BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BXMT - US09257W1009 - REIT
18.85 USD
-0.31 (-1.62%)
18.8901 USD
+0.04 (+0.21%)
BXMT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 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.
BXMT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years BXMT had a positive operating cash flow.
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 (2.99%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 0.45%, BXMT is in line with its industry, outperforming 45.59% of the companies in the same industry.
| 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
With a Profit Margin value of 6.94%, BXMT perfoms like the industry average, outperforming 51.47% of the companies in the same industry.
BXMT's Operating Margin of 7.23% is in line compared to the rest of the industry. BXMT outperforms 41.18% of its industry peers.
Looking at the Gross Margin, with a value of 28.26%, BXMT is in line with its industry, outperforming 51.47% of the companies in the same industry.
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
BXMT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BXMT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BXMT has more shares outstanding
The debt/assets ratio for BXMT has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.13, 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 77.94% 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.
BXMT has a Debt to FCF ratio of 71.97. This is in the better half of the industry: BXMT outperforms 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.
With a Debt to Equity ratio value of 4.31, BXMT perfoms like the industry average, outperforming 54.41% 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
WACC6.9%
2.3 Liquidity
A Current Ratio of 5.06 indicates that BXMT has no problem at all paying its short term obligations.
BXMT's Current ratio of 5.06 is amongst the best of the industry. BXMT outperforms 94.12% 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.
Looking at the Quick ratio, with a value of 5.06, BXMT belongs to the top of the industry, outperforming 94.12% of the companies in the same industry.
| 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
BXMT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 275.93% yearly.
Based on estimates for the next years, BXMT will show a decrease in Revenue. The Revenue will decrease by -1.95% on average per year.
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.
Based on the Price/Forward Earnings ratio of 12.81, the valuation of BXMT can be described as correct.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 24.04. BXMT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.81 |
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.
Based on the Price/Free Cash Flow ratio, BXMT is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.7 | ||
| EV/EBITDA | 108.94 |
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 9.64%, BXMT is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 10.90, BXMT has a dividend in line with its industry peers.
BXMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.64% |
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 2Y522.84%
EPS Next 3Y275.93%
18.85
-0.31 (-1.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners60.27%
Inst Owner Change0.22%
Ins Owners1.04%
Ins Owner Change3.79%
Market Cap3.16B
Revenue(TTM)1.55B
Net Income(TTM)107.20M
Analysts78.67
Price Target21.25 (12.73%)
Short Float %6.87%
Short Ratio8.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.64% |
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP302.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0.57%
PT rev (3m)2.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.47%
Revenue NQ rev (1m)-3.73%
Revenue NQ rev (3m)-0.96%
Revenue NY rev (1m)-7.36%
Revenue NY rev (3m)-1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.81 | ||
| P/S | 2.05 | ||
| P/FCF | 14.7 | ||
| P/OCF | 14.11 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 108.94 |
EPS(TTM)-0.65
EYN/A
EPS(NY)1.47
Fwd EY7.81%
FCF(TTM)1.28
FCFY6.8%
OCF(TTM)1.34
OCFY7.09%
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
WACC6.9%
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.
What is the valuation status for BXMT stock?
ChartMill assigns a valuation rating of 5 / 10 to BLACKSTONE MORTGAGE TRU-CL A (BXMT). This can be considered as Fairly Valued.
What is the profitability of BXMT stock?
BLACKSTONE MORTGAGE TRU-CL A (BXMT) has a profitability rating of 3 / 10.
How sustainable is the dividend of BLACKSTONE MORTGAGE TRU-CL A (BXMT) stock?
The dividend rating of BLACKSTONE MORTGAGE TRU-CL A (BXMT) is 4 / 10 and the dividend payout ratio is 302.05%.