(BLX) Foreign Trade Bank of Latin - Ratings and Ratios

Exchange: NYSE • Country: Panama • Currency: USD • Type: Common Stock • ISIN: PAP169941328

Trade, Loans, Guarantees, Leasing, Investments

Stock: Specialized Finance
Age 33.3y

MCap 1,628m
Avg Vol 118K (5.16M USD)

Beta 0.725
Volatility 27.07%

EPS (Earnings per Share)

EPS CAGR: -28.18%
EPS Trend: 32.6%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 66.98%
Rev. Trend: 83.2%

Last SUE: 4.00
Qual. Beats: 9

Dividends

Dividend Yield	6.01%
Yield on Cost 5y	21.97%
Yield CAGR 5y	25.74%
Payout Consistency	82.3%
Payout Ratio	41.6%

Risk via 5d forecast
Volatility	27.1%
Value at Risk 5%th	41.9%
Relative Tail Risk	-5.91%

Reward TTM
Sharpe Ratio	1.05
Alpha	16.17
CAGR/Max DD	2.40

Character TTM
Hurst Exponent	0.471
Beta	0.725
Beta Downside	0.802

Drawdowns 3y
Max DD	21.01%
Mean DD	4.32%
Median DD	3.46%

Description: BLX Foreign Trade Bank of Latin January 16, 2026

Banco Latinoamericano de Comercio Exterior (BLX) is a Panama-headquartered multinational bank that finances foreign-trade and economic integration across Latin America and the Caribbean. It operates through Commercial and Treasury segments, accepts deposits, and provides a suite of trade-finance products-including bilateral loans, syndicated credits, letters of credit, guarantees, factoring, vendor financing, and leasing-while also managing investment securities for a client base that spans financial institutions, corporates, sovereigns, and state-owned entities.

As of the latest filing, BLX reported total assets of roughly US$6.4 billion and a loan-to-deposit ratio of 78%, indicating a solid funding base. The bank’s net interest margin has hovered near 4.2% in 2023, supported by strong regional trade growth-Latin American intra-regional trade volumes rose about 5% year-over-year, boosting demand for structured trade financing. Additionally, BLX maintains a capital adequacy ratio of 15.1%**, well above the Basel III minimum, and its exposure is concentrated in commodities-linked sectors (e.g., oil, mining), making commodity price cycles a key driver of earnings volatility.

For a deeper quantitative view of BLX’s risk-adjusted performance, you might explore ValueRay’s analytics platform.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 222.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA 10.61 > 1.0
NWC/Revenue: -637.7% < 20% (prev -598.9%; Δ -38.81% < -1%)
CFO/TA 0.07 > 3% & CFO 834.3m > Net Income 222.4m
Net Debt (3.56b) to EBITDA (226.5m): 15.69 < 3
Current Ratio: 0.30 > 1.5 & < 3
Outstanding Shares: last quarter (37.2m) vs 12m ago 1.21% < -2%
Gross Margin: 35.90% > 18% (prev 0.51%; Δ 3539 % > 0.5%)
Asset Turnover: 6.84% > 50% (prev 7.24%; Δ -0.40% > 0%)
Interest Coverage Ratio: 0.44 > 6 (EBITDA TTM 226.5m / Interest Expense TTM 507.6m)

Altman Z'' -2.22

A: -0.42 (Total Current Assets 2.19b - Total Current Liabilities 7.40b) / Total Assets 12.50b
B: 0.07 (Retained Earnings 891.3m / Total Assets 12.50b)
C: 0.02 (EBIT TTM 222.4m / Avg Total Assets 11.95b)
D: 0.15 (Book Value of Equity 1.62b / Total Liabilities 10.85b)
Altman-Z'' Score: -2.22= D

Beneish M -2.81

DSRI: 0.89 (Receivables 108.4m/123.7m, Revenue 817.9m/826.7m)
GMI: 1.41 (GM 35.90% / 50.57%)
AQI: 0.99 (AQ_t 0.82 / AQ_t-1 0.83)
SGI: 0.99 (Revenue 817.9m / 826.7m)
TATA: -0.05 (NI 222.4m - CFO 834.3m) / TA 12.50b)
Beneish M-Score: -2.81 = A

ValueRay F-Score (Strict, 0-100) 60.53

1. Piotroski: 5.0pt
2. FCF Yield: 25.84%
3. FCF Margin: data missing
4. Debt/Equity: 2.16
5. Debt/Ebitda: 15.69
6. ROIC - WACC: -1.32%
7. RoE: 15.42%
8. Revenue Trend: 83.16%
9. EPS Trend: 32.63%

What is the price of BLX shares?

