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BlackLine

Nasdaq:BL
Snowflake Description

Flawless balance sheet with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BL
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Software
Company description

BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. The last earnings update was 20 days ago. More info.


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BL Share Price and Events
7 Day Returns
1.6%
NasdaqGS:BL
2.5%
US Software
1.6%
US Market
1 Year Returns
19.8%
NasdaqGS:BL
24.3%
US Software
3.2%
US Market
BL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BlackLine (BL) 1.6% -6.9% 21.8% 19.8% - -
US Software 2.5% 5.1% 18.3% 24.3% 108.3% 136.1%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • BL underperformed the Software industry which returned 24.3% over the past year.
  • BL outperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
BL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is BlackLine undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BlackLine to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for BlackLine.

NasdaqGS:BL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (0%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%)
9.25%

Discounted Cash Flow Calculation for NasdaqGS:BL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BlackLine is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:BL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 12.00 Analyst x6 10.98
2020 25.34 Analyst x6 21.24
2021 38.21 Est @ 50.76% 29.30
2022 52.10 Est @ 36.35% 36.58
2023 65.78 Est @ 26.26% 42.27
2024 78.41 Est @ 19.2% 46.13
2025 89.59 Est @ 14.26% 48.24
2026 99.27 Est @ 10.8% 48.93
2027 107.59 Est @ 8.38% 48.54
2028 114.79 Est @ 6.69% 47.41
Present value of next 10 years cash flows $379.62
NasdaqGS:BL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $114.79 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$1,809.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,809.67 ÷ (1 + 9.25%)10
$747.38
NasdaqGS:BL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $379.62 + $747.38
$1,127.00
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,127.00 / 54.96
$20.51
NasdaqGS:BL Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.51
Current discount Discount to share price of $47.94
= -1 x ($47.94 - $20.51) / $20.51
-133.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BlackLine is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BlackLine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BlackLine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.52
NasdaqGS:BL Share Price ** NasdaqGS (2019-03-19) in USD $47.94
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.56x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BlackLine.

NasdaqGS:BL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BL Share Price ÷ EPS (both in USD)

= 47.94 ÷ -0.52

-92.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackLine is loss making, we can't compare its value to the US Software industry average.
  • BlackLine is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does BlackLine's expected growth come at a high price?
Raw Data
NasdaqGS:BL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -92.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
8.3%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.58x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BlackLine, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BlackLine's assets?
Raw Data
NasdaqGS:BL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.88
NasdaqGS:BL Share Price * NasdaqGS (2019-03-19) in USD $47.94
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:BL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BL Share Price ÷ Book Value per Share (both in USD)

= 47.94 ÷ 5.88

8.15x

* Primary Listing of BlackLine.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BlackLine is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess BlackLine's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. BlackLine has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BlackLine expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BlackLine expected to grow at an attractive rate?
  • Unable to compare BlackLine's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare BlackLine's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • BlackLine's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 8.3%
NasdaqGS:BL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 18.6%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 414 2
2020-12-31 338 38 -23 9
2019-12-31 278 23 -28 9
NasdaqGS:BL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 228 16 -28
2018-09-30 217 14 -29
2018-06-30 204 13 -37
2018-03-31 190 10 -38
2017-12-31 176 6 -33
2017-09-30 161 -2 -45
2017-06-30 148 -2 -39
2017-03-31 135 -2 -38
2016-12-31 128 -5 -26
2016-09-30 112 2 -31
2016-06-30 102 -1 -31
2016-03-31 92 -3 -30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BlackLine is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • BlackLine's revenue is expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from BlackLine Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -0.36 -0.29 -0.44 4.00
2019-12-31 -0.48 -0.44 -0.54 4.00
NasdaqGS:BL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.52
2018-09-30 -0.55
2018-06-30 -0.69
2018-03-31 -0.71
2017-12-31 -0.63
2017-09-30 -0.88
2017-06-30 -0.82
2017-03-31 -0.83
2016-12-31 -0.62
2016-09-30 -0.75
2016-06-30 -0.76
2016-03-31 -0.73

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BlackLine is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BlackLine's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BlackLine has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BlackLine performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BlackLine's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BlackLine does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare BlackLine's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare BlackLine's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
BlackLine's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BlackLine Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 227.79 -27.80 175.55 30.75
2018-09-30 216.92 -29.25 170.50 28.04
2018-06-30 203.61 -36.86 168.49 26.66
2018-03-31 190.13 -37.53 156.34 24.86
2017-12-31 175.60 -33.05 140.13 23.87
2017-09-30 160.93 -44.55 131.36 23.41
2017-06-30 147.70 -39.09 117.12 22.62
2017-03-31 134.74 -37.51 109.69 21.80
2016-12-31 128.03 -26.34 97.93 21.13
2016-09-30 112.26 -30.70 98.68 20.83
2016-06-30 101.72 -30.82 92.63 20.65
2016-03-31 92.12 -29.82 86.13 19.92
2015-12-31 83.61 -24.73 77.43 18.22
2015-09-30 75.21 -23.31 69.17 15.91
2014-12-31 51.68 -16.75 44.33 9.71
2013-12-31 31.97 -16.67 24.95 6.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if BlackLine has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if BlackLine has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if BlackLine improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess BlackLine's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BlackLine has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BlackLine's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BlackLine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BlackLine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BlackLine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BlackLine's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • BlackLine has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BlackLine Company Filings, last reported 2 months ago.

