Western Alliance Bancorporation

Earnings Score
Safety Score

Market Cap $10.18B
PE 14
Debt $3.00B
Cash $2.59B
EV $10.58B
FCF -$1.86B

Earnings

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Sales & Net Margins

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Earnings	$705.90M
EBIT	$942.80M
ROE	11%
ROA	1%
FCF	-$1.86B
Equity	$6.68B
Growth Stability	87%
PE	14.41
PEG	1.1
PB	1.52
P/FCF	-5.46
P/S	132.84
Price/Cash	0.25
Debt/Equity	0.45
Debt/FCF	-1.61
Net Margins	1K%
Op. Margins	1K%
Earnings CAGR	19%
Sales Growth YoY	-49%
Sales CAGR	0%
FCF CAGR	7%
Equity CAGR	19%
Earnings Stability	0.86
Earnings Growth YoY	-8%

Earnings Growth QoQ	3%
Earnings CAGR 5Y	13%
Sales CAGR 5Y	1%
FCF CAGR 5Y	10%
Equity CAGR 5Y	19%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	1%
Equity CAGR 3Y	12%
Market Cap	$10.18B
Revenue	$76.60M
Dividend Yield	2%
Payout Ratio	25%
Assets	$80.08B
Total Debt	$3.00B
Cash	$2.59B
Shares Outstanding	108.55M
EV	10.58B
Earnings Score	94%
Safety Score	64%
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	16%

Assets & ROA

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Stockholders Equity & ROE

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Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.

SEC Filings

Direct access to Western Alliance Bancorporation (WAL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Western Alliance Bancorporation compare to its competitors?

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Peter Lynch's Chart

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

CAGR 19%

Stability 86%

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Western Alliance Bancorporation Discounted Cash Flow

Fully customizable DCF calculator online for Western Alliance Bancorporation.

Years

Calculation mode

= -$31B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$1.9B	-$2B	-$2.1B	-$2.3B	-$2.5B	-$2.7B	-$2.9B	-$3.1B	-$3.3B	-$3.5B	-$3.8B	-$38B
DCF		-$1.8B	-$1.8B	-$1.7B	-$1.7B	-$1.7B	-$1.6B	-$1.6B	-$1.5B	-$1.5B	-$1.5B	-$15B
Value	-$31B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	-	-	2K%	2K%	720%	1K%
ROA	-	2%	2%	3%	3%	3%	2%	2%	2%	1%	1%
ROE	-	12%	14%	15%	17%	17%	15%	18%	20%	12%	11%

Good Net Margins (1.22K%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.74	0.3	1.04	0.93	0	0.01	-0.55	2.99	-16.32	-1.61
Debt over Equity	0.39	0.09	0.04	0.17	0.19	0	0	0.3	1.18	1.19	0.45
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	87%	87%

Good Debt/FCF ratio (-1.61)

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.

Good Debt/Equity ratio (0.45)

The company is not overleveraged and has a good balance between equity and debt.

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	-	17%	124%	1%
Earnings YoY growth	-	32%	34%	25%	34%	15%	1%	77%	17%	-32%	13%
Equity YoY growth	-	59%	19%	18%	17%	15%	13%	45%	8%	13%	19%
FCF YoY growth	-	35%	34%	39%	41%	29%	-6%	-523%	-177%	-121%	10%