BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis
NYSE:BXMT - New York Stock Exchange, Inc. - US09257W1009 - REIT - Currency: USD
Taking everything into account, BXMT scores 4 out of 10 in our fundamental rating. BXMT was compared to 67 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.
In the past year BXMT had a positive cash flow from operations.
Of the past 5 years BXMT 4 years were profitable.
Each year in the past 5 years BXMT had a positive operating cash flow.
1.2 Ratios
BXMT's Return On Assets of -0.40% is on the low side compared to the rest of the industry. BXMT is outperformed by 74.63% 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 73.13% 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 (24.23%) which is in line with 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 | 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.
Compared to 1 year ago, BXMT has less shares outstanding
Compared to 5 years ago, BXMT has more shares outstanding
BXMT has a better debt/assets ratio than last year.
2.2 Solvency
BXMT has an Altman-Z score of 0.10. This is a bad value and indicates that BXMT is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.10, BXMT is doing good in the industry, outperforming 71.64% of the companies in the same industry.
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's Debt to FCF ratio of 43.37 is fine compared to the rest of the industry. BXMT outperforms 62.69% of its industry peers.
BXMT has a Debt/Equity ratio of 4.33. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 4.33, BXMT perfoms like the industry average, outperforming 53.73% 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
WACC6.96%
2.3 Liquidity
A Current Ratio of 4.39 indicates that BXMT has no problem at all paying its short term obligations.
The Current ratio of BXMT (4.39) is better than 92.54% of its industry peers.
A Quick Ratio of 4.39 indicates that BXMT has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 4.39, BXMT belongs to the best of the industry, outperforming 92.54% of the companies in the same industry.
| 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 -121.83%.
Looking at the last year, BXMT shows a very negative growth in Revenue. The Revenue has decreased by -12.54% in the last year.
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)-121.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-61.22%
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-25.21%
3.2 Future
The Earnings Per Share is expected to grow by 280.39% 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 -2.26% on average per year.
EPS Next Y2764.75%
EPS Next 2Y555.92%
EPS Next 3Y280.39%
EPS Next 5YN/A
Revenue Next Year-17.87%
Revenue Next 2Y-1.64%
Revenue Next 3Y-2.26%
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.
Based on the Price/Forward Earnings ratio of 11.36, the valuation of BXMT can be described as reasonable.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
BXMT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.36 |
4.2 Price Multiples
70.15% of the companies in the same industry are more expensive than BXMT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.7 | ||
| 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 280.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y555.92%
EPS Next 3Y280.39%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 10.09%, which is a nice return.
Compared to an average industry Dividend Yield of 10.79, BXMT pays a bit more dividend than its industry peers.
BXMT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.09% |
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 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-468.74%
EPS Next 2Y555.92%
EPS Next 3Y280.39%
18.64
+0.16 (+0.87%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners62.72%
Inst Owner Change1.32%
Ins Owners1.04%
Ins Owner Change1.46%
Market Cap3.20B
Analysts77.14
Price Target21.17 (13.57%)
Short Float %5.27%
Short Ratio7.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.09% |
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)0.81%
PT rev (3m)1.22%
EPS NQ rev (1m)2.21%
EPS NQ rev (3m)-13.15%
EPS NY rev (1m)-10.2%
EPS NY rev (3m)18.6%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)-4.66%
Revenue NY rev (3m)-9.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 11.36 | ||
| P/S | 1.92 | ||
| P/FCF | 8.7 | ||
| P/OCF | 8.59 | ||
| P/B | 0.87 | ||
| P/tB | 0.87 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.5
EYN/A
EPS(NY)1.64
Fwd EY8.8%
FCF(TTM)2.14
FCFY11.49%
OCF(TTM)2.17
OCFY11.64%
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
WACC6.96%
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)-121.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-61.22%
EPS Next Y2764.75%
EPS Next 2Y555.92%
EPS Next 3Y280.39%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-25.21%
Revenue Next Year-17.87%
Revenue Next 2Y-1.64%
Revenue Next 3Y-2.26%
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%