Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 31.5 USD 2.71% Market Closed
Market Cap: 660.6m USD

Relative Value

The Relative Value of one IBCP stock under the Base Case scenario is 25.27 USD. Compared to the current market price of 31.5 USD, Independent Bank Corp (Michigan) is Overvalued by 20%.

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.

IBCP Relative Value
Base Case
25.27 USD
Overvaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
14
vs Industry
36
Median 3Y
2.2
Median 5Y
2
Industry
2.5
Forward
3.6
vs History
14
vs Industry
51
Median 3Y
7.5
Median 5Y
6.6
Industry
10.2
Forward
9.9
vs History
15
vs Industry
16
Median 3Y
1.2
Median 5Y
1.1
Industry
0.9
vs History
14
vs Industry
36
Median 3Y
0.1
Median 5Y
0.1
Industry
0.1

Multiples Across Competitors

IBCP Competitors Multiples
Independent Bank Corp (Michigan) Competitors

Market Cap P/S P/E P/B
US
Independent Bank Corp (Michigan)
NASDAQ:IBCP
660.6m USD 3 9.9 1.4
US
PNC Financial Services Group Inc
NYSE:PNC
65.5B USD 3 11.6 1.2
US
Truist Financial Corp
NYSE:TFC
51.7B USD 3.9 11.4 0.8
US
M&T Bank Corp
NYSE:MTB
28.5B USD 3.1 11.4 1
CN
Bank of Jiangsu Co Ltd
SSE:600919
186.4B CNY 2.2 6.1 0.6
US
Fifth Third Bancorp
NASDAQ:FITB
24.8B USD 2.9 11.5 1.2
US
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
24.6B USD 2.6 10 1.1
US
Huntington Bancshares Inc
NASDAQ:HBAN
22B USD 2.9 11.5 1.1
CN
Bank of Ningbo Co Ltd
SZSE:002142
157.8B CNY 2.3 6 0.7
US
Regions Financial Corp
NYSE:RF
18.9B USD 2.7 10 1
US
KeyCorp
NYSE:KEY
17.2B USD 3.6 -146 0.9