Logo image of BXSL

BLACKSTONE SECURED LENDING F (BXSL) Stock Fundamental Analysis

NYSE:BXSL - New York Stock Exchange, Inc. - US09261X1028 - Common Stock - Currency: USD

33.6  -0.12 (-0.36%)

After market: 33.8 +0.2 (+0.6%)

Fundamental Rating

4

BXSL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 223 industry peers in the Capital Markets industry. While BXSL is still in line with the averages on profitability rating, there are concerns on its financial health. BXSL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

6

1. Profitability

1.1 Basic Checks

BXSL had positive earnings in the past year.
In the past year BXSL has reported a negative cash flow from operations.
Each year in the past 5 years BXSL has been profitable.
In multiple years BXSL reported negative operating cash flow during the last 5 years.
BXSL Yearly Net Income VS EBIT VS OCF VS FCFBXSL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 -1B -2B -3B

1.2 Ratios

With a decent Return On Assets value of 5.57%, BXSL is doing good in the industry, outperforming 73.85% of the companies in the same industry.
BXSL has a Return On Equity of 12.08%. This is in the better half of the industry: BXSL outperforms 68.35% of its industry peers.
With a Return On Invested Capital value of 4.65%, BXSL perfoms like the industry average, outperforming 57.34% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for BXSL is below the industry average of 6.74%.
The 3 year average ROIC (4.05%) for BXSL is below the current ROIC(4.65%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.57%
ROE 12.08%
ROIC 4.65%
ROA(3y)4.88%
ROA(5y)4.33%
ROE(3y)10.81%
ROE(5y)9.1%
ROIC(3y)4.05%
ROIC(5y)3.46%
BXSL Yearly ROA, ROE, ROICBXSL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 53.88%, BXSL belongs to the top of the industry, outperforming 92.66% of the companies in the same industry.
In the last couple of years the Profit Margin of BXSL has declined.
BXSL has a Operating Margin of 55.71%. This is amongst the best in the industry. BXSL outperforms 90.83% of its industry peers.
BXSL's Operating Margin has improved in the last couple of years.
BXSL's Gross Margin of 56.59% is fine compared to the rest of the industry. BXSL outperforms 60.55% of its industry peers.
In the last couple of years the Gross Margin of BXSL has grown nicely.
Industry RankSector Rank
OM 55.71%
PM (TTM) 53.88%
GM 56.59%
OM growth 3Y-1.64%
OM growth 5Y7.62%
PM growth 3Y-1.57%
PM growth 5YN/A
GM growth 3Y-2.05%
GM growth 5Y8.08%
BXSL Yearly Profit, Operating, Gross MarginsBXSL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 50 -50

More info and screens

1

2. Health

2.1 Basic Checks

BXSL has more shares outstanding than it did 1 year ago.
BXSL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BXSL has an improved debt to assets ratio.
BXSL Yearly Shares OutstandingBXSL Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 50M 100M 150M
BXSL Yearly Total Debt VS Total AssetsBXSL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B 10B

2.2 Solvency

BXSL has an Altman-Z score of 0.98. This is a bad value and indicates that BXSL is not financially healthy and even has some risk of bankruptcy.
BXSL has a Altman-Z score (0.98) which is in line with its industry peers.
A Debt/Equity ratio of 1.12 is on the high side and indicates that BXSL has dependencies on debt financing.
BXSL's Debt to Equity ratio of 1.12 is in line compared to the rest of the industry. BXSL outperforms 44.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Altman-Z 0.98
ROIC/WACCN/A
WACCN/A
BXSL Yearly LT Debt VS Equity VS FCFBXSL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 2B -2B 4B

2.3 Liquidity

A Current Ratio of 0.89 indicates that BXSL may have some problems paying its short term obligations.
With a Current ratio value of 0.89, BXSL perfoms like the industry average, outperforming 42.66% of the companies in the same industry.
A Quick Ratio of 0.89 indicates that BXSL may have some problems paying its short term obligations.
BXSL has a Quick ratio (0.89) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.89
BXSL Yearly Current Assets VS Current LiabilitesBXSL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 100M 200M 300M

More info and screens

5

3. Growth

3.1 Past

The earnings per share for BXSL have decreased by -5.44% in the last year.
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 quite strong growth in Revenue. The Revenue has grown by 17.27% in the last year.
BXSL shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 224.05% yearly.
EPS 1Y (TTM)-5.44%
EPS 3Y40.37%
EPS 5YN/A
EPS Q2Q%-4.21%
Revenue 1Y (TTM)17.27%
Revenue growth 3Y43.18%
Revenue growth 5Y224.05%
Sales Q2Q%20.85%

3.2 Future

BXSL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.83% yearly.
BXSL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.86% yearly.
EPS Next Y-7.65%
EPS Next 2Y-7.77%
EPS Next 3Y-6.83%
EPS Next 5YN/A
Revenue Next Year12.66%
Revenue Next 2Y8.57%
Revenue Next 3Y5.86%
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.
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.
BXSL Yearly Revenue VS EstimatesBXSL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M 800M 1B
BXSL Yearly EPS VS EstimatesBXSL Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.26, the valuation of BXSL can be described as very reasonable.
76.61% of the companies in the same industry are more expensive than BXSL, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.47. BXSL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.13 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 68.81% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BXSL to the average of the S&P500 Index (92.74), we can say BXSL is valued rather cheaply.
Industry RankSector Rank
PE 9.26
Fwd PE 10.13
BXSL Price Earnings VS Forward Price EarningsBXSL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BXSL Per share dataBXSL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

