Logo image of WTBA

WEST BANCORPORATION (WTBA) Stock Fundamental Analysis

NASDAQ:WTBA - Nasdaq - US95123P1066 - Common Stock - Currency: USD

19.95  -0.19 (-0.94%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WTBA. WTBA was compared to 396 industry peers in the Banks industry. WTBA may be in some trouble as it scores bad on both profitability and health. WTBA has a correct valuation and a medium growth rate. WTBA also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

3

1. Profitability

1.1 Basic Checks

WTBA had positive earnings in the past year.
In the past year WTBA had a positive cash flow from operations.
WTBA had positive earnings in each of the past 5 years.
Each year in the past 5 years WTBA had a positive operating cash flow.
WTBA Yearly Net Income VS EBIT VS OCF VS FCFWTBA 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 20M 40M

1.2 Ratios

WTBA's Return On Assets of 0.65% is on the low side compared to the rest of the industry. WTBA is outperformed by 65.15% of its industry peers.
WTBA has a Return On Equity of 10.97%. This is in the better half of the industry: WTBA outperforms 78.03% of its industry peers.
Industry RankSector Rank
ROA 0.65%
ROE 10.97%
ROIC N/A
ROA(3y)0.84%
ROA(5y)0.99%
ROE(3y)14.42%
ROE(5y)15.39%
ROIC(3y)N/A
ROIC(5y)N/A
WTBA Yearly ROA, ROE, ROICWTBA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

WTBA's Profit Margin of 31.11% is amongst the best of the industry. WTBA outperforms 83.84% of its industry peers.
WTBA's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for WTBA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 31.11%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-13.97%
PM growth 5Y-4.74%
GM growth 3YN/A
GM growth 5YN/A
WTBA Yearly Profit, Operating, Gross MarginsWTBA 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

1

2. Health

2.1 Basic Checks

WTBA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WTBA has more shares outstanding
Compared to 5 years ago, WTBA has more shares outstanding
The debt/assets ratio for WTBA has been reduced compared to a year ago.
WTBA Yearly Shares OutstandingWTBA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
WTBA Yearly Total Debt VS Total AssetsWTBA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

WTBA has a debt to FCF ratio of 4.65. This is a neutral value as WTBA would need 4.65 years to pay back of all of its debts.
WTBA has a worse Debt to FCF ratio (4.65) than 69.44% of its industry peers.
A Debt/Equity ratio of 0.51 indicates that WTBA is somewhat dependend on debt financing.
WTBA has a Debt to Equity ratio of 0.51. This is in the lower half of the industry: WTBA underperforms 78.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.65
Altman-Z N/A
ROIC/WACCN/A
WACC16.74%
WTBA Yearly LT Debt VS Equity VS FCFWTBA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M 250M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
WTBA Yearly Current Assets VS Current LiabilitesWTBA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

More info and screens

6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 20.15% over the past year.
Measured over the past years, WTBA shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.04% on average per year.
Looking at the last year, WTBA shows a quite strong growth in Revenue. The Revenue has grown by 9.62% in the last year.
Measured over the past years, WTBA shows a small growth in Revenue. The Revenue has been growing by 1.33% on average per year.
EPS 1Y (TTM)20.15%
EPS 3Y-20.27%
EPS 5Y-3.04%
EPS Q2Q%31.43%
Revenue 1Y (TTM)9.62%
Revenue growth 3Y-8.69%
Revenue growth 5Y1.33%
Sales Q2Q%21.26%

3.2 Future

WTBA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.69% yearly.
The Revenue is expected to grow by 14.64% on average over the next years. This is quite good.
EPS Next Y29.2%
EPS Next 2Y23.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year19.07%
Revenue Next 2Y14.64%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WTBA Yearly Revenue VS EstimatesWTBA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M 100M
WTBA Yearly EPS VS EstimatesWTBA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

More info and screens

5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.39, the valuation of WTBA can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of WTBA is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.68. WTBA is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 8.69, which indicates a very decent valuation of WTBA.
Based on the Price/Forward Earnings ratio, WTBA is valued a bit cheaper than 69.70% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.50. WTBA is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.39
Fwd PE 8.69
WTBA Price Earnings VS Forward Price EarningsWTBA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of WTBA is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 12.92
EV/EBITDA N/A
WTBA Per share dataWTBA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

WTBA'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 WTBA's earnings are expected to grow with 23.69% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y23.69%
EPS Next 3YN/A

