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WESTAMERICA BANCORPORATION (WABC) Stock Fundamental Analysis

NASDAQ:WABC - Nasdaq - US9570901036 - Common Stock - Currency: USD

48.23  -0.2 (-0.41%)

After market: 48.23 0 (0%)

Fundamental Rating

4

WABC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 398 industry peers in the Banks industry. WABC has a medium profitability rating, but doesn't score so well on its financial health evaluation. WABC has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

WABC had positive earnings in the past year.
WABC had a positive operating cash flow in the past year.
Each year in the past 5 years WABC has been profitable.
In the past 5 years WABC always reported a positive cash flow from operatings.
WABC Yearly Net Income VS EBIT VS OCF VS FCFWABC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

The Return On Assets of WABC (2.28%) is better than 96.73% of its industry peers.
Looking at the Return On Equity, with a value of 15.58%, WABC belongs to the top of the industry, outperforming 92.71% of the companies in the same industry.
Industry RankSector Rank
ROA 2.28%
ROE 15.58%
ROIC N/A
ROA(3y)2.19%
ROA(5y)1.79%
ROE(3y)18.92%
ROE(5y)15.35%
ROIC(3y)N/A
ROIC(5y)N/A
WABC Yearly ROA, ROE, ROICWABC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 47.20%, WABC belongs to the top of the industry, outperforming 99.50% of the companies in the same industry.
In the last couple of years the Profit Margin of WABC has grown nicely.
The Operating Margin and Gross Margin are not available for WABC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 47.2%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.43%
PM growth 5Y3.69%
GM growth 3YN/A
GM growth 5YN/A
WABC Yearly Profit, Operating, Gross MarginsWABC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

WABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WABC has about the same amount of shares outstanding.
Compared to 5 years ago, WABC has less shares outstanding
The debt/assets ratio for WABC is higher compared to a year ago.
WABC Yearly Shares OutstandingWABC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
WABC Yearly Total Debt VS Total AssetsWABC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

WABC has a debt to FCF ratio of 0.86. This is a very positive value and a sign of high solvency as it would only need 0.86 years to pay back of all of its debts.
WABC has a Debt to FCF ratio of 0.86. This is in the better half of the industry: WABC outperforms 78.39% of its industry peers.
A Debt/Equity ratio of 0.14 indicates that WABC is not too dependend on debt financing.
WABC has a Debt to Equity ratio of 0.14. This is in the better half of the industry: WABC outperforms 63.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.86
Altman-Z N/A
ROIC/WACCN/A
WACC9.28%
WABC Yearly LT Debt VS Equity VS FCFWABC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WABC Yearly Current Assets VS Current LiabilitesWABC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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1

3. Growth

3.1 Past

The earnings per share for WABC have decreased strongly by -16.39% in the last year.
Measured over the past years, WABC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.61% on average per year.
The Revenue for WABC has decreased by -11.10% in the past year. This is quite bad
Measured over the past years, WABC shows a small growth in Revenue. The Revenue has been growing by 7.54% on average per year.
EPS 1Y (TTM)-16.39%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.33%
Revenue 1Y (TTM)-11.1%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.43%

3.2 Future

The Earnings Per Share is expected to decrease by -10.25% on average over the next years. This is quite bad
The Revenue is expected to decrease by -7.91% on average over the next years.
EPS Next Y-13.02%
EPS Next 2Y-10.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.68%
Revenue Next 2Y-7.91%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
WABC Yearly Revenue VS EstimatesWABC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M
WABC Yearly EPS VS EstimatesWABC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 9.74, the valuation of WABC can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of WABC indicates a somewhat cheap valuation: WABC is cheaper than 76.13% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 28.79. WABC is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.60, which indicates a very decent valuation of WABC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WABC indicates a slightly more expensive valuation: WABC is more expensive than 63.82% of the companies listed in the same industry.
WABC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.38.
Industry RankSector Rank
PE 9.74
Fwd PE 11.6
WABC Price Earnings VS Forward Price EarningsWABC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, WABC is valued a bit cheaper than the industry average as 69.35% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.09
EV/EBITDA N/A
WABC Per share dataWABC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

WABC's earnings are expected to decrease with -10.25% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y-10.25%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

