BLACKLINE INC (BL) Stock Fundamental Analysis
NASDAQ:BL - Nasdaq - US09239B1098 - Common Stock - Currency: USD
Overall BL gets a fundamental rating of 5 out of 10. We evaluated BL against 284 industry peers in the Software industry. BL has only an average score on both its financial health and profitability. BL has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BL was profitable.
BL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BL reported negative net income in multiple years.
BL 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 8.83%, BL belongs to the top of the industry, outperforming 85.51% of the companies in the same industry.
BL's Return On Equity of 36.08% is amongst the best of the industry. BL outperforms 92.75% of its industry peers.
BL has a better Return On Invested Capital (1.14%) than 65.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 36.08% | ||
| ROIC | 1.14% |
ROA(3y)3.28%
ROA(5y)-0.14%
ROE(3y)10.02%
ROE(5y)-3.3%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
BL has a better Profit Margin (24.67%) than 90.58% of its industry peers.
Looking at the Operating Margin, with a value of 3.10%, BL is in the better half of the industry, outperforming 67.03% of the companies in the same industry.
Looking at the Gross Margin, with a value of 75.21%, BL is in the better half of the industry, outperforming 67.03% of the companies in the same industry.
BL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.1% | ||
| PM (TTM) | 24.67% | ||
| GM | 75.21% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y-1.12%
2. Health
2.1 Basic Checks
BL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BL has been increased compared to 1 year ago.
Compared to 5 years ago, BL has more shares outstanding
Compared to 1 year ago, BL has an improved debt to assets ratio.
2.2 Solvency
BL has an Altman-Z score of 2.14. This is not the best score and indicates that BL is in the grey zone with still only limited risk for bankruptcy at the moment.
BL has a Altman-Z score (2.14) which is in line with its industry peers.
BL has a debt to FCF ratio of 5.44. This is a neutral value as BL would need 5.44 years to pay back of all of its debts.
BL has a Debt to FCF ratio (5.44) which is in line with its industry peers.
A Debt/Equity ratio of 2.00 is on the high side and indicates that BL has dependencies on debt financing.
BL's Debt to Equity ratio of 2.00 is on the low side compared to the rest of the industry. BL is outperformed by 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 5.44 | ||
| Altman-Z | 2.14 |
ROIC/WACC0.09
WACC12.75%
2.3 Liquidity
BL has a Current Ratio of 2.59. This indicates that BL is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.59, BL is doing good in the industry, outperforming 70.29% of the companies in the same industry.
A Quick Ratio of 2.59 indicates that BL has no problem at all paying its short term obligations.
BL has a Quick ratio of 2.59. This is in the better half of the industry: BL outperforms 70.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 |
3. Growth
3.1 Past
BL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.31%, which is quite good.
BL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 41.21% yearly.
Looking at the last year, BL shows a quite strong growth in Revenue. The Revenue has grown by 10.73% in the last year.
Measured over the past years, BL shows a quite strong growth in Revenue. The Revenue has been growing by 17.72% on average per year.
EPS 1Y (TTM)12.31%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-31.88%
Revenue 1Y (TTM)10.73%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%8.82%
3.2 Future
The Earnings Per Share is expected to grow by 8.38% on average over the next years. This is quite good.
Based on estimates for the next years, BL will show a quite strong growth in Revenue. The Revenue will grow by 9.80% on average per year.
EPS Next Y-4.17%
EPS Next 2Y3.08%
EPS Next 3Y8.38%
EPS Next 5YN/A
Revenue Next Year7.62%
Revenue Next 2Y8.56%
Revenue Next 3Y9.8%
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
A Price/Earnings ratio of 22.42 indicates a rather expensive valuation of BL.
79.71% of the companies in the same industry are more expensive than BL, based on the Price/Earnings ratio.
BL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.63.
With a Price/Forward Earnings ratio of 23.39, BL is valued on the expensive side.
