Mercantile Capital Expenditures vs Free Cash Flow Analysis

MBWM Stock

USD 50.39 1.35 2.75%

Mercantile Bank financial indicator trend analysis is infinitely more than just investigating Mercantile Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mercantile Bank is a good investment. Please check the relationship between Mercantile Bank Capital Expenditures and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mercantile Bank Capital Expenditures account and Free Cash Flow. At this time, the significance of the direction appears to have very week relationship.

The correlation between Mercantile Bank's Capital Expenditures and Free Cash Flow is 0.2. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Mercantile Bank, assuming nothing else is changed. The correlation between historical values of Mercantile Bank's Capital Expenditures and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Mercantile Bank are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Capital Expenditures i.e., Mercantile Bank's Capital Expenditures and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.2

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Capital Expenditures

Capital Expenditures are funds used by Mercantile Bank to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Mercantile Bank operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Mercantile Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mercantile Bank 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.At this time, Mercantile Bank's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Multiple is likely to grow to 10.52, while Tax Provision is likely to drop about 15 M.

	2021	2022	2023	2024 (projected)
Interest Expense	19.4M	23.6M	77.8M	81.7M
Depreciation And Amortization	13.7M	12.9M	11.5M	12.1M

Interest Expense Depreciation And Amortization

Mercantile Bank fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Net	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Property Plant And Equipment Gross	Common Stock	Other Liab	Accounts Payable	Long Term Debt	Short Term Investments
Total Assets		0.94	0.35	0.52	0.98	0.23	0.47	0.31	0.52	0.73	-0.21	1.0	-0.31	0.79	0.91	-0.23	-0.34	0.86	0.71	0.64	0.97	0.76	0.77	-0.35	0.78	0.96
Short Long Term Debt Total	0.94		0.49	0.63	0.91	0.37	0.38	0.3	0.36	0.58	-0.22	0.94	-0.31	0.64	0.95	-0.22	-0.36	0.73	0.54	0.74	0.91	0.58	0.81	-0.2	0.8	0.86
Other Current Liab	0.35	0.49		0.92	0.33	0.59	-0.27	0.1	-0.46	-0.15	0.08	0.36	-0.14	-0.12	0.56	-0.01	-0.17	0.12	-0.08	0.88	0.43	-0.04	0.66	0.08	0.66	0.39
Total Current Liabilities	0.52	0.63	0.92		0.49	0.64	-0.22	0.1	-0.35	-0.01	0.06	0.52	-0.13	0.0	0.73	0.01	-0.17	0.32	0.05	0.98	0.57	0.1	0.81	0.11	0.77	0.54
Total Stockholder Equity	0.98	0.91	0.33	0.49		0.28	0.4	0.35	0.48	0.8	-0.21	0.97	-0.34	0.84	0.86	-0.27	-0.37	0.92	0.8	0.62	0.93	0.85	0.74	-0.41	0.68	0.94
Net Debt	0.23	0.37	0.59	0.64	0.28		-0.72	0.05	-0.64	0.04	0.24	0.23	-0.07	-0.06	0.44	0.02	-0.1	0.21	0.08	0.59	0.27	0.11	0.71	0.06	0.37	0.26
