Company Valuation: Independent Bank Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 2,695 3,854 2,886 2,728 3,623 4,083 -
Change - 43.01% -25.11% -5.48% 32.83% 12.7% -
Enterprise Value (EV) 2,695 3,854 2,886 2,728 3,623 4,083 4,083
Change - 43.01% -25.11% -5.48% 32.83% 12.7% 0%
P/E 23.5x 14.8x 12.1x 14.2x 16.5x 12.1x 10.3x
PBR 1.28x 1.33x 0.97x 0.91x 1.01x 1.13x 1.05x
PEG - 0.2x -2.55x -0.9x -9.32x 0.2x 0.6x
Capitalization / Revenue 5.31x 5.29x 3.95x 3.95x 4.23x 3.95x 3.76x
EV / Revenue 0x 0x 0x 0x 0x 3.95x 3.76x
EV / EBITDA - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.62x 7.84x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 1.92 2.08 2.2 2.28 2.36 2.54 2.584
Rate of return 2.35% 2.46% 3.34% 3.55% 3.23% 2.96% 3.01%
EPS 2 3.47 5.69 5.42 4.52 4.44 7.1 8.294
Distribution rate 55.3% 36.6% 40.6% 50.4% 53.2% 35.8% 31.2%
Net sales 1 507.4 727.9 731.1 689.7 857.5 1,034 1,086
EBITDA - - - - - - -
EBIT 1 266.4 361.4 338.4 283.4 332.7 473.8 520.6
Net income 1 121 263.8 239.5 192.1 205.1 338.5 372.9
Net Debt - - - - - - -
Reference price 2 81.53 84.43 65.81 64.19 73.08 85.75 85.75
Nbr of stocks (in thousands) 33,050 45,642 43,853 42,495 49,577 47,619 -
Announcement Date 1/20/22 1/19/23 1/18/24 1/16/25 1/22/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.08x - - 2.96% 4.08B
6.28x - - 5.02% 336B
17.99x - - 0.94% 110B
15.56x - - 4.37% 80.87B
8.18x - - 6.03% 67.51B
5.13x - - 5.86% 58.18B
18.83x - - 2.82% 52.37B
9.48x - - 4.54% 42.49B
13.25x - - 5.24% 44.32B
10.98x - - 3.66% 36.15B
Average 11.78x 4.14% 83.18B
Weighted average by Cap. 10.36x 4.34%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
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  3. INDB Stock
  4. Valuation Independent Bank Corp.