WESTAMERICA BANCORPORATION (WABC)

US9570901036 - Common Stock

50.37  +0.45 (+0.9%)

After market: 50.37 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WABC. WABC was compared to 412 industry peers in the Banks industry. WABC has only an average score on both its financial health and profitability. WABC has a decent growth rate and is not valued too expensively.



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5

1. Profitability

1.1 Basic Checks

WABC had positive earnings in the past year.
In the past year WABC had a positive cash flow from operations.
In the past 5 years WABC has always been profitable.
In the past 5 years WABC always reported a positive cash flow from operatings.

1.2 Ratios

WABC's Return On Assets of 2.54% is amongst the best of the industry. WABC outperforms 97.81% of its industry peers.
WABC has a better Return On Equity (20.93%) than 97.57% of its industry peers.
Industry RankSector Rank
ROA 2.54%
ROE 20.93%
ROIC N/A
ROA(3y)1.82%
ROA(5y)1.62%
ROE(3y)17.22%
ROE(5y)14.43%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

The Profit Margin of WABC (49.98%) is better than 98.78% of its industry peers.
WABC's Profit Margin has improved in the last couple of years.
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) 49.98%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.22%
PM growth 5Y6.68%
GM growth 3YN/A
GM growth 5YN/A

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4

2. Health

2.1 Basic Checks

WABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WABC has been reduced compared to 1 year ago.
WABC has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for WABC is higher compared to a year ago.

2.2 Solvency

The Debt to FCF ratio of WABC is 0.37, which is an excellent value as it means it would take WABC, only 0.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WABC (0.37) is better than 85.64% of its industry peers.
WABC has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
WABC's Debt to Equity ratio of 0.08 is fine compared to the rest of the industry. WABC outperforms 79.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.37
Altman-Z N/A
ROIC/WACCN/A
WACC8.85%

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 13.85% over the past year.
Measured over the past years, WABC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.20% on average per year.
Looking at the last year, WABC shows a quite strong growth in Revenue. The Revenue has grown by 10.35% in the last year.
Measured over the past years, WABC shows a quite strong growth in Revenue. The Revenue has been growing by 10.34% on average per year.
EPS 1Y (TTM)13.85%
EPS 3Y28.14%
EPS 5Y17.2%
EPS growth Q2Q-9.27%
Revenue 1Y (TTM)10.35%
Revenue growth 3Y15.58%
Revenue growth 5Y10.34%
Revenue growth Q2Q-4.84%

3.2 Future

WABC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -10.84% yearly.
WABC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.72% yearly.
EPS Next Y-10.43%
EPS Next 2Y-10.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.69%
Revenue Next 2Y-6.72%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4

4. Valuation

4.1 Price/Earnings Ratio

WABC is valuated reasonably with a Price/Earnings ratio of 8.51.
74.94% of the companies in the same industry are more expensive than WABC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of WABC to the average of the S&P500 Index (28.15), we can say WABC is valued rather cheaply.
WABC is valuated reasonably with a Price/Forward Earnings ratio of 10.46.
WABC's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.20. WABC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 8.51
Fwd PE 10.46

4.2 Price Multiples

The rest of the industry has a similar Price/Free Cash Flow ratio as WABC.
Industry RankSector Rank
P/FCF 8.56
EV/EBITDA N/A

4.3 Compensation for Growth

A cheap valuation may be justified as WABC's earnings are expected to decrease with -10.84% in the coming years.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-10.84%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

WABC has a Yearly Dividend Yield of 3.49%.
Compared to an average industry Dividend Yield of 3.67, WABC has a dividend in line with its industry peers.
WABC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 3.49%

5.2 History

The dividend of WABC has a limited annual growth rate of 1.35%.
WABC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.35%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

WABC pays out 28.41% of its income as dividend. This is a sustainable payout ratio.
DP28.41%
EPS Next 2Y-10.84%
EPS Next 3YN/A

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WESTAMERICA BANCORPORATION

NASDAQ:WABC (5/17/2024, 7:00:02 PM)

After market: 50.37 0 (0%)

50.37

+0.45 (+0.9%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.34B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.49%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 8.51
Fwd PE 10.46
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.49
Profitability
Industry RankSector Rank
ROA 2.54%
ROE 20.93%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) 49.98%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio N/A
Quick Ratio N/A
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)13.85%
EPS 3Y28.14%
EPS 5Y
EPS growth Q2Q
EPS Next Y-10.43%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.35%
Revenue growth 3Y15.58%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y