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BULLISH (BLSH) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:BLSH - KYG169101204 - Common Stock

43.47 USD
+2.44 (+5.95%)
Last: 12/2/2025, 11:16:05 AM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BLSH. BLSH was compared to 238 industry peers in the Capital Markets industry. BLSH scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BLSH is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

BLSH had positive earnings in the past year.
In multiple years BLSH reported negative net income over the last 5 years.
In the past 5 years BLSH reported 4 times negative operating cash flow.
BLSH Yearly Net Income VS EBIT VS OCF VS FCFBLSH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 1B -1B -2B -3B -4B

1.2 Ratios

BLSH's Return On Assets of 1.70% is in line compared to the rest of the industry. BLSH outperforms 42.86% of its industry peers.
The Return On Equity of BLSH (2.00%) is worse than 70.59% of its industry peers.
Industry RankSector Rank
ROA 1.7%
ROE 2%
ROIC N/A
ROA(3y)-16.69%
ROA(5y)-13.85%
ROE(3y)-40.28%
ROE(5y)-28.85%
ROIC(3y)N/A
ROIC(5y)N/A
BLSH Yearly ROA, ROE, ROICBLSH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 100 -100 -200

1.3 Margins

BLSH has a worse Profit Margin (0.03%) than 73.53% of its industry peers.
BLSH has a worse Gross Margin (0.04%) than 71.43% of its industry peers.
Industry RankSector Rank
OM N/A
PM (TTM) 0.03%
GM 0.04%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BLSH Yearly Profit, Operating, Gross MarginsBLSH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -20 -40 -60 -80 -100

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6

2. Health

2.1 Basic Checks

Compared to 1 year ago, BLSH has about the same amount of shares outstanding.
BLSH has a better debt/assets ratio than last year.
BLSH Yearly Shares OutstandingBLSH Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M
BLSH Yearly Total Debt VS Total AssetsBLSH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

An Altman-Z score of 59.94 indicates that BLSH is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 59.94, BLSH belongs to the best of the industry, outperforming 97.90% of the companies in the same industry.
A Debt/Equity ratio of 0.14 indicates that BLSH is not too dependend on debt financing.
The Debt to Equity ratio of BLSH (0.14) is better than 76.89% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z 59.94
ROIC/WACCN/A
WACCN/A
BLSH Yearly LT Debt VS Equity VS FCFBLSH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

BLSH has a Current Ratio of 38.78. This indicates that BLSH is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 38.78, BLSH belongs to the top of the industry, outperforming 99.58% of the companies in the same industry.
BLSH has a Quick Ratio of 36.58. This indicates that BLSH is financially healthy and has no problem in meeting its short term obligations.
BLSH's Quick ratio of 36.58 is amongst the best of the industry. BLSH outperforms 99.58% of its industry peers.
Industry RankSector Rank
Current Ratio 38.78
Quick Ratio 36.58
BLSH Yearly Current Assets VS Current LiabilitesBLSH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2B 4B 6B

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4

3. Growth

3.1 Past

The earnings per share for BLSH have decreased strongly by -93.92% in the last year.
Looking at the last year, BLSH shows a very strong growth in Revenue. The Revenue has grown by 114.78%.
The Revenue has been growing by 474.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-93.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)114.78%
Revenue growth 3Y474.21%
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

Based on estimates for the next years, BLSH will show a very strong growth in Earnings Per Share. The EPS will grow by 22.76% on average per year.
BLSH is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -79.13% yearly.
EPS Next Y-43.28%
EPS Next 2Y26.05%
EPS Next 3Y28.46%
EPS Next 5Y22.76%
Revenue Next Year-99.89%
Revenue Next 2Y-96.15%
Revenue Next 3Y-88%
Revenue Next 5Y-79.13%

3.3 Evolution

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.
BLSH Yearly Revenue VS EstimatesBLSH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 50B 100B 150B 200B 250B
BLSH Yearly EPS VS EstimatesBLSH Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 82.02, which means the current valuation is very expensive for BLSH.
78.15% of the companies in the same industry are cheaper than BLSH, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.11. BLSH is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 51.62, the valuation of BLSH can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLSH indicates a slightly more expensive valuation: BLSH is more expensive than 71.85% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.21, BLSH is valued a bit more expensive.
Industry RankSector Rank
PE 82.02
Fwd PE 51.62
BLSH Price Earnings VS Forward Price EarningsBLSH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BLSH Per share dataBLSH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 500 1K 1.5K

4.3 Compensation for Growth

BLSH's earnings are expected to grow with 28.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y26.05%
EPS Next 3Y28.46%

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0

5. Dividend

5.1 Amount

BLSH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BULLISH

NYSE:BLSH (12/2/2025, 11:16:05 AM)

43.47

+2.44 (+5.95%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-19 2025-11-19/bmo
Earnings (Next)N/A N/A
Inst Owners0.24%
Inst Owner ChangeN/A
Ins Owners68.11%
Ins Owner ChangeN/A
Market Cap6.35B
Revenue(TTM)250.20B
Net Income(TTM)78.53M
Analysts73.33
Price Target61.71 (41.96%)
Short Float %18.84%
Short Ratio1.95
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-47.32%
Min EPS beat(2)-93.83%
Max EPS beat(2)-0.81%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.66%
Min Revenue beat(2)-0.02%
Max Revenue beat(2)5.34%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.46%
PT rev (3m)N/A
EPS NQ rev (1m)6.62%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-8.81%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)12.47%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.1%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 82.02
Fwd PE 51.62
P/S 0.03
P/FCF N/A
P/OCF N/A
P/B 1.62
P/tB 1.66
EV/EBITDA N/A
EPS(TTM)0.53
EY1.22%
EPS(NY)0.84
Fwd EY1.94%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1711.6
BVpS26.8
TBVpS26.15
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.88
Profitability
Industry RankSector Rank
ROA 1.7%
ROE 2%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 0.03%
GM 0.04%
FCFM N/A
ROA(3y)-16.69%
ROA(5y)-13.85%
ROE(3y)-40.28%
ROE(5y)-28.85%
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
ROICexgc growth 3YN/A
ROICexgc 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 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover54.12
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 38.78
Quick Ratio 36.58
Altman-Z 59.94
F-ScoreN/A
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)79.12%
Cap/Depr(5y)N/A
Cap/Sales(3y)0%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-93.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next Y-43.28%
EPS Next 2Y26.05%
EPS Next 3Y28.46%
EPS Next 5Y22.76%
Revenue 1Y (TTM)114.78%
Revenue growth 3Y474.21%
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year-99.89%
Revenue Next 2Y-96.15%
Revenue Next 3Y-88%
Revenue Next 5Y-79.13%
EBIT growth 1Y-38.3%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year210.56%
EBIT Next 3Y68.67%
EBIT Next 5Y52.07%
FCF growth 1Y64.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y76.33%
OCF growth 3YN/A
OCF growth 5YN/A

BULLISH / BLSH FAQ

What is the fundamental rating for BLSH stock?

ChartMill assigns a fundamental rating of 3 / 10 to BLSH.


Can you provide the valuation status for BULLISH?

ChartMill assigns a valuation rating of 1 / 10 to BULLISH (BLSH). This can be considered as Overvalued.


Can you provide the profitability details for BULLISH?

BULLISH (BLSH) has a profitability rating of 1 / 10.


What is the valuation of BULLISH based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BULLISH (BLSH) is 82.02 and the Price/Book (PB) ratio is 1.62.


Can you provide the financial health for BLSH stock?

The financial health rating of BULLISH (BLSH) is 6 / 10.