NasdaqGS:BL

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Executive Summary

BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. More Details


Snowflake Analysis

Adequate balance sheet with concerning outlook.


Similar Companies

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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BL's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.4%

BL

3.1%

US Software

2.8%

US Market


1 Year Return

113.5%

BL

45.2%

US Software

19.7%

US Market

Return vs Industry: BL exceeded the US Software industry which returned 45.2% over the past year.

Return vs Market: BL exceeded the US Market which returned 19.7% over the past year.


Shareholder returns

BLIndustryMarket
7 Day7.4%3.1%2.8%
30 Day25.3%4.0%8.0%
90 Day35.8%0.4%6.8%
1 Year113.5%113.5%46.2%45.2%22.4%19.7%
3 Year216.1%216.1%140.9%133.0%47.3%37.5%
5 Yearn/a216.7%200.0%93.6%72.3%

Long-Term 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

Valuation

Is BlackLine undervalued compared to its fair value and its price relative to the market?

15.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BL ($115.23) is trading above our estimate of fair value ($18.37)

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 US 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 (15.8x) compared to the US Software industry average (8x).


Next Steps

Future Growth

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

1.2%

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 (17.8% per year) is forecast to grow faster than the US market (10.2% per year).

High Growth Revenue: BL's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BlackLine performed over the past 5 years?

-4.3%

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 4.3% 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 (8.9%).


Return on Equity

High ROE: BL has a negative Return on Equity (-8.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is BlackLine's financial position?


Financial Position Analysis

Short Term Liabilities: BL's short term assets ($754.0M) exceed its short term liabilities ($203.6M).

Long Term Liabilities: BL's short term assets ($754.0M) exceed its long term liabilities ($418.1M).


Debt to Equity History and Analysis

Debt Level: BL's debt to equity ratio (94.4%) is considered high.

Reducing Debt: BL's debt to equity ratio has increased from 16.2% to 94.4% over the past 5 years.


Balance Sheet


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 62.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Therese Tucker (59 yo)

19.25yrs

Tenure

US$22,552,158

Compensation

Ms. Therese Tucker founded the BlackLine, Inc. (also known as BlackLine Systems, Inc.) in 2001 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 ($USD22.55M) is above average for companies of similar size in the US market ($USD6.86M).

Compensation vs Earnings: Therese's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Therese Tucker
Founder19.25yrsUS$22.55m8.17%
$ 539.3m
Marc Huffman
President0.50yrUS$3.31m0.022%
$ 1.5m
Mark Partin
CFO & Treasurer5.83yrsUS$3.64m0.030%
$ 2.0m
Karole Morgan-Prager
Chief Legal & Administrative Officer and Secretary4.08yrsUS$2.06m0.013%
$ 859.7k
Patrick Villanova
Chief Accounting Officer & Controller1.67yrsno data0.0079%
$ 519.9k
Peter Hirsch
Chief Technology Officer1.75yrsno data0%
$ 0
Alexandra Geller
Vice President of Investor Relationsno datano datano data
Kimberly Uberti
Vice President of Global Corporate Communications5.67yrsno datano data
Mark Woodhams
Senior Vice President of Global Sales2.33yrsno datano data
Andres Botero
Chief Marketing Officer2.17yrsno datano data
Susan Otto
Chief People Officer2.08yrsno datano data
Dominick DiPaolo
Senior Vice President of Americas Enterprise Sales12.67yrsno datano data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Management: BL's management team is considered experienced (2.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Therese Tucker
Founder19.25yrsUS$22.55m8.17%
$ 539.3m
Marc Huffman
President0.50yrUS$3.31m0.022%
$ 1.5m
Thomas Unterman
Member of Advisory Board & Independent Director10.83yrsUS$239.04k0.20%
$ 13.3m
Graham Smith
Independent Director5.5yrsUS$239.80k0.010%
$ 674.3k
Dennis Chookaszian
Member of Advisory Board9.67yrsno datano data
John Brennan
Independent Chairman of the Boardno dataUS$99.97k0.0032%
$ 211.1k
Carla Hayn
Member of Advisory Board9.67yrsno datano data
Jason Babcoke
Independent Director7.17yrsUS$97.84k0.0032%
$ 211.1k
Kevin Thompson
Independent Director3.08yrsUS$237.98k0.0067%
$ 444.7k
Owen Ryan
Independent Director2.25yrsUS$243.36k0.0090%
$ 594.4k
Mika Yamamoto
Independent Director1.58yrsUS$249.56k0.0073%
$ 482.9k
Sophia Velastegui
Independent Director0.67yrno data0%
$ 0

5.5yrs

Average Tenure

55yo

Average Age

Experienced Board: BL's board of directors are considered experienced (5.5 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

Company Information

BlackLine, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BlackLine, Inc.
  • Ticker: BL
  • Exchange: NasdaqGS
  • Founded: 2001
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$6.597b
  • Shares outstanding: 57.25m
  • Website: https://www.blackline.com

Number of Employees


Location

  • BlackLine, Inc.
  • 21300 Victory Boulevard
  • 12th Floor
  • Woodland Hills
  • California
  • 91367
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 2016
02BDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2016

Biography

BlackLine, Inc. provides financial accounting close solutions delivered primarily as Software as a Service in the United States and internationally. Its reconciliation management solutions include Account ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 01:04
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
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.