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WESTERN ALLIANCE BANCORP (WAL) Stock Fundamental Analysis

NYSE:WAL - New York Stock Exchange, Inc. - US9576381092 - Common Stock - Currency: USD

73.42  +1.04 (+1.44%)

After market: 73.42 0 (0%)

Fundamental Rating

3

WAL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 395 industry peers in the Banks industry. WAL has a bad profitability rating. Also its financial health evaluation is rather negative. WAL has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

WAL had positive earnings in the past year.
WAL had a negative operating cash flow in the past year.
WAL had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: WAL reported negative operating cash flow in multiple years.
WAL Yearly Net Income VS EBIT VS OCF VS FCFWAL 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 0 1B -1B 2B -2B

1.2 Ratios

WAL's Return On Assets of 0.96% is fine compared to the rest of the industry. WAL outperforms 61.52% of its industry peers.
WAL has a Return On Equity of 11.51%. This is amongst the best in the industry. WAL outperforms 80.51% of its industry peers.
Industry RankSector Rank
ROA 0.96%
ROE 11.51%
ROIC N/A
ROA(3y)1.17%
ROA(5y)1.3%
ROE(3y)14.24%
ROE(5y)15.12%
ROIC(3y)N/A
ROIC(5y)N/A
WAL Yearly ROA, ROE, ROICWAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

WAL's Profit Margin of 24.81% is in line compared to the rest of the industry. WAL outperforms 56.71% of its industry peers.
WAL's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for WAL so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 24.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-18.85%
PM growth 5Y-11.51%
GM growth 3YN/A
GM growth 5YN/A
WAL Yearly Profit, Operating, Gross MarginsWAL 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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0

2. Health

2.1 Basic Checks

WAL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WAL has been increased compared to 1 year ago.
The number of shares outstanding for WAL has been increased compared to 5 years ago.
The debt/assets ratio for WAL is higher compared to a year ago.
WAL Yearly Shares OutstandingWAL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
WAL Yearly Total Debt VS Total AssetsWAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

A Debt/Equity ratio of 0.37 indicates that WAL is not too dependend on debt financing.
WAL has a Debt to Equity ratio of 0.37. This is in the lower half of the industry: WAL underperforms 73.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC15.79%
WAL Yearly LT Debt VS Equity VS FCFWAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WAL Yearly Current Assets VS Current LiabilitesWAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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6

3. Growth

3.1 Past

The earnings per share for WAL have decreased by -2.42% in the last year.
WAL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.21% yearly.
WAL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.83%.
WAL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.39% yearly.
EPS 1Y (TTM)-2.42%
EPS 3Y-6.09%
EPS 5Y8.21%
EPS Q2Q%4.07%
Revenue 1Y (TTM)14.83%
Revenue growth 3Y17.42%
Revenue growth 5Y23.39%
Sales Q2Q%6.75%

3.2 Future

The Earnings Per Share is expected to grow by 18.07% on average over the next years. This is quite good.
WAL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.41% yearly.
EPS Next Y21.56%
EPS Next 2Y21.37%
EPS Next 3Y18.07%
EPS Next 5YN/A
Revenue Next Year7.69%
Revenue Next 2Y8.75%
Revenue Next 3Y8.41%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better 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.
WAL Yearly Revenue VS EstimatesWAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B
WAL Yearly EPS VS EstimatesWAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8 10

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6

4. Valuation

4.1 Price/Earnings Ratio

WAL is valuated reasonably with a Price/Earnings ratio of 10.13.
71.39% of the companies in the same industry are more expensive than WAL, based on the Price/Earnings ratio.
WAL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.35.
Based on the Price/Forward Earnings ratio of 6.94, the valuation of WAL can be described as very cheap.
WAL's Price/Forward Earnings ratio is rather cheap when compared to the industry. WAL is cheaper than 87.09% of the companies in the same industry.
WAL is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.13
Fwd PE 6.94
WAL Price Earnings VS Forward Price EarningsWAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WAL Per share dataWAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 60

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WAL's earnings are expected to grow with 18.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.47
PEG (5Y)1.23
EPS Next 2Y21.37%
EPS Next 3Y18.07%

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5

5. Dividend

5.1 Amount

WAL has a Yearly Dividend Yield of 2.10%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.56, WAL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.42, WAL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.1%

