Bladex Inc. (BLX) vs City Holding Company (CHCO)

Bladex Inc. and City Holding Company are both Banks Regional companies. Bladex Inc. and City Holding Company are of similar size ($2.0B and $1.9B). Bladex Inc. trades at the lower P/E: 9.0× against 15.5×. City Holding Company grew revenue faster over the last twelve months: 3.37% against 0.51%. City Holding Company has the higher net margin (32.8% vs 27.8%) and the higher return on invested capital (14.8% vs 3.69%). Both pay a dividend; Bladex Inc. yields more (4.26% vs 2.85%). Across the 19 metrics below, City Holding Company leads on 11 and Bladex Inc. on 8.

Valuation

Metric BLX CHCO Banks Regional median
P/E 9.03 15.52 12.15
P/S 2.44 4.95 2.37
P/B 1.17 2.46 1.21
Price to free cash flow n/m 14.25 10.80
EV/EBITDA n/m n/m —
EV/Sales 5.13 4.66 2.27
Earnings yield 11.07% 6.44% 8.11%
Free cash flow yield (11.19%) 7.02% 8.98%

Profitability

Metric BLX CHCO Banks Regional median
Gross margin 42.01% 80.00% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 27.77% 32.75% 18.66%
Free cash flow margin (27.10%) 34.74% 21.18%
Return on equity 14.74% 16.76% 10.64%
Return on assets 1.72% 1.97% 1.13%
Return on invested capital 3.69% 14.81% 8.33%

Growth

Metric BLX CHCO Banks Regional median
Revenue growth (TTM) 0.51% 3.37% 6.61%
EPS growth (last fiscal year) 9.11% 13.18% —
Revenue growth, 5-year CAGR 34.81% 8.86% 12.30%
Net income growth, 5-year CAGR 28.97% 7.81% 9.71%

Health

Metric BLX CHCO Banks Regional median
Debt to equity 2.36 0.19 0.22
Current ratio 1.49 0.83 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BLX CHCO Banks Regional median
Dividend yield 4.26% 2.85% 3.75%
Payout ratio 0.28 0.33 0.27

Size

Metric BLX CHCO Banks Regional median
Market cap 1.92b 1.97b 921.07m

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