First Total Stockholder Equity vs Net Invested Capital Analysis

FRMEP Stock

USD 25.35 0.21 0.82%

First Merchants financial indicator trend analysis is much more than just examining First Merchants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Merchants is a good investment. Please check the relationship between First Merchants Total Stockholder Equity and its Net Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.

Total Stockholder Equity vs Net Invested Capital

Total Stockholder Equity vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Merchants Total Stockholder Equity account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between First Merchants' Total Stockholder Equity and Net Invested Capital is 0.85. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of First Merchants, assuming nothing else is changed. The correlation between historical values of First Merchants' Total Stockholder Equity and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of First Merchants are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Total Stockholder Equity i.e., First Merchants' Total Stockholder Equity and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.85

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from First Merchants' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Merchants current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Merchants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in First Stock, please use our How to Invest in First Merchants guide.At this time, First Merchants' Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Enterprise Value Over EBITDA is likely to grow to 13.57, while Sales General And Administrative To Revenue is likely to drop 0.27.

	2021	2022	2023	2024 (projected)
Operating Income	240.8M	340.5M	259.2M	272.2M
Other Operating Expenses	279.2M	287.7M	736.9M	773.8M

Operating Income Other Operating Expenses

First Merchants fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Other Current Assets	Non Current Liabilities Total	Common Stock	Good Will	Short Term Investments	Intangible Assets
Common Stock Shares Outstanding		0.95	0.87	0.51	0.48	0.96	0.95	0.3	0.93	0.46	0.63	-0.52	0.1	0.68	0.88	0.97	0.94	0.06	0.17	0.65	-0.2	0.5	0.86	0.89	0.79	0.71
Total Assets	0.95		0.92	0.64	0.6	0.99	0.92	0.28	0.99	0.44	0.76	-0.66	-0.04	0.65	0.97	0.98	1.0	-0.22	0.09	0.75	-0.45	0.61	0.77	0.97	0.84	0.73
Short Long Term Debt Total	0.87	0.92		0.67	0.64	0.89	0.87	0.59	0.92	0.13	0.76	-0.5	-0.06	0.33	0.95	0.91	0.92	-0.18	0.25	0.8	-0.3	0.64	0.68	0.92	0.63	0.67
Other Current Liab	0.51	0.64	0.67		1.0	0.61	0.68	0.13	0.71	-0.18	0.99	-0.75	-0.77	0.29	0.78	0.57	0.65	-0.28	-0.34	0.96	-0.39	1.0	0.16	0.72	0.22	0.18
Total Current Liabilities	0.48	0.6	0.64	1.0		0.57	0.66	0.12	0.67	-0.22	0.98	-0.74	-0.8	0.27	0.75	0.54	0.61	-0.23	-0.37	0.95	-0.35	1.0	0.13	0.69	0.17	0.15
Total Stockholder Equity	0.96	0.99	0.89	0.61	0.57		0.92	0.24	0.98	0.48	0.73	-0.62	-0.01	0.71	0.94	0.99	0.99	-0.15	0.03	0.73	-0.4	0.58	0.8	0.97	0.85	0.77
