IBCP Valuation

Independent Bank Corp (Michigan)

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32.460

-0.38(-1.157%)1D

Overview
Forecast
Valuation
Earnings

IBCP Relative Valuation

IBCP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, IBCP is overvalued; if below, it's undervalued.

Historical Valuation

Independent Bank Corp (Michigan) (IBCP) is now in the Fair zone, suggesting that its current forward PE ratio of 10.13 is considered Fairly compared with the five-year average of 8.84. The fair price of Independent Bank Corp (Michigan) (IBCP) is between 26.70 to 33.75 according to relative valuation methord.

Relative Value

Fair Zone

26.70-33.75

Current Price：32.46

Fair

Trailing

Forward

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

1.46

P/B

Median3y

1.34

Median5y

1.26

9.65

FCF Yield

Median3y

14.53

Median5y

15.73

Competitors Valuation Multiple

The average P/S ratio for IBCP's competitors is 2.88, providing a benchmark for relative valuation. Independent Bank Corp (Michigan) Corp (IBCP) exhibits a P/S ratio of 3.48, which is 20.83% above the industry average. Given its robust revenue growth of -0.47%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

IBCP.O

Independent Bank Corp (Michigan)

3.48

Average P/S: 2.88

-0.47%