Bladex Inc. (BLX) vs 1st Source Corporation (SRCE)

Bladex Inc. and 1st Source Corporation are both Banks Regional companies. Bladex Inc. and 1st Source Corporation are of similar size ($2.1B and $1.9B). Bladex Inc. trades at the lower P/E: 9.0× against 12.4×. 1st Source Corporation grew revenue faster over the last twelve months: 4.21% against 0.51%. 1st Source Corporation has the higher net margin (27.8% vs 27.8%) and the higher return on invested capital (10.5% vs 3.69%). Both pay a dividend; Bladex Inc. yields more (4.26% vs 2.70%). Across the 19 metrics below, 1st Source Corporation leads on 10 and Bladex Inc. on 9.

Valuation

Metric BLX SRCE Banks Regional median
P/E 9.03 12.37 12.15
P/S 2.44 3.41 2.37
P/B 1.17 1.53 1.21
Price to free cash flow n/m 9.61 10.80
EV/EBITDA n/m n/m —
EV/Sales 5.13 3.35 2.27
Earnings yield 11.07% 8.08% 8.11%
Free cash flow yield (11.19%) 10.41% 8.98%

Profitability

Metric BLX SRCE Banks Regional median
Gross margin 42.01% 74.40% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 27.77% 27.81% 18.66%
Free cash flow margin (27.10%) 35.44% 21.18%
Return on equity 14.74% 12.97% 10.64%
Return on assets 1.72% 1.84% 1.13%
Return on invested capital 3.69% 10.48% 8.33%

Growth

Metric BLX SRCE Banks Regional median
Revenue growth (TTM) 0.51% 4.21% 6.61%
EPS growth (last fiscal year) 9.11% 19.59% —
Revenue growth, 5-year CAGR 34.81% 10.34% 12.30%
Net income growth, 5-year CAGR 28.97% 14.16% 9.71%

Health

Metric BLX SRCE Banks Regional median
Debt to equity 2.36 0.07 0.22
Current ratio 1.49 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BLX SRCE Banks Regional median
Dividend yield 4.26% 2.70% 3.75%
Payout ratio 0.28 0.25 0.27

Size

Metric BLX SRCE Banks Regional median
Market cap 1.92b 2.06b 921.07m

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