BlackLine Inc.
Find Ratings ReportsBLACKLINE INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the subsector average, its revenue growth has not. BLACKLINE INC is extremely liquid. Currently, the Quick Ratio is 2.14 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 133.20% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 155.73 | 139.96 |
EBITDA ($mil) | 28.04 | 6.11 |
EBIT ($mil) | 15.21 | -5.72 |
Net Income ($mil) | 22.07 | 11.3 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1204.47 | 1075.05 |
Total Assets ($mil) | 2100.77 | 1943.66 |
Total Debt ($mil) | 1410.47 | 1401.32 |
Equity ($mil) | 260.88 | 111.87 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 82.99 | 83.32 |
EBITDA Margin | 18.0 | 4.36 |
Operating Margin | 9.77 | -4.09 |
Sales Turnover | 0.28 | 0.27 |
Return on Assets | 2.51 | -1.51 |
Return on Equity | 20.25 | -26.27 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.19 | 3.4 |
Debt/Capital | 0.84 | 0.93 |
Interest Expense | 1.48 | 1.46 |
Interest Coverage | 10.25 | -3.91 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 61.52 | 60.02 |
Div / share | 0.0 | 0.0 |
EPS | 0.32 | 0.18 |
Book value / share | 4.24 | 1.86 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 726520.0 | 555856.0 |
HOLD. BLACKLINE INC's P/E ratio indicates a significant premium compared to an average of 61.20 for the Comp Infrastructure, Data, Web Hosting, Related Se subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 15.68 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 9.55. The price-to-sales ratio is significantly above the S&P 500 average, but it is similar to the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, BLACKLINE INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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BL 87.51 | Peers 61.20 | BL 32.31 | Peers 28.25 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. BL is trading at a significant premium to its peers. |
Premium. 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. BL is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BL 30.79 | Peers 18.10 | BL 0.56 | Peers 0.46 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. BL is trading at a significant premium to its peers. |
Premium. 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. BL trades at a premium to its peers. |
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Price/Book |
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Earnings Growth |
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BL 15.68 | Peers 9.55 | BL 249.01 | Peers 211.27 | |||||||||||||||||||||
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. BL is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. BL is expected to have an earnings growth rate that exceeds its peers. |
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Price/Sales |
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Sales Growth |
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BL 6.93 | Peers 6.93 | BL 12.82 | Peers 11.39 | |||||||||||||||||||||
Average. 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. BL is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. BL has a sales growth rate that exceeds its peers. |
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