Banco Latinoamericano De Comercio (BLX) AI Stock Analysis

• Market Cap: $1.60B
• Dividend Yield: 5.21%
• Average Volume (3M): 121.25K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 0.69
• Revenue Growth: 3.46%
• EPS Growth: 12.88%
• Country: US
• Employees: 175
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.73
• Shares Outstanding: 28,736,597
• 10 Day Avg. Volume: 128,368
• 30 Day Avg. Volume: 121,250
• PEG Ratio: 0.28
• Price to Book (P/B): 0.98
• Price to Sales (P/S): 1.61
• P/FCF Ratio: -1.16
• Enterprise Value/Market Cap: 2.19
• Enterprise Value/Revenue: 4.27
• Enterprise Value/Gross Profit: 12.00
• Enterprise Value/Ebitda: 15.58
• 1Y Price Target: $54.00
• Price Target Upside: 20.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: $54.00 ▲(20.00% Upside)

Banco Latinoamericano De Comercio's strong earnings performance and attractive valuation are the most significant factors driving the score. The technical indicators support a bullish outlook, while financial performance is tempered by high leverage and cash flow concerns. The positive earnings call further reinforces confidence in the company's future prospects.

Banco Latinoamericano De Comercio Business Overview & Revenue Model

Company Description

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets, as well as co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. The company also provides treasury solutions, including term deposits and private placements. It primarily serves financial institutions, corporations, and sovereigns and state-owned entities. The company was formerly known as Banco Latinoamericano de Exportaciones, S.A. and changed its name to Banco Latinoamericano de Comercio Exterior, S. A. in June 2009. Banco Latinoamericano de Comercio Exterior, S. A. was founded in 1977 and is headquartered in Panama City, the Republic of Panama.

How the Company Makes Money

BLX generates revenue through various financial services, primarily by charging interest on loans and financing solutions provided to businesses involved in international trade. The bank's key revenue streams include interest income from trade finance products, fees for transaction services, and commissions associated with advisory services. Additionally, BLX may engage in partnerships with private and public sector entities to broaden its service offerings and leverage additional funding sources, which can contribute to its earnings. The bank's focus on SMEs, coupled with its strategic initiatives to support regional economic development, helps it to maintain a steady flow of revenue.

Banco Latinoamericano De Comercio Financial Statement Overview

Summary

Banco Latinoamericano De Comercio shows strong revenue growth and profitability with robust net profit margins. However, the high leverage and negative cash flow pose risks, requiring careful management and improvement in cash flow generation.

Income Statement

Banco Latinoamericano De Comercio shows a strong TTM revenue growth of 182.6% from the previous year's figures, driven by a significant increase in total revenue. The gross profit margin for TTM is 33.9%, and the net profit margin is 25.5%, indicating healthy profitability. EBIT and EBITDA margins are also robust at 26.5% and 25.9% respectively. The company’s income statement reflects strong financial health with an upward trend in revenue and profitability metrics.

Balance Sheet

The balance sheet reveals a relatively high debt-to-equity ratio of 3.27, indicating considerable leverage, which is typical in the banking industry but may pose risks if not managed well. The return on equity (ROE) is strong at 15.1% for TTM, suggesting effective utilization of equity to generate profits. The equity ratio is 11.1%, which is low, reflecting the high leverage. Overall, the balance sheet shows a stable yet highly leveraged position.

