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Banco Latinoamericano de Comercio Exterior

DB:D8Q
Snowflake Description

High growth potential, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D8Q
DB
$783M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
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 last earnings update was 72 days ago. More info.


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D8Q Share Price and Events
7 Day Returns
0.6%
DB:D8Q
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
0.2%
DB:D8Q
1.4%
DE Diversified Financial
2.6%
DE Market
D8Q Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Banco Latinoamericano de Comercio Exterior (D8Q) 0.6% -1.3% -3.3% 0.2% -30.9% -25.9%
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • D8Q underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • D8Q underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
D8Q
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Banco Latinoamericano de Comercio Exterior undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Banco Latinoamericano de Comercio Exterior to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Banco Latinoamericano de Comercio Exterior.

DB:D8Q Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $25.83 * 7.4%
$1.91
Book Value of Equity per Share Median Book Value from the past 5 years. $25.83
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:D8Q
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (313.62%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.859 * 5.96%)
5.35%

Discounted Cash Flow Calculation for DB:D8Q using Excess Returns Model Model

The calculations below outline how an intrinsic value for Banco Latinoamericano de Comercio Exterior is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:D8Q Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.4% – 5.35%) * $25.83)
$0.53
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.53 / (5.35% - 0.23%)
$10.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.83 + $10.31
$36.14
DB:D8Q Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:D8Q represents 0.88563x of NYSE:BLX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88563x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 36.14 x 0.88563
€32.01
Value per share (EUR) From above. €32.01
Current discount Discount to share price of €17.50
= -1 x (€17.50 - €32.01) / €32.01
45.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Banco Latinoamericano de Comercio Exterior is available for.
Intrinsic value
45%
Share price is €17.5 vs Future cash flow value of €32.01
Current Discount Checks
For Banco Latinoamericano de Comercio Exterior to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Banco Latinoamericano de Comercio Exterior's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Banco Latinoamericano de Comercio Exterior's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Banco Latinoamericano de Comercio Exterior's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Banco Latinoamericano de Comercio Exterior's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D8Q PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.60
NYSE:BLX Share Price ** NYSE (2019-10-11) in USD $19.76
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Banco Latinoamericano de Comercio Exterior.

DB:D8Q PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BLX Share Price ÷ EPS (both in USD)

= 19.76 ÷ 0.60

33.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Latinoamericano de Comercio Exterior is overvalued based on earnings compared to the DE Diversified Financial industry average.
  • Banco Latinoamericano de Comercio Exterior is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Banco Latinoamericano de Comercio Exterior's expected growth come at a high price?
Raw Data
DB:D8Q PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
33.9%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:D8Q PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.21x ÷ 33.9%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Latinoamericano de Comercio Exterior is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Banco Latinoamericano de Comercio Exterior's assets?
Raw Data
DB:D8Q PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $25.31
NYSE:BLX Share Price * NYSE (2019-10-11) in USD $19.76
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:D8Q PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BLX Share Price ÷ Book Value per Share (both in USD)

= 19.76 ÷ 25.31

0.78x

* Primary Listing of Banco Latinoamericano de Comercio Exterior.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Banco Latinoamericano de Comercio Exterior is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Banco Latinoamericano de Comercio Exterior's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Banco Latinoamericano de Comercio Exterior has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Banco Latinoamericano de Comercio Exterior expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Banco Latinoamericano de Comercio Exterior expected to grow at an attractive rate?
  • Banco Latinoamericano de Comercio Exterior's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Banco Latinoamericano de Comercio Exterior's earnings growth is expected to exceed the Germany market average.
  • Banco Latinoamericano de Comercio Exterior's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:D8Q Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D8Q Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 33.9%
DB:D8Q Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 24.6%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:D8Q Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D8Q Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 170 104 1
2020-12-31 151 97 1
2019-12-31 138 89 1
2019-10-12
DB:D8Q Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 74 50 24
2019-03-31 72 -224 18
2018-12-31 70 -216 11
2018-09-30 69 -277 11
2018-06-30 123 104 72
2018-03-31 121 615 73
2017-12-31 127 590 82
2017-09-30 120 1,132 75
2017-06-30 128 1,051 82
2017-03-31 133 979 87
2016-12-31 133 777 87
2016-09-30 144 550 97