More info and screens

8

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.91%, WTBA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.34, WTBA pays a better dividend. On top of this WTBA pays more dividend than 88.89% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, WTBA pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.91%

5.2 History

The dividend of WTBA has a limited annual growth rate of 3.82%.
WTBA has been paying a dividend for at least 10 years, so it has a reliable track record.
WTBA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.82%
Div Incr Years0
Div Non Decr Years13
WTBA Yearly Dividends per shareWTBA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

64.54% of the earnings are spent on dividend by WTBA. This is not a sustainable payout ratio.
WTBA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP64.54%
EPS Next 2Y23.69%
EPS Next 3YN/A
WTBA Yearly Income VS Free CF VS DividendWTBA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M
WTBA Dividend Payout.WTBA Dividend Payout, showing the Payout Ratio.WTBA Dividend Payout.PayoutRetained Earnings

More info and screens

WEST BANCORPORATION

NASDAQ:WTBA (5/19/2025, 11:33:01 AM)

19.95

-0.19 (-0.94%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-23 2025-07-23/bmo
Inst Owners47.56%
Inst Owner Change0.94%
Ins Owners4.08%
Ins Owner Change4.58%
Market Cap337.55M
Analysts43.33
Price Target20.4 (2.26%)
Short Float %2.01%
Short Ratio10.22
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
Yearly Dividend1
Dividend Growth(5Y)3.82%
DP64.54%
Div Incr Years0
Div Non Decr Years13
Ex-Date05-07 2025-05-07 (0.25)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.39%
Min EPS beat(2)18.68%
Max EPS beat(2)20.1%
EPS beat(4)3
Avg EPS beat(4)11.11%
Min EPS beat(4)-5.02%
Max EPS beat(4)20.1%
EPS beat(8)6
Avg EPS beat(8)10.15%
EPS beat(12)9
Avg EPS beat(12)7.25%
EPS beat(16)12
Avg EPS beat(16)7.43%
Revenue beat(2)1
Avg Revenue beat(2)0.12%
Min Revenue beat(2)-4.56%
Max Revenue beat(2)4.79%
Revenue beat(4)1
Avg Revenue beat(4)-0.17%
Min Revenue beat(4)-4.56%
Max Revenue beat(4)4.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.58%
Revenue beat(12)1
Avg Revenue beat(12)-2.19%
Revenue beat(16)3
Avg Revenue beat(16)-1.64%
PT rev (1m)-9.09%
PT rev (3m)-13.04%
EPS NQ rev (1m)17.95%
EPS NQ rev (3m)17.95%
EPS NY rev (1m)15.15%
EPS NY rev (3m)15.15%
Revenue NQ rev (1m)6.55%
Revenue NQ rev (3m)6.55%
Revenue NY rev (1m)6.12%
Revenue NY rev (3m)6.12%
Valuation
Industry RankSector Rank
PE 12.39
Fwd PE 8.69
P/S 4.03
P/FCF 12.92
P/OCF 7.77
P/B 1.42
P/tB 1.42
EV/EBITDA N/A
EPS(TTM)1.61
EY8.07%
EPS(NY)2.3
Fwd EY11.5%
FCF(TTM)1.54
FCFY7.74%
OCF(TTM)2.57
OCFY12.87%
SpS4.96
BVpS14.06
TBVpS14.06
PEG (NY)0.42
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.65%
ROE 10.97%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.11%
GM N/A
FCFM 31.17%
ROA(3y)0.84%
ROA(5y)0.99%
ROE(3y)14.42%
ROE(5y)15.39%
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-13.97%
PM growth 5Y-4.74%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.51
Debt/FCF 4.65
Debt/EBITDA N/A
Cap/Depr 402.14%
Cap/Sales 20.63%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 100.2%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC16.74%
ROIC/WACCN/A
Cap/Depr(3y)1361.06%
Cap/Depr(5y)964.1%
Cap/Sales(3y)33.22%
Cap/Sales(5y)22.1%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.15%
EPS 3Y-20.27%
EPS 5Y-3.04%
EPS Q2Q%31.43%
EPS Next Y29.2%
EPS Next 2Y23.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)9.62%
Revenue growth 3Y-8.69%
Revenue growth 5Y1.33%
Sales Q2Q%21.26%
Revenue Next Year19.07%
Revenue Next 2Y14.64%
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 1Y5.01%
FCF growth 3Y-34.72%
FCF growth 5Y-17.57%
OCF growth 1Y-6.41%
OCF growth 3Y-11.73%
OCF growth 5Y1.49%