Financials Blackstone Inc. BOERSE MUENCHEN

Equities

BBN1

US09260D1072

Investment Management & Fund Operators

Real-time BOERSE MUENCHEN 03:44:06 17/07/2024 pm IST 5-day change 1st Jan Change
124.7 EUR -0.98% Intraday chart for Blackstone Inc. +12.20% +4.97%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 37,795 45,409 92,857 55,019 99,209 1,04,015 - -
Enterprise Value (EV) 1 46,858 49,131 98,543 63,117 1,07,557 1,12,371 1,11,947 1,10,946
P/E ratio 24.2 x 24.5 x 27.1 x 14.4 x 33.1 x 29.1 x 23.2 x 21.1 x
Yield 3.49% 3.49% 3.14% 5.93% 2.56% 2.94% 3.74% 4.27%
Capitalization / Revenue 5.15 x 6.97 x 7.96 x 4.37 x 10.2 x 8.77 x 7.09 x 6.28 x
EV / Revenue 6.39 x 7.54 x 8.45 x 5.01 x 11.1 x 9.48 x 7.63 x 6.7 x
EV / EBITDA 14.2 x 12.8 x 13.7 x 8.08 x 17.2 x 16.9 x 13.7 x 14.6 x
EV / FCF - 26.9 x 25.1 x 10.3 x 28.1 x 16.2 x 14.5 x 13 x
FCF Yield - 3.71% 3.98% 9.67% 3.56% 6.16% 6.9% 7.7%
Price to Book 5.36 x 6.66 x 16.5 x 11.4 x 22.6 x 13 x 12 x 13.2 x
Nbr of stocks (in thousands) 6,75,640 7,00,649 7,17,651 7,41,598 7,57,781 7,59,176 - -
Reference price 2 55.94 64.81 129.4 74.19 130.9 137.0 137.0 137.0
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 11,858 14,665 16,561
EBITDA 1 3,288 3,846 7,179 7,810 6,255 6,636 8,161 7,620
EBIT 1 3,262 3,811 7,127 7,741 6,161 6,939 8,886 10,930
Operating Margin 44.45% 58.49% 61.11% 61.49% 63.56% 58.52% 60.59% 66%
Earnings before Tax (EBT) 1 3,067 3,646 6,931 7,425 5,731 6,884 8,215 8,244
Net income 1 2,871 3,342 6,171 6,633 5,061 6,026 7,475 8,177
Net margin 39.12% 51.29% 52.91% 52.68% 52.21% 50.82% 50.97% 49.38%
EPS 2 2.310 2.650 4.770 5.170 3.950 4.716 5.893 6.490
Free Cash Flow 1 - 1,824 3,922 6,101 3,833 6,918 7,728 8,540
FCF margin - 28% 33.62% 48.46% 39.54% 58.34% 52.7% 51.57%
FCF Conversion (EBITDA) - 47.44% 54.62% 78.11% 61.27% 104.26% 94.7% 112.07%
FCF Conversion (Net income) - 54.59% 63.55% 91.98% 75.73% 114.8% 103.39% 104.43%
Dividend per Share 2 1.950 2.260 4.060 4.400 3.350 4.026 5.130 5.847
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 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 2025 Q2
Net sales 1 4,457 3,501 4,154 2,592 2,342 2,486 2,351 2,322 2,535 2,549 2,607 2,925 3,691 3,373 3,483
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 1,425 1,701 2,170 1,836 2,100
Operating Margin 60.75% 61.47% 58.02% 63.23% 65.73% 61.32% 63.79% 64.49% 64.68% 60.84% 54.67% 58.13% 58.8% 54.44% 60.3%
Earnings before Tax (EBT) 1 2,651 2,086 2,341 1,559 1,440 1,420 1,392 1,387 1,532 1,444 1,396 1,625 2,325 - -
Net income 1 2,273 1,938 1,986 1,375 1,334 1,249 1,212 1,212 1,388 1,266 1,279 1,465 1,991 1,710 1,806
Net margin 51.01% 55.35% 47.81% 53.03% 56.96% 50.25% 51.56% 52.18% 54.76% 49.67% 49.06% 50.07% 53.95% 50.7% 51.85%
EPS 2 1.710 1.550 1.490 1.060 1.070 0.9700 0.9300 0.9400 1.110 0.9800 0.9880 1.148 1.555 1.345 1.406
Dividend per Share 2 1.450 1.320 1.270 0.9000 0.9100 0.8200 0.7900 0.8000 0.9400 0.8300 0.8308 0.9792 1.344 1.161 1.202
Announcement Date 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 8,356 7,932 6,931
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.756 x 0.9678 x 0.7921 x 1.037 x 1.335 x 1.259 x 0.9719 x 0.9096 x
Free Cash Flow 1 - 1,824 3,922 6,101 3,833 6,918 7,729 8,540
ROE (net income / shareholders' equity) 30.6% 48.9% 76.8% 77.7% 69.9% 44.4% 57.1% 61.9%
ROA (Net income/ Total Assets) 6.66% 11.4% 18.3% 15.8% 12.2% 12.1% 14.2% 14.1%
Assets 1 43,076 29,427 33,733 41,860 41,406 49,795 52,605 57,996
Book Value Per Share 2 10.40 9.730 7.850 6.520 5.790 10.50 11.40 10.40
Cash Flow per Share 2 - 2.780 5.540 5.250 3.330 5.620 6.660 6.640
Capex 1 - 112 64.3 235 224 134 121 74
Capex / Sales - 1.71% 0.55% 1.87% 2.31% 1.13% 0.83% 0.45%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
137 USD
Average target price
126.9 USD
Spread / Average Target
-7.34%
Consensus