Blackline Financial Ratios Analysis
| BL Stock | USD 61.46 3.07 5.26% |
Blackline |
Most ratios from Blackline's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Blackline current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Blackline Valuation and Blackline Correlation analysis. For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.At this time, Blackline's EV To Sales is quite stable compared to the past year. Free Cash Flow Per Share is expected to rise to 1.71 this year, although the value of Dividend Yield will most likely fall to 0.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.003956 | 0.004549 | 0.004322 | Price To Sales Ratio | 7.66 | 6.44 | 6.12 |
Blackline fundamentals Correlations
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Blackline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Blackline fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 9.87 | 21.55 | 14.19 | 7.66 | 6.44 | 6.12 | |
| Ptb Ratio | 7.16 | 17.96 | 18.59 | 35.8 | 14.56 | 9.94 | |
| Book Value Per Share | 7.21 | 7.43 | 5.57 | 1.88 | 4.29 | 5.71 | |
| Free Cash Flow Yield | 0.007023 | 0.004658 | 0.009406 | 0.006449 | 0.0261 | 0.0274 | |
| Invested Capital | 1.0 | 0.99 | 3.49 | 12.53 | 5.35 | 5.61 | |
| Pb Ratio | 7.16 | 17.96 | 18.59 | 35.8 | 14.56 | 9.94 | |
| Ev To Sales | 10.84 | 21.7 | 15.59 | 9.95 | 8.37 | 14.48 | |
| Roic | (0.0369) | (0.0186) | (0.0265) | (0.0178) | (0.001862) | (0.001955) | |
| Net Income Per Share | (0.58) | (0.69) | (1.73) | (0.57) | 0.87 | 0.91 | |
| Payables Turnover | 7.97 | 21.9 | 13.1 | 8.65 | 17.13 | 17.98 | |
| Capex To Revenue | (0.0335) | (0.0552) | (0.0547) | (0.0577) | (0.0468) | (0.0491) | |
| Cash Per Share | 10.99 | 9.55 | 20.54 | 18.06 | 19.79 | 20.78 | |
| Pocfratio | 95.96 | 138.49 | 75.43 | 71.5 | 30.01 | 28.51 | |
| Pfcf Ratio | 142.39 | 214.67 | 106.31 | 155.05 | 38.37 | 30.21 | |
| Income Quality | (0.92) | (1.39) | (0.79) | (1.65) | 2.4 | 2.52 | |
| Roe | (0.0806) | (0.0934) | (0.31) | (0.3) | 0.2 | 0.21 | |
| Pe Ratio | (88.73) | (192.38) | (59.82) | (118.18) | 71.91 | 75.51 | |
| Ev To Free Cash Flow | 156.35 | 216.12 | 116.77 | 201.52 | 49.88 | 37.22 | |
| Earnings Yield | (0.0113) | (0.005198) | (0.0167) | (0.008462) | 0.0139 | 0.0146 | |
| Current Ratio | 3.49 | 2.78 | 4.18 | 3.4 | 2.19 | 1.76 | |
| Receivables Turnover | 2.81 | 3.16 | 3.4 | 3.47 | 3.44 | 2.51 | |
| Graham Number | 9.71 | 10.76 | 14.73 | 4.91 | 9.15 | 7.25 |
Pair Trading with Blackline
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Blackline position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Blackline will appreciate offsetting losses from the drop in the long position's value.Moving together with Blackline Stock
| 0.82 | DJCO | Daily Journal Corp | PairCorr |
Moving against Blackline Stock
| 0.55 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.53 | DMAN | Innovativ Media Group | PairCorr |
| 0.51 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.48 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Blackline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blackline when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Blackline - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Blackline to buy it.
The correlation of Blackline is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Blackline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blackline moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Blackline can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Blackline Valuation and Blackline Correlation analysis. For more information on how to buy Blackline Stock please use our How to buy in Blackline Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Blackline Stock analysis
When running Blackline's price analysis, check to measure Blackline's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackline is operating at the current time. Most of Blackline's value examination focuses on studying past and present price action to predict the probability of Blackline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blackline's price. Additionally, you may evaluate how the addition of Blackline to your portfolios can decrease your overall portfolio volatility.
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Is Blackline's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Blackline. If investors know Blackline will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Blackline listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.05 | Earnings Share 0.81 | Revenue Per Share 9.696 | Quarterly Revenue Growth 0.113 | Return On Assets (0) |
The market value of Blackline is measured differently than its book value, which is the value of Blackline that is recorded on the company's balance sheet. Investors also form their own opinion of Blackline's value that differs from its market value or its book value, called intrinsic value, which is Blackline's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Blackline's market value can be influenced by many factors that don't directly affect Blackline's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Blackline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Blackline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Blackline's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.