Property Plant And Equipment Net	0.95	0.92	0.87	0.68	0.66	0.92		0.31	0.92	0.28	0.77	-0.58	-0.12	0.62	0.89	0.92	0.91	0.04	0.08	0.78	-0.2	0.67	0.76	0.88	0.64	0.6
Net Debt	0.3	0.28	0.59	0.13	0.12	0.24	0.31		0.26	-0.45	0.15	0.22	0.24	-0.44	0.35	0.33	0.28	0.05	0.62	0.33	0.19	0.12	0.35	0.31	0.05	0.37
Retained Earnings	0.93	0.99	0.92	0.71	0.67	0.98	0.92	0.26		0.38	0.81	-0.69	-0.13	0.63	0.98	0.97	0.99	-0.24	0.01	0.8	-0.46	0.68	0.72	0.98	0.8	0.7
Cash	0.46	0.44	0.13	-0.18	-0.22	0.48	0.28	-0.45	0.38		-0.05	-0.28	0.46	0.78	0.24	0.43	0.44	-0.11	0.0	-0.17	-0.35	-0.21	0.52	0.31	0.77	0.44
Non Current Assets Total	0.63	0.76	0.76	0.99	0.98	0.73	0.77	0.15	0.81	-0.05		-0.8	-0.67	0.4	0.87	0.69	0.76	-0.27	-0.29	0.97	-0.43	0.98	0.3	0.81	0.37	0.31
Non Currrent Assets Other	-0.52	-0.66	-0.5	-0.75	-0.74	-0.62	-0.58	0.22	-0.69	-0.28	-0.8		0.53	-0.6	-0.69	-0.55	-0.66	0.24	0.31	-0.67	0.45	-0.74	-0.26	-0.65	-0.49	-0.2
Other Assets	0.1	-0.04	-0.06	-0.77	-0.8	-0.01	-0.12	0.24	-0.13	0.46	-0.67	0.53		-0.01	-0.22	0.04	-0.04	0.2	0.67	-0.61	0.22	-0.79	0.4	-0.16	0.3	0.34
Cash And Short Term Investments	0.68	0.65	0.33	0.29	0.27	0.71	0.62	-0.44	0.63	0.78	0.4	-0.6	-0.01		0.51	0.66	0.64	0.05	-0.35	0.31	-0.3	0.3	0.6	0.59	0.75	0.51
Net Receivables	0.88	0.97	0.95	0.78	0.75	0.94	0.89	0.35	0.98	0.24	0.87	-0.69	-0.22	0.51		0.93	0.97	-0.28	0.02	0.87	-0.46	0.75	0.64	0.98	0.71	0.66
Other Stockholder Equity	0.97	0.98	0.91	0.57	0.54	0.99	0.92	0.33	0.97	0.43	0.69	-0.55	0.04	0.66	0.93		0.97	-0.1	0.09	0.71	-0.34	0.55	0.83	0.97	0.83	0.82
Total Liab	0.94	1.0	0.92	0.65	0.61	0.99	0.91	0.28	0.99	0.44	0.76	-0.66	-0.04	0.64	0.97	0.97		-0.23	0.09	0.75	-0.45	0.62	0.76	0.97	0.83	0.73
Total Current Assets	0.06	-0.22	-0.18	-0.28	-0.23	-0.15	0.04	0.05	-0.24	-0.11	-0.27	0.24	0.2	0.05	-0.28	-0.1	-0.23		0.14	-0.22	0.93	-0.21	0.12	-0.24	-0.29	-0.15
Short Term Debt	0.17	0.09	0.25	-0.34	-0.37	0.03	0.08	0.62	0.01	0.0	-0.29	0.31	0.67	-0.35	0.02	0.09	0.09	0.14		-0.23	0.25	-0.38	0.33	-0.05	0.08	0.08
Accounts Payable	0.65	0.75	0.8	0.96	0.95	0.73	0.78	0.33	0.8	-0.17	0.97	-0.67	-0.61	0.31	0.87	0.71	0.75	-0.22	-0.23		-0.35	0.95	0.34	0.83	0.33	0.38
Other Current Assets	-0.2	-0.45	-0.3	-0.39	-0.35	-0.4	-0.2	0.19	-0.46	-0.35	-0.43	0.45	0.22	-0.3	-0.46	-0.34	-0.45	0.93	0.25	-0.35		-0.34	-0.08	-0.45	-0.52	-0.31
Non Current Liabilities Total	0.5	0.61	0.64	1.0	1.0	0.58	0.67	0.12	0.68	-0.21	0.98	-0.74	-0.79	0.3	0.75	0.55	0.62	-0.21	-0.38	0.95	-0.34		0.15	0.69	0.18	0.16
Common Stock	0.86	0.77	0.68	0.16	0.13	0.8	0.76	0.35	0.72	0.52	0.3	-0.26	0.4	0.6	0.64	0.83	0.76	0.12	0.33	0.34	-0.08	0.15		0.69	0.81	0.77
Good Will	0.89	0.97	0.92	0.72	0.69	0.97	0.88	0.31	0.98	0.31	0.81	-0.65	-0.16	0.59	0.98	0.97	0.97	-0.24	-0.05	0.83	-0.45	0.69	0.69		0.78	0.77
Short Term Investments	0.79	0.84	0.63	0.22	0.17	0.85	0.64	0.05	0.8	0.77	0.37	-0.49	0.3	0.75	0.71	0.83	0.83	-0.29	0.08	0.33	-0.52	0.18	0.81	0.78		0.81
Intangible Assets	0.71	0.73	0.67	0.18	0.15	0.77	0.6	0.37	0.7	0.44	0.31	-0.2	0.34	0.51	0.66	0.82	0.73	-0.15	0.08	0.38	-0.31	0.16	0.77	0.77	0.81

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First Merchants Account Relationship Matchups

