Blackstone Group
Market Cap
US$62.0b
Last Updated
2019/11/20 00:51 UTC
Data Sources
Company Financials +
Executive Summary
The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies.
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Share Price & News
How has Blackstone Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.9%
BX
1.5%
US Capital Markets
0.9%
US Market
1 Year Return
60.3%
BX
12.3%
US Capital Markets
16.8%
US Market
Return vs Industry: BX exceeded the US Capital Markets industry which returned 12.3% over the past year.
Return vs Market: BX exceeded the US Market which returned 16.8% over the past year.
Shareholder returns
| BX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 1.5% | 0.9% |
| 30 Day | 5.9% | 6.5% | 4.5% |
| 90 Day | 4.4% | 8.1% | 6.2% |
| 1 Year | 67.7%60.3% | 14.8%12.3% | 19.4%16.8% |
| 3 Year | 141.4%99.7% | 43.4%35.2% | 47.5%38.0% |
| 5 Year | 119.7%55.1% | 77.6%61.2% | 62.0%44.1% |
Price Volatility Vs. Market
How volatile is Blackstone Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Blackstone Group undervalued compared to its fair value and its price relative to the market?
22.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BX ($51.97) is trading above our estimate of fair value ($35.74)
Significantly Below Fair Value: BX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BX is good value based on its PE Ratio (22.3x) compared to the Capital Markets industry average (36.1x).
PE vs Market: BX is poor value based on its PE Ratio (22.3x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BX is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: BX is good value based on its PB Ratio (5.2x) compared to the US Capital Markets industry average (6.3x).
Future Growth
How is Blackstone Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
29.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BX's forecast earnings growth (29.4% per year) is above the savings rate (2.7%).
Earnings vs Market: BX's earnings (29.4% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BX's revenue (18.7% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: BX's revenue (18.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BX's Return on Equity is forecast to be high in 3 years time (30.2%)
Past Performance
How has Blackstone Group performed over the past 5 years?
5.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BX has high quality earnings.
Growing Profit Margin: BX's current net profit margins (27.9%) are higher than last year (22.9%).
Past Earnings Growth Analysis
Earnings Trend: BX's earnings have grown by 5.2% per year over the past 5 years.
Accelerating Growth: BX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BX had negative earnings growth (-16.2%) over the past year, making it difficult to compare to the Capital Markets industry average (20.7%).
Return on Equity
High ROE: BX's Return on Equity (19.2%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Blackstone Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: BX has a low level of unsold assets or inventory.
Debt Coverage by Assets: BX's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: BX's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if BX has a sufficient allowance for bad loans.
Low Risk Liabilities: BX reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if BX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BX has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if BX has an appropriate level of bad loans.
Dividend
What is Blackstone Group's current dividend yield, its reliability and sustainability?
3.77%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BX's dividend (3.77%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: BX's dividend (3.77%) is in the top 25% of dividend payers in the US market (3.68%)
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: At its current payout ratio (77.9%), BX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BX's dividends in 3 years are forecast to be covered by earnings (86.6% payout ratio).
Management
What is the CEO of Blackstone Group's salary, the management and board of directors tenure and is there insider trading?
4.3yrs
Average management tenure
CEO
Steve Schwarzman (72yo)
12.7yrs
Tenure
US$69,147,028
Compensation
Mr. Stephen Allen Schwarzman is Chairman, CEO and Co-Founder of Blackstone. Mr. Schwarzman has been involved in all phases of Blackstone’s development since its founding in 1985. Mr. Schwarzman is an act ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD69.15M) is above average for companies of similar size in the US market ($USD11.07M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.3yrs
Average Tenure
60yo
Average Age
Experienced Management: BX's management team is considered experienced (4.3 years average tenure).
Board Age and Tenure
11.6yrs
Average Tenure
67yo
Average Age
Experienced Board: BX's board of directors are seasoned and experienced ( 11.6 years average tenure).
Insider Trading
Insider Buying: BX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Vice Chairman Executive Vice Chairman & General Partner |
| Shares | 946,300 |
| Max Price | US$52.56 |
| Entity | Individual |
| Shares | 7,000 |
| Max Price | US$48.23 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Steve Schwarzman (72yo)
Chairman
- Tenure: 12.7yrs
- Compensation: US$69.15m
M. Mulroney (79yo)
Member of Board of Directors
- Tenure: 12.4yrs
- Compensation: US$300.26k
Anuj Agarwal (52yo)
Senior MD of Real Estate Group
- Tenure: 0yrs
Jon Gray (50yo)
General Partner
- Tenure: 7.8yrs
- Compensation: US$57.82m
Ken Caplan (46yo)
Senior MD & Global Co-Head of Real Estate
- Tenure: 0yrs
Michael Chae (51yo)
CFO & Senior MD
- Tenure: 4.3yrs
- Compensation: US$14.32m
Frank Cohen (46yo)
Senior MD & and Global Head of Core+ Real Estate
- Tenure: 23.8yrs
Tony James (68yo)
Executive Vice Chairman & General Partner
- Tenure: 0yrs
- Compensation: US$66.24m
Jay Light (77yo)
General Partner & Director
- Tenure: 11.2yrs
- Compensation: US$325.42k
Bill Parrett (74yo)
Member of Board of Directors
- Tenure: 12yrs
- Compensation: US$328.20k
Board Members
Steve Schwarzman (72yo)
Chairman
- Tenure: 12.7yrs
- Compensation: US$69.15m
M. Mulroney (79yo)
Member of Board of Directors
- Tenure: 12.4yrs
- Compensation: US$300.26k
Jon Gray (50yo)
General Partner
- Tenure: 7.8yrs
- Compensation: US$57.82m
Roger Deromedi (66yo)
Chairman of Pinnacle Foods Group Inc
- Tenure: 0yrs
Tony James (68yo)
Executive Vice Chairman & General Partner
- Tenure: 0yrs
- Compensation: US$66.24m
Jay Light (77yo)
General Partner & Director
- Tenure: 11.2yrs
- Compensation: US$325.42k
Bill Parrett (74yo)
Member of Board of Directors
- Tenure: 12yrs
- Compensation: US$328.20k
Anthony Myers (60yo)
Senior MD of Real Estate & Chairman of Real Estate Europe
- Tenure: 0yrs
Bennett Goodman (61yo)
Senior MD & Member of Board of Directors
- Tenure: 0yrs
Gautam Banerjee (65yo)
Senior MD of SG-Regional Management & Member of International Advisory Board
- Tenure: 6.8yrs
Company Information
The Blackstone Group Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Blackstone Group Inc.
- Ticker: BX
- Exchange: NYSE
- Founded: 1985
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$62.021b
- Market Cap: US$34.266b
- Shares outstanding: 1.18b
- Website: https://www.blackstone.com
Number of Employees
Location
- The Blackstone Group Inc.
- 345 Park Avenue
- New York
- New York
- 10154
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BX | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jun 2007 |
| BX * | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Jun 2007 |
| 0HO8 | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | EUR | Jun 2007 |
| BBN1 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jun 2007 |
Biography
The Blackstone Group Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, and multi-asset class strategies. It a ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/20 00:51 |
| End of Day Share Price | 2019/11/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.