The decent profitability rating of BXSL may justify a higher PE ratio.
A cheap valuation may be justified as BXSL's earnings are expected to decrease with -6.83% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.77%
EPS Next 3Y-6.83%

More info and screens

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.31%, BXSL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.39, BXSL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, BXSL pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.31%

5.2 History

BXSL has paid a dividend for less than 5 years, so there is no long track record yet.
BXSL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
BXSL Yearly Dividends per shareBXSL Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 1 2 3

5.3 Sustainability

80.65% of the earnings are spent on dividend by BXSL. This is not a sustainable payout ratio.
DP80.65%
EPS Next 2Y-7.77%
EPS Next 3Y-6.83%
BXSL Yearly Income VS Free CF VS DividendBXSL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 0 -1B -2B -3B
BXSL Dividend Payout.BXSL Dividend Payout, showing the Payout Ratio.BXSL Dividend Payout.PayoutRetained Earnings

More info and screens

BLACKSTONE SECURED LENDING F

NYSE:BXSL (2/4/2025, 8:04:01 PM)

After market: 33.8 +0.2 (+0.6%)

33.6

-0.12 (-0.36%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-12 2024-11-12/dmh
Earnings (Next)N/A N/A
Inst Owners38.74%
Inst Owner Change7.51%
Ins Owners1.75%
Ins Owner Change0%
Market Cap7.28B
Analysts81.33
Price Target32.74 (-2.56%)
Short Float %1.12%
Short Ratio2.19
Dividend
Industry RankSector Rank
Dividend Yield 9.31%
Yearly Dividend2.53
Dividend Growth(5Y)N/A
DP80.65%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.78%
Min EPS beat(2)-3.3%
Max EPS beat(2)-0.26%
EPS beat(4)1
Avg EPS beat(4)-2.4%
Min EPS beat(4)-7.43%
Max EPS beat(4)1.37%
EPS beat(8)3
Avg EPS beat(8)-1.17%
EPS beat(12)6
Avg EPS beat(12)2.45%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.27%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)1.19%
Revenue beat(4)2
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-3.56%
Max Revenue beat(4)5.05%
Revenue beat(8)3
Avg Revenue beat(8)0.78%
Revenue beat(12)6
Avg Revenue beat(12)1.75%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.58%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)12.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.84%
Valuation
Industry RankSector Rank
PE 9.26
Fwd PE 10.13
P/S 5.69
P/FCF N/A
P/OCF N/A
P/B 1.28
P/tB 1.28
EV/EBITDA N/A
EPS(TTM)3.63
EY10.8%
EPS(NY)3.32
Fwd EY9.87%
FCF(TTM)-8.08
FCFYN/A
OCF(TTM)-8.08
OCFYN/A
SpS5.9
BVpS26.31
TBVpS26.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.57%
ROE 12.08%
ROCE 5.89%
ROIC 4.65%
ROICexc 4.73%
ROICexgc 4.74%
OM 55.71%
PM (TTM) 53.88%
GM 56.59%
FCFM N/A
ROA(3y)4.88%
ROA(5y)4.33%
ROE(3y)10.81%
ROE(5y)9.1%
ROIC(3y)4.05%
ROIC(5y)3.46%
ROICexc(3y)4.1%
ROICexc(5y)3.53%
ROICexgc(3y)4.1%
ROICexgc(5y)3.53%
ROCE(3y)5.12%
ROCE(5y)4.38%
ROICexcg growth 3Y16.88%
ROICexcg growth 5Y85.65%
ROICexc growth 3Y16.89%
ROICexc growth 5Y85.65%
OM growth 3Y-1.64%
OM growth 5Y7.62%
PM growth 3Y-1.57%
PM growth 5YN/A
GM growth 3Y-2.05%
GM growth 5Y8.08%
F-Score2
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 1.12
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 2.47
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.89
Quick Ratio 0.89
Altman-Z 0.98
F-Score2
WACCN/A
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)-5.44%
EPS 3Y40.37%
EPS 5YN/A
EPS Q2Q%-4.21%
EPS Next Y-7.65%
EPS Next 2Y-7.77%
EPS Next 3Y-6.83%
EPS Next 5YN/A
Revenue 1Y (TTM)17.27%
Revenue growth 3Y43.18%
Revenue growth 5Y224.05%
Sales Q2Q%20.85%
Revenue Next Year12.66%
Revenue Next 2Y8.57%
Revenue Next 3Y5.86%
Revenue Next 5YN/A
EBIT growth 1Y11.67%
EBIT growth 3Y40.84%
EBIT growth 5Y248.75%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-98.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-98.14%
OCF growth 3YN/A
OCF growth 5YN/A