Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan)

NASDAQ:IBCP

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Price: 31.54 USD -0.13% Market Closed

Market Cap: 659.2m USD

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IBCP Alert

Independent Bank Corp (Michigan)

31.54

-0.04 (-0.13%)

52 Week Range	22.4188 38.7056
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Independent Bank Corp (Michigan)

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Relative Value Valuation Multiples Multiples Across Competitors See Also

Section:

Relative Value

Valuation Multiples

Multiples Across Competitors

Relative Value

The Relative Value of one IBCP stock under the Base Case scenario is 25.54 USD. Compared to the current market price of 31.54 USD, Independent Bank Corp (Michigan) is Overvalued by 19%.

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.

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What is Relative Valuation?

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IBCP Relative Value

Base Case

25.54 USD

Overvaluation 19%

Relative Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

P/S

Price to Sales

vs History	12
vs Industry	36

Median 3Y

2.2

Median 5Y

Industry

2.5

Forward

3.6

vs History	12
vs Industry	51

Median 3Y

7.3

Median 5Y

6.6

Industry

10.5

Forward

9.9

vs History	12
vs Industry	16

Median 3Y

1.2

Median 5Y

1.1

Industry

0.9

vs History	12
vs Industry	36

Median 3Y

0.1

Median 5Y

0.1

Industry

0.1

More Details

Multiples Across Competitors

IBCP Competitors Multiples
Independent Bank Corp (Michigan) Competitors

All Multiples

P/S

P/E

P/B

All Countries

All Countries United States of America United Kingdom Canada New Zealand Germany Bermuda Ireland Luxembourg Austria Italy France Belgium Netherlands Portugal Switzerland Spain Lithuania Estonia Latvia Finland Iceland Sweden Norway Denmark Israel Hong Kong Korea Poland Hungary Philippines Singapore India Japan Pakistan Australia Chile Saudi Arabia Thailand China Indonesia Greece South Africa Vietnam Malaysia Brazil Argentina Mexico Croatia Turkey Taiwan Peru Russia Cyprus Cayman Islands Papua New Guinea Mongolia Guernsey British Virgin Islands Panama Puerto Rico Monaco Colombia Uruguay United Arab Emirates Macao Egypt Bahamas Jersey Anguilla Nicaragua Isle of Man Mauritius Guam Venezuela Czech Republic Malta Liechtenstein Georgia Cambodia Azerbaijan Ukraine French Guiana Martinique Costa Rica Gibraltar Morocco Virgin Islands (U.S.) Faroe Islands Nigeria Bulgaria Slovenia Slovakia Romania Kazakhstan Jordan Kenya Zimbabwe Malawi

Forward Multiples

		Market Cap	P/S	P/E	P/B
US	Independent Bank Corp (Michigan) NASDAQ:IBCP	659.1m USD	3	9.9	1.4
US	PNC Financial Services Group Inc NYSE:PNC	69.3B USD	3.2	12.6	1.3
US	Truist Financial Corp NYSE:TFC	54.5B USD	4.1	12.2	0.9
US	M&T Bank Corp NYSE:MTB	29.7B USD	3.2	12.1	1
US	Fifth Third Bancorp NASDAQ:FITB	26.6B USD	3.1	12.4	1.4
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	25.8B USD	2.6	9.5	1.2
CN	Bank of Jiangsu Co Ltd SSE:600919	175.3B CNY	2.2	6.8	0.6
CN	Bank of Ningbo Co Ltd SZSE:002142	174.3B CNY	2.6	6.8	0.8
US	Huntington Bancshares Inc NASDAQ:HBAN	22B USD	3	12.2	1.1
JP	Resona Holdings Inc TSE:8308	3.2T JPY	3.3	14.9	1.2
US	Regions Financial Corp NYSE:RF	19.9B USD	2.8	11.2	1.1

P/S Multiple

			Revenue Growth	P/S to Growth
US	Independent Bank Corp (Michigan) NASDAQ:IBCP	Average P/S: 3 3	N/A	N/A
US	PNC Financial Services Group Inc NYSE:PNC	3.2	6%	0.5
US	Truist Financial Corp NYSE:TFC	4.1	19%	0.2
US	M&T Bank Corp NYSE:MTB	3.2	4%	0.8
US	Fifth Third Bancorp NASDAQ:FITB	3.1	6%	0.5
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	2.6	1%	2.6
CN	Bank of Jiangsu Co Ltd SSE:600919	2.2	5%	0.4
CN	Bank of Ningbo Co Ltd SZSE:002142	2.6	7%	0.4
US	Huntington Bancshares Inc NASDAQ:HBAN	3	7%	0.4
JP	Resona Holdings Inc TSE:8308	3.3	4%	0.8
US	Regions Financial Corp NYSE:RF	2.8	6%	0.5

P/E Multiple

			Earnings Growth	PEG
US	Independent Bank Corp (Michigan) NASDAQ:IBCP	Average P/E: 11 9.9	N/A	N/A
US	PNC Financial Services Group Inc NYSE:PNC	12.6	12%	1.1
US	Truist Financial Corp NYSE:TFC	12.2	14%	0.9
US	M&T Bank Corp NYSE:MTB	12.1	12%	1
US	Fifth Third Bancorp NASDAQ:FITB	12.4	14%	0.9
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	9.5	4%	2.4
CN	Bank of Jiangsu Co Ltd SSE:600919	6.8	11%	0.6
CN	Bank of Ningbo Co Ltd SZSE:002142	6.8	9%	0.8
US	Huntington Bancshares Inc NASDAQ:HBAN	12.2	14%	0.9
JP	Resona Holdings Inc TSE:8308	14.9	16%	0.9
US	Regions Financial Corp NYSE:RF	11.2	12%	0.9

P/B Multiple


US	Independent Bank Corp (Michigan) NASDAQ:IBCP	Average P/B: 1.1 1.4
US	PNC Financial Services Group Inc NYSE:PNC	1.3
US	Truist Financial Corp NYSE:TFC	0.9
US	M&T Bank Corp NYSE:MTB	1
US	Fifth Third Bancorp NASDAQ:FITB	1.4
US	First Citizens BancShares Inc (Delaware) NASDAQ:FCNCA	1.2
CN	Bank of Jiangsu Co Ltd SSE:600919	0.6
CN	Bank of Ningbo Co Ltd SZSE:002142	0.8
US	Huntington Bancshares Inc NASDAQ:HBAN	1.1
JP	Resona Holdings Inc TSE:8308	1.2
US	Regions Financial Corp NYSE:RF	1.1

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Independent Bank Corp (Michigan)
NASDAQ:IBCP

Relative Value

Valuation Multiples

Multiples Across Competitors

IBCP Competitors Multiples
Independent Bank Corp (Michigan) Competitors

See Also

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Independent Bank Corp (Michigan) NASDAQ:IBCP

Relative Value

Valuation Multiples

Multiples Across Competitors

IBCP Competitors Multiples Independent Bank Corp (Michigan) Competitors

See Also

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Independent Bank Corp (Michigan)
NASDAQ:IBCP

IBCP Competitors Multiples
Independent Bank Corp (Michigan) Competitors