Eastern Michigan Financial Corporation - EFIN

EFIN Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
EFIN	0.0	2.2	2.7	10.4	22.3	47.7	9.5	21.3	132.0	5814.5
S&P 500	1.0	3.7	2.2	2.3	8.9	23.9	32.3	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	EFIN
name	Eastern Michigan Financial Corporation
price	37
changes percentage	0.027
change	0.01
day low	36.99
day high	37
year high	37
year low	25.37
market cap	43993000
price avg 50	35.8002
price avg 200	31.63445
exchange	PNK
volume	200
avg volume	225
open	36.99
previous close	None
eps	4.63
pe	7.99
earnings announcement	None
shares outstanding	1189000
timestamp	2025-01-17 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 61.3%

Overall Quarterly Financial Health: 64.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	19492000	16695000	16.75
gross profit	21753000	16695000	30.30
gross profit ratio	1.12	1	11.60
research and development expenses	0	0	NaN
operating expenses	7385000	3662000	101.67
interest income	0	14579000	-100.00
interest expense	0	975000	-100.00
ebitda	8174000	16894000	-51.62
ebitdaratio	0.42	0.03	1528.16
operating income	12107000	4570000	164.92
operating income ratio	0.62	0.27	126.91
net income	6187000	3637000	70.11
net income ratio	0.32	0.22	45.70
eps	4.93	2.91	69.42

Overall Score of Annual Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 19 million in 2023 from 17 million in 2022 representing a change of 16.75%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 22 million in 2023 from 17 million in 2022 representing a change of 30.3%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 8 million in 2023 from 17 million in 2022 representing a change of -51.62%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to 6 million in 2023 from 4 million in 2022 representing a change of 70.11%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 4.93 in 2023 from 4.93 in 2022 representing a change of 69.42%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 7 million in 2023 from 4 million in 2022 representing a change of 101.67%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to 12 million in 2023 from 5 million in 2022 representing a change of 164.92%. The decrease in operating income indicates worse operational performance and decreased profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	6518000	6255000	4.20
gross profit	6518000	6255000	4.20
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	5394000	3152000	71.13
interest income	6002000	5737000	4.62
interest expense	1124000	1167000	-3.68
ebitda	2269000	-2592000	187.54
ebitdaratio	0.35	-0.28	222.74
operating income	3394000	1774000	91.32
operating income ratio	0.52	0.28	83.60
net income	1803000	1393000	29.43
net income ratio	0.28	0.22	24.21
eps	1.42	1.03	37.86

Overall Score of Quarterly Income Statement

0.86 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 7 million in 2024Q3 from 6 million in 2024Q2 representing a change of 4.2%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 7 million in 2024Q3 from 6 million in 2024Q2 representing a change of 4.2%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 2 million in 2024Q3 from -3 million in 2024Q2 representing a change of 187.54%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 3 million in 2024Q3 from 2 million in 2024Q2 representing a change of 91.32%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 2 million in 2024Q3 from 1 million in 2024Q2 representing a change of 29.43%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 1.42 in 2024Q3 from 1.42 in 2024Q2 representing a change of 37.86%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 5 million in 2024Q3 from 3 million in 2024Q2 representing a change of 71.13%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	540336000	564205000	-4.23
total liabilities	499919000	531543000	-5.95
total equity	40417000	32662000	23.74
cash and cash equivalents	27722000	72362000	-61.69
short term investments	0	-4835000	100.00
long term investments	27130000	70537000	-61.54
total current assets	27722000	75381000	-63.22
total non current assets	507849000	488824000	3.89
total current liabilities	388461000	408884000	-4.99
total non current liabilities	499446000	122658999	307.18
common stock	6119000	6145000	-0.42
retained earnings	41195000	37730000	9.18
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.56 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 540 million in 2023 from 564 million in 2022 representing a change of -4.23%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 28 million in 2023 from 72 million in 2022 representing a change of -61.69%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 28 million in 2023 from 75 million in 2022 representing a change of -63.22%. This indicates a worsen liquidity position.

  Common Stock: Common Stock decreased to 6 in 2023 from 6 in 2022 representing a change of -0.42%. This indicates a decrease in ownership interest.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 500 million in 2023 from 532 million in 2022 representing a change of -5.95%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 40 million in 2023 from 33 million in 2022 representing a change of 23.74%. This indicates an increase in shareholders' equity.

