Independent Historical Financial Ratios

INDB Stock

USD 52.92 0.70 1.34%

Independent Bank is lately reporting on over 105 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 1.78 or Days Sales Outstanding of 0.0 will help investors to properly organize and evaluate Independent Bank financial condition quickly.

Quick Ratio Current Ratio

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

About Independent Financial Ratios Analysis

Independent BankFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Independent Bank investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Independent financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Independent Bank history.

Independent Bank Financial Ratios Chart

Independent Bank financial ratios usually calculated using numerical values taken directly from Independent Bank financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Independent Bank. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.

At present, Independent Bank's PTB Ratio is projected to increase slightly based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 68.81, whereas Price To Sales Ratio is forecasted to decline to 2.66.

Price To Sales Ratio Dividend Yield Ptb Ratio Book Value Per Share

Add Fundamental

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Independent Bank stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Independent Bank sales, a figure that is much harder to manipulate than other Independent Bank multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Independent Bank dividend as a percentage of Independent Bank stock price. Independent Bank dividend yield is a measure of Independent Bank stock productivity, which can be interpreted as interest rate earned on an Independent Bank investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most ratios from Independent Bank's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Independent Bank current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.At present, Independent Bank's PTB Ratio is projected to increase slightly based on the last few years of reporting. The current year's Book Value Per Share is expected to grow to 68.81, whereas Price To Sales Ratio is forecasted to decline to 2.66.

	2021	2022	2023 (projected)
Dividend Yield	0.0221	0.0239	0.0337
Price To Sales Ratio	5.6	5.38	3.65

