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Our viewpoint on Middlefield Banc (USA Stocks:MBCN) and SunLink Health (USA Stocks:SSY)?

July 16, 2023  By
Middlefield Banc (MBCN) and SunLink Health (SSY) present intriguing investment opportunities in the US stock market. Middlefield Banc, a regional bank with a market capitalization of $212.1M, has shown steady performance with a net income of $15.7M and a gross profit of $56.9M. The bank's total assets stand at a robust $1.69B, with a manageable total debt of $77.06M. Despite a minor loss of $185K to net income, the bank maintains a healthy operating margin of 0.42% and a return on equity of 0.1. The bank's Price to Earnings ratio is 9.90X, and its Price to Book ratio is 1.83X, suggesting the stock is reasonably valued. With a beta of 0.5652, the stock exhibits lower volatility compared to the market, making it a potentially safer investment. The bank's shares are not heavily shorted, with a short percent of 0.0317 and a short ratio of 3.91. Middlefield Banc's cash per share stands at 22.29X, and its book value per share is 24.13X. The bank's 52-week high and low are $29.31 and $21.9149, respectively, and it has a target price of $27.5. The bank's probability of bankruptcy is 38.57%, which investors should consider in their risk assessment. SunLink Health's financial data was not provided, but a comparative analysis between the two companies would provide a comprehensive investment perspective. As of the latest update on July 15, 2023, Middlefield Banc's performance suggests it could be a solid addition to a diversified investment portfolio. SunLink Health is expected to continue its rapid recovery, with its shares surging by 3.23%, outpacing Middlefield Banc's 1.35%. While some of us are intrigued by the banking sector, we will assess the financial health of both Middlefield Banc and SunLink Health. Our focus will be on some of the competitive aspects of both companies.
Published over a year ago
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Reviewed by Raphi Shpitalnik

Middlefield Banc (USA Stocks: MBCN) offers a compelling investment opportunity with a robust net income applicable to common shares of $15.7M and an impressive profit margin of 27.11%. With an operating income of $25M and EBITDA of $25.47M, the company's financial health is solid. The company's cash flow from operations stands at $18.36M, providing ample liquidity for future investments and growth. Moreover, with a price to earning ratio of 9.90X, the stock is reasonably valued. However, investors should note the probability of bankruptcy stands at 38.57%, indicating a moderate level of risk. Despite this, the company's solid financials and attractive valuation make it a potential candidate for investment.

Rigorous look

By examining the existing fundamental indicators between Middlefield Banc and SunLink, we can assess the impact of market volatilities on the prices of both companies. This analysis can help determine if they can mitigate market risk when combined in one of your portfolios. Pair trading strategies can also be used, such as matching a long position in SunLink with a short position in Middlefield Banc. For more information, please refer to our pair correlation module. Now, let's delve into the assets. The asset utilization indicator measures the revenue generated for every dollar of assets a company currently holds. Middlefield Banc has an asset utilization ratio of 3.26 percent, indicating that the company generates $0.0326 for each dollar of assets. A rising asset utilization ratio suggests that Middlefield Banc is becoming more efficient with each dollar of assets it uses for its daily operations.
Investment perspective, in general, refers to a viewpoint or opinion regarding investment opportunity in Middlefield Banc. It encompasses the assessment of an investment's potential risks and rewards, and expectations for its performance over time. Several factors influence the investment perspective on Middlefield Banc, including investment goals, risk tolerance, time horizon, market conditions, and research and analysis. Investors have varying goals, such as capital preservation, income generation, or long-term growth. Risk tolerance plays a significant role in shaping an investor's perspective, with some being more risk-averse and others willing to take on higher risks for potential returns.

How important is Middlefield Banc's Liquidity

Middlefield Banc financial leverage refers to using borrowed capital as a funding source to finance Middlefield Banc ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Middlefield Banc financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Middlefield Banc's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Middlefield Banc's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Middlefield Banc's total debt and its cash.

How does Middlefield utilize its cash?

At this time, Middlefield Banc's Depreciation is very stable compared to the past year. . To perform a cash flow analysis of Middlefield Banc, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Middlefield Banc is receiving and how much cash it distributes out in a given period. The Middlefield Banc cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.

