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INDB (Independent Bank) EV-to-FCF : 15.17 (As of Mar. 20, 2025)


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What is Independent Bank EV-to-FCF?

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Independent Bank's Enterprise Value is $3,177.6 Mil. Independent Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was $209.5 Mil. Therefore, Independent Bank's EV-to-FCF for today is 15.17.

The historical rank and industry rank for Independent Bank's EV-to-FCF or its related term are showing as below:

INDB' s EV-to-FCF Range Over the Past 10 Years
Min: 1.11   Med: 14.53   Max: 63.38
Current: 15.32

During the past 13 years, the highest EV-to-FCF of Independent Bank was 63.38. The lowest was 1.11. And the median was 14.53.

INDB's EV-to-FCF is ranked worse than
77.52% of 1143 companies
in the Banks industry
Industry Median: 5.7 vs INDB: 15.32

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2025-03-20), Independent Bank's stock price is $63.28. Independent Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2024 was $4.520. Therefore, Independent Bank's PE Ratio (TTM) for today is 14.00.


Independent Bank EV-to-FCF Historical Data

The historical data trend for Independent Bank's EV-to-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.

* Premium members only.

Independent Bank EV-to-FCF Chart

Independent Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.83 10.74 9.05 14.61 15.30

Independent Bank Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.61 11.56 10.82 12.49 15.30

Competitive Comparison of Independent Bank's EV-to-FCF

For the Banks - Regional subindustry, Independent Bank's EV-to-FCF, along with its competitors' market caps and EV-to-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.


Independent Bank's EV-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Independent Bank's EV-to-FCF falls into.



Independent Bank EV-to-FCF Calculation

Independent Bank's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3177.551/209.486
=15.17

Independent Bank's current Enterprise Value is $3,177.6 Mil.
Independent Bank's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $209.5 Mil.

* 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.


Independent Bank  (NAS:INDB) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Independent Bank's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=63.28/4.520
=14.00

Independent Bank's share price for today is $63.28.
Independent Bank's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.520.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Independent Bank EV-to-FCF Related Terms

Thank you for viewing the detailed overview of Independent Bank's EV-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Independent Bank Business Description

Traded in Other Exchanges
N/A
Address
2036 Washington Street, Hanover, MA, USA, 02339
Independent Bank Corp is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.
Executives
Donna L Abelli director INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Eileen C Miskell director C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
John J Morrissey director C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel director, officer: Chief Executive Officer 1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus officer: Chief Tech & Operations Off. 850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale officer: General Counsel
Barry H Jensen officer: Chief Information Officer INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith director 320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney officer: Principal Accounting Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson director, officer: President and CEO
Edward H Seksay officer: General Counsel C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford officer: Chief Risk Officer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone officer: CFO and Treasurer C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau officer: Executive Vice President C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370