Financials Blackstone Inc.

Equities

BX

US09260D1072

Investment Management & Fund Operators

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
122.5 USD -0.03% Intraday chart for Blackstone Inc. +3.45% -6.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 36,884 43,682 88,393 52,065 93,025 88,470 - -
Enterprise Value (EV) 1 45,946 47,404 94,080 60,163 101,373 96,961 96,402 95,488
P/E ratio 24.2 x 24.5 x 27.1 x 14.4 x 33.1 x 25.3 x 20.7 x 19 x
Yield 3.49% 3.49% 3.14% 5.93% 2.56% 3.37% 4.22% 4.81%
Capitalization / Revenue 5.03 x 6.71 x 7.58 x 4.14 x 9.6 x 7.26 x 6.04 x 5.53 x
EV / Revenue 6.26 x 7.28 x 8.07 x 4.78 x 10.5 x 7.96 x 6.59 x 5.97 x
EV / EBITDA 14 x 12.3 x 13.1 x 7.7 x 16.2 x 15.8 x 11.9 x 12.3 x
EV / FCF - 26 x 24 x 9.86 x 26.4 x 13.6 x 12.4 x 11.1 x
FCF Yield - 3.85% 4.17% 10.1% 3.78% 7.37% 8.09% 9.01%
Price to Book 5.36 x 6.66 x 16.5 x 11.4 x 22.6 x 12.9 x 10.5 x 11.5 x
Nbr of stocks (in thousands) 659,350 674,006 683,153 701,781 710,545 722,263 - -
Reference price 2 55.94 64.81 129.4 74.19 130.9 122.5 122.5 122.5
Announcement Date 30/01/20 27/01/21 27/01/22 26/01/23 25/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,338 6,515 11,663 12,590 9,694 12,180 14,637 15,986
EBITDA 1 3,288 3,846 7,179 7,810 6,255 6,148 8,089 7,763
EBIT 1 3,262 3,811 7,127 7,741 6,161 6,866 8,502 9,710
Operating Margin 44.45% 58.49% 61.11% 61.49% 63.56% 56.37% 58.09% 60.74%
Earnings before Tax (EBT) 1 3,067 3,646 6,931 7,425 5,731 7,140 8,382 9,195
Net income 1 2,871 3,342 6,171 6,633 5,061 6,340 7,782 8,397
Net margin 39.12% 51.29% 52.91% 52.68% 52.21% 52.05% 53.16% 52.53%
EPS 2 2.310 2.650 4.770 5.170 3.950 4.835 5.908 6.437
Free Cash Flow 1 - 1,824 3,922 6,101 3,833 7,149 7,795 8,602
FCF margin - 28% 33.62% 48.46% 39.54% 58.69% 53.25% 53.81%
FCF Conversion (EBITDA) - 47.44% 54.62% 78.11% 61.27% 116.28% 96.37% 110.81%
FCF Conversion (Net income) - 54.59% 63.55% 91.98% 75.73% 112.76% 100.17% 102.44%
Dividend per Share 2 1.950 2.260 4.060 4.400 3.350 4.122 5.169 5.886
Announcement Date 30/01/20 27/01/21 27/01/22 26/01/23 25/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,042 4,457 3,501 4,154 2,592 2,342 2,486 2,351 2,322 2,535 2,549 2,709 3,070 3,807 3,487
EBITDA - 2,722 2,166 2,426 1,654 1,564 1,547 1,524 1,519 1,665 - - - - -
EBIT 1 - 2,708 2,152 2,410 1,639 1,540 1,524 1,500 1,497 1,640 1,551 1,557 1,772 2,334 -
Operating Margin - 60.75% 61.47% 58.02% 63.23% 65.73% 61.32% 63.79% 64.49% 64.68% 60.84% 57.48% 57.71% 61.31% -
Earnings before Tax (EBT) 1 1,792 2,651 2,086 2,341 1,559 1,440 1,420 1,392 1,387 1,532 1,444 1,501 1,786 2,313 -
Net income 1 1,635 2,273 1,938 1,986 1,375 1,334 1,249 1,212 1,212 1,388 1,266 1,393 1,574 2,059 1,853
Net margin 53.76% 51.01% 55.35% 47.81% 53.03% 56.96% 50.25% 51.56% 52.18% 54.76% 49.67% 51.43% 51.26% 54.09% 53.13%
EPS 2 1.280 1.710 1.550 1.490 1.060 1.070 0.9700 0.9300 0.9400 1.110 0.9800 1.057 1.215 1.557 1.369
Dividend per Share 2 1.090 1.450 1.320 1.270 0.9000 0.9100 0.8200 0.7900 0.8000 0.9400 0.8270 0.8888 1.028 1.342 1.158
Announcement Date 21/10/21 27/01/22 21/04/22 21/07/22 20/10/22 26/01/23 20/04/23 20/07/23 19/10/23 25/01/24 18/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,062 3,722 5,686 8,098 8,348 8,491 7,932 7,018
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.756 x 0.9678 x 0.7921 x 1.037 x 1.335 x 1.381 x 0.9806 x 0.904 x
Free Cash Flow 1 - 1,824 3,922 6,101 3,833 7,149 7,795 8,602
ROE (net income / shareholders' equity) 30.6% 48.9% 76.8% 77.7% 69.9% 45.8% 56.4% 61.5%
ROA (Net income/ Total Assets) 6.66% 11.4% 18.3% 15.8% 12.2% 13.9% 14.1% 14.1%
Assets 1 43,076 29,427 33,733 41,860 41,406 45,535 55,148 59,552
Book Value Per Share 2 10.40 9.730 7.850 6.520 5.790 9.530 11.60 10.60
Cash Flow per Share 2 - 2.780 5.540 5.250 3.330 4.830 7.230 6.690
Capex 1 - 112 64.3 235 224 155 120 74
Capex / Sales - 1.71% 0.55% 1.87% 2.31% 1.27% 0.82% 0.46%
Announcement Date 30/01/20 27/01/21 27/01/22 26/01/23 25/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
122.5 USD
Average target price
125.6 USD
Spread / Average Target
+2.58%
Consensus
  1. Stock Market
  2. Equities
  3. BX Stock
  4. Financials Blackstone Inc.