Grupo Financiero Galicia S.A. (GGAL) vs Independent Bank Corp. (INDB)

Grupo Financiero Galicia S.A. and Independent Bank Corp. are both Banks Regional companies. Grupo Financiero Galicia S.A. and Independent Bank Corp. are of similar size ($4.0B and $4.0B). Independent Bank Corp. trades at the lower P/E: 12.5× against 15.2×. Independent Bank Corp. grew revenue faster over the last twelve months: 24.6% against −65.4%. Independent Bank Corp. has the higher net margin (24.3% vs 7.53%) and the higher return on invested capital (8.02% vs −76.1%). Across the 17 metrics below, Independent Bank Corp. leads on 9 and Grupo Financiero Galicia S.A. on 8.

Valuation

Metric GGAL INDB Banks Regional median
P/E 15.21 12.54 12.02
P/S 1.20 2.97 2.36
P/B 0.80 1.16 1.23
Price to free cash flow 0.70 13.14 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.58% 7.98% 8.21%
Free cash flow yield 143.09% 7.61% 9.23%

Profitability

Metric GGAL INDB Banks Regional median
Gross margin 84.41% 75.87% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 7.53% 24.27% 18.82%
Free cash flow margin 0.00% 0.00% 17.97%
Return on equity 0.00% 9.34% 10.28%
Return on assets 1.00% 1.31% 1.13%
Return on invested capital (76.07%) 8.02% 8.45%

Growth

Metric GGAL INDB Banks Regional median
Revenue growth (TTM) (65.36%) 24.64% 6.37%
EPS growth (last fiscal year) (91.19%) (1.77%) 18.85%
Revenue growth, 5-year CAGR 19.31% 17.93% 12.65%
Net income growth, 5-year CAGR (13.82%) 11.10% 9.81%

Health

Metric GGAL INDB Banks Regional median
Debt to equity 0.00 0.18 0.17
Current ratio 1.08 0.93 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric GGAL INDB Banks Regional median
Dividend yield — 2.97% 2.49%
Payout ratio — 0.37 0.29

Size

Metric GGAL INDB Banks Regional median
Market cap 3.96b 3.96b 934.85m

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