Blackstone Group Inc (The) Stock Research

Market Summary

USD85.70+2.17

Market Closed

2.60%

BX Alerts

1 major insider buys recently.
Big fall in earnings (Y/Y)

BX Stock Price

BX RSI Chart

BX Valuation

Market Cap

61.1B

Price/Earnings (Trailing)

99.07

Price/Sales (Trailing)

12.8

EV/EBITDA

53.07

Price/Free Cashflow

16.55

BX Price/Sales (Trailing)

BX Profitability

EBT Margin

40.64%

Return on Equity

22.83%

Return on Assets

4.11%

Free Cashflow Yield

6.04%

BX Fundamentals

BX Revenue

Revenue (TTM)

4.8B

Revenue Y/Y

-70.43%

Revenue Q/Q

61.05%

BX Earnings

Earnings (TTM)

616.6M

Earnings Y/Y

-92.95%

Earnings Q/Q

-84.62%

Price Action

52 Week Range

71.07119.39

(Low)(High)

Last 7 days

3.2%

Last 30 days

1.4%

Last 90 days

-3.8%

Trailing 12 Months

-25.2%

BX Financial Health

Debt/Equity

1.23

Debt/Cashflow

0.67

BX Investor Care

Dividend Yield

5.88%

Dividend/Share (TTM)

5.13

Shares Dilution (1Y)

0.79%

Diluted EPS (TTM)

0.82

Peers (Alternatives to Blackstone Group The)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BX	61.1B	4.8B	1.41%	-25.25%	99.07	12.8	-62.27%	-88.42%
KKR	44.5B	7.8B	2.74%	-4.25%	-100.09	5.67	-64.76%	-115.12%
AMP	33.8B	14.5B	5.68%	13.67%	10.39	2.44	5.75%	-28.18%
BEN	12.3B	7.9B	-5.96%	-7.31%	14.52	1.57	-9.17%	-55.48%
MID-CAP
IVZ	7.8B	5.8B	-12.10%	-20.91%	11.43	1.29	-14.95%	-52.29%
HLI	5.6B	737.1M	-2.57%	5.80%	46.43	7.62	-67.95%	-74.36%
AMG	5.4B	2.3B	2.26%	7.32%	4.75	2.34	-3.43%	102.56%
EVR	4.8B	2.6B	0.30%	-0.52%	10.01	1.72	-21.95%	-46.68%
JHG	4.3B	2.1B	2.95%	-1.60%	15.81	2.09	-24.19%	-55.18%
LAZ	3.2B	2.7B	-11.23%	-14.69%	8.95	1.12	-18.40%	-60.07%
AMK	2.1B	646.6M	-7.79%	39.35%	21.45	3.26	15.54%	72.98%
SMALL-CAP
DHIL	494.4M	146.2M	-0.23%	-4.52%	11.23	3.38	-21.14%	-36.78%
VALU	457.1M	40.1M	0.43%	-29.95%	25.62	11.4	-0.04%	-31.55%
SCU	206.6M	434.9M	6.70%	-27.84%	82.34	0.37	-27.53%	-139.58%
PZN	161.6M	197.7M	0.84%	-7.62%	4	0.82	5.01%	-33.91%

