Barings Corporate Investors (MCI) Key Metrics
MCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $368.5M
- Enterprise value
- $431.0M
- P/E (TTM)
- 10.2 10-yr median 11.4
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 10.4 10-yr median 10.2
- Price / book
- 1.1 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 12.9
- Dividend yield
- 8.94% $1.60 a year
- Beta
- 0.38
MCI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMCI valuation Price multiples at each fiscal year-end price.
MCI returns How much profit the business earns on the capital it uses.
MCI per-share figures Results divided by the shares outstanding at year-end.
MCI financial health Debt, liquidity and how easily interest is covered.
MCI efficiency & capital use Working capital cycle and where the cash goes.
MCI valuation history
MCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MCI cash returned to shareholders
MCI price vs earnings per share
MCI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $371.6M | $414.4M | $374.3M | $280.5M | $324.6M | $265.9M | $340.8M | $293.6M | $303.7M | $306.4M |
| Enterprise value | $414.2M | $443.1M | $401.7M | $313.2M | $341.4M | $266.1M | $346.7M | $296.4M | $326.4M | $322.1M |
| P/E ratio | 13.2 | 11.6 | 10.1 | 19.7 | 6.1 | 17.3 | 8.7 | 30.6 | 7.0 | 11.2 |
| Price / sales | 11.3 | 9.6 | 9.1 | 17.3 | 6.0 | 16.4 | 8.5 | 26.7 | 6.8 | 10.9 |
| Price / book | 1.1 | 1.2 | 1.1 | 0.8 | 1.0 | 0.9 | 1.1 | 1.0 | 1.0 | 1.1 |
| Price / free cash flow | 20.0 | 14.7 | 11.7 | 71.6 | 114.9 | 10.3 | 18.0 | 7.0 | 20.9 | 11.4 |
| Price / operating cash flow | 20.0 | 14.7 | 11.7 | 71.6 | 114.9 | 10.3 | 18.0 | 7.0 | 20.9 | 11.4 |
| EV / sales | 12.6 | 10.2 | 9.8 | 19.3 | 6.3 | 16.4 | 8.7 | 27.0 | 7.3 | 11.4 |
| EV / EBITDA | 15.1 | 12.2 | 10.6 | 18.7 | 6.4 | 17.4 | 8.9 | 27.8 | 7.2 | 13.6 |
| EV / free cash flow | 22.3 | 15.7 | 12.5 | 79.9 | 120.8 | 10.3 | 18.3 | 7.1 | 22.5 | 12.0 |
| Earnings yield | 7.6% | 8.6% | 9.9% | 5.1% | 16.3% | 5.8% | 11.4% | 3.3% | 14.4% | 8.9% |
| Free cash flow yield | 5.0% | 6.8% | 8.6% | 1.4% | 0.9% | 9.7% | 5.6% | 14.2% | 4.8% | 8.8% |
| Dividend yield | 9.4% | 7.7% | 7.1% | 7.1% | 6.0% | 7.8% | 7.1% | 8.2% | 7.8% | 7.7% |
| Shareholder yield (dividends + buybacks) | 9.4% | 7.7% | 7.1% | 7.1% | 6.0% | 7.8% | 7.1% | 8.2% | 7.8% | 7.7% |
| Share price at fiscal year-end | $18.15 | $20.38 | $18.43 | $13.96 | $15.98 | $13.18 | $16.86 | $14.70 | $15.26 | $15.48 |
| Per share | ||||||||||
| Revenue per share | $1.60 | $2.13 | $2.03 | $0.81 | $2.68 | $0.80 | $1.98 | $0.55 | $2.24 | $1.42 |
| Earnings per share | $1.37 | $1.75 | $1.82 | $0.71 | $2.60 | $0.76 | $1.93 | $0.48 | $2.19 | $1.38 |
| Operating cash flow per share | $0.91 | $1.38 | $1.58 | $0.20 | $0.14 | $1.28 | $0.94 | $2.09 | $0.73 | $1.36 |
| Free cash flow per share | $0.91 | $1.38 | $1.58 | $0.20 | $0.14 | $1.28 | $0.94 | $2.09 | $0.73 | $1.36 |
| Cash per share | $1.57 | $0.85 | $0.73 | $0.66 | $1.04 | $1.48 | $1.19 | $1.36 | $0.36 | $0.72 |
| Book value per share | $16.67 | $16.90 | $16.73 | $16.51 | $16.64 | $15.10 | $15.25 | $14.58 | $15.25 | $14.23 |
| Tangible book value per share | $16.67 | $16.90 | $16.73 | $16.51 | $16.64 | $15.10 | $15.25 | $14.58 | $15.25 | $14.23 |
