Blackstone Group LP

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BX : NYSE : Financial
$32.71 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 3190300.0
09/21/17 - 4:02 PM ET

Financial Analysis


BLACKSTONE GROUP LP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry.

During the same period, stockholders' equity ("net worth") has increased by 5.64% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)1549.361192.43
EBITDA ($mil)716.3539.53
EBIT ($mil)705.33516.7
Net Income ($mil)342.78198.63


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)3271.582275.61
Total Assets ($mil)30127.9323041.66
Total Debt ($mil)11400.36922.21
Equity ($mil)6510.686162.5


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin46.2345.25
EBITDA Margin46.2345.24
Operating Margin45.5243.33
Sales Turnover0.220.13
Return on Assets4.931.32
Return on Equity22.814.94
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.640.53
Interest Expense41.0936.88
Interest Coverage17.1714.01


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)653.8633.53
Div / share0.870.28
EPS0.510.3
Book value / share9.969.73
Institutional Own % n/a n/a
Avg Daily Volume3311577.05018955.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.01 for the Capital Markets industry and a significant discount compared to the S&P 500 average of 24.88. To use another comparison, its price-to-book ratio of 3.22 indicates valuation on par with the S&P 500 average of 3.10 and a discount versus the industry average of 3.76. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, BLACKSTONE GROUP LP proves to trade at a discount 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 14.45 Peers 21.01   BX NM Peers 20.56

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

BX is trading at a significant discount to its peers.

 

Neutral. 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's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BX 10.22 Peers 18.04   BX 0.18 Peers 2.22

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 3.22 Peers 3.76   BX 516.66 Peers 55.04

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

BX is trading at a discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

BX is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BX 3.23 Peers 4.09   BX 113.96 Peers 19.17

Discount. 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 discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

BX has a sales growth rate that significantly exceeds its peers.

 

 

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