  Short Term Investments: Short Term Investments increased to 0 million in 2023 from -5 million in 2022 representing a change of 100.0%. This indicates an increase in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities decreased to 388 million in 2023 from 409 million in 2022 representing a change of -4.99%. This indicates a lower short-term debt burden.

  Retained Earnings: Retained Earnings increased to 41 million in 2023 from 38 million in 2022 representing a change of 9.18%. This indicates an accumulated profits.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	548605000	558652000	-1.80
total liabilities	499906000	515197000	-2.97
total equity	48699000	43455000	12.07
cash and cash equivalents	21321000	26757000	-20.32
short term investments	0	2404000	-100.00
long term investments	282135000	283011000	-0.31
total current assets	21321000	29161000	-26.89
total non current assets	527284000	529491000	-0.42
total current liabilities	0	125513000	-100.00
total non current liabilities	0	389683999	-100.00
common stock	6163000	6159000	0.06
retained earnings	44757000	43422000	3.07
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.56 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 549 million in 2024Q3 from 559 million in 2024Q2 representing a change of -1.8%. Suggesting a decrease in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 21 million in 2024Q3 from 27 million in 2024Q2 representing a change of -20.32%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2024Q3 from 2 million in 2024Q2 representing a change of -100.0%. This indicates a decrease in short-term investment holdings.

  Total Current Assets: Total Current Assets decreased to 21 million in 2024Q3 from 29 million in 2024Q2 representing a change of -26.89%. This indicates a worsen liquidity position.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 500 million in 2024Q3 from 515 million in 2024Q2 representing a change of -2.97%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 49 million in 2024Q3 from 43 million in 2024Q2 representing a change of 12.07%. This indicates an increase in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities decreased to 0 million in 2024Q3 from 126 million in 2024Q2 representing a change of -100.0%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 6 in 2024Q3 from 6 in 2024Q2 representing a change of 0.06%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 45 million in 2024Q3 from 43 million in 2024Q2 representing a change of 3.07%. This indicates an accumulated profits.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-39805000	-8795000	-352.59
operating cash flow	8375000	5919000	41.49
free cash flow	7664000	5695000	34.57
capital expenditure	-711000	-224000	-217.41
depreciation and amortization	394000	430000	-8.37
deferred income tax	0	51000	-100.00
stock based compensation	369000	360000	2.50
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	69628000	-100.00
investments in property plant and equipment	-711000	-224000	-217.41
net cash used for investing activites	-15986000	-51258000	68.81
debt repayment	0	0	NaN
common stock issued	0	73000	-100.00
common stock repurchased	-285000	-732000	61.07
dividends paid	-1876000	-2264000	17.14
net cash used provided by financing activities	-32194000	36544000	-188.10
cash at end of period	27722000	67527000	-58.95
accounts receivables	-372000	-505000	26.34
cash at beginning of period	67527000	76322000	-11.52

Overall Score of Annual Cashflow Statement

0.57 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -40 million in 2023 from -9 million in 2022 representing a change of -352.59%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Stock-Based Compensation: Stock-Based Compensation increased to 0 million in 2023 from 0 million in 2022 representing a change of 2.5%. This indicates increased expenses, which is generally considered a negative sign from a financial perspective.

  Accounts Receivables: Accounts Receivables increased to 0 in 2023 from -1 million in 2022 representing a change of 26.34%. This suggests that the company is less capable of collecting payments from its customers.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 8 million in 2023 from 6 million in 2022 representing a change of 41.49%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 8 million in 2023 from 6 million in 2022 representing a change of 34.57%. This indicates an increase in cash generated after accounting for capital expenditures.

