INDB
Independent Bank Corp (Massachusetts)
Price:  
54.06 
USD
Volume:  
469,107.00
United States | Banks
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INDB Fair Value

132.12 %
Upside

As of 2024-05-23, the Fair Value of Independent Bank Corp (Massachusetts) (INDB) is 125.48 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 54.06 USD, the upside of Independent Bank Corp (Massachusetts) is 132.12%.

54.06 USD
Stock Price
125.48 USD
Fair Price
FAIR VALUE CALCULATION

INDB Fair Value

Peter Lynch's formula is:

INDB Fair Value
= Earnings Growth Rate x TTM EPS
INDB Fair Value
= 23.57 x 5.32
INDB Fair Value
= 125.48

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 165.20 121.20 121.00 263.80 239.50 182.14
YoY growth 35.86% -26.63% -0.17% 118.02% -9.21% 23.57%

INDB Fair Value - Key Data

Market Cap (mil) 2,294.85
P/E 10.16x
Forward P/E 9.30x
EPS 5.32
Avg earnings growth rate 23.57%
TTM earnings 225.97