Blackstone Group
Market Cap
US$55.3b
Last Updated
2020/03/30 03:20 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.
Rewards
Snowflake Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
27.9%
BX
19.7%
US Capital Markets
12.5%
US Market
1 Year Return
30.2%
BX
-13.2%
US Capital Markets
-12.7%
US Market
Return vs Industry: BX exceeded the US Capital Markets industry which returned -13.2% over the past year.
Return vs Market: BX exceeded the US Market which returned -12.7% over the past year.
Shareholder returns
| BX | Industry | Market | |
|---|---|---|---|
| 7 Day | 27.9% | 19.7% | 12.5% |
| 30 Day | -14.4% | -16.9% | -14.7% |
| 90 Day | -17.6% | -23.7% | -21.5% |
| 1 Year | 35.2%30.2% | -11.5%-13.2% | -10.9%-12.7% |
| 3 Year | 87.6%56.0% | 6.8%0.7% | 12.6%5.4% |
| 5 Year | 67.3%19.6% | 32.7%20.3% | 31.9%17.5% |
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?
15.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BX ($46.09) is trading above our estimate of fair value ($39.92)
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 (15.2x) compared to the Capital Markets industry average (32.5x).
PE vs Market: BX is poor value based on its PE Ratio (15.2x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: BX is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: BX is good value based on its PB Ratio (4.5x) compared to the US Capital Markets industry average (7.2x).
Future Growth
How is Blackstone Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
34.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BX's forecast earnings growth (34% per year) is above the savings rate (1.7%).
Earnings vs Market: BX's earnings (34% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BX's revenue (6.6% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BX's revenue (6.6% 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 (33%)
Past Performance
How has Blackstone Group performed over the past 5 years?
9.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BX has high quality earnings.
Growing Profit Margin: BX's current net profit margins (28.7%) are higher than last year (23.1%).
Past Earnings Growth Analysis
Earnings Trend: BX's earnings have grown by 9.3% per year over the past 5 years.
Accelerating Growth: BX's earnings growth over the past year (32.9%) exceeds its 5-year average (9.3% per year).
Earnings vs Industry: BX earnings growth over the past year (32.9%) exceeded the Capital Markets industry 9.7%.
Return on Equity
High ROE: BX's Return on Equity (25.6%) is considered high.
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 0.6x 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?
5.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BX's dividend (5.29%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: BX's dividend (5.29%) is low compared to the top 25% of dividend payers in the US market (5.49%).
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 reasonable payout ratio (64.3%), BX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BX's dividends in 3 years are not forecast to be well covered by earnings (92.9% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Steve Schwarzman (72yo)
13s
Tenure
US$57,073,953
Compensation
Mr. Stephen Allen Schwarzman also Known as Steve, serves as Chairman, Chief Executive Officer of The Blackstone Group Inc. He is Co-Founder of The Blackstone Group Inc. Mr. Schwarzman has been involved in ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD57.07M) is above average for companies of similar size in the US market ($USD11.74M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13yrs | US$57.07m | no data | |
| Executive Vice Chairman & General Partner | no data | US$55.96m | 0.0030% $1.7m | |
| General Partner | 8yrs | US$98.99m | no data | |
| Chief Financial Officer | 4.58yrs | US$15.58m | 0.0021% $1.1m | |
| Chief Legal Officer & Senior MD of Blackstone Group Management L.L.C | 9.5yrs | US$9.99m | 0.035% $19.5m | |
| General Partner & Independent Director | 11.5yrs | US$409.02k | 0.0086% $4.7m | |
| Senior MD & and Global Head of Core+ Real Estate | 24.17yrs | no data | no data | |
| Senior Managing Director of Real Estate | no data | no data | no data | |
| Senior Managing Director of Private Equity | no data | no data | no data | |
| Senior MD of Real Estate & Chairman of Real Estate Europe | no data | no data | no data |
7.0yrs
Average Tenure
58.5yo
Average Age
Experienced Management: BX's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13yrs | US$57.07m | no data | |
| Executive Vice Chairman & General Partner | no data | US$55.96m | 0.0030% $1.7m | |
| General Partner | 8yrs | US$98.99m | no data | |
| General Partner & Independent Director | 11.5yrs | US$409.02k | 0.0086% $4.7m | |
| Senior MD of Real Estate & Chairman of Real Estate Europe | no data | no data | no data | |
| Senior MD of Real Estate & Co-Founder and Chairman of Blackstone Real Estate Debt Strategies | no data | no data | no data | |
| Senior MD of SG-Regional Management & Member of International Advisory Board | 7.17yrs | no data | no data | |
| Global Head of Private Equity & Director | no data | no data | 0.036% $20.1m | |
| Founder | no data | no data | no data | |
| Chairman of Pinnacle Foods Group Inc | no data | no data | no data |
9.8yrs
Average Tenure
65yo
Average Age
Experienced Board: BX's board of directors are considered experienced (9.8 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$55.257b
- Market Cap: US$31.475b
- Shares outstanding: 1.20b
- 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. The firm typically invests in early-stage companies. It also provide capital markets services. The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia. The firm’s corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant minority investments in operating companies and greenfield development projects in energy and power, financial services, healthcare, enterprise tech and consumer, as well as consumer technologies. Its hedge fund business manages a broad range of commingled and customized fund solutions and its credit business focuses on loans, and securities of non-investment grade companies spread across the capital structure including senior debt, subordinated debt, preferred stock and common equity. The Blackstone Group Inc. was founded in 1985 and is headquartered in New York, New York with additional offices across Asia, Europe and North America.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 03:20 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.