BLACKLINE INC (BL)
US09239B1098 - Common Stock
Taking everything into account, BL scores 5 out of 10 in our fundamental rating. BL was compared to 276 industry peers in the Software industry. Both the profitability and the financial health of BL get a neutral evaluation. Nothing too spectacular is happening here. BL shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
BL had positive earnings in the past year.
In the past year BL had a positive cash flow from operations.
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 Return On Assets of 2.51%. This is in the better half of the industry: BL outperforms 74.82% of its industry peers.
The Return On Equity of BL (20.23%) is better than 91.61% of its industry peers.
With a decent Return On Invested Capital value of 1.37%, BL is doing good in the industry, outperforming 71.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 20.23% | ||
| ROIC | 1.37% |
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
BL's Profit Margin of 8.94% is amongst the best of the industry. BL outperforms 80.29% of its industry peers.
BL's Operating Margin of 4.28% is fine compared to the rest of the industry. BL outperforms 73.72% of its industry peers.
BL has a better Gross Margin (75.12%) than 68.61% of its industry peers.
BL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.28% | ||
| PM (TTM) | 8.94% | ||
| GM | 75.12% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BL 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.
Compared to 1 year ago, BL has an improved debt to assets ratio.
2.2 Solvency
BL has an Altman-Z score of 1.80. This is a bad value and indicates that BL is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of BL (1.80) is comparable to the rest of the industry.
The Debt to FCF ratio of BL is 14.04, which is on the high side as it means it would take BL, 14.04 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 14.04, BL is in line with its industry, outperforming 47.81% of the companies in the same industry.
A Debt/Equity ratio of 4.37 is on the high side and indicates that BL has dependencies on debt financing.
BL has a worse Debt to Equity ratio (4.37) than 85.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.37 | ||
| Debt/FCF | 14.04 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.16
WACC8.49%
2.3 Liquidity
A Current Ratio of 2.19 indicates that BL has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.19, BL is doing good in the industry, outperforming 63.50% of the companies in the same industry.
BL has a Quick Ratio of 2.19. This indicates that BL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.19, BL is in the better half of the industry, outperforming 64.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| Quick Ratio | 2.19 |
3. Growth
3.1 Past
BL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 204.69%, which is quite impressive.
Measured over the past years, BL shows a very strong growth in Earnings Per Share. The EPS has been growing by 74.65% on average per year.
Looking at the last year, BL shows a quite strong growth in Revenue. The Revenue has grown by 12.82% 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)204.69%
EPS 3Y36.9%
EPS 5Y74.65%
EPS growth Q2Q97.14%
Revenue 1Y (TTM)12.82%
Revenue growth 3Y18.82%
Revenue growth 5Y20.96%
Revenue growth Q2Q11.24%
3.2 Future
Based on estimates for the next years, BL will show a small growth in Earnings Per Share. The EPS will grow by 7.01% on average per year.
The Revenue is expected to grow by 16.56% on average over the next years. This is quite good.
EPS Next Y9.47%
EPS Next 2Y6.65%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue Next Year9.63%
Revenue Next 2Y9.83%
Revenue Next 3Y10.36%
Revenue Next 5Y16.56%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
The Price/Earnings ratio is 31.19, which means the current valuation is very expensive for BL.
BL's Price/Earnings ratio is a bit cheaper when compared to the industry. BL is cheaper than 75.18% of the companies in the same industry.
BL's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.92.
Based on the Price/Forward Earnings ratio of 28.50, the valuation of BL can be described as expensive.
Based on the Price/Forward Earnings ratio, BL is valued a bit cheaper than 74.09% of the companies in the same industry.
BL's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 21.49.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.19 | ||
| Fwd PE | 28.5 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BL indicates a somewhat cheap valuation: BL is cheaper than 74.82% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BL indicates a somewhat cheap valuation: BL is cheaper than 70.44% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.97 | ||
| EV/EBITDA | 38.38 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BL does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.29
PEG (5Y)0.42
EPS Next 2Y6.65%
EPS Next 3Y7.01%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BLACKLINE INC
NASDAQ:BL (4/26/2024, 7:00:00 PM)
After market: 60.83 0 (0%)60.83
+1.94 (+3.29%)
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 Cap3.76B
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)
Avg EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
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 | 31.19 | ||
| Fwd PE | 28.5 | ||
| 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)3.29
PEG (5Y)0.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.51% | ||
| ROE | 20.23% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.28% | ||
| PM (TTM) | 8.94% | ||
| GM | 75.12% | ||
| 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 Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.19 | ||
| Quick Ratio | 2.19 | ||
| 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)
Growth
EPS 1Y (TTM)204.69%
EPS 3Y36.9%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.47%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)12.82%
Revenue growth 3Y18.82%
Revenue growth 5Y
Revenue growth 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