Banco Latinoamericano de Comercio Exterior, S. A. (BLX) Key Metrics
BLX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.07B
- Enterprise value
- $3.86B
- P/E (TTM)
- 9.0 10-yr median 9.9
- Forward P/E
- 8.4
- PEG ratio
- 1.77
- Price / sales
- 6.3 10-yr median 3.2
- Price / book
- 1.2 10-yr median 0.8
- EV / EBITDA
- — 10-yr median 31.3
- Dividend yield
- 4.00% $2.75 a year
- Beta
- 0.80
BLX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBLX valuation Price multiples at each fiscal year-end price.
BLX returns How much profit the business earns on the capital it uses.
BLX per-share figures Results divided by the shares outstanding at year-end.
BLX financial health Debt, liquidity and how easily interest is covered.
BLX efficiency & capital use Working capital cycle and where the cash goes.
BLX valuation history
BLX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BLX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BLX cash returned to shareholders
BLX price vs earnings per share
BLX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.66B | $1.31B | $902.5M | $588.1M | $644.0M | $627.8M | $846.1M | $684.1M | $1.06B | $1.15B |
| Enterprise value | $3.91B | $3.83B | $3.52B | $4.08B | $4.30B | $2.13B | $2.81B | $2.50B | $2.60B | $3.33B |
| P/E ratio | 7.3 | 6.3 | 5.4 | 6.4 | 10.3 | 9.9 | 9.8 | 61.4 | 12.9 | 13.3 |
| Price / sales | 4.9 | 1.6 | 1.3 | 1.8 | 4.1 | 3.3 | 2.9 | 3.1 | 4.5 | 5.2 |
| Price / book | 1.0 | 1.0 | 0.7 | 0.5 | 0.6 | 0.6 | 0.8 | 0.7 | 1.0 | 1.1 |
| Price / free cash flow | 4.5 | — | 0.9 | — | — | 0.5 | — | — | 1.5 | 1.5 |
| Price / operating cash flow | 4.4 | — | 0.8 | — | — | 0.5 | — | — | 1.5 | 1.5 |
| EV / sales | 11.5 | 4.7 | 5.2 | 12.3 | 27.6 | 11.3 | 9.7 | 11.5 | 11.0 | 14.9 |
| EV / EBITDA | 17.2 | 18.3 | 20.8 | 43.1 | 64.9 | 31.4 | 31.3 | 183.6 | 30.8 | 37.4 |
| EV / free cash flow | 10.5 | — | 3.3 | — | — | 1.7 | — | — | 3.7 | 4.3 |
| Earnings yield | 13.7% | 15.8% | 18.4% | 15.6% | 9.7% | 10.1% | 10.2% | 1.6% | 7.8% | 7.5% |
| Free cash flow yield | 22.4% | −86.4% | 117.4% | −131.3% | −135.5% | 198.3% | −11.1% | −25.5% | 67.1% | 67.3% |
| Dividend yield | 5.5% | 5.6% | 4.0% | 6.1% | 6.0% | 7.1% | 7.0% | 9.0% | 5.7% | 5.2% |
| Shareholder yield (dividends + buybacks) | 5.5% | 5.6% | 4.0% | 11.5% | 15.3% | 8.1% | 7.0% | 9.4% | 5.7% | 5.2% |
| Share price at fiscal year-end | $44.60 | $35.57 | $24.74 | $16.20 | $16.60 | $15.83 | $21.38 | $17.30 | $26.90 | $29.44 |
| Per share | ||||||||||
| Revenue per share | $9.14 | $22.06 | $18.73 | $9.11 | $4.01 | $4.75 | $7.31 | $5.50 | $5.98 | $5.70 |
| Earnings per share | $6.11 | $5.60 | $4.55 | $2.54 | $1.62 | $1.60 | $2.17 | $0.28 | $2.08 | $2.22 |
| Operating cash flow per share | $10.06 | −$30.68 | $29.11 | −$21.20 | −$22.47 | $31.46 | −$2.34 | −$4.39 | $18.21 | $20.00 |
| Free cash flow per share | $9.99 | −$30.73 | $29.06 | −$21.28 | −$22.49 | $31.40 | −$2.37 | −$4.41 | $18.06 | $19.82 |
| Cash per share | $51.84 | $56.16 | $56.45 | $34.20 | $32.30 | $21.78 | $29.77 | $44.15 | $17.09 | $27.28 |
| Book value per share | $45.21 | $36.40 | $33.00 | $29.46 | $25.56 | $26.17 | $25.68 | $25.13 | $26.52 | $25.79 |
| Tangible book value per share | $44.92 | $36.30 | $32.93 | $29.40 | $25.52 | $26.12 | $25.64 | $25.09 | $26.38 | $25.72 |
| Dividends per share | $2.47 | $1.98 | $0.99 | $1.00 | $0.99 | $1.13 | $1.49 | $1.56 | $1.54 | $1.53 |
| Capex per share | $0.08 | $0.05 | $0.06 | $0.07 | $0.02 | $0.06 | $0.04 | $0.02 | $0.15 | $0.18 |
