Independent Profitability Analysis

For Independent profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Independent to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Independent Bk Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Independent's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Independent Bk Corp over time as well as its relative position and ranking within its peers. Check out Risk vs Return Analysis.

Independent Current Profitability Trends 

 
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Independent Return on Sales is projected to increase slightly based on the last few years of reporting. The past year's Return on Sales was at 0.36. The current year Sales per Share is expected to grow to 13.43, whereas Price to Sales Ratio is forecasted to decline to 5.55. Independent Accumulated Other Comprehensive Income is projected to increase significantly based on the last few years of reporting. The past year's Accumulated Other Comprehensive Income was at 40.7 Million. The current year Income Tax Expense is expected to grow to about 33.2 M, whereas Consolidated Income is forecasted to decline to about 109.8 M.

Independent Revenues

401.23 MillionShare
Is Independent'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. 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Independent Bk Corp 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's value that differs from its market value or its book value, called intrinsic value, which is Independent'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's market value can be influenced by many factors that don't directly affect Independent'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's value and its price as these two are different measures arrived at by different means. Investors typically determine Independent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent'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.

Independent Bk Corp Z Score vs. Market Capitalization Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Independent's current stock value. Our valuation model uses many indicators to compare Independent value to that of its competitors to determine the firm's financial worth.
Independent Bk Corp is currently regarded as number one stock in market capitalization category among related companies. It is currently regarded as number one stock in z score category among related companies . The ratio of Market Capitalization to Z Score for Independent Bk Corp is about  446,666,667 . Independent Market Capitalization is projected to increase significantly based on the last few years of reporting. The past year's Market Capitalization was at 2.41 Billion. Comparative valuation analysis is a catch-all model that can be used if you cannot value Independent by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Independent's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Independent's earnings, one of the primary drivers of an investment's value.

Independent Market Capitalization vs. Competition

Independent Bk Corp is currently regarded as number one stock in market capitalization category among related companies. Market capitalization of Banks—Regional industry is currently estimated at about 5.36 Billion. Independent totals roughly 2.68 Billion in market capitalization claiming about 50% of stocks in Banks—Regional industry.
Capitalization  Total debt  Workforce  Valuation  Revenue

Independent Z Score vs. Market Capitalization

Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Independent 
Market Cap 
 = 
Shares Outstanding 
X  
Share Price 
2.68 B
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Independent 
Z Score 
 = 
Sum Of  
 
5 Factors 
6.0
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.

Independent Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Independent, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Independent will eventually generate negative long term returns. The profitability progress is the general direction of Independent's change in net profit over the period of time. It can combine multiple indicators of Independent, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2021
Accumulated Other Comprehensive Income40.7 M43.9 M
Consolidated Income121.2 M109.8 M
Net Income121.2 M109.8 M
Net Income Common Stock121.2 M109.8 M
Operating Income154.6 M144.2 M
Income Tax Expense31.7 M33.2 M
Net Income Per Employee87.9 K75.8 K
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts. Independent operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1432 people.

Independent Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Independent. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Independent position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Independent's important profitability drivers and their relationship over time.

Independent Profitability Drivers Correlations

One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between Independent different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards Independent in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down Independent's future profitability.

Use Independent in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Independent position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Independent will appreciate offsetting losses from the drop in the long position's value.

Independent Pair Trading

Independent Bk Corp Pair Trading Analysis

Correlation analysis and pair trading evaluation for Twitter and Weibo Corp ADR. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Use Investing Themes to Complement your Independent position

In addition to having Independent in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Medical Equipment Thematic Idea Now

Medical Equipment
Medical Equipment Theme
Fama and French focuses on testing asset pricing under different economic assumptions. Medical Equipment theme has 61 constituents.
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Check out Risk vs Return Analysis. Note that the Independent Bk Corp information on this page should be used as a complementary analysis to other Independent'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Other Tools for Independent Stock

When running Independent Bk Corp price analysis, check to measure Independent'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 is operating at the current time. Most of Independent's value examination focuses on studying past and present price action to predict the probability of Independent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Independent's price. Additionally, you may evaluate how the addition of Independent to your portfolios can decrease your overall portfolio volatility.
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