BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BXMT - US09257W1009 - REIT
19.81 USD
-0.02 (-0.1%)
19.79 USD
-0.02 (-0.1%)
We assign a fundamental rating of 4 out of 10 to BXMT. BXMT was compared to 68 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. While BXMT seems to be doing ok healthwise, there are quite some concerns on its profitability. BXMT has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BXMT had negative earnings in the past year.
In the past year BXMT had a positive cash flow from operations.
BXMT had positive earnings in 4 of the past 5 years.
BXMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.54%, BXMT is in line with its industry, outperforming 58.82% of the companies in the same industry.
BXMT has a Return On Equity of 2.99%. This is comparable to the rest of the industry: BXMT outperforms 48.53% of its industry peers.
BXMT has a Return On Invested Capital of 0.45%. This is comparable to the rest of the industry: BXMT outperforms 45.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 2.99% | ||
| ROIC | 0.45% |
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 has a Profit Margin (6.94%) which is comparable to the rest of the industry.
With a Operating Margin value of 7.23%, BXMT perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
BXMT has a Gross Margin of 28.26%. This is comparable to the rest of the industry: BXMT outperforms 51.47% of its industry peers.
BXMT's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.23% | ||
| PM (TTM) | 6.94% | ||
| GM | 28.26% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BXMT is destroying value.
Compared to 1 year ago, BXMT has less shares outstanding
BXMT has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BXMT has an improved debt to assets ratio.
2.2 Solvency
BXMT has an Altman-Z score of 0.13. This is a bad value and indicates that BXMT is not financially healthy and even has some risk of bankruptcy.
BXMT has a better Altman-Z score (0.13) than 77.94% of its industry peers.
The Debt to FCF ratio of BXMT is 71.97, which is on the high side as it means it would take BXMT, 71.97 years of fcf income to pay off all of its debts.
BXMT has a better Debt to FCF ratio (71.97) than 72.06% of its industry peers.
A Debt/Equity ratio of 4.31 is on the high side and indicates that BXMT has dependencies on debt financing.
The Debt to Equity ratio of BXMT (4.31) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.31 | ||
| Debt/FCF | 71.97 | ||
| Altman-Z | 0.13 |
ROIC/WACC0.07
WACC6.86%
2.3 Liquidity
BXMT has a Current Ratio of 5.06. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.06, BXMT belongs to the best of the industry, outperforming 94.12% of the companies in the same industry.
A Quick Ratio of 5.06 indicates that BXMT has no problem at all paying its short term obligations.
BXMT has a better Quick ratio (5.06) than 94.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.06 | ||
| Quick Ratio | 5.06 |
3. Growth
3.1 Past
BXMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -134.21%.
The Revenue for BXMT has decreased by -18.16% in the past year. This is quite bad
The Revenue has been growing by 15.09% on average over the past years. This is quite good.
EPS 1Y (TTM)-134.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-38.46%
Revenue 1Y (TTM)-18.16%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-8.72%
3.2 Future
Based on estimates for the next years, BXMT will show a very strong growth in Earnings Per Share. The EPS will grow by 275.93% on average per year.
The Revenue is expected to decrease by -1.95% on average over the next years.
EPS Next Y2344%
EPS Next 2Y522.84%
EPS Next 3Y275.93%
EPS Next 5YN/A
Revenue Next Year-19.07%
Revenue Next 2Y-1.93%
Revenue Next 3Y-1.95%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BXMT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
BXMT is valuated correctly with a Price/Forward Earnings ratio of 13.46.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.46. BXMT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.46 |
4.2 Price Multiples
70.59% of the companies in the same industry are more expensive than BXMT, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BXMT indicates a somewhat cheap valuation: BXMT is cheaper than 61.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.45 | ||
| EV/EBITDA | 109.59 |
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.
BXMT's earnings are expected to grow with 275.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y522.84%
EPS Next 3Y275.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.48%, BXMT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 10.99, BXMT is paying slightly less dividend.
BXMT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.48% |
5.2 History
The dividend of BXMT decreases each year by -1.26%.
BXMT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.26%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BXMT pays out 302.05% of its income as dividend. This is not a sustainable payout ratio.
