Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $550.78 million. The enterprise value is $518.19 million.
| Market Cap | 550.78M |
| Enterprise Value | 518.19M |
Important Dates
The last earnings date was Thursday, April 25, 2024, before market open.
| Earnings Date | Apr 25, 2024 |
| Ex-Dividend Date | May 2, 2024 |
Share Statistics
IBCP has 20.90 million shares outstanding. The number of shares has decreased by -1.06% in one year.
| Shares Outstanding | 20.90M |
| Shares Change (YoY) | -1.06% |
| Shares Change (QoQ) | +0.31% |
| Owned by Insiders (%) | 4.58% |
| Owned by Institutions (%) | 81.44% |
| Float | 18.85M |
Valuation Ratios
The trailing PE ratio is 8.96 and the forward PE ratio is 8.97. IBCP's PEG ratio is 2.33.
| PE Ratio | 8.96 |
| Forward PE | 8.97 |
| PS Ratio | 2.67 |
| Forward PS | 3.21 |
| PB Ratio | 1.33 |
| P/FCF Ratio | 7.93 |
| PEG Ratio | 2.33 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 5.91, with an EV/FCF ratio of 7.46.
| EV / Earnings | 8.35 |
| EV / Sales | 2.52 |
| EV / EBITDA | 5.91 |
| EV / EBIT | 6.68 |
| EV / FCF | 7.46 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | 0.31 |
| Debt / EBITDA | 1.47 |
| Debt / FCF | 1.86 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 15.80% and return on invested capital (ROIC) is 11.39%.
| Return on Equity (ROE) | 15.80% |
| Return on Assets (ROA) | 1.20% |
| Return on Capital (ROIC) | 11.39% |
| Revenue Per Employee | $277,972 |
| Profits Per Employee | $83,761 |
| Employee Count | 741 |
| Asset Turnover | 0.04 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $15.56 million in taxes.
| Income Tax | 15.56M |
| Effective Tax Rate | 20.04% |
Stock Price Statistics
The stock price has increased by +56.41% in the last 52 weeks. The beta is 0.97, so IBCP's price volatility has been similar to the market average.
| Beta (1Y) | 0.97 |
| 52-Week Price Change | +56.41% |
| 50-Day Moving Average | 24.62 |
| 200-Day Moving Average | 22.57 |
| Relative Strength Index (RSI) | 73.91 |
| Average Volume (30 Days) | 70,833 |
Short Selling Information
The latest short interest is 204,930, so 0.98% of the outstanding shares have been sold short.
| Short Interest | 204,930 |
| Short Previous Month | 229,184 |
| Short % of Shares Out | 0.98% |
| Short % of Float | 1.09% |
| Short Ratio (days to cover) | 3.17 |
Income Statement
In the last 12 months, IBCP had revenue of $205.98 million and earned $62.07 million in profits. Earnings per share was $2.94.
| Revenue | 205.98M |
| Gross Profit | 205.98M |
| Operating Income | 77.62M |
| Pretax Income | 77.62M |
| Net Income | 62.07M |
| EBITDA | 87.73M |
| EBIT | 77.62M |
| Earnings Per Share (EPS) | $2.94 |
Balance Sheet
The company has $161.84 million in cash and $129.25 million in debt, giving a net cash position of $32.59 million or $1.56 per share.
| Cash & Cash Equivalents | 161.84M |
| Total Debt | 129.25M |
| Net Cash | 32.59M |
| Net Cash Per Share | $1.56 |
| Equity / Book Value | 415.57M |
| Book Value Per Share | 19.88 |
| Working Capital | n/a |
Cash Flow
In the last 12 months, operating cash flow was $72.86 million and capital expenditures -$3.43 million, giving a free cash flow of $69.44 million.
| Operating Cash Flow | 72.86M |
| Capital Expenditures | -3.43M |
| Free Cash Flow | 69.44M |
| FCF Per Share | $3.32 |
Margins
Gross margin is 100.00%, with operating and profit margins of 37.68% and 30.13%.
| Gross Margin | 100.00% |
| Operating Margin | 37.68% |
| Pretax Margin | 37.68% |
| Profit Margin | 30.13% |
| EBITDA Margin | 42.59% |
| EBIT Margin | 37.68% |
| FCF Margin | 33.71% |
Dividends & Yields
This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 3.64%.
| Dividend Per Share | $0.96 |
| Dividend Yield | 3.64% |
| Dividend Growth (YoY) | 4.44% |
| Years of Dividend Growth | 9 |
| Payout Ratio | 32.65% |
| Buyback Yield | 1.06% |
| Shareholder Yield | 4.71% |
| Earnings Yield | 11.27% |
| FCF Yield | 12.61% |
Analyst Forecast
The average price target for IBCP is $24.50, which is -7.02% lower than the current price. The consensus rating is "Hold".
| Price Target | $24.50 |
| Price Target Difference | -7.02% |
| Analyst Consensus | Hold |
| Analyst Count | 2 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
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 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 5 |