Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↓
19.94
↓-32% vs avg
5yr avg: 29.48
30Y Low17.2·High63.6
P/FCF
↑
6.12
↑+130% vs avg
5yr avg: 2.66
30Y Low0.5·High33.8
P/B Ratio
↑
1.35
↑+72% vs avg
5yr avg: 0.78
30Y Low0.2·High2.0
ROE
↑
15.0%
↓+23% vs avg
5yr avg: 12.2%
30Y Low-56%·High24%
Debt/EBITDA
↓
18.42
↓-47% vs avg
5yr avg: 34.91
30Y Low18.4·High50.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BLX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Banco Latinoamericano de Comercio Exterior, S. A. trades at 10.0x earnings, 40% above its 5-year average of 7.1x, sitting at the 64th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 27%. On a free-cash-flow basis, the stock trades at 6.1x P/FCF, 130% above the 5-year average of 2.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.7B | $1.3B | $903M | $588M | $644M | $628M | $846M | $684M | $1.1B | $1.2B |
| Enterprise Value | $4.5B | $3.9B | $3.9B | $3.5B | $4.1B | $3.1B | $1.8B | $2.8B | $2.5B | $2.6B | $3.3B |
| P/E Ratio → | 9.98 | 7.30 | 6.35 | 5.44 | 6.38 | 10.25 | 9.89 | 9.85 | 61.79 | 12.93 | 13.26 |
| P/S Ratio | 6.68 | 4.88 | 1.61 | 1.32 | 1.78 | 4.14 | 3.34 | 2.92 | 3.14 | 4.50 | 5.16 |
| P/B Ratio | 1.35 | 0.99 | 0.98 | 0.75 | 0.55 | 0.65 | 0.60 | 0.83 | 0.69 | 1.01 | 1.14 |
| P/FCF | 6.12 | 4.47 | — | 0.85 | — | — | 0.50 | — | — | 1.49 | 1.49 |
| P/OCF | 6.07 | 4.43 | — | 0.85 | — | — | 0.50 | — | — | 1.48 | 1.47 |
P/E links to full P/E history page with 30-year chart
BLX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Banco Latinoamericano de Comercio Exterior, S. A.'s enterprise value stands at 19.9x EBITDA, 32% below its 5-year average of 29.5x. The Financial Services sector median is 11.4x, placing the stock at a 75% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.52 | 4.85 | 5.17 | 12.34 | 20.16 | 9.35 | 9.70 | 11.47 | 11.05 | 14.90 |
| EV / EBITDA | 19.94 | 17.24 | 18.75 | 20.88 | 43.06 | 47.45 | 25.90 | 31.32 | 183.63 | 30.77 | 37.38 |
| EV / EBIT | 19.94 | 17.24 | 19.08 | 21.27 | 44.33 | 50.09 | 27.67 | 32.61 | 224.16 | 31.68 | 38.27 |
| EV / FCF | — | 10.55 | — | 3.33 | — | — | 1.41 | — | — | 3.66 | 4.29 |
BLX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Banco Latinoamericano de Comercio Exterior, S. A. earns an operating margin of 66.8%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 24.3% to 66.8% over the past 3 years, signaling improving operational efficiency. ROE of 15.0% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 2.9% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.5% | 93.5% | 35.1% | 30.7% | 38.3% | 65.3% | 53.0% | 43.3% | 31.6% | 50.6% | 43.7% |
| Operating Margin | 66.8% | 66.8% | 25.4% | 24.3% | 27.8% | 40.3% | 33.8% | 29.7% | 5.1% | 34.9% | 38.9% |
| Net Profit Margin | 66.8% | 66.8% | 25.4% | 24.3% | 27.8% | 40.3% | 33.8% | 29.7% | 5.1% | 34.9% | 38.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.0% | 15.0% | 16.2% | 14.6% | 8.9% | 6.2% | 6.2% | 8.6% | 1.1% | 8.0% | 8.8% |
| ROA | 1.8% | 1.8% | 1.8% | 1.7% | 1.1% | 0.9% | 0.9% | 1.2% | 0.2% | 1.2% | 1.1% |
| ROIC | 2.9% | 2.9% | 2.6% | 2.1% | 1.3% | 1.2% | 1.3% | 1.5% | 0.2% | 1.6% | 1.4% |
| ROCE | 2.7% | 2.7% | 4.8% | 4.3% | 2.8% | 2.2% | 1.5% | 2.1% | 0.5% | 3.2% | 3.0% |
BLX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Banco Latinoamericano de Comercio Exterior, S. A. carries a Debt/EBITDA ratio of 18.4x, which is highly leveraged (332% above the sector average of 4.3x). Net debt stands at $2.3B ($4.2B total debt minus $1.9B cash). Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.49 | 2.49 | 3.43 | 3.89 | 4.43 | 3.78 | 1.92 | 3.09 | 3.58 | 2.12 | 3.21 |
| Debt / EBITDA | 18.42 | 18.42 | 21.89 | 27.64 | 49.96 | 56.65 | 29.38 | 35.02 | 261.71 | 26.20 | 36.43 |
| Net Debt / Equity | — | 1.34 | 1.96 | 2.19 | 3.27 | 2.52 | 1.09 | 1.93 | 1.82 | 1.48 | 2.15 |
| Net Debt / EBITDA | 9.94 | 9.94 | 12.51 | 15.55 | 36.85 | 37.72 | 16.66 | 21.87 | 133.32 | 18.24 | 24.43 |
| Debt / FCF | — | 6.08 | — | 2.48 | — | — | 0.91 | — | — | 2.17 | 2.80 |
