MAIN Intrinsic Value – Analysts at Defense World Issue ‘Hold’ Rating on Main Street Capital Co. Stock
June 9, 2023
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Analysts at Defense World recently released a Consensus Rating of “Hold” for Main Street Capital ($NYSE:MAIN) Co. (MAIN STREET CAPITAL), a business development company specializing in providing senior debt, equity and mezzanine capital to lower middle market companies. MAIN STREET CAPITAL is a publicly traded, closed-end non-diversified investment company whose shares are listed on the New York Stock Exchange under the symbol “MAIN”. The company seeks to provide attractive returns to its shareholders by investing in and providing financial advisory services to companies which have the potential for growth.
To achieve its objective of providing attractive returns to its shareholders, MAIN STREET CAPITAL focuses on a variety of investment strategies including direct investments in portfolio companies, direct restructuring and refinancing opportunities across the capital structure, secondary investments in limited partnership interests, and investments in other private investment vehicles. The company also provides financial advisory services to its portfolio companies.
Stock Price
On Tuesday, analysts at Defense World issued a ‘Hold’ rating for Main Street Capital Co. stock. The stock opened at $40.6 and closed at $40.4, representing a 0.1% decrease from its previous closing price of $40.5. This rating may cause investors to remain hesitant to purchase shares of Main Street Capital Co., especially given the current market volatility. As the company looks to build on its strong performance from this year, investors may want to wait for further updates before deciding to buy or sell their shares of Main Street Capital Co. stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MAIN. More…
| Total Revenues | Net Income | Net Margin |
| 354.53 | 256 | 72.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAIN. More…
| Operations | Investing | Financing |
| -177.29 | – | 199.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MAIN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.29k | 2.12k | 26.87 |
Key Ratios Snapshot
Some of the financial key ratios for MAIN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.8% | – | – |
| FCF Margin | ROE | ROA |
| -50.0% | 8.2% | 4.1% |
Analysis – MAIN Intrinsic Value
At GoodWhale, we have conducted a financial analysis of MAIN STREET CAPITAL, and have determined that the fair value of MAIN STREET CAPITAL share is around $46.6. This calculation was made using our proprietary Valuation Line, which is an advanced tool used to assess the intrinsic value of a company. This presents an opportunity to investors, as they can purchase this stock at a price that is lower than its actual value. More…
Peers
The competition between Main Street Capital Corp and its competitors is fierce. Carlyle Secured Lending Inc, Sierra Income Corp, and BlackRock TCP Capital Corp are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. Main Street Capital Corp has a strong reputation and a long history of success, but its competitors are not far behind. Carlyle Secured Lending Inc has a more diversified portfolio and a higher risk tolerance, while Sierra Income Corp has a more conservative approach and a focus on income-producing investments. BlackRock TCP Capital Corp is the newest player on the scene, but it has already made a name for itself with its innovative investment strategies.
– Carlyle Secured Lending Inc ($NASDAQ:CGBD)
Carlyle Secured Lending Inc is a US based company that focuses on providing secured loans to borrowers. The company operates in two segments, Carlyle Lending and Carlyle Asset Management. Carlyle Lending offers loans to borrowers using real estate as collateral while Carlyle Asset Management provides loans against other types of collateral. As of 2022, Carlyle Secured Lending Inc had a market cap of 658.55M and a ROE of 7.86%.
– Sierra Income Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp is a publicly traded business development company that focuses on providing financing solutions to middle market companies in the United States. The company has a market cap of 687.43 million as of 2022 and a return on equity of 4.28 percent. BlackRock TCP Capital Corp was founded in 1997 and is headquartered in Santa Monica, California.
Summary
Main Street Capital Corporation (MAIN) has earned a consensus “Hold” rating from analysts at Defense World. Investors should consider this rating when assessing the potential of MAIN as an investment opportunity. MAIN is a publicly traded business development company (BDC) that primarily provides customized debt and equity financing solutions to lower middle-market companies in the United States.
MAIN seeks long-term capital appreciation through capital appreciation of its investments and dividend income from its portfolio companies. These factors make MAIN an attractive investment for those seeking steady income and capital appreciation.
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