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 64 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 it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BXMT had negative earnings in the past year.
BXMT had a positive operating cash flow in the past year.
Of the past 5 years BXMT 4 years were profitable.
In the past 5 years BXMT always reported a positive cash flow from operatings.
1.2 Ratios
BXMT has a Return On Assets of -1.03%. This is in the lower half of the industry: BXMT underperforms 71.88% of its industry peers.
The Return On Equity of BXMT (-5.39%) is worse than 82.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.03% | ||
| ROE | -5.39% | ||
| 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's Gross Margin of 23.42% is on the low side compared to the rest of the industry. BXMT is outperformed by 65.63% of its industry peers.
BXMT's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for BXMT so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.42% |
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.
BXMT has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BXMT has more shares outstanding
Compared to 1 year ago, BXMT has an improved debt to assets ratio.
2.2 Solvency
BXMT has an Altman-Z score of 0.09. 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 0.09, BXMT is doing good in the industry, outperforming 65.63% of the companies in the same industry.
BXMT has a debt to FCF ratio of 43.01. This is a negative value and a sign of low solvency as BXMT would need 43.01 years to pay back of all of its debts.
With a Debt to FCF ratio value of 43.01, BXMT perfoms like the industry average, outperforming 59.38% of the companies in the same industry.
A Debt/Equity ratio of 4.15 is on the high side and indicates that BXMT has dependencies on debt financing.
The Debt to Equity ratio of BXMT (4.15) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.15 | ||
| Debt/FCF | 43.01 | ||
| Altman-Z | 0.09 |
ROIC/WACCN/A
WACC7.19%
2.3 Liquidity
A Current Ratio of 2.96 indicates that BXMT has no problem at all paying its short term obligations.
BXMT has a better Current ratio (2.96) than 89.06% of its industry peers.
BXMT has a Quick Ratio of 2.96. This indicates that BXMT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.96, BXMT belongs to the best of the industry, outperforming 89.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
BXMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -101.31%.
Looking at the last year, BXMT shows a very negative growth in Revenue. The Revenue has decreased by -12.54% in the last year.
The Revenue has been growing by 15.09% on average over the past years. This is quite good.
EPS 1Y (TTM)-101.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-281.16%
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-33.95%
3.2 Future
BXMT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 272.59% yearly.
The Revenue is expected to decrease by -5.83% on average over the next years.
EPS Next Y3726.66%
EPS Next 2Y606.23%
EPS Next 3Y272.59%
EPS Next 5YN/A
Revenue Next Year-5.59%
Revenue Next 2Y1.74%
Revenue Next 3Y-5.83%
Revenue Next 5YN/A
3.3 Evolution
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 negative for BXMT. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 13.96 indicates a correct valuation of BXMT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BXMT is on the same level as its industry peers.
BXMT's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.96 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, BXMT is valued a bit cheaper than 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.57 | ||
| 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.
BXMT's earnings are expected to grow with 272.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y606.23%
EPS Next 3Y272.59%
5. Dividend
5.1 Amount
BXMT has a Yearly Dividend Yield of 9.14%, which is a nice return.
Compared to an average industry Dividend Yield of 12.96, BXMT's dividend is way lower than its industry peers. On top of this 89.06% of the companies listed in the same industry pay a better dividend than BXMT!
BXMT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.14% |
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.
BXMT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.26%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
BXMT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-197.96%
EPS Next 2Y606.23%
EPS Next 3Y272.59%
20.25
-0.32 (-1.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)
Earnings (Next)
Inst Owners64.86%
Inst Owner Change-94.53%
Ins Owners1.03%
Ins Owner Change4.54%
Market Cap3.50B
Analysts76
Price Target20.74 (2.42%)
Short Float %12.15%
Short Ratio11.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.14% |
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP-197.96%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.94%
Min EPS beat(2)-18.98%
Max EPS beat(2)24.85%
EPS beat(4)2
Avg EPS beat(4)-4.83%
Min EPS beat(4)-25.5%
Max EPS beat(4)24.85%
EPS beat(8)6
Avg EPS beat(8)2.79%
EPS beat(12)9
Avg EPS beat(12)3.76%
EPS beat(16)12
Avg EPS beat(16)4.13%
Revenue beat(2)0
Avg Revenue beat(2)-8.98%
Min Revenue beat(2)-9.99%
Max Revenue beat(2)-7.97%
Revenue beat(4)0
Avg Revenue beat(4)-7.18%
Min Revenue beat(4)-9.99%
Max Revenue beat(4)-5.16%
Revenue beat(8)2
Avg Revenue beat(8)-3.67%
Revenue beat(12)6
Avg Revenue beat(12)39.49%
Revenue beat(16)10
Avg Revenue beat(16)49.64%
PT rev (1m)1.3%
PT rev (3m)1.67%
EPS NQ rev (1m)-11.41%
EPS NQ rev (3m)-47.64%
EPS NY rev (1m)-2.25%
EPS NY rev (3m)-1.66%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)-13.25%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.96 | ||
| P/S | 1.97 | ||
| P/FCF | 9.57 | ||
| P/OCF | 9.56 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.04
EYN/A
EPS(NY)1.45
Fwd EY7.16%
FCF(TTM)2.11
FCFY10.44%
OCF(TTM)2.12
OCFY10.46%
SpS10.3
BVpS21.89
TBVpS21.89
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.03% | ||
| ROE | -5.39% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.42% | ||
| FCFM | 20.53% |
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-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.15 | ||
| Debt/FCF | 43.01 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 6.27% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.96 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z | 0.09 |
F-Score6
WACC7.19%
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)-101.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-281.16%
EPS Next Y3726.66%
EPS Next 2Y606.23%
EPS Next 3Y272.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.54%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-33.95%
Revenue Next Year-5.59%
Revenue Next 2Y1.74%
Revenue Next 3Y-5.83%
Revenue Next 5YN/A
EBIT growth 1Y-152.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-20.26%
FCF growth 3Y-1.47%
FCF growth 5Y3.77%
OCF growth 1Y-20.14%
OCF growth 3Y-1.42%
OCF growth 5Y3.81%