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
BXMT had negative earnings in the past year.
BXMT had a positive operating cash flow in the past year.
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
BXMT has a worse Return On Assets (-0.40%) than 75.38% of its industry peers.
BXMT's Return On Equity of -2.19% is on the low side compared to the rest of the industry. BXMT is outperformed by 75.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.4% | ||
| ROE | -2.19% | ||
| 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 has a Gross Margin of 24.23%. This is comparable to the rest of the industry: BXMT outperforms 52.31% of its industry peers.
BXMT's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for BXMT so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.23% |
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.
The number of shares outstanding for BXMT has been reduced compared to 1 year ago.
The number of shares outstanding for BXMT has been increased compared to 5 years ago.
The debt/assets ratio for BXMT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.10, we must say that BXMT is in the distress zone and has some risk of bankruptcy.
BXMT has a better Altman-Z score (0.10) than 70.77% of its industry peers.
BXMT has a debt to FCF ratio of 43.37. This is a negative value and a sign of low solvency as BXMT would need 43.37 years to pay back of all of its debts.
BXMT has a Debt to FCF ratio of 43.37. This is in the better half of the industry: BXMT outperforms 63.08% of its industry peers.
A Debt/Equity ratio of 4.33 is on the high side and indicates that BXMT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 4.33, BXMT is in line with its industry, outperforming 52.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.33 | ||
| Debt/FCF | 43.37 | ||
| Altman-Z | 0.1 |
ROIC/WACCN/A
WACC7.33%
2.3 Liquidity
A Current Ratio of 4.39 indicates that BXMT has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.39, BXMT belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
A Quick Ratio of 4.39 indicates that BXMT has no problem at all paying its short term obligations.
BXMT has a Quick ratio of 4.39. This is amongst the best in the industry. BXMT outperforms 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.39 | ||
| Quick Ratio | 4.39 |
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 -18.07% in the past year. This is quite bad
BXMT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.09% yearly.
EPS 1Y (TTM)-107.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-48.48%
Revenue 1Y (TTM)-18.07%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-36.92%
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 280.39% on average per year.
The Revenue is expected to decrease by -1.93% on average over the next years.
EPS Next Y3067.56%
EPS Next 2Y572.61%
EPS Next 3Y280.39%
EPS Next 5YN/A
Revenue Next Year-13.85%
Revenue Next 2Y-2.46%
Revenue Next 3Y-1.93%
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
The Price/Earnings Ratio is negative for BXMT. In the last year negative earnings were reported.
BXMT is valuated reasonably with a Price/Forward Earnings ratio of 11.18.
BXMT's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of BXMT to the average of the S&P500 Index (22.19), we can say BXMT is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.18 |
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 | 9.02 | ||
| 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.
BXMT's earnings are expected to grow with 280.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y572.61%
EPS Next 3Y280.39%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 9.65%, which is a nice return.
Compared to an average industry Dividend Yield of 12.22, BXMT's dividend is way lower than its industry peers. On top of this 80.00% of the companies listed in the same industry pay a better dividend than BXMT!
BXMT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.65% |
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
The earnings of BXMT are negative and hence is the payout ratio. BXMT will probably not be able to sustain this dividend level.
DP-468.74%
EPS Next 2Y572.61%
EPS Next 3Y280.39%
19.33
+0.01 (+0.05%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners62.72%
Inst Owner Change-1.64%
Ins Owners1.04%
Ins Owner Change0.67%
Market Cap3.32B
Analysts77.14
Price Target21 (8.64%)
Short Float %6.97%
Short Ratio8.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.65% |
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP-468.74%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)52.68%
Min EPS beat(2)-18.98%
Max EPS beat(2)124.35%
EPS beat(4)3
Avg EPS beat(4)32.63%
Min EPS beat(4)-18.98%
Max EPS beat(4)124.35%
EPS beat(8)6
Avg EPS beat(8)17.66%
EPS beat(12)10
Avg EPS beat(12)14.47%
EPS beat(16)13
Avg EPS beat(16)12.08%
Revenue beat(2)0
Avg Revenue beat(2)-13.89%
Min Revenue beat(2)-17.78%
Max Revenue beat(2)-9.99%
Revenue beat(4)0
Avg Revenue beat(4)-10.34%
Min Revenue beat(4)-17.78%
Max Revenue beat(4)-5.62%
Revenue beat(8)1
Avg Revenue beat(8)-6.02%
Revenue beat(12)5
Avg Revenue beat(12)32.14%
Revenue beat(16)9
Avg Revenue beat(16)44.39%
PT rev (1m)0.41%
PT rev (3m)0.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)22.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.18 | ||
| P/S | 1.99 | ||
| P/FCF | 9.02 | ||
| P/OCF | 8.91 | ||
| P/B | 0.9 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.2
EYN/A
EPS(NY)1.73
Fwd EY8.95%
FCF(TTM)2.14
FCFY11.08%
OCF(TTM)2.17
OCFY11.23%
SpS9.7
BVpS21.46
TBVpS21.46
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.4% | ||
| ROE | -2.19% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.23% | ||
| FCFM | 22.07% |
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-Score4
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.33 | ||
| Debt/FCF | 43.37 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.39 | ||
| Quick Ratio | 4.39 | ||
| Altman-Z | 0.1 |
F-Score4
WACC7.33%
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 Y3067.56%
EPS Next 2Y572.61%
EPS Next 3Y280.39%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.07%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-36.92%
Revenue Next Year-13.85%
Revenue Next 2Y-2.46%
Revenue Next 3Y-1.93%
Revenue Next 5YN/A
EBIT growth 1Y-158.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.85%
FCF growth 3Y-1.47%
FCF growth 5Y3.77%
OCF growth 1Y-10.68%
OCF growth 3Y-1.42%
OCF growth 5Y3.81%