Wafd Inc

Finance
Major Banks
www.wafdbank.com

Earnings Score

Market Cap $2.66B
PE 14
Debt $NaN
Cash $2.38B
EV $NaN
FCF $414.55M

Earnings

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Sales & Net Margins

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Earnings	$185.42M
EBIT	$256.06M
ROE	6%
ROA	1%
FCF	$414.55M
Equity	$3.00B
Growth Stability	87%
PE	14.37
PEG	4.01
PB	0.89
P/FCF	6.43
P/S	96.88
Price/Cash	0.89
Net Margins	674%
Op. Margins	931%
Earnings CAGR	3%
Sales Growth YoY	3%
Sales Growth QoQ	1%
Sales CAGR	1%
FCF CAGR	1%
Equity CAGR	3%
Earnings Stability	0.2

Earnings Growth YoY	23%
Earnings Growth QoQ	-6%
Earnings CAGR 5Y	4%
Sales CAGR 5Y	4%
FCF CAGR 5Y	5%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	15%
Equity CAGR 3Y	13%
Market Cap	$2.66B
Revenue	$27.51M
Dividend Yield	3%
Payout Ratio	40%
Assets	$28.06B
Cash	$2.38B
Shares Outstanding	74.17M
Earnings Score	8%
Shares Growth 3y	3%
Equity Growth QoQ	1%
Equity Growth YoY	24%

Assets & ROA

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Stockholders Equity & ROE

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Washington Federal Inc runs more than 200 offices across eight states, primarily in the West. Key states include Washington, Oregon, and Arizona, which account for nearly 80% of loans. Profits are derived mostly from interest sources, as non-interest income makes up only about 7% of net revenue. Most of the loan book is oriented toward single-family mortgages, which account for 65% of the portfolio. Multifamily loans account for nearly 11%, and commercial real estate loans for about an additional 8%.

SEC Filings

Direct access to Wafd Inc (WAFD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-Q Dec 31
- 10-K Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Wafd Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Wafd Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 20%

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Wafd Inc Discounted Cash Flow

Fully customizable DCF calculator online for Wafd Inc.

Years

Calculation mode

= $4.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$415M	$420M	$425M	$431M	$436M	$442M	$447M	$453M	$459M	$465M	$471M	$4.7B
DCF		$382M	$351M	$324M	$298M	$274M	$252M	$232M	$214M	$197M	$181M	$1.8B
Value	$4.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	-	-	-	787%	845%	732%	703%	855%	932%	674%	674%
ROA	-	2%	2%	2%	2%	1%	1%	1%	1%	1%	1%
ROE	-	8%	9%	10%	10%	9%	8%	10%	10%	6%	6%

Good Net Margins (674.07%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	89%	89%	100%	100%	87%	87%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (87%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-	-	-	-4%	-5%	4%	5%	0%	6%	4%
Earnings YoY growth	-	2%	6%	17%	3%	-18%	0%	28%	10%	-24%	4%
Equity YoY growth	-	1%	2%	-0%	2%	-1%	6%	7%	7%	24%	8%
FCF YoY growth	-	73%	-11%	-0%	21%	-32%	112%	-10%	-23%	108%	5%