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MicroFinancial Incorporated (MFI) Investment Summary:

MicroFinancial Incorporated (referred to as “MicroFinancial,” “we,” “us” or “our”) was formed as a Massachusetts corporation on January 27, 1987. We operate primarily through our wholly-owned subsidiaries, TimePayment Corp. and Leasecomm Corporation. TimePayment is a specialized commercial finance company that leases and rents “microticket” equipment and provides other financing services. TimePayment commenced originating leases in July 2004. Leasecomm started originating leases in January 1986 and in October 2002 suspended virtually all originations due to a lack of financing. The average amount financed by TimePayment in 2007 was approximately $6,500 while Leasecomm historically financed contracts averaging approximately $1,900. We have used proprietary software in developing a sophisticated, risk-adjusted pricing model and in automating our credit approval and collection systems, including a fully-automated Internet-based application, credit scoring and approval process.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f28%2f0000950135-08-002063.html#FIS_BUSINESS"   
www.microfinancial.com
111 Employees
Founded in 1987

MICROFINANCIAL INC (MFI:NASDAQ)

LAST $3.88 USD
CHANGE TODAY -0.025 -0.64%
VOLUME 1.8K
As of 8:10 PM 03/18/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of MICROFINANCIAL INC (MFI)

OPEN
$3.97
PREVIOUS CLOSE
$3.91
DAY HIGH
$3.99
DAY LOW
$3.88
52 WEEK HIGH
03/11/10 - $4.14
52 WEEK LOW
03/27/09 - $1.71
MARKET CAP
55.0M
AVERAGE VOLUME 10 D
11.6K
EPS TTM
$0.29
SHARES OUTSTANDING
14.2M
EX-DATE
01/28/10
P/E TTM
13.4x
DIVIDEND
$0.20
DIVIDEND YIELD
5.15%
K = Thousands  M = Millions  B = Billions

Key developments for MICROFINANCIAL INC (MFI)

MicroFinancial Inc. Reports Consolidated Earnings Results for the Fourth Quarter and the Year Ended December 31, 2009

MicroFinancial Inc. reported consolidated earnings results for the fourth quarter and the year ended December 31, 2009. Net income for the fourth quarter of 2009 was $1.3 million or $0.09 per diluted share based upon 14,320,617 shares, compared to net income of $0.9 million, or $0.07 per diluted share based upon 14,195,748 shares for the same period last year. Revenue in the fourth quarter of 2009 was $12.2 million compared to $10.5 million in the fourth quarter of 2008 as expected declines in rental income and service contracts during the quarter were more than offset by growth in the leasing revenues associated with new lease originations. Revenue from leases was $7.9 million, up $1.4 million from the same period last year and rental income was $2.1 million, down $0.2 million from December 31, 2008. Other revenue components contributed $2.2 million for the current quarter, up $0.5 million from the same period last year. For the quarter, the company reported income before provision for income taxes of $1.78 million compared to income before provision for income taxes of $1.47 million a year ago. For the year ended December 31, 2009, net income was $4.1 million versus net income of $6.0 million for the same period last year. Net income per diluted share for the year was $0.29 based on 14,261,644 shares versus $0.42 based on 14,204,105 shares for 2008. Revenues for the year ended December 31, 2009 increased 16.8% to $46.2 million compared to $39.5 million during 2008. Revenue from leases was $29.4 million, up $6.3 million from the previous year and rental income was $8.6 million, down $1.2 million from 2008. Other revenue components contributed $8.2 million, up $1.6 million from the previous year. New contract originations for the year ended December 31, 2009 were $76.9 million versus $69.0 million during 2008. For the year, the company reported income before provision for income taxes of $6.3 million compared to income before provision for income taxes of $9.15 million a year ago.

MicroFinancial Inc. Declares Cash Dividend, Payable on February 15, 2010

MicroFinancial Inc. announced that the Board of Directors of company declared a cash dividend of $0.05 per common share payable on February 15, 2010, to holders of record of MFI common stock at the close of business on February 1, 2010. This dividend represents the same amount per common share as the last dividend paid by MFI, in November 2009.

MicroFinancial Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and the Nine Months Ended September 30, 2009

MicroFinancial Inc. reported unaudited consolidated earnings results for the third quarter and the nine months ended September 30, 2009. The company reported net income for the third quarter ended September 30, 2009 was $1.2 million or $0.09 per diluted share compared to net income of $1.6 million, or $0.11 per diluted share b for the same period last year. Revenue for the third quarter of 2009 increased 18.7% to $12.0 million compared to $10.1 million in the third quarter of 2008 driven by growth in lease revenues for the quarter which were slightly offset by expected declines in rental and service contracts income. Revenue from leases was $7.6 million, up $1.6 million from the same period last year and rental income was $2.1 million, down $0.2 million from September 30, 2008. Other revenue components contributed $2.3 million for the current quarter, up $0.5 million from the same period last year. Income before provision for income taxes was $1,993,000 against $2,488,000 for the same period a year ago. For the nine months, the company reported net income was $2.8 million versus net income of $5.0 million for the same period last year. Net income per diluted share year to date was $0.20 against $0.35 for the same period in 2008. Year to date revenues for the nine months ended September 30, 2009 increased 17.2% to $34.0 million compared to $29.0 million during the same period in 2008. Revenue from leases was $21.5 million, up $5.0 million from the same period last year and rental income was $6.5 million, down $1.1 million from September 30, 2008. Other revenue components contributed $6.0 million, up $1.2 million from the same period last year. New contract originations year to date September 30, 2009 were $57.4 million versus $51.4 million through the same period last year. Income before provision for income taxes was $4,574,000 against $7,682,000 for the same period a year ago.

MicroFinancial Incorporated financial resources

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MFI Competitors

Company Last Change
Franklin Credit Holding Corp $0.63 USD -0.01
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Industry Analysis

Valuation MFI Industry Range
Price/Earnings 13.5x
Price/Sales 2.6x
Price/Book 0.8x
Price/Cash Flow 9.6x
TEV/Sales 0.1x

MFI

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MicroFinancial Incorporated: Company Announces Cash Dividend

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MicroFinancial Incorporated Announces Cash Dividend

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