Cash	0.47	0.38	-0.27	-0.22	0.4	-0.72		0.17	0.93	0.42	-0.41	0.47	-0.16	0.56	0.26	-0.18	-0.17	0.35	0.34	-0.08	0.41	0.34	-0.11	-0.2	0.2	0.37
Other Assets	0.31	0.3	0.1	0.1	0.35	0.05	0.17		0.21	0.32	-0.05	0.31	-1.0	0.3	0.28	-0.99	-0.99	0.45	0.3	0.12	0.27	0.31	0.21	0.11	0.15	0.32
Cash And Short Term Investments	0.52	0.36	-0.46	-0.35	0.48	-0.64	0.93	0.21		0.6	-0.33	0.53	-0.18	0.71	0.26	-0.23	-0.17	0.5	0.53	-0.21	0.46	0.52	-0.06	-0.3	0.17	0.47
Common Stock Shares Outstanding	0.73	0.58	-0.15	-0.01	0.8	0.04	0.42	0.32	0.6		-0.17	0.72	-0.29	0.95	0.45	-0.28	-0.28	0.86	0.97	0.14	0.62	0.96	0.33	-0.61	0.22	0.67
Other Stockholder Equity	-0.21	-0.22	0.08	0.06	-0.21	0.24	-0.41	-0.05	-0.33	-0.17		-0.21	0.06	-0.3	-0.15	0.06	0.06	-0.15	-0.14	0.0	-0.07	-0.15	-0.02	0.05	0.11	-0.06
Total Liab	1.0	0.94	0.36	0.52	0.97	0.23	0.47	0.31	0.53	0.72	-0.21		-0.31	0.78	0.91	-0.23	-0.33	0.85	0.7	0.63	0.98	0.75	0.78	-0.34	0.79	0.97
Total Current Assets	-0.31	-0.31	-0.14	-0.13	-0.34	-0.07	-0.16	-1.0	-0.18	-0.29	0.06	-0.31		-0.28	-0.3	0.99	0.99	-0.43	-0.27	-0.15	-0.27	-0.28	-0.22	-0.13	-0.18	-0.31
Property Plant And Equipment Net	0.79	0.64	-0.12	0.0	0.84	-0.06	0.56	0.3	0.71	0.95	-0.3	0.78	-0.28		0.51	-0.26	-0.27	0.84	0.95	0.16	0.69	0.94	0.34	-0.62	0.29	0.73
Retained Earnings	0.91	0.95	0.56	0.73	0.86	0.44	0.26	0.28	0.26	0.45	-0.15	0.91	-0.3	0.51		-0.19	-0.34	0.69	0.42	0.79	0.93	0.47	0.91	-0.03	0.9	0.88
Non Current Assets Total	-0.23	-0.22	-0.01	0.01	-0.27	0.02	-0.18	-0.99	-0.23	-0.28	0.06	-0.23	0.99	-0.26	-0.19		0.98	-0.39	-0.25	-0.02	-0.18	-0.26	-0.11	-0.12	-0.06	-0.23
Non Currrent Assets Other	-0.34	-0.36	-0.17	-0.17	-0.37	-0.1	-0.17	-0.99	-0.17	-0.28	0.06	-0.33	0.99	-0.27	-0.34	0.98		-0.42	-0.26	-0.2	-0.29	-0.27	-0.26	-0.14	-0.21	-0.33
Net Receivables	0.86	0.73	0.12	0.32	0.92	0.21	0.35	0.45	0.5	0.86	-0.15	0.85	-0.43	0.84	0.69	-0.39	-0.42		0.86	0.45	0.78	0.9	0.6	-0.32	0.48	0.84
Common Stock Total Equity	0.71	0.54	-0.08	0.05	0.8	0.08	0.34	0.3	0.53	0.97	-0.14	0.7	-0.27	0.95	0.42	-0.25	-0.26	0.86		0.19	0.62	0.98	0.35	-0.66	0.23	0.69
Non Current Liabilities Total	0.64	0.74	0.88	0.98	0.62	0.59	-0.08	0.12	-0.21	0.14	0.0	0.63	-0.15	0.16	0.79	-0.02	-0.2	0.45	0.19		0.67	0.25	0.82	0.0	0.79	0.63
Property Plant And Equipment Gross	0.97	0.91	0.43	0.57	0.93	0.27	0.41	0.27	0.46	0.62	-0.07	0.98	-0.27	0.69	0.93	-0.18	-0.29	0.78	0.62	0.67		0.66	0.82	-0.3	0.88	0.98
Common Stock	0.76	0.58	-0.04	0.1	0.85	0.11	0.34	0.31	0.52	0.96	-0.15	0.75	-0.28	0.94	0.47	-0.26	-0.27	0.9	0.98	0.25	0.66		0.4	-0.68	0.27	0.74
Other Liab	0.77	0.81	0.66	0.81	0.74	0.71	-0.11	0.21	-0.06	0.33	-0.02	0.78	-0.22	0.34	0.91	-0.11	-0.26	0.6	0.35	0.82	0.82	0.4		0.0	0.86	0.8
Accounts Payable	-0.35	-0.2	0.08	0.11	-0.41	0.06	-0.2	0.11	-0.3	-0.61	0.05	-0.34	-0.13	-0.62	-0.03	-0.12	-0.14	-0.32	-0.66	0.0	-0.3	-0.68	0.0		0.01	-0.33
Long Term Debt	0.78	0.8	0.66	0.77	0.68	0.37	0.2	0.15	0.17	0.22	0.11	0.79	-0.18	0.29	0.9	-0.06	-0.21	0.48	0.23	0.79	0.88	0.27	0.86	0.01		0.83
Short Term Investments	0.96	0.86	0.39	0.54	0.94	0.26	0.37	0.32	0.47	0.67	-0.06	0.97	-0.31	0.73	0.88	-0.23	-0.33	0.84	0.69	0.63	0.98	0.74	0.8	-0.33	0.83

