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Foreign Trade Bank of Latin America Inc (BLX)



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Upturn Advisory Summary
04/01/2025: BLX (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 53.33% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.35B USD | Price to earnings Ratio 6.57 | 1Y Target Price 43.5 |
Price to earnings Ratio 6.57 | 1Y Target Price 43.5 | ||
Volume (30-day avg) 134527 | Beta 1.1 | 52 Weeks Range 26.54 - 42.20 | Updated Date 04/1/2025 |
52 Weeks Range 26.54 - 42.20 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 6.83% | Basic EPS (TTM) 5.6 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 71.9% | Operating Margin (TTM) 69.65% |
Management Effectiveness
Return on Assets (TTM) 1.82% | Return on Equity (TTM) 16.2% |
Valuation
Trailing PE 6.57 | Forward PE - | Enterprise Value 4237840128 | Price to Sales(TTM) 4.74 |
Enterprise Value 4237840128 | Price to Sales(TTM) 4.74 | ||
Enterprise Value to Revenue 18.87 | Enterprise Value to EBITDA - | Shares Outstanding 28736600 | Shares Floating 27693922 |
Shares Outstanding 28736600 | Shares Floating 27693922 | ||
Percent Insiders - | Percent Institutions 33.5 |
Analyst Ratings
Rating 4.5 | Target Price 41 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Foreign Trade Bank of Latin America Inc

Company Overview
History and Background
Foreign Trade Bank of Latin America Inc, commonly known as Bladex, was established in 1977 by the central banks of Latin America and the Caribbean to promote trade finance in the region. Over time, it has expanded its services and geographic reach, becoming a key player in Latin American trade and investment.
Core Business Areas
- Commercial Lending: Short-term and medium-term financing for trade-related activities, including export and import finance.
- Structured Finance: Providing customized financing solutions for specific projects and transactions.
- Financial Institutions: Offering financing and services to banks and other financial institutions in Latin America.
- Investment Services: Including trade finance, Syndications, and investments.
Leadership and Structure
Bladex has a board of directors comprised of representatives from various Latin American countries and international institutions. The executive management team is responsible for the day-to-day operations of the bank.
Top Products and Market Share
Key Offerings
- Competitors: Citigroup,HSBC,Santander
- Trade Finance: Bladex's core product offering trade financing solutions to facilitate international trade transactions in Latin America. Bladex faces competition from other regional and international banks. Market share information is not readily available.
- Competitors: JP Morgan Chase & Co,Goldman Sachs,Morgan Stanley
- Syndicated Loans: Bladex participates in syndicated loans to finance larger projects and transactions in the region. Market share information is not readily available.
- Competitors: Citigroup,HSBC,Santander
- Structured Finance: Customized solutions, for medium to large operations. Bladex faces competition from other regional and international banks. Market share information is not readily available.
Market Dynamics
Industry Overview
The Latin American trade finance market is driven by the region's economic growth, trade flows, and demand for financing. However, it is also subject to risks related to political instability, currency fluctuations, and regulatory changes.
Positioning
Bladex is a specialized player focused on Latin American trade finance, with a strong network of relationships and expertise in the region. Its competitive advantage lies in its deep understanding of the Latin American market and its ability to provide tailored financing solutions.
Total Addressable Market (TAM)
The Latin American trade finance market is estimated to be worth hundreds of billions of dollars annually. Bladex captures a small but significant portion, positioning itself as a key player.
Upturn SWOT Analysis
Strengths
- Specialized expertise in Latin American trade finance
- Strong relationships with regional banks and institutions
- Experienced management team
- Solid financial performance
Weaknesses
- Concentration risk in Latin America
- Exposure to political and economic instability in the region
- Limited geographic diversification
- Smaller scale compared to global banks
Opportunities
- Expansion into new Latin American markets
- Development of new financial products and services
- Increased demand for trade finance due to globalization
- Strategic alliances with other financial institutions
Threats
- Increased competition from global banks
- Economic downturns in Latin America
- Political instability and regulatory changes
- Currency fluctuations
Competitors and Market Share
Key Competitors
- Citigroup (C)
- HSBC (HSBC)
- Banco Santander (SAN)
Competitive Landscape
Bladex possesses specialized expertise in Latin American trade finance, establishing solid relationships with local banks. This expertise allows tailored financial solutions. However, the bank must face the challenges posed by economic instability, concentrated geographic location, and the larger scope of its competitors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth data must be sourced through financial data providers. Without them, analysis cannot be provided.
Future Projections: Future projections data must be sourced through financial data providers. Without them, analysis cannot be provided.
Recent Initiatives: Recent initiative data must be sourced through financial data providers. Without them, analysis cannot be provided.
Summary
Bladex is a specialized bank focusing on Latin American trade finance. Its deep understanding of the regional market and strong relationships provide a competitive edge. However, the bank is exposed to economic and political instability in the region, and is small compared to its competitors. Bladex needs to diversify and navigate regional risks.
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C

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SAN

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Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market share data may not be exact and is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Foreign Trade Bank of Latin America Inc
Exchange NYSE | Headquaters - | ||
IPO Launch date 1992-09-24 | CEO - | ||
Sector Financial Services | Industry Banks - Regional | Full time employees - | Website https://www.bladex.com |
Full time employees - | Website https://www.bladex.com |
Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing. The company also provides letter of credit comprising import and export letters of credit, and credit discounting and financing, as well as usance payable at sight; stand-by services; bank guarantees, including first demand and local guarantees; import and export documentary collection; irrevocable reimbursement undertaking; and canal tolls. In addition, it offers liquidity and investment solutions, such as time deposits, DDA accounts, Yankee certificate of deposits, and EMTN private placement services, as well as supply chain finance services. The company primarily serves financial institutions, corporations, and sovereigns and state-owned entities. Banco Latinoamericano de Comercio Exterior, S. A.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. The company was founded in 1975 and is headquartered in Panama City, the Republic of Panama.
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