IBCP
Independent Bank Corp (Michigan)
Price:  
25.06 
USD
Volume:  
53,496.00
United States | Banks
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IBCP Intrinsic Value

%
Upside

As of 2024-05-29, the Intrinsic Value of Independent Bank Corp (Michigan) (IBCP) is 25.89 USD. This IBCP valuation is based on the model Peter Lynch Fair Value. With the current market price of 25.06 USD, the upside of Independent Bank Corp (Michigan) is %.

25.06 USD
Stock Price
25.89 USD
Intrinsic Value
Intrinsic Value Details

IBCP Intrinsic Value - Valuation Summary

Range Selected Upside
a
Fair Value 25.89 - 25.89 25.89 3.30%
P/E 24.23 - 40.17 29.16 16.3%
DDM - Stable 23.29 - 46.08 34.68 38.4%
DDM - Multi 27.44 - 42.20 33.25 32.7%

IBCP Intrinsic Value - Key Valuation Metrics

Market Cap (mil) 523.75
Beta 0.72
Outstanding shares (mil) 20.90
Enterprise Value (mil) 603.03
Market risk premium 4.60%
Cost of Equity 8.36%
Cost of Debt 5.00%
WACC 7.80%