First Merchants fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	51.6M	54.2M	54.0M	58.0M	59.5M	62.5M
Total Assets	12.5B	14.1B	15.5B	17.9B	18.4B	19.3B
Short Long Term Debt Total	489.8M	507.8M	452.7M	975.0M	871.5M	915.1M
Other Current Liab	(6.8M)	229.2M	368.2M	788.5M	10.2B	10.7B
Total Current Liabilities	6.8M	3.3M	2.8M	7.5M	10.4B	10.9B
Total Stockholder Equity	1.8B	1.9B	1.9B	2.0B	2.2B	2.4B
Property Plant And Equipment Net	113.1M	111.1M	105.7M	117.1M	152.8M	160.4M
Net Debt	194.3M	(77.4M)	(188.6M)	726.3M	322.8M	179.2M
Retained Earnings	696.5M	788.6M	864.8M	1.0B	1.2B	1.2B
Cash	295.5M	585.2M	641.3M	248.7M	112.6M	151.4M
Non Current Assets Total	3.3B	3.8B	5.2B	5.1B	20.8B	21.8B
Non Currrent Assets Other	(12.2M)	(12.3M)	(5.2B)	(111.2M)	(4.7B)	(4.5B)
Other Assets	7.0B	7.7B	7.2B	12.5B	(4.2B)	(4.0B)
Cash And Short Term Investments	2.1B	2.5B	3.0B	248.7M	1.7B	1.8B
Net Receivables	48.9M	53.9M	57.2M	85.1M	97.7M	102.5M
Liabilities And Stockholders Equity	12.5B	14.1B	15.5B	17.9B	18.4B	19.3B
Other Stockholder Equity	1.1B	1.0B	985.8M	1.2B	1.2B	1.3B
Total Liab	10.7B	12.2B	13.5B	15.9B	16.2B	17.0B
Total Current Assets	2.1B	2.6B	3.0B	333.7M	1.8B	2.7B
Short Term Debt	287.8M	235.7M	373.7M	803.5M	224.0M	223.5M
Accounts Payable	6.8M	3.3M	2.8M	7.5M	18.9M	19.9M
Other Current Assets	364.1M	652.4M	734.7M	451.4M	751.1M	713.6M
Accumulated Other Comprehensive Income	27.9M	74.8M	55.1M	(239.2M)	(176.0M)	(167.2M)
Non Current Liabilities Total	489.8M	507.8M	452.7M	7.5M	16.2B	17.0B
Common Stock	6.9M	6.7M	6.7M	7.4M	7.4M	4.4M
Short Term Investments	1.8B	1.9B	2.3B	2.0B	1.6B	1.2B
Intangible Assets	35.0M	29.0M	25.5M	35.8M	27.1M	23.2M
Current Deferred Revenue	(281.0M)	(232.5M)	(371.0M)	(796.0M)	(18.9M)	(19.9M)
Other Liab	40.7M	45.3M	109.4M	81.2M	93.4M	68.1M
Net Tangible Assets	1.2B	1.3B	1.3B	1.3B	1.5B	1.3B
Long Term Debt	489.8M	507.8M	452.7M	975.0M	871.5M	687.5M
Inventory	(364.1M)	(652.4M)	(734.7M)	(451.4M)	15.0M	15.7M
Net Invested Capital	2.3B	2.4B	2.4B	3.0B	3.1B	2.7B
Long Term Investments	2.6B	3.1B	4.5B	4.3B	3.8B	3.7B
Capital Stock	7.0M	6.9M	6.8M	32.5M	32.6M	16.9M
Property Plant Equipment	133.8M	129.3M	123.5M	140.7M	161.8M	136.6M

Pair Trading with First Merchants

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Merchants position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Merchants will appreciate offsetting losses from the drop in the long position's value.

Moving together with First Stock

0.65	AX	Axos Financial	Pair Corr
0.66	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.72	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against First Stock

0.75	WF	Woori Financial Group	Pair Corr
0.38	TFC-PO	Truist Financial	Pair Corr
0.31	TFC-PR	Truist Financial	Pair Corr

The ability to find closely correlated positions to First Merchants could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Merchants when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Merchants - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Merchants to buy it.

The correlation of First Merchants is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Merchants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Merchants can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Merchants' price analysis, check to measure First Merchants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Merchants is operating at the current time. Most of First Merchants' value examination focuses on studying past and present price action to predict the probability of First Merchants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Merchants' price. Additionally, you may evaluate how the addition of First Merchants to your portfolios can decrease your overall portfolio volatility.

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