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BLND

Blend Labs NYSE:BLND Stock Report

Last Price

US$2.83

Market Cap

US$658.3m

7D

-6.0%

1Y

n/a

Updated

26 Jun, 2022

Data

Company Financials +
BLND fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BLND Stock Overview

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States.

Blend Labs Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Blend Labs
Historical stock prices
Current Share PriceUS$2.83
52 Week HighUS$21.04
52 Week LowUS$2.57
Beta0
1 Month Change-12.65%
3 Month Change-53.68%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-86.46%

Recent News & Updates

Shareholder Returns

BLNDUS SoftwareUS Market
7D-6.0%9.9%6.6%
1Yn/a-17.9%-18.4%

Return vs Industry: Insufficient data to determine how BLND performed against the US Software industry.

Return vs Market: Insufficient data to determine how BLND performed against the US Market.

Price Volatility

Is BLND's price volatile compared to industry and market?
BLND volatility
BLND Average Weekly Movement13.3%
Software Industry Average Movement11.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: BLND is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: BLND's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20121,689Nima Ghamsarihttps://blend.com

Blend Labs, Inc. provides cloud-based software platform solutions for financial services firms in the United States. It operates in two segments, Blend Platform and Title365. The company offers a suite of white-label products for mortgages, home equity loans and lines of credit, vehicle loans, personal loans, credit cards, and deposit accounts.

Blend Labs Fundamentals Summary

How do Blend Labs's earnings and revenue compare to its market cap?
BLND fundamental statistics
Market CapUS$658.28m
Earnings (TTM)-US$217.82m
Revenue (TTM)US$274.14m

2.4x

P/S Ratio

-3.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLND income statement (TTM)
RevenueUS$274.14m
Cost of RevenueUS$150.30m
Gross ProfitUS$123.84m
Other ExpensesUS$341.67m
Earnings-US$217.82m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.94
Gross Margin45.17%
Net Profit Margin-79.46%
Debt/Equity Ratio28.1%

How did BLND perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BLND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLND?

Other financial metrics that can be useful for relative valuation.

BLND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA-1.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BLND's PS Ratio compare to its peers?

BLND PS Ratio vs Peers
The above table shows the PS ratio for BLND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average9.5x

Price-To-Sales vs Peers: BLND is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does BLND's PE Ratio compare vs other companies in the U.S. Software Industry?

Price-To-Sales vs Industry: BLND is good value based on its Price-To-Sales Ratio (2.4x) compared to the US Software industry average (4.7x)


Price to Sales Ratio vs Fair Ratio

What is BLND's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.4x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: BLND is expensive based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).


Share Price vs Fair Value

What is the Fair Price of BLND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BLND's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BLND's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BLND's PEG Ratio to determine if it is good value.


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Future Growth

How is Blend Labs forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLND is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BLND is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BLND is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BLND's revenue (11.2% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: BLND's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLND is forecast to be unprofitable in 3 years.


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Past Performance

How has Blend Labs performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-176.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: BLND is currently unprofitable.

Growing Profit Margin: BLND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BLND's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare BLND's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BLND is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.1%).


Return on Equity

High ROE: BLND has a negative Return on Equity (-28.07%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Blend Labs's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BLND's short term assets ($560.8M) exceed its short term liabilities ($54.0M).

Long Term Liabilities: BLND's short term assets ($560.8M) exceed its long term liabilities ($236.3M).


Debt to Equity History and Analysis

Debt Level: BLND has more cash than its total debt.

Reducing Debt: Insufficient data to determine if BLND's debt to equity ratio has reduced 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: BLND has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: BLND has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 43.6% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate BLND'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 BLND's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLND's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BLND has not reported any payouts.


Discover strong dividend paying companies

Management

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

7.0yrs

Average management tenure


CEO

Nima Ghamsari (35 yo)

10.17yrs

Tenure

US$85,064,207

Compensation

Mr. Nima Ghamsari co-founded Blend Labs, Inc. on April 17, 2012 and serves as its Chief Executive Officer, Chairman and Head of Blend. He has been a Director of Blend Labs, Inc. since May 2012. Mr. Ghamsar...


CEO Compensation Analysis

Compensation vs Market: Nima's total compensation ($USD85.06M) is above average for companies of similar size in the US market ($USD4.02M).

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


Leadership Team

Experienced Management: BLND's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: BLND's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLND insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: BLND only recently listed within the past 12 months.


Top Shareholders

Company Information

Blend Labs, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Blend Labs, Inc.
  • Ticker: BLND
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$658.282m
  • Shares outstanding: 232.61m
  • Website: https://blend.com

Number of Employees


Location

  • Blend Labs, Inc.
  • 415 Kearny Street
  • San Francisco
  • California
  • 94108
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.