Blackstone Group
Market Cap
US$76.9b
Last Updated
2021/01/20 23:54 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
Rewards
Risk Analysis
Dividend of 3.79% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
High growth potential with mediocre balance sheet.
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 +/- 4% a week.
Volatility Over Time: BX's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
BX
-1.0%
US Capital Markets
0.3%
US Market
1 Year Return
3.7%
BX
16.9%
US Capital Markets
21.1%
US Market
Return vs Industry: BX underperformed the US Capital Markets industry which returned 15.7% over the past year.
Return vs Market: BX underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| BX | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -1.0% | 0.3% |
| 30 Day | 1.2% | 8.0% | 3.3% |
| 90 Day | 19.1% | 22.8% | 14.2% |
| 1 Year | 7.2%3.7% | 19.8%16.9% | 23.8%21.1% |
| 3 Year | 110.2%80.8% | 30.6%20.6% | 45.0%35.4% |
| 5 Year | 239.3%154.8% | 148.2%117.1% | 127.7%102.3% |
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
1 month ago | Simply Wall St
Did The Blackstone Group Inc. (NYSE:BX) Insiders Sell Shares?1 month ago | Simply Wall St
What Can We Make Of Blackstone Group's (NYSE:BX) CEO Compensation?2 months ago | Simply Wall St
Do These 3 Checks Before Buying The Blackstone Group Inc. (NYSE:BX) For Its Upcoming DividendValuation
Is Blackstone Group undervalued compared to its fair value and its price relative to the market?
57.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BX ($64.41) is trading above our estimate of fair value ($47.38)
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 (57.1x) compared to the US Capital Markets industry average (27.1x).
PE vs Market: BX is poor value based on its PE Ratio (57.1x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BX is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: BX is overvalued based on its PB Ratio (7.3x) compared to the US Capital Markets industry average (5x).
Next Steps
Future Growth
How is Blackstone Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
26.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BX's forecast earnings growth (26.4% per year) is above the savings rate (2%).
Earnings vs Market: BX's earnings (26.4% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BX's revenue (18.2% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: BX's revenue (18.2% 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 (31.6%)
Next Steps
Past Performance
How has Blackstone Group performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BX has high quality earnings.
Growing Profit Margin: BX's current net profit margins (17%) are lower than last year (28.4%).
Past Earnings Growth Analysis
Earnings Trend: BX's earnings have grown by 8.4% 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 (-50.1%) over the past year, making it difficult to compare to the Capital Markets industry average (4.9%).
Return on Equity
High ROE: BX's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is Blackstone Group's financial position?
Financial Position Analysis
Short Term Liabilities: BX's short term assets ($6.3B) exceed its short term liabilities ($4.3B).
Long Term Liabilities: BX's short term assets ($6.3B) do not cover its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: BX's debt to equity ratio (43.1%) is considered high.
Reducing Debt: BX's debt to equity ratio has reduced from 49.2% to 43.1% over the past 5 years.
Debt Coverage: BX's debt is well covered by operating cash flow (38.1%).
Interest Coverage: Insufficient data to determine if BX's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Blackstone Group current dividend yield, its reliability and sustainability?
3.74%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BX's dividend (3.79%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: BX's dividend (3.79%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (169.3%), BX's dividend payments are not well 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 (94.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Steve Schwarzman (73 yo)
13.83yrs
Tenure
US$57,073,953
Compensation
Mr. Stephen Allen Schwarzman, B.A. & M.B.A., also Known as Steve, serves as Chairman, Chief Executive Officer of The Blackstone Group Inc. He is Co-Founder of The Blackstone Group Inc. Mr. Schwarzman has b...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD57.07M) is above average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.83yrs | US$57.07m | no data | |
| Executive Vice Chairman & General Partner | no data | US$55.96m | 0.0029% $ 2.3m | |
| General Partner | 8.92yrs | US$98.99m | 0.063% $ 48.6m | |
| Chief Financial Officer | 5.42yrs | US$15.58m | 0.0066% $ 5.1m | |
| Chief Legal Officer & Senior MD | no data | US$9.99m | 0.030% $ 22.8m | |
| General Partner & Independent Director | 12.33yrs | US$409.02k | 0.0090% $ 6.9m | |
| Senior Managing Director of Real Estate | no data | no data | no data | |
| Senior Managing Director of Private Equity - New York | no data | no data | no data | |
| Senior MD of Real Estate & Chairman of Real Estate Europe | no data | no data | no data | |
| Senior MD - Hong Kong | no data | US$7.05m | no data | |
| Senior MD & Head of U.S. Asset Management of Real Estate - New York | no data | no data | no data | |
| Senior MD & European Head of Private Equity | 8.33yrs | no data | no data |
5.4yrs
Average Tenure
58yo
Average Age
Experienced Management: BX's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.83yrs | US$57.07m | no data | |
| Executive Vice Chairman & General Partner | no data | US$55.96m | 0.0029% $ 2.3m | |
| General Partner | 8.92yrs | US$98.99m | 0.063% $ 48.6m | |
| General Partner & Independent Director | 12.33yrs | US$409.02k | 0.0090% $ 6.9m | |
| 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 | |
| Global Head of Private Equity & Director | 0.83yr | no data | 0.036% $ 27.5m | |
| Senior Advisor & Chairman of Blackstone Iberia | no data | no data | no data | |
| Chairman of Pinnacle Foods Group Inc | no data | no data | no data | |
| Chairman of the Blackstone Group International Partners LLP | no data | no data | no data | |
| Senior Advisor & Chairman of Blackstone France | 8.5yrs | no data | no data | |
| Chairman of Black Rhino Unit | 5.58yrs | no data | no data |
8.7yrs
Average Tenure
66yo
Average Age
Experienced Board: BX's board of directors are considered experienced (8.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$76.907b
- Market Cap: US$44.699b
- Shares outstanding: 1.19b
- 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, public debt and equity and multi-asset...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 23:54 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| 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.