Dividend Yield Price To Sales Ratio

Independent Bank fundamentals Correlations

	Price To Sales Ratio	Dividend Yield	Ptb Ratio	Book Value Per Share	Free Cash Flow Yield	Invested Capital	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Net Income Per Share	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Payout Ratio	Capex To Operating Cash Flow	Pfcf Ratio	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio	Return On Tangible Assets	Ev To Free Cash Flow
Price To Sales Ratio		0.09	0.65	0.5	-0.72	-0.47	0.38	-0.47	0.65	0.69	0.32	-0.67	0.41	-0.61	0.36	0.55	0.76	0.57	-0.38	0.5	0.53	0.68	0.5	0.73	0.75	0.46
Dividend Yield	0.09		-0.06	0.27	-0.57	0.27	-0.04	0.01	-0.06	0.28	-0.04	-0.57	0.18	-0.01	0.18	0.29	-0.04	0.72	-0.34	0.28	0.22	0.54	0.58	-0.23	0.5	0.55
Ptb Ratio	0.65	-0.06		0.07	-0.69	0.1	0.2	-0.61	1.0	0.79	0.17	-0.65	0.25	-0.49	-0.2	0.35	0.32	0.27	-0.31	0.33	0.55	0.73	0.64	0.46	0.69	0.64
Book Value Per Share	0.5	0.27	0.07		-0.44	-0.62	0.63	0.0	0.07	0.19	0.61	-0.51	0.78	-0.14	0.75	0.22	0.45	0.43	0.03	0.21	0.27	0.38	0.06	0.15	0.43	0.06
Free Cash Flow Yield	-0.72	-0.57	-0.69	-0.44		-0.08	-0.26	0.52	-0.69	-0.74	-0.22	0.99	-0.35	0.52	-0.25	-0.5	-0.42	-0.78	0.48	-0.47	-0.73	-0.99	-0.75	-0.37	-0.92	-0.72
Invested Capital	-0.47	0.27	0.1	-0.62	-0.08		-0.39	-0.22	0.1	0.06	-0.37	-0.09	-0.53	0.06	-0.53	-0.28	-0.56	-0.04	-0.05	-0.27	0.22	0.15	0.2	-0.31	-0.02	0.19
Operating Cash Flow Per Share	0.38	-0.04	0.2	0.63	-0.26	-0.39		-0.21	0.2	0.46	1.0	-0.32	0.79	-0.13	0.17	-0.35	0.41	-0.1	0.5	-0.37	0.52	0.33	-0.19	-0.11	0.47	-0.23
Capex To Depreciation	-0.47	0.01	-0.61	0.0	0.52	-0.22	-0.21		-0.61	-0.54	-0.15	0.52	0.04	0.9	0.04	-0.01	-0.33	-0.25	0.45	-0.01	-0.68	-0.55	-0.25	-0.44	-0.49	-0.25
Pb Ratio	0.65	-0.06	1.0	0.07	-0.69	0.1	0.2	-0.61		0.79	0.17	-0.65	0.25	-0.49	-0.2	0.35	0.32	0.27	-0.31	0.33	0.55	0.73	0.64	0.46	0.69	0.64
Ev To Sales	0.69	0.28	0.79	0.19	-0.74	0.06	0.46	-0.54	0.79		0.43	-0.69	0.48	-0.39	-0.27	0.2	0.3	0.32	-0.11	0.15	0.59	0.8	0.67	0.21	0.89	0.61
Free Cash Flow Per Share	0.32	-0.04	0.17	0.61	-0.22	-0.37	1.0	-0.15	0.17	0.43		-0.28	0.79	-0.05	0.13	-0.38	0.35	-0.15	0.57	-0.4	0.49	0.29	-0.21	-0.17	0.44	-0.26
Roic	-0.67	-0.57	-0.65	-0.51	0.99	-0.09	-0.32	0.52	-0.65	-0.69	-0.28		-0.38	0.49	-0.31	-0.44	-0.39	-0.77	0.42	-0.42	-0.77	-0.97	-0.69	-0.33	-0.89	-0.66
Net Income Per Share	0.41	0.18	0.25	0.78	-0.35	-0.53	0.79	0.04	0.25	0.48	0.79	-0.38		0.07	0.2	0.06	0.23	0.08	0.3	0.04	0.17	0.38	0.16	-0.2	0.55	0.15
Capex To Revenue	-0.61	-0.01	-0.49	-0.14	0.52	0.06	-0.13	0.9	-0.49	-0.39	-0.05	0.49	0.07		-0.26	-0.19	-0.61	-0.43	0.63	-0.19	-0.56	-0.48	-0.21	-0.65	-0.42	-0.22
Cash Per Share	0.36	0.18	-0.2	0.75	-0.25	-0.53	0.17	0.04	-0.2	-0.27	0.13	-0.31	0.2	-0.26		0.31	0.54	0.54	-0.26	0.31	0.16	0.13	-0.14	0.42	0.05	-0.12
Pocfratio	0.55	0.29	0.35	0.22	-0.5	-0.28	-0.35	-0.01	0.35	0.2	-0.38	-0.44	0.06	-0.19	0.31		0.21	0.68	-0.72	1.0	-0.01	0.4	0.72	0.54	0.36	0.75
Interest Coverage	0.76	-0.04	0.32	0.45	-0.42	-0.56	0.41	-0.33	0.32	0.3	0.35	-0.39	0.23	-0.61	0.54	0.21		0.41	-0.25	0.18	0.42	0.37	0.04	0.62	0.4	0.01
Payout Ratio	0.57	0.72	0.27	0.43	-0.78	-0.04	-0.1	-0.25	0.27	0.32	-0.15	-0.77	0.08	-0.43	0.54	0.68	0.41		-0.7	0.66	0.39	0.67	0.68	0.47	0.57	0.67
Capex To Operating Cash Flow	-0.38	-0.34	-0.31	0.03	0.48	-0.05	0.5	0.45	-0.31	-0.11	0.57	0.42	0.3	0.63	-0.26	-0.72	-0.25	-0.7		-0.74	-0.1	-0.38	-0.59	-0.54	-0.25	-0.64
Pfcf Ratio	0.5	0.28	0.33	0.21	-0.47	-0.27	-0.37	-0.01	0.33	0.15	-0.4	-0.42	0.04	-0.19	0.31	1.0	0.18	0.66	-0.74		-0.04	0.37	0.69	0.52	0.32	0.74
Income Quality	0.53	0.22	0.55	0.27	-0.73	0.22	0.52	-0.68	0.55	0.59	0.49	-0.77	0.17	-0.56	0.16	-0.01	0.42	0.39	-0.1	-0.04		0.77	0.25	0.32	0.69	0.19
Roe	0.68	0.54	0.73	0.38	-0.99	0.15	0.33	-0.55	0.73	0.8	0.29	-0.97	0.38	-0.48	0.13	0.4	0.37	0.67	-0.38	0.37	0.77		0.74	0.27	0.95	0.7
Ev To Operating Cash Flow	0.5	0.58	0.64	0.06	-0.75	0.2	-0.19	-0.25	0.64	0.67	-0.21	-0.69	0.16	-0.21	-0.14	0.72	0.04	0.68	-0.59	0.69	0.25	0.74		0.26	0.7	0.99
Pe Ratio	0.73	-0.23	0.46	0.15	-0.37	-0.31	-0.11	-0.44	0.46	0.21	-0.17	-0.33	-0.2	-0.65	0.42	0.54	0.62	0.47	-0.54	0.52	0.32	0.27	0.26		0.2	0.25
Return On Tangible Assets	0.75	0.5	0.69	0.43	-0.92	-0.02	0.47	-0.49	0.69	0.89	0.44	-0.89	0.55	-0.42	0.05	0.36	0.4	0.57	-0.25	0.32	0.69	0.95	0.7	0.2		0.64
Ev To Free Cash Flow	0.46	0.55	0.64	0.06	-0.72	0.19	-0.23	-0.25	0.64	0.61	-0.26	-0.66	0.15	-0.22	-0.12	0.75	0.01	0.67	-0.64	0.74	0.19	0.7	0.99	0.25	0.64

