Horizon Bancorp Inc
NASDAQ:HBNC

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Horizon Bancorp Inc
NASDAQ:HBNC
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Price: 16.35 USD Market Closed
Market Cap: 714.8m USD
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Relative Value

The Relative Value of one HBNC stock under the Base Case scenario is 17.96 USD. Compared to the current market price of 16.35 USD, Horizon Bancorp Inc is Undervalued by 9%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

HBNC Relative Value
Base Case
17.96 USD
Undervaluation 9%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
23
Median 3Y
3
Median 5Y
3
Industry
2.5
Forward
3.1
vs History
1
vs Industry
7
Median 3Y
8.7
Median 5Y
8.7
Industry
10.4
Forward
11.2
vs History
33
vs Industry
51
Median 3Y
0.9
Median 5Y
1
Industry
0.9
vs History
26
vs Industry
47
Median 3Y
0.1
Median 5Y
0.1
Industry
0.1

Multiples Across Competitors

HBNC Competitors Multiples
Horizon Bancorp Inc Competitors

All Multiples
P/S
P/E
P/B
All Countries
Close
Market Cap P/S P/E P/B
US
Horizon Bancorp Inc
NASDAQ:HBNC
714.7m USD 3.8 33.9 0.9
US
PNC Financial Services Group Inc
NYSE:PNC
77.3B USD 3.6 16.3 1.4
US
Truist Financial Corp
NYSE:TFC
58.4B USD 4.2 -30.5 0.9
US
M&T Bank Corp
NYSE:MTB
31.7B USD 3.5 14 1.1
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
30.5B USD 3.1 12.1 1.3
US
Fifth Third Bancorp
NASDAQ:FITB
29.2B USD 3.5 14.2 1.4
CN
Bank of Jiangsu Co Ltd
SSE:600919
179.3B CNY 2.2 7 0.6
US
Huntington Bancshares Inc
NASDAQ:HBAN
24B USD 3.4 15.8 1.2
US
Regions Financial Corp
NYSE:RF
21.9B USD 3.1 13.4 1.2
CN
Bank of Ningbo Co Ltd
SZSE:002142
158.8B CNY 2.3 6.2 0.7
US
Citizens Financial Group Inc
NYSE:CFG
19.5B USD 2.5 16.8 0.8

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