Blackstone Group LP

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BX : NYSE : Financial
$27.44 | %
Today's Range: 27.10 - 27.97
Avg. Daily Volume: 4,186,800
08/26/16 - 4:02 PM ET

Financial Analysis


BLACKSTONE GROUP LP's gross profit margin for the second quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.

During the same period, stockholders' equity ("net worth") has decreased by 13.69% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)1192.431225.2
EBITDA ($mil)539.53371.81
EBIT ($mil)516.7348.18
Net Income ($mil)198.63134.17


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)2275.613000.76
Total Assets ($mil)23041.6624683.5
Total Debt ($mil)6922.216100.99
Equity ($mil)6162.57140.33


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin45.2530.35
EBITDA Margin45.2430.34
Operating Margin43.3328.42
Sales Turnover0.130.3
Return on Assets1.326.34
Return on Equity4.9421.92
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.530.46
Interest Expense36.8837.41
Interest Coverage14.019.31


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)633.53616.73
Div / share0.280.89
EPS0.30.21
Book value / share9.7311.58
Institutional Own % n/a n/a
Avg Daily Volume4164926.04131674.0

Valuation


HOLD. BLACKSTONE GROUP LP's P/E ratio indicates a significant premium compared to an average of 19.89 for the Capital Markets industry and a significant premium compared to the S&P 500 average of 25.13. For additional comparison, its price-to-book ratio of 2.86 indicates valuation on par with the S&P 500 average of 2.82 and a premium versus the industry average of 1.72. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, BLACKSTONE GROUP LP proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BX 75.19 Peers 19.89   BX 17.03 Peers 12.45

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.

 

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.

BX is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BX 9.76 Peers 17.80   BX 0.72 Peers 1.40

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

BX is trading at a significant discount 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BX 2.86 Peers 1.72   BX -85.26 Peers -30.44

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BX 5.81 Peers 3.86   BX -59.22 Peers -3.40

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 industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

BX significantly trails its peers on the basis of sales growth

 

 

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