NYSE:BX

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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.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

BX

1.0%

US Capital Markets

0.5%

US Market


1 Year Return

12.6%

BX

10.9%

US Capital Markets

18.7%

US Market

Return vs Industry: BX exceeded the US Capital Markets industry which returned 10.9% over the past year.

Return vs Market: BX underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

BXIndustryMarket
7 Day1.3%1.0%0.5%
30 Day-5.1%0.7%4.9%
90 Day4.1%17.8%19.8%
1 Year16.4%12.6%13.2%10.9%21.2%18.7%
3 Year96.9%68.7%29.0%21.2%46.2%36.8%
5 Year113.8%56.6%68.0%51.8%85.3%65.1%

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?

47.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BX ($53.18) is trading above our estimate of fair value ($50.15)

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 (47.1x) compared to the US Capital Markets industry average (28.7x).

PE vs Market: BX is poor value based on its PE Ratio (47.1x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: BX is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BX is good value based on its PB Ratio (6.6x) compared to the US Capital Markets industry average (9.3x).

Future Growth

How is Blackstone Group forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

35.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BX's forecast earnings growth (35.2% per year) is above the savings rate (2.2%).

Earnings vs Market: BX's earnings (35.2% per year) are forecast to grow faster than the US market (24.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BX's revenue (30% per year) is forecast to grow faster than the US market (9.5% per year).

High Growth Revenue: BX's revenue (30% per year) is forecast to grow faster 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 (27.3%)

Past Performance

How has Blackstone Group performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BX has high quality earnings.

Growing Profit Margin: BX's current net profit margins (25.6%) are higher than last year (21.2%).


Past Earnings Growth Analysis

Earnings Trend: BX's earnings have grown by 8.6% 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 (-37.5%) over the past year, making it difficult to compare to the Capital Markets industry average (13.3%).


Return on Equity

High ROE: BX's Return on Equity (7.1%) is considered low.

Financial Health

How is Blackstone Group's financial position?


Financial Position Analysis

Short Term Liabilities: BX's short term assets ($5.6B) exceed its short term liabilities ($3.6B).

Long Term Liabilities: BX's short term assets ($5.6B) do not cover its long term liabilities ($12.7B).


Debt to Equity History and Analysis

Debt Level: BX's debt to equity ratio (87.8%) is considered high.

Reducing Debt: BX's debt to equity ratio has increased from 42.5% to 87.8% over the past 5 years.

Debt Coverage: BX's debt is well covered by operating cash flow (28.8%).

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?

4.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BX's dividend (4.59%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: BX's dividend (4.59%) is in the top 25% of dividend payers in the US market (4.31%)


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 high payout ratio (164.8%), BX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BX's dividends in 3 years are forecast to be covered by earnings (85.2% payout ratio).

Management

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

7.5yrs

Average management tenure


CEO

Steve Schwarzman (73 yo)

13.42yrs

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 ($USD57.07M) is above average for companies of similar size in the US market ($USD11.30M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Schwarzman
Chairman13.42yrsUS$57.07mno data
Hamilton James
Executive Vice Chairman & General Partnerno dataUS$55.96m0.0030%
$ 1.9m
Jonathan Gray
General Partner8.5yrsUS$98.99m0.063%
$ 40.1m
Michael Chae
Chief Financial Officer5yrsUS$15.58m0.0052%
$ 3.3m
John Finley
Chief Legal Officer & Senior MD of Blackstone Group Management L.L.C9.92yrsUS$9.99m0.030%
$ 19.2m
Jay Light
General Partner & Independent Director11.92yrsUS$409.02k0.0085%
$ 5.4m
Frank Cohen
Senior MD & and Global Head of Core+ Real Estate24.58yrsno datano data
William Stein
Senior Managing Director of Real Estateno datano datano data
Peter Wallace
Senior Managing Director of Private Equityno datano datano data
Anthony Myers
Senior MD of Real Estate & Chairman of Real Estate Europeno datano datano data
Alan Miyasaki
Senior MD of Real Estate Group & Head of Real Estate Asia Acquisitionsno datano datano data
Robert Heady
Senior MDno dataUS$7.05mno data

7.5yrs

Average Tenure

58yo

Average Age

Experienced Management: BX's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Schwarzman
Chairman13.42yrsUS$57.07mno data
Hamilton James
Executive Vice Chairman & General Partnerno dataUS$55.96m0.0030%
$ 1.9m
Jonathan Gray
General Partner8.5yrsUS$98.99m0.063%
$ 40.1m
Jay Light
General Partner & Independent Director11.92yrsUS$409.02k0.0085%
$ 5.4m
Anthony Myers
Senior MD of Real Estate & Chairman of Real Estate Europeno datano datano data
Michael Nash
Senior MD of Real Estate & Co-Founder and Chairman of Blackstone Real Estate Debt Strategiesno datano datano data
Gautam Banerjee
Senior MD of SG-Regional Management & Member of International Advisory Board7.58yrsno datano data
Joseph Baratta
Global Head of Private Equity & Director0.42yrno data0.036%
$ 22.7m
Stephen Can
Founderno datano datano data
Roger Deromedi
Chairman of Pinnacle Foods Group Incno datano datano data
Gerard Murphy
Chairman of the Blackstone Group International Partners LLPno datano datano data
Gérard Errera
Senior Advisor & Chairman of Blackstone France8.08yrsno datano data

8.3yrs

Average Tenure

66yo

Average Age

Experienced Board: BX's board of directors are considered experienced (8.3 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$63.257b
  • Market Cap: US$36.788b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BXNYSE (New York Stock Exchange)YesClass A Common StockUSUSDJun 2007
BX *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNJun 2007
0HO8LSE (London Stock Exchange)YesClass A Common StockGBEURJun 2007
BBN1DB (Deutsche Boerse AG)YesClass A Common StockDEEURJun 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, 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 Analysis2020/08/14 12:07
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.