Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-23), Macatawa Bank's Intrinsic Value: Projected FCF is $16.92. The stock price of Macatawa Bank is $14.28. Therefore, Macatawa Bank's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.
The historical rank and industry rank for Macatawa Bank's Intrinsic Value: Projected FCF or its related term are showing as below:
MCBC'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.61 Med: 0.73 Max: 1.31
Current: 0.84
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Macatawa Bank was 1.31. The lowest was 0.61. And the median was 0.73.
MCBC's Price-to-Projected-FCF is ranked worse than 81.46% of 1219
companies
in the Banks industry
Industry Median: 0.44
vs MCBC: 0.84
Macatawa Bank Intrinsic Value: Projected FCF Historical Data
The historical data trend for Macatawa Bank's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Macatawa Bank's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macatawa Bank Price-to-Projected-FCF Distribution
For the Banks industry and Financial Services sector, Macatawa Bank's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Macatawa Bank's Price-to-Projected-FCF falls into.
Macatawa Bank Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank (NAS:MCBC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Macatawa Bank's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
14.28
/
16.921497836529
=
0.84
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank Intrinsic Value: Projected FCF Related Terms
Thank you for viewing the detailed overview of Macatawa Bank's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Macatawa Bank (Macatawa Bank) Business Description
Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.
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