MAIN Stock Intrinsic Value – MAIN STREET CAPITAL Reports Fourth Quarter Earnings For Fiscal Year 2022 On February 23, 2023
March 7, 2023
Earnings report
MAIN Stock Intrinsic Value – On February 23, 2023, MAIN STREET CAPITAL ($NYSE:MAIN) reported its earnings results for the fourth quarter of fiscal year 2022, which ended on December 31, 2022. Total revenue for the quarter was USD 106.3 million, an increase of 12.7% compared to the same quarter of the prior year. Net income also increased by 6.7% to USD 130.4 million compared to the same quarter of the prior year. MAIN STREET CAPITAL’s strong performance in the fourth quarter of fiscal year 2022 can be attributed to its ability to capitalize on market opportunities, expand its customer base and increase the efficiency of its operations.
The company’s revenue growth was driven primarily by increased demand for its products and services. Further, its cost management strategies enabled the company to reduce expenses, resulting in a higher net income than the same period of last year. Overall, MAIN STREET CAPITAL’s report for the fourth quarter of fiscal year 2022 was positive and indicates a continued trend of successful financial results. The company’s strong showing indicates that it is well-positioned to continue generating strong earnings in the future.
Market Price
The company opened on Thursday at $40.0 and closed at $40.2, representing an increase of 1.0% from the previous closing price of 39.8. This report also marks the third consecutive quarter of positive growth for the company despite the challenges posed by the pandemic. Investors and analysts are looking forward to the upcoming fourth quarter earnings announcement and are hoping for more positive results from MAIN STREET CAPITAL. 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 |
| 331.15 | 241.61 | 73.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAIN. More…
| Operations | Investing | Financing |
| -246.94 | – | 263.43 |
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 |
| 4.24k | 2.13k | 25.99 |
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 |
| -74.6% | 8.1% | 3.9% |
Analysis – MAIN Stock Intrinsic Value
At GoodWhale, we have performed a careful analysis of the fundamentals of MAIN STREET CAPITAL. We have used our proprietary Valuation Line to calculate the fair value of MAIN STREET CAPITAL share at around $35.1. However, the stock is currently being traded at $40.2, making it a fair price overvalued by 14.5%. This means that investors purchasing MAIN STREET CAPITAL at this price may be overpaying for the stock. More…
Peers
The competition between Main Street Capital Corp and its competitors is fierce. Carlyle Secured Lending Inc, Sierra Income Corp, and BlackRock TCP Capital Corp are all vying for a piece of the pie, and each company has its own unique strengths and weaknesses. Main Street Capital Corp has a strong reputation and a long history of success, but its competitors are not far behind. Carlyle Secured Lending Inc has a more diversified portfolio and a higher risk tolerance, while Sierra Income Corp has a more conservative approach and a focus on income-producing investments. BlackRock TCP Capital Corp is the newest player on the scene, but it has already made a name for itself with its innovative investment strategies.
– Carlyle Secured Lending Inc ($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 is a financial services company that reported a strong quarter of financial performance. Total revenue for the quarter was USD 106.3 million, representing a 12.7% year-over-year increase. Net income also increased 6.7%, to USD 130.4 million.
The company’s investments, including equity and debt securities, yielded strong returns. MAIN STREET CAPITAL’s financial performance indicates a sound investment strategy and strong asset management capabilities, positioning the company well for future growth.
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