West Bancorporation, Inc.

NASDAQ
WTBA
Stock
Yield per half year: -14.72%
Dividend yield: 4.86%
Sector: Financials

Reporting West Bancorporation, Inc.

Capitalization

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Average for 5 years CAGR 5
Capitalization, bln $
0.3024 0.3093 0.3758 0.3857 0.3502 0.3157 0.4703 0.3563 0.3189 0.3221 0.3623 -1.86
Revenue, bln $
0.0642 0.0682 0.0694 0.074 0.092 0.1042 0.1014 0.0784 0.1901 0.1901 0.1132 15.62
Net profit, bln $
0.023 0.0231 0.0285 0.0287 0.0327 0.0496 0.0464 0.0241 0.0241 0.0241 0.0354 -5.92
EV, bln $
0.3036 0.3847 0.4919 0.6017 0.4581 0.7011 0.6814 0.7388 0.3804 0.3804 0.5920 -3.65
EBIT, bln $
0.0374 0.0408 0.0494 0.0578 0.068 0.0588 0.0751 0.0594 0.0298 0.091 0.0582 -15.21
EBITDA, bln $
0.0363 0.0383 0.0419 0.0642 0.0731 0.0622 0.0787 0.0609 0.0316 0.0019 0.0613 -15.44
OIBDA $
0.0515 0.0777 0.1055 0.0449 0.0699 -3.37
Book value, bln $
0.1654 0.1781 0.1697 0.1848 0.2037 0.2378 0.2111 0.225 0.2279 0.2279 0.2211 2.27
FCF, bln $
0.0174 0.0283 0.0345 0.0359 0.04 0.0491 0.0381 -0.0111 0.0398 0.0398 0.0312 -0.10
Operating Cash Flow, bln $
0.0302 0.0294 0.0347 0.037 0.0423 0.0579 0.0594 0.0252 0.0398 0.0398 0.0449 -1.21
Operating profit, bln $
0.033 0.0364 0.0351 0.0357 0.0341 0.0509 0.091 0.0374 0.189 0.189 0.0805 40.85
Operating expenses, bln $
0.04 0.045 0.057 0.071 0.0018 0.0018 0.000874 0.041 0.001 0.001 0.0093 -11.09
CAPEX, bln $
0.0128 0.0011 0.00021 0.001 0.0023 0.0087 0.0213 0.0364 0.0261 0.0261 0.0190 62.55


Balance sheet

2003 2004 2005 2006 2007 2008 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Average for 5 years CAGR 5
Cash, bln $
0.0409 0.035 0.0464 0.0378 0.0777 0.0176 0.0265 0.0654 0.0288 0.0288 0.0432 -18.00
Short-Term Investments $
0.2606 0.4442 0.4538 0.3986 0.4206 0.7588 0.6641 0.6239 0.5446 0.5446 0.6024 5.30
Long-Term Investments $
1.22 1.28 1.43 1.54 1.71 1.92 2.25 0.7588 0.6641 0.6239 1.24 -20.13
Accounts Receivable $
0.0053 0.0073 0.0076 0.0071 0.0112 0.0089 0.012 0.0136 0.0128 0.0128 0.0117 2.71
Total Current Assets $
0.3069 0.4865 0.5089 0.4435 0.5095 0.7853 0.701 0.6707 0.5861 0.5861 0.6505 2.84
Net assets, bln $
0.0116 0.0233 0.023 0.191 0.2118 0.2237 0.2603 0.0531 0.217 0.0531 0.1932 0.49
Assets, bln $
1.85 2.11 2.3 2.47 3.19 3.5 3.61 3.83 4.01 4.01 3.63 4.68
Short-Term Debt $
0.0218 0.0097 0.000545 0.027 0.0014 0.027 0.1293 0.2 0.4711 0.4711 0.1658 220.18
Long-Term Debt $
0.0255 0.0433 0.0475 0.0434 0.042 0.072 0.1309 0.4424 0.3926 0.3926 0.2160 56.37
Liabilities, bln $
1.69 1.94 2.11 2.26 2.96 3.24 3.4 3.6 3.79 3.79 3.40 5.07
Net debt, bln $
0.0942 0.0853 0.166 0.1849 0.1393 0.1794 0.2593 0.377 0.014 0.014 0.1938 -36.84
Debt, bln $
0.0352 0.0439 0.2124 0.2227 0.217 0.197 0.3309 0.4424 0.0427 0.0427 0.2460 -27.76
Interest Income $
0.0601 0.065 0.073 0.0848 0.0987 0.1002 0.1073 0.1233 0.1528 0.1165 9.13
Interest Expense, bln $
0.0079 0.013 0.0227 0.0322 0.0174 0.0122 0.0316 0.0913 0.1187 0.1187 0.0542 46.82
Net interest income, bln $
0.0542 0.0571 0.0601 0.0848 0.0987 0.1002 0.1073 0.1233 0.1528 0.1528 0.1165 9.13
Goodwill $
0.0169 0.0166 0.0271 0.0279 0.0271 0.0263 0.0250 9.64
Amortization, bln $
0.0053 0.0055 0.0064 0.0051 0.0034 0.0036 0.0015 0.0019 0.0037 0.0037 0.0028 1.71
Cost of production, bln $
0.0251 0.0125 0.000505 0.000496 0.000895 0.0011 0.000853 0.000542 0.0004 -0.092 -0.0178 -342.37
Inventory $
0.0031 -0.0822 -0.0553 -0.0551 0.0604 0.4077 0.2017 0.0385 0.6707 0.6707 0.2758 61.84


