BLACKLINE INC (BL) Stock Fundamental Analysis
USA - NASDAQ:BL - US09239B1098 - Common Stock
49.82 USD
+0.08 (+0.16%)
49.82 USD
0 (0%)
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. There are concerns on the financial health of BL while its profitability can be described as average. While showing a medium growth rate, BL is valued expensive at the moment.
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.
The reported net income has been mixed in the past 5 years: BL reported negative net income in multiple years.
In the past 5 years BL always reported a positive cash flow from operatings.
1.2 Ratios
BL has a better Return On Assets (4.91%) than 73.05% of its industry peers.
The Return On Equity of BL (21.25%) is better than 87.23% 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 67.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.91% | ||
| ROE | 21.25% | ||
| ROIC | 2.23% |
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
Looking at the Profit Margin, with a value of 13.05%, BL is in the better half of the industry, outperforming 75.18% of the companies in the same industry.
Looking at the Operating Margin, with a value of 4.80%, BL is in the better half of the industry, outperforming 67.38% of the companies in the same industry.
BL has a Gross Margin of 75.37%. This is in the better half of the industry: BL outperforms 68.09% of its industry peers.
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 | 4.8% | ||
| PM (TTM) | 13.05% | ||
| GM | 75.37% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BL is destroying value.
BL has more shares outstanding than it did 1 year ago.
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 2.02 indicates that BL is not a great score, but indicates only limited risk for bankruptcy at the moment.
BL has a Altman-Z score (2.02) which is in line with its industry peers.
BL has a debt to FCF ratio of 6.21. This is a slightly negative value and a sign of low solvency as BL would need 6.21 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.21, BL is in line with its industry, outperforming 55.32% of the companies in the same industry.
BL has a Debt/Equity ratio of 1.61. This is a high value indicating a heavy dependency on external financing.
BL's Debt to Equity ratio of 1.61 is on the low side compared to the rest of the industry. BL is outperformed by 78.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 6.21 | ||
| Altman-Z | 2.02 |
ROIC/WACC0.23
WACC9.78%
2.3 Liquidity
A Current Ratio of 1.64 indicates that BL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.64, BL perfoms like the industry average, outperforming 52.48% of the companies in the same industry.
BL has a Quick Ratio of 1.64. This is a normal value and indicates that BL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of BL (1.64) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
BL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.78%.
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.
BL shows a small growth in Revenue. In the last year, the Revenue has grown by 8.00%.
The Revenue has been growing by 17.72% on average over the past years. This is quite good.
EPS 1Y (TTM)-10.78%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-12.07%
Revenue 1Y (TTM)8%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%7.18%
3.2 Future
The Earnings Per Share is expected to grow by 9.88% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.26% on average over the next years. This is quite good.
EPS Next Y1.06%
EPS Next 2Y4.92%
EPS Next 3Y9.88%
EPS Next 5YN/A
Revenue Next Year7.41%
Revenue Next 2Y8.09%
Revenue Next 3Y9.26%
Revenue Next 5YN/A
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 24.07 indicates a rather expensive valuation of BL.
Based on the Price/Earnings ratio, BL is valued a bit cheaper than the industry average as 71.28% of the companies are valued more expensively.
BL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.67, which indicates a rather expensive current valuation of BL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BL indicates a somewhat cheap valuation: BL is cheaper than 74.11% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, BL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.07 | ||
| Fwd PE | 20.67 |
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 71.28% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BL is valued a bit cheaper than the industry average as 78.37% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.42 | ||
| EV/EBITDA | 33.79 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)22.61
PEG (5Y)0.58
EPS Next 2Y4.92%
EPS Next 3Y9.88%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
49.82
+0.08 (+0.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners98.04%
Inst Owner Change-0.02%
Ins Owners8.61%
Ins Owner Change0.18%
Market Cap3.08B
Analysts75.65
Price Target62.81 (26.07%)
Short Float %12.79%
Short Ratio8.69
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)10.73%
Min EPS beat(2)-2.94%
Max EPS beat(2)24.4%
EPS beat(4)2
Avg EPS beat(4)6.3%
Min EPS beat(4)-9.1%
Max EPS beat(4)24.4%
EPS beat(8)6
Avg EPS beat(8)13.92%
EPS beat(12)10
Avg EPS beat(12)40.18%
EPS beat(16)13
Avg EPS beat(16)96.56%
Revenue beat(2)0
Avg Revenue beat(2)-2.51%
Min Revenue beat(2)-2.79%
Max Revenue beat(2)-2.23%
Revenue beat(4)0
Avg Revenue beat(4)-2.13%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-1.24%
Revenue beat(8)0
Avg Revenue beat(8)-1.97%
Revenue beat(12)0
Avg Revenue beat(12)-2.16%
Revenue beat(16)0
Avg Revenue beat(16)-2%
PT rev (1m)0%
PT rev (3m)6.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.49%
EPS NY rev (1m)0.04%
EPS NY rev (3m)0.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.07 | ||
| Fwd PE | 20.67 | ||
| P/S | 4.57 | ||
| P/FCF | 21.42 | ||
| P/OCF | 17.24 | ||
| P/B | 7.45 | ||
| P/tB | N/A | ||
| EV/EBITDA | 33.79 |
EPS(TTM)2.07
EY4.15%
EPS(NY)2.41
Fwd EY4.84%
FCF(TTM)2.33
FCFY4.67%
OCF(TTM)2.89
OCFY5.8%
SpS10.9
BVpS6.69
TBVpS-2.18
PEG (NY)22.61
PEG (5Y)0.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.91% | ||
| ROE | 21.25% | ||
| ROCE | 2.82% | ||
| ROIC | 2.23% | ||
| ROICexc | 8.78% | ||
| ROICexgc | N/A | ||
| OM | 4.8% | ||
| PM (TTM) | 13.05% | ||
| GM | 75.37% | ||
| FCFM | 21.35% |
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-Score7
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 6.21 | ||
| Debt/EBITDA | 8.27 | ||
| Cap/Depr | 72.59% | ||
| Cap/Sales | 5.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 222.36% | ||
| Profit Quality | 163.57% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 2.02 |
F-Score7
WACC9.78%
ROIC/WACC0.23
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)-10.78%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-12.07%
EPS Next Y1.06%
EPS Next 2Y4.92%
EPS Next 3Y9.88%
EPS Next 5YN/A
Revenue 1Y (TTM)8%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%7.18%
Revenue Next Year7.41%
Revenue Next 2Y8.09%
Revenue Next 3Y9.26%
Revenue Next 5YN/A
EBIT growth 1Y20.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year46.5%
EBIT Next 3Y25.75%
EBIT Next 5YN/A
FCF growth 1Y108.34%
FCF growth 3Y42.38%
FCF growth 5Y52.28%
OCF growth 1Y83.67%
OCF growth 3Y33.57%
OCF growth 5Y45.05%