West Bancorporation Inc

Finance
Major Banks
www.westbankstrong.com

Earnings Score

Market Cap $397.64M
PE 19
Debt $NaN
Cash $157.80M
EV $NaN
FCF $1.01M

Earnings

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Sales & Net Margins

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Earnings	$21.48M
EBIT	$26.59M
ROE	9%
ROA	1%
FCF	$1.01M
Equity	$235.35M
Growth Stability	56%
PE	18.51
PEG	-2.89
PB	1.69
P/FCF	395.66
Price/Cash	0.4
Earnings CAGR	5%
FCF CAGR	-2%
Equity CAGR	5%
Earnings Stability	0.18
Earnings Growth YoY	1%

Earnings Growth QoQ	15%
Earnings CAGR 5Y	-6%
FCF CAGR 5Y	-16%
Equity CAGR 5Y	0%
FCF CAGR 3Y	-36%
Equity CAGR 3Y	-1%
Market Cap	$397.64M
Dividend Yield	4%
Payout Ratio	78%
Assets	$3.99B
Cash	$157.80M
Shares Outstanding	16.79M
Earnings Score	9%
Shares Growth 3y	1%
Equity Growth QoQ	5%
Equity Growth YoY	15%

Assets & ROA

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Stockholders Equity & ROE

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West Bancorp Inc is a United States-based company. It is engaged in providing banking services to various customers. It provides credit services like commercial, real estate, and consumer loans. It also offers trust services, including the administration of estates, conservatorships, personal trusts, and agency accounts. The bank also focuses on providing deposit services, including checking, savings, money market accounts, and time certificates of deposit, and internet services to the customers. The bank receives maximum revenue in the form of interest income and from the sale of loans. The bank operates only in the United States of America region.

SEC Filings

Direct access to West Bancorporation Inc (WTBA) 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 West Bancorporation Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 5%

Stability 18%

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West Bancorporation Inc Discounted Cash Flow

Fully customizable DCF calculator online for West Bancorporation Inc.

Years

Calculation mode

= $8.7M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1M	$984K	$964K	$944K	$924K	$905K	$886K	$868K	$850K	$832K	$815K	$8.1M
DCF		$895K	$796K	$709K	$631K	$562K	$500K	$445K	$396K	$353K	$314K	$3.1M
Value	$8.7M

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	-	-	-	-	-	-	-	-	-	-	-
ROA	-	2%	2%	2%	2%	1%	1%	2%	2%	1%	1%
ROE	-	14%	14%	13%	15%	14%	15%	19%	22%	11%	9%

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	-	0.96	0.29	0.81	0.78	0.64	0.54	1.05	-	-	-
Debt over Equity	0.56	0.18	0.03	0.13	0.14	0.11	0.1	0.2	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	56%	56%

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.

Bad Graham’s Stability (56%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	-	-	-	-	-	-	-	-	-	-	-
Earnings YoY growth	-	8%	6%	0%	24%	1%	14%	52%	-6%	-48%	-6%
Equity YoY growth	-	9%	9%	8%	7%	11%	6%	16%	-19%	7%	0%
FCF YoY growth	-	36%	-39%	63%	22%	4%	11%	23%	-22%	-129%	-16%