BLACKSTONE INC (BX) Stock Fundamental Analysis
NYSE:BX - New York Stock Exchange, Inc. - US09260D1072 - Common Stock - Currency: USD
Taking everything into account, BX scores 5 out of 10 in our fundamental rating. BX was compared to 232 industry peers in the Capital Markets industry. BX has an excellent profitability rating, but there are concerns on its financial health. BX shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year BX was profitable.
BX had a positive operating cash flow in the past year.
BX had positive earnings in each of the past 5 years.
In the past 5 years BX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BX (5.62%) is better than 71.98% of its industry peers.
Looking at the Return On Equity, with a value of 31.89%, BX belongs to the top of the industry, outperforming 95.69% of the companies in the same industry.
BX's Return On Invested Capital of 16.42% is amongst the best of the industry. BX outperforms 90.95% of its industry peers.
BX had an Average Return On Invested Capital over the past 3 years of 12.81%. This is above the industry average of 7.88%.
The 3 year average ROIC (12.81%) for BX is below the current ROIC(16.42%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.62% | ||
| ROE | 31.89% | ||
| ROIC | 16.42% |
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 19.83% is fine compared to the rest of the industry. BX outperforms 60.34% of its industry peers.
BX's Profit Margin has declined in the last couple of years.
The Operating Margin of BX (49.58%) is better than 86.21% 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 | 49.58% | ||
| PM (TTM) | 19.83% | ||
| 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
The number of shares outstanding for BX has been increased compared to 1 year ago.
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
BX has an Altman-Z score of 3.45. This indicates that BX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of BX (3.45) is better than 78.45% of its industry peers.
BX has a debt to FCF ratio of 3.48. This is a good value and a sign of high solvency as BX would need 3.48 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.48, BX is doing good in the industry, outperforming 72.84% of the companies in the same industry.
BX has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
BX has a worse Debt to Equity ratio (1.56) than 74.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | 3.45 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.71 indicates that BX may have some problems paying its short term obligations.
BX's Current ratio of 0.71 is on the low side compared to the rest of the industry. BX is outperformed by 68.53% of its industry peers.
A Quick Ratio of 0.71 indicates that BX may have some problems paying its short term obligations.
BX's Quick ratio of 0.71 is on the low side compared to the rest of the industry. BX is outperformed by 68.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.95% over the past year.
BX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.97% yearly.
Looking at the last year, BX shows a very strong growth in Revenue. The Revenue has grown by 24.23%.
The Revenue has been growing by 12.51% on average over the past years. This is quite good.
EPS 1Y (TTM)19.95%
EPS 3Y-0.92%
EPS 5Y14.97%
EPS Q2Q%11.22%
Revenue 1Y (TTM)24.23%
Revenue growth 3Y-16.32%
Revenue growth 5Y12.51%
Sales Q2Q%8.41%
3.2 Future
BX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.53% yearly.
BX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.92% yearly.
EPS Next Y7.48%
EPS Next 2Y19.17%
EPS Next 3Y21.17%
EPS Next 5Y12.53%
Revenue Next Year6.31%
Revenue Next 2Y17.04%
Revenue Next 3Y19.15%
Revenue Next 5Y15.92%
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 stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 30.10, BX can be considered very expensive at the moment.
Based on the Price/Earnings ratio, BX is valued a bit more expensive than the industry average as 71.98% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.59. BX is around the same levels.
The Price/Forward Earnings ratio is 21.70, which indicates a rather expensive current valuation of BX.
BX's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.39. BX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.1 | ||
| Fwd PE | 21.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BX is valued a bit cheaper than the industry average as 64.22% of the companies are valued more expensively.
BX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.47 | ||
| EV/EBITDA | 28.53 |
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.
A more expensive valuation may be justified as BX's earnings are expected to grow with 21.17% in the coming years.
PEG (NY)4.02
PEG (5Y)2.01
EPS Next 2Y19.17%
EPS Next 3Y21.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.94%, BX has a reasonable but not impressive dividend return.
BX's Dividend Yield is comparable with the industry average which is at 8.22.
BX's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
5.2 History
On average, the dividend of BX grows each year by 11.16%, which is quite nice.