| Dividends per share | $1.70 | $1.57 | $1.32 | $0.99 | $0.96 | $1.02 | $1.20 | $1.20 | $1.20 | $1.20 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $3.65 | $2.25 | $2.08 | $2.29 | $1.87 | $1.49 | $1.48 | $1.50 | $1.51 | $1.52 |
| Shares outstanding | 20.5M | 20.3M | 20.3M | 20.1M | 20.3M | 20.2M | 20.2M | 20.0M | 19.9M | 19.8M |
| Change in shares outstanding | +0.7% | +0.1% | +1.1% | −1.1% | +0.7% | −0.2% | +1.2% | +0.4% | +0.5% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.2% | 10.4% | 11.0% | 4.3% | 16.4% | 5.0% | 13.0% | 3.2% | 14.9% | 9.8% |
| Return on invested capital (ROIC) | 7.4% | 9.9% | 9.5% | 4.4% | 16.0% | 2.5% | 6.4% | 3.4% | 7.2% | 7.0% |
| Return on assets (ROA) | 6.7% | 8.9% | 9.5% | 3.7% | 14.4% | 4.4% | 11.5% | 2.8% | 13.0% | 8.5% |
| Return on tangible assets | 6.5% | 8.8% | 9.4% | 3.7% | 13.6% | 4.5% | 11.3% | 2.9% | 12.6% | 8.5% |
| Free cash flow margin | 56.7% | 65.0% | 77.7% | 24.2% | 5.2% | 159.2% | 47.4% | 379.9% | 32.6% | 95.5% |
| Income quality (OCF / net income) | 0.66 | 0.79 | 0.87 | 0.27 | 0.05 | 1.68 | 0.49 | 4.35 | 0.33 | 0.99 |
| Financial health | ||||||||||
| Total debt | $74.7M | $45.9M | $42.3M | $46.0M | $38.0M | $30.0M | $30.0M | $30.0M | $30.0M | $30.0M |
| Cash & short-term investments | $32.1M | $17.2M | $14.9M | $13.2M | $21.2M | $29.9M | $24.1M | $27.1M | $7.2M | $14.3M |
| Net debt | $42.6M | $28.6M | $27.4M | $32.8M | $16.8M | $148,376 | $5.9M | $2.9M | $22.8M | $15.7M |
| Debt / equity | 0.22 | 0.13 | 0.12 | 0.14 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 |
| Debt / assets | 0.17 | 0.11 | 0.11 | 0.12 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Net debt / EBITDA | 1.55 | 0.79 | 0.73 | 1.96 | 0.32 | 0.01 | 0.15 | 0.27 | 0.50 | 0.66 |
| Current ratio | 2.19 | 1.99 | 2.71 | 3.19 | 3.68 | 4.09 | 4.10 | 4.80 | 0.87 | 1.92 |
| Quick ratio | 2.19 | 1.99 | 2.71 | 3.19 | 3.68 | 4.09 | 4.10 | 4.80 | 0.87 | 1.92 |
| Interest coverage | 11.2 | 21.1 | 17.1 | 9.8 | 49.8 | 14.5 | 36.8 | 10.1 | 29.7 | — |
| Working capital | $17.4M | $13.6M | $13.5M | $12.8M | $18.2M | $24.4M | $19.8M | $23.4M | −$1.5M | $8.6M |
| Invested capital | $383.9M | $372.2M | $367.3M | $364.4M | $354.9M | $304.8M | $314.1M | $294.1M | $326.3M | $297.3M |
| Tangible asset value | $341.3M | $343.6M | $339.8M | $331.6M | $338.0M | $304.7M | $308.2M | $291.2M | $303.5M | $281.6M |
| Net current asset value | −$57.8M | −$35.4M | −$32.7M | −$35.7M | −$24.0M | −$7.0M | −$12.3M | −$9.5M | −$33.0M | −$22.4M |
| Graham number | $22.67 | $25.79 | $26.18 | $16.24 | $31.20 | $16.07 | $25.73 | $12.55 | $27.42 | $20.99 |
| Graham net-net per share | −$2.82 | −$1.86 | −$1.71 | −$1.85 | −$1.23 | −$0.38 | −$0.64 | −$0.50 | −$1.70 | −$1.18 |
| Capital allocation | ||||||||||
| Dividends paid | $34.8M | $31.9M | $26.7M | $19.9M | $19.5M | $20.7M | $24.2M | $24.0M | $23.8M | $23.7M |
| Dividend payout ratio | 123.9% | 89.6% | 72.4% | 139.2% | 36.8% | 134.7% | 61.9% | 250.3% | 54.7% | 86.8% |
| Dividends + buybacks / free cash flow | 187.3% | 113.4% | 83.5% | 506.8% | 688.3% | 80.0% | 127.6% | 57.5% | 164.1% | 87.9% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | — | — | — | — | — | — | — | 0.00 | 0.00 | — |
| SG&A / revenue | 4.3% | 3.2% | 3.2% | 7.3% | 1.9% | 5.5% | 2.3% | 12.8% | 2.2% | 15.7% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 67.5 | 50.4 | 105.6 | 21.4 | 51.0 | 20.5 | 89.2 | 27.2 | 46.8 |
| Days of inventory on hand | — | — | 0.0 | — | — | -0.0 | — | — | — | — |
