NYSE:BX

Stock Analysis Report

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Market Cap

US$139.9b

Last Updated

2021/07/31 05:45 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, public debt and equity and multi-asset class strategies. More Details


Snowflake Analysis

Outstanding track record average dividend payer.


Similar Companies

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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BX's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

3.6%

BX

0.9%

US Capital Markets

-0.5%

US Market


1 Year Return

116.3%

BX

57.6%

US Capital Markets

35.9%

US Market

Return vs Industry: BX exceeded the US Capital Markets industry which returned 57.6% over the past year.

Return vs Market: BX exceeded the US Market which returned 35.9% over the past year.


Shareholder returns

BXIndustryMarket
7 Day3.6%0.9%-0.5%
30 Day18.7%0.7%0.3%
90 Day30.3%5.3%3.1%
1 Year124.8%116.3%60.9%57.6%38.0%35.9%
3 Year273.8%229.2%77.4%64.6%62.9%52.7%
5 Year454.9%323.9%169.8%137.5%121.7%97.3%

Long-Term 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

Valuation

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

17.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BX ($115.27) is trading above our estimate of fair value ($82.45)

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 (17.9x) compared to the US Capital Markets industry average (13.2x).

PE vs Market: BX's PE Ratio (17.9x) is in line with the US market.


Price to Earnings Growth Ratio

PEG Ratio: BX is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: BX is good value based on its PB Ratio (9.9x) compared to the US Capital Markets industry average (61.5x).


Future Growth

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

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BX's forecast earnings growth (8.5% per year) is above the savings rate (2%).

Earnings vs Market: BX's earnings (8.5% per year) are forecast to grow slower than the US market (14.9% per year).

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

Revenue vs Market: BX's revenue (2.9% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: BX's revenue (2.9% 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 (38.9%)


Past Performance

How has Blackstone Group performed over the past 5 years?

19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BX has high quality earnings.

Growing Profit Margin: BX's current net profit margins (26.6%) are higher than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: BX's earnings have grown by 19.4% per year over the past 5 years.

Accelerating Growth: BX's earnings growth over the past year (501.9%) exceeds its 5-year average (19.4% per year).

Earnings vs Industry: BX earnings growth over the past year (501.9%) exceeded the Capital Markets industry 55.6%.


Return on Equity

High ROE: BX's Return on Equity (52.5%) is considered outstanding.


Financial Health

How is Blackstone Group's financial position?


Financial Position Analysis

Short Term Liabilities: BX's short term assets ($6.3B) do not cover its short term liabilities ($7.1B).

Long Term Liabilities: BX's short term assets ($6.3B) do not cover its long term liabilities ($7.7B).


Debt to Equity History and Analysis

Debt Level: BX's debt to equity ratio (30%) is considered satisfactory.

Reducing Debt: BX's debt to equity ratio has reduced from 56.3% to 30% over the past 5 years.

Debt Coverage: BX's debt is well covered by operating cash flow (58.1%).

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 Group current dividend yield, its reliability and sustainability?

1.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BX's dividend (1.96%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: BX's dividend (1.96%) is low compared to the top 25% of dividend payers in the US market (3.54%).


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 (47%), 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 (86.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Steve Schwarzman (74 yo)

14.33yrs

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 ($USD86.38M) is above average for companies of similar size in the US market ($USD11.17M).

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 (3.3 years average tenure).


Board Members

Experienced Board: BX's board of directors are considered experienced (9.3 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

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$139.914b
  • Market Cap: US$83.049b
  • Shares outstanding: 1.21b
  • Website: https://www.blackstone.com

Number of Employees


Location

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

Listings


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, public debt and equity and multi-asset...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 05:45
End of Day Share Price2021/07/30 00:00
Earnings2021/06/30
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.