Independent Bank Corp. IBCP
35.83
0.21
0.59%
as of 25 Sep
- Market cap
- $790.7M
- P/E
- 10.3×
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
20.61 | 23.80 | 12.36 | 11.10 | 7.19 | 8.20 | 8.02 | 9.13 | 10.88 | 9.86 |
P/S ratio |
3.66 | 3.46 | 2.80 | 2.64 | 1.84 | 2.40 | 2.21 | 1.86 | 2.25 | 2.14 |
P/FCF ratio |
22.82 | 14.17 | 11.95 | 17.50 | 7.32 | 4.94 | 5.61 | 7.58 | 12.96 | 9.62 |
P/Operating CF |
43.51 | 15.24 | 20.26 | 18.24 | 19.85 | 9.50 | 616.04 | 32.15 | 44.45 | 86.64 |
P/B ratio |
1.89 | 1.84 | 1.45 | 1.48 | 1.04 | 1.29 | 1.47 | 1.34 | 1.60 | 1.34 |
Price to Tangible BV |
2.02 | 1.97 | 1.74 | 1.74 | 1.19 | 1.51 | 1.86 | 1.63 | 1.92 | 1.53 |
EV/Sales |
3.32 | 3.69 | 2.77 | 2.95 | 1.80 | 2.40 | 2.60 | 1.72 | 2.27 | 2.07 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
18.02 | 13.46 | 10.83 | 16.84 | 6.75 | 4.67 | 6.34 | 6.61 | 11.59 | 8.53 |
EV/FCF |
20.68 | 15.11 | 11.82 | 19.61 | 7.14 | 4.93 | 6.61 | 7.02 | 13.04 | 9.32 |
Quick Ratio |
0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 |
Current Ratio |
0.77 | 0.87 | 0.93 | 0.93 | 0.80 | 0.74 | 0.82 | 0.86 | 0.89 | 0.93 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
1.77% | 3.23% | 1.94% | 3.59% | 2.59% | 2.32% | 3.30% | 2.46% | 2.33% | 2.12% |
Debt/Equity |
0.18 | 0.34 | 0.19 | 0.37 | 0.28 | 0.27 | 0.48 | 0.32 | 0.27 | 0.23 |
Asset Turnover |
0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 |
Operating CF/Net income |
1.04 | 1.89 | 1.13 | 0.74 | 1.05 | 1.75 | 1.49 | 1.28 | 0.95 | 1.12 |
Capex/Depreciation |
(0.58) | (0.61) | (0.62) | (0.80) | (0.35) | (0.48) | (0.36) | (0.44) | (0.70) | (0.66) |
| 9.11% | 7.97% | 13.19% | 13.48% | 15.18% | 15.96% | 16.98% | 15.71% | 15.55% | 14.31% | |
| 0.92% | 0.77% | 1.30% | 1.34% | 1.45% | 1.41% | 1.31% | 1.15% | 1.26% | 1.26% | |
ROIC |
10.04% | 8.14% | 9.86% | 8.75% | 11.44% | 12.14% | 11.09% | 12.65% | 11.30% | 10.55% |
Return on Tangible Assets |
(4.82%) | (7.53%) | (24.77%) | (27.50%) | (8.05%) | (6.06%) | (8.04%) | (9.17%) | (14.30%) | (21.48%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
69.12% | 66.03% | 60.08% | 57.23% | 61.15% | 60.12% | 57.89% | 45.92% | 43.19% | 45.78% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
1.26% | 1.24% | 0.99% | 0.94% | 0.90% | 0.91% | 0.93% | 0.77% | 0.72% | 0.86% |
Graham Net Nets |
(1.18) | (0.82) | (0.54) | (0.65) | (2.08) | (2.30) | (1.94) | (1.50) | (0.86) | (0.70) |
Graham Number |
16.74 | 16.38 | 23.53 | 26.50 | 32.01 | 34.77 | 33.41 | 34.98 | 39.59 | 42.41 |
Earnings Yield |
4.85% | 4.20% | 8.09% | 9.01% | 13.91% | 12.19% | 12.46% | 10.95% | 9.19% | 10.14% |
Free Cash Flow Yield |
4.38% | 7.06% | 8.36% | 5.71% | 13.66% | 20.26% | 17.82% | 13.18% | 7.72% | 10.39% |
Revenue per Share |
6.03 | 6.60 | 7.50 | 8.59 | 10.04 | 9.95 | 10.95 | 13.84 | 15.47 | 15.19 |
Operating CF per Share |
1.11 | 1.81 | 1.92 | 1.51 | 2.67 | 5.10 | 4.49 | 3.60 | 3.02 | 3.69 |
Capex per Share |
(0.14) | (0.20) | (0.16) | (0.21) | (0.15) | (0.27) | (0.18) | (0.21) | (0.33) | (0.31) |
Free Cash Flow per Share |
0.97 | 1.61 | 1.76 | 1.29 | 2.52 | 4.84 | 4.30 | 3.40 | 2.69 | 3.38 |
Cash per Share |
4.17 | 2.72 | 3.03 | 2.87 | 5.40 | 5.07 | 3.53 | 8.09 | 5.74 | 6.67 |
Shareholders Equity per Share |
11.65 | 12.42 | 14.48 | 15.30 | 17.72 | 18.46 | 16.48 | 19.28 | 21.76 | 24.23 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.65 | 12.42 | 14.48 | 15.30 | 17.72 | 18.46 | 16.48 | 19.28 | 21.76 | 24.23 |
Free Cash Flow |
20.66 | 34.39 | 41.17 | 29.63 | 55.43 | 104.38 | 90.79 | 71.21 | 56.16 | 70.17 |
Working Capital |
(512.45) | (311.10) | (199.63) | (207.27) | (733.83) | (1,073.61) | (824.01) | (679.43) | (504.51) | (358.13) |
Capital Expenditures |
(3.04) | (4.22) | (3.76) | (4.86) | (3.25) | (5.77) | (3.85) | (4.38) | (6.99) | (6.49) |
Net Current Asset Value |
(558.17) | (401.27) | (264.72) | (335.37) | (842.65) | (1,182.57) | (989.11) | (808.69) | (628.90) | (474.99) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
Net Profit Margin |
17.67% | 14.54% | 22.69% | 23.61% | 25.46% | 29.29% | 27.43% | 20.34% | 20.67% | 21.73% |
Price to Operating Income |
14.22 | 12.79 | 9.48 | 8.98 | 5.84 | 6.65 | 6.55 | 7.33 | 8.76 | 8.31 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.13 | 0.18 | 0.16 | 0.16 | 0.25 | 0.33 | 0.30 | 0.28 | 0.27 | 0.25 |
Cash ROIC |
(4.30%) | (0.13%) | 1.29% | (0.72%) | 3.66% | 11.95% | 10.01% | 5.70% | 3.67% | 4.97% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
118,045.25 | 96,042.41 | 60,797.05 | 42,069.51 | 81,866.84 | 180,726.14 | 82,190.58 | 20,244.65 | 16,898.20 | 19,371.10 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
2,155.84 | 2,313.13 | 2,656.98 | 2,975.08 | 3,337.04 | 3,877.22 | 4,248.08 | 4,500.97 | 4,638.48 | 4,707.89 |
Average Assets |
2,479.01 | 2,669.15 | 3,071.32 | 3,458.99 | 3,884.35 | 4,454.38 | 4,852.26 | 5,131.76 | 5,300.92 | 5,421.91 |
Average Common Equity |
250.04 | 256.96 | 301.96 | 344.58 | 369.85 | 394.00 | 373.04 | 376.02 | 429.57 | 478.82 |
Columns are period end dates