BLACKSTONE INC (BX)
US09260D1072 - Common Stock
Overall BX gets a fundamental rating of 4 out of 10. We evaluated BX against 207 industry peers in the Capital Markets industry. While BX has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, BX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
BX had positive earnings in the past year.
In the past year BX had a positive cash flow from operations.
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 better Return On Assets (4.31%) than 61.76% of its industry peers.
BX has a better Return On Equity (25.19%) than 90.69% of its industry peers.
BX has a better Return On Invested Capital (10.78%) than 84.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BX is significantly above the industry average of 9.53%.
The 3 year average ROIC (20.94%) for BX is well above the current ROIC(10.78%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 25.19% | ||
| ROIC | 10.78% |
ROA(3y)7.44%
ROA(5y)6.79%
ROE(3y)33.57%
ROE(5y)30.82%
ROIC(3y)20.94%
ROIC(5y)17.54%
1.3 Margins
With a Profit Margin value of 21.29%, BX perfoms like the industry average, outperforming 56.86% of the companies in the same industry.
In the last couple of years the Profit Margin of BX has remained more or less at the same level.
Looking at the Operating Margin, with a value of 44.48%, BX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
In the last couple of years the Operating Margin of BX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.48% | ||
| PM (TTM) | 21.29% | ||
| GM | N/A |
OM growth 3Y-2.35%
OM growth 5Y-2.03%
PM growth 3Y-9.77%
PM growth 5Y-0.06%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, BX has more shares outstanding
BX has more shares outstanding than it did 5 years ago.
BX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.92 indicates that BX is not a great score, but indicates only limited risk for bankruptcy at the moment.
BX has a Altman-Z score of 2.92. This is in the better half of the industry: BX outperforms 76.96% of its industry peers.
BX has a debt to FCF ratio of 3.33. This is a good value and a sign of high solvency as BX would need 3.33 years to pay back of all of its debts.
The Debt to FCF ratio of BX (3.33) is better than 75.98% of its industry peers.
A Debt/Equity ratio of 1.70 is on the high side and indicates that BX has dependencies on debt financing.
BX has a Debt to Equity ratio of 1.70. This is in the lower half of the industry: BX underperforms 74.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | 2.92 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.78 indicates that BX may have some problems paying its short term obligations.
BX has a worse Current ratio (0.78) than 66.67% of its industry peers.
A Quick Ratio of 0.78 indicates that BX may have some problems paying its short term obligations.
BX's Quick ratio of 0.78 is on the low side compared to the rest of the industry. BX is outperformed by 66.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The earnings per share for BX have decreased strongly by -32.70% in the last year.
The Earnings Per Share has been growing by 12.97% on average over the past years. This is quite good.
Looking at the last year, BX shows a very negative growth in Revenue. The Revenue has decreased by -32.87% in the last year.
Measured over the past years, BX shows a small growth in Revenue. The Revenue has been growing by 3.58% on average per year.
EPS 1Y (TTM)-32.7%
EPS 3Y30.81%
EPS 5Y12.97%
EPS growth Q2Q-11.32%
Revenue 1Y (TTM)-32.87%
Revenue growth 3Y5.1%
Revenue growth 5Y3.58%
Revenue growth Q2Q140.18%
3.2 Future
Based on estimates for the next years, BX will show a small growth in Earnings Per Share. The EPS will grow by 6.26% on average per year.
Based on estimates for the next years, BX will show a quite strong growth in Revenue. The Revenue will grow by 8.56% on average per year.
EPS Next Y-15.92%
EPS Next 2Y8.66%
EPS Next 3Y11.26%
EPS Next 5Y6.26%
Revenue Next Year-16.53%
Revenue Next 2Y6.58%
Revenue Next 3Y9.07%
Revenue Next 5Y8.56%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 29.73, BX can be considered very expensive at the moment.
75.00% of the companies in the same industry are cheaper than BX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 24.81. BX is around the same levels.
With a Price/Forward Earnings ratio of 19.04, 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 63.24% 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 19.91, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 19.04 |
4.2 Price Multiples
BX's Enterprise Value to EBITDA ratio is in line with the industry average.
BX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.08 | ||
| EV/EBITDA | 39.42 |
4.3 Compensation for Growth
BX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.29
EPS Next 2Y8.66%
EPS Next 3Y11.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.95%, BX has a reasonable but not impressive dividend return.
BX's Dividend Yield is slightly below the industry average, which is at 8.08.
BX's Dividend Yield is comparable with the S&P500 average which is at 2.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
5.2 History
On average, the dividend of BX grows each year by 16.14%, which is quite nice.
BX has paid a dividend for at least 10 years, which is a reliable track record.
BX has decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.14%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
245.80% of the earnings are spent on dividend by BX. This is not a sustainable payout ratio.
BX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP245.8%
EPS Next 2Y8.66%
EPS Next 3Y11.26%
BLACKSTONE INC
NYSE:BX (12/6/2023, 11:02:05 AM)
116.25
+0.97 (+0.84%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap142.04B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.95% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.73 | ||
| Fwd PE | 19.04 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.31% | ||
| ROE | 25.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 44.48% | ||
| PM (TTM) | 21.29% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-32.7%
EPS 3Y30.81%
EPS 5Y
EPS growth Q2Q
EPS Next Y-15.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-32.87%
Revenue growth 3Y5.1%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y