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WESTERN ALLIANCE BANCORP (WAL) Stock Fundamental Analysis

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

71.46  -0.77 (-1.07%)

After market: 71.46 0 (0%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to WAL. WAL was compared to 396 industry peers in the Banks industry. WAL has a bad profitability rating. Also its financial health evaluation is rather negative. WAL is not valued too expensively and it also shows a decent growth rate.


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.
Each year in the past 5 years WAL has been profitable.
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

The Return On Assets of WAL (0.96%) is better than 62.63% of its industry peers.
WAL has a better Return On Equity (11.51%) than 80.81% 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 has a Profit Margin (24.81%) which is comparable to the rest of the industry.
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.
Compared to 1 year ago, WAL has a worse debt to assets ratio.
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.
With a Debt to Equity ratio value of 0.37, WAL is not doing good in the industry: 73.74% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC15.4%
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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3. Growth

3.1 Past

WAL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.42%.
WAL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.21% yearly.
Looking at the last year, WAL shows a quite strong growth in Revenue. The Revenue has grown by 14.83% in the last year.
The Revenue has been growing by 23.39% on average over the past years. This is a very strong growth!
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

WAL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.99% yearly.
Based on estimates for the next years, WAL will show a quite strong growth in Revenue. The Revenue will grow by 8.61% on average per year.
EPS Next Y21.54%
EPS Next 2Y21.33%
EPS Next 3Y17.99%
EPS Next 5YN/A
Revenue Next Year7.73%
Revenue Next 2Y8.79%
Revenue Next 3Y8.61%
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 accelerating.
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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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.86, the valuation of WAL can be described as very reasonable.
Based on the Price/Earnings ratio, WAL is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
WAL is valuated cheaply when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 6.76 indicates a rather cheap valuation of WAL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WAL indicates a rather cheap valuation: WAL is cheaper than 90.40% of the companies listed in the same industry.
WAL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.76.
Industry RankSector Rank
PE 9.86
Fwd PE 6.76
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

WAL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as WAL's earnings are expected to grow with 17.99% in the coming years.
PEG (NY)0.46
PEG (5Y)1.2
EPS Next 2Y21.33%
EPS Next 3Y17.99%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.12%, WAL has a reasonable but not impressive dividend return.
WAL's Dividend Yield is slightly below the industry average, which is at 3.42.
WAL's Dividend Yield is comparable with the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 2.12%

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.
WAL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
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

WAL pays out 22.33% of its income as dividend. This is a sustainable payout ratio.
WAL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP22.33%
EPS Next 2Y21.33%
EPS Next 3Y17.99%
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 (5/23/2025, 9:03:15 PM)

After market: 71.46 0 (0%)

71.46

-0.77 (-1.07%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-16 2025-07-16/amc
Inst Owners91.41%
Inst Owner Change-3.69%
Ins Owners2.26%
Ins Owner Change1.86%
Market Cap7.89B
Analysts83.53
Price Target93.84 (31.32%)
Short Float %4.04%
Short Ratio3.36
Dividend
Industry RankSector Rank
Dividend Yield 2.12%
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)-3.08%
PT rev (3m)-11.84%
EPS NQ rev (1m)-3.04%
EPS NQ rev (3m)-4.43%
EPS NY rev (1m)-0.97%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.2%
Valuation
Industry RankSector Rank
PE 9.86
Fwd PE 6.76
P/S 2.46
P/FCF N/A
P/OCF N/A
P/B 1.14
P/tB 1.57
EV/EBITDA N/A
EPS(TTM)7.25
EY10.15%
EPS(NY)10.57
Fwd EY14.79%
FCF(TTM)-37.78
FCFYN/A
OCF(TTM)-37.04
OCFYN/A
SpS29.09
BVpS62.7
TBVpS45.52
PEG (NY)0.46
PEG (5Y)1.2
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
WACC15.4%
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 Y21.54%
EPS Next 2Y21.33%
EPS Next 3Y17.99%
EPS Next 5YN/A
Revenue 1Y (TTM)14.83%
Revenue growth 3Y17.42%
Revenue growth 5Y23.39%
Sales Q2Q%6.75%
Revenue Next Year7.73%
Revenue Next 2Y8.79%
Revenue Next 3Y8.61%
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