Click cells to compare fundamentals

Independent Bank Account Relationship Matchups

Independent Bank fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	5.02	5.37	5.09	5.6	5.38	3.65
Book Value Per Share	52.06	51.19	86.56	62.25	65.53	68.81
Free Cash Flow Yield	0.0674	0.0732	0.0214	0.058	0.1	0.0913
Invested Capital	0.25	0.14	0.0642	0.044	0.43	0.4
Operating Cash Flow Per Share	6.6	1.94	5.45	9.08	6.37	6.69
Ev To Sales	5.67	2.75	1.49	5.05	4.97	3.26
Free Cash Flow Per Share	6.09	1.56	4.73	8.61	6.01	6.31
Roic	0.0776	0.0626	0.0377	0.0852	0.058	0.0551
Net Income Per Share	4.41	5.03	3.64	3.47	5.69	5.42
Capex To Revenue	(0.0326)	(0.0264)	(0.0497)	(0.0303)	(0.0201)	(0.0211)
Cash Per Share	17.6	51.4	109.31	37.78	35.28	37.04
Pocfratio	12.62	37.58	14.95	9.3	10.33	8.42
Interest Coverage	4.05	4.45	11.42	11.44	1.67	2.63
Pfcf Ratio	13.66	46.67	17.23	9.81	10.95	10.92
Income Quality	1.31	0.53	1.57	1.6	1.18	1.12
Roe	0.0967	0.0712	0.0401	0.0914	0.0827	0.0758
Ev To Operating Cash Flow	13.32	20.32	3.97	8.73	14.06	10.03
Pe Ratio	16.54	20.05	23.5	14.84	12.14	12.54
Return On Tangible Assets	0.0152	0.00956	0.006235	0.0144	0.0131	0.0072
Ev To Free Cash Flow	14.9	14.42	25.24	4.57	9.21	13.83
Earnings Yield	0.0605	0.0499	0.0426	0.0674	0.0824	0.0865
Intangibles To Total Assets	0.047	0.0401	0.0498	0.0524	0.0519	0.0544
Net Debt To E B I T D A	0.64	(6.19)	(11.02)	(0.63)	3.33	3.5
Current Ratio	0.1	0.25	0.37	0.18	0.023	0.0218
Tangible Book Value Per Share	321.74	375.65	552.11	40.47	42.82	41.1
Graham Number	76.79	64.78	82.2	89.27	89.4	93.87
Shareholders Equity Per Share	52.06	51.19	86.56	62.25	65.53	68.81
Debt To Equity	0.25	0.14	0.0642	0.044	0.43	0.4
Graham Net Net	8.36	45.95	104.94	(316.04)	(337.1)	(320.24)
Revenue Per Share	15.5	14.36	14.55	15.7	18.01	18.91
Interest Debt Per Share	14.44	8.01	5.95	3.38	32.18	33.78

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When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:

How To Invest In Independent

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Is Independent Stock a good investment?

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What is Independent Bank's Net Worth?

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For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

Note that the Independent Bank information on this page should be used as a complementary analysis to other Independent Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

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When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.

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Is Independent Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.18)

Dividend Share

2.22

Earnings Share

5.18

Revenue Per Share

15.836

Quarterly Revenue Growth

(0.1)

The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Price Book Value Ratio	Price Earnings To Growth Ratio
Days Of Payables Outstanding	Dividend Payout Ratio
Price To Operating Cash Flows Ratio	Price To Free Cash Flows Ratio
Pretax Profit Margin	Ebt Per Ebit
Operating Profit Margin	Effective Tax Rate
Company Equity Multiplier	Long Term Debt To Capitalization
Total Debt To Capitalization	Return On Capital Employed
Debt Equity Ratio	Ebit Per Revenue
Quick Ratio	Dividend Paid And Capex Coverage Ratio
Net Income Per E B T	Cash Ratio
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity	Operating Cycle
Cash Conversion Cycle

Independent Historical Financial Ratios

About Independent Financial Ratios Analysis

Independent Bank Financial Ratios Chart

Price To Sales Ratio

Dividend Yield

Ptb Ratio

Book Value Per Share

Independent Bank fundamentals Correlations

Independent Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independent Bank fundamentals Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 1.0	Operating Cash Flow Per Share
Pfcf Ratio	+ 1.0	Pocfratio
Roic	+ 0.99	Free Cash Flow Yield
Ev To Free Cash Flow	+ 0.99	Ev To Operating Cash Flow
Return On Tangible Assets	+ 0.95	Roe

Roe	- 0.99	Free Cash Flow Yield
Roe	- 0.97	Roic
Return On Tangible Assets	- 0.92	Free Cash Flow Yield
Return On Tangible Assets	- 0.89	Roic
Payout Ratio	- 0.78	Free Cash Flow Yield
Income Quality	- 0.77	Roic