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Banco Latinoamericano de Comercio Exterior's earnings are expected to grow significantly at over 20% yearly.
  • Banco Latinoamericano de Comercio Exterior's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:D8Q Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Banco Latinoamericano de Comercio Exterior Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D8Q Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.61 2.61 2.61 1.00
2020-12-31 2.44 2.44 2.44 1.00
2019-12-31 2.23 2.23 2.23 1.00
2019-10-12
DB:D8Q Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.60
2019-03-31 0.45
2018-12-31 0.28
2018-09-30 0.28
2018-06-30 1.83
2018-03-31 1.85
2017-12-31 2.09
2017-09-30 1.90
2017-06-30 2.10
2017-03-31 2.22
2016-12-31 2.23
2016-09-30 2.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Banco Latinoamericano de Comercio Exterior is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Banco Latinoamericano de Comercio Exterior's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Banco Latinoamericano de Comercio Exterior has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Banco Latinoamericano de Comercio Exterior performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Banco Latinoamericano de Comercio Exterior's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Banco Latinoamericano de Comercio Exterior's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Banco Latinoamericano de Comercio Exterior's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Banco Latinoamericano de Comercio Exterior's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
Banco Latinoamericano de Comercio Exterior's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Banco Latinoamericano de Comercio Exterior Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D8Q Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 74.31 23.53 27.12
2019-03-31 72.37 17.89 26.99
2018-12-31 70.05 11.14 30.40
2018-09-30 68.69 11.00 30.55
2018-06-30 122.78 72.18 31.25
2018-03-31 120.65 73.04 32.97
2017-12-31 126.67 82.00 29.68
2017-09-30 119.97 74.74 29.31
2017-06-30 127.85 82.27 29.69
2017-03-31 133.01 87.07 26.79
2016-12-31 132.72 87.05 27.88
2016-09-30 144.26 96.93 26.00
2016-06-30 149.25 106.31 28.41
2016-03-31 138.12 97.55 32.11
2015-12-31 151.29 103.98 33.39
2015-09-30 164.69 112.32 41.39
2015-06-30 160.60 101.55 41.71
2015-03-31 171.36 108.72 42.03
2014-12-31 159.80 102.37 34.43
2014-09-30 144.23 94.71 37.81
2014-06-30 137.59 90.94 38.09
2014-03-31 141.51 91.95 38.88
2013-12-31 134.77 84.76 38.46
2013-09-30 141.00 85.52 40.91
2013-06-30 134.77 75.83 41.05
2013-03-31 128.67 77.51 40.04
2012-12-31 144.19 93.71 39.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Banco Latinoamericano de Comercio Exterior has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Banco Latinoamericano de Comercio Exterior used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Banco Latinoamericano de Comercio Exterior improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Banco Latinoamericano de Comercio Exterior's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Banco Latinoamericano de Comercio Exterior has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Banco Latinoamericano de Comercio Exterior's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Banco Latinoamericano de Comercio Exterior's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Banco Latinoamericano de Comercio Exterior's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Banco Latinoamericano de Comercio Exterior's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Banco Latinoamericano de Comercio Exterior's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Banco Latinoamericano de Comercio Exterior Company Filings, last reported 3 months ago.

