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 3,974 -
Change - 43.01% -25.11% -5.48% 32.83% 9.69% -
Enterprise Value (EV) 2,695 3,854 2,886 2,728 3,623 3,974 3,974
Change - 43.01% -25.11% -5.48% 32.83% 9.69% 0%
P/E 23.5x 14.8x 12.1x 14.2x 16.5x 11.8x 10.1x
PBR 1.28x 1.33x 0.97x 0.91x 1.01x 1.1x 1.03x
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 3.84x 3.65x
EV / Revenue 0x 0x 0x 0x 0x 3.84x 3.65x
EV / EBITDA - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 8.37x 7.6x
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% 3.03% 3.08%
EPS 2 3.47 5.69 5.42 4.52 4.44 7.102 8.32
Distribution rate 55.3% 36.6% 40.6% 50.4% 53.2% 35.8% 31.1%
Net sales 1 507.4 727.9 731.1 689.7 857.5 1,034 1,088
EBITDA - - - - - - -
EBIT 1 266.4 361.4 338.4 283.4 332.7 474.6 522.8
Net income 1 121 263.8 239.5 192.1 205.1 338.5 374.9
Net Debt - - - - - - -
Reference price 2 81.53 84.43 65.81 64.19 73.08 83.90 83.90
Nbr of stocks (in thousands) 33,050 45,642 43,853 42,495 49,577 47,369 -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.81x - - 3.03% 3.97B
6.64x - - 4.79% 357B
17.62x - - 0.96% 108B
15.34x - - 4.38% 82.41B
8.02x - - 6.27% 66.12B
5.16x - - 5.83% 57.43B
17.89x - - 2.96% 49.76B
13.71x - - 5.09% 46.77B
9.31x - - 4.62% 41.74B
11.52x - - 3.49% 38.68B
Average 11.70x 4.14% 85.17B
Weighted average by Cap. 10.30x 4.28%

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
  2. Stocks
  3. INDB Stock
  4. Valuation Independent Bank Corp.