  Capital Expenditure: Capital Expenditure decreased to -1 million in 2023 from 0 million in 2022 representing a change of -217.41%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Dividends Paid: Dividends Paid increased to -2 million in 2023 from -2 million in 2022 representing a change of 17.14%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	0	0	NaN
free cash flow	0	0	NaN
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
net change in cash	0	0	NaN
cash at end of period	0	0	NaN
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	15.53	13.36	16.23
net income per share	4.93	2.91	69.34
operating cash flow per share	6.67	4.74	40.85
free cash flow per share	6.11	4.56	33.97
cash per share	22.09	54.05	-59.13
book value per share	32.21	26.14	23.18
tangible book value per share	32.21	-287.43	111.20
shareholders equity per share	32.21	26.14	23.18
interest debt per share	0	0.78	-100.00
market cap	31374225	32057114.98	-2.13
enterprise value	3652225	-40304885.02	109.06
pe ratio	5.07	8.81	-42.47
price to sales ratio	1.61	1.92	-16.17
pocfratio	3.75	5.42	-30.83
pfcf ratio	4.09	5.63	-27.27
pb ratio	0.78	0.98	-20.91
ptb ratio	0.78	0.98	-20.91
ev to sales	0.19	-2.41	107.76
enterprise value over ebitda	0.45	-2.39	118.73
ev to operating cash flow	0.44	-6.81	106.40
ev to free cash flow	0.48	-7.08	106.73
earnings yield	0.2	0.11	73.82
free cash flow yield	0.24	0.18	37.50
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-3.39	-4.28	20.82
current ratio	0.07	0.18	-61.29
interest coverage	0	4.69	-100.00
income quality	1.35	1.63	-16.82
dividend yield	0.06	0.07	-15.33
payout ratio	0.3	0.62	-51.29
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0.69	-100.00
capex to operating cash flow	0.08	0.04	124.33
capex to revenue	0.04	0.01	171.86
capex to depreciation	1.8	0.52	246.41
stock based compensation to revenue	0.02	0.02	-12.21
graham number	59.77	41.38	44.43
roic	0.07	0.02	179.50
return on tangible assets	0.01	0.02	-45.71
graham net net	-376.26	-399.41	5.80
working capital	-360739000	-333503000	-8.17
tangible asset value	40417000	-359093000	111.26
net current asset value	-472197000	-456162000	-3.52
invested capital	-353041000	65633000	-637.90
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	-34969000	-74083000	52.80
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.15	0.11	37.47
capex per share	0.57	0.18	215.98

• Positive

  ROE: Return on Equity (ROE) increased to 0.15 on 2023-12-31 from 0.11 on 2022-12-31, representing a change of 37.47%. Suggesting the company has been generating high returns for its shareholders.

• Negative

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.07 on 2023-12-31 from 8.81 on 2022-12-31, representing a change of -42.47%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.07 on 2023-12-31 from 0.18 on 2022-12-31, representing a change of -61.29%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
EFIN
calendar year	2024	2024	NaN
revenue per share	5.13	4.93	4.06
net income per share	1.42	1.1	29.25
operating cash flow per share	None	0	NaN
free cash flow per share	None	0	NaN
cash per share	16.79	23.0	-26.99
book value per share	38.35	34.27	11.91
tangible book value per share	38.35	34.27	11.91
shareholders equity per share	38.35	34.27	11.91
interest debt per share	0.89	0.92	-3.82
market cap	40834130.88	34919645.94	16.94
enterprise value	19513130.88	8162645.94	139.05
pe ratio	5.66	6.27	-9.65
price to sales ratio	6.26	5.58	12.22
pocfratio	0	0	NaN
pfcf ratio	0	0	NaN
pb ratio	0.84	0.8	4.35
ptb ratio	0.84	0.8	4.35
ev to sales	2.99	1.3	129.41
enterprise value over ebitda	8.6	-3.15	373.08
ev to operating cash flow	0	0	NaN
ev to free cash flow	0	0	NaN
earnings yield	0.04	0.04	10.69
free cash flow yield	None	0	NaN
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	-9.4	10.32	-191.03
current ratio	0	0.23	-100.00
interest coverage	3.02	1.52	98.64
income quality	0	0	NaN
dividend yield	None	0	NaN
payout ratio	None	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	None	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	None	0	NaN
graham number	35.01	29.11	20.27
roic	0.0	0.0	52.86
return on tangible assets	0.0	0.0	31.80
graham net net	-376.92	-383.32	1.67
working capital	21321000	-96352000	122.13
tangible asset value	48699000	43455000	12.07
net current asset value	-478585000	-486036000	1.53
invested capital	21321000	-96352000	122.13
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.04	0.03	15.50
capex per share	None	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.04 on 2024-09-30 Q3 from 0.03 on 2024-06-30 Q2, representing a change of 15.50%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.66 on 2024-09-30 Q3 from 6.27 on 2024-06-30 Q2, representing a change of -9.65%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.00 on 2024-09-30 Q3 from 0.23 on 2024-06-30 Q2, representing a change of -100.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

None