Financials Blackstone Inc.

Equities

BX

US09260D1072

Investment Management & Fund Operators

Real-time Estimate Cboe BZX 02:44:07 2023-12-05 pm EST Intraday chart for Blackstone Inc. 5-day change 1st Jan Change
115.66 USD +0.10% +7.57% +56.07%

Valuation

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 20 022 36 884 43 682 88 393 52 065 82 096 - -
Enterprise Value (EV) 1 27 988 45 946 47 404 94 080 60 163 90 596 90 606 90 841
P/E ratio 13,2x 24,2x 24,5x 27,1x 14,4x 29,2x 21,2x 18,4x
Yield 7,21% 3,49% 3,49% 3,14% 5,93% 2,91% 4,01% 4,80%
Capitalization / Revenue 2,93x 5,03x 6,71x 7,58x 4,14x 8,20x 6,14x 5,23x
EV / Revenue 4,10x 6,26x 7,28x 8,07x 4,78x 9,05x 6,78x 5,78x
EV / EBITDA 9,23x 14,0x 12,3x 13,1x 7,70x 14,9x 11,5x 10,8x
EV / FCF - - 26,0x 24,0x 9,86x 19,6x 12,9x 9,75x
FCF Yield - - 3,85% 4,17% 10,1% 5,10% 7,75% 10,3%
Price to Book 3,10x 5,36x 6,66x 16,5x 11,4x 12,0x 10,7x 12,2x
Nbr of stocks (in thousands) 671 648 659 350 674 006 683 153 701 781 710 545 - -
Reference price 2 29,8 55,9 64,8 129 74,2 116 116 116
Announcement Date 31.01.19 30.01.20 27.01.21 27.01.22 26.01.23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6 833 7 338 6 515 11 663 12 590 10 013 13 360 15 709
EBITDA 1 3 031 3 288 3 846 7 179 7 810 6 067 7 892 8 444
EBIT 1 3 007 3 262 3 811 7 127 7 741 5 963 7 963 8 946
Operating Margin 44,0% 44,5% 58,5% 61,1% 61,5% 59,6% 59,6% 56,9%
Earnings before Tax (EBT) 1 3 513 3 067 3 646 6 931 7 425 5 611 7 731 7 754
Net income 1 1 542 2 871 3 342 6 171 6 633 5 065 6 901 7 910
Net margin 22,6% 39,1% 51,3% 52,9% 52,7% 50,6% 51,7% 50,4%
EPS 2 2,26 2,31 2,65 4,77 5,17 3,95 5,45 6,28
Free Cash Flow 1 - - 1 824 3 922 6 101 4 616 7 018 9 320
FCF margin - - 28,0% 33,6% 48,5% 46,1% 52,5% 59,3%
FCF Conversion (EBITDA) - - 47,4% 54,6% 78,1% 76,1% 88,9% 110%
FCF Conversion (Net income) - - 54,6% 63,6% 92,0% 91,1% 102% 118%
Dividend per Share 2 2,15 1,95 2,26 4,06 4,40 3,36 4,63 5,54
Announcement Date 31.01.19 30.01.20 27.01.21 27.01.22 26.01.23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December 2021 Q2 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
Net sales 1 2 118 3 042 4 457 3 501 4 154 2 592 2 342 2 486 2 351 2 322 2 810 2 967 3 228 3 558 4 348
EBITDA 1 - - 2 722 2 166 2 426 1 654 1 564 1 547 1 524 1 519 1 764 1 646 2 114 2 251 2 841
EBIT 1 - - 2 708 2 152 2 410 1 639 1 540 1 524 1 500 1 497 1 805 1 767 1 994 2 181 2 220
Operating Margin - - 60,8% 61,5% 58,0% 63,2% 65,7% 61,3% 63,8% 64,5% 64,2% 59,5% 61,8% 61,3% 51,1%
Earnings before Tax (EBT) 1 1 211 1 792 2 651 2 086 2 341 1 559 1 440 1 420 1 392 1 387 1 537 1 517 1 818 2 194 1 960
Net income 1 1 070 1 635 2 273 1 938 1 986 1 375 1 334 1 249 1 212 1 212 1 401 1 395 1 636 1 777 2 197
Net margin 50,5% 53,8% 51,0% 55,3% 47,8% 53,0% 57,0% 50,2% 51,6% 52,2% 49,8% 47,0% 50,7% 49,9% 50,5%
EPS 2 0,82 1,28 1,71 1,55 1,49 1,06 1,07 0,97 0,93 0,94 1,09 1,12 1,28 1,41 1,70
Dividend per Share 2 0,82 1,09 1,45 1,32 1,27 0,90 0,91 0,82 0,79 0,80 0,88 1,00 1,12 1,16 1,39
Announcement Date 07/22/21 10/21/21 01/27/22 04/21/22 07/21/22 10/20/22 01/26/23 04/20/23 07/20/23 10/19/23 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period : December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 7 966 9 062 3 722 5 686 8 098 8 500 8 510 8 745
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2,63x 2,76x 0,97x 0,79x 1,04x 1,40x 1,08x 1,04x
Free Cash Flow 1 - - 1 824 3 922 6 101 4 616 7 018 9 320
ROE (net income / shareholders' equity) 23,7% 30,6% 48,9% 76,8% 77,7% 41,9% 53,4% 64,1%
Shareholders' equity 1 6 507 9 376 6 831 8 037 8 539 12 100 12 918 12 348
ROA (Net income/ Total Assets) 4,87% 6,66% 11,4% 18,3% 15,8% 9,86% 12,4% 16,6%
Assets 1 31 670 43 076 29 427 33 733 41 860 51 397 55 806 47 594
Book Value Per Share 2 9,62 10,4 9,73 7,85 6,52 9,63 10,8 9,45
Cash Flow per Share 2 - - 2,78 5,54 5,25 4,10 7,21 6,63
Capex 1 - - 112 64,3 235 82,5 111 82,0
Capex / Sales - - 1,71% 0,55% 1,87% 0,82% 0,83% 0,52%
Announcement Date 01/31/19 01/30/20 01/27/21 01/27/22 01/26/23 - - -
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
115.54USD
Average target price
107.56USD
Spread / Average Target
-6.91%
Consensus
1st Jan change Capi.
+55.41% 82 096 M $
+61.57% 66 570 M $
+59.12% 20 685 M $
-8.62% 16 991 M $
+17.29% 12 855 M $
-3.87% 12 696 M $
+8.30% 12 378 M $
+38.88% 7 559 M $
-17.04% 6 757 M $
+24.25% 6 080 M $
Investment Management
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