| Debt per share | $112.54 | $124.78 | $128.26 | $130.39 | $126.43 | $59.69 | $79.30 | $89.98 | $56.23 | $82.81 |
| Shares outstanding | 37.1M | 36.7M | 36.5M | 36.3M | 38.8M | 39.7M | 39.6M | 39.5M | 39.3M | 39.2M |
| Change in shares outstanding | +1.1% | +0.7% | +0.5% | −6.4% | −2.2% | +0.2% | +0.1% | +0.5% | +0.3% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.0% | 16.2% | 14.6% | 8.9% | 6.2% | 6.2% | 8.6% | 1.1% | 8.0% | 8.8% |
| Return on invested capital (ROIC) | 4.6% | 4.2% | 4.0% | 1.0% | 0.9% | 1.2% | 1.5% | 0.2% | 1.4% | 1.2% |
| Return on assets (ROA) | 1.8% | 1.8% | 1.7% | 1.1% | 0.9% | 0.9% | 1.2% | 0.2% | 1.2% | 1.1% |
| Return on tangible assets | 1.8% | 1.7% | 1.5% | 1.0% | 0.8% | 1.0% | 1.2% | 0.1% | 1.3% | 1.2% |
| Free cash flow margin | 109.2% | −139.3% | 155.1% | −233.5% | −560.2% | 661.7% | −32.5% | −80.1% | 302.1% | 347.6% |
| Income quality (OCF / net income) | 1.65 | −5.48 | 6.39 | −8.36 | −13.90 | 19.62 | −1.07 | −15.59 | 8.74 | 9.01 |
| Financial health | ||||||||||
| Total debt | $4.18B | $4.58B | $4.68B | $4.73B | $4.90B | $2.37B | $3.14B | $3.56B | $2.21B | $3.25B |
| Cash & short-term investments | $1.93B | $2.06B | $2.06B | $1.24B | $1.25B | $863.8M | $1.18B | $1.75B | $672.0M | $1.07B |
| Net debt | $2.25B | $2.52B | $2.62B | $3.49B | $3.65B | $1.50B | $1.96B | $1.81B | $1.54B | $2.18B |
| Debt / equity | 2.49 | 3.43 | 3.89 | 4.43 | 4.95 | 2.28 | 3.09 | 3.58 | 2.12 | 3.21 |
| Debt / assets | 0.33 | 0.39 | 0.44 | 0.51 | 0.61 | 0.38 | 0.43 | 0.47 | 0.35 | 0.45 |
| Net debt / EBITDA | 9.93 | 12.04 | 15.48 | 36.85 | 55.17 | 22.13 | 21.87 | 133.32 | 18.24 | 24.43 |
| Current ratio | 14.75 | 0.30 | 0.33 | 0.23 | 0.80 | 2.27 | 0.76 | 0.36 | 0.18 | 0.26 |
| Quick ratio | 14.75 | 0.30 | 0.65 | 0.50 | 1.73 | 4.73 | 1.59 | 0.35 | 0.17 | 0.26 |
| Interest coverage | 0.5 | 0.4 | 0.4 | 0.5 | 1.2 | 0.7 | 0.5 | 0.1 | 0.8 | 1.0 |
| Working capital | $1.79B | −$5.22B | −$4.40B | −$4.46B | −$317.8M | $498.8M | −$392.7M | −$3.27B | −$3.33B | −$3.19B |
| Invested capital | $3.93B | $3.86B | $3.82B | $4.56B | $4.64B | $2.54B | $2.98B | $2.81B | $2.58B | $3.19B |
| Tangible asset value | $1.67B | $1.33B | $1.20B | $1.07B | $990.2M | $1.04B | $1.01B | $992.0M | $1.04B | $1.01B |
| Net current asset value | −$9.18B | −$8.33B | −$7.36B | −$6.90B | −$5.77B | −$4.36B | −$5.01B | −$4.82B | −$4.52B | −$5.05B |
| Graham number | $78.83 | $67.74 | $58.15 | $40.99 | $30.49 | $30.73 | $35.44 | $12.62 | $35.27 | $35.89 |
| Graham net-net per share | −$245.36 | −$227.72 | −$231.50 | −$211.97 | −$167.96 | −$122.32 | −$143.87 | −$121.94 | −$114.99 | −$129.05 |
| Capital allocation | ||||||||||
| Dividends paid | $91.8M | $72.8M | $36.3M | $36.1M | $38.6M | $44.7M | $58.9M | $61.5M | $60.6M | $60.1M |
| Share buybacks (net) | — | — | $0 | $31.4M | $60.1M | $6.2M | $0 | $2.4M | $27,000 | $0 |
| Dividend payout ratio | 40.5% | 35.4% | 21.8% | 39.3% | 61.5% | 70.2% | 68.4% | 552.5% | 73.9% | 69.1% |
| Dividends + buybacks / free cash flow | 24.8% | — | 3.4% | — | — | 4.1% | — | — | 8.5% | 7.7% |
| Capex / revenue | 0.8% | 0.2% | 0.3% | 0.8% | 0.5% | 1.2% | 0.5% | 0.3% | 2.6% | 3.2% |
| Capex / operating cash flow | 0.7% | — | 0.2% | — | — | 0.2% | — | — | 0.8% | 0.9% |
| Capex / depreciation | 0.58 | 0.51 | 0.68 | 1.00 | 0.23 | 0.53 | 0.43 | 0.27 | 2.49 | 3.40 |
| Stock-based compensation / revenue | 2.4% | 0.9% | 0.8% | 0.7% | 1.2% | 0.9% | 0.6% | 0.5% | 0.1% | 1.4% |
| SG&A / revenue | 16.3% | 8.4% | 8.7% | 13.6% | 19.4% | 15.1% | 11.2% | 18.6% | 16.4% | 16.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 116.4 | 53.5 | 50.0 | 53.2 | 62.1 | 67.9 | 60.9 | 76.3 | 66.6 | 82.8 |
| Days of inventory on hand | — | — | -1,408.6 | -2,713.7 | -8,273.4 | -4,759.6 | -1,473.6 | 25.0 | 19.2 | 17.2 |
| Days payables outstanding | 839.6 | 66.0 | 64.4 | 73.6 | 80.0 | 60.7 | 49.7 | 63.2 | 83.1 | 82.1 |
| Cash conversion cycle (days) | -723.2 | -12.5 | -1,423.0 | -2,734.2 | -8,291.3 | -4,752.4 | -1,462.4 | 38.2 | 2.7 | 17.9 |
| Receivables turnover | 3.14 | 6.82 | 7.30 | 6.86 | 5.88 | 5.37 | 6.00 | 4.78 | 5.48 | 4.41 |
| Payables turnover | 0.43 | 5.53 | 5.67 | 4.96 | 4.57 | 6.01 | 7.35 | 5.78 | 4.39 | 4.45 |
| Inventory turnover | — | — | — | — | — | — | — | 14.58 | 19.04 | 21.25 |
| Asset turnover | 0.03 | 0.07 | 0.07 | 0.04 | 0.02 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 |
| Average receivables | $108.3M | $118.9M | $93.6M | $48.2M | $26.5M | $35.0M | $48.3M | $45.5M | $42.9M | $50.7M |
| Average payables | $50.8M | $95.1M | $83.5M | $41.2M | $11.9M | $14.7M | $22.3M | $25.7M | $26.5M | $28.3M |
| Average inventory | — | — | −$1.83B | −$1.52B | −$1.23B | −$1.15B | −$662.8M | $10.2M | $6.1M | $5.9M |
| Intangibles / total assets | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
Computed from BLX's annual financial statements (latest annual report filed April 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BLX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bladex traded at 7.3 times earnings, against a 10-year median of 9.9. Based on the latest twelve months, the trailing P/E is 9.0 and the forward P/E is 8.4. Bladex earned a return on equity of 15.0% and a return on invested capital of 4.6% in fiscal 2025. It ended the year with $4.2 billion of debt and $1.9 billion in cash and short-term investments, net debt of $2.3 billion. It returned $91.8 million to shareholders: $91.8 million in dividends and $0 in share buybacks, 25% of free cash flow. The share count fell 5.3% from 39.2M to 37.1M over 9 years.
See the BLX income statement, the BLX chart for price history, or the BLX stock overview for the latest quote and news.
BLX key metrics FAQ
What is Bladex's P/E ratio?
Bladex's trailing P/E ratio is 9.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.4. At the end of fiscal 2025 it was 7.3, compared with a 10-year median of 9.9.
What is Bladex's EV/EBITDA?
Bladex's enterprise value was 17.2 times EBITDA at the end of fiscal 2025 (enterprise value $3.9 billion, EBITDA $226.9 million).
What is Bladex's return on equity?
Bladex's return on equity (ROE) was 15.0% in fiscal 2025: net income of $226.9 million on average shareholders' equity of $1.5 billion.
What is Bladex's ROIC?
Bladex's return on invested capital was 4.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bladex have?
Bladex had total debt of $4.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.49 and $2.3 billion of net debt (9.93 times EBITDA).
What is Bladex's dividend yield?
Bladex's forward dividend yield is 4.00%. Bladex paid $91.8 million in dividends in fiscal 2025 ($2.47 per share), a payout ratio of 40.5%.
What is Bladex's free cash flow yield?
Bladex generated $370.9 million of free cash flow in fiscal 2025, a free cash flow yield of 22.4% on its market value at year-end ($1.7 billion).
What is Bladex's current ratio?
Bladex's current ratio was 14.75 at the end of fiscal 2025: current assets were 14.75 times current liabilities.