WABC has a Yearly Dividend Yield of 3.69%.
WABC's Dividend Yield is a higher than the industry average which is at 3.54.
WABC's Dividend Yield is a higher than the S&P500 average which is at 2.47.
Industry RankSector Rank
Dividend Yield 3.69%

5.2 History

The dividend of WABC has a limited annual growth rate of 1.51%.
WABC has been paying a dividend for at least 10 years, so it has a reliable track record.
WABC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.51%
Div Incr Years34
Div Non Decr Years34
WABC Yearly Dividends per shareWABC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

WABC pays out 33.87% of its income as dividend. This is a sustainable payout ratio.
DP33.87%
EPS Next 2Y-10.25%
EPS Next 3YN/A
WABC Yearly Income VS Free CF VS DividendWABC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
WABC Dividend Payout.WABC Dividend Payout, showing the Payout Ratio.WABC Dividend Payout.PayoutRetained Earnings

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WESTAMERICA BANCORPORATION

NASDAQ:WABC (4/25/2025, 8:00:01 PM)

After market: 48.23 0 (0%)

48.23

-0.2 (-0.41%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-17 2025-04-17/dmh
Earnings (Next)07-16 2025-07-16
Inst Owners78.66%
Inst Owner Change0.5%
Ins Owners4.49%
Ins Owner Change6.59%
Market Cap1.27B
Analysts47.5
Price Target53.55 (11.03%)
Short Float %1.23%
Short Ratio1.67
Dividend
Industry RankSector Rank
Dividend Yield 3.69%
Yearly Dividend1.76
Dividend Growth(5Y)1.51%
DP33.87%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-03 2025-02-03 (0.44)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.3%
Min EPS beat(2)-1.41%
Max EPS beat(2)0.82%
EPS beat(4)2
Avg EPS beat(4)-0.63%
Min EPS beat(4)-2.2%
Max EPS beat(4)0.82%
EPS beat(8)5
Avg EPS beat(8)2.22%
EPS beat(12)8
Avg EPS beat(12)4.98%
EPS beat(16)10
Avg EPS beat(16)3.91%
Revenue beat(2)0
Avg Revenue beat(2)-3.77%
Min Revenue beat(2)-6.87%
Max Revenue beat(2)-0.68%
Revenue beat(4)0
Avg Revenue beat(4)-3.32%
Min Revenue beat(4)-6.87%
Max Revenue beat(4)-0.68%
Revenue beat(8)2
Avg Revenue beat(8)-2.05%
Revenue beat(12)5
Avg Revenue beat(12)-0.15%
Revenue beat(16)6
Avg Revenue beat(16)-0.29%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.21%
EPS NY rev (1m)0.79%
EPS NY rev (3m)1.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 9.74
Fwd PE 11.6
P/S 4.33
P/FCF 9.09
P/OCF 8.98
P/B 1.43
P/tB 1.66
EV/EBITDA N/A
EPS(TTM)4.95
EY10.26%
EPS(NY)4.16
Fwd EY8.62%
FCF(TTM)5.3
FCFY11%
OCF(TTM)5.37
OCFY11.14%
SpS11.14
BVpS33.76
TBVpS29.14
PEG (NY)N/A
PEG (5Y)0.84
Profitability
Industry RankSector Rank
ROA 2.28%
ROE 15.58%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 47.2%
GM N/A
FCFM 47.6%
ROA(3y)2.19%
ROA(5y)1.79%
ROE(3y)18.92%
ROE(5y)15.35%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y5.43%
PM growth 5Y3.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.86
Debt/EBITDA N/A
Cap/Depr 16.76%
Cap/Sales 0.59%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 100.86%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC9.28%
ROIC/WACCN/A
Cap/Depr(3y)10.48%
Cap/Depr(5y)9.8%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.58%
Profit Quality(3y)96.83%
Profit Quality(5y)104.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.39%
EPS 3Y17.26%
EPS 5Y11.61%
EPS Q2Q%-15.33%
EPS Next Y-13.02%
EPS Next 2Y-10.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.1%
Revenue growth 3Y11%
Revenue growth 5Y7.54%
Sales Q2Q%-12.43%
Revenue Next Year-10.68%
Revenue Next 2Y-7.91%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-10.96%
FCF growth 3Y16.96%
FCF growth 5Y12.76%
OCF growth 1Y-10.52%
OCF growth 3Y16.86%
OCF growth 5Y11.9%