BLACKSTONE INC (BX) Stock Fundamental Analysis
USA - NYSE:BX - US09260D1072 - Common Stock
161.43 USD
+0.99 (+0.62%)
161.5 USD
+0.07 (+0.04%)
BX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 236 industry peers in the Capital Markets industry. While BX belongs to the best of the industry regarding profitability, there are concerns on its financial health. BX shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
BX had positive earnings in the past year.
BX had a positive operating cash flow in the past year.
BX had positive earnings in each of the past 5 years.
Each year in the past 5 years BX had a positive operating cash flow.
1.2 Ratios
BX has a Return On Assets of 6.31%. This is in the better half of the industry: BX outperforms 76.69% of its industry peers.
With an excellent Return On Equity value of 34.29%, BX belongs to the best of the industry, outperforming 96.61% of the companies in the same industry.
With an excellent Return On Invested Capital value of 17.66%, BX belongs to the best of the industry, outperforming 92.80% of the companies in the same industry.
BX had an Average Return On Invested Capital over the past 3 years of 12.81%. This is significantly above the industry average of 7.56%.
The last Return On Invested Capital (17.66%) for BX is above the 3 year average (12.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 34.29% | ||
| ROIC | 17.66% |
ROA(3y)4.65%
ROA(5y)6.43%
ROE(3y)25.68%
ROE(5y)30.98%
ROIC(3y)12.81%
ROIC(5y)17.48%
1.3 Margins
BX's Profit Margin of 20.83% is in line compared to the rest of the industry. BX outperforms 56.78% of its industry peers.
BX's Profit Margin has declined in the last couple of years.
BX has a Operating Margin of 50.95%. This is amongst the best in the industry. BX outperforms 86.02% of its industry peers.
In the last couple of years the Operating Margin of BX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 50.95% | ||
| PM (TTM) | 20.83% | ||
| GM | N/A |
OM growth 3Y-4.19%
OM growth 5Y1.25%
PM growth 3Y-6.82%
PM growth 5Y-5.56%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, BX has more shares outstanding
The number of shares outstanding for BX has been increased compared to 5 years ago.
The debt/assets ratio for BX has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.83 indicates that BX is not in any danger for bankruptcy at the moment.
The Altman-Z score of BX (3.83) is better than 81.36% of its industry peers.
The Debt to FCF ratio of BX is 3.66, which is a good value as it means it would take BX, 3.66 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.66, BX is in the better half of the industry, outperforming 76.69% of the companies in the same industry.
A Debt/Equity ratio of 1.44 is on the high side and indicates that BX has dependencies on debt financing.
With a Debt to Equity ratio value of 1.44, BX is not doing good in the industry: 69.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 3.66 | ||
| Altman-Z | 3.83 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.70 indicates that BX may have some problems paying its short term obligations.
BX has a Current ratio of 0.70. This is in the lower half of the industry: BX underperforms 68.64% of its industry peers.
BX has a Quick Ratio of 0.70. This is a bad value and indicates that BX is not financially healthy enough and could expect problems in meeting its short term obligations.
BX has a Quick ratio of 0.70. This is in the lower half of the industry: BX underperforms 68.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
BX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.31%, which is quite impressive.
Measured over the past years, BX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.97% on average per year.
The Revenue has grown by 33.33% in the past year. This is a very strong growth!
BX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.51% yearly.
EPS 1Y (TTM)25.31%
EPS 3Y-0.92%
EPS 5Y14.97%
EPS Q2Q%26.04%
Revenue 1Y (TTM)33.33%
Revenue growth 3Y-16.32%
Revenue growth 5Y12.51%
Sales Q2Q%22.18%
3.2 Future
The Earnings Per Share is expected to grow by 16.50% on average over the next years. This is quite good.
The Revenue is expected to grow by 15.92% on average over the next years. This is quite good.
EPS Next Y12.04%
EPS Next 2Y20.42%
EPS Next 3Y21.84%
EPS Next 5Y16.5%
Revenue Next Year9.39%
Revenue Next 2Y18.01%
Revenue Next 3Y19.89%
Revenue Next 5Y15.92%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BX is valuated quite expensively with a Price/Earnings ratio of 32.29.
Compared to the rest of the industry, the Price/Earnings ratio of BX indicates a slightly more expensive valuation: BX is more expensive than 73.31% of the companies listed in the same industry.
BX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.77, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 23.99, BX is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BX indicates a slightly more expensive valuation: BX is more expensive than 64.83% of the companies listed in the same industry.
BX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.29 | ||
| Fwd PE | 23.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BX is valued a bit cheaper than the industry average as 64.83% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.3 | ||
| EV/EBITDA | 28.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BX does not grow enough to justify the current Price/Earnings ratio.
BX has a very decent profitability rating, which may justify a higher PE ratio.
BX's earnings are expected to grow with 21.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.68
PEG (5Y)2.16
EPS Next 2Y20.42%
EPS Next 3Y21.84%
5. Dividend
5.1 Amount
BX has a Yearly Dividend Yield of 2.60%. Purely for dividend investing, there may be better candidates out there.
BX's Dividend Yield is comparable with the industry average which is at 8.51.