| Interest Coverage | 0.46 | 0.46 | 0.39 | 0.37 | 0.50 | 1.16 | 0.72 | 0.52 | 0.07 | 0.77 | 0.96 |
BLX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Banco Latinoamericano de Comercio Exterior, S. A.'s current ratio of 14.75x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.33x to 14.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 14.75 | 14.75 | 0.30 | 0.33 | 0.23 | 0.25 | 0.25 | 0.76 | 0.36 | 0.18 | 0.26 |
| Quick Ratio | 14.75 | 14.75 | 0.30 | 0.33 | 0.23 | 0.25 | 0.25 | 0.76 | 0.36 | 0.18 | 0.26 |
| Cash Ratio | 14.74 | 14.74 | 0.27 | 0.31 | 0.21 | 0.25 | 0.24 | 0.73 | 0.34 | 0.17 | 0.25 |
| Asset Turnover | — | 0.03 | 0.07 | 0.06 | 0.04 | 0.02 | 0.03 | 0.04 | 0.03 | 0.04 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BLX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Banco Latinoamericano de Comercio Exterior, S. A. returns 4.1% to shareholders annually primarily through dividends. A payout ratio of 40.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 10.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.1% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 40.5% | 40.5% | 35.4% | 21.8% | 39.3% | 61.5% | 70.2% | 68.4% | 552.5% | 73.9% | 69.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.0% | 13.7% | 15.7% | 18.4% | 15.7% | 9.8% | 10.1% | 10.1% | 1.6% | 7.7% | 7.5% |
| FCF Yield | 16.3% | 22.4% | — | 117.4% | — | — | 198.3% | — | — | 67.1% | 67.3% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.1% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $37M | $37M | $36M | $36M | $39M | $40M | $40M | $40M | $39M | $39M |
Peer Comparison
Compare BLX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BLXYou | $2B | 10.0 | 19.9 | 6.1 | 93.5% | 66.8% | 15.0% | 2.9% | 18.4 |
 BBAR | $4B | 19.9 | 5.5 | 3.9 | 54.8% | 9.2% | 10.2% | 9.2% | 3.1 |
 BMA | $6B | 27.0 | 10.2 | — | 50.5% | 10.2% | 7.3% | 7.9% | 2.2 |
 GGAL | $9B | 54.9 | 13.1 | 311.5 | 41.3% | 2.5% | 3.3% | 2.6% | 6.7 |
 SUPV | $903M | -23.1 | — | — | 39.5% | -4.8% | -6.3% | -5.7% | — |
 CIB | $19B | 9.9 | 7.1 | 6.6 | 61.1% | 20.8% | 15.8% | 9.9% | 2.2 |
 BSAC | $15B | 0.0 | 17.8 | 22.4 | 48.8% | 26.7% | 18.4% | 4.5% | 11.5 |
 BAP | $30B | 14.8 | 8.6 | 13.2 | 73.7% | 34.4% | 19.2% | 10.3% | 3.2 |
 ITUB | $87B | 10.4 | 20.7 | 3.5 | 34.5% | 13.1% | 20.6% | 3.2% | 17.6 |
 BBD | $36B | 8.1 | — | — | 34.6% | -1.1% | 13.3% | -0.3% | — |
 BSBR | $40B | 16.8 | 6.9 | 153.7 | 27.5% | 11.0% | 10.4% | 4.9% | 6.7 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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BLX — Frequently Asked Questions
Quick answers to the most common questions about buying BLX stock.
What is Banco Latinoamericano de Comercio Exterior, S. A.'s P/E ratio?
Banco Latinoamericano de Comercio Exterior, S. A.'s current P/E ratio is 10.0x. The historical average is 10.9x. This places it at the 64th percentile of its historical range.
What is Banco Latinoamericano de Comercio Exterior, S. A.'s EV/EBITDA?
Banco Latinoamericano de Comercio Exterior, S. A.'s current EV/EBITDA is 19.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.5x.
What is Banco Latinoamericano de Comercio Exterior, S. A.'s ROE?
Banco Latinoamericano de Comercio Exterior, S. A.'s return on equity (ROE) is 15.0%. The historical average is 9.0%.
Is BLX stock overvalued?
Based on historical data, Banco Latinoamericano de Comercio Exterior, S. A. is trading at a P/E of 10.0x. This is at the 64th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Banco Latinoamericano de Comercio Exterior, S. A.'s dividend yield?
Banco Latinoamericano de Comercio Exterior, S. A.'s current dividend yield is 4.06% with a payout ratio of 40.5%.
What are Banco Latinoamericano de Comercio Exterior, S. A.'s profit margins?
Banco Latinoamericano de Comercio Exterior, S. A. has 93.5% gross margin and 66.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Banco Latinoamericano de Comercio Exterior, S. A. have?
Banco Latinoamericano de Comercio Exterior, S. A.'s Debt/EBITDA ratio is 18.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.