Share

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Average for 5 years CAGR 5
EPS 1.4 1.55 1.75 1.74 1.98 3 2.76 1.44 1.42 1.42 2.12 -6.43
Share price 26.65 21.9 23.92 19.97 31.34 21.52 21.2 21.65 18.83 18.83 22.91 -9.69
Number of shares, mln 16 16 16.3 16.48 16.52 16.79 16.8 16.75 16.9 16.9 16.75 0.46
FCF/share 1.09 1.77 2.12 2.18 2.42 2.97 2.27 -0.665 2.36 2.36 1.87 -0.50


Efficiency

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
ROE, % 13.92 12.95 15.45 14.24 15.02 20.5 19.68 11.07 10.62 10.62 -47.34 15.38 -6.70
ROA, % 1.24 1.09 1.29 1.2 1.16 1.48 1.3 0.6489 0.6135 0.6135 10.67 1.04 -11.96
ROIC, % 11.55 11.98 12.06 10.42 11.95 11.24 10.14 8.78 11.64 6.13 6.57 9.59 -11.42
ROS, % 72.5 83.28 91.88 63.91 72.1 45.75 30.79 12.65 12.65 12.65 26.44 34.79 -29.40
ROCE, % 24.69 27.75 2.55 26.64 13.34 15.61 1.74 1.28 39.93 39.93 -61.28 14.38 24.52
EBIT margin 47.82 44.77 60.03 58.57 37.99 47.88 47.88 33.41 49.85 1.35
EBITDA margin 59.6 61.53 92.43 98.73 67.6 75.57 60.05 40.36 0.9765 0.9765 37.49 48.91 -57.15
Net margin 35.82 33.85 41.07 38.77 35.57 47.61 45.75 30.79 12.65 12.65 26.43 34.47 -18.68
Operational efficiency, % 53.46 50.52 48.3 37.07 48.85 89.74 47.65 99.45 99.45 99.45 31.91 77.03 15.28
FCF yield, % 8.69 9.44 5.62 7.53 8.95 10.26 12.66 10.45 8.84 -3.49 7.74 -180.60


Coefficients

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
P/E
15.16 15.87 11.43 14.53 9.75 10.35 9.1 14.99 15.24 15.24 25.86 11.89 9.34
P/BV
2.11 2.06 1.5 1.89 1.41 2.01 2 1.61 1.61 1.61 -12.42 1.73 2.69
P/S
5.43 5.37 4.7 5.64 3.47 4.93 4.16 4.61 1.93 1.93 6.65 3.82 -11.07
P/FCF
12.94 8.32 11.16 7.9 10.65 11.31 8.45 -28.92 8.09 8.09 19.35 1.92 -5.35
E/P
0.0614 0.0739 0.0819 0.1036 0.1055 0.1076 0.0757 0.0749 0.0747 0.0747 0.05 0.0877 -6.67
EV/EBIT
16.83 11.07 11.14 11.47 24.8 9.81 4.18 4.18 20.36 12.28 -17.80
EV/EBITDA
7.16 8.71 8.94 7.67 8.24 7.37 8.8 11.19 23.35 480.86 17.58 11.79 23.16
EV/S
5.6 5.93 7.21 5.03 7.43 6.72 9.42 2 2 2 6.87 5.51 -23.09
EV/FCF
13.59 11.98 15.01 11.62 15.86 17.87 -66.33 9.56 9.56 9.56 24.70 -2.6960 -9.63
Debt/EBITDA
0.7989 3.31 3.05 3.49 2.5 5.43 13.98 492.18 23.03 23.03 1.93 107.42 55.91
Netdebt/Ebitda
0.21 0.68 0.17 -0.19 2.7 4.26 11.91 285.93 7.54 7.54 0.97 62.47 22.80
Debt/Ratio
0.92 0.92 0.91 0.93 0.93 0.0916 0.1156 0.0106 0.0106 0.0106 0.40 0.2317 -59.13
Debt/Equity
10.87 11.02 10.68 13.24 12.45 1.57 1.97 0.1875 16.62 16.62 -1.48 6.56 5.95
Debt/Net Income
1.9 2.61 7.9 6.93 6.58 7.13 18.33 1.78 1.78 1.78 3.28 7.12 -23.01
PEG
19.26 19.26 2.52 19.26 0.00
Beta
0.86 1.47 0.9175 -0.1979 -0.1979 0.34 0.7624 -169.26
Altman Index
-0.47 -0.51 -0.52 -0.76 -0.47 0 0.3347 0.2493 2.47 2.47 42.85 0.3648 -226.58


Dividends

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Industry average Average for 5 years CAGR 5
Div. payout, bln
0.01 0.0108 0.0127 0.0136 0.0138 0.0155 0.0166 0.0167 0.0168 0.0166 0.0159 4.01
Dividend
0.71 0.78 0.83 0.84 0.94 1 1 1 0.25 1 0.8380 -23.27
Dividend yield, %
2.66 3.8 3.42 4.21 3 4.77 5.38 4.56 5.13 4.86 1.81 4.57 11.33
Dividends / profit, %
46.92 49.84 44.53 47.33 42.23 31.33 35.82 69.2 69.88 69.88 56.58 49.69 10.60
Dividend coverage ratio
1.45 1.45 32.92 1.45 0.00


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Other

2020 2021 2022 2023 2024 LTM CAGR 5
CAPEX/Revenue, %
2.51 8.34 21.01 46.41 13.75 13.75 40.52
Staff, people
167 173 181 2.72