DB:D8Q Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,002.52 2,433.96 870.53
2019-03-31 996.93 2,550.22 801.57
2018-12-31 993.59 3,592.26 1,741.55
2018-09-30 988.95 2,727.72 789.39
2018-06-30 1,047.38 2,248.21 676.66
2018-03-31 1,046.74 1,962.66 577.71
2017-12-31 1,042.81 2,246.51 657.66
2017-09-30 1,031.74 2,120.54 784.17
2017-06-30 1,024.14 2,006.74 794.14
2017-03-31 1,018.91 2,819.28 1,247.20
2016-12-31 1,011.31 3,306.52 1,047.69
2016-09-30 1,010.87 3,099.92 749.03
2016-06-30 992.27 3,392.98 955.97
2016-03-31 983.04 3,536.14 881.40
2015-12-31 971.93 4,456.23 1,382.32
2015-09-30 961.78 3,873.64 889.24
2015-06-30 950.42 4,026.67 968.91
2015-03-31 941.51 4,360.01 932.63
2014-12-31 911.04 4,433.05 842.68
2014-09-30 908.98 3,713.33 640.57
2014-06-30 896.36 3,716.76 749.53
2014-03-31 934.85 3,663.40 587.54
2013-12-31 907.85 4,154.04 845.90
2013-09-30 905.74 3,802.43 891.04
2013-06-30 896.02 3,442.79 620.79
2013-03-31 847.32 3,410.72 605.82
2012-12-31 829.86 3,556.99 717.02
  • Banco Latinoamericano de Comercio Exterior's level of debt (242.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (414.6% vs 242.8% today).
  • Debt is not well covered by operating cash flow (2.1%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Banco Latinoamericano de Comercio Exterior's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Banco Latinoamericano de Comercio Exterior's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Banco Latinoamericano de Comercio Exterior has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Banco Latinoamericano de Comercio Exterior's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.79%
Current annual income from Banco Latinoamericano de Comercio Exterior dividends. Estimated to be 7.24% next year.
If you bought €2,000 of Banco Latinoamericano de Comercio Exterior shares you are expected to receive €156 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Banco Latinoamericano de Comercio Exterior's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Banco Latinoamericano de Comercio Exterior's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:D8Q Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:D8Q Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.21 1.00
2020-12-31 1.54 1.00
2019-12-31 1.54 1.00
2019-10-12
DB:D8Q Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-19 1.540 7.847
2019-05-16 1.540 7.505
2019-04-17 1.540 7.223
2019-02-28 1.540 7.581
2018-10-25 1.540 8.712
2018-07-20 1.540 7.147
2018-04-20 1.540 5.869
2018-01-17 1.540 5.360
2017-10-18 1.540 5.353
2017-07-19 1.540 5.591
2017-04-19 1.540 5.549
2017-01-18 1.540 5.557
2016-10-19 1.540 5.396
2016-07-20 1.540 5.465
2016-04-13 1.540 5.866
2016-01-28 1.540 6.821
2015-10-13 1.540 5.942
2015-07-14 1.540 6.072
2015-04-16 1.540 4.886
2014-12-09 1.540 4.992
2014-10-14 1.400 4.328
2014-07-15 1.400 4.496
2014-04-16 1.400 5.106
2013-12-10 1.400 5.321
2013-10-16 1.200 4.541
2013-07-17 1.200 4.817
2013-04-17 1.200 5.204
2013-01-22 1.200 4.955
2012-10-16 1.200 5.556
2012-07-17 1.000 4.632
2012-04-17 1.000 4.929
2012-01-17 1.000 5.052
2011-10-19 0.800 4.949
2011-07-20 0.800 4.772
2011-04-21 0.800 4.593
2011-01-24 0.800 4.621
2010-10-12 0.680 4.062
2010-07-15 0.600 4.570
2010-04-15 0.600 4.458
2010-01-21 0.600 4.130
2009-10-14 0.600 4.240
2009-07-16 0.600 4.278
2009-04-20 0.600 4.734
2009-01-22 0.880 8.978
2008-10-14 0.880 7.972

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Banco Latinoamericano de Comercio Exterior's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Banco Latinoamericano de Comercio Exterior's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Banco Latinoamericano de Comercio Exterior afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Banco Latinoamericano de Comercio Exterior has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Banco Latinoamericano de Comercio Exterior's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Natalio Gabriel Tolchinsky
AGE 57
TENURE AS CEO 1.5 years
CEO Bio

Mr. Natalio Gabriel Tolchinsky has been Chief Executive Officer at Banco Latinoamericano de Comercio Exterior, SA since April 30, 2018. He was Director of Banco Latinoamericano de Comercio Exterior, SA since April 11, 2018 until July 16, 2019 was its Executive President. Prior to this. he served as Deputy Chief Executive Officer of Banco Latinoamericano de Comercio Exterior, S.A since February 2018 until April 2018. Mr. Tolchinsky joined Bladex as Chief Operating Officer and Executive Vice President in May 2017, after serving as an External Consultant since 2014. In 2013, he was a founding partner and Chief Administrative Officer of Maritime Finance Company Ltd., founded by KKR and specializing in maritime finance. Mr. Tolchinsky was also a founding partner of Helios Advisors LLC investment funds from 2002 to 2013, focused on commodity-related companies; FinAccess International Inc. from 2000 to 2002, a Mexican investment fund management company where he served as Chief Operating Officer; as well as a founding partner of Columbus Advisors LLC from 1995 to 2013), specializing in fixed income instruments in emerging markets, where he served as Portfolio and Risk Manager. He previously held various positions in investment banking on Wall Street, New York, from 1985 to 1995, including in fixed income markets as Sales and Distribution Directors for Emerging Markets at Merrill Lynch from 1991 to 1995. He was Producing Manager of Emerging Markets Fixed Income Sales at Merrill Lynch from 1991 to 1995. Mr. Tolchinsky holds a degree in Mathematical Sciences from Tel Aviv University, Israel, as well as a Master of Science (Operations Research) degree and a Master of Arts (Statistics) degree, both from Columbia University, New York, U.S.A.

