Added to YB: 2023-02-27
Pitch date: 2023-02-27
BLX [bullish]
Bladex Inc.
Author Info
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Company Info
Bladex Inc., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean.
Market Cap
$2.1B
Pitch Price
N/A
Price Target
30.00
Dividend
4.98%
EV/EBITDA
N/A
P/E
9.11
EV/Sales
N/A
Sector
Financial Services
Category
value
Show full summary:
Bladex: Bonanza Earnings Report, Reiterate Strong Buy
BLX: LatAm trade finance bank backed by central banks, minimal credit risk. Q4'22 blowout: EPS 85c (+31c), rev +79%, NII +100%, NIM 2.11% (+69bps), ROE 11.6%. Trades $16.75 vs $29.50 book, 7x P/E on $3.40 EPS, 6% yield. Commodity boom drives windfall. Fair value $24-34, targets book at $30+.
Read full article (13 min)