MERCANTILE BANK CORP logo

MERCANTILE BANK CORP (MBWM)

State Commercial Banks ยท Financial Services ยท $939M

undervalued
Intrinsic Value (Consensus)
$87.76
Current Price
$54.36
Margin of Safety
+61.4%
61.4% Below Intrinsic Value
Value: $88
Price: $54

Valuation Model Estimates

Current Price: $54.36
DCF (Discounted Cash Flow)
$21.47
Graham Number
$71.87
Earnings Power Value
$53.11
Relative Value (P/E)
$109.40
Dividend Discount Model
$116.67
Consensus Value
$87.76

Model Assumptions

Discount Rate
10.3%
Growth Rate
11.0%
Terminal Growth
2.5%
Risk-Free Rate
4.3%

Discount rate derived from CAPM (risk-free rate + beta ร— market risk premium). Growth rate based on trailing earnings growth, capped at 20%.

Health Score

B
67
Profitability
18/25
Strength
17/25
Valuation
22/25
Growth
10/25

Key Financials

EPS (TTM)
$5.47
EPS (Forward)
$6.07
Book Value
$41.96
P/E Ratio
20.0
Forward P/E
18.0
PEG Ratio
โ€”
ROE
12.2%
Debt/Equity
โ€”
Revenue Growth
N/A
Earnings Growth
11.0%
Dividend Yield
0.3%
Beta
1.00

Data last updated: 2026-06-16

Source: Yahoo Finance