Blackline Intrinsic Value – Assetmark Invests in BlackLine, to Strengthen FinTech Portfolio
January 30, 2023
Trending News ☀️
Blackline Intrinsic Value – BLACKLINE ($NASDAQ:BL): Assetmark Inc. recently announced that it has made a strategic investment in BlackLine, Inc., a leading provider of financial automation and cloud-based accounting software for businesses and organizations. The acquisition of shares of BlackLine, Inc. is part of Assetmark’s effort to strengthen its FinTech portfolio and offer its customers a greater range of products and services. It provides cloud-based solutions to automate manual accounting processes, eliminate manual spreadsheet errors, improve financial close cycles, and simplify account reconciliations. Its products are used by companies around the world to streamline their financial operations and improve the accuracy of their financial data. Assetmark Inc.’s investment in BlackLine, Inc. will help it expand its FinTech portfolio and provide its customers with a comprehensive suite of financial automation solutions. The investment will help Assetmark’s customers increase efficiency, reduce errors, and improve the quality of their financial data.
In addition, Assetmark will be able to leverage BlackLine’s powerful technology and expertise to develop new products and services to meet the evolving needs of its customers. The strategic investment in BlackLine, Inc. is a major step for Assetmark Inc. towards strengthening its FinTech portfolio and better serving its customers. With this investment, Assetmark will be able to offer its customers a comprehensive suite of financial automation solutions that are designed to help them streamline their operations and make more informed decisions.
Stock Price
On Monday, news of Assetmark Inc. investing in BlackLine, Inc. was met with mostly positive reactions. The stock opened at $69.1 and closed at $70.8, representing a 2.8% increase from its previous closing price of 68.9. This provides a strong signal to the market that Assetmark is confident in BlackLine’s financial technology (FinTech) portfolio. The investment may also be seen as a signal to the industry that Assetmark is looking to make a long-term commitment to FinTech, as BlackLine is well-positioned to support the company’s business strategy. The move also shows that Assetmark is looking to capitalize on the growing demand for innovative financial technology solutions. The investment has been welcomed by both companies, as it signifies a commitment to innovation and a long-term collaboration.
The partnership will bring together Assetmark’s expertise in asset management and BlackLine’s capabilities in cloud-based financial operations management software. This will result in better services for customers and improved performance for the companies. Overall, the investment is good news for both companies, as it strengthens their relationship and provides an opportunity to capitalize on the growing demand for financial technology solutions. It will be interesting to see how the partnership will evolve over time and how it will contribute to the success of both companies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blackline. More…
| Total Revenues | Net Income | Net Margin |
| 498.31 | -77.7 | -15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blackline. More…
| Operations | Investing | Financing |
| 52.38 | -245.29 | 5.15 |
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 |
| 1.88k | 1.78k | 1.33 |
Key Ratios Snapshot
Some of the financial key ratios for Blackline are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.5% | – | -13.8% |
| FCF Margin | ROE | ROA |
| 4.2% | -54.7% | -2.3% |
VI Analysis – Blackline Intrinsic Value
BlackLine is a company that provides cloud-based software solutions to automate and streamline financial close processes. Its fundamentals reflect the long-term potential of the company, which can be analyzed with the help of VI app. According to VI Line, the fair value of a BlackLine share is $108.9, indicating that the current market price of $70.8 is undervalued by 35%. This means that investors who buy BlackLine stock now can benefit from the potential upside in the future. Since the company is backed by solid fundamentals, there is a good chance for them to deliver on their promises. With a good understanding of the company and its fundamentals, investors can make an informed decision and benefit from this opportunity. More…
VI Peers
The company offers a suite of solutions that automate and streamline accounting processes, including the financial close, account reconciliation, journal entry, and intercompany accounting. BlackLine‘s competitors include MCAP Inc, Shenzhen InfoTech Technologies Co Ltd, and APT Systems Inc.
– MCAP Inc ($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
Assetmark Inc. has recently announced an investment in BlackLine, Inc., a financial technology company. The move is intended to strengthen their existing portfolio, and suggests that Assetmark Inc. is confident in the potential of BlackLine. Analysts view the investment positively, expecting it to provide a boost to the company’s stock price and overall financial performance. BlackLine is well-known for its cloud-based accounting solutions, allowing businesses to streamline their financial processes.
The company also provides analytics and reporting features, allowing for efficient data management and analysis. With the recent investment, BlackLine is expected to continue its growth in the FinTech space.
