Monroe Capital Corporation (MRCC) 10-Year Financial Performance & Capital Metrics

MRCC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutMonroe Capital Corporation is a business development company specializing in customized financing solutions in senior, unitranche and junior secured debt, subordinated debt financing and to a lesser extent, unsecured debt and equity, including equity co-investments in preferred and common stock and warrants. It also provides financing primarily to leveraged buyouts in lower middle-market companies. It focuses to invest in the United States and Canada. The fund prefers to invest in companies with EBITDA between $3 and $35 million. Its makes minority equity investments.Show more

Net Interest Income $19M -51.9%
Total Revenue $35M +30.3%
Net Income $10M +2515.6%
Return on Equity 4.91% +2735.0%
Net Interest Margin 3.85% -49.7%
Efficiency Ratio 12.61% -20.6%
ROA 1.93% +2710.0%
Equity / Assets 39.08% -1.6%
Book Value per Share 8.85 -5.9%
Tangible BV/Share 8.85 -5.9%
Debt/Equity 1.52 +3.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Strong NIM of 3.8%
✓Efficient operations: 12.6% efficiency ratio
✓Well capitalized: 39.1% equity/assets
✓Trading at only 0.8x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.3%
✗Profits declining 12.8% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y7.45%

5Y-3.47%

3Y-13.31%

TTM-

Profit (Net Income) CAGR

10Y-3.54%

5Y-12.77%

3Y-33.13%

TTM-132.22%

EPS CAGR

10Y-11.04%

5Y-13.7%

3Y-33.2%

TTM-82.67%

ROCE

10Y Avg5.12%

5Y Avg1.59%

3Y Avg0.67%

Latest2.04%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	-5.4M	33.11M	40.98M	-12.27M	0	37.99M	32.98M	35.07M	39.25M	18.87M
NII Growth %	-0.24%	7.13%	0.24%	-1.3%	1%	-	-0.13%	0.06%	0.12%	-0.52%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	36.9M	39M	48.22M	53.79M	0	53.8M	46.85M	50.02M	60.79M	40.79M
Interest Expense	4.57M	5.88M	7.24M	10.86M	0	15.81M	13.87M	14.95M	21.54M	21.92M
Loan Loss Provision	6.32M	0	0	-87K	18.4M	0	0	0	0	-1.32M
Non-Interest Income+	-15.16M	-4.19M	-24.43M	-43.99M	41.98M	-31.48M	7.18M	-30.58M	-33.78M	-5.59M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.73M	34.81M	23.78M	9.8M	41.98M	22.32M	54.03M	19.45M	27M	35.19M
Revenue Growth %	0.27%	0.6%	-0.32%	-0.59%	3.28%	-0.47%	1.42%	-0.64%	0.39%	0.3%
Non-Interest Expense	3.84M	6.42M	-9.46M	3.96M	4.35M	4.5M	7.42M	5.87M	4.29M	4.44M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	18.74M	22.51M	26M	31.9M	19.23M	2.02M	32.74M	-1.38M	1.18M	10.16M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.24%	0.2%	0.16%	0.23%	-0.4%	-0.9%	15.24%	-1.04%	1.85%	7.63%
Pretax Income+	17.89M	24.36M	12.25M	5.85M	19.23M	2.02M	32.74M	-1.38M	1.18M	10.16M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	83K	0	100K	-15.35M	17K	370K	282K	1.41M	806K	452K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	17.89M	24.36M	12.15M	5.85M	19.21M	1.65M	32.46M	-2.79M	371K	9.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.29%	0.36%	-0.5%	-0.52%	2.29%	-0.91%	18.72%	-1.09%	1.13%	25.16%