As of January 23, 2026, the stock is trading at USD 47.42 with a total of 358,834 shares traded.
Over the past week, the price has changed by +5.40%, over one month by +7.85%, over three months by +6.38% and over the past year by +32.88%.

Is BLX a buy, sell or hold?

Foreign Trade Bank of Latin has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy BLX.

Strong Buy: 1
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BLX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	55.5	17%
Analysts Target Price	55.5	17%
ValueRay Target Price	71.2	50.2%

BLX Fundamental Data Overview January 22, 2026

P/E Trailing = 7.3733
P/S = 5.3513
P/B = 1.0182
P/EG = 1.58
Revenue TTM = 817.9m USD
EBIT TTM = 222.4m USD
EBITDA TTM = 226.5m USD
Long Term Debt = 2.34b USD (from longTermDebt, last quarter)
Short Term Debt = 139.4m USD (from shortTermDebt, last quarter)
Debt = 3.56b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.56b USD (from netDebt column, last quarter)
Enterprise Value = 3.22b USD (1.63b + Debt 3.56b - CCE 1.96b)
Interest Coverage Ratio = 0.44 (Ebit TTM 222.4m / Interest Expense TTM 507.6m)
EV/FCF = 3.87x (Enterprise Value 3.22b / FCF TTM 832.9m)
FCF Yield = 25.84% (FCF TTM 832.9m / Enterprise Value 3.22b)
FCF Margin = 101.8% (FCF TTM 832.9m / Revenue TTM 817.9m)
Net Margin = 27.19% (Net Income TTM 222.4m / Revenue TTM 817.9m)
Gross Margin = 35.90% ((Revenue TTM 817.9m - Cost of Revenue TTM 524.3m) / Revenue TTM)
Gross Margin QoQ = 36.50% (prev 39.23%)
Tobins Q-Ratio = 0.26 (Enterprise Value 3.22b / Total Assets 12.50b)
Interest Expense / Debt = 3.55% (Interest Expense 126.3m / Debt 3.56b)
Taxrate = 21.0% (US default 21%)
NOPAT = 175.7m (EBIT 222.4m * (1 - 21.00%))
Current Ratio = 0.30 (Total Current Assets 2.19b / Total Current Liabilities 7.40b)
Debt / Equity = 2.16 (Debt 3.56b / totalStockholderEquity, last quarter 1.65b)
Debt / EBITDA = 15.69 (Net Debt 3.56b / EBITDA 226.5m)
Debt / FCF = 4.27 (Net Debt 3.56b / FCF TTM 832.9m)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.86% (Net Income 222.4m / Total Assets 12.50b)
RoE = 15.42% (Net Income TTM 222.4m / Total Stockholder Equity 1.44b)
RoCE = 5.88% (EBIT 222.4m / Capital Employed (Equity 1.44b + L.T.Debt 2.34b))
RoIC = 3.30% (NOPAT 175.7m / Invested Capital 5.33b)
WACC = 4.62% (E(1.63b)/V(5.18b) * Re(8.59%) + D(3.56b)/V(5.18b) * Rd(3.55%) * (1-Tc(0.21)))
Discount Rate = 8.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.94%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈832.9m ; Y1≈546.7m ; Y5≈249.5m
Fair Price DCF = 152.9 (EV 7.95b - Net Debt 3.56b = Equity 4.39b / Shares 28.7m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 32.63 | EPS CAGR: -28.18% | SUE: 0.0 | # QB: 0
Revenue Correlation: 83.16 | Revenue CAGR: 66.98% | SUE: 4.0 | # QB: 9
EPS next Year (2026-12-31): EPS=6.67 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+7.6% | Growth Revenue=+6.6%

Additional Sources for BLX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle