WEST BANCORPORATION (WTBA) Fundamental Analysis & Valuation

NASDAQ:WTBA • US95123P1066

Current stock price

23.38 USD
-0.26 (-1.1%)
Last:

This WTBA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. WTBA Profitability Analysis

1.1 Basic Checks

  • In the past year WTBA was profitable.
  • WTBA had a positive operating cash flow in the past year.
  • Each year in the past 5 years WTBA has been profitable.
  • WTBA had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M

1.2 Ratios

  • The Return On Assets of WTBA (0.79%) is worse than 64.74% of its industry peers.
  • WTBA's Return On Equity of 12.24% is amongst the best of the industry. WTBA outperforms 81.05% of its industry peers.
Industry RankSector Rank
ROA 0.79%
ROE 12.24%
ROIC N/A
ROA(3y)0.67%
ROA(5y)0.94%
ROE(3y)11.17%
ROE(5y)14.91%
ROIC(3y)N/A
ROIC(5y)N/A
WTBA Yearly ROA, ROE, ROICWTBA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of WTBA (34.19%) is better than 88.42% of its industry peers.
  • WTBA's Profit Margin has been stable in the last couple of years.
  • WTBA does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 34.19%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9.11%
PM growth 5Y-0.69%
GM growth 3YN/A
GM growth 5YN/A
WTBA Yearly Profit, Operating, Gross MarginsWTBA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. WTBA Health Analysis

2.1 Basic Checks

  • WTBA does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for WTBA has been increased compared to 1 year ago.
  • WTBA has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for WTBA has been reduced compared to a year ago.
WTBA Yearly Shares OutstandingWTBA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M
WTBA Yearly Total Debt VS Total AssetsWTBA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • WTBA has a debt to FCF ratio of 2.47. This is a good value and a sign of high solvency as WTBA would need 2.47 years to pay back of all of its debts.
  • WTBA has a Debt to FCF ratio (2.47) which is comparable to the rest of the industry.
  • WTBA has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
  • WTBA has a worse Debt to Equity ratio (0.40) than 72.63% of its industry peers.
  • Although WTBA's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.47
Altman-Z N/A
ROIC/WACCN/A
WACC16.52%
WTBA Yearly LT Debt VS Equity VS FCFWTBA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. WTBA Growth Analysis

3.1 Past

  • WTBA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.33%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -0.72% on average over the past years.
  • Looking at the last year, WTBA shows a quite strong growth in Revenue. The Revenue has grown by 19.36% in the last year.
  • Measured over the past years, WTBA shows a small growth in Revenue. The Revenue has been growing by 0.61% on average per year.
EPS 1Y (TTM)27.33%
EPS 3Y-11.44%
EPS 5Y-0.72%
EPS Q2Q%-12.24%
Revenue 1Y (TTM)19.36%
Revenue growth 3Y-2.23%
Revenue growth 5Y0.61%
Sales Q2Q%1.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 23.41% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, WTBA will show a quite strong growth in Revenue. The Revenue will grow by 12.97% on average per year.
EPS Next Y36.39%
EPS Next 2Y23.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.9%
Revenue Next 2Y12.97%
Revenue Next 3YN/A
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.
  • 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M 100M
WTBA Yearly EPS VS EstimatesWTBA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

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6

4. WTBA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.24, the valuation of WTBA can be described as correct.
  • The rest of the industry has a similar Price/Earnings ratio as WTBA.
  • WTBA is valuated cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 8.97, the valuation of WTBA can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, WTBA is valued a bit cheaper than 71.05% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, WTBA is valued rather cheaply.
Industry RankSector Rank
PE 12.24
Fwd PE 8.97
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

  • Based on the Price/Free Cash Flow ratio, WTBA is valued a bit cheaper than the industry average as 71.32% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.18
EV/EBITDA N/A
WTBA Per share dataWTBA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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 23.41% in the coming years.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y23.41%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. WTBA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.51%, WTBA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.78, WTBA pays a better dividend. On top of this WTBA pays more dividend than 88.16% of the companies listed in the same industry.
  • WTBA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 4.51%

5.2 History

  • The dividend of WTBA has a limited annual growth rate of 3.58%.
  • WTBA has paid a dividend for at least 10 years, which is a reliable track record.
  • WTBA has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.58%
Div Incr Years0
Div Non Decr Years13
WTBA Yearly Dividends per shareWTBA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 51.95% of the earnings are spent on dividend by WTBA. This is a bit on the high side, but may be sustainable.
  • WTBA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.95%
EPS Next 2Y23.41%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M 40M
WTBA Dividend Payout.WTBA Dividend Payout, showing the Payout Ratio.WTBA Dividend Payout.PayoutRetained Earnings