Financials for Blackstone Group The

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-44.0%	4,773	8,518	12,576	17,742	22,405
S&GA Expenses	3.0%	1,125	1,093	1,110	1,058	973
Costs and Expenses	-20.3%	3,965	4,973	6,401	8,094	9,622
EBITDA	-42.0%	3,779	6,511	10,050	13,442	-
EBITDA Margin	-14.3%	0.44*	0.52*	0.57*	0.60*	-
Earnings Before Taxes	-78.6%	739	3,462	6,238	9,805	13,170
EBT Margin	-18.1%	0.41*	0.50*	0.55*	0.59*	-
Interest Expenses	11.9%	355	317	273	245	220
Net Income	-64.7%	617	1,748	2,588	3,988	5,326
Net Income Margin	-0.3%	0.21*	0.21*	0.22*	0.24*	-
Free Cahsflow	32.6%	6,101	4,601	5,297	4,338	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-3.4%	41,086	42,524	40,259	41,631	43,344
Cash Equivalents	-28.9%	3,021	4,252	3,480	4,183	3,869
Net PPE	22.3%	387	316	287	-	-
Goodwill	-0.5%	1,890	1,900	1,890	1,890	1,890
Liabilities	-2.1%	22,373	22,843	20,524	20,297	21,103
Long Term Debt	-1.1%	9,391	9,497	9,060	-	-
Shareholder's Equity	-7.4%	7,091	7,656	7,586	8,631	9,660
Retained Earnings	-33.9%	1,156	1,748	1,869	2,803	3,806
Additional Paid-In Capital	0.4%	5,957	5,935	5,791	5,870	5,880
Shares Outstanding	0.4%	713	710	709	706	707

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-37.8%	3,940	6,336	4,807	5,428	4,438
Share Based Compensation	6.9%	905	846	820	762	693
Cashflow From Investing	-8.0%	-254	-235	-206	-130	-99.73
Cashflow From Financing	-22.2%	-4,637	-3,794	-6,123	-3,541	-3,322
Dividend Payments	-12.6%	5,698	6,519	6,730	5,946	5,305

Risks for BX

What is the probability of a big loss on BX?

63.9%

Probability that Blackstone Group The stock will be more than 20% underwater in next one year

38.5%

Probability that Blackstone Group The stock will be more than 30% underwater in next one year.

26.9%

Probability that Blackstone Group The stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does BX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Blackstone Group The was unfortunately bought at previous high price.

Drawdowns

Returns for BX

Cumulative Returns on BX

20.4%

10-Year Cumulative Returns

24.0%

7-Year Cumulative Returns

27.0%

5-Year Cumulative Returns

19.3%

3-Year Cumulative Returns

What are the long-term rolling returns for BX?

FIve years rolling returns for Blackstone Group The.

Annualized Returns

Which funds bought or sold BX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	added	7.28	111,000	524,000	0.36%
2023-05-23	Toroso Investments, LLC	added	109	1,887,000	3,160,000	0.05%
2023-05-23	Seaport Global Advisors, LLC	added	31.28	103,474	290,136	0.92%
2023-05-22	Raleigh Capital Management Inc.	unchanged	-	2,457	15,811	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-54.5	-1,906,620	2,226,130	-%
2023-05-22	Arete Wealth Advisors, LLC	reduced	-2.74	-1,294,440,000	1,492,000	0.12%
2023-05-22	AMERIPRISE FINANCIAL INC	added	9.35	64,455,900	283,080,000	0.09%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-19,957	-	-%
2023-05-19	Harvest Investment Advisors, LLC	added	1.84	231,953	1,358,970	1.21%
2023-05-18	TITLEIST ASSET MANAGEMENT, LLC	new	-	265,333	265,333	0.06%

Latest Funds Activity

Are funds buying BX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own BX

No. of Funds

Blackstone Group The News

Schedule 13G FIlings of Blackstone Group The

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	6.70%	46,994,275	SC 13G/A
Feb 06, 2023	wellington management group llp	2.24%	15,702,671	SC 13G/A
Feb 01, 2023	blackrock inc.	5.5%	38,893,839	SC 13G/A
Feb 09, 2022	vanguard group inc	5.81%	39,935,913	SC 13G/A
Feb 04, 2022	blackrock inc.	5.3%	36,485,682	SC 13G
Feb 10, 2021	vanguard group inc	5.53%	37,271,096	SC 13G/A
Feb 03, 2021	wellington management group llp	6.34%	42,735,373	SC 13G
Feb 11, 2020	vanguard group inc	5.65%	37,649,030	SC 13G