Cash Flow

The cash flow statement indicates ongoing challenges with negative free cash flow and operating cash flow in TTM. However, there is improvement from the prior year, as free cash flow grew by 29.9%. The operating cash flow to net income ratio is negative due to negative operating cash flow, reflecting potential liquidity strain. The company needs to address its cash flow issues to enhance financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	818.52M	810.60M	683.41M	330.75M	155.74M	188.18M
Gross Profit	291.36M	284.78M	209.87M	126.61M	101.64M	99.66M
EBITDA	224.39M	209.44M	169.25M	94.75M	66.19M	67.93M
Net Income	220.41M	205.87M	166.16M	92.04M	62.70M	63.59M
Balance Sheet
Total Assets	12.67B	11.86B	10.74B	9.28B	8.04B	6.29B
Cash, Cash Equivalents and Short-Term Investments	2.07B	2.06B	1.99B	1.24B	1.25B	863.81M
Total Debt	3.99B	4.58B	4.68B	6.63B	3.75B	1.99B
Total Liabilities	11.26B	10.52B	9.54B	8.21B	7.05B	5.25B
Stockholders Equity	1.42B	1.34B	1.20B	1.07B	991.79M	1.04B
Cash Flow
Free Cash Flow	140.10M	-1.13B	248.65M	-772.37M	-872.52M	1.25B
Operating Cash Flow	143.32M	-1.13B	250.75M	-769.65M	-871.71M	1.25B
Investing Cash Flow	-222.61M	-180.02M	-12.77M	-166.66M	-446.08M	-319.90M
Financing Cash Flow	189.09M	1.14B	964.22M	916.25M	1.58B	-1.24B

Banco Latinoamericano De Comercio Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLX, the sentiment is Positive. The current price of 45 is below the 20-day moving average (MA) of 46.91, above the 50-day MA of 44.83, and above the 200-day MA of 39.45, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 44.13 is Neutral, neither overbought nor oversold. The STOCH value of 15.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLX.

Banco Latinoamericano De Comercio Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PFBC	79 Outperform	$1.20B	9.47	16.92%	3.29%	-2.96%	-6.62%
BLX	76 Outperform	$1.60B	7.71	16.45%	5.21%	3.46%	12.88%
OFG	75 Outperform	$1.90B	10.07	14.59%	2.71%	4.15%	4.39%
CCB	74 Outperform	$1.67B	33.45	10.31%	―	9.22%	18.60%
SUPV	70 Outperform	$469.71M	6.41	15.22%	3.99%	-55.30%	-64.02%
BY	57 Neutral	$1.26B	10.27	9.98%	1.43%	2.23%	-1.13%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Banco Latinoamericano De Comercio Corporate Events

Bladex Successfully Launches $200 Million AT1 Notes Offering

On September 12, 2025, Bladex announced the successful launch of its inaugural US$200 million Additional Tier 1 (AT1) capital offering in the international markets. The offering, which was more than three times oversubscribed, reflects strong global investor demand and confidence in Bladex’s strategic vision. This issuance is a significant milestone for Bladex, as it optimizes the bank’s capital structure and supports its long-term growth strategy by strengthening its capital base. The proceeds will be used to support future loan growth and maintain capitalization levels above regulatory requirements, reinforcing Bladex’s position as a trusted regional partner in trade finance.

Banco Latinoamericano Reports Strong Asset Growth in Mid-2025 Financials

Banco Latinoamericano de Comercio Exterior, S.A. released its unaudited interim condensed consolidated financial statements for the period ending June 30, 2025. The report highlights a significant increase in total assets from $11.86 billion in December 2024 to $12.67 billion by June 2025, driven by growth in loans and customer deposits. This financial performance underscores the bank’s strengthened position in the Latin American trade finance sector, indicating robust operational momentum and potential positive implications for stakeholders.

Bladex Reports Strong 2Q25 Financial Results with Record Profits

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) reported a net profit of $64.2 million for the second quarter of 2025, marking a 28% increase year-over-year. The bank achieved an annualized return on equity of 18.5%, driven by strong revenue growth and efficient operations. Bladex’s credit portfolio reached an all-time high, supported by robust credit demand and strategic investments. The bank’s financial performance reflects its successful strategy execution and solid market positioning, with implications for continued growth and stability.

Bladex Declares Second Quarter 2025 Dividend

On August 4, 2025, Bladex announced the approval of a quarterly cash dividend of $0.625 per share for the second quarter of 2025, payable on September 3, 2025, to stockholders on record as of August 15, 2025. This decision reflects the bank’s ongoing commitment to providing value to its shareholders and underscores its stable financial position, supported by its extensive regional presence and diverse shareholder base.