BLACKLINE INC (BL) Stock Fundamental Analysis
NASDAQ:BL - US09239B1098 - Common Stock
54.37 USD
+0.13 (+0.24%)
54.37 USD
0 (0%)
Overall BL gets a fundamental rating of 4 out of 10. We evaluated BL against 280 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. 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.
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.
In the past 5 years BL always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.91%, BL is doing good in the industry, outperforming 73.21% of the companies in the same industry.
BL has a Return On Equity of 21.25%. This is amongst the best in the industry. BL outperforms 87.50% of its industry peers.
With a decent Return On Invested Capital value of 2.23%, BL is doing good in the industry, outperforming 68.21% of the companies in the same industry.
| 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
BL has a better Profit Margin (13.05%) than 75.36% of its industry peers.
BL's Operating Margin of 4.80% is fine compared to the rest of the industry. BL outperforms 68.93% of its industry peers.
BL's Gross Margin of 75.37% is fine compared to the rest of the industry. BL outperforms 68.57% of its industry peers.
BL's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 1 year ago, BL has more shares outstanding
Compared to 5 years ago, BL has more shares outstanding
Compared to 1 year ago, BL has an improved debt to assets ratio.
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.
BL has a Altman-Z score of 2.15. This is comparable to the rest of the industry: BL outperforms 50.71% of its industry peers.
The Debt to FCF ratio of BL is 6.21, which is on the high side as it means it would take BL, 6.21 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.21, BL perfoms like the industry average, outperforming 55.36% 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 has a Debt to Equity ratio of 1.61. This is in the lower half of the industry: BL underperforms 78.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.61 | ||
| Debt/FCF | 6.21 | ||
| Altman-Z | 2.15 |
ROIC/WACC0.22
WACC9.9%
2.3 Liquidity
BL has a Current 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.
BL has a Current ratio (1.64) which is in line with its industry peers.
A Quick Ratio of 1.64 indicates that BL should not have too much problems paying 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
The earnings per share for BL have decreased strongly by -10.78% in the last year.
BL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 41.21% yearly.
Looking at the last year, BL shows a small growth in Revenue. The Revenue has grown by 8.00% in the last year.
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
Based on estimates for the next years, BL will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.45% on average per year.
BL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.21% yearly.
EPS Next Y1.03%
EPS Next 2Y4.92%
EPS Next 3Y9.45%
EPS Next 5YN/A
Revenue Next Year7.42%
Revenue Next 2Y8.1%
Revenue Next 3Y9.21%
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 26.27 indicates a quite expensive valuation of BL.
Based on the Price/Earnings ratio, BL is valued a bit cheaper than the industry average as 69.64% 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 27.13, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 22.55 indicates a rather expensive 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 72.14% of the companies listed in the same industry.
BL is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.27 | ||
| Fwd PE | 22.55 |
4.2 Price Multiples
BL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BL is cheaper than 68.93% of the companies in the same industry.
77.86% 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 | 23.38 | ||
| EV/EBITDA | 37.35 |
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)25.54
PEG (5Y)0.64
EPS Next 2Y4.92%
EPS Next 3Y9.45%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
54.37
+0.13 (+0.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners95.54%
Inst Owner Change-0.1%
Ins Owners8.56%
Ins Owner Change16.49%
Market Cap3.36B
Analysts75.65
Price Target62.81 (15.52%)
Short Float %12.28%
Short Ratio8.08
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)6.7%
PT rev (3m)9.77%
EPS NQ rev (1m)-10.35%
EPS NQ rev (3m)-10.55%
EPS NY rev (1m)0.15%
EPS NY rev (3m)0.37%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.27 | ||
| Fwd PE | 22.55 | ||
| P/S | 4.99 | ||
| P/FCF | 23.38 | ||
| P/OCF | 18.82 | ||
| P/B | 8.13 | ||
| P/tB | N/A | ||
| EV/EBITDA | 37.35 |
EPS(TTM)2.07
EY3.81%
EPS(NY)2.41
Fwd EY4.43%
FCF(TTM)2.33
FCFY4.28%
OCF(TTM)2.89
OCFY5.31%
SpS10.9
BVpS6.69
TBVpS-2.18
PEG (NY)25.54
PEG (5Y)0.64
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 | 2.15 |
F-Score7
WACC9.9%
ROIC/WACC0.22
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 Y1.03%
EPS Next 2Y4.92%
EPS Next 3Y9.45%
EPS Next 5YN/A
Revenue 1Y (TTM)8%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%7.18%
Revenue Next Year7.42%
Revenue Next 2Y8.1%
Revenue Next 3Y9.21%
Revenue Next 5YN/A
EBIT growth 1Y20.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year48.33%
EBIT Next 3Y25.05%
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%