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BLX Fair Value & Analysis

Financial Services · US · Market cap $2.1B

B BLX logo BLX BLX · US
Price$56.99
Fair Value$79.43
Upside+39.4%
Quality56/100
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Mixed Growth
Highly profitable · 71.7% net margin
High debt · generates free cash flow
4.56% dividend yield
Ranks above peers (9/15)
Wide moat 70/100
Evidence: High Range $59.57 – $99.29 Share as image

Fair value as of: Jul 15, 2026

From 6 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from $98.13 to $79.43 (−19.1%) since Jun 26, 2026. Share price +0.3% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($59.57). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

$62.78 $10.04 Fair Value $79.43 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $10.04 – $62.78 · fair‑value band $59.57 – $99.29 · the $56.99 price screens below the $79.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

BLX (BLX) currently trades at $56.99, while our model-based Fair Value estimate is $79.43, implying the stock looks roughly 39.4% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, BLX generated revenue of $323M at a net margin of 71.7%. Revenue grew 7.7% year over year. It earns a return on equity of 15.0%. Net debt stands at $2.3B. Fundamentals as of Jul 15, 2026

Our scenario range runs from $59.57 (bear case) to $99.29 (bull case); at $56.99, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 55% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 39%, BLX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $42.90 $52.08 $106.73 76
Gordon GGM $21.72 $43.27 $65.53 70
P/E Multiple $59.57 $79.43 $99.29 63
All 6 models by family
Dividend Discount
Gordon GGM $21.72 $43.27 $65.53 70
DDM Multi-Stage $21.72 $33.29 $45.10 61
Multiples
P/E Multiple $59.57 $79.43 $99.29 63
P/B Multiple $47.47 $63.29 $79.11 55
Asset-Based
NCAV (Graham) $22.60 $30.29 $45.21 50
Economic Profit
Residual Income $42.90 $52.08 $106.73 76

Widest divergence: Multiples ($63.29) versus Asset-Based ($30.29). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $323M
Revenue growth (YoY) +7.7%
Net margin 71.7%
Return on equity 15.0%
Free cash flow $371M FY2025
P/E ratio 9.3
More key figures
Operating margin 72.8%
EPS (TTM) $6.02
Dividend yield 4.7%
EPS growth (YoY) -6.7%
Net debt $2.3B FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 61 · Market factors (momentum, volatility) 75

Profitability 37
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean. It operates through Commercial and Treasury segments. The company accepts deposits.

Full company description

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, engages in financing of foreign trade and economic integration in Latin America and the Caribbean. It operates through Commercial and Treasury segments. The company accepts deposits. It also offers products and services, such as origination of bilateral short- and medium-term loans, structured and syndicated credits, and loan commitments; financial guarantee contracts, including issued and confirmed letters of credit, stand-by letters of credit, guarantees covering commercial risk, and other assets of customers' liabilities under acceptances; and co-financing arrangements, underwriting of syndicated credit facilities, structured trade financing in the form of factoring and vendor financing, and financial leasing. In addition, the company is involved in investment management activities comprising securities at fair value through other comprehensive income and amortized cost. It serves financial institutions, corporations, 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 1975 and is headquartered in Panama City, the Republic of Panama.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BLX reported revenue of $340M in FY2025 versus $156M in FY2021, a compound +21.5%/yr. Reported net income was $227M in FY2025, compounding +37.9%/yr from FY2021.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$340M
Avg. growth/yr (3Y)
+73.3%
Avg. growth/yr (5Y)
+22.9%
Avg. growth/yr (32Y)
+6.1%
Revenue +21.5%/yr
FY21 $156M
FY22 $331M
FY23 $683M
FY24 $811M
FY25 $340M
Net income +37.9%/yr
FY21 $62.7M
FY22 $92.0M
FY23 $166M
FY24 $206M
FY25 $227M

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Cite: Fair Value Calculator (2026). "BLX Fair Value". https://www.fairvalue-calculator.com/stock/BLX

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +39% · Above median
Return on equity (TTM) 15% · Top 25%
Return on assets 2% · Top 25%
Net margin (TTM) 72% · Top 25%
Operating margin (TTM) 73% · Top 25%
Revenue growth 8% · Below median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 2.40× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than median
P/B 1.27× · Pricier than median
P/S (TTM) 6.61× · Pricier than 75% of peers
P/FCF 5.8× · Cheaper than median
EV/EBITDA 18.7× · Pricier than 75% of peers
PEG 1.77× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 86 · sector 39
FUTURE 39 · sector 44
PAST 60 · sector 41
HEALTH 0 · sector 85
DIVIDEND 91 · sector 49

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is BLX overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $79.43 versus a price of $56.99, about +39% (undervalued).
What is the fair value of BLX?
Our model-based fair value for BLX is $79.43 (as of Jul 15, 2026), built from audited fundamentals. The current price is $56.99.
What is the quality score of BLX?
BLX has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BLX?
BLX reported trailing-twelve-month revenue of about $323M (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BLX?
The net profit margin of BLX is about 71.7%, meaning it keeps roughly 71.7% of revenue as net income. Based on the latest reported figures.
Does BLX pay a dividend?
BLX currently shows a dividend yield of about 4.70% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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