DP302.05%
EPS Next 2Y522.84%
EPS Next 3Y275.93%
19.81
-0.02 (-0.1%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners60.51%
Inst Owner Change-4.99%
Ins Owners0.98%
Ins Owner Change4.22%
Market Cap3.32B
Revenue(TTM)1.55B
Net Income(TTM)107.20M
Analysts78.57
Price Target21.25 (7.27%)
Short Float %6.78%
Short Ratio7.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.48% |
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP302.05%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.64%
Min EPS beat(2)-29.52%
Max EPS beat(2)-13.77%
EPS beat(4)1
Avg EPS beat(4)15.52%
Min EPS beat(4)-29.52%
Max EPS beat(4)124.35%
EPS beat(8)4
Avg EPS beat(8)8.75%
EPS beat(12)8
Avg EPS beat(12)10.17%
EPS beat(16)11
Avg EPS beat(16)9.32%
Revenue beat(2)0
Avg Revenue beat(2)-15.27%
Min Revenue beat(2)-15.96%
Max Revenue beat(2)-14.59%
Revenue beat(4)0
Avg Revenue beat(4)-14.58%
Min Revenue beat(4)-17.78%
Max Revenue beat(4)-9.99%
Revenue beat(8)0
Avg Revenue beat(8)-10.1%
Revenue beat(12)3
Avg Revenue beat(12)9.29%
Revenue beat(16)7
Avg Revenue beat(16)33.54%
PT rev (1m)1.98%
PT rev (3m)1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.44%
EPS NY rev (1m)-3.6%
EPS NY rev (3m)-8.47%
Revenue NQ rev (1m)-3.73%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)-1.28%
Revenue NY rev (3m)-1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.46 | ||
| P/S | 2.15 | ||
| P/FCF | 15.45 | ||
| P/OCF | 14.83 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | 109.59 |
EPS(TTM)-0.65
EYN/A
EPS(NY)1.47
Fwd EY7.43%
FCF(TTM)1.28
FCFY6.47%
OCF(TTM)1.34
OCFY6.75%
SpS9.22
BVpS21.41
TBVpS21.41
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 2.99% | ||
| ROCE | 0.57% | ||
| ROIC | 0.45% | ||
| ROICexc | 0.46% | ||
| ROICexgc | 0.47% | ||
| OM | 7.23% | ||
| PM (TTM) | 6.94% | ||
| GM | 28.26% | ||
| FCFM | 13.91% |
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
ROICexgc growth 3YN/A
ROICexgc 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-Score8
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.31 | ||
| Debt/FCF | 71.97 | ||
| Debt/EBITDA | 92.14 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 0.11 | ||
| Cash Conversion | 133.43% | ||
| Profit Quality | 200.6% | ||
| Current Ratio | 5.06 | ||
| Quick Ratio | 5.06 | ||
| Altman-Z | 0.13 |
F-Score8
WACC6.86%
ROIC/WACC0.07
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)-134.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-38.46%
EPS Next Y2344%
EPS Next 2Y522.84%
EPS Next 3Y275.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.16%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-8.72%
Revenue Next Year-19.07%
Revenue Next 2Y-1.93%
Revenue Next 3Y-1.95%
Revenue Next 5YN/A
EBIT growth 1Y146.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-55.13%
FCF growth 3Y-1.47%
FCF growth 5Y3.77%
OCF growth 1Y-53.24%
OCF growth 3Y-1.42%
OCF growth 5Y3.81%
BLACKSTONE MORTGAGE TRU-CL A / BXMT FAQ
What is the ChartMill fundamental rating of BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to BXMT.
Can you provide the valuation status for BLACKSTONE MORTGAGE TRU-CL A?
ChartMill assigns a valuation rating of 5 / 10 to BLACKSTONE MORTGAGE TRU-CL A (BXMT). This can be considered as Fairly Valued.
How profitable is BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
BLACKSTONE MORTGAGE TRU-CL A (BXMT) has a profitability rating of 3 / 10.
How financially healthy is BLACKSTONE MORTGAGE TRU-CL A?
The financial health rating of BLACKSTONE MORTGAGE TRU-CL A (BXMT) is 6 / 10.
Can you provide the expected EPS growth for BXMT stock?
The Earnings per Share (EPS) of BLACKSTONE MORTGAGE TRU-CL A (BXMT) is expected to grow by 2344% in the next year.