BLACKSTONE INC (BX) Stock Fundamental Analysis
NYSE:BX - New York Stock Exchange, Inc. - US09260D1072 - Common Stock - Currency: USD
Overall BX gets a fundamental rating of 5 out of 10. We evaluated BX against 233 industry peers in the Capital Markets industry. BX has an excellent profitability rating, but there are concerns on its financial health. BX is valued quite expensively, but it does show have an excellent growth rating.
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.
BX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BX has a better Return On Assets (5.62%) than 73.39% of its industry peers.
The Return On Equity of BX (31.89%) is better than 95.71% of its industry peers.
BX's Return On Invested Capital of 16.42% is amongst the best of the industry. BX outperforms 90.56% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BX is above the industry average of 7.84%.
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
Looking at the Profit Margin, with a value of 19.83%, BX is in the better half of the industry, outperforming 60.94% of the companies in the same industry.
BX's Profit Margin has declined in the last couple of years.
BX has a Operating Margin of 49.58%. This is amongst the best in the industry. BX outperforms 84.98% of its industry peers.
BX's Operating Margin has been stable in the last couple of years.
| 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
Compared to 1 year ago, BX has more shares outstanding
BX has more shares outstanding than it did 5 years ago.
BX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.58 indicates that BX is not in any danger for bankruptcy at the moment.
BX has a Altman-Z score of 3.58. This is in the better half of the industry: BX outperforms 79.83% 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.
The Debt to FCF ratio of BX (3.48) is better than 73.39% of its industry peers.
BX has a Debt/Equity ratio of 1.56. This is a high value indicating a heavy dependency on external financing.
BX has a Debt to Equity ratio of 1.56. This is in the lower half of the industry: BX underperforms 75.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | 3.58 |
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 has a worse Current ratio (0.71) than 69.10% of its industry peers.
A Quick Ratio of 0.71 indicates that BX may have some problems paying its short term obligations.
With a Quick ratio value of 0.71, BX is not doing good in the industry: 68.67% of the companies in the same industry are doing better.
| 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.
The Earnings Per Share has been growing by 14.97% on average over the past years. This is quite good.
The Revenue has grown by 24.23% in the past year. This is a very strong growth!
Measured over the past years, BX shows a quite strong growth in Revenue. The Revenue has been growing by 12.51% on average per year.
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
The Earnings Per Share is expected to grow by 12.53% on average over the next years. This is quite good.
Based on estimates for the next years, BX will show a quite strong growth in Revenue. The Revenue will grow by 15.92% on average per year.
EPS Next Y7.62%
EPS Next 2Y19.23%
EPS Next 3Y21.32%
EPS Next 5Y12.53%
Revenue Next Year6.31%
Revenue Next 2Y17.04%
Revenue Next 3Y19.15%
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 32.16.
Based on the Price/Earnings ratio, BX is valued a bit more expensive than 72.96% of the companies in the same industry.
BX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
A Price/Forward Earnings ratio of 23.16 indicates a rather expensive valuation of BX.
BX's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BX is more expensive than 60.94% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.70. BX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.16 | ||
| Fwd PE | 23.16 |
4.2 Price Multiples
BX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BX is cheaper than 64.81% of the companies in the same industry.
BX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.8 | ||
| EV/EBITDA | 29.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of BX may justify a higher PE ratio.
BX's earnings are expected to grow with 21.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.22
PEG (5Y)2.15
EPS Next 2Y19.23%
EPS Next 3Y21.32%
5. Dividend
5.1 Amount
BX has a Yearly Dividend Yield of 2.73%. Purely for dividend investing, there may be better candidates out there.
BX's Dividend Yield is comparable with the industry average which is at 8.00.
BX's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
5.2 History
The dividend of BX is nicely growing with an annual growth rate of 11.16%!
BX has paid a dividend for at least 10 years, which is 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 200.72% of its income as dividend. This is not a sustainable payout ratio.
BX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP200.72%
EPS Next 2Y19.23%
EPS Next 3Y21.32%
152.77
+3.19 (+2.13%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners70.96%
Inst Owner Change0.01%
Ins Owners0.83%
Ins Owner Change8.99%
Market Cap185.35B
Analysts75.63
Price Target154.9 (1.39%)
Short Float %1.71%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
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)2.76%
PT rev (3m)-19.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.35%
EPS NY rev (1m)0.12%
EPS NY rev (3m)-14.78%
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 | 32.16 | ||
| Fwd PE | 23.16 | ||
| P/S | 14.44 | ||
| P/FCF | 51.8 | ||
| P/OCF | 50.77 | ||
| P/B | 23.23 | ||
| P/tB | 31.25 | ||
| EV/EBITDA | 29.78 |
EPS(TTM)4.75
EY3.11%
EPS(NY)6.6
Fwd EY4.32%
FCF(TTM)2.95
FCFY1.93%
OCF(TTM)3.01
OCFY1.97%
SpS10.58
BVpS6.58
TBVpS4.89
PEG (NY)4.22
PEG (5Y)2.15
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 | 3.58 |
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 Y7.62%
EPS Next 2Y19.23%
EPS Next 3Y21.32%
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%