Stock fact sheet · data as of
Bladex, Inc. (BLX): fair value, margin of safety and Wheel Score
Ticker symbol BLX · Financial Services · Banks - Regional · Panama · Class E common stock · Value Income
BLX is Bladex, Inc.'s Class E common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is BLX undervalued?
At 51.27 (close of 5 Nov 2026), BLX trades 68% below the GLS average fair value of 161.65. That average comes from 9 models run on the latest filings, and 8 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Bladex, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 9 models disagree widely: DDM gives 39.54 while GLS Growth gives 394.14. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, BLX is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 80, growth score 43, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for BLX
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 93.87 | +83% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 83.05 | +62% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 190.96 | +272% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 70.29 | +37% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 394.14 | +669% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 171.94 | +235% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 339.55 | +562% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 39.54 | -23% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 71.53 | +40% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -319.53 | -723% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - BLX passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.9 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 3.9%, ROE 13.5%, ROA 1.8% - with debt at 2.49 times equity and a free-cash-flow yield of 21.9%. Debt of 2.49 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 5.24% (payout ratio 34%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Oct 2026.
| Piotroski F-score | 6 / 9 | ROIC | 3.9% |
|---|---|---|---|
| GLS Moat | 5.9 / 10 | ROE | 13.5% |
| Debt / equity | 2.49 | ROA | 1.8% |
| Free-cash-flow yield | 21.9% | Payout ratio | 34% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 47: Weak
BLX scores 47 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (242 open interest, 73 a day), and the parts are thin too - value strong, premium strong, moat fair, health good, red flags fair, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is thin - 242 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 292k shares a day on a market cap of $1.5B, with a beta of 0.82; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (242 open interest, 73 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 68% below fair value | |
| Premium | Strong | implied volatility 34% | |
| Moat | Fair | moat 5.9/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 75/100 | |
| Option trading | Weak | 73 contracts a day, 242 open interest | |
| Stability | Fair | beta 0.82, $1.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for BLX in the nightly calendar. The shares go ex-dividend on 6 Nov 2026 (0.6875 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Bladex, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| TMP Tompkins Financial Corporation | 102.60 | 137.17 | +25% | 46Weak | $1.5B |
| BHRB Burke & Herbert Financial Services Corp. | 71.90 | 85.16 | +16% | 25No options | $1.5B |
| PEBO Peoples Bancorp Inc. | 39.84 | 56.28 | +29% | 51Fair | $1.4B |
| AMAL Amalgamated Financial Corp. | 50.82 | 77.15 | +34% | 48Weak | $1.5B |
| WABC Westamerica Bancorporation | 61.28 | 63.28 | +3% | 36Weak | $1.4B |
| ESQ Esquire Financial Holdings, Inc. | 127.36 | 131.61 | +3% | 21No options | $1.5B |
| TFIN Triumph Financial, Inc. | 64.90 | 52.95 | -23% | 34Weak | $1.6B |
| LKFN Lakeland Financial Corporation | 62.90 | 56.81 | -11% | 40Weak | $1.6B |
| FMBH First Mid Bancshares, Inc. | 51.94 | 73.05 | +29% | 47Weak | $1.4B |
| HBT HBT Financial, Inc. | 37.81 | 40.86 | +7% | 35Weak | $1.4B |
| RBCAA Republic Bancorp, Inc. | 92.78 | 89.65 | -3% | 29Weak | $1.6B |
| LOB Live Oak Bancshares, Inc. | 35.15 | 86.43 | +59% | 47Weak | $1.6B |
⚖ Compare BLX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BLX
What kind of share is BLX?
BLX is Bladex, Inc.'s Class E common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is BLX undervalued right now?
By the GLS models, yes: at 51.27 the stock is 68% below the average fair value of 161.65 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BLX and what does it mean?
BLX scores 47 out of 100 (Weak) - it fails Wheel Trade Filter 1. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BLX?
161.65 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bladex, Inc. report earnings next?
No upcoming earnings date is recorded for BLX in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does BLX have listed options, and how liquid are they?
Yes. The nightly snapshot found 32 listed contracts with 242 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.