Blue Line Protection Group, Inc. (BLPG) stock analysis
BLPGOTCRetail-Miscellaneous RetailFiscal year ends December 31
Financials through Q1 FY2025, quarter ended Mar 31, 2025Last filing: 10-Q on May 6, 2025
$0.04−0.01 (-13.49%)
Close on Oct 19, 2026Market cap $776.35KP/E 3.7Yield –
Margins
Share of revenue, fiscal years 2010 to 2024
Gross margin
63.6%+15.1 pts over 5 years
Operating margin
7.9%+15.4 pts over 5 years
Net margin
5.5%+44.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.0% | -2.2% | +1.1% | +15.5% | |
| Gross profit | -3.2% | -6.3% | +6.8% | +27.0% | |
| Operating income | -54.8% | -35.0% | – | – | |
| Net income | -31.2% | -48.3% | – | – | |
| EPS, diluted | -50.0% | -58.5% | – | – | |
| Free cash flow | -58.2% | -32.1% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | -1052.6% | 41.1% | -24.1% | |
| Return on assets | -84.1% | -131.6% | 15.0% | |
| Current ratio | 0.10 | 0.07 | 0.60 | |
| Debt to equity | – | – | – | |
| Interest coverage | 14.0× | -0.4× | 1.9× | |
| Capex to revenue | 0.1% | 2.1% | 0.2% | |
| Diluted shares | 1M | 6M | 22M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Blue Line Protection generated $2.75M from operations and spent $263.44K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$2.75M
Used
$263.44K
Capital expenditure$263.44K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.5%
×Asset turnover2.71×
×Equity multiplier-1.60×
=Return on equity, FY2024-24.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 5.5% | 2.71× | -1.60× | -24.1% |
| FY2023 | 8.0% | 2.72× | -0.99× | -21.5% |
| FY2022 | -7.6% | 2.38× | -0.72× | 13.1% |
| FY2021 | 37.6% | 2.71× | -0.43× | -43.9% |
| FY2020 | -22.6% | 2.55× | -0.33× | 19.1% |
| FY2019 | -39.0% | 3.38× | -0.31× | 41.1% |
| FY2018 | -30.9% | 6.80× | -0.16× | 33.7% |
| FY2017 | -68.7% | 9.98× | -0.14× | 99.3% |
| FY2016 | -86.3% | 3.10× | -1.28× | 342.9% |
| FY2015 | -50.2% | 1.67× | 12.52× | -1052.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
4of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero$241.74K
- Cash generatingOperating cash flow above zero$269.52K
- Return on assets improvedROA up on the prior year25.4% → 13.0%
- Earnings backed by cashOperating cash flow above net income$269.52K vs $241.74K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.51 → 0.60
- No dilutionShare count did not rise11M → 22M
- Gross margin improvedGross margin up on the prior year65.01% → 63.55%
- More efficientAsset turnover rose3.19 → 2.35
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