Blackstone Inc.
Find Ratings ReportsBLACKSTONE INC's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has decreased by 10.96% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1285.02 | 1704.06 |
EBITDA ($mil) | 486.44 | 772.97 |
EBIT ($mil) | 452.18 | 733.86 |
Net Income ($mil) | 151.8 | 557.85 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3272.06 | 4493.72 |
Total Assets ($mil) | 40287.53 | 42524.23 |
Total Debt ($mil) | 12297.77 | 13464.81 |
Equity ($mil) | 6816.8 | 7655.91 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 37.85 | 45.36 |
EBITDA Margin | 37.85 | 45.36 |
Operating Margin | 35.19 | 43.07 |
Sales Turnover | 0.2 | 0.2 |
Return on Assets | 3.45 | 4.1 |
Return on Equity | 20.4 | 22.83 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.64 | 0.64 |
Interest Expense | 108.73 | 100.33 |
Interest Coverage | 4.16 | 7.31 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 719.36 | 710.28 |
Div / share | 0.8 | 0.9 |
EPS | 0.2 | 0.75 |
Book value / share | 9.48 | 10.78 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 3691041.0 | 3921182.0 |
HOLD. BLACKSTONE INC's P/E ratio indicates a significant premium compared to an average of 49.70 for the Securities, Commodity Contracts, Financial Investm subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 13.17 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 3.54. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, BLACKSTONE INC proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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BX 68.20 | Peers 49.70 | BX 22.13 | Peers 29.90 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. BX is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. BX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BX 20.29 | Peers 19.20 | BX 0.41 | Peers 1.61 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. BX is trading at a significant premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. BX trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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BX 13.17 | Peers 3.54 | BX -22.79 | Peers 71.14 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. BX is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, BX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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BX 11.19 | Peers 5.47 | BX -5.81 | Peers 38.40 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. BX is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. BX significantly trails its peers on the basis of sales growth. |
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