BL Valuation

BlackLine Inc

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52.850

+0.62(1.187%)1D

Overview
Forecast
Valuation
Earnings

BL Relative Valuation

BL's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BL is overvalued; if below, it's undervalued.

Historical Valuation

BlackLine Inc (BL) is now in the Fair zone, suggesting that its current forward PE ratio of 22.94 is considered Fairly compared with the five-year average of 124.31. The fair price of BlackLine Inc (BL) is between 29.12 to 464.48 according to relative valuation methord.

Relative Value

Fair Zone

29.12-464.48

Current Price：52.85

Fair

22.94

Trailing

Forward

16.57

EV/EBITDA

BlackLine Inc. (BL) has a current EV/EBITDA of 16.57. The 5-year average EV/EBITDA is 66.30. The thresholds are as follows: Strongly Undervalued below -28.18, Undervalued between -28.18 and 19.06, Fairly Valued between 113.53 and 19.06, Overvalued between 113.53 and 160.77, and Strongly Overvalued above 160.77. The current Forward EV/EBITDA of 16.57 falls within the Undervalued range.

19.97

EV/EBIT

BlackLine Inc. (BL) has a current EV/EBIT of 19.97. The 5-year average EV/EBIT is 138.43. The thresholds are as follows: Strongly Undervalued below -168.36, Undervalued between -168.36 and -14.97, Fairly Valued between 291.82 and -14.97, Overvalued between 291.82 and 445.21, and Strongly Overvalued above 445.21. The current Forward EV/EBIT of 19.97 falls within the Historic Trend Line -Fairly Valued range.

4.39

BlackLine Inc. (BL) has a current PS of 4.39. The 5-year average PS is 8.40. The thresholds are as follows: Strongly Undervalued below -0.26, Undervalued between -0.26 and 4.07, Fairly Valued between 12.74 and 4.07, Overvalued between 12.74 and 17.07, and Strongly Overvalued above 17.07. The current Forward PS of 4.39 falls within the Historic Trend Line -Fairly Valued range.

14.43

P/OCF

BlackLine Inc. (BL) has a current P/OCF of 14.43. The 5-year average P/OCF is 60.88. The thresholds are as follows: Strongly Undervalued below -25.92, Undervalued between -25.92 and 17.48, Fairly Valued between 104.27 and 17.48, Overvalued between 104.27 and 147.67, and Strongly Overvalued above 147.67. The current Forward P/OCF of 14.43 falls within the Undervalued range.

16.51

P/FCF

BlackLine Inc. (BL) has a current P/FCF of 16.51. The 5-year average P/FCF is 116.35. The thresholds are as follows: Strongly Undervalued below -110.15, Undervalued between -110.15 and 3.10, Fairly Valued between 229.60 and 3.10, Overvalued between 229.60 and 342.85, and Strongly Overvalued above 342.85. The current Forward P/FCF of 16.51 falls within the Historic Trend Line -Fairly Valued range.

BlackLine Inc (BL) has a current Price-to-Book (P/B) ratio of 7.81. Compared to its 3-year average P/B ratio of 19.87 , the current P/B ratio is approximately -60.71% higher. Relative to its 5-year average P/B ratio of 21.97, the current P/B ratio is about -64.47% higher. BlackLine Inc (BL) has a Forward Free Cash Flow (FCF) yield of approximately 5.32%. Compared to its 3-year average FCF yield of 3.51%, the current FCF yield is approximately 51.35% lower. Relative to its 5-year average FCF yield of 2.49% , the current FCF yield is about 113.52% lower.

7.81

P/B

Median3y

19.87

Median5y

21.97

5.32

FCF Yield

Median3y

3.51

Median5y

2.49

Competitors Valuation Multiple

The average P/S ratio for BL's competitors is 4.31, providing a benchmark for relative valuation. BlackLine Inc Corp (BL) exhibits a P/S ratio of 4.39, which is 1.93% above the industry average. Given its robust revenue growth of 7.18%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of BL increased by 6.66% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 20.48 to 38.97.

The secondary factor is the Revenue Growth, contributed 7.18%to the performance.

Overall, the performance of BL in the past 1 year is driven by P/E Change. Which is more unsustainable.

7.18%

160.51M → 172.03M

Revenue Growth

-90.79%

46.70 → 4.30

Margin Expansion

90.27%

20.48 → 38.97

P/E Change

6.66%