First Merchants Stock Return On Asset

FRME Stock

USD 44.03 0.63 1.45%

First Merchants fundamentals help investors to digest information that contributes to First Merchants' financial success or failures. It also enables traders to predict the movement of First Stock. The fundamental analysis module provides a way to measure First Merchants' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to First Merchants stock.

Short Long Term Debt Total Total Assets

As of November 23, 2024, Return On Assets is expected to decline to 0.01.

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First Merchants Company Return On Asset Analysis

First Merchants' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current First Merchants Return On Asset

0.0099

Most of First Merchants' fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, First Merchants is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for First Merchants is extremely important. It helps to project a fair market value of First Stock properly, considering its historical fundamentals such as Return On Asset. Since First Merchants' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of First Merchants' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of First Merchants' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Good Will	Common Stock	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Tangible Assets	Capital Surpluse	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Earning Assets	Current Deferred Revenue	Net Invested Capital	Capital Stock
Total Assets		0.99	0.28	0.99	0.97	1.0	-0.22	0.08	0.75	0.99	0.77	0.86	0.92	0.8	0.66	0.89	0.89	0.32	0.55	0.86	0.83	0.39	0.89	0.69
Total Stockholder Equity	0.99		0.24	0.98	0.94	0.99	-0.15	0.01	0.73	0.99	0.8	0.81	0.93	0.82	0.67	0.91	0.9	0.39	0.56	0.8	0.84	0.44	0.84	0.61
Net Debt	0.28	0.24		0.26	0.35	0.28	0.05	0.61	0.33	0.33	0.35	0.46	0.08	0.28	0.39	0.17	0.35	-0.16	0.3	0.3	0.1	-0.37	0.35	0.63
Retained Earnings	0.99	0.98	0.26		0.98	0.99	-0.24	0.01	0.8	0.99	0.72	0.86	0.89	0.81	0.62	0.87	0.87	0.28	0.53	0.89	0.82	0.45	0.9	0.71
Net Receivables	0.97	0.94	0.35	0.98		0.97	-0.28	0.02	0.87	0.98	0.64	0.89	0.81	0.8	0.55	0.79	0.83	0.19	0.5	0.94	0.76	0.44	0.92	0.79
Total Liab	1.0	0.99	0.28	0.99	0.97		-0.23	0.09	0.75	0.98	0.76	0.86	0.91	0.8	0.65	0.88	0.88	0.31	0.55	0.87	0.83	0.38	0.89	0.7
Total Current Assets	-0.22	-0.15	0.05	-0.24	-0.28	-0.23		0.17	-0.22	-0.17	0.12	-0.16	-0.22	-0.22	0.16	-0.17	-0.17	-0.09	0.11	-0.47	-0.45	0.01	-0.56	-0.48
Short Term Debt	0.08	0.01	0.61	0.01	0.02	0.09	0.17		-0.19	0.02	0.29	0.17	0.06	-0.11	0.38	-0.03	0.03	-0.17	0.12	0.0	-0.1	-0.7	0.04	0.23
Accounts Payable	0.75	0.73	0.33	0.8	0.87	0.75	-0.22	-0.19		0.81	0.34	0.71	0.46	0.65	0.34	0.5	0.58	0.03	0.37	0.85	0.49	0.67	0.75	0.71
Good Will	0.99	0.99	0.33	0.99	0.98	0.98	-0.17	0.02	0.81		0.75	0.86	0.87	0.84	0.64	0.86	0.89	0.31	0.55	0.86	0.8	0.45	0.87	0.7
Common Stock	0.77	0.8	0.35	0.72	0.64	0.76	0.12	0.29	0.34	0.75		0.58	0.81	0.51	0.92	0.9	0.9	0.41	0.55	0.43	0.78	0.1	0.61	0.47
Long Term Debt	0.86	0.81	0.46	0.86	0.89	0.86	-0.16	0.17	0.71	0.86	0.58		0.67	0.66	0.48	0.67	0.72	0.11	0.49	0.88	0.6	0.24	0.81	0.77
Short Term Investments	0.92	0.93	0.08	0.89	0.81	0.91	-0.22	0.06	0.46	0.87	0.81	0.67		0.73	0.63	0.93	0.87	0.45	0.48	0.66	0.89	0.26	0.76	0.47
Intangible Assets	0.8	0.82	0.28	0.81	0.8	0.8	-0.22	-0.11	0.65	0.84	0.51	0.66	0.73		0.35	0.7	0.73	0.45	0.5	0.67	0.63	0.32	0.67	0.48
Property Plant Equipment	0.66	0.67	0.39	0.62	0.55	0.65	0.16	0.38	0.34	0.64	0.92	0.48	0.63	0.35		0.75	0.77	0.39	0.6	0.37	0.64	0.12	0.54	0.47
Net Tangible Assets	0.89	0.91	0.17	0.87	0.79	0.88	-0.17	-0.03	0.5	0.86	0.9	0.67	0.93	0.7	0.75		0.97	0.44	0.55	0.63	0.94	0.31	0.79	0.55
Capital Surpluse	0.89	0.9	0.35	0.87	0.83	0.88	-0.17	0.03	0.58	0.89	0.9	0.72	0.87	0.73	0.77	0.97		0.36	0.55	0.67	0.92	0.27	0.83	0.67
Long Term Investments	0.32	0.39	-0.16	0.28	0.19	0.31	-0.09	-0.17	0.03	0.31	0.41	0.11	0.45	0.45	0.39	0.44	0.36		0.5	0.05	0.43	0.24	0.17	-0.14
Short Long Term Debt	0.55	0.56	0.3	0.53	0.5	0.55	0.11	0.12	0.37	0.55	0.55	0.49	0.48	0.5	0.6	0.55	0.55	0.5		0.38	0.41	0.18	0.41	0.3
Long Term Debt Total	0.86	0.8	0.3	0.89	0.94	0.87	-0.47	0.0	0.85	0.86	0.43	0.88	0.66	0.67	0.37	0.63	0.67	0.05	0.38		0.67	0.39	0.93	0.85
Earning Assets	0.83	0.84	0.1	0.82	0.76	0.83	-0.45	-0.1	0.49	0.8	0.78	0.6	0.89	0.63	0.64	0.94	0.92	0.43	0.41	0.67		0.3	0.86	0.62
Current Deferred Revenue	0.39	0.44	-0.37	0.45	0.44	0.38	0.01	-0.7	0.67	0.45	0.1	0.24	0.26	0.32	0.12	0.31	0.27	0.24	0.18	0.39	0.3		0.29	0.08
Net Invested Capital	0.89	0.84	0.35	0.9	0.92	0.89	-0.56	0.04	0.75	0.87	0.61	0.81	0.76	0.67	0.54	0.79	0.83	0.17	0.41	0.93	0.86	0.29		0.9
Capital Stock	0.69	0.61	0.63	0.71	0.79	0.7	-0.48	0.23	0.71	0.7	0.47	0.77	0.47	0.48	0.47	0.55	0.67	-0.14	0.3	0.85	0.62	0.08	0.9

