IBCP vs NGVC

Comparison between Independent Bank Corporation (Ionia MI) (IBCP, Company) and Natural Grocers by Vitamin Cottage Inc (NGVC, Company).

IBCP is from the Financial Services sector, while NGVC is from the Consumer Defensive sector.

5-Year PerformanceNGVC has outperformed IBCP, delivering a return of +27.2% compared to +13.9%

IBCP vs NGVC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBCP(COMPANY)	NGVC(COMPANY)
Market Cap	$727M	$725M
Max Drawdown	98.00%	89.04%
Sharpe Ratio	0.52	-0.67
5Y Beta	0.75	0.50
Industry	Banks - Regional	Grocery Stores
P/E Ratio	10.43	15.01
Forward P/E	12.05	12.72
PEG Ratio	1.58	0.92
Dividend Yield	3.05%	1.79%
5Y Dividends CAGR	5.61%	-21.26%
5Y EPS CAGR	0.15%	23.04%
Debt to Equity	0.00%	0.63%
Free Cash Flow Yield	3.55%	2.39%
P/S Ratio	3.23	0.52
P/B Ratio	1.42	3.04

Market Cap

Winner

IBCP

$727M

NGVC

$725M

Max Drawdown

IBCP

98.00%

Winner

NGVC

89.04%

Sharpe Ratio

Winner

IBCP

0.52

NGVC

-0.67

5Y Beta

IBCP

0.75

Winner

NGVC

0.50

Industry

IBCP

Banks - Regional

NGVC

Grocery Stores

P/E Ratio

Winner

IBCP

10.43

NGVC

15.01

Forward P/E

Winner

IBCP

12.05

NGVC

12.72

PEG Ratio

IBCP

1.58

Winner

NGVC

0.92

Dividend Yield

Winner

IBCP

3.05%

NGVC

1.79%

5Y Dividends CAGR

Winner

IBCP

5.61%

NGVC

-21.26%

5Y EPS CAGR

IBCP

0.15%

Winner

NGVC

23.04%

Debt to Equity

Winner

IBCP

0.00%

NGVC

0.63%

Free Cash Flow Yield

Winner

IBCP

3.55%

NGVC

2.39%

P/S Ratio

IBCP

3.23

Winner

NGVC

0.52

P/B Ratio

Winner

IBCP

1.42

NGVC

3.04

IBCP vs NGVC - Historical Returns

Returns include dividend reinvestment.

Period	IBCP	NGVC
1 month	+5.75%	+17.43%
3 months	+8.03%	+27.07%
6 months	+3.43%	+25.37%
1 year	+16.81%	-22.78%
5 years(CAGR)	+13.85%	+27.16%
10 years(CAGR)	+13.05%	+12.93%
Max(CAGR)	+7.49%	+6.76%

IBCP

+5.75%

Winner

NGVC

+17.43%

IBCP

+8.03%

Winner

NGVC

+27.07%

IBCP

+3.43%

Winner

NGVC

+25.37%

Winner

IBCP

+16.81%

NGVC

-22.78%

5Y(CAGR)

IBCP

+13.85%

Winner

NGVC

+27.16%

10Y(CAGR)

Winner

IBCP

+13.05%

NGVC

+12.93%

Max(CAGR)

Winner

IBCP

+7.49%

NGVC

+6.76%

IBCP vs NGVC - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	IBCP	NGVC
2026	+12.01%	+29.23%
2025	-2.22%	-38.45%
2024	+39.94%	+147.26%
2023	+12.93%	+93.11%
2022	+2.86%	-34.50%
2021	+32.60%	+3.78%
2020	-14.28%	+61.98%
2019	+9.60%	-36.62%
2018	-5.62%	+72.05%
2017	+3.33%	-25.52%
2016	+51.39%	-41.14%
2015	+22.89%	-23.48%
2014	+8.49%	-32.51%
2013	+242.86%	+112.46%
2012	+157.68%	+6.89%
2011	-2.21%	N/A
2010	+78.08%	N/A
2009	-67.38%	N/A
2008	-75.62%	N/A
2007	-60.53%	N/A
2006	-7.84%	N/A
2005	+0.96%	N/A
2004	+6.99%	N/A
2003	+57.58%	N/A
2002	+11.75%	N/A
2001	+54.45%	N/A

IBCP vs NGVC Drawdown Comparison

The maximum drawdown for IBCP was -97.75%, occurring on Dec 1, 2009. Recovery took 3117 trading sessions.

The maximum drawdown for NGVC was -89.04%, occurring on Oct 27, 2017. Recovery took 2677 trading sessions.

The current IBCP drawdown is -4.46%. The current NGVC drawdown is -45.98%.

Rank	IBCP	NGVC
#1	-97.75% Dec 1, 2005 - Apr 23, 2018	-89.04% Mar 20, 2014 - Nov 6, 2024
#2	-61.76% Jun 8, 2018 - Mar 12, 2021	-59.87% May 9, 2025 - Jan 7, 2026
#3	-36.44% Dec 1, 2022 - Dec 13, 2023	-29.00% Feb 6, 2025 - Apr 30, 2025
#4	-29.16% Jan 14, 2022 - Dec 1, 2022	-28.53% Oct 3, 2012 - Apr 10, 2013
#5	-27.46% Nov 11, 2024 - Apr 4, 2025	-21.54% Jan 10, 2014 - Mar 17, 2014
#6	-20.87% Dec 11, 2003 - Nov 29, 2004	-18.60% Nov 29, 2024 - Feb 5, 2025
#7	-18.51% Apr 12, 2021 - Nov 5, 2021	-16.56% Sep 13, 2013 - Dec 30, 2013
#8	-18.26% Aug 22, 2001 - Dec 11, 2001	-15.98% Jul 9, 2013 - Sep 12, 2013
#9	-17.08% Jun 14, 2002 - Aug 26, 2002	-13.10% May 21, 2013 - Jun 17, 2013
#10	-13.78% Mar 7, 2005 - Jul 28, 2005	-11.30% Apr 10, 2013 - Apr 23, 2013
#11	-13.47% Jan 30, 2024 - Jun 28, 2024	-9.33% May 2, 2025 - May 9, 2025
#12	-12.84% Oct 1, 2002 - Apr 22, 2003	-9.17% Jul 31, 2012 - Aug 27, 2012
#13	-12.05% May 31, 2001 - Jul 16, 2001	-8.26% Aug 30, 2012 - Sep 17, 2012
#14	-11.89% Jun 4, 2003 - Jul 2, 2003	-6.99% Jun 25, 2013 - Jul 2, 2013
#15	-11.09% Sep 19, 2024 - Nov 6, 2024	-4.91% Apr 23, 2013 - May 10, 2013

Correlation

Correlation between IBCP and NGVC is 0.46 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.46

-101

Dividend Comparison (2001 - 2026)

IBCP vs NGVC dividend yield comparison.

Year	IBCP	NGVC
2026	1.58%	0.95%
2025	3.20%	2.04%
2024	2.76%	1.06%
2023	3.54%	8.75%
2022	3.68%	4.38%
2021	3.52%	2.18%
2020	4.33%	16.59%
2019	3.18%	0.71%
2018	2.85%	0.00%
2017	1.88%	0.00%
2016	1.57%	0.00%
2015	1.71%	0.00%
2014	1.38%	0.00%
2009	4.17%	0.00%
2008	15.74%	0.00%
2007	8.74%	0.00%
2005	2.62%	0.00%
2004	1.64%	0.00%
2003	2.52%	0.00%
2002	2.38%	0.00%
2001	2.18%	0.00%