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BLACKLINE SAFETY CORP (BLN.CA) Stock Fundamental Analysis

TSX:BLN - Toronto Stock Exchange - CA0923821007 - Common Stock - Currency: CAD

6.705  +0.21 (+3.31%)

Fundamental Rating

4

Overall BLN gets a fundamental rating of 4 out of 10. We evaluated BLN against 13 industry peers in the Electronic Equipment, Instruments & Components industry. While BLN seems to be doing ok healthwise, there are quite some concerns on its profitability. BLN is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year BLN has reported negative net income.
BLN had a positive operating cash flow in the past year.
In the past 5 years BLN always reported negative net income.
In the past 5 years BLN reported 4 times negative operating cash flow.
BLN.CA Yearly Net Income VS EBIT VS OCF VS FCFBLN.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M

1.2 Ratios

BLN has a worse Return On Assets (-8.58%) than 61.54% of its industry peers.
Looking at the Return On Equity, with a value of -21.86%, BLN is in line with its industry, outperforming 46.15% of the companies in the same industry.
Industry RankSector Rank
ROA -8.58%
ROE -21.86%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BLN.CA Yearly ROA, ROE, ROICBLN.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60 -80 -100

1.3 Margins

Looking at the Gross Margin, with a value of 58.33%, BLN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of BLN has grown nicely.
BLN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 58.33%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.27%
GM growth 5Y4.6%
BLN.CA Yearly Profit, Operating, Gross MarginsBLN.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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5

2. Health

2.1 Basic Checks

BLN does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for BLN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BLN.CA Yearly Shares OutstandingBLN.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
BLN.CA Yearly Total Debt VS Total AssetsBLN.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

2.2 Solvency

An Altman-Z score of 3.04 indicates that BLN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.04, BLN is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
A Debt/Equity ratio of 0.28 indicates that BLN is not too dependend on debt financing.
BLN has a better Debt to Equity ratio (0.28) than 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Altman-Z 3.04
ROIC/WACCN/A
WACC7.85%
BLN.CA Yearly LT Debt VS Equity VS FCFBLN.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M 60M

2.3 Liquidity

A Current Ratio of 1.97 indicates that BLN should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.97, BLN is doing good in the industry, outperforming 61.54% of the companies in the same industry.
BLN has a Quick Ratio of 1.67. This is a normal value and indicates that BLN is financially healthy and should not expect problems in meeting its short term obligations.
BLN has a better Quick ratio (1.67) than 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 1.97
Quick Ratio 1.67
BLN.CA Yearly Current Assets VS Current LiabilitesBLN.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

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7

3. Growth

3.1 Past

BLN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.43%, which is quite impressive.
Looking at the last year, BLN shows a very strong growth in Revenue. The Revenue has grown by 27.28%.
BLN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 30.78% yearly.
EPS 1Y (TTM)51.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)27.28%
Revenue growth 3Y32.83%
Revenue growth 5Y30.78%
Sales Q2Q%18.84%

3.2 Future

The Earnings Per Share is expected to grow by 25.75% on average over the next years. This is a very strong growth
Based on estimates for the next years, BLN will show a very strong growth in Revenue. The Revenue will grow by 23.34% on average per year.
EPS Next Y67.32%
EPS Next 2Y53.89%
EPS Next 3Y20.71%
EPS Next 5Y25.75%
Revenue Next Year22.17%
Revenue Next 2Y23.12%
Revenue Next 3Y29.63%
Revenue Next 5Y23.34%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
BLN.CA Yearly Revenue VS EstimatesBLN.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 100M 200M 300M 400M 500M
BLN.CA Yearly EPS VS EstimatesBLN.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 0.2 -0.2 0.4 -0.4 -0.6 -0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

BLN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BLN. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BLN.CA Price Earnings VS Forward Price EarningsBLN.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -50 -100

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BLN.CA Per share dataBLN.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

BLN's earnings are expected to grow with 20.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y53.89%
EPS Next 3Y20.71%

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0

5. Dividend

5.1 Amount

BLN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BLACKLINE SAFETY CORP

TSX:BLN (3/7/2025, 7:00:00 PM)

6.705

+0.21 (+3.31%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-16 2025-01-16/bmo
Earnings (Next)03-12 2025-03-12
Inst Owners25.12%
Inst Owner ChangeN/A
Ins Owners3.33%
Ins Owner ChangeN/A
Market Cap578.11M
Analysts80
Price Target8.89 (32.59%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)2
Avg EPS beat(2)61.25%
Min EPS beat(2)22.51%
Max EPS beat(2)100%
EPS beat(4)2
Avg EPS beat(4)17.62%
Min EPS beat(4)-32.01%
Max EPS beat(4)100%
EPS beat(8)3
Avg EPS beat(8)2.5%
EPS beat(12)4
Avg EPS beat(12)-3.59%
EPS beat(16)4
Avg EPS beat(16)-20.99%
Revenue beat(2)1
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-6.38%
Max Revenue beat(2)4.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.25%
Min Revenue beat(4)-6.38%
Max Revenue beat(4)4.7%
Revenue beat(8)3
Avg Revenue beat(8)-0.61%
Revenue beat(12)4
Avg Revenue beat(12)-1.24%
Revenue beat(16)5
Avg Revenue beat(16)-1.86%
PT rev (1m)3.39%
PT rev (3m)18.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.86%
EPS NY rev (1m)0%
EPS NY rev (3m)-371.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.54
P/FCF N/A
P/OCF 302.36
P/B 10.03
P/tB 11.31
EV/EBITDA N/A
EPS(TTM)-0.17
EYN/A
EPS(NY)-0.06
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.02
OCFY0.33%
SpS1.48
BVpS0.67
TBVpS0.59
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -8.58%
ROE -21.86%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 58.33%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y6.27%
GM growth 5Y4.6%
F-Score6
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 105.77%
Cap/Sales 6.58%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.97
Quick Ratio 1.67
Altman-Z 3.04
F-Score6
WACC7.85%
ROIC/WACCN/A
Cap/Depr(3y)111.77%
Cap/Depr(5y)105.56%
Cap/Sales(3y)8.6%
Cap/Sales(5y)9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y67.32%
EPS Next 2Y53.89%
EPS Next 3Y20.71%
EPS Next 5Y25.75%
Revenue 1Y (TTM)27.28%
Revenue growth 3Y32.83%
Revenue growth 5Y30.78%
Sales Q2Q%18.84%
Revenue Next Year22.17%
Revenue Next 2Y23.12%
Revenue Next 3Y29.63%
Revenue Next 5Y23.34%
EBIT growth 1Y50.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year169.08%
EBIT Next 3Y65.48%
EBIT Next 5Y44.55%
FCF growth 1Y78.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y108.67%
OCF growth 3YN/A
OCF growth 5YN/A