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WTBA Fundamentals: All Metrics, Ratios and Statistics

WEST BANCORPORATION

NASDAQ:WTBA (3/24/2026, 9:51:03 AM)

23.38

-0.26 (-1.1%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners47.62%
Inst Owner Change3.12%
Ins Owners4.44%
Ins Owner Change4.63%
Market Cap396.06M
Revenue(TTM)95.25M
Net Income(TTM)32.56M
Analysts43.33
Price Target26.52 (13.43%)
Short Float %1.85%
Short Ratio6.86
Dividend
Industry RankSector Rank
Dividend Yield 4.51%
Yearly Dividend1
Dividend Growth(5Y)3.58%
DP51.95%
Div Incr Years0
Div Non Decr Years13
Ex-Date02-11
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.91%
Min EPS beat(2)-25.78%
Max EPS beat(2)15.96%
EPS beat(4)3
Avg EPS beat(4)2.76%
Min EPS beat(4)-25.78%
Max EPS beat(4)18.68%
EPS beat(8)6
Avg EPS beat(8)7.98%
EPS beat(12)9
Avg EPS beat(12)6.72%
EPS beat(16)12
Avg EPS beat(16)5.54%
Revenue beat(2)1
Avg Revenue beat(2)-10.38%
Min Revenue beat(2)-22.06%
Max Revenue beat(2)1.3%
Revenue beat(4)2
Avg Revenue beat(4)-4.14%
Min Revenue beat(4)-22.06%
Max Revenue beat(4)4.79%
Revenue beat(8)2
Avg Revenue beat(8)-2.89%
Revenue beat(12)2
Avg Revenue beat(12)-3.05%
Revenue beat(16)2
Avg Revenue beat(16)-3.18%
PT rev (1m)0%
PT rev (3m)8.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.55%
EPS NY rev (1m)0%
EPS NY rev (3m)6.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.85%
Valuation
Industry RankSector Rank
PE 12.24
Fwd PE 8.97
P/S 4.16
P/FCF 9.18
P/OCF 8.52
P/B 1.49
P/tB 1.49
EV/EBITDA N/A
EPS(TTM)1.91
EY8.17%
EPS(NY)2.61
Fwd EY11.14%
FCF(TTM)2.55
FCFY10.9%
OCF(TTM)2.74
OCFY11.74%
SpS5.62
BVpS15.7
TBVpS15.7
PEG (NY)0.34
PEG (5Y)N/A
Graham Number25.98
Profitability
Industry RankSector Rank
ROA 0.79%
ROE 12.24%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 34.19%
GM N/A
FCFM 45.31%
ROA(3y)0.67%
ROA(5y)0.94%
ROE(3y)11.17%
ROE(5y)14.91%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-9.11%
PM growth 5Y-0.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 2.47
Debt/EBITDA N/A
Cap/Depr 73.65%
Cap/Sales 3.49%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 132.53%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC16.52%
ROIC/WACCN/A
Cap/Depr(3y)912.06%
Cap/Depr(5y)947.9%
Cap/Sales(3y)27.42%
Cap/Sales(5y)22.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)27.33%
EPS 3Y-11.44%
EPS 5Y-0.72%
EPS Q2Q%-12.24%
EPS Next Y36.39%
EPS Next 2Y23.41%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.36%
Revenue growth 3Y-2.23%
Revenue growth 5Y0.61%
Sales Q2Q%1.8%
Revenue Next Year16.9%
Revenue Next 2Y12.97%
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 1Y215.63%
FCF growth 3Y4.21%
FCF growth 5Y1.54%
OCF growth 1Y16.76%
OCF growth 3Y-7.87%
OCF growth 5Y1.91%

WEST BANCORPORATION / WTBA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for WEST BANCORPORATION?

ChartMill assigns a fundamental rating of 4 / 10 to WTBA.


What is the valuation status for WTBA stock?

ChartMill assigns a valuation rating of 6 / 10 to WEST BANCORPORATION (WTBA). This can be considered as Fairly Valued.


Can you provide the profitability details for WEST BANCORPORATION?

WEST BANCORPORATION (WTBA) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for WTBA stock?

The Price/Earnings (PE) ratio for WEST BANCORPORATION (WTBA) is 12.24 and the Price/Book (PB) ratio is 1.49.


Is the dividend of WEST BANCORPORATION sustainable?

The dividend rating of WEST BANCORPORATION (WTBA) is 8 / 10 and the dividend payout ratio is 51.95%.