BLACKLINE INC (BL) Stock Fundamental Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
Taking everything into account, BL scores 4 out of 10 in our fundamental rating. BL was compared to 282 industry peers in the Software industry. While BL is still in line with the averages on profitability rating, there are concerns on its financial health. BL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BL was profitable.
In the past year BL had a positive cash flow from operations.
In multiple years BL reported negative net income over the last 5 years.
In the past 5 years BL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.78%, BL belongs to the top of the industry, outperforming 84.45% of the companies in the same industry.
Looking at the Return On Equity, with a value of 37.42%, BL belongs to the top of the industry, outperforming 92.58% of the companies in the same industry.
BL has a better Return On Invested Capital (1.85%) than 68.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.78% | ||
| ROE | 37.42% | ||
| ROIC | 1.85% |
ROA(3y)3.28%
ROA(5y)-0.14%
ROE(3y)10.02%
ROE(5y)-3.3%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 23.60%, BL belongs to the best of the industry, outperforming 90.81% of the companies in the same industry.
BL has a better Operating Margin (4.06%) than 71.38% of its industry peers.
With a decent Gross Margin value of 75.29%, BL is doing good in the industry, outperforming 68.20% 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 | 4.06% | ||
| PM (TTM) | 23.6% | ||
| GM | 75.29% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y-1.12%
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.
Compared to 1 year ago, BL has more shares outstanding
Compared to 5 years ago, BL has more shares outstanding
BL has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.15 indicates that BL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of BL (2.15) is comparable to the rest of the industry.
BL has a debt to FCF ratio of 5.84. This is a neutral value as BL would need 5.84 years to pay back of all of its debts.
With a Debt to FCF ratio value of 5.84, BL perfoms like the industry average, outperforming 55.83% of the companies in the same industry.
A Debt/Equity ratio of 1.59 is on the high side and indicates that BL has dependencies on debt financing.
The Debt to Equity ratio of BL (1.59) is worse than 78.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 5.84 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.19
WACC9.64%
2.3 Liquidity
A Current Ratio of 1.66 indicates that BL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.66, BL perfoms like the industry average, outperforming 51.59% of the companies in the same industry.
A Quick Ratio of 1.66 indicates that BL should not have too much problems paying its short term obligations.
BL's Quick ratio of 1.66 is in line compared to the rest of the industry. BL outperforms 51.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.66 |
3. Growth
3.1 Past
The earnings per share for BL have decreased by -0.47% in the last year.
Measured over the past years, BL shows a very strong growth in Earnings Per Share. The EPS has been growing by 41.21% on average per year.
Looking at the last year, BL shows a quite strong growth in Revenue. The Revenue has grown by 8.93% in the last year.
Measured over the past years, BL shows a quite strong growth in Revenue. The Revenue has been growing by 17.72% on average per year.
EPS 1Y (TTM)-0.47%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-9.26%
Revenue 1Y (TTM)8.93%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%6.01%
3.2 Future
The Earnings Per Share is expected to grow by 8.33% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.39% on average over the next years. This is quite good.
EPS Next Y0.66%
EPS Next 2Y3.85%
EPS Next 3Y8.33%
EPS Next 5YN/A
Revenue Next Year7.06%
Revenue Next 2Y7.88%
Revenue Next 3Y9.39%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.31, the valuation of BL can be described as expensive.
72.44% of the companies in the same industry are more expensive than BL, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BL to the average of the S&P500 Index (25.91), we can say BL is valued inline with the index average.
The Price/Forward Earnings ratio is 22.93, which indicates a rather expensive current valuation of BL.
69.96% of the companies in the same industry are more expensive than BL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.77, BL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 22.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BL is valued a bit cheaper than 70.32% of the companies in the same industry.
79.51% of the companies in the same industry are more expensive than BL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.07 | ||
| EV/EBITDA | 39.61 |
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.
BL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)38.34
PEG (5Y)0.61
EPS Next 2Y3.85%
EPS Next 3Y8.33%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
54.16
-0.3 (-0.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners93.33%
Inst Owner Change2.07%
Ins Owners8%
Ins Owner Change15.86%
Market Cap3.38B
Analysts75.45
Price Target57.22 (5.65%)
Short Float %11.07%
Short Ratio7.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.65%
Min EPS beat(2)-9.1%
Max EPS beat(2)24.4%
EPS beat(4)3
Avg EPS beat(4)10.01%
Min EPS beat(4)-9.1%
Max EPS beat(4)24.4%
EPS beat(8)7
Avg EPS beat(8)19.09%
EPS beat(12)11
Avg EPS beat(12)113%
EPS beat(16)14
Avg EPS beat(16)101.83%
Revenue beat(2)0
Avg Revenue beat(2)-2.53%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)-2.27%
Revenue beat(4)0
Avg Revenue beat(4)-1.95%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-1.24%
Revenue beat(8)0
Avg Revenue beat(8)-2%
Revenue beat(12)0
Avg Revenue beat(12)-2.09%
Revenue beat(16)0
Avg Revenue beat(16)-1.98%
PT rev (1m)-14.09%
PT rev (3m)-15.14%
EPS NQ rev (1m)4.74%
EPS NQ rev (3m)3.33%
EPS NY rev (1m)5.47%
EPS NY rev (3m)5.04%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)-0.29%
Revenue NY rev (3m)-0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.31 | ||
| Fwd PE | 22.93 | ||
| P/S | 5.09 | ||
| P/FCF | 22.07 | ||
| P/OCF | 18.03 | ||
| P/B | 8.08 | ||
| P/tB | N/A | ||
| EV/EBITDA | 39.61 |
EPS(TTM)2.14
EY3.95%
EPS(NY)2.36
Fwd EY4.36%
FCF(TTM)2.45
FCFY4.53%
OCF(TTM)3
OCFY5.54%
SpS10.64
BVpS6.71
TBVpS-2.14
PEG (NY)38.34
PEG (5Y)0.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.78% | ||
| ROE | 37.42% | ||
| ROCE | 2.34% | ||
| ROIC | 1.85% | ||
| ROICexc | 7.48% | ||
| ROICexgc | N/A | ||
| OM | 4.06% | ||
| PM (TTM) | 23.6% | ||
| GM | 75.29% | ||
| FCFM | 23.08% |
ROA(3y)3.28%
ROA(5y)-0.14%
ROE(3y)10.02%
ROE(5y)-3.3%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y-1.12%
F-Score8
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 5.84 | ||
| Debt/EBITDA | 8.72 | ||
| Cap/Depr | 69.54% | ||
| Cap/Sales | 5.16% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 245.82% | ||
| Profit Quality | 97.79% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.66 | ||
| Altman-Z | 2.15 |
F-Score8
WACC9.64%
ROIC/WACC0.19
Cap/Depr(3y)59.63%
Cap/Depr(5y)71.52%
Cap/Sales(3y)4.85%
Cap/Sales(5y)5.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.47%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-9.26%
EPS Next Y0.66%
EPS Next 2Y3.85%
EPS Next 3Y8.33%
EPS Next 5YN/A
Revenue 1Y (TTM)8.93%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%6.01%
Revenue Next Year7.06%
Revenue Next 2Y7.88%
Revenue Next 3Y9.39%
Revenue Next 5YN/A
EBIT growth 1Y-35.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year46.19%
EBIT Next 3Y23.2%
EBIT Next 5YN/A
FCF growth 1Y231.41%
FCF growth 3Y42.38%
FCF growth 5Y52.28%
OCF growth 1Y137.81%
OCF growth 3Y33.57%
OCF growth 5Y45.05%