NasdaqGS:BL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 325.96 0.00 132.58
2018-09-30 322.43 0.00 125.12
2018-06-30 314.09 0.00 114.87
2018-03-31 317.56 0.00 114.03
2017-12-31 317.31 0.44 112.58
2017-09-30 295.79 0.44 109.77
2017-06-30 296.78 0.44 107.25
2017-03-31 284.35 0.44 101.32
2016-12-31 291.41 0.99 105.25
2016-09-30 152.55 65.83 19.59
2016-06-30 152.81 34.96 13.65
2016-03-31 158.62 34.23 13.46
2015-12-31 166.17 28.83 15.21
2015-09-30 171.65 27.68 18.02
2014-12-31 183.95 25.67 25.71
2013-12-31 193.85 23.13 14.86
  • BlackLine has no debt.
  • BlackLine has no debt compared to 5 years ago when it was 11.9%.
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.

  • Whilst loss making BlackLine has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making BlackLine has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -81.8% per year.
X
Financial health checks
We assess BlackLine's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BlackLine has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BlackLine's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from BlackLine dividends. Estimated to be 0% next year.
If you bought $2,000 of BlackLine shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate BlackLine's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BlackLine's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as BlackLine has not reported any payouts.
  • Unable to verify if BlackLine's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BlackLine's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BlackLine has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of BlackLine's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess BlackLine's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BlackLine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BlackLine has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BlackLine's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Therese Tucker
COMPENSATION $562,500
AGE 57
TENURE AS CEO 17.6 years
CEO Bio

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 at SunGard Treasury Systems and SunGard Trading Systems, Inc., providers of software solutions and information technology services, from 1998 to 2001. She served as Chairman of The Board at BlackLine Inc. and has been its Director since August 2001. She also staffed and managed SunGard’s eTreasury development, created an XML standard for treasury and met with Treasurers of Fortune 100 companies to communicate corporate vision as it pertained to the use of technology. She had been head of development of the Global Trader system, an institutional trading and portfolio management system acquired by SunGard in 1997. Outside of her career with SunGard, She developed Tax Answer Scenarios, a tax planning software product that has been marketed to over 1,000 tax preparers and CPA’s annually since 1998. She serves as an Executive Director at SLS Breeze Holdings, Inc. She holds a B.S. in Computer Science and Mathematics from University of Illinois.

CEO Compensation
  • Therese's compensation has been consistent with company performance over the past year.
  • Therese's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the BlackLine management team in years:

1.1
Average Tenure
55
Average Age
  • The average tenure for the BlackLine management team is less than 2 years, this suggests a new team.
Management Team

Therese Tucker

TITLE
Founder
COMPENSATION
$563K
AGE
57
TENURE
17.6 yrs

Mark Partin

TITLE
CFO & Treasurer
COMPENSATION
$449K
AGE
50
TENURE
4.2 yrs

Marc Huffman

TITLE
Chief Operating Officer
AGE
47
TENURE
1.1 yrs

Patrick Villanova

TITLE
Chief Accounting Officer & Controller

Pete Hirsch

TITLE
Chief Technology Officer
AGE
57
TENURE
0.1 yrs

Karole Morgan-Prager

TITLE
Chief Legal & Administrative Officer and Secretary
COMPENSATION
$2M
AGE
55
TENURE
2.4 yrs

Kim Uberti

TITLE
Vice President of Global Corporate Communications
TENURE
4 yrs

Mark Woodhams

TITLE
Senior Vice President of Global Sales
TENURE
0.7 yrs

Andres Botero

TITLE
Chief Marketing Officer
TENURE
0.5 yrs

Susan Otto

TITLE
Chief People Officer
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the BlackLine board of directors in years:

5.5
Average Tenure
53
Average Age
  • The tenure for the BlackLine board of directors is about average.
Board of Directors

John Brennan

TITLE
Chairman
AGE
53

Therese Tucker

TITLE
Founder
COMPENSATION
$563K
AGE
57
TENURE
17.6 yrs

Mario Spanicciati

TITLE
Chief Strategy Officer & Director
AGE
38
TENURE
5.5 yrs

Tom Unterman

TITLE
Member of Advisory Board & Director
COMPENSATION
$45K
AGE
73
TENURE
9.2 yrs

