SRCE Valuation

1st Source Corp

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60.780

+0.34(0.563%)1D

SRCE Relative Valuation

SRCE'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, SRCE is overvalued; if below, it's undervalued.

Historical Valuation

1st Source Corp (SRCE) is now in the Fair zone, suggesting that its current forward PE ratio of 10.66 is considered Fairly compared with the five-year average of 10.94. The fair price of 1st Source Corp (SRCE) is between 58.50 to 69.10 according to relative valuation methord.

Relative Value

Fair Zone

58.50-69.10

Current Price：60.78

Fair

10.66

Trailing

Forward

0.00

EV/EBITDA

1st Source Corp. (SRCE) has a current EV/EBITDA of 0.00. The 5-year average EV/EBITDA is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward EV/EBITDA of 0.00 falls within the Strongly Undervalued range.

NaN

EV/EBIT

1st Source Corp. (SRCE) has a current EV/EBIT of NaN. The 5-year average EV/EBIT is NaN. The thresholds are as follows: Strongly Undervalued below NaN, Undervalued between NaN and NaN, Fairly Valued between NaN and NaN, Overvalued between NaN and NaN, and Strongly Overvalued above NaN. The current Forward EV/EBIT of NaN falls within the range.

3.57

1st Source Corp. (SRCE) has a current PS of 3.57. The 5-year average PS is 3.41. The thresholds are as follows: Strongly Undervalued below 2.81, Undervalued between 2.81 and 3.11, Fairly Valued between 3.72 and 3.11, Overvalued between 3.72 and 4.02, and Strongly Overvalued above 4.02. The current Forward PS of 3.57 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

1st Source Corp. (SRCE) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

1st Source Corp. (SRCE) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

1st Source Corp (SRCE) has a current Price-to-Book (P/B) ratio of 1.31. Compared to its 3-year average P/B ratio of 1.31 , the current P/B ratio is approximately 0.18% higher. Relative to its 5-year average P/B ratio of 1.31, the current P/B ratio is about 0.01% higher. 1st Source Corp (SRCE) has a Forward Free Cash Flow (FCF) yield of approximately 13.93%. Compared to its 3-year average FCF yield of 13.89%, the current FCF yield is approximately 0.27% lower. Relative to its 5-year average FCF yield of 14.04% , the current FCF yield is about -0.78% lower.

1.31

P/B

Median3y

1.31

Median5y

1.31

13.93

FCF Yield

Median3y

13.89

Median5y

14.04

Competitors Valuation Multiple

The average P/S ratio for SRCE's competitors is 40.68, providing a benchmark for relative valuation. 1st Source Corp Corp (SRCE) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 10.61%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Lakeland Financial Corp

German American Bancorp Inc

National Bank Holdings Corp

36.34

2.67%

1.37B

Performance Decomposition

Market capitalization of SRCE decreased by 6.33% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 33.40 to 38.46.

The secondary factor is the Revenue Growth, contributed 10.61%to the performance.

Overall, the performance of SRCE in the past 1 year is driven by Margin Expansion. Which is more sustainable.

10.61%

88.21M → 97.58M

Revenue Growth

15.15%

33.40 → 38.46

Margin Expansion

-32.09%

16.10 → 10.93

P/E Change

-6.33%