Logo image of WABC

WESTAMERICA BANCORPORATION (WABC) Stock Fundamental Analysis

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

51.35  +0.57 (+1.12%)

After market: 51.35 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WABC. WABC was compared to 395 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 on the other hand it scores bad on growth. Finally WABC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

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.
Each year in the past 5 years WABC has been profitable.
WABC had a positive operating cash flow in each of the past 5 years.
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

WABC has a Return On Assets of 2.23%. This is amongst the best in the industry. WABC outperforms 96.71% of its industry peers.
WABC's Return On Equity of 14.44% is amongst the best of the industry. WABC outperforms 91.39% of its industry peers.
Industry RankSector Rank
ROA 2.23%
ROE 14.44%
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

With an excellent Profit Margin value of 46.87%, WABC belongs to the best of the industry, outperforming 99.49% of the companies in the same industry.
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) 46.87%
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

More info and screens

3

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 remains at a similar level compared to 1 year ago.
WABC has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, WABC has a worse debt to assets ratio.
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

The Debt to FCF ratio of WABC is 0.87, which is an excellent value as it means it would take WABC, only 0.87 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WABC (0.87) is better than 77.22% of its industry peers.
A Debt/Equity ratio of 0.12 indicates that WABC is not too dependend on debt financing.
WABC has a better Debt to Equity ratio (0.12) than 64.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 0.87
Altman-Z N/A
ROIC/WACCN/A
WACC9.32%
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

More info and screens

1

3. Growth

3.1 Past

WABC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.39%.
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 -9.97% on average over the next years.
WABC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -7.39% yearly.
EPS Next Y-14.01%
EPS Next 2Y-9.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-10.16%
Revenue Next 2Y-7.39%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.37, the valuation of WABC can be described as reasonable.
81.52% of the companies in the same industry are more expensive than WABC, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.45, WABC is valued rather cheaply.
A Price/Forward Earnings ratio of 12.28 indicates a correct valuation of WABC.
65.57% of the companies in the same industry are cheaper than WABC, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of WABC to the average of the S&P500 Index (21.90), we can say WABC is valued slightly cheaper.
Industry RankSector Rank
PE 10.37
Fwd PE 12.28
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 61.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.35
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

A cheap valuation may be justified as WABC's earnings are expected to decrease with -9.97% in the coming years.
PEG (NY)N/A
PEG (5Y)0.89
EPS Next 2Y-9.97%
EPS Next 3YN/A

More info and screens

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.79%, WABC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.47, WABC pays a bit more dividend than its industry peers.
WABC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 3.79%

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 their dividend for at least 10 years, which is a reliable track record.
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 35.25% of its income as dividend. This is a sustainable payout ratio.
DP35.25%
EPS Next 2Y-9.97%
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

More info and screens

WESTAMERICA BANCORPORATION

NASDAQ:WABC (7/3/2025, 8:17:06 PM)

After market: 51.35 0 (0%)

51.35

+0.57 (+1.12%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-17 2025-04-17/dmh
Earnings (Next)07-17 2025-07-17
Inst Owners80.55%
Inst Owner Change3.22%
Ins Owners4.58%
Ins Owner Change6.41%
Market Cap1.34B
Analysts47.5
Price Target56.1 (9.25%)
Short Float %1.74%
Short Ratio2.71
Dividend
Industry RankSector Rank
Dividend Yield 3.79%
Yearly Dividend1.76
Dividend Growth(5Y)1.51%
DP35.25%
Div Incr Years34
Div Non Decr Years34
Ex-Date05-05 2025-05-05 (0.46)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.49%
Min EPS beat(2)-1.41%
Max EPS beat(2)2.39%
EPS beat(4)3
Avg EPS beat(4)0.51%
Min EPS beat(4)-1.41%
Max EPS beat(4)2.39%
EPS beat(8)5
Avg EPS beat(8)1.49%
EPS beat(12)8
Avg EPS beat(12)4.66%
EPS beat(16)11
Avg EPS beat(16)4.26%
Revenue beat(2)0
Avg Revenue beat(2)-4.45%
Min Revenue beat(2)-6.87%
Max Revenue beat(2)-2.03%
Revenue beat(4)0
Avg Revenue beat(4)-2.81%
Min Revenue beat(4)-6.87%
Max Revenue beat(4)-0.68%
Revenue beat(8)2
Avg Revenue beat(8)-1.84%
Revenue beat(12)4
Avg Revenue beat(12)-0.4%
Revenue beat(16)6
Avg Revenue beat(16)-0.37%
PT rev (1m)4.76%
PT rev (3m)-3.51%
EPS NQ rev (1m)-1.23%
EPS NQ rev (3m)-2.46%
EPS NY rev (1m)-1.14%
EPS NY rev (3m)-0.35%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)-0.93%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)-0.81%
Valuation
Industry RankSector Rank
PE 10.37
Fwd PE 12.28
P/S 4.73
P/FCF 10.35
P/OCF 10.2
P/B 1.46
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)4.95
EY9.64%
EPS(NY)4.18
Fwd EY8.14%
FCF(TTM)4.96
FCFY9.67%
OCF(TTM)5.03
OCFY9.8%
SpS10.86
BVpS35.26
TBVpS30.61
PEG (NY)N/A
PEG (5Y)0.89
Profitability
Industry RankSector Rank
ROA 2.23%
ROE 14.44%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 46.87%
GM N/A
FCFM 45.7%
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 0.12
Debt/FCF 0.87
Debt/EBITDA N/A
Cap/Depr 19.27%
Cap/Sales 0.64%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 97.51%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC9.32%
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-14.01%
EPS Next 2Y-9.97%
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-10.16%
Revenue Next 2Y-7.39%
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-4.39%
FCF growth 3Y16.96%
FCF growth 5Y12.76%
OCF growth 1Y-3.83%
OCF growth 3Y16.86%
OCF growth 5Y11.9%