WEST BANCORPORATION (WTBA) Stock Fundamental Analysis
USA - NASDAQ:WTBA - US95123P1066 - Common Stock
19.23 USD
-0.73 (-3.66%)
19.23 USD
0 (0%)
Taking everything into account, WTBA scores 4 out of 10 in our fundamental rating. WTBA was compared to 392 industry peers in the Banks industry. While WTBA is still in line with the averages on profitability rating, there are concerns on its financial health. WTBA has a correct valuation and a medium growth rate. Finally WTBA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year WTBA was profitable.
In the past year WTBA had a positive cash flow from operations.
In the past 5 years WTBA has always been profitable.
Each year in the past 5 years WTBA had a positive operating cash flow.
1.2 Ratios
The Return On Assets of WTBA (0.71%) is worse than 60.71% of its industry peers.
WTBA's Return On Equity of 11.98% is amongst the best of the industry. WTBA outperforms 82.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 11.98% | ||
| 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
1.3 Margins
The Profit Margin of WTBA (32.77%) is better than 87.50% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 32.77% | ||
| 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
2. Health
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.
Compared to 5 years ago, WTBA has more shares outstanding
WTBA has a better debt/assets ratio than last year.
2.2 Solvency
WTBA has a debt to FCF ratio of 3.33. This is a good value and a sign of high solvency as WTBA would need 3.33 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.33, WTBA is doing worse than 61.99% of the companies in the same industry.
A Debt/Equity ratio of 0.50 indicates that WTBA is not too dependend on debt financing.
WTBA's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. WTBA is outperformed by 76.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC16.79%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 36.15% 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.
The Revenue has grown by 15.41% in the past year. This is quite good.
The Revenue has been growing slightly by 1.33% on average over the past years.
EPS 1Y (TTM)36.15%
EPS 3Y-20.27%
EPS 5Y-3.04%
EPS Q2Q%51.61%
Revenue 1Y (TTM)15.41%
Revenue growth 3Y-8.69%
Revenue growth 5Y1.33%
Sales Q2Q%21.73%
3.2 Future
Based on estimates for the next years, WTBA will show a very strong growth in Earnings Per Share. The EPS will grow by 21.03% on average per year.
WTBA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.44% yearly.
EPS Next Y29.2%
EPS Next 2Y21.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.19%
Revenue Next 2Y15.44%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.86, the valuation of WTBA can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of WTBA indicates a somewhat cheap valuation: WTBA is cheaper than 63.27% of the companies listed in the same industry.
WTBA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.02.
Based on the Price/Forward Earnings ratio of 8.75, the valuation of WTBA can be described as reasonable.
WTBA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. WTBA is cheaper than 67.35% of the companies in the same industry.
WTBA is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 8.75 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, WTBA is valued a bit cheaper than 72.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.01 | ||
| EV/EBITDA | N/A |
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.
WTBA's earnings are expected to grow with 21.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y21.03%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.01%, WTBA is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.52, WTBA pays a better dividend. On top of this WTBA pays more dividend than 83.16% 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 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
5.2 History
The dividend of WTBA has a limited annual growth rate of 3.82%.
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)3.82%
Div Incr Years0
Div Non Decr Years13
5.3 Sustainability
WTBA pays out 58.40% of its income as dividend. 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.
DP58.4%
EPS Next 2Y21.03%
EPS Next 3YN/A
19.23
-0.73 (-3.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners46%
Inst Owner Change0%
Ins Owners4.3%
Ins Owner Change0.41%
Market Cap325.76M
Analysts43.33
Price Target20.91 (8.74%)
Short Float %2.4%
Short Ratio9.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
Yearly Dividend1
Dividend Growth(5Y)3.82%
DP58.4%
Div Incr Years0
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.42%
Min EPS beat(2)2.17%
Max EPS beat(2)18.68%
EPS beat(4)4
Avg EPS beat(4)12.91%
Min EPS beat(4)2.17%
Max EPS beat(4)20.1%
EPS beat(8)6
Avg EPS beat(8)9.51%
EPS beat(12)9
Avg EPS beat(12)6.88%
EPS beat(16)12
Avg EPS beat(16)6.01%
Revenue beat(2)1
Avg Revenue beat(2)2.1%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)4.79%
Revenue beat(4)1
Avg Revenue beat(4)-0.19%
Min Revenue beat(4)-4.56%
Max Revenue beat(4)4.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.3%
Revenue beat(12)1
Avg Revenue beat(12)-2.17%
Revenue beat(16)2
Avg Revenue beat(16)-1.91%
PT rev (1m)0%
PT rev (3m)2.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.12%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.86 | ||
| Fwd PE | 8.75 | ||
| P/S | 3.7 | ||
| P/FCF | 9.01 | ||
| P/OCF | 6.94 | ||
| P/B | 1.35 | ||
| P/tB | 1.35 | ||
| EV/EBITDA | N/A |
EPS(TTM)1.77
EY9.2%
EPS(NY)2.2
Fwd EY11.43%
FCF(TTM)2.13
FCFY11.1%
OCF(TTM)2.77
OCFY14.42%
SpS5.2
BVpS14.22
TBVpS14.22
PEG (NY)0.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 11.98% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 32.77% | ||
| GM | N/A | ||
| FCFM | 41.05% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 3.33 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 243.39% | ||
| Cap/Sales | 12.26% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 125.26% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score8
WACC16.79%
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)36.15%
EPS 3Y-20.27%
EPS 5Y-3.04%
EPS Q2Q%51.61%
EPS Next Y29.2%
EPS Next 2Y21.03%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.41%
Revenue growth 3Y-8.69%
Revenue growth 5Y1.33%
Sales Q2Q%21.73%
Revenue Next Year20.19%
Revenue Next 2Y15.44%
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 1Y336.21%
FCF growth 3Y-34.72%
FCF growth 5Y-17.57%
OCF growth 1Y30.27%
OCF growth 3Y-11.73%
OCF growth 5Y1.49%