| Days payables outstanding | 1,896.5 | 2,215.9 | 1,206.7 | 1,353.0 | 1,655.5 | 532.1 | — | — | — | — |
| Cash conversion cycle (days) | — | -2,148.4 | -1,156.3 | -1,247.4 | -1,634.1 | -481.1 | — | — | — | — |
| Receivables turnover | — | 5.41 | 7.24 | 3.46 | 17.03 | 7.16 | 17.78 | 4.09 | 13.40 | 7.80 |
| Payables turnover | 0.19 | 0.16 | 0.30 | 0.27 | 0.22 | 0.69 | 0.00 | 0.00 | 0.00 | — |
| Inventory turnover | — | — | 2,081,382.00 | — | — | — | — | — | — | — |
| Asset turnover | 0.08 | 0.11 | 0.11 | 0.04 | 0.15 | 0.05 | 0.12 | 0.03 | 0.13 | 0.09 |
| Average receivables | — | $8.0M | $5.7M | $4.7M | $3.2M | $2.3M | $2.2M | $2.7M | $3.3M | $3.6M |
| Average payables | $13.3M | $10.8M | $6.9M | $6.3M | $4.9M | $1.5M | $3.2M | $6.1M | $6.1M | — |
| Average inventory | — | — | $1 | — | — | −$1 | — | $0 | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from MCI's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MCI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Barings Corporate Investors traded at 13.2 times earnings, against a 10-year median of 11.4. Based on the latest twelve months, the trailing P/E is 10.2. Barings Corporate Investors earned a return on equity of 8.2% and a return on invested capital of 7.4% in fiscal 2025. It ended the year with $74.7 million of debt and $32.1 million in cash and short-term investments, net debt of $42.6 million. It returned $34.8 million to shareholders: $34.8 million in dividends and $0 in share buybacks, 187% of free cash flow. The share count rose 3.4% from 19.8M to 20.5M over 9 years.
See the MCI income statement, the MCI chart for price history, or the MCI stock overview for the latest quote and news.
MCI key metrics FAQ
What is Barings Corporate Investors's P/E ratio?
Barings Corporate Investors's trailing P/E ratio is 10.2 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 13.2, compared with a 10-year median of 11.4.
What is Barings Corporate Investors's EV/EBITDA?
Barings Corporate Investors's enterprise value was 15.1 times EBITDA at the end of fiscal 2025 (enterprise value $414.2 million, EBITDA $27.5 million).
What is Barings Corporate Investors's return on equity?
Barings Corporate Investors's return on equity (ROE) was 8.2% in fiscal 2025: net income of $28.1 million on average shareholders' equity of $342.4 million.
What is Barings Corporate Investors's ROIC?
Barings Corporate Investors's return on invested capital was 7.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Barings Corporate Investors have?
Barings Corporate Investors had total debt of $74.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and $42.6 million of net debt (1.55 times EBITDA).
What is Barings Corporate Investors's dividend yield?
Barings Corporate Investors's forward dividend yield is 8.94%. Barings Corporate Investors paid $34.8 million in dividends in fiscal 2025 ($1.70 per share), a payout ratio of 123.9%.
What is Barings Corporate Investors's free cash flow yield?
Barings Corporate Investors generated $18.6 million of free cash flow in fiscal 2025, a free cash flow yield of 5.0% on its market value at year-end ($371.6 million).
What is Barings Corporate Investors's current ratio?
Barings Corporate Investors's current ratio was 2.19 at the end of fiscal 2025: current assets were 2.19 times current liabilities.