Blackstone Inc. (BX) stock analysis

P/E below its 5-year median

Blackstone's P/E of 27.3 is below its own 5-year median of 40.3.

P/E above the industry

Blackstone's P/E of 27.3 is above the Services Allied with the Exchange of Securities median of 21.0.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/B above the industry

Blackstone's price-to-book of 10.16 is above the Services Allied with the Exchange of Securities median of 3.70.

Trading above fair value

The share price of $122.01 is above our fair value estimate of $111.00.

Margin of safety under 20%

The price is 9.9% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 19.3% a year over the last three fiscal years.

EPS growing 10%+ a year

Diluted EPS grew 17.9% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew 22.9% over the last twelve months, against a 5-year average of 23.6% a year.

Growing faster than the industry

Revenue grew 17.2% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin trend

This company does not report gross profit.

Return on equity over 15%

Return on equity was 40.5% over the last twelve months and averaged 37.1% over five years.

Return on invested capital

Needs operating income and invested capital.

Return on equity above the industry

Blackstone's return on equity of 40.5% is above the Services Allied with the Exchange of Securities median of 15.7%.

Earnings grew over 5 years

Net income grew 23.6% a year on average over the last five fiscal years.

Net margin above its 5-year average

Net margin was 21.8% over the last twelve months, against a 5-year average of 21.1%.

Net margin above the industry

Blackstone's net margin of 21.8% is above the Services Allied with the Exchange of Securities median of 16.3%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest coverage

Interest expense is not reported separately.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.32; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Blackstone paid dividends worth 3.2% of the share price over the last twelve months.

Yield below Treasuries

The 3.2% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Blackstone yields 3.2%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

Not covered by earnings

Dividends take 181% of net income, leaving little room.

Not covered by free cash flow

Dividends take 116% of free cash flow.