WEST BANCORPORATION (WTBA)
US95123P1066 - Common Stock
We assign a fundamental rating of 2 out of 10 to WTBA. WTBA was compared to 412 industry peers in the Banks industry. WTBA may be in some trouble as it scores bad on both profitability and health. WTBA has a expensive valuation and it also scores bad on growth. WTBA also has an excellent dividend rating.
1. Profitability
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.
In the past 5 years WTBA always reported a positive cash flow from operatings.
1.2 Ratios
WTBA has a worse Return On Assets (0.56%) than 75.49% of its industry peers.
WTBA has a Return On Equity (9.88%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 9.88% | ||
| ROIC | N/A |
ROA(3y)1.11%
ROA(5y)1.1%
ROE(3y)17.25%
ROE(5y)15.99%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
WTBA's Profit Margin of 28.90% is fine compared to the rest of the industry. WTBA outperforms 72.82% of its industry peers.
In the last couple of years the Profit Margin of WTBA has declined.
The Operating Margin and Gross Margin are not available for WTBA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 28.9% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-4.82%
PM growth 5Y-5.63%
GM growth 3YN/A
GM growth 5YN/A
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
The number of shares outstanding for WTBA has been increased compared to 5 years ago.
The debt/assets ratio for WTBA has been reduced compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 1.45 is on the high side and indicates that WTBA has dependencies on debt financing.
WTBA has a Debt to Equity ratio of 1.45. This is amonst the worse of the industry: WTBA underperforms 88.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC13.72%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
WTBA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -45.08%.
WTBA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.34% yearly.
Looking at the last year, WTBA shows a very negative growth in Revenue. The Revenue has decreased by -21.47% in the last year.
Measured over the past years, WTBA shows a small growth in Revenue. The Revenue has been growing by 2.50% on average per year.
EPS 1Y (TTM)-45.08%
EPS 3Y-9.66%
EPS 5Y-3.34%
EPS growth Q2Q-25.53%
Revenue 1Y (TTM)-21.47%
Revenue growth 3Y-5.05%
Revenue growth 5Y2.5%
Revenue growth Q2Q-12.05%
3.2 Future
WTBA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.06% yearly.
The Revenue is expected to grow by 3.98% on average over the next years.
EPS Next Y-19.66%
EPS Next 2Y4.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.27%
Revenue Next 2Y3.98%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.90, which indicates a correct valuation of WTBA.
Based on the Price/Earnings ratio, WTBA is valued a bit more expensive than the industry average as 71.84% of the companies are valued more cheaply.
WTBA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
The Price/Forward Earnings ratio is 10.93, which indicates a very decent valuation of WTBA.
WTBA's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.41, WTBA is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.9 | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.06%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.82%, WTBA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.76, WTBA pays a better dividend. On top of this WTBA pays more dividend than 90.05% 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 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.82% |
5.2 History
The dividend of WTBA has a limited annual growth rate of 5.11%.
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)5.11%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
75.67% of the earnings are spent on dividend by WTBA. This is not a sustainable payout ratio.
The dividend of WTBA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP75.67%
EPS Next 2Y4.06%
EPS Next 3YN/A
WEST BANCORPORATION
NASDAQ:WTBA (5/3/2024, 7:26:52 PM)
After market: 17.28 0 (0%)17.28
+0.1 (+0.58%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap290.48M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.9 | ||
| Fwd PE | 10.93 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.56% | ||
| ROE | 9.88% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 28.9% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-45.08%
EPS 3Y-9.66%
EPS 5Y
EPS growth Q2Q
EPS Next Y-19.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-21.47%
Revenue growth 3Y-5.05%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y