Net Income (Continuing)	17.89M	24.36M	12.15M	5.85M	19.21M	1.65M	32.46M	-2.79M	371K	9.7M
EPS (Diluted)+	1.53	1.68	0.65	0.29	0.94	0.08	1.51	-0.13	0.02	0.45
EPS Growth %	0.06%	0.1%	-0.61%	-0.55%	2.24%	-0.92%	18.19%	-1.09%	1.13%	25.32%
EPS (Basic)	1.53	1.68	0.65	0.29	0.94	0.08	1.51	-0.13	0.02	0.45
Diluted Shares Outstanding	11.68M	14.55M	18.63M	20.34M	20.45M	20.92M	21.45M	21.67M	21.67M	21.67M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	5.28M	5.96M	4.33M	3.74M	2.23M	6.77M	2.62M	5.45M	4.96M	9.04M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	341.09M	412.92M	494.14M	27.65M	42.41M	39.28M	781K	1.51M	0	457.05M
Investments Growth %	0.45%	0.21%	0.2%	-0.94%	0.53%	-0.07%	-0.98%	0.93%	-1%	-
Long-Term Investments	341.09M	412.92M	494.14M	27.65M	42.41M	39.28M	781K	1.51M	0	457.05M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	747K	651K	760K	540.66M	601.72M	534.46M	577.58M	541.58M	488.88M	0
Total Current Assets	0	0	0	11.52M	10.92M	11.38M	12.1M	21.91M	24.31M	32.55M
Total Non-Current Assets	341.84M	413.57M	494.9M	568.31M	644.13M	573.75M	578.36M	543.09M	488.88M	457.05M
Total Assets+	357.31M	424.55M	507.43M	579.83M	655.06M	585.12M	590.46M	565M	513.19M	490.67M
Asset Growth %	0.47%	0.19%	0.2%	0.14%	0.13%	-0.11%	0.01%	-0.04%	-0.09%	-0.04%
Return on Assets (ROA)	0.06%	0.06%	0.03%	0.01%	0.03%	0%	0.06%	-0%	0%	0.02%
Accounts Payable	2.04M	2.85M	3.57M	4.98M	5.28M	5.09M	5.95M	6.26M	5.18M	4.97M
Total Debt+	166.18M	177.87M	221.94M	313.76M	396.24M	343.51M	332.15M	330.11M	300.87M	291.98M
Net Debt	160.9M	171.91M	217.61M	310.02M	394.01M	336.74M	329.53M	324.66M	295.91M	282.93M
Long-Term Debt	0	0	0	313.76M	396.24M	343.51M	332.15M	330.11M	300.87M	291.98M
Short-Term Debt	166.18M	177.87M	221.94M	0	0	0	0	0	0	0
Other Liabilities	0	0	0	-232K	4.18M	2.09M	2.89M	3.6M	3.42M	1.97M
Total Current Liabilities	176.34M	183.69M	228.73M	7.53M	5.28M	5.09M	5.95M	6.26M	5.18M	4.97M
Total Non-Current Liabilities	0	0	0	313.53M	400.43M	345.6M	335.04M	333.71M	304.28M	293.94M
Total Liabilities	172.78M	183.69M	228.73M	321.06M	405.7M	350.69M	340.99M	339.98M	309.46M	298.91M
Total Equity+	184.53M	240.85M	278.7M	258.77M	249.36M	234.43M	249.47M	225.02M	203.72M	191.76M
Equity Growth %	0.38%	0.31%	0.16%	-0.07%	-0.04%	-0.06%	0.06%	-0.1%	-0.09%	-0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.11%	0.05%	0.02%	0.08%	0.01%	0.13%	-0.01%	0%	0.05%
Book Value per Share	15.80	16.56	14.96	12.72	12.20	11.20	11.63	10.39	9.40	8.85
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	13K	17K	20K	20K	20K	21K	22K	22K	22K	22K
Additional Paid-in Capital	184.42M	233.53M	286.14M	288.91M	288.85M	294.9M	298.69M	298.7M	298.13M	297.71M
Retained Earnings	1.69M	7.04M	-7.46M	-30.16M	-39.51M	-60.48M	-49.24M	-73.7M	-94.42M	-105.97M
Accumulated OCI	-1.59M	270K	-14.17M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-82.74M	-51.87M	-69.57M	-55.12M	25.27M	23.73M	12.47M	10.48M	9.96M	8.55M
Operating CF Growth %	-6.18%	0.37%	-0.34%	0.21%	1.46%	-0.06%	-0.47%	-0.16%	-0.05%	-0.14%
Net Income	17.89M	24.36M	12.15M	5.85M	19.21M	1.65M	32.46M	-2.79M	371K	9.7M
