Independent Bank Corporation (IBCP)

NASDAQ: IBCP · IEX Real-Time Price · USD
21.80
-0.03 (-0.14%)
At close: Aug 19, 2022 4:00 PM
21.79
-0.02 (-0.07%)
After-hours: Aug 19, 2022 4:05 PM EDT

Total Valuation

IBCP has a market cap or net worth of $459.02 million. The enterprise value is $504.06 million.

Market Cap 459.02M
Enterprise Value 504.06M

Important Dates

The latest earnings date was Tuesday, July 26, 2022, before market open.

Last Earnings Date Jul 26, 2022
Ex-Dividend Date Aug 4, 2022

Share Statistics

IBCP has 21.06 million shares outstanding. The number of shares has decreased by -3.39% in one year.

Shares Outstanding 21.06M
Shares Change (YoY) -3.39%
Shares Change (QoQ) -0.70%
Owned by Insiders (%) 4.38%
Owned by Institutions (%) 81.58%
Float 19.24M

Valuation Ratios

The trailing PE ratio is 7.87 and the forward PE ratio is 8.10. IBCP's PEG ratio is 2.33.

PE Ratio 7.87
Forward PE 8.10
PS Ratio 2.23
Forward PS 2.95
PB Ratio 1.39
P/FCF Ratio 4.64
PEG Ratio 2.33
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 5.95, with a EV/FCF ratio of 5.09.

EV / Earnings 8.48
EV / Sales 2.45
EV / EBITDA 5.95
EV / EBIT 6.90
EV / FCF 5.09

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.32
Debt / EBITDA 1.23
Debt / FCF 1.06

Financial Efficiency

Return on equity (ROE) is 16.00% and return on invested capital (ROIC) is 1.60%.

Return on Equity (ROE) 16.00%
Return on Assets (ROA) 1.30%
Return on Capital (ROIC) 1.60%
Revenue Per Employee $237,204
Profits Per Employee $68,635
Employee Count 866
Asset Turnover 0.04
Inventory Turnover n/a

Taxes

In the past 12 months, IBCP has paid $13.63 million in taxes.

Income Tax 13.63M
Effective Tax Rate 18.65%

Stock Price Statistics

The stock price has increased by +7.16% in the last 52 weeks. The beta is 0.96, so IBCP's price volatility has been similar to the market average.

Beta (1Y) 0.96
52-Week Price Change +7.16%
50-Day Moving Average 19.99
200-Day Moving Average 20.79
Average Volume (30 Days) 81,464

Short Selling Information

The latest short interest is 535,234, so 2.54% of the outstanding shares have been sold short.

Short Interest 535,234
Short % of Shares Out 2.54%
Short % of Float 2.78%
Short Ratio (days to cover) 6.13

Income Statement

In the last 12 months, IBCP had revenue of $205.42 million and earned 59.44 million in profits. Earnings per share was $2.77.

Revenue 205.42M
Gross Profit 205.42M
Operating Income 73.01M
Pretax Income 73.07M
Net Income 59.44M
EBITDA 84.65M
EBIT 73.07M
Earnings Per Share (EPS) $2.77
Full Income Statement

Balance Sheet

The company has $59.49 million in cash and $104.53 million in debt, giving a net cash position of -$45.04 million or -$2.14 per share.

Cash & Cash Equivalents 59.49M
Total Debt 104.53M
Net Cash -45.04M
Net Cash Per Share -$2.14
Book Value 331.13M
Book Value Per Share 15.73
Working Capital n/a
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $104.68 million and capital expenditures -$5.66 million, giving a free cash flow of $99.02 million.

Operating Cash Flow 104.68M
Capital Expenditures -5.66M
Free Cash Flow 99.02M
FCF Per Share $4.70
Full Cash Flow Statement

Margins

Gross margin is 100.00%, with operating and profit margins of 35.54% and 28.94%.

Gross Margin 100.00%
Operating Margin 35.54%
Pretax Margin 35.57%
Profit Margin 28.94%
EBITDA Margin 41.21%
EBIT Margin 35.57%
FCF Margin 48.20%

Dividends & Yields

This stock pays an annual dividend of $0.87, which amounts to a dividend yield of 3.99%.

Dividend Per Share $0.87
Dividend Yield 3.99%
Earnings Yield 12.95%
FCF Yield 21.57%
Dividend Growth (YoY) 4.76%
Payout Ratio 30.70%
Buyback Yield 3.39%
Shareholder Yield 7.38%
Dividend Details

Analyst Forecast

The average price target for IBCP is $23.26, which is 6.70% higher than the current price. The consensus rating is "Buy".

Price Target $23.26
Price Target Difference 6.70%
Analyst Consensus Buy
Analyst Count 12
Stock Forecasts

Stock Splits

The last stock split was on September 1, 2010. It was a reverse split with a ratio of 1:10.

Last Split Date Sep 1, 2010
Split Type Reverse
Split Ratio 1:10