MCBC
Macatawa Bank Corp
Price:  
14.32 
USD
Volume:  
320,714.00
United States | Banks
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MCBC Fair Value

-6.83 %
Upside

As of 2024-06-23, the Fair Value of Macatawa Bank Corp (MCBC) is 13.34 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 14.32 USD, the upside of Macatawa Bank Corp is -6.83%.

14.32 USD
Stock Price
13.34 USD
Fair Price
FAIR VALUE CALCULATION

MCBC Fair Value

Peter Lynch's formula is:

MCBC Fair Value
= Earnings Growth Rate x TTM EPS
MCBC Fair Value
= 11.18 x 1.19
MCBC Fair Value
= 13.34

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 31.98 30.17 29.01 34.73 43.22 33.82
YoY growth 21.23% -5.66% -3.84% 19.72% 24.46% 11.18%

MCBC Fair Value - Key Data

Market Cap (mil) 492.04
P/E 12.00x
Forward P/E 10.92x
EPS 1.19
Avg earnings growth rate 11.18%
TTM earnings 41.01