Overview Dividends

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

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

Trade Finance, Syndicated Credits, Letters Of Credit, Guarantees, Leasing

EPS (Earnings per Share)

EPS Growth (3y CAGR): 22.23%
EPS Trend (3y Corr): 89.6%

Last SUE: 4.00σ
Qual. Beats: 5

Revenue

Revenue Growth (3y CAGR): 64.49%
Revenue Trend (3y Corr): 64.2%

Last SUE: 4.00σ
Qual. Beats: 9

Risk via 10d forecast
Volatility	25.5%
Value at Risk 5%th	39.7%
Relative Tail Risk	-5.32%

Reward TTM
Sharpe Ratio	1.26
Alpha	29.25

Character TTM
Hurst Exponent	0.585
Beta	0.764
Beta Downside	0.870

Drawdowns 3y
Max DD	21.01%
Mean DD	4.10%
Median DD	3.12%

Description: BLX Foreign Trade Bank of Latin November 13, 2025

Banco Latinoamericano de Comercio Exterior (BLX) is a Panama-based multinational bank that finances foreign trade and economic integration across Latin America and the Caribbean. It operates two primary segments-Commercial and Treasury-accepts deposits, and provides a suite of credit products including bilateral loans, syndicated facilities, letters of credit, factoring, vendor financing, and leasing, as well as investment-management services.

Key data points to watch: (1) BLX’s loan-to-deposit ratio has hovered around 85% in the last twelve months, indicating a balanced funding profile; (2) its exposure to commodity-linked trade finance means earnings are sensitive to regional export volumes, which have risen ~4% YoY in 2024 amid higher demand for agricultural products; and (3) the bank’s return on equity (ROE) has stabilized near 12% after a 2023 dip, reflecting improving asset quality and tighter risk controls.

For a deeper quantitative view, the ValueRay platform offers a granular breakdown of BLX’s risk-adjusted returns and peer comparisons.

BLX Stock Overview

Market Cap in USD	1,628m
Sub-Industry	Specialized Finance
IPO / Inception	1992-09-24
Return 12m vs S&P 500	25.2%
Analyst Rating	4.50 of 5

BLX Dividends

Metric	Value
Dividend Yield	5.61%
Yield on Cost 5y	23.00%
Yield CAGR 5y	15.21%
Payout Consistency	81.9%
Payout Ratio	41.6%

BLX Growth Ratios

Metric	Value
CAGR 3y	48.73%
CAGR/Max DD Calmar Ratio	2.32
CAGR/Mean DD Pain Ratio	11.87
Current Volume	123.7k
Average Volume	123.7k

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (222.4m TTM) > 0 and > 6% of Revenue (6% = 49.1m TTM)

FCFTA 0.09 (>2.0%) and ΔFCFTA 13.97pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -637.7% (prev -598.9%; Δ -38.81pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.09 (>3.0%) and CFO 1.07b > Net Income 222.4m (YES >=105%, WARN >=100%)

Net Debt (3.56b) to EBITDA (226.5m) ratio: 15.69 <= 3.0 (WARN <= 3.5)

Current Ratio 0.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (37.2m) change vs 12m ago 1.21% (target <= -2.0% for YES)

Gross Margin 35.90% (prev 50.57%; Δ -14.68pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 6.84% (prev 7.24%; Δ -0.40pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.44 (EBITDA TTM 226.5m / Interest Expense TTM 507.6m) >= 6 (WARN >= 3)

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 (Balance) 891.3m / Total Assets 12.50b

(D) 0.15 = Book Value of Equity 1.62b / Total Liabilities 10.85b

Total Rating: -2.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 60.87

1. Piotroski 4.0pt

2. FCF Yield 33.28%

3. FCF Margin data missing

4. Debt/Equity 2.16

5. Debt/Ebitda 15.69

6. ROIC - WACC (= -1.40)%

7. RoE 15.42%

8. Rev. Trend 64.24%

9. EPS Trend 89.60%

What is the price of BLX shares?

As of November 23, 2025, the stock is trading at USD 44.58 with a total of 123,715 shares traded.
Over the past week, the price has changed by +0.93%, over one month by -0.06%, over three months by -0.39% and over the past year by +40.63%.

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	24.5%
Analysts Target Price	55.5	24.5%
ValueRay Target Price	67.1	50.4%

BLX Fundamental Data Overview November 21, 2025

Market Cap USD = 1.63b (1.63b USD * 1.0 USD.USD)
P/E Trailing = 7.3733
P/S = 5.2748
P/B = 0.9913
P/EG = 1.58
Beta = 0.843
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)
FCF Yield = 33.28% (FCF TTM 1.07b / Enterprise Value 3.22b)
FCF Margin = 131.1% (FCF TTM 1.07b / 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 = 3.31 (Net Debt 3.56b / FCF TTM 1.07b)
Total Stockholder Equity = 1.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.78% (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 = 4.70% (E(1.63b)/V(5.18b) * Re(8.83%) + D(3.56b)/V(5.18b) * Rd(3.55%) * (1-Tc(0.21)))
Discount Rate = 8.83% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.94%
[DCF Debug] Terminal Value 66.98% ; FCFE base≈1.07b ; Y1≈704.2m ; Y5≈322.0m
Fair Price DCF = 193.6 (DCF Value 5.56b / Shares Outstanding 28.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 89.60 | EPS CAGR: 22.23% | SUE: 4.0 | # QB: 5
Revenue Correlation: 64.24 | Revenue CAGR: 64.49% | SUE: 4.0 | # QB: 9

Additional Sources for BLX Stock

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