SSB Relative Valuation - SouthState Corp - Alpha Spread

SouthState Corp
NYSE:SSB

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SouthState Corp
NYSE:SSB
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Price: 101.63 USD 2.55% Market Closed
Market Cap: 7.8B USD
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Relative Value

The Relative Value of one SSB stock under the Base Case scenario is 117.36 USD. Compared to the current market price of 101.63 USD, SouthState Corp is Undervalued by 13%.

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.

SSB Relative Value
Base Case
117.36 USD
Undervaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
Median 3Y
3.7
Median 5Y
3.7
Industry
2.4
Forward
4.4
vs History
20
vs Industry
Median 3Y
12.3
Median 5Y
12.6
Industry
10.3
Forward
14.6
vs History
3
vs Industry
Median 3Y
1.1
Median 5Y
1.1
Industry
0.9
vs History
0
vs Industry
Median 3Y
0.2
Median 5Y
0.2
Industry
0.1

Multiples Across Competitors

SSB Competitors Multiples
SouthState Corp Competitors

All Multiples
P/S
P/E
P/B
All Countries
Close
Market Cap P/S P/E P/B
US
SouthState Corp
NYSE:SSB
6.7B USD 4.5 15.7 1.3
US
PNC Financial Services Group Inc
NYSE:PNC
74.1B USD 3.5 15.5 1.4
US
Truist Financial Corp
NYSE:TFC
56.6B USD 3.9 -26 0.9
US
M&T Bank Corp
NYSE:MTB
29.9B USD 3.2 13.3 1.1
US
Fifth Third Bancorp
NASDAQ:FITB
29.5B USD 3.5 13.7 1.5
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
28.4B USD 2.9 10.8 1.3
US
Huntington Bancshares Inc
NASDAQ:HBAN
21.5B USD 3 13.9 1.1
US
Regions Financial Corp
NYSE:RF
21.2B USD 3 12.8 1.2
CN
Bank of Jiangsu Co Ltd
SSE:600919
137.8B CNY 1.7 4.8 0.5
US
Citizens Financial Group Inc
NYSE:CFG
18.8B USD 2.4 15.4 0.8
CN
Bank of Ningbo Co Ltd
SZSE:002142
126.9B CNY 1.9 5 0.6

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