Seacoast Banking Corporation of Florida

NasdaqGS:SBCF Stock Report

Market Cap: US$2.1b

Seacoast Banking Corporation of Florida Valuation

Is SBCF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SBCF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SBCF ($25.37) is trading below our estimate of fair value ($27.94)

Significantly Below Fair Value: SBCF is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SBCF?

Other financial metrics that can be useful for relative valuation.

SBCF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does SBCF's PE Ratio compare to its peers?

The above table shows the PE ratio for SBCF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.4x
INDB Independent Bank
9.3x-7.6%US$2.2b
FRME First Merchants
9.3x-3.5%US$2.1b
FFBC First Financial Bancorp
8.3x-8.9%US$2.1b
WAFD WaFd
10.7x9.9%US$2.4b
SBCF Seacoast Banking Corporation of Florida
20.5x16.7%US$2.1b

Price-To-Earnings vs Peers: SBCF is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does SBCF's PE Ratio compare vs other companies in the US Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.1%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.1%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SBCF is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the US Banks industry average (9.5x).


Price to Earnings Ratio vs Fair Ratio

What is SBCF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SBCF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.5x
Fair PE Ratio14.1x

Price-To-Earnings vs Fair Ratio: SBCF is expensive based on its Price-To-Earnings Ratio (20.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SBCF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$25.37
US$27.43
+8.1%
6.3%US$31.00US$25.50n/a7
Mar ’25US$24.03
US$27.61
+14.9%
5.8%US$31.00US$26.00n/a7
Feb ’25US$23.95
US$27.61
+15.3%
5.8%US$31.00US$26.00n/a7
Jan ’25US$28.46
US$26.54
-6.8%
15.2%US$33.00US$22.00n/a7
Dec ’24US$24.85
US$23.93
-3.7%
6.7%US$27.00US$22.00n/a7
Nov ’24US$20.36
US$23.93
+17.5%
6.7%US$27.00US$22.00n/a7
Oct ’24US$21.96
US$25.64
+16.8%
7.1%US$29.00US$23.00n/a7
Sep ’24US$24.25
US$26.67
+10.0%
6.0%US$29.00US$24.00n/a6
Aug ’24US$24.29
US$26.67
+9.8%
6.0%US$29.00US$24.00n/a6
Jul ’24US$22.10
US$26.00
+17.6%
7.0%US$29.00US$23.00n/a6
Jun ’24US$20.99
US$28.38
+35.2%
13.6%US$36.25US$25.00n/a6
May ’24US$20.76
US$28.38
+36.7%
13.6%US$36.25US$25.00n/a6
Apr ’24US$23.70
US$33.04
+39.4%
9.2%US$36.25US$29.00n/a6
Mar ’24US$30.37
US$35.54
+17.0%
2.8%US$37.00US$34.00US$24.036
Feb ’24US$32.42
US$36.33
+12.1%
3.8%US$39.00US$35.00US$23.956
Jan ’24US$31.19
US$36.50
+17.0%
5.4%US$39.00US$34.00US$28.466
Dec ’23US$34.40
US$36.50
+6.1%
5.4%US$39.00US$34.00US$24.856
Nov ’23US$30.70
US$37.00
+20.5%
5.8%US$39.00US$34.00US$20.366
Oct ’23US$30.23
US$38.67
+27.9%
1.9%US$40.00US$38.00US$21.966
Sep ’23US$32.39
US$39.17
+20.9%
2.7%US$41.00US$38.00US$24.256
Aug ’23US$36.56
US$37.79
+3.4%
5.5%US$41.00US$34.00US$24.297
Jul ’23US$33.61
US$38.64
+15.0%
6.0%US$42.00US$36.00US$22.107
Jun ’23US$33.99
US$38.64
+13.7%
6.0%US$42.00US$36.00US$20.997
May ’23US$32.50
US$38.64
+18.9%
5.5%US$42.00US$36.00US$20.767
Apr ’23US$34.34
US$39.07
+13.8%
5.2%US$42.00US$36.00US$23.707
Mar ’23US$34.60
US$39.07
+12.9%
5.0%US$42.00US$36.00US$30.377

Analyst Forecast: Target price is less than 20% higher than the current share price.


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