Independent Bank Corporation
NASDAQ Global SelectTotal Valuation
Independent Bank Corporation carries a market capitalization of 770.05M, placing it among publicly traded companies globally. Its enterprise value stands at 546.81M, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 770.05M |
| Enterprise Value | 546.81M |
Share Statistics
Independent Bank Corporation currently has 20.60M shares outstanding.
| Shares Outstanding | 20.60M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Independent Bank Corporation trades at a trailing price-to-earnings ratio of 10.37. The price-to-sales ratio is 3.24, and the price-to-book ratio stands at 1.41.
| PE Ratio | 10.37 |
| PS Ratio | 3.24 |
| PB Ratio | 1.41 |
| P/TBV Ratio | 1.60 |
| P/FCF Ratio | 15.23 |
| P/OCF Ratio | 15.08 |
Enterprise Valuation
On an enterprise value basis, Independent Bank Corporation trades at an EV/EBITDA multiple of 55.18 and an EV/FCF ratio of 11.08.
| EV / Sales | 2.38 |
| EV / EBITDA | 55.18 |
| EV / EBIT | N/A |
| EV / FCF | 11.08 |
Financial Position
| Current Ratio | N/A |
| Quick Ratio | N/A |
| Debt / Equity | 31.59 |
| Debt / EBITDA | 16.84 |
| Interest Coverage | N/A |
Financial Efficiency
| Return on Equity (ROE) | 14.38 |
| Return on Assets (ROA) | 1.29 |
| Return on Invested Capital (ROIC) | N/A |
| Return on Capital Employed (ROCE) | N/A |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | N/A |
Taxes
Over the trailing twelve months, Independent Bank Corporation has paid 12.67M in income taxes, reflecting an effective tax rate of 15.01.
| Income Tax | 12.67M |
| Effective Tax Rate | 15.01 |
Stock Price Statistics
Independent Bank Corporation's stock has gained approximately 12.96856% over the past 52 weeks. The 50-day moving average sits at 37.06, while the 200-day moving average is 34.79.
| Beta (5Y) | N/A |
| 52-Week Price Change | 12.96856% |
| 50-Day Moving Average | 37.06 |
| 200-Day Moving Average | 34.79 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Independent Bank Corporation generated 229.91M in revenue and converted that into 71.75M in net income, yielding earnings per share of 3.44.
| Revenue | 229.91M |
| Gross Profit | N/A |
| Operating Income | N/A |
| Pretax Income | 84.43M |
| Net Income | 71.75M |
| EBITDA | 9.91M |
| EBIT | N/A |
| Earnings Per Share (EPS) | 3.44 |
Balance Sheet
Independent Bank Corporation holds 363.22M in cash and equivalents against 166.90M in total debt, resulting in a net debt position of 1.45M.
| Cash & Cash Equivalents | 363.22M |
| Total Debt | 166.90M |
| Net Debt | 1.45M |
| Equity (Book Value) | 528.41M |
| Book Value Per Share | 25.65 |
| Working Capital | N/A |
Cash Flow
Independent Bank Corporation produced 49.35M in operating cash flow over the past twelve months.
| Operating Cash Flow | 49.35M |
| Capital Expenditures | N/A |
| Free Cash Flow | 49.35M |
| FCF Per Share | 2.39 |
Margins
Independent Bank Corporation operates with a gross margin of 100.00, reflecting its pricing power and cost economics.
| Gross Margin | 100.00 |
| Operating Margin | N/A |
| Pretax Margin | 36.72 |
| Profit Margin | 31.21 |
| EBITDA Margin | 4.31 |
Dividends & Yields
The company's payout ratio of 31.08 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 1.08 |
| Dividend Yield | N/A |
| Payout Ratio | 31.08 |
| Shareholder Yield | -21.39 |
| FCF Yield | 6.57 |
Stock Splits
Independent Bank Corporation's most recent stock split took place on September 1, 2010 with a 10:1 split ratio.
| Last Split Date | 9/1/2010 |
| Split Ratio | 10:1 |
Scores
Independent Bank Corporation posts an Altman Z-Score of 0.20, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 0.20 |