Compared to an average S&P500 Dividend Yield of 2.36, BX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
5.2 History
On average, the dividend of BX grows each year by 11.16%, which is quite nice.
BX has been paying a dividend for at least 10 years, so it has a reliable track record.
BX has decreased its dividend recently.
Dividend Growth(5Y)11.16%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BX pays out 182.75% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP182.75%
EPS Next 2Y20.42%
EPS Next 3Y21.84%
161.43
+0.99 (+0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners70.37%
Inst Owner Change-11.93%
Ins Owners0.8%
Ins Owner Change-3.92%
Market Cap191.24B
Revenue(TTM)13.75B
Net Income(TTM)2.86B
Analysts76.77
Price Target186.45 (15.5%)
Short Float %1.71%
Short Ratio3.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.6% |
Yearly Dividend6.1
Dividend Growth(5Y)11.16%
DP182.75%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.84%
Min EPS beat(2)0.65%
Max EPS beat(2)7.03%
EPS beat(4)4
Avg EPS beat(4)6.66%
Min EPS beat(4)0.65%
Max EPS beat(4)12.43%
EPS beat(8)5
Avg EPS beat(8)2.96%
EPS beat(12)7
Avg EPS beat(12)2.84%
EPS beat(16)11
Avg EPS beat(16)8.35%
Revenue beat(2)1
Avg Revenue beat(2)3.38%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)6.98%
Revenue beat(4)2
Avg Revenue beat(4)2.44%
Min Revenue beat(4)-1.86%
Max Revenue beat(4)6.98%
Revenue beat(8)2
Avg Revenue beat(8)-1.46%
Revenue beat(12)2
Avg Revenue beat(12)-13.7%
Revenue beat(16)5
Avg Revenue beat(16)7.59%
PT rev (1m)0%
PT rev (3m)20.37%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)2.07%
EPS NY rev (1m)0%
EPS NY rev (3m)3.93%
Revenue NQ rev (1m)-0.62%
Revenue NQ rev (3m)0.78%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)2.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.29 | ||
| Fwd PE | 23.99 | ||
| P/S | 13.91 | ||
| P/FCF | 58.3 | ||
| P/OCF | 56.56 | ||
| P/B | 22.9 | ||
| P/tB | 30.28 | ||
| EV/EBITDA | 28.51 |
EPS(TTM)5
EY3.1%
EPS(NY)6.73
Fwd EY4.17%
FCF(TTM)2.77
FCFY1.72%
OCF(TTM)2.85
OCFY1.77%
SpS11.6
BVpS7.05
TBVpS5.33
PEG (NY)2.68
PEG (5Y)2.16
Graham Number28.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 34.29% | ||
| ROCE | 21.17% | ||
| ROIC | 17.66% | ||
| ROICexc | 19.13% | ||
| ROICexgc | 20.63% | ||
| OM | 50.95% | ||
| PM (TTM) | 20.83% | ||
| GM | N/A | ||
| FCFM | 23.86% |
ROA(3y)4.65%
ROA(5y)6.43%
ROE(3y)25.68%
ROE(5y)30.98%
ROIC(3y)12.81%
ROIC(5y)17.48%
ROICexc(3y)14.24%
ROICexc(5y)19.2%
ROICexgc(3y)15.53%
ROICexgc(5y)21.12%
ROCE(3y)15.37%
ROCE(5y)21.01%
ROICexgc growth 3Y-21.19%
ROICexgc growth 5Y9.44%
ROICexc growth 3Y-21.05%
ROICexc growth 5Y9.86%
OM growth 3Y-4.19%
OM growth 5Y1.25%
PM growth 3Y-6.82%
PM growth 5Y-5.56%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 3.66 | ||
| Debt/EBITDA | 1.71 | ||
| Cap/Depr | 280.1% | ||
| Cap/Sales | 0.73% | ||
| Interest Coverage | 14.47 | ||
| Cash Conversion | 48.02% | ||
| Profit Quality | 114.54% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 3.83 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)360.42%
Cap/Depr(5y)264.86%
Cap/Sales(3y)2.01%
Cap/Sales(5y)1.63%
Profit Quality(3y)249.28%
Profit Quality(5y)197.86%
High Growth Momentum
Growth
EPS 1Y (TTM)25.31%
EPS 3Y-0.92%
EPS 5Y14.97%
EPS Q2Q%26.04%
EPS Next Y12.04%
EPS Next 2Y20.42%
EPS Next 3Y21.84%
EPS Next 5Y16.5%
Revenue 1Y (TTM)33.33%
Revenue growth 3Y-16.32%
Revenue growth 5Y12.51%
Sales Q2Q%22.18%
Revenue Next Year9.39%
Revenue Next 2Y18.01%
Revenue Next 3Y19.89%
Revenue Next 5Y15.92%
EBIT growth 1Y39.89%
EBIT growth 3Y-19.82%
EBIT growth 5Y13.91%
EBIT Next Year5.24%
EBIT Next 3Y19.12%
EBIT Next 5Y6.22%
FCF growth 1Y-6.6%
FCF growth 3Y-4.46%
FCF growth 5Y12.44%
OCF growth 1Y-10.47%
OCF growth 3Y-4.41%
OCF growth 5Y12.14%