BLACKSTONE SECURED LENDING F (BXSL)
US09261X1028 - Common Stock
Overall BXSL gets a fundamental rating of 5 out of 10. We evaluated BXSL against 212 industry peers in the Capital Markets industry. BXSL has an excellent profitability rating, but there are concerns on its financial health. BXSL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BXSL had positive earnings in the past year.
In the past year BXSL had a positive cash flow from operations.
Each year in the past 5 years BXSL has been profitable.
The reported operating cash flow has been mixed in the past 5 years: BXSL reported negative operating cash flow in multiple years.
1.2 Ratios
BXSL's Return On Assets of 6.04% is fine compared to the rest of the industry. BXSL outperforms 68.90% of its industry peers.
With a decent Return On Equity value of 12.36%, BXSL is doing good in the industry, outperforming 66.99% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.37%, BXSL is doing good in the industry, outperforming 61.24% of the companies in the same industry.
BXSL had an Average Return On Invested Capital over the past 3 years of 4.05%. This is significantly below the industry average of 10.84%.
The 3 year average ROIC (4.05%) for BXSL is below the current ROIC(5.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.04% | ||
| ROE | 12.36% | ||
| ROIC | 5.37% |
ROA(3y)4.88%
ROA(5y)4.33%
ROE(3y)10.81%
ROE(5y)9.1%
ROIC(3y)4.05%
ROIC(5y)3.46%
1.3 Margins
Looking at the Profit Margin, with a value of 53.52%, BXSL belongs to the top of the industry, outperforming 90.43% of the companies in the same industry.
BXSL's Profit Margin has declined in the last couple of years.
BXSL has a Operating Margin of 58.66%. This is amongst the best in the industry. BXSL outperforms 93.78% of its industry peers.
BXSL's Operating Margin has improved in the last couple of years.
The Gross Margin of BXSL (59.43%) is better than 60.29% of its industry peers.
BXSL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 58.66% | ||
| PM (TTM) | 53.52% | ||
| GM | 59.43% |
OM growth 3Y-1.64%
OM growth 5Y7.62%
PM growth 3Y-1.57%
PM growth 5YN/A
GM growth 3Y-2.31%
GM growth 5Y7.91%
2. Health
2.1 Basic Checks
The number of shares outstanding for BXSL has been increased compared to 1 year ago.
Compared to 5 years ago, BXSL has more shares outstanding
BXSL has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.06, we must say that BXSL is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.06, BXSL is in line with its industry, outperforming 53.11% of the companies in the same industry.
BXSL has a debt to FCF ratio of 10.71. This is a negative value and a sign of low solvency as BXSL would need 10.71 years to pay back of all of its debts.
BXSL's Debt to FCF ratio of 10.71 is in line compared to the rest of the industry. BXSL outperforms 48.80% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that BXSL is somewhat dependend on debt financing.
The Debt to Equity ratio of BXSL (0.99) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 10.71 | ||
| Altman-Z | 1.06 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
BXSL has a Current Ratio of 0.58. This is a bad value and indicates that BXSL is not financially healthy enough and could expect problems in meeting its short term obligations.
BXSL has a Current ratio of 0.58. This is in the lower half of the industry: BXSL underperforms 70.33% of its industry peers.
A Quick Ratio of 0.58 indicates that BXSL may have some problems paying its short term obligations.
BXSL has a worse Quick ratio (0.58) than 70.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
BXSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.11%, which is quite impressive.
The Earnings Per Share has been growing by 40.37% on average over the past years. This is a very strong growth
Looking at the last year, BXSL shows a very strong growth in Revenue. The Revenue has grown by 34.49%.
The Revenue has been growing by 224.05% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)33.11%
EPS 3Y40.37%
EPS 5YN/A
EPS growth Q2Q6.67%
Revenue 1Y (TTM)34.49%
Revenue growth 3Y43.18%
Revenue growth 5Y224.05%
Revenue growth Q2Q21.27%
3.2 Future
Based on estimates for the next years, BXSL will show a decrease in Earnings Per Share. The EPS will decrease by -6.57% on average per year.
The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y-5.9%
EPS Next 2Y-6.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.98%
Revenue Next 2Y3.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 8.09, which indicates a very decent valuation of BXSL.
Compared to the rest of the industry, the Price/Earnings ratio of BXSL indicates a somewhat cheap valuation: BXSL is cheaper than 79.43% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.31, BXSL is valued rather cheaply.
A Price/Forward Earnings ratio of 8.59 indicates a reasonable valuation of BXSL.
BXSL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BXSL is cheaper than 75.60% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.48, BXSL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.09 | ||
| Fwd PE | 8.59 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BXSL indicates a somewhat cheap valuation: BXSL is cheaper than 66.03% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.19 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
BXSL has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as BXSL's earnings are expected to decrease with -6.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.57%
EPS Next 3YN/A
5. Dividend
5.1 Amount
BXSL has a Yearly Dividend Yield of 9.66%, which is a nice return.
Compared to an average industry Dividend Yield of 7.29, BXSL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, BXSL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
5.2 History
BXSL has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
BXSL pays out 71.56% of its income as dividend. This is not a sustainable payout ratio.
DP71.56%
EPS Next 2Y-6.57%
EPS Next 3YN/A
BLACKSTONE SECURED LENDING F
NYSE:BXSL (5/10/2024, 11:58:36 AM)
31.54
-0.34 (-1.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.05B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.66% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
Avg Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 8.09 | ||
| Fwd PE | 8.59 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.04% | ||
| ROE | 12.36% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 58.66% | ||
| PM (TTM) | 53.52% | ||
| GM | 59.43% | ||
| 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 Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| 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)33.11%
EPS 3Y40.37%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)34.49%
Revenue growth 3Y43.18%
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