HBNC Fair Value Estimate
$17.295.6% overvalued
Blended fair value estimate based on DCF, Graham Number, and earnings-based models.
Horizon Bancorp Inc (IN)
Exchange: NASDAQSector: Financial ServicesIndustry: Banks - Regional
Horizon Bancorp, Inc. is an independent, commercial bank holding company serving northern and central Indiana, and southern, central and the Great Lakes Bay regions of Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.
Did you know?
Free cash flow has been growing at -12.9% annually.
Current Price
$18.32
+1.22%GoodMoat Value
$17.29
5.6% overvaluedProfile
Valuation (TTM)
Market Cap$938.30M
P/E-6.24
EV—
P/B1.36
Shares Out51.22M
P/Sales—
Revenue$-28.86M
EV/EBITDA—
Horizon Bancorp Inc (IN) (HBNC) Valuation
HBNC Valuation Metrics
FCF$74.28M
FCF Growth Rate-12.87%
EPS Growth (CAGR)-11.84%
WACC10.00%
Fair Value Models
Graham Number, PEG-based, and Earnings-based models
View Fair Value →HBNC Valuation & Fair Value Analysis
Horizon Bancorp Inc (IN) (HBNC) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.
The GoodMoat Fair Value target for Horizon Bancorp Inc (IN) is $17.29. The current stock price is $18.32, suggesting the stock is 6.0% overvalued.
The price-to-earnings (P/E) ratio is -6.24. Price-to-book ratio is 1.36. PEG ratio is 0.02.
GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Horizon Bancorp Inc (IN)'s intrinsic value.