BX Fair Value

Blackstone Group The fair value in different scenarios

The table shows the Fair Value estimates for Blackstone Group The for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	65.64 -23.41%	96.13 12.17%	170.37 98.80%	353.98 313.05%	619.44 622.80%
Current Inflation	60.27 -29.67%	86.59 1.04%	149.58 74.54%	304.25 255.02%	526.66 514.54%
Very High Inflation	53.68 -37.36%	75.13 -12.33%	125.25 46.15%	247.16 188.40%	421.20 391.48%

Historical Blackstone Group The Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Blackstone Group The

View All Filings

Date Filed	Form Type	Document
May 25, 2023	4	Insider Trading
May 16, 2023	4	Insider Trading
May 16, 2023	4	Insider Trading
May 15, 2023	13F-HR	Fund Holdings Report
May 10, 2023	4	Insider Trading
May 05, 2023	10-Q	Quarterly Report
May 05, 2023	4	Insider Trading
May 05, 2023	IRANNOTICE	IRANNOTICE
Apr 20, 2023	4	Insider Trading
Apr 20, 2023	8-K	Current Report

Latest Insider Trading transactions for BX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-14	Hood John A.	acquired	-	-	2,525	-
2023-05-14	Hood John A.	sold (taxes)	-14,914	82.86	-180	-
2023-05-13	Ayotte Kelly	acquired	-	-	2,525	-
2023-05-08	Porat Ruth	bought	23,316	82.7094	281	-
2023-05-08	Porat Ruth	bought	6,624	82.83	79.98	-
2023-04-03	Baratta Joseph	sold	-7,337,190	86.3199	-85,000	-
2023-04-01	Finley John G	acquired	-	-	104,758	chief legal officer
2023-04-01	Chae Michael	acquired	-	-	116,397	chief financial officer
2023-04-01	GRAY JONATHAN	acquired	-	-	349,191	president & coo
2023-04-01	Payne David	acquired	-	-	14,550	chief accounting officer

About Blackstone Group The

BX Income Statement

2023-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Performance Allocations
Realized	$ 646,894	$ 1,766,386
Unrealized	(759,212)	1,293,050
Principal Investments
Realized	108,058	285,104
Unrealized	(491,417)	73,961
Total Investment Income (Loss)	(495,677)	3,418,501
Interest and Dividend Revenue	90,485	54,485
Other	(14,154)	72,869
Total Revenues	1,381,845	5,126,280
Expenses
Compensation	716,285	656,505
Incentive Fee Compensation	63,281	41,019
Performance Allocations Compensation
Realized	296,794	717,601
Unrealized	(313,249)	472,284
Total Compensation and Benefits	763,111	1,887,409
General, Administrative and Other	273,394	240,674
Interest Expense	104,441	66,747
Fund Expenses	48,399	2,192
Total Expenses	1,189,345	2,197,022
Other Income
Change in Tax Receivable Agreement Liability	(5,208)	761
Net Gains from Fund Investment Activities	71,064	50,876
Total Other Income	65,856	51,637
Income Before Provision for Taxes	258,356	2,980,895
Provision for Taxes	47,675	483,281
Net Income	210,681	2,497,614
Net Income (Loss) Attributable to Redeemable Non-Controlling Interests in Consolidated Entities	(6,700)	5,052
Net Income Attributable to Non-Controlling Interests in Consolidated Entities	74,869	216,375
Net Income Attributable to Non-Controlling Interests in Blackstone Holdings	56,700	1,059,313
Net Income Attributable to Blackstone Inc.	$ 85,812	$ 1,216,874
Net Income Per Share of Common Stock
Basic	$ 0.12	$ 1.66
Diluted	$ 0.11	$ 1.66
Weighted-Average Shares of Common Stock Outstanding
Basic	746,064,922	734,327,015
Diluted	746,643,929	734,966,915
Management and Advisory Fees, Net
Revenues
Revenues	$ 1,658,315	$ 1,475,936
Incentive Fees
Revenues
Revenues	$ 142,876	$ 104,489