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

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Predict First Merchants

First Total Assets

Total Assets

19.33 Billion

At present, First Merchants' Total Assets are projected to increase significantly based on the last few years of reporting.

Based on the latest financial disclosure, First Merchants has a Return On Asset of 0.0099. This is 102.11% lower than that of the Banks sector and significantly higher than that of the Financials industry. The return on asset for all United States stocks is 107.07% lower than that of the firm.

First Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses First Merchants' direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of First Merchants could also be used in its relative valuation, which is a method of valuing First Merchants by comparing valuation metrics of similar companies.

First Merchants is currently under evaluation in return on asset category among its peers.

First Merchants Current Valuation Drivers

We derive many important indicators used in calculating different scores of First Merchants from analyzing First Merchants' financial statements. These drivers represent accounts that assess First Merchants' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of First Merchants' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	2.1B	2.0B	2.3B	2.4B	2.2B	2.3B
Enterprise Value	2.3B	1.9B	2.1B	3.1B	3.0B	3.1B

First Merchants ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, First Merchants' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to First Merchants' managers, analysts, and investors.

Environmental

Governance

Social

First Fundamentals

	Return On Equity	0.0817
	Return On Asset	0.0099
	Profit Margin	0.30 %
	Operating Margin	0.42 %
	Current Valuation	3.17 B
	Shares Outstanding	58.67 M
	Shares Owned By Insiders	1.56 %
	Shares Owned By Institutions	75.49 %
	Number Of Shares Shorted	469.91 K
	Price To Earning	14.38 X
	Price To Book	1.10 X
	Price To Sales	4.29 X
	Revenue	654.31 M
	Gross Profit	611.39 M
	EBITDA	270.94 M
	Net Income	223.79 M
	Cash And Equivalents	299.12 M
	Cash Per Share	5.06 X
	Total Debt	871.5 M
	Debt To Equity	6.95 %
	Book Value Per Share	39.18 X
	Cash Flow From Operations	258.83 M
	Short Ratio	1.74 X
	Earnings Per Share	3.01 X
	Price To Earnings To Growth	2.68 X
	Target Price	44.0
	Number Of Employees	2.16 K
	Beta	1.02
	Market Capitalization	2.55 B
	Total Asset	18.41 B
	Retained Earnings	1.15 B
	Annual Yield	0.03 %
	Five Year Return	2.58 %
	Net Asset	18.41 B
	Last Dividend Paid	1.38

About First Merchants Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze First Merchants's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of First Merchants using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of First Merchants based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether First Merchants is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if First Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about First Merchants Stock. Highlighted below are key reports to facilitate an investment decision about First Merchants Stock:

How To Invest In First

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Is First Stock a good investment?

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What is First Merchants' Net Worth?

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Largest Banks - Regional Companies

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Largest Financial Services Companies

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Check out First Merchants Piotroski F Score and First Merchants Altman Z Score analysis.

For information on how to trade First Stock refer to our How to Trade First Stock guide.

You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Merchants. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.11)

Dividend Share

1.38

Earnings Share

3.01

Revenue Per Share

10.11

Quarterly Revenue Growth

(0.05)

The market value of First Merchants is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Merchants' value that differs from its market value or its book value, called intrinsic value, which is First Merchants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Merchants' market value can be influenced by many factors that don't directly affect First Merchants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Merchants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Merchants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Merchants Stock Return On Asset

First Merchants Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current First Merchants Return On Asset

First Return On Asset Driver Correlations

First Total Assets

Total Assets

19.33 Billion

First Return On Asset Peer Comparison

First Merchants Current Valuation Drivers

First Merchants ESG Sustainability

First Fundamentals

About First Merchants Fundamental Analysis

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