Blackline Intrinsic Stock Value – SG Americas Securities LLC Trims BlackLine, Stake by 48.9% in Q1
August 1, 2023
☀️Trending News
BLACKLINE ($NASDAQ:BL): The company offers solutions for account reconciliations, daily transaction matching, close and consolidation, and task and workflow management. Its services are used by many major organizations and governments across the world. Despite the decline, the company still retains a large portion of the stock and remains a major shareholder in BlackLine, Inc. It is unclear why the company decided to reduce their stake but it is speculated that the decision was made due to changes in market conditions or shifts in strategy.
Analysis – Blackline Intrinsic Stock Value
At GoodWhale, we’ve performed a fundamental analysis of BLACKLINE‘s stock. Using our proprietary Valuation Line, we estimate the fair value of BLACKLINE’s share to be around $108.5. This means that BLACKLINE stock is currently trading at $58.1, which is significantly undervalued by 46.4%. Investors should take advantage of this opportunity to buy up BLACKLINE shares at a discounted price. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blackline. More…
| Total Revenues | Net Income | Net Margin |
| 541.69 | -31.39 | -4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blackline. More…
| Operations | Investing | Financing |
| 78.7 | -215.39 | -5.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blackline. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.93k | 1.79k | 1.93 |
Key Ratios Snapshot
Some of the financial key ratios for Blackline are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.8% | – | -3.9% |
| FCF Margin | ROE | ROA |
| 8.5% | -11.7% | -0.7% |
Peers
The company offers a suite of solutions that automate and streamline accounting processes, including the financial close, account reconciliation, journal entry, and intercompany accounting. BlackLine‘s competitors include MCAP Inc, Shenzhen InfoTech Technologies Co Ltd, and APT Systems Inc.
– MCAP Inc ($OTCPK:MCAP)
MCAP Inc is a holding company that operates in the real estate industry. The company has a market capitalization of 112.86 thousand as of 2022 and a return on equity of -106.38%. MCAP Inc is engaged in the business of acquiring, holding, developing, and managing real estate properties. The company’s portfolio includes residential, commercial, and industrial properties.
– Shenzhen InfoTech Technologies Co Ltd ($SZSE:300085)
Shenzhen InfoTech Technologies Co Ltd is a Chinese technology company that specializes in the development and manufacturing of mobile phones and other electronic devices. The company has a market cap of 6.66B as of 2022 and a Return on Equity of -19.32%. Shenzhen InfoTech Technologies Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
– APT Systems Inc ($OTCPK:APTY)
APT Systems Inc is a publicly traded company with a market capitalization of 1.75 million as of 2022. The company has a return on equity of 50.12%. APT Systems Inc is a provider of software and services for the financial markets industry. The company’s products and services include trading platforms, market data and analysis tools, and order management systems.
Summary
Blackline, Inc. is a publicly traded software company that provides financial process automation and accounting solutions. This suggests that the company may be performing below expectations, and investors may be reconsidering their investments in the company. It is important for potential investors to conduct their own research and analysis before investing in a stock like Blackline, Inc. as market conditions can change quickly and unexpectedly.
