BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally.
Adequate balance sheet with concerning outlook.
Share Price & News
How has BlackLine's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BL's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: BL underperformed the US Software industry which returned 35.5% over the past year.
Return vs Market: BL exceeded the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is BlackLine's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHealth Check: How Prudently Does BlackLine (NASDAQ:BL) Use Debt?
1 month ago | Simply Wall StIntroducing BlackLine (NASDAQ:BL), The Stock That Zoomed 119% In The Last Three Years
2 months ago | Simply Wall StDoes BlackLine, Inc.'s (NASDAQ:BL) CEO Pay Compare Well With Peers?
Is BlackLine undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: BL ($65.37) is trading above our estimate of fair value ($18.21)
Significantly Below Fair Value: BL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BL is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: BL is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BL is overvalued based on its PB Ratio (9.1x) compared to the US Software industry average (5.9x).
How is BlackLine forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BL is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BL is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BL is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BL's revenue (17.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: BL's revenue (17.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BL's Return on Equity is forecast to be low in 3 years time (6.3%).
How has BlackLine performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BL is currently unprofitable.
Growing Profit Margin: BL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BL is unprofitable, and losses have increased over the past 5 years at a rate of -4.2% per year.
Accelerating Growth: Unable to compare BL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.4%).
Return on Equity
High ROE: BL has a negative Return on Equity (-7.97%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is BlackLine's financial position?
Financial Position Analysis
Short Term Liabilities: BL's short term assets ($723.4M) exceed its short term liabilities ($207.0M).
Long Term Liabilities: BL's short term assets ($723.4M) exceed its long term liabilities ($404.0M).
Debt to Equity History and Analysis
Debt Level: BL's debt to equity ratio (95.2%) is considered high.
Reducing Debt: BL's debt to equity ratio has increased from 14% to 95.2% over the past 5 years.
Inventory Level: BL has a low level of unsold assets or inventory.
Debt Coverage by Assets: BL's debt is covered by short term assets (assets are 1.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable BL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.5% per year.
What is BlackLine's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate BL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Therese Tucker (58yo)
Ms. Therese Tucker founded the BlackLine, Inc. (also known as BlackLine Systems, Inc.) in 2011 and has been its Chief Executive Officer since August 2001. Ms. Tucker served as the Chief Technology Officer ...
CEO Compensation Analysis
Compensation vs Market: Therese's total compensation ($USD4.75M) is about average for companies of similar size in the US market ($USD4.87M).
Compensation vs Earnings: Therese's compensation has increased whilst the company is unprofitable.
|CFO & Treasurer||5.1yrs||US$2.95m||0.011% $387.0k|
|Chief Operating Officer||2yrs||US$10.43m||0.059% $2.1m|
|Chief Legal & Administrative Officer and Secretary||3.3yrs||US$1.72m||0.0048% $176.0k|
|Chief Accounting Officer & Controller||0.9yrs||no data||0.0032% $116.0k|
|Chief Technology Officer||1yrs||no data||no data|
|Vice President of Investor Relations||0yrs||no data||no data|
|Vice President of Global Corporate Communications||4.9yrs||no data||no data|
|Senior Vice President of Global Sales||1.6yrs||no data||no data|
|Chief Marketing Officer||1.4yrs||no data||no data|
Experienced Management: BL's management team is considered experienced (2 years average tenure).
|Chief Strategy Officer & Director||6.4yrs||no data||4.11% $149.5m|
|Member of Advisory Board & Director||10.1yrs||US$213.38k||0.22% $8.1m|
|Independent Director||4.8yrs||US$225.88k||0.042% $1.5m|
|Member of Advisory Board||8.9yrs||no data||no data|
|Independent Director||6.4yrs||no data||0.40% $14.7m|
|Chairman of the Board||0yrs||no data||no data|
|Member of Advisory Board||8.9yrs||no data||no data|
|Independent Director||6.4yrs||no data||no data|
|Independent Director||1.5yrs||US$139.57k||0.0023% $84.7k|
Experienced Board: BL's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
BlackLine, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: BlackLine, Inc.
- Ticker: BL
- Exchange: NasdaqGS
- Founded: 2001
- Industry: Application Software
- Sector: Software
- Market Cap: US$3.637b
- Shares outstanding: 55.64m
- Website: https://www.blackline.com
Number of Employees
- BlackLine, Inc.
- 21300 Victory Boulevard
- 12th Floor
- Woodland Hills
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BL||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 2016|
|02B||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2016|
BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its solutions enable its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, journal entry capabilities, and range of data matching capabilities. The company’s platform consists of nine core cloud-based products, including Transaction Matching, Account Reconciliations, Consolidation Integrity Manager, Daily Reconciliations, Journal Entry, Variance Analysis, Task Management, Compliance, and Insights. Its solutions include balance sheet integrity, close process management, accounting process automation, finance transformation, intercompany hub, and smart close. The company designs its products to complement enterprise resource planning and other financial systems, including NetSuite, Oracle, SAP, and Workday; and financial close management and accounting automation from within a single, unified cloud platform. It has strategic alliances with technology vendors, such as SAP and NetSuite; professional services firms, including Deloitte, Ernst & Young, and KPMG; and business process outsourcers, such as Cognizant, Genpact, and IBM. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises and mid-market companies across various industries. The company was founded in 2001 and is headquartered in Woodland Hills, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 03:30|
|End of Day Share Price||2020/02/21 00:00|
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.