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BX

BlackstoneNYSE:BX Stock Report

Market Cap

US$165.8b

7D

11.9%

1Y

151.9%

Updated

24 Oct, 2021

Data

Company Financials +
BX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance6/6
Financial Health4/6
Dividends4/6

BX Overview

The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.

Blackstone Competitors

BlackRock

NYSE:BLK

US$139.1b

KKR

NYSE:KKR

US$62.8b

T. Rowe Price Group

NasdaqGS:TROW

US$46.9b

Apollo Global Management

NYSE:APO

US$34.5b

Price History & Performance

Summary of all time highs, changes and price drops for Blackstone
Historical stock prices
Current Share PriceUS$137.63
52 Week HighUS$49.40
52 Week LowUS$137.84
Beta1.35
1 Month Change10.02%
3 Month Change21.49%
1 Year Change151.89%
3 Year Change333.75%
5 Year Change439.73%
Change since IPO292.56%

Recent News & Updates

Sep 12
Should You Be Adding Blackstone (NYSE:BX) To Your Watchlist Today?

Should You Be Adding Blackstone (NYSE:BX) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

BXUS Capital MarketsUS Market
7D11.9%3.5%1.7%
1Y151.9%64.0%30.3%

Return vs Industry: BX exceeded the US Capital Markets industry which returned 64% over the past year.

Return vs Market: BX exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is BX's price volatile compared to industry and market?
BX volatility
BX Beta1.35
Industry Beta1.19
Market Beta1

Stable Share Price: BX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19853,165Steve Schwarzmanhttps://www.blackstone.com

The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.

Blackstone Fundamentals Summary

How do Blackstone's earnings and revenue compare to its market cap?
BX fundamental statistics
Market CapUS$165.83b
Earnings (TTM)US$5.21b
Revenue (TTM)US$20.25b

31.8x

P/E Ratio

8.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BX income statement (TTM)
RevenueUS$20.25b
Cost of RevenueUS$5.53b
Gross ProfitUS$14.72b
ExpensesUS$9.51b
EarningsUS$5.21b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.32
Gross Margin72.71%
Net Profit Margin25.72%
Debt/Equity Ratio36.2%

How did BX perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

49%

Payout Ratio

Does BX pay a reliable dividends?

See BX dividend history and benchmarks
When do you need to buy BX by to receive an upcoming dividend?
Blackstone dividend dates
Ex Dividend DateOct 29 2021
Dividend Pay DateNov 08 2021
Days until Ex dividend3 days
Days until Dividend pay date13 days

Does BX pay a reliable dividends?

See BX dividend history and benchmarks

Valuation

Is Blackstone undervalued compared to its fair value and its price relative to the market?

31.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BX ($137.63) is trading above our estimate of fair value ($128.24)

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


Price To Earnings Ratio

PE vs Industry: BX is poor value based on its PE Ratio (31.8x) compared to the US Capital Markets industry average (16.5x).

PE vs Market: BX is poor value based on its PE Ratio (31.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BX is poor value based on its PEG Ratio (7.8x)


Price to Book Ratio

PB vs Industry: BX is good value based on its PB Ratio (18.3x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is Blackstone forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BX's forecast earnings growth (4.1% per year) is above the savings rate (2%).

Earnings vs Market: BX's earnings (4.1% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: BX's earnings are forecast to grow, but not significantly.

Revenue vs Market: BX's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: BX's revenue is forecast to decline over the next 3 years (-0.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BX's Return on Equity is forecast to be very high in 3 years time (65.1%).


Past Performance

How has Blackstone performed over the past 5 years?

23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BX has high quality earnings.

Growing Profit Margin: BX's current net profit margins (25.7%) are higher than last year (17%).


Past Earnings Growth Analysis

Earnings Trend: BX's earnings have grown significantly by 23.5% per year over the past 5 years.

Accelerating Growth: BX's earnings growth over the past year (568%) exceeds its 5-year average (23.5% per year).

Earnings vs Industry: BX earnings growth over the past year (568%) exceeded the Capital Markets industry 77.6%.


Return on Equity

High ROE: BX's Return on Equity (53.9%) is considered outstanding.


Financial Health

How is Blackstone's financial position?


Financial Position Analysis

Short Term Liabilities: BX's short term assets ($9.3B) exceed its short term liabilities ($8.3B).

Long Term Liabilities: BX's short term assets ($9.3B) do not cover its long term liabilities ($9.8B).


Debt to Equity History and Analysis

Debt Level: BX's debt to equity ratio (36.2%) is considered satisfactory.

Reducing Debt: BX's debt to equity ratio has reduced from 59.4% to 36.2% over the past 5 years.

Debt Coverage: BX's debt is well covered by operating cash flow (48.1%).

Interest Coverage: Insufficient data to determine if BX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Blackstone current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 25 2021Ex Dividend DateOct 29 2021Dividend Pay DateNov 08 202110 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BX's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: BX's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: BX's dividend payments have been volatile in the past 10 years.

Growing Dividend: BX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.9%), BX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BX's dividends in 3 years are forecast to be covered by earnings (85.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Steve Schwarzman (74 yo)

14.58yrs

Tenure

US$86,380,331

Compensation

Mr. Stephen Allen Schwarzman, B.A. & M.B.A., also Known as Steve, serves as Chairman, Chief Executive Officer of The Blackstone Group Inc. He is Co-Founder of The Blackstone Group Inc. Mr. Schwarzman has b...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD86.38M) is above average for companies of similar size in the US market ($USD11.15M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BX's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: BX's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Blackstone Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Blackstone Inc.
  • Ticker: BX
  • Exchange: NYSE
  • Founded: 1985
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$165.834b
  • Market Cap: US$99.282b
  • Shares outstanding: 1.20b
  • Website: https://www.blackstone.com

Number of Employees


Location

  • Blackstone Inc.
  • 345 Park Avenue
  • New York
  • New York
  • 10154
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:07
End of Day Share Price2021/10/22 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.