Blackstone Mortgage Trust, Inc.

DB:079A Stock Report

Market Cap: €3.0b

Blackstone Mortgage Trust Valuation

Is 079A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 079A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 079A (€16.42) is trading above our estimate of fair value (€15.54)

Significantly Below Fair Value: 079A is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 079A?

Key metric: As 079A is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 079A. This is calculated by dividing 079A's market cap by their current book value.
What is 079A's PB Ratio?
PB Ratio0.8x
BookUS$3.84b
Market CapUS$3.04b

Price to Book Ratio vs Peers

How does 079A's PB Ratio compare to its peers?

The above table shows the PB ratio for 079A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average7.5x
T2G Tradegate Wertpapierhandelsbank
17.9xn/a€2.2b
BFV Berliner Effektengesellschaft
6.6xn/a€842.6m
FTK flatexDEGIRO
2.2x8.1%€1.6b
HYQ Hypoport
3.3x28.9%€1.2b
079A Blackstone Mortgage Trust
0.8x119.3%€3.0b

Price-To-Book vs Peers: 079A is good value based on its Price-To-Book Ratio (0.8x) compared to the peer average (7.5x).

Price to Book Ratio vs Industry

How does 079A's PB Ratio compare vs other companies in the Global Mortgage REITs Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
079A 0.8xIndustry Avg. 0.8xNo. of Companies12PB00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 079A is expensive based on its Price-To-Book Ratio (0.8x) compared to the Global Mortgage REITs industry average (0.8x).

Price to Book Ratio vs Fair Ratio

What is 079A's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

079A PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 079A's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 079A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.42
€19.07
+16.2%
8.0%€21.85€17.58n/a7
Dec ’25€18.06
€18.47
+2.3%
9.0%€21.24€17.09n/a6
Nov ’25€16.67
€18.47
+10.8%
9.0%€21.24€17.09n/a6
Oct ’25€16.95
€16.87
-0.4%
14.2%€20.60€14.33n/a6
Sep ’25€16.46
€16.90
+2.7%
12.5%€21.20€14.75n/a6
Aug ’25€16.36
€16.90
+3.3%
12.5%€21.20€14.75n/a6
Jul ’25€15.78
€17.00
+7.7%
4.8%€18.38€16.08n/a5
Jun ’25€15.96
€17.52
+9.8%
4.7%€18.74€16.39n/a5
May ’25€16.58
€17.52
+5.7%
4.7%€18.74€16.39n/a5
Apr ’25€18.31
€19.68
+7.5%
7.0%€22.14€17.53n/a6
Mar ’25€18.73
€19.87
+6.1%
6.5%€22.18€17.56n/a7
Feb ’25€18.73
€20.44
+9.1%
5.7%€22.23€18.52n/a7
Jan ’25€19.65
€20.44
+4.0%
5.7%€22.23€18.52€17.027
Dec ’24€20.22
€20.25
+0.2%
3.6%€20.72€18.84€18.066
Nov ’24€18.96
€20.25
+6.8%
3.6%€20.72€18.84€16.676
Oct ’24€20.52
€21.76
+6.0%
3.5%€22.46€20.59€16.956
Sep ’24€20.24
€21.09
+4.2%
4.7%€22.07€19.31€16.467
Aug ’24€20.80
€20.98
+0.9%
5.5%€22.74€19.10€16.367
Jul ’24€18.86
€17.83
-5.5%
8.4%€20.26€15.66€15.787
Jun ’24€16.87
€17.83
+5.7%
8.4%€20.26€15.66€15.967
May ’24€16.36
€18.21
+11.3%
14.1%€23.59€15.42€16.587
Apr ’24€16.44
€23.18
+41.0%
4.0%€24.25€21.45€18.317
Mar ’24€19.42
€23.18
+19.4%
4.0%€24.25€21.45€18.737
Feb ’24€21.66
€25.02
+15.6%
6.7%€27.66€22.13€18.737
Jan ’24€19.89
€26.07
+31.1%
4.0%€28.08€24.34€19.657

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 05:49
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Blackstone Mortgage Trust, Inc. is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Eric DrayBofA Global Research
Jessica Levi-RibnerB. Riley Securities, Inc.