Based on the Price/Forward Earnings ratio, BL is valued a bit cheaper than 77.90% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, BL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 23.39 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BL indicates a somewhat cheap valuation: BL is cheaper than 69.20% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BL is valued cheaply inside the industry as 87.32% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.71 | ||
| EV/EBITDA | 43.75 |
4.3 Compensation for Growth
The decent profitability rating of BL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.54
EPS Next 2Y3.08%
EPS Next 3Y8.38%
5. Dividend
5.1 Amount
BL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
49.1
-0.22 (-0.45%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners92.76%
Inst Owner Change6.02%
Ins Owners8.16%
Ins Owner Change-4.72%
Market Cap3.07B
Analysts74.29
Price Target67.43 (37.33%)
Short Float %9.17%
Short Ratio7.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.88%
Min EPS beat(2)-9.1%
Max EPS beat(2)12.86%
EPS beat(4)3
Avg EPS beat(4)6.81%
Min EPS beat(4)-9.1%
Max EPS beat(4)12.86%
EPS beat(8)7
Avg EPS beat(8)29.13%
EPS beat(12)11
Avg EPS beat(12)120.32%
EPS beat(16)14
Avg EPS beat(16)107.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.76%
Min Revenue beat(2)-2.27%
Max Revenue beat(2)-1.24%
Revenue beat(4)0
Avg Revenue beat(4)-1.61%
Min Revenue beat(4)-2.27%
Max Revenue beat(4)-1.24%
Revenue beat(8)0
Avg Revenue beat(8)-1.94%
Revenue beat(12)0
Avg Revenue beat(12)-2.06%
Revenue beat(16)0
Avg Revenue beat(16)-1.81%
PT rev (1m)1.7%
PT rev (3m)13.67%
EPS NQ rev (1m)-24.36%
EPS NQ rev (3m)-22.31%
EPS NY rev (1m)-9.53%
EPS NY rev (3m)-7.2%
Revenue NQ rev (1m)-1.76%
Revenue NQ rev (3m)-1.32%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.42 | ||
| Fwd PE | 23.39 | ||
| P/S | 4.7 | ||
| P/FCF | 18.71 | ||
| P/OCF | 16.08 | ||
| P/B | 6.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 43.75 |
EPS(TTM)2.19
EY4.46%
EPS(NY)2.1
Fwd EY4.27%
FCF(TTM)2.62
FCFY5.34%
OCF(TTM)3.05
OCFY6.22%
SpS10.46
BVpS7.15
TBVpS-1.72
PEG (NY)N/A
PEG (5Y)0.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.83% | ||
| ROE | 36.08% | ||
| ROCE | 1.44% | ||
| ROIC | 1.14% | ||
| ROICexc | 3.1% | ||
| ROICexgc | N/A | ||
| OM | 3.1% | ||
| PM (TTM) | 24.67% | ||
| GM | 75.21% | ||
| FCFM | 25.1% |
ROA(3y)3.28%
ROA(5y)-0.14%
ROE(3y)10.02%
ROE(5y)-3.3%
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-0.78%
GM growth 5Y-1.12%
F-Score9
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2 | ||
| Debt/FCF | 5.44 | ||
| Debt/EBITDA | 12.64 | ||
| Cap/Depr | 53.31% | ||
| Cap/Sales | 4.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 270.3% | ||
| Profit Quality | 101.75% | ||
| Current Ratio | 2.59 | ||
| Quick Ratio | 2.59 | ||
| Altman-Z | 2.14 |
F-Score9
WACC12.75%
ROIC/WACC0.09
Cap/Depr(3y)59.63%
Cap/Depr(5y)71.52%
Cap/Sales(3y)4.85%
Cap/Sales(5y)5.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.31%
EPS 3Y55.72%
EPS 5Y41.21%
EPS Q2Q%-31.88%
EPS Next Y-4.17%
EPS Next 2Y3.08%
EPS Next 3Y8.38%
EPS Next 5YN/A
Revenue 1Y (TTM)10.73%
Revenue growth 3Y15.35%
Revenue growth 5Y17.72%
Sales Q2Q%8.82%
Revenue Next Year7.62%
Revenue Next 2Y8.56%
Revenue Next 3Y9.8%
Revenue Next 5YN/A
EBIT growth 1Y-19.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year43.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y65.63%
FCF growth 3Y42.38%
FCF growth 5Y52.28%
OCF growth 1Y50.72%
OCF growth 3Y33.57%
OCF growth 5Y45.05%