5.2 History

The dividend of WAL is nicely growing with an annual growth rate of 26.70%!
WAL has been paying a dividend for over 5 years, so it has already some track record.
As WAL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)26.7%
Div Incr Years5
Div Non Decr Years5
WAL Yearly Dividends per shareWAL Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

22.33% of the earnings are spent on dividend by WAL. This is a low number and sustainable payout ratio.
The dividend of WAL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP22.33%
EPS Next 2Y21.37%
EPS Next 3Y18.07%
WAL Yearly Income VS Free CF VS DividendWAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B
WAL Dividend Payout.WAL Dividend Payout, showing the Payout Ratio.WAL Dividend Payout.PayoutRetained Earnings

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WESTERN ALLIANCE BANCORP

NYSE:WAL (6/20/2025, 8:04:40 PM)

After market: 73.42 0 (0%)

73.42

+1.04 (+1.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-17 2025-07-17/amc
Inst Owners89.99%
Inst Owner Change-3.67%
Ins Owners2.25%
Ins Owner Change1.86%
Market Cap8.11B
Analysts84.44
Price Target93.77 (27.72%)
Short Float %3.78%
Short Ratio3.77
Dividend
Industry RankSector Rank
Dividend Yield 2.1%
Yearly Dividend1.61
Dividend Growth(5Y)26.7%
DP22.33%
Div Incr Years5
Div Non Decr Years5
Ex-Date05-15 2025-05-15 (0.38)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.77%
Min EPS beat(2)-0.51%
Max EPS beat(2)2.05%
EPS beat(4)1
Avg EPS beat(4)-1.16%
Min EPS beat(4)-5.47%
Max EPS beat(4)2.05%
EPS beat(8)3
Avg EPS beat(8)-0.95%
EPS beat(12)5
Avg EPS beat(12)-0.17%
EPS beat(16)8
Avg EPS beat(16)1%
Revenue beat(2)1
Avg Revenue beat(2)0.15%
Min Revenue beat(2)-2.74%
Max Revenue beat(2)3.04%
Revenue beat(4)3
Avg Revenue beat(4)1.18%
Min Revenue beat(4)-2.74%
Max Revenue beat(4)3.6%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)7
Avg Revenue beat(12)-1.06%
Revenue beat(16)10
Avg Revenue beat(16)-0.61%
PT rev (1m)-0.08%
PT rev (3m)-11.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.43%
EPS NY rev (1m)0.02%
EPS NY rev (3m)-1.99%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-0.09%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.23%
Valuation
Industry RankSector Rank
PE 10.13
Fwd PE 6.94
P/S 2.52
P/FCF N/A
P/OCF N/A
P/B 1.17
P/tB 1.61
EV/EBITDA N/A
EPS(TTM)7.25
EY9.87%
EPS(NY)10.58
Fwd EY14.41%
FCF(TTM)-37.78
FCFYN/A
OCF(TTM)-37.04
OCFYN/A
SpS29.09
BVpS62.7
TBVpS45.52
PEG (NY)0.47
PEG (5Y)1.23
Profitability
Industry RankSector Rank
ROA 0.96%
ROE 11.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.81%
GM N/A
FCFM N/A
ROA(3y)1.17%
ROA(5y)1.3%
ROE(3y)14.24%
ROE(5y)15.12%
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 3Y-18.85%
PM growth 5Y-11.51%
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 63.4%
Cap/Sales 2.54%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC15.79%
ROIC/WACCN/A
Cap/Depr(3y)130.62%
Cap/Depr(5y)142.97%
Cap/Sales(3y)4.19%
Cap/Sales(5y)3.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.42%
EPS 3Y-6.09%
EPS 5Y8.21%
EPS Q2Q%4.07%
EPS Next Y21.56%
EPS Next 2Y21.37%
EPS Next 3Y18.07%
EPS Next 5YN/A
Revenue 1Y (TTM)14.83%
Revenue growth 3Y17.42%
Revenue growth 5Y23.39%
Sales Q2Q%6.75%
Revenue Next Year7.69%
Revenue Next 2Y8.75%
Revenue Next 3Y8.41%
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-327.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-306.57%
OCF growth 3YN/A
OCF growth 5YN/A