BX has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of BX decreased recently.
Dividend Growth(5Y)11.16%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
200.72% of the earnings are spent on dividend by BX. This is not a sustainable payout ratio.
The dividend of BX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP200.72%
EPS Next 2Y19.17%
EPS Next 3Y21.17%
142.96
+2.98 (+2.13%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners70.58%
Inst Owner Change0.01%
Ins Owners0.77%
Ins Owner Change8.96%
Market Cap173.44B
Analysts75.63
Price Target154.9 (8.35%)
Short Float %1.82%
Short Ratio2.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
Yearly Dividend6.1
Dividend Growth(5Y)11.16%
DP200.72%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.54%
Min EPS beat(2)0.65%
Max EPS beat(2)12.43%
EPS beat(4)3
Avg EPS beat(4)3.56%
Min EPS beat(4)-5.35%
Max EPS beat(4)12.43%
EPS beat(8)4
Avg EPS beat(8)1.84%
EPS beat(12)7
Avg EPS beat(12)2.31%
EPS beat(16)11
Avg EPS beat(16)8.06%
Revenue beat(2)1
Avg Revenue beat(2)2.32%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)4.86%
Revenue beat(4)1
Avg Revenue beat(4)-0.98%
Min Revenue beat(4)-6.69%
Max Revenue beat(4)4.86%
Revenue beat(8)1
Avg Revenue beat(8)-3.08%
Revenue beat(12)1
Avg Revenue beat(12)-21.14%
Revenue beat(16)5
Avg Revenue beat(16)18.31%
PT rev (1m)1.88%
PT rev (3m)-19.3%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)-18.35%
EPS NY rev (1m)-5.06%
EPS NY rev (3m)-14.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-13.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.1 | ||
| Fwd PE | 21.7 | ||
| P/S | 13.52 | ||
| P/FCF | 48.47 | ||
| P/OCF | 47.51 | ||
| P/B | 21.74 | ||
| P/tB | 29.24 | ||
| EV/EBITDA | 28.53 |
EPS(TTM)4.75
EY3.32%
EPS(NY)6.59
Fwd EY4.61%
FCF(TTM)2.95
FCFY2.06%
OCF(TTM)3.01
OCFY2.11%
SpS10.58
BVpS6.58
TBVpS4.89
PEG (NY)4.02
PEG (5Y)2.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.62% | ||
| ROE | 31.89% | ||
| ROCE | 19.68% | ||
| ROIC | 16.42% | ||
| ROICexc | 18.35% | ||
| ROICexgc | 19.92% | ||
| OM | 49.58% | ||
| PM (TTM) | 19.83% | ||
| GM | N/A | ||
| FCFM | 27.89% |
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%
ROICexcg growth 3Y-21.19%
ROICexcg 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-Score6
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 3.48 | ||
| Debt/EBITDA | 1.95 | ||
| Cap/Depr | 202.82% | ||
| Cap/Sales | 0.57% | ||
| Interest Coverage | 14.9 | ||
| Cash Conversion | 57.07% | ||
| Profit Quality | 140.65% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 3.45 |
F-Score6
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)19.95%
EPS 3Y-0.92%
EPS 5Y14.97%
EPS Q2Q%11.22%
EPS Next Y7.48%
EPS Next 2Y19.17%
EPS Next 3Y21.17%
EPS Next 5Y12.53%
Revenue 1Y (TTM)24.23%
Revenue growth 3Y-16.32%
Revenue growth 5Y12.51%
Sales Q2Q%8.41%
Revenue Next Year6.31%
Revenue Next 2Y17.04%
Revenue Next 3Y19.15%
Revenue Next 5Y15.92%
EBIT growth 1Y22.76%
EBIT growth 3Y-19.82%
EBIT growth 5Y13.91%
EBIT Next Year5.28%
EBIT Next 3Y18.21%
EBIT Next 5Y6.22%
FCF growth 1Y-3.07%
FCF growth 3Y-4.46%
FCF growth 5Y12.44%
OCF growth 1Y-7.35%
OCF growth 3Y-4.41%
OCF growth 5Y12.14%