Depreciation & Amortization	-20K	-2.88M	-818K	-853K	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-106.73M	-68.08M	-79.06M	-58.25M	4.67M	20.89M	-17.51M	19.33M	13.73M	5.67M
Working Capital Changes	6.11M	-5.28M	-1.84M	-1.86M	1.39M	1.19M	-2.48M	-6.07M	-4.14M	-6.82M
Cash from Investing+	-7.41M	-66.33M	-90.95M	-81.26M	-64.51M	51.2M	7.54M	3.63M	41.77M	27.4M
Purchase of Investments	-193.63M	-147.78M	-264.39M	-240.42M	-230.6M	-143.36M	-226.86M	-134.28M	-62.9M	-87.64M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	97.84M	0	0	0	0	0	0	0	0	0
Cash from Financing+	90.87M	46.34M	68.44M	65.66M	51.16M	-72.15M	-34.3M	-26.72M	-52.22M	-31.87M
Dividends Paid	-16.71M	-20.57M	-26.52M	-28.18M	-28.62M	-23.06M	-21.51M	-21.67M	-21.67M	-21.67M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	49.62M	52.52M	52.22M	2.4M	0	6.5M	4.09M	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Other Financing	-1.83M	51.32M	50.45M	-3M	0	0	0	0	0	0
Net Change in Cash+	717K	-5.54M	-1.13M	10.53M	11.92M	2.78M	-14.35M	-12.63M	-492K	4.09M
Exchange Rate Effect	0	1000K	1000K	-13K	-1K	1K	-54K	-18K	0	0
Cash at Beginning	4.56M	13.87M	8.33M	7.2M	17.73M	29.64M	32.43M	18.08M	5.45M	4.96M
Cash at End	5.28M	8.33M	7.2M	17.73M	29.64M	32.43M	18.08M	5.45M	4.96M	9.04M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	-82.74M	-51.87M	-69.57M	-55.12M	25.27M	23.73M	12.47M	10.48M	9.96M	8.55M
FCF Growth %	-6.18%	0.37%	-0.34%	0.21%	1.46%	-0.06%	-0.47%	-0.16%	-0.05%	-0.14%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.24%	11.46%	4.68%	2.18%	7.56%	0.68%	13.42%	-1.17%	0.17%	4.91%
Return on Assets (ROA)	5.96%	6.23%	2.61%	1.08%	3.11%	0.27%	5.52%	-0.48%	0.07%	1.93%
Net Interest Margin	-1.51%	7.8%	8.08%	-2.12%	0%	6.49%	5.59%	6.21%	7.65%	3.85%
Efficiency Ratio	17.68%	18.43%	-39.78%	40.34%	10.37%	20.14%	13.73%	30.2%	15.88%	12.61%
Equity / Assets	51.65%	56.73%	54.92%	44.63%	38.07%	40.07%	42.25%	39.83%	39.7%	39.08%
Book Value / Share	15.8	16.56	14.96	12.72	12.2	11.2	11.63	10.39	9.4	8.85
NII Growth	-24.37%	713.22%	23.74%	-129.94%	100%	-	-13.19%	6.33%	11.91%	-51.92%
Dividend Payout	93.42%	84.42%	218.27%	481.91%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Monroe Capital Corporation (MRCC) has a price-to-earnings (P/E) ratio of 14.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Monroe Capital Corporation (MRCC) grew revenue by 30.3% over the past year. This is strong growth.

Monroe Capital Corporation (MRCC) reported a net loss of $4.2M for fiscal year 2024.

Dividend & Returns

Yes, Monroe Capital Corporation (MRCC) pays a dividend with a yield of 15.06%. This makes it attractive for income-focused investors.

Monroe Capital Corporation (MRCC) has a return on equity (ROE) of 4.9%. This is below average, suggesting room for improvement.

Industry Metrics

Monroe Capital Corporation (MRCC) has a net interest margin (NIM) of 3.8%. This indicates healthy earnings from lending activities.

Monroe Capital Corporation (MRCC) has an efficiency ratio of 12.6%. This is excellent, indicating strong cost control.

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