Click cells to compare fundamentals

Mercantile Bank Account Relationship Matchups

Mercantile Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.6B	4.4B	5.3B	4.9B	5.4B	5.6B
Short Long Term Debt Total	400.9M	441.6M	495.9M	445.8M	606.5M	636.9M
Other Current Liab	(22.4M)	(24.3M)	(24.6M)	(78.2M)	1.9B	2.0B
Total Current Liabilities	22.4M	24.3M	24.6M	78.2M	1.9B	2.0B
Total Stockholder Equity	416.6M	441.6M	456.6M	441.4M	522.1M	548.3M
Net Debt	167.2M	(184.4M)	(479.3M)	349.1M	476.0M	499.8M
Cash	233.7M	626.0M	975.2M	96.8M	61.8M	58.7M
Other Assets	2.6B	2.9B	3.0B	3.5B	(598.9M)	(628.9M)
Cash And Short Term Investments	568.4M	1.0B	1.6B	699.7M	130.5M	124.0M
Common Stock Shares Outstanding	16.4M	16.3M	16.0M	15.9M	16.0M	11.8M
Liabilities And Stockholders Equity	3.6B	4.4B	5.3B	4.9B	5.4B	5.6B
Other Stockholder Equity	(305K)	(5.5B)	285.8M	(65.3M)	(75.1M)	(78.9M)
Total Liab	3.2B	4.0B	4.8B	4.4B	4.8B	5.1B
Total Current Assets	568.4M	1.0B	1.6B	699.7M	130.5M	124.0M
Property Plant And Equipment Net	57.3M	59.0M	57.3M	51.5M	50.9M	37.2M
Retained Earnings	107.8M	134.0M	174.5M	216.3M	277.5M	291.4M
Non Current Assets Total	445.3M	498.2M	700.9M	704.5M	5.8B	3.9B
Non Currrent Assets Other	(7.4M)	(11.6M)	(11.6M)	(28.9M)	(717.5M)	(681.6M)
Common Stock Total Equity	305.0M	302.0M	285.8M	290.4M	334.0M	221.9M
Non Current Liabilities Total	400.9M	441.6M	495.9M	78.2M	2.9B	3.0B
Property Plant And Equipment Gross	57.3M	59.0M	94.3M	90.3M	94.7M	99.5M
Accumulated Other Comprehensive Income	3.7M	5.5M	(3.7M)	(65.3M)	(50.5M)	(48.0M)
Common Stock	305.0M	302.0M	285.8M	290.4M	295.1M	280.4M
Other Liab	14.7M	17.5M	14.8M	45.5M	52.3M	54.9M
Accounts Payable	22.4M	24.3M	24.6M	78.2M	70.4M	66.9M
Long Term Debt	46.9M	47.6M	495.9M	445.8M	606.5M	636.9M
Short Term Investments	334.7M	387.3M	592.7M	602.9M	617.1M	647.9M
Property Plant Equipment	57.3M	59.0M	57.3M	51.5M	59.2M	37.9M
Short Term Debt	142.7M	138.4M	291.5M	275.8M	321.7M	337.8M
Net Tangible Assets	363.2M	389.6M	405.7M	391.4M	450.1M	315.3M
Retained Earnings Total Equity	107.8M	134.0M	174.5M	216.3M	248.8M	261.2M
Long Term Debt Total	46.9M	47.6M	121.9M	137.6M	158.2M	166.1M
Inventory	2.3M	811K	452K	701K	806.2K	831.6K
Long Term Investments	3.2B	3.6B	592.7M	602.9M	617.1M	586.2M
Non Current Liabilities Other	102.7M	118.4M	197.5M	194.3M	223.5M	137.1M
Intangible Assets	3.8M	2.4M	1.4M	583K	11.3M	6.0M
Other Current Assets	244.1M	637.6M	984.5M	112.2M	150.2M	142.7M

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:

How To Invest In Mercantile

Details

Is Mercantile Stock a good investment?

Details

What is Mercantile Bank's Net Worth?

Details

Largest Regional Banks Companies

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Largest Banks - Regional Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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 Mercantile Bank. If investors know Mercantile 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 Mercantile Bank 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

(0.07)

Dividend Share

1.4

Earnings Share

4.96

Revenue Per Share

13.795

Quarterly Revenue Growth

0.036

The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's 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 Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's 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 Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's 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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Mercantile Capital Expenditures vs Free Cash Flow Analysis

Capital Expenditures vs Free Cash Flow

Capital Expenditures vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Capital Expenditures

Free Cash Flow

Mercantile Bank fundamental ratios Correlations

Mercantile Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mercantile Bank fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Assets Total	+ 0.99	Total Current Assets
Non Currrent Assets Other	+ 0.99	Total Current Assets
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.98	Total Liab

Total Current Assets	- 1.0	Other Assets
Non Currrent Assets Other	- 0.99	Other Assets
Non Current Assets Total	- 0.99	Other Assets
Cash	- 0.72	Net Debt
Accounts Payable	- 0.68	Common Stock
Accounts Payable	- 0.66	Common Stock Total Equity