Seacoast Banking Corporation of Florida (SBCF) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+37.0%

$46.57

vs $34.00 price

Levered DCF

$68.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.39

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	19.4×	19.25×	22.95×	18.68×	16.09×	20.31×	15.92×	18.59×
P/B	0.91×	1.06×	1.13×	1.24×	1.53×	1.39×	1.6×	1.44×
P/S	3.19×	2.87×	3.1×	4.45×	5.64×	4.52×	4.54×	4.28×
EV / EBITDA	17.37×	13.86×	18.29×	14.71×	9.41×	13.31×	13.98×	19.29×
Gross margin	61.6%	61.6%	68.8%	90.7%	100.3%	82.0%	83.5%	85.7%
Operating margin	21.4%	19.3%	17.5%	30.9%	44.7%	28.9%	37.1%	30.0%
Net margin	16.7%	15.0%	13.5%	23.8%	35.0%	22.3%	28.5%	23.1%
Current ratio	0.4×	0.21×	0.19×	0.2×	0.29×	0.26×	0.19×	0.18×
Debt / equity	0.44×	0.27×	0.25×	0.25×	0.15×	0.17×	0.48×	0.77×
Interest coverage	0.66×	0.53×	0.67×	9.64×	19.31×	4.14×	2.78×	2.93×
Dividend yield	2.4%	2.7%	2.5%	2.1%	1.1%	0.0%	0.0%	0.0%
Payout ratio	46.7%	51.0%	58.2%	38.7%	18.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.7%	5.5%	4.9%	6.6%	9.5%	6.9%	10.0%	7.8%
Return on invested capital	-2.3%	4.1%	3.7%	4.9%	7.7%	5.5%	6.5%	4.3%
Return on assets	0.7%	0.8%	0.7%	0.9%	1.3%	0.9%	1.4%	1.0%
Free cash flow yield	6.4%	7.6%	5.9%	9.2%	7.5%	3.7%	7.3%	10.1%
Earnings yield	5.2%	5.2%	4.4%	5.4%	6.2%	4.9%	6.3%	5.4%
Enterprise value	$3.9B	$2.4B	$2.5B	$2.2B	$1.5B	$1.4B	$1.9B	$1.8B
Net debt / EBITDA	5.11×	0.6×	0.58×	1.35×	-3.52×	-2.09×	2.51×	5.83×
Cash conversion cycle (days)	0	0	0	0	0	0	0	0