INDEPENDENT BANK CORP /MI/ (IBCP)
State Commercial Banks · Financial Services · $714M
Intrinsic Value (Consensus)
$78.54
Current Price
$34.70
Margin of Safety
+126.3%
126.3% Below Intrinsic Value
Value: $79
Price: $35
Valuation Model Estimates
Current Price: $34.70
DCF (Discounted Cash Flow)
$159.84
Graham Number
$42.40
Earnings Power Value
$31.75
Relative Value (P/E)
$65.40
Dividend Discount Model
$93.33
Consensus Value
$78.54
Model Assumptions
Discount Rate
10.3%
Growth Rate
20.0%
Terminal Growth
2.5%
Risk-Free Rate
4.3%
Discount rate derived from CAPM (risk-free rate + beta × market risk premium). Growth rate based on trailing earnings growth, capped at 20%.
Health Score
B
70
Profitability
18/25
Strength
17/25
Valuation
22/25
Growth
13/25
Financial Health Signals
Strong earnings growth (20% YoY)
High free cash flow yield (9.8%) — generating lots of cash relative to price
Key Financials
- EPS (TTM)
- $3.27
- EPS (Forward)
- $3.92
- Book Value
- $24.43
- P/E Ratio
- 20.0
- Forward P/E
- 16.7
- PEG Ratio
- —
- ROE
- 13.6%
- Debt/Equity
- —
- Revenue Growth
- 0.3%
- Earnings Growth
- 20.0%
- Dividend Yield
- 0.4%
- Beta
- 1.00
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Data last updated: 2026-06-16
Source: Yahoo Finance