MBWM
Mercantile Bank Corp
Price:  
39.38 
USD
Volume:  
24,063.00
United States | Banks
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MBWM Fair Value

105.74 %
Upside

As of 2024-05-22, the Fair Value of Mercantile Bank Corp (MBWM) is 81.02 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.38 USD, the upside of Mercantile Bank Corp is 105.74%.

39.38 USD
Stock Price
81.02 USD
Fair Price
FAIR VALUE CALCULATION

MBWM Fair Value

Peter Lynch's formula is:

MBWM Fair Value
= Earnings Growth Rate x TTM EPS
MBWM Fair Value
= 15.77 x 5.14
MBWM Fair Value
= 81.02

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 49.50 44.10 59.00 61.10 82.22 59.18
YoY growth 17.86% -10.91% 33.79% 3.56% 34.56% 15.77%

MBWM Fair Value - Key Data

Market Cap (mil) 634.81
P/E 7.67x
Forward P/E 7.50x
EPS 5.14
Avg earnings growth rate 15.77%
TTM earnings 82.81