BLACKSTONE MORTGAGE TRU-CL A (BXMT)
US09257W1009 - REIT
Overall BXMT gets a fundamental rating of 4 out of 10. We evaluated BXMT against 64 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BXMT was profitable.
BXMT had a positive operating cash flow in the past year.
BXMT had positive earnings in each 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 0.02%, BXMT is doing worse than 66.15% of the companies in the same industry.
With a Return On Equity value of 0.12%, BXMT is not doing good in the industry: 64.62% of the companies in the same industry are doing better.
BXMT has a better Return On Invested Capital (0.84%) than 64.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BXMT is in line with the industry average of 1.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.12% | ||
| ROIC | 0.84% |
ROA(3y)1.28%
ROA(5y)1.3%
ROE(3y)6.76%
ROE(5y)6.39%
ROIC(3y)1.49%
ROIC(5y)1.48%
1.3 Margins
BXMT's Profit Margin of 0.24% is on the low side compared to the rest of the industry. BXMT is outperformed by 66.15% of its industry peers.
In the last couple of years the Profit Margin of BXMT has declined.
BXMT's Operating Margin of 12.06% is in line compared to the rest of the industry. BXMT outperforms 58.46% of its industry peers.
In the last couple of years the Operating Margin of BXMT has declined.
With a Gross Margin value of 26.17%, BXMT perfoms like the industry average, outperforming 41.54% of the companies in the same industry.
In the last couple of years the Gross Margin of BXMT has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.06% | ||
| PM (TTM) | 0.24% | ||
| GM | 26.17% |
OM growth 3Y-14.69%
OM growth 5Y-8.28%
PM growth 3Y-11.84%
PM growth 5Y-20.33%
GM growth 3Y-15.86%
GM growth 5Y-12.39%
2. Health
2.1 Basic Checks
The number of shares outstanding for BXMT has been increased compared to 1 year ago.
BXMT has more shares outstanding than it did 5 years ago.
BXMT has about the same debt/assets ratio as last year.
2.2 Solvency
BXMT has an Altman-Z score of 0.16. This is a bad value and indicates that BXMT is not financially healthy and even has some risk of bankruptcy.
BXMT has a Altman-Z score of 0.16. This is in the better half of the industry: BXMT outperforms 66.15% of its industry peers.
BXMT has a debt to FCF ratio of 42.51. This is a negative value and a sign of low solvency as BXMT would need 42.51 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 42.51, BXMT is in line with its industry, outperforming 58.46% of the companies in the same industry.
BXMT has a Debt/Equity ratio of 4.55. This is a high value indicating a heavy dependency on external financing.
BXMT has a Debt to Equity ratio of 4.55. This is in the lower half of the industry: BXMT underperforms 63.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.55 | ||
| Debt/FCF | 42.51 | ||
| Altman-Z | 0.16 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
BXMT has a Current Ratio of 3.34. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
BXMT has a better Current ratio (3.34) than 90.77% of its industry peers.
BXMT has a Quick Ratio of 3.34. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of BXMT (3.34) is better than 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.34 | ||
| Quick Ratio | 3.34 |
3. Growth
3.1 Past
The earnings per share for BXMT have decreased by -4.28% in the last year.
BXMT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.94% yearly.
BXMT shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.35%.
Measured over the past years, BXMT shows a very strong growth in Revenue. The Revenue has been growing by 21.93% on average per year.
EPS 1Y (TTM)-4.28%
EPS 3Y7%
EPS 5Y0.94%
EPS growth Q2Q-17.72%
Revenue 1Y (TTM)27.35%
Revenue growth 3Y37.74%
Revenue growth 5Y21.93%
Revenue growth Q2Q-1.07%
3.2 Future
The Earnings Per Share is expected to decrease by -6.43% on average over the next years.
Based on estimates for the next years, BXMT will show a decrease in Revenue. The Revenue will decrease by -6.05% on average per year.
EPS Next Y-31.87%
EPS Next 2Y-10.75%
EPS Next 3Y-6.43%
EPS Next 5YN/A
Revenue Next Year-13.77%
Revenue Next 2Y-8.61%
Revenue Next 3Y-6.05%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 is valuated cheaply with a Price/Earnings ratio of 6.18.
Based on the Price/Earnings ratio, BXMT is valued cheaply inside the industry as 84.62% of the companies are valued more expensively.
BXMT is valuated cheaply when we compare the Price/Earnings ratio to 28.28, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 7.40, the valuation of BXMT can be described as very cheap.
Based on the Price/Forward Earnings ratio, BXMT is valued a bit cheaper than the industry average as 72.31% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, BXMT is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.18 | ||
| Fwd PE | 7.4 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BXMT is valued a bit cheaper than 73.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.04 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as BXMT's earnings are expected to decrease with -6.43% in the coming years.
PEG (NY)N/A
PEG (5Y)6.55
EPS Next 2Y-10.75%
EPS Next 3Y-6.43%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 13.78%, which is a nice return.
Compared to an average industry Dividend Yield of 13.12, BXMT has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, BXMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.78% |
5.2 History
The dividend of BXMT has a limited annual growth rate of 0.61%.
BXMT has paid a dividend for at least 10 years, which is a reliable track record.
BXMT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.61%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
8626.25% of the earnings are spent on dividend by BXMT. This is not a sustainable payout ratio.
The Dividend Rate of BXMT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP8626.25%
EPS Next 2Y-10.75%
EPS Next 3Y-6.43%
BLACKSTONE MORTGAGE TRU-CL A
NYSE:BXMT (5/3/2024, 7:04:01 PM)
After market: 17.99 0 (0%)17.99
-0.01 (-0.06%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.12B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.78% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.18 | ||
| Fwd PE | 7.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)6.55
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.12% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.06% | ||
| PM (TTM) | 0.24% | ||
| GM | 26.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.34 | ||
| Quick Ratio | 3.34 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-4.28%
EPS 3Y7%
EPS 5Y
EPS growth Q2Q
EPS Next Y-31.87%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)27.35%
Revenue growth 3Y37.74%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y