 8.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 5.2M | 2.7M | 6.6M | 8.4M | 8.4M | 9.0M | 2.8M | 4.6M | 10M | 5.1M | 5.1M | 5.2M | 4.0M |
| CapEx/OCF | 16.0% | 53.0% | 45.5% | 14.8% | 12.2% | 13.0% | 4.6% | 23.2% | 1.8% | 2.9% | 6.5% | 3.8% | 4.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.3M | 4.9M | 6.3M | 7.3M | 8.1M | 9.5M | 11M | 14M | 14M | 15M | 15M | 17M | 20M |
| Dividend Yield | 2.9% | 3.2% | 2.8% | 2.9% | 2.5% | 3.1% | 3.3% | 4.7% | 3.5% | 3.5% | 4.5% | 4.0% | 2.0% |
| Share Buybacks | 967K | 4.0M | 0 | 0 | 0 | 2.1M | 4.7M | 4.6M | 12M | 2.7M | 0 | 0 | 0 |
| Buyback Yield | 0.6% | 2.3% | N/A | N/A | N/A | 0.9% | 1.1% | 1.4% | 2.6% | 0.6% | N/A | N/A | 0.0% |
| Stock-Based Comp | 384K | 493K | 634K | 731K | 868K | 1.0M | 1.2M | 1.4M | 2.2M | 2.5M | 2.4M | 1.9M | 2.1M |
| Debt Repayment | 0 | 0 | 2.5M | 5.0M | 5.0M | 5.0M | 93M | 91M | 49M | 209M | 92M | 335M | 335M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -417M | -401M | -399M | -390M | -158M | -488M | -1.3B | -2.2B | -709M | -453M | -1.4B | -1.3B |
| Cash & Equiv. | 25M | 23M | 44M | 41M | 45M | 44M | 73M | 83M | 204M | 86M | 82M | 205M | 1.4B |
| Long-Term Debt | N/A | 0 | 373K | 467K | 3.2M | 169M | 232M | 209M | 155M | 139M | 123M | 113M | 98M |
| Debt/Equity | 8.86 | 0.41 | 0.23 | 0.39 | 0.30 | 0.84 | 0.73 | 0.85 | 0.64 | 1.08 | 0.81 | 0.21 | 0.16 |
| Interest Coverage | 3.1 | 3.7 | 4.1 | 3.1 | 2.9 | 2.7 | 0.1 | 0.1 | 5.4 | 0.3 | 0.0 | 0.1 | 51.6 |
| Equity | 178M | 193M | 296M | 305M | 340M | 357M | 509M | 515M | 527M | 493M | 524M | 560M | 606M |
| Total Assets | 1.8B | 1.8B | 3.0B | 3.1B | 3.2B | 3.3B | 4.7B | 5.6B | 6.0B | 6.6B | 6.4B | 6.2B | 6.2B |
| Total Liabilities | 1.6B | 1.6B | 2.7B | 2.8B | 2.9B | 2.9B | 4.1B | 5.0B | 5.5B | 6.1B | 5.9B | 5.7B | 5.6B |
| Intangibles | 18M | 8.3M | 19M | 15M | 12M | 9.9M | 32M | 25M | 20M | 30M | 24M | 25M | 21M |
| Retained Earnings | 91M | 105M | 124M | 137M | 148M | 169M | 201M | 188M | 243M | 289M | 295M | 218M | 245M |
| 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 | 2.18 | 2.19 | 2.42 | 1.78 | 1.55 | 2.48 | 2.93 | 0.41 | 4.37 | 3.87 | 1.33 | -3.54 | 2.82 |
| Owner EPS | 2.66 | 2.37 | 2.46 | 2.53 | 2.63 | 2.67 | 2.92 | 0.20 | 6.24 | 5.26 | 3.51 | 3.29 | 3.70 |
| Book Value | 20.86 | 22.79 | 28.54 | 26.66 | 28.21 | 29.18 | 34.18 | 31.90 | 33.17 | 31.35 | 33.44 | 32.86 | 29.37 |
| Cash Flow/Share | 3.31 | 2.75 | 3.15 | 3.33 | 3.40 | 3.49 | 3.18 | 0.57 | 7.02 | 5.75 | 3.99 | 3.71 | 3.03 |
| Dividends/Share | 0.50 | 0.58 | 0.60 | 0.64 | 0.67 | 0.78 | 0.81 | 0.88 | 0.90 | 0.95 | 0.97 | 0.97 | 0.98 |
| Shares Out. | 8.5M | 8.5M | 10.4M | 11.5M | 12.1M | 12.2M | 14.9M | 16.2M | 15.9M | 15.7M | 15.7M | 17.0M | 20.6M |
| Valuation | |||||||||||||
| P/E Ratio | 9.1 | 9.5 | 9.2 | 16.0 | 16.8 | 7.8 | 10.0 | 49.7 | 6.4 | 7.3 | 19.1 | N/A | 17.5 |
| P/FCF | 7.1 | 16.0 | 12.9 | 10.0 | 8.7 | 6.4 | 9.7 | 46.8 | 4.1 | 5.0 | 6.8 | 7.9 | 12.9 |
| EV/EBIT | N/A | 5.0 | 5.8 | 8.6 | 7.4 | 8.8 | 219.8 | 170.9 | 7.1 | 114.1 | 373.7 | 44.7 | -222.3 |
| Price/Book | 1.0 | 0.9 | 0.8 | 1.1 | 0.9 | 0.7 | 0.9 | 0.6 | 0.8 | 0.9 | 0.8 | 0.9 | 1.7 |
| Price/Sales | 2.1 | 2.1 | 2.0 | 2.0 | 2.5 | 2.4 | 2.0 | 1.6 | 2.0 | 2.0 | 2.1 | 6.0 | 4.3 |
| FCF Yield | 14.0% | 6.2% | 7.7% | 10.0% | 11.5% | 15.7% | 10.4% | 2.1% | 24.5% | 19.8% | 14.7% | 12.6% | 7.8% |
| Market Cap | 170M | 175M | 230M | 325M | 314M | 237M | 436M | 329M | 446M | 442M | 399M | 481M | 1.0B |
| Avg. Price | 17.14 | 17.74 | 21.85 | 21.93 | 26.50 | 25.00 | 23.68 | 18.53 | 25.46 | 27.35 | 21.42 | 24.38 | 49.31 |
| Year-End Price | 19.87 | 20.75 | 22.18 | 28.41 | 26.01 | 19.39 | 29.26 | 20.36 | 28.08 | 28.14 | 25.42 | 28.24 | 49.31 |
MidWestOne Financial Group, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
MidWestOne Financial Group, Inc. trades at 14.7x trailing earnings, compared to its 15-year median P/E of 10.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.9x vs a median of 8.3x. The company's 5-year average ROIC is 2.8%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is +10.0%.
MidWestOne Financial Group, Inc. (MOFG) has a net profit margin of -29.3%. The company is currently unprofitable.
MidWestOne Financial Group, Inc. (MOFG) generated $61 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MidWestOne Financial Group, Inc. (MOFG) has a debt-to-equity ratio of 0.21. This indicates a conservatively financed balance sheet.
MidWestOne Financial Group, Inc. (MOFG) reported earnings per share (EPS) of $-3.54 in its most recent fiscal year.
MidWestOne Financial Group, Inc. (MOFG) has a return on equity (ROE) of -11.1%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 16 years of financial data for MidWestOne Financial Group, Inc. (MOFG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MidWestOne Financial Group, Inc. (MOFG) has a book value per share of $32.86, based on its most recent annual SEC filing.