BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis
NYSE:BXMT - New York Stock Exchange, Inc. - US09257W1009 - REIT - Currency: USD
BXMT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 65 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. BXMT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BXMT has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year BXMT has reported negative net income.
BXMT had a positive operating cash flow in the past year.
BXMT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BXMT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.03%, BXMT is doing worse than 67.69% of the companies in the same industry.
BXMT has a Return On Equity of -5.39%. This is in the lower half of the industry: BXMT underperforms 67.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.03% | ||
| ROE | -5.39% | ||
| ROIC | N/A |
ROA(3y)0.33%
ROA(5y)0.73%
ROE(3y)1.92%
ROE(5y)3.69%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BXMT's Gross Margin of 23.42% is in line compared to the rest of the industry. BXMT outperforms 41.54% of its industry peers.
BXMT's Gross Margin has declined in the last couple of years.
BXMT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.42% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-22.26%
GM growth 5Y-13.39%
2. Health
2.1 Basic Checks
BXMT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BXMT has less shares outstanding
Compared to 5 years ago, BXMT has more shares outstanding
Compared to 1 year ago, BXMT has an improved debt to assets ratio.
2.2 Solvency
BXMT has an Altman-Z score of 0.08. This is a bad value and indicates that BXMT is not financially healthy and even has some risk of bankruptcy.
BXMT's Altman-Z score of 0.08 is fine compared to the rest of the industry. BXMT outperforms 73.85% of its industry peers.
The Debt to FCF ratio of BXMT is 43.01, which is on the high side as it means it would take BXMT, 43.01 years of fcf income to pay off all of its debts.
BXMT has a Debt to FCF ratio of 43.01. This is in the better half of the industry: BXMT outperforms 64.62% of its industry peers.
BXMT has a Debt/Equity ratio of 4.15. This is a high value indicating a heavy dependency on external financing.
BXMT's Debt to Equity ratio of 4.15 is in line compared to the rest of the industry. BXMT outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.15 | ||
| Debt/FCF | 43.01 | ||
| Altman-Z | 0.08 |
ROIC/WACCN/A
WACC7.05%
2.3 Liquidity
A Current Ratio of 2.96 indicates that BXMT has no problem at all paying its short term obligations.
BXMT has a better Current ratio (2.96) than 90.77% of its industry peers.
BXMT has a Quick Ratio of 2.96. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
BXMT has a Quick ratio of 2.96. This is amongst the best in the industry. BXMT outperforms 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
BXMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -107.72%.
The Revenue for BXMT has decreased by -12.54% in the past year. This is quite bad
Measured over the past years, BXMT shows a quite strong growth in Revenue. The Revenue has been growing by 15.09% on average per year.
EPS 1Y (TTM)-107.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-48.48%
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-36.92%
3.2 Future
BXMT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 287.31% yearly.
BXMT is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.35% yearly.
EPS Next Y2346.83%
EPS Next 2Y559.8%
EPS Next 3Y287.31%
EPS Next 5YN/A
Revenue Next Year-9.57%
Revenue Next 2Y-1.34%
Revenue Next 3Y-0.35%
Revenue Next 5YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
BXMT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 11.29, which indicates a very decent valuation of BXMT.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
BXMT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.29 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BXMT is valued a bit cheaper than the industry average as 70.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.8 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BXMT's earnings are expected to grow with 287.31% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y559.8%
EPS Next 3Y287.31%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 10.06%, which is a nice return.
Compared to an average industry Dividend Yield of 13.96, BXMT's dividend is way lower than its industry peers. On top of this 90.77% of the companies listed in the same industry pay a better dividend than BXMT!
Compared to an average S&P500 Dividend Yield of 2.44, BXMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.06% |
5.2 History
The dividend of BXMT decreases each year by -1.26%.
BXMT has been paying a dividend for at least 10 years, so it has a reliable track record.
BXMT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.26%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
BXMT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-197.96%
EPS Next 2Y559.8%
EPS Next 3Y287.31%
18.76
+0.07 (+0.37%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners64.86%
Inst Owner Change-1.1%
Ins Owners1.03%
Ins Owner Change4.31%
Market Cap3.22B
Analysts77.14
Price Target20.91 (11.46%)
Short Float %7.1%
Short Ratio6.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.06% |
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP-197.96%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.94%
Min EPS beat(2)-18.98%
Max EPS beat(2)24.85%
EPS beat(4)2
Avg EPS beat(4)-4.83%
Min EPS beat(4)-25.5%
Max EPS beat(4)24.85%
EPS beat(8)6
Avg EPS beat(8)2.79%
EPS beat(12)9
Avg EPS beat(12)3.76%
EPS beat(16)12
Avg EPS beat(16)4.13%
Revenue beat(2)0
Avg Revenue beat(2)-8.98%
Min Revenue beat(2)-9.99%
Max Revenue beat(2)-7.97%
Revenue beat(4)0
Avg Revenue beat(4)-7.18%
Min Revenue beat(4)-9.99%
Max Revenue beat(4)-5.16%
Revenue beat(8)2
Avg Revenue beat(8)-3.67%
Revenue beat(12)6
Avg Revenue beat(12)39.49%
Revenue beat(16)10
Avg Revenue beat(16)49.64%
PT rev (1m)-0.81%
PT rev (3m)1.65%
EPS NQ rev (1m)-53.82%
EPS NQ rev (3m)-79.23%
EPS NY rev (1m)-17.17%
EPS NY rev (3m)-37.06%
Revenue NQ rev (1m)-1.01%
Revenue NQ rev (3m)-8.06%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-4.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.29 | ||
| P/S | 1.81 | ||
| P/FCF | 8.8 | ||
| P/OCF | 8.78 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.2
EYN/A
EPS(NY)1.66
Fwd EY8.86%
FCF(TTM)2.13
FCFY11.37%
OCF(TTM)2.14
OCFY11.38%
SpS10.39
BVpS22.07
TBVpS22.07
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.03% | ||
| ROE | -5.39% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.42% | ||
| FCFM | 20.53% |
ROA(3y)0.33%
ROA(5y)0.73%
ROE(3y)1.92%
ROE(5y)3.69%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y-22.26%
GM growth 5Y-13.39%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.15 | ||
| Debt/FCF | 43.01 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 6.27% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z | 0.08 |
F-Score6
WACC7.05%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-107.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-48.48%
EPS Next Y2346.83%
EPS Next 2Y559.8%
EPS Next 3Y287.31%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-36.92%
Revenue Next Year-9.57%
Revenue Next 2Y-1.34%
Revenue Next 3Y-0.35%
Revenue Next 5YN/A
EBIT growth 1Y-152.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-20.26%
FCF growth 3Y-1.47%
FCF growth 5Y3.77%
OCF growth 1Y-20.14%
OCF growth 3Y-1.42%
OCF growth 5Y3.81%