Independent Bank Corporation cash flow to debt ratio of 65.60% indicates that the company generates enough cash to cover a substantial portion of its debt. This level indicates very strong financial health.

Independent Bank Corporation's free cash flow has increased 27.11% from $55.20M last year to $70.17M, signaling increasing performance

Independent Bank Corporation's debt to equity ratio is 0.32, which means that the company's assets are healthy financed, signaling financial stability.

Independent Bank Corporation's debt has increased relative to shareholder equity from 0.27 last year to 0.32 today, signaling weakened financials

Independent Bank Corporation has a net cash position, so leverage is healthy.

Independent Bank Corporation earns at least as much interest as it pays. Interest obligations are fully covered.

Independent Bank Corporation's profit margin has increased (7.54%) in the last year from 21.11% to 22.71%, signaling increasing performance

Independent Bank Corporation's short-term liabilities of $4.76B exceed its short-term assets of $161.60M, signaling financial risk

Independent Bank Corporation's return on assets of 1.27% is lower than the 5.00% threshold, indicating inefficient asset utilization

Independent Bank Corporation's return on equity of 14.12%, is lower than 15.00%, indicating bad performance

Independent Bank Corporation's operating cash flow exceeds its net income, indicating high-quality earnings backed by actual cash generation

Independent Bank Corporation had positive net income in 5 out of 5 years, indicating stable and consistent earnings

Independent Bank Corporation has positive free cash flow, indicating the company generates cash after capital expenditures

Independent Bank Corporation has a free cash flow yield of 8.98%, which is above the 2.00% threshold, indicating strong cash generation relative to market value

Independent Bank Corporation's yearly earnings has increased 2.62% since last year from $66.79M to $68.54M, signaling increasing performance

Independent Bank Corporation's yearly revenue has decreased 2.44% since last year from $316.33M to $308.60M, signaling decreasing performance

ROIC -1.70% (Source: FMP key-metrics). Below the 5% partial-credit threshold. Score: 0 of 2. The 5% and 10% cutoffs anchor to typical US weighted-average cost of capital. Below 5% indicates the company is not generating returns above its likely cost of capital under this definition of invested capital. Invested capital here includes equity, non-current liabilities (pension obligations, deferred taxes, lease obligations), and short-term debt. Cash is not subtracted. Companies with substantial float, lease portfolios, or cash holdings will score lower under this definition than under narrower operating-capital definitions. See methodology.

Independent Bank Corporation's 3-year revenue CAGR of 12.04% is positive, indicating growing revenue over the past 3 years

Independent Bank Corporation had revenue growth in 3 out of 5 years, indicating consistent revenue performance

Independent Bank Corporation had positive ROE in 5 out of 5 years, indicating consistent and reliable returns on equity

Independent Bank Corporation is undervalued relative to its fair value price of 46.69 based on Discounted Cash Flow model

Independent Bank Corporation has an earnings yield of 9.19%, which is above the 4.00% threshold, indicating the stock offers reasonable value relative to its earnings

Independent Bank Corporation is overvalued relative to its fair value price of 24.50 based on EBITDA multiple model

Independent Bank Corporation has an EV/EBITDA ratio of 8.07x, which is below the 20.00x threshold, indicating reasonable valuation relative to its operating earnings

Independent Bank Corporation is undervalued relative to its fair value price of 79.05 based on Earnings Fair Value model

Independent Bank Corporation has a PEG-ratio over 1 which is considered overvalued

Independent Bank Corporation has a price-to-book ratio of 1.48x, which is below the 5.00x threshold, indicating reasonable valuation relative to its book value

Independent Bank Corporation has a price-to-sales ratio of 2.47x, which is below the 8.00x threshold, indicating reasonable valuation relative to its revenue