Graham Smith

TITLE
Director
COMPENSATION
$60K
AGE
58
TENURE
3.8 yrs

Carla Hayn

TITLE
Member of Advisory Board
TENURE
8 yrs

Dennis Chookaszian

TITLE
Member of Advisory Board
AGE
74
TENURE
8 yrs

Jason Babcoke

TITLE
Director
AGE
45
TENURE
5.5 yrs

Will Griffith

TITLE
Director
AGE
46
TENURE
5.5 yrs

Kevin Thompson

TITLE
Director
COMPENSATION
$120K
AGE
53
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • BlackLine insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Mar 19 Sell Silver Lake Company 25. May 18 25. May 18 -3,983,873 $48.16 $-191,863,324
08. Mar 19 Sell Mario Spanicciati Individual 07. Mar 19 07. Mar 19 -400,000 $48.16 $-19,264,000
08. Mar 19 Sell Therese Tucker Individual 07. Mar 19 07. Mar 19 -500,000 $48.16 $-24,080,000
22. Aug 18 Sell Therese Tucker Individual 20. Aug 18 20. Aug 18 -24,308 $47.17 $-1,146,633
20. Aug 18 Sell Therese Tucker Individual 16. Aug 18 16. Aug 18 -15,636 $47.04 $-735,477
17. Aug 18 Sell Therese Tucker Individual 15. Aug 18 15. Aug 18 -37,670 $47.02 $-1,771,251
16. Aug 18 Sell Therese Tucker Individual 14. Aug 18 14. Aug 18 -15,376 $47.08 $-723,977
15. Aug 18 Sell Therese Tucker Individual 13. Aug 18 13. Aug 18 -17,010 $47.59 $-809,467
14. Aug 18 Sell Therese Tucker Individual 10. Aug 18 10. Aug 18 -100,000 $47.72 $-4,772,050
26. May 18 Sell Silver Lake Company 25. May 18 25. May 18 -3,500,000 $40.05 $-140,175,000
X
Management checks
We assess BlackLine's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BlackLine has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Need To Know: BlackLine, Inc. (NASDAQ:BL) Insiders Have Been Selling Shares

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that even when the share price was below the current price of US$51.28, an insider wanted to cash in some shares. … When an insider sells below the current price, it does tend to make us wonder about the current valuation

Simply Wall St -

Why BlackLine, Inc. (NASDAQ:BL) Is A Financially Healthy Company

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as BlackLine, Inc. … BL’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Don’t forget that this is a general and concentrated examination of BlackLine's financial health, so you should conduct further analysis.

Simply Wall St -

How Does BlackLine Inc (NASDAQ:BL) Affect Your Portfolio Volatility?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Breakeven On The Horizon For BlackLine Inc (NASDAQ:BL)

The US$2.37b market-cap company’s loss lessens since it announced a -US$38.06m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$37.53m, as it approaches breakeven? … The most pressing concern for investors is BL’s path to profitability – when will it breakeven. … In this article, I will touch on the expectations for BL’s growth and when analysts expect the company to become profitable

Simply Wall St -

Interested In BlackLine Inc (NASDAQ:BL)? Here's How It Performed Recently

Measuring BlackLine Inc's (NASDAQ:BL) track record of past performance is an insightful exercise for investors. … Below, I will assess BL's recent performance announced on 31 March 2018 and compare these figures to its historical trend and industry movements. … BL is loss-making, with the most recent trailing twelve-month earnings of -US$37.53m (from 31 March 2018), which compared to last year has become.

Simply Wall St -

With -24.9% Earnings Drop Lately, Did BlackLine Inc (BL) Underperform Its Industry?

I look at data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Eyeballing growth from a sector-level, the US software industry has been growing its average earnings by double-digit 18.04% over the prior year, and 11.55% over the past couple of years. … This shows that any uplift the industry is benefiting from, BlackLine has not been able to realize the gains unlike its industry peers.What does this mean?

Simply Wall St -

BlackLine Inc's (BL) Single Biggest Risk For Investors

A crucial question to bear in mind when you’re an investor of an unprofitable business, is whether the company will have to raise more capital in the near future. … Cash burn is when a loss-making company spends its equity to fund its expenses before making money from its day-to-day business. … Companies with high cash burn rates can eventually turn into ashes, which makes it the biggest risk an investor in loss-making companies face.

Simply Wall St -

Company Info

Description

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.

Details
Name: BlackLine, Inc.
BL
Exchange: NasdaqGS
Founded: 2001
$2,634,593,468
54,956,059
Website: http://www.blackline.com
Address: BlackLine, Inc.
21300 Victory Boulevard,
12th Floor,
Woodland Hills,
California, 91367,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BL Common Stock Nasdaq Global Select US USD 28. Oct 2016
DB 02B Common Stock Deutsche Boerse AG DE EUR 28. Oct 2016
Number of employees
Current staff
Staff numbers
850
BlackLine employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:41
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.