WESTAMERICA BANCORPORATION (WABC)
US9570901036 - Common Stock
Taking everything into account, WABC scores 4 out of 10 in our fundamental rating. WABC was compared to 411 industry peers in the Banks industry. WABC has a medium profitability rating, but doesn't score so well on its financial health evaluation. WABC is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
WABC had positive earnings in the past year.
WABC had a positive operating cash flow in the past year.
Each year in the past 5 years WABC has been profitable.
WABC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WABC's Return On Assets of 2.44% is amongst the best of the industry. WABC outperforms 97.82% of its industry peers.
Looking at the Return On Equity, with a value of 19.92%, WABC belongs to the top of the industry, outperforming 97.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 19.92% | ||
| ROIC | N/A |
ROA(3y)1.82%
ROA(5y)1.62%
ROE(3y)17.22%
ROE(5y)14.43%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 49.31%, WABC belongs to the top of the industry, outperforming 99.51% of the companies in the same industry.
WABC's Profit Margin has improved in the last couple of years.
WABC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 49.31% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y9.22%
PM growth 5Y6.68%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
WABC does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WABC has been reduced compared to 1 year ago.
WABC has about the same amout of shares outstanding than it did 5 years ago.
WABC has a worse debt/assets ratio than last year.
2.2 Solvency
WABC has a debt to FCF ratio of 1.62. This is a very positive value and a sign of high solvency as it would only need 1.62 years to pay back of all of its debts.
WABC has a better Debt to FCF ratio (1.62) than 65.78% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that WABC is not too dependend on debt financing.
The Debt to Equity ratio of WABC (0.32) is worse than 62.38% of its industry peers.
Even though the debt/equity ratio score it not favorable for WABC, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 1.62 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.89%
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 nice 13.85% over the past year.
Measured over the past years, WABC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.20% on average per year.
Looking at the last year, WABC shows a quite strong growth in Revenue. The Revenue has grown by 10.35% in the last year.
WABC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.34% yearly.
EPS 1Y (TTM)13.85%
EPS 3Y28.14%
EPS 5Y17.2%
EPS growth Q2Q-9.27%
Revenue 1Y (TTM)10.35%
Revenue growth 3Y15.58%
Revenue growth 5Y10.34%
Revenue growth Q2Q-4.84%
3.2 Future
The Earnings Per Share is expected to decrease by -10.84% on average over the next years. This is quite bad
WABC is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.72% yearly.
EPS Next Y-10.43%
EPS Next 2Y-10.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.69%
Revenue Next 2Y-6.72%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 8.51, which indicates a very decent valuation of WABC.
Based on the Price/Earnings ratio, WABC is valued a bit cheaper than 75.24% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.60, WABC is valued rather cheaply.
The Price/Forward Earnings ratio is 10.46, which indicates a very decent valuation of WABC.
WABC's Price/Forward Earnings ratio is in line with the industry average.
WABC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.15.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.51 | ||
| Fwd PE | 10.46 |
4.2 Price Multiples
WABC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.7 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as WABC's earnings are expected to decrease with -10.84% in the coming years.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-10.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.53%, WABC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.65, WABC has a dividend in line with its industry peers.
WABC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.53% |
5.2 History
The dividend of WABC has a limited annual growth rate of 1.35%.
WABC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
29.42% of the earnings are spent on dividend by WABC. This is a low number and sustainable payout ratio.
DP29.42%
EPS Next 2Y-10.84%
EPS Next 3YN/A
WESTAMERICA BANCORPORATION
NASDAQ:WABC (5/17/2024, 7:00:02 PM)
After market: 50.37 0 (0%)50.37
+0.45 (+0.9%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.53% |
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 | 8.51 | ||
| Fwd PE | 10.46 | ||
| 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)0.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.44% | ||
| ROE | 19.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 49.31% | ||
| 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 Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| 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)13.85%
EPS 3Y28.14%
EPS 5Y
EPS growth Q2Q
EPS Next Y-10.43%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.35%
Revenue growth 3Y15.58%
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