BLACKLINE INC (BL) Stock Fundamental Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
Overall BL gets a fundamental rating of 4 out of 10. We evaluated BL against 282 industry peers in the Software industry. There are concerns on the financial health of BL while its profitability can be described as average. 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.
BL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BL reported negative net income in multiple years.
BL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BL (8.78%) is better than 84.75% of its industry peers.
With an excellent Return On Equity value of 37.42%, BL belongs to the best of the industry, outperforming 92.91% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.85%, BL is in the better half of the industry, outperforming 69.50% of the companies in the same industry.
| 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 91.49% of the companies in the same industry.
With a decent Operating Margin value of 4.06%, BL is doing good in the industry, outperforming 70.21% of the companies in the same industry.
With a decent Gross Margin value of 75.29%, BL is doing good in the industry, outperforming 67.02% of the companies in the same industry.
BL's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BL is destroying value.
Compared to 1 year ago, BL has more shares outstanding
BL has more shares outstanding than it did 5 years ago.
BL has a better debt/assets ratio than last year.
2.2 Solvency
BL has an Altman-Z score of 2.20. This is not the best score and indicates that BL is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.20, BL is in line with its industry, outperforming 50.00% of the companies in the same 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.
BL has a Debt to FCF ratio of 5.84. This is comparable to the rest of the industry: BL outperforms 56.74% of its industry peers.
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 78.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.59 | ||
| Debt/FCF | 5.84 | ||
| Altman-Z | 2.2 |
ROIC/WACC0.2
WACC9.44%
2.3 Liquidity
A Current Ratio of 1.66 indicates that BL should not have too much problems paying its short term obligations.
BL's Current ratio of 1.66 is in line compared to the rest of the industry. BL outperforms 51.42% of its industry peers.
BL has a Quick Ratio of 1.66. This is a normal value and indicates that BL is financially healthy and should not expect problems in meeting its short term obligations.
BL has a Quick ratio (1.66) which is comparable to the rest of the industry.
| 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.
The Earnings Per Share has been growing by 41.21% on average over the past years. This is a very strong growth
The Revenue has grown by 8.93% in the past year. This is quite good.
BL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.72% yearly.
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 8.39% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.22% on average over the next years. This is quite good.
EPS Next Y0.88%
EPS Next 2Y3.66%
EPS Next 3Y8.39%
EPS Next 5YN/A
Revenue Next Year7.08%
Revenue Next 2Y7.88%
Revenue Next 3Y9.22%
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 26.43, the valuation of BL can be described as expensive.
Based on the Price/Earnings ratio, BL is valued a bit cheaper than 74.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.50. BL is around the same levels.
Based on the Price/Forward Earnings ratio of 24.03, the valuation of BL can be described as rather expensive.
Based on the Price/Forward Earnings ratio, BL is valued a bit cheaper than the industry average as 72.69% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BL to the average of the S&P500 Index (36.44), we can say BL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 24.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BL is valued a bit cheaper than the industry average as 68.44% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BL indicates a somewhat cheap valuation: BL is cheaper than 79.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.05 | ||
| EV/EBITDA | 41.06 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)30.15
PEG (5Y)0.64
EPS Next 2Y3.66%
EPS Next 3Y8.39%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
56.56
+0.63 (+1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners95.67%
Inst Owner Change0%
Ins Owners8.54%
Ins Owner Change16.49%
Market Cap3.52B
Analysts74.78
Price Target58.75 (3.87%)
Short Float %13.69%
Short Ratio9.6
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)0%
PT rev (3m)-11.79%
EPS NQ rev (1m)0.28%
EPS NQ rev (3m)5.03%
EPS NY rev (1m)0.21%
EPS NY rev (3m)5.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.43 | ||
| Fwd PE | 24.03 | ||
| P/S | 5.32 | ||
| P/FCF | 23.05 | ||
| P/OCF | 18.83 | ||
| P/B | 8.43 | ||
| P/tB | N/A | ||
| EV/EBITDA | 41.06 |
EPS(TTM)2.14
EY3.78%
EPS(NY)2.35
Fwd EY4.16%
FCF(TTM)2.45
FCFY4.34%
OCF(TTM)3
OCFY5.31%
SpS10.64
BVpS6.71
TBVpS-2.14
PEG (NY)30.15
PEG (5Y)0.64
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 | 2.2 |
F-Score8
WACC9.44%
ROIC/WACC0.2
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 Y0.88%
EPS Next 2Y3.66%
EPS Next 3Y8.39%
EPS Next 5YN/A
Revenue 1Y (TTM)8.93%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%6.01%
Revenue Next Year7.08%
Revenue Next 2Y7.88%
Revenue Next 3Y9.22%
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%