CEO Compensation
  • Insufficient data for Natalio to compare compensation growth.
  • Insufficient data for Natalio to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Banco Latinoamericano de Comercio Exterior management team in years:

2.2
Average Tenure
46.5
Average Age
  • The tenure for the Banco Latinoamericano de Comercio Exterior management team is about average.
Management Team

Natalio Gabriel Tolchinsky

TITLE
Chief Executive Officer
AGE
57
TENURE
1.5 yrs

Ana Graciela de Méndez

TITLE
Executive VP of Finance & CFO
AGE
52
TENURE
1.8 yrs

Erica Lijtztain

TITLE
Executive VP & COO
AGE
47
TENURE
1.7 yrs

Irma Garrido Arango

TITLE
Senior Vice President of Corporate Development and Investor Relations

Jorge Luis Real

TITLE
Executive VP
AGE
46
TENURE
2.8 yrs

Alejandro Tizzoni

TITLE
Executive VP of Integrated Risk Management & Chief Risk Officer
AGE
42
TENURE
3.4 yrs

Alejandro Jaramillo

TITLE
Executive VP of Business & Chief Commercial Officer
AGE
43
TENURE
2.4 yrs

Jorge Córdoba

TITLE
Executive VP & Chief Audit Officer
AGE
45
TENURE
2 yrs

Eduardo Vivone

TITLE
Executive Vice President of Treasury & Capital Markets
AGE
54
TENURE
6.1 yrs
Board of Directors Tenure

Average tenure and age of the Banco Latinoamericano de Comercio Exterior board of directors in years:

2.8
Average Tenure
55
Average Age
  • The average tenure for the Banco Latinoamericano de Comercio Exterior board of directors is less than 3 years, this suggests a new board.
Board of Directors

Miguel Heras Castro

TITLE
Chairman of the Board
AGE
51
TENURE
0.3 yrs

Nicolas Ardito Barletta

TITLE
Honorary Chairman

Mario Covo

TITLE
Director
AGE
61
TENURE
20.8 yrs

Ricardo Manuel Arango Jiménez

TITLE
Director
AGE
59
TENURE
3.5 yrs

Herminio Alonso Blanco Mendoza

TITLE
Director
AGE
69
TENURE
15.8 yrs

João Carlos de Nóbrega Pecego

TITLE
Director
AGE
55
TENURE
9.8 yrs

Roland Holst

TITLE
Director
AGE
49
TENURE
1.9 yrs

Javier Antonio González Fraga

TITLE
Director
AGE
70
TENURE
2.8 yrs

José Alberto Garzón Gaitán

TITLE
Director
AGE
48
TENURE
2.5 yrs

Isela Angelica Costantini

TITLE
Director
AGE
48
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Banco Latinoamericano de Comercio Exterior's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Banco Latinoamericano de Comercio Exterior has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

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, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets. The company also provides treasury solutions. It primarily serves financial institutions, companies, and investors. 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.

Details
Name: Banco Latinoamericano de Comercio Exterior, S.A
D8Q
Exchange: DB
Founded: 1977
$708,199,581
39,602,276
Website: http://www.bladex.com
Address: Banco Latinoamericano de Comercio Exterior, S.A
Torre V, Business Park,
Ave. La Rotonda,
Panama City,
Panama
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BLX Class E Common Stock New York Stock Exchange US USD 24. Sep 1992
DB D8Q Class E Common Stock Deutsche Boerse AG DE EUR 24. Sep 1992
Number of employees
Current staff
Staff numbers
193
Banco Latinoamericano de Comercio Exterior employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:37
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/24
Last earnings filing: 2019/08/01
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.