BlackLine, Inc.

DB:02B Stock Report

Market Cap: €3.8b

BlackLine Valuation

Is 02B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 02B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 02B (€60.5) is trading below our estimate of fair value (€88.95)

Significantly Below Fair Value: 02B is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 02B?

Key metric: As 02B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 02B. This is calculated by dividing 02B's market cap by their current earnings.
What is 02B's PE Ratio?
PE Ratio31.3x
EarningsUS$126.83m
Market CapUS$3.96b

Price to Earnings Ratio vs Peers

How does 02B's PE Ratio compare to its peers?

The above table shows the PE ratio for 02B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.7x
AOF ATOSS Software
39.6x7.7%€1.7b
TMV TeamViewer
11.9x10.7%€1.4b
NEM Nemetschek
63x18.5%€10.8b
MUM Mensch und Maschine Software
28.3x14.0%€904.0m
02B BlackLine
31.3x-26.2%€4.0b

Price-To-Earnings vs Peers: 02B is good value based on its Price-To-Earnings Ratio (31.3x) compared to the peer average (35.7x).

Price to Earnings Ratio vs Industry

How does 02B's PE Ratio compare vs other companies in the European Software Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
02B 31.3xIndustry Avg. 26.2xNo. of Companies18PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 02B is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the European Software industry average (26.2x).

Price to Earnings Ratio vs Fair Ratio

What is 02B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

02B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.3x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: 02B is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 02B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€60.50
€62.52
+3.3%
17.9%€81.84€47.58n/a10
Dec ’25€58.50
€61.17
+4.6%
18.3%€82.59€48.02n/a10
Nov ’25€51.00
€53.25
+4.4%
18.0%€74.75€42.45n/a10
Oct ’25€48.60
€51.21
+5.4%
19.3%€72.54€40.30n/a11
Sep ’25€44.60
€51.52
+15.5%
18.4%€74.16€41.20n/a11
Aug ’25€42.40
€55.35
+30.5%
16.8%€75.06€45.41n/a11
Jul ’25€44.40
€57.62
+29.8%
15.7%€75.61€45.74n/a11
Jun ’25€43.60
€57.92
+32.8%
15.0%€75.12€45.44n/a11
May ’25€54.00
€57.95
+7.3%
14.0%€75.67€46.71n/a12
Apr ’25€59.50
€56.23
-5.5%
14.3%€74.82€46.19n/a12
Mar ’25€54.00
€56.04
+3.8%
14.3%€75.50€46.61n/a12
Feb ’25€55.50
€56.81
+2.4%
13.9%€74.67€43.33n/a12
Jan ’25€58.50
€55.21
-5.6%
16.2%€73.37€42.57n/a11
Dec ’24€55.00
€52.80
-4.0%
14.8%€74.02€42.95€58.5012
Nov ’24€45.40
€55.46
+22.2%
15.0%€76.29€42.39€51.0013
Oct ’24€52.50
€55.74
+6.2%
14.6%€76.48€44.38€48.6013
Sep ’24€54.00
€55.16
+2.2%
15.0%€74.95€43.49€44.6013
Aug ’24€53.00
€56.67
+6.9%
16.7%€79.33€45.59€42.4013
Jul ’24€49.00
€56.87
+16.1%
16.5%€80.45€46.24€44.4014
Jun ’24€49.00
€56.87
+16.1%
16.5%€80.45€46.24€43.6014
May ’24€50.50
€60.08
+19.0%
16.5%€79.20€45.52€54.0013
Apr ’24€62.02
€62.47
+0.7%
16.1%€81.51€46.85€59.5013
Mar ’24€64.64
€62.47
-3.4%
16.1%€81.51€46.85€54.0013
Feb ’24€66.64
€60.34
-9.5%
16.4%€80.30€46.15€55.5013
Jan ’24€62.70
€61.42
-2.0%
16.8%€81.84€47.04€58.5013
Dec ’23€66.10
€61.81
-6.5%
16.4%€83.64€48.07€55.0013

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 Analysis2024/12/22 16:36
End of Day Share Price 2024/12/20 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

BlackLine, Inc. is covered by 21 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Ishan MajumdarBaptista Research
Daniel JesterBMO Capital Markets Equity Research