BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BXMT - US09257W1009 - REIT
19.47 USD
+0.01 (+0.05%)
19.47 USD
0 (0%)
BXMT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 69 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. The financial health of BXMT is average, but 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.
BXMT had a positive operating cash flow in the past year.
Of the past 5 years BXMT 4 years were profitable.
BXMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BXMT (0.54%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 2.99%, BXMT is in line with its industry, outperforming 46.38% of the companies in the same industry.
BXMT's Return On Invested Capital of 0.45% is in line compared to the rest of the industry. BXMT outperforms 44.93% 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 in line with its industry peers.
BXMT has a Operating Margin of 7.23%. This is comparable to the rest of the industry: BXMT outperforms 40.58% of its industry peers.
BXMT's Gross Margin of 28.26% is in line compared to the rest of the industry. BXMT outperforms 50.72% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BXMT is destroying value.
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
Based on the Altman-Z score of 0.13, we must say that BXMT is in the distress zone and has some risk of bankruptcy.
BXMT has a better Altman-Z score (0.13) than 76.81% of its industry peers.
BXMT has a debt to FCF ratio of 71.97. This is a negative value and a sign of low solvency as BXMT would need 71.97 years to pay back of all of its debts.
The Debt to FCF ratio of BXMT (71.97) is better than 71.01% of its industry peers.
BXMT has a Debt/Equity ratio of 4.31. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.31, BXMT perfoms like the industry average, outperforming 53.62% of the companies in the same 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.
The Current ratio of BXMT (5.06) is better than 94.20% of its industry peers.
BXMT has a Quick Ratio of 5.06. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
BXMT has a Quick ratio of 5.06. This is amongst the best in the industry. BXMT outperforms 94.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.06 | ||
| Quick Ratio | 5.06 |
3. Growth
3.1 Past
The earnings per share for BXMT have decreased strongly by -134.21% in the last year.
The Revenue for BXMT has decreased by -18.16% 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)-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
The Earnings Per Share is expected to grow by 273.51% on average over the next years. This is a very strong growth
Based on estimates for the next years, BXMT will show a decrease in Revenue. The Revenue will decrease by -2.55% on average per year.
EPS Next Y2427.79%
EPS Next 2Y529.82%
EPS Next 3Y273.51%
EPS Next 5YN/A
Revenue Next Year-18.02%
Revenue Next 2Y-3.35%
Revenue Next 3Y-2.55%
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.
A Price/Forward Earnings ratio of 12.92 indicates a correct valuation of BXMT.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 36.59. BXMT is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BXMT is valued a bit cheaper than the industry average as 69.57% of the companies are valued more expensively.
BXMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BXMT is cheaper than 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.19 | ||
| EV/EBITDA | 109.25 |
4.3 Compensation for Growth
BXMT's 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 273.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y529.82%
EPS Next 3Y273.51%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 9.66%, which is a nice return.
BXMT's Dividend Yield is slightly below the industry average, which is at 13.24.
Compared to an average S&P500 Dividend Yield of 2.34, BXMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
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.
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 2Y529.82%
EPS Next 3Y273.51%
19.47
+0.01 (+0.05%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners60.95%
Inst Owner Change-4.99%
Ins Owners1.05%
Ins Owner Change1.25%
Market Cap3.27B
Revenue(TTM)1.55B
Net Income(TTM)107.20M
Analysts77.14
Price Target20.84 (7.04%)
Short Float %6.46%
Short Ratio6.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
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)0.35%
PT rev (3m)-0.75%
EPS NQ rev (1m)-12.02%
EPS NQ rev (3m)-12.44%
EPS NY rev (1m)-5.47%
EPS NY rev (3m)-5.05%
Revenue NQ rev (1m)4.07%
Revenue NQ rev (3m)2.88%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)0.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.92 | ||
| P/S | 2.11 | ||
| P/FCF | 15.19 | ||
| P/OCF | 14.57 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 109.25 |
EPS(TTM)-0.65
EYN/A
EPS(NY)1.51
Fwd EY7.74%
FCF(TTM)1.28
FCFY6.59%
OCF(TTM)1.34
OCFY6.86%
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 Y2427.79%
EPS Next 2Y529.82%
EPS Next 3Y273.51%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.16%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-8.72%
Revenue Next Year-18.02%
Revenue Next 2Y-3.35%
Revenue Next 3Y-2.55%
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 2427.79% in the next year.