BLACKLINE INC (BL)
US09239B1098 - Common Stock
Taking everything into account, BL scores 5 out of 10 in our fundamental rating. BL was compared to 277 industry peers in the Software industry. BL has only an average score on both its financial health and profitability. BL is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
BL had positive earnings in the past year.
BL had a positive operating cash flow in the past year.
In the past 5 years BL reported 4 times negative net income.
In the past 5 years BL always reported a positive cash flow from operatings.
1.2 Ratios
BL has a better Return On Assets (3.62%) than 73.82% of its industry peers.
BL has a better Return On Equity (27.02%) than 92.00% of its industry peers.
BL has a Return On Invested Capital of 2.23%. This is in the better half of the industry: BL outperforms 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 27.02% | ||
| ROIC | 2.23% |
ROA(3y)-1.78%
ROA(5y)-2.55%
ROE(3y)-13.82%
ROE(5y)-12.15%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 12.42%, BL belongs to the best of the industry, outperforming 82.18% of the companies in the same industry.
BL has a better Operating Margin (6.86%) than 76.36% of its industry peers.
With a decent Gross Margin value of 75.25%, BL is doing good in the industry, outperforming 67.64% of the companies in the same industry.
In the last couple of years the Gross Margin of BL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.86% | ||
| PM (TTM) | 12.42% | ||
| GM | 75.25% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.24%
GM growth 5Y-0.66%
2. Health
2.1 Basic Checks
BL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BL has been increased compared to 1 year ago.
The number of shares outstanding for BL has been increased compared to 5 years ago.
BL has a better debt/assets ratio than last year.
2.2 Solvency
BL has an Altman-Z score of 1.66. This is a bad value and indicates that BL is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.66, BL is in line with its industry, outperforming 45.82% of the companies in the same industry.
BL has a debt to FCF ratio of 10.84. This is a negative value and a sign of low solvency as BL would need 10.84 years to pay back of all of its debts.
BL's Debt to FCF ratio of 10.84 is in line compared to the rest of the industry. BL outperforms 49.82% of its industry peers.
BL has a Debt/Equity ratio of 4.08. This is a high value indicating a heavy dependency on external financing.
BL's Debt to Equity ratio of 4.08 is on the low side compared to the rest of the industry. BL is outperformed by 85.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.08 | ||
| Debt/FCF | 10.84 | ||
| Altman-Z | 1.66 |
ROIC/WACC0.26
WACC8.62%
2.3 Liquidity
A Current Ratio of 2.30 indicates that BL has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.30, BL is in the better half of the industry, outperforming 66.18% of the companies in the same industry.
A Quick Ratio of 2.30 indicates that BL has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.30, BL is doing good in the industry, outperforming 66.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.3 | ||
| Quick Ratio | 2.3 |
3. Growth
3.1 Past
BL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 121.65%, which is quite impressive.
The Earnings Per Share has been growing by 74.65% on average over the past years. This is a very strong growth
Looking at the last year, BL shows a quite strong growth in Revenue. The Revenue has grown by 12.31% in the last year.
Measured over the past years, BL shows a very strong growth in Revenue. The Revenue has been growing by 20.96% on average per year.
EPS 1Y (TTM)121.65%
EPS 3Y36.9%
EPS 5Y74.65%
EPS Q2Q%58.82%
Revenue 1Y (TTM)12.31%
Revenue growth 3Y18.82%
Revenue growth 5Y20.96%
Sales Q2Q%13.29%
3.2 Future
The Earnings Per Share is expected to grow by 8.68% on average over the next years. This is quite good.
The Revenue is expected to grow by 16.56% on average over the next years. This is quite good.
EPS Next Y15.03%
EPS Next 2Y8.73%
EPS Next 3Y8.68%
EPS Next 5YN/A
Revenue Next Year9.77%
Revenue Next 2Y9.77%
Revenue Next 3Y10.37%
Revenue Next 5Y16.56%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
BL is valuated rather expensively with a Price/Earnings ratio of 22.20.
Compared to the rest of the industry, the Price/Earnings ratio of BL indicates a rather cheap valuation: BL is cheaper than 81.45% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.05, BL is valued a bit cheaper.
A Price/Forward Earnings ratio of 20.70 indicates a rather expensive valuation of BL.
Based on the Price/Forward Earnings ratio, BL is valued a bit cheaper than 76.73% of the companies in the same industry.
BL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.07, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.2 | ||
| Fwd PE | 20.7 |
4.2 Price Multiples
80.73% of the companies in the same industry are more expensive than BL, based on the Enterprise Value to EBITDA ratio.
BL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BL is cheaper than 79.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.98 | ||
| EV/EBITDA | 23.62 |
4.3 Compensation for Growth
BL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.48
PEG (5Y)0.3
EPS Next 2Y8.73%
EPS Next 3Y8.68%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BLACKLINE INC
NASDAQ:BL (5/31/2024, 7:26:11 PM)
After market: 47.72 0 (0%)47.72
-0.02 (-0.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.95B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.2 | ||
| Fwd PE | 20.7 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.48
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.62% | ||
| ROE | 27.02% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.86% | ||
| PM (TTM) | 12.42% | ||
| GM | 75.25% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.08 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.3 | ||
| Quick Ratio | 2.3 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)121.65%
EPS 3Y36.9%
EPS 5Y
EPS Q2Q%
EPS Next Y15.03%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.31%
Revenue growth 3Y18.82%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y