Middlefield Banc Gross Profit

Middlefield Banc Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Middlefield Banc previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Middlefield Banc Gross Profit growth over the last 10 years. Please check Middlefield Banc's gross profit and other fundamental indicators for more details.

Is Middlefield Banc valued appropriately by the market?

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Let me now analyze Middlefield Banc revenue. Based on the latest financial disclosure, Middlefield Banc reported 55.02 M of revenue. This is 99.51% lower than that of the Banks sector and significantly higher than that of the Financials industry. The revenue for all United States stocks is 99.42% higher than that of Middlefield Banc. As for SunLink Health we see revenue of 41.34 M, which is much higher than that of the Financials
Middlefield55.02 Million
Sector0.0
SunLink41.34 Million
55 M
Middlefield
Sector
41.3 M
SunLink
Middlefield Banc (USA Stocks: MBCN) and SunLink Health (USA Stocks: SSY) present interesting investment opportunities in the financial services sector. Middlefield Banc, a regional bank with a market capitalization of $212.09M, has shown resilience with a 52-week high of $29.31 and a low of $21.9149.
The bank's net asset stands at a robust $1.69B, with a book value of $24.128, indicating a healthy financial position. The bank's operating margin stands at 0.42%, with an operating income of $25M. Despite a short percent of 0.0317, the bank's shares are primarily owned by institutions, at 26.35%, demonstrating institutional confidence in the bank's performance. The bank's return on assets is 0.011, and it has a beta of 0.57, suggesting lower volatility compared to the market. Middlefield Banc's price to book ratio is 1.83X, indicating that the market values the company higher than its book value. The bank's total debt is $77.06M, which is manageable given its total assets. The bank's net income stands at $15.67M, with a profit margin of 0.27%, demonstrating efficient operations. However, the bank's probability of bankruptcy stands at 38.57%, which is a risk factor for potential investors. Despite this, the bank's Z score of 1.81 suggests it is not in immediate danger of bankruptcy. Overall, Middlefield Banc presents a stable investment opportunity with potential upside. .

Will price continue to roll up in August 2023?

Despite the recent drop in Kurtosis to -0.27 for Middlefield Banc stock, suggesting a potential decrease in price, it is crucial to consider other market factors and indicators before making any conclusions. A negative Kurtosis typically signifies a distribution with thinner tails and a flatter peak compared to a normal distribution, indicating less volatility and fewer extreme values. However, this alone does not necessarily predict a price drop. Investors should closely monitor other key indicators such as market trends, earnings reports, and economic news, which could influence the stock's performance in August 2023. Middlefield Banc exhibits very low volatility with a skewness of 0.29 and a kurtosis of -0.27. However, we recommend investors to further study Middlefield Banc's technical indicators to ensure that all market information is available and reliable. Understanding different market volatility trends often helps investors to time the market accurately. Proper use of volatility indicators allows traders to measure Middlefield Banc's stock risk against market volatility during both bullish and bearish trends.
The higher level of volatility that accompanies bear markets can directly impact Middlefield Banc's stock price, adding stress to investors as they watch the value of their shares plummet. This usually compels investors to rebalance their portfolios by purchasing different stocks as prices fall. In conclusion, Middlefield Banc Corp (MBCN) presents a compelling investment opportunity for the month of August. With a single analyst hold rating and a consensus target price of $27, it appears that the market is yet to fully appreciate the intrinsic value of the stock. The company's real value stands at $26.47, slightly above the current market value of $26.22, indicating potential for price appreciation. The valuation hype value of $26.13 further suggests that the stock is not overhyped. Given these factors, and considering the fiscal year end in December, investors may want to consider adding MBCN to their portfolios. However, as always, potential investors should conduct their own due diligence before making investment decisions. .

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Editorial Staff

Ellen Johnson is a Member of Macroaxis Editorial Board. Ellen covers public companies in North America, focusing primarily on valuation and volatility. Six years of experience in predictive investment analytics and risk management. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Middlefield Banc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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