Horizon Bancorp Inc
NASDAQ:HBNC

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Horizon Bancorp Inc
NASDAQ:HBNC
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Price: 17.13 USD 2.76%
Market Cap: 877.4m USD

Relative Value

The Relative Value of one HBNC stock under the Base Case scenario is 23.09 USD. Compared to the current market price of 17.13 USD, Horizon Bancorp Inc is Undervalued by 26%.

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
23.09 USD
Undervaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
vs Industry
23
Median 3Y
2.8
Median 5Y
2.9
Industry
2.8
Forward
3.1
vs History
vs Industry
11
Median 3Y
13.5
Median 5Y
8.3
Industry
11.5
Forward
-5.2
vs History
1
vs Industry
53
Median 3Y
0.9
Median 5Y
0.9
Industry
1.1
vs History
1
vs Industry
45
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
877.4m USD -11.3 -4.7 1.3
US
PNC Financial Services Group Inc
NYSE:PNC
86.2B USD 3.8 14 1.5
US
Truist Financial Corp
NYSE:TFC
64.9B USD 3.2 13.2 1
US
M&T Bank Corp
NYSE:MTB
32.9B USD 3.4 12.5 1.1
US
Fifth Third Bancorp
NASDAQ:FITB
32.8B USD 3.7 14.5 1.6
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
27.6B USD 2.9 12.1 1.3
CN
Bank of Jiangsu Co Ltd
SSE:600919
190.9B CNY 2.1 6 0.6
US
Huntington Bancshares Inc
NASDAQ:HBAN
26.8B USD 3.4 12.7 1.2
CN
Bank of Ningbo Co Ltd
SZSE:002142
185.9B CNY 2.4 6.7 0.7
US
Citizens Financial Group Inc
NYSE:CFG
26.5B USD 3.3 16.9 1
US
Regions Financial Corp
NYSE:RF
25.5B USD 3.4 12.3 1.3