Independent Bank Corp.
NASDAQ Global SelectTotal Valuation
Independent Bank Corp. carries a market capitalization of 3.76B, placing it among publicly traded companies globally. Its enterprise value stands at 3.23B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 3.76B |
| Enterprise Value | 3.23B |
Share Statistics
Independent Bank Corp. currently has 47.55M shares outstanding.
| Shares Outstanding | 47.55M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
Independent Bank Corp. trades at a trailing price-to-earnings ratio of 15.15. The price-to-sales ratio is 4.15, and the price-to-book ratio stands at 1.13.
| PE Ratio | 15.15 |
| PS Ratio | 4.15 |
| PB Ratio | 1.13 |
| P/TBV Ratio | 1.73 |
| P/FCF Ratio | 12.11 |
| P/OCF Ratio | 12.78 |
Enterprise Valuation
On an enterprise value basis, Independent Bank Corp. trades at an EV/EBITDA multiple of 75.07 and an EV/FCF ratio of 9.52.
| EV / Sales | 3.27 |
| EV / EBITDA | 75.07 |
| EV / EBIT | N/A |
| EV / FCF | 9.52 |
Financial Position
| Current Ratio | N/A |
| Quick Ratio | N/A |
| Debt / Equity | 19.97 |
| Debt / EBITDA | 16.29 |
| Interest Coverage | N/A |
Financial Efficiency
| Return on Equity (ROE) | 8.24 |
| Return on Assets (ROA) | 1.21 |
| 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 Corp. has paid 78.94M in income taxes, reflecting an effective tax rate of 22.54.
| Income Tax | 78.94M |
| Effective Tax Rate | 22.54 |
Stock Price Statistics
Independent Bank Corp.'s stock has gained approximately 15.8309% over the past 52 weeks. The 50-day moving average sits at 81.49, while the 200-day moving average is 80.24.
| Beta (5Y) | N/A |
| 52-Week Price Change | 15.8309% |
| 50-Day Moving Average | 81.49 |
| 200-Day Moving Average | 80.24 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, Independent Bank Corp. generated 990.36M in revenue and converted that into 271.35M in net income, yielding earnings per share of 5.52.
| Revenue | 990.36M |
| Gross Profit | N/A |
| Operating Income | N/A |
| Pretax Income | 350.30M |
| Net Income | 271.35M |
| EBITDA | 43.07M |
| EBIT | N/A |
| Earnings Per Share (EPS) | 5.52 |
Balance Sheet
Independent Bank Corp. holds 1.45B in cash and equivalents against 701.47M in total debt, resulting in a net debt position of -299.76M.
| Cash & Cash Equivalents | 1.45B |
| Total Debt | 701.47M |
| Net Debt | -299.76M |
| Equity (Book Value) | 3.51B |
| Book Value Per Share | 73.87 |
| Working Capital | N/A |
Cash Flow
Independent Bank Corp. produced 321.72M in operating cash flow over the past twelve months. After subtracting -17.92M in capital expenditures, free cash flow totaled 303.80M - equivalent to 6.19 per share.
| Operating Cash Flow | 321.72M |
| Capital Expenditures | -17.92M |
| Free Cash Flow | 303.80M |
| FCF Per Share | 6.19 |
Margins
Independent Bank Corp. 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 | 35.37 |
| Profit Margin | 27.40 |
| EBITDA Margin | 4.35 |
Dividends & Yields
The company's payout ratio of 42.26 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 2.34 |
| Dividend Yield | N/A |
| Payout Ratio | 42.26 |
| Shareholder Yield | 9.01 |
| FCF Yield | 8.26 |
Stock Splits
Independent Bank Corp.'s most recent stock split took place on October 1, 1987 with a 2:3 split ratio.
| Last Split Date | 10/1/1987 |
| Split Ratio | 2:3 |
Scores
Independent Bank Corp. posts an Altman Z-Score of 0.23, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 0.23 |