Investigating BlackLine, at US$67.27 – Is it Worth it?
January 4, 2023
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BLACKLINE ($NASDAQ:BL): BlackLine, Inc. is a global provider of cloud-based solutions for finance and accounting organizations. It provides a suite of solutions for automating and streamlining financial close processes, including its flagship product, BlackLine Account Reconciliation. With strong earnings and revenue growth over the past three years, it could be worth further investigation. This suggests that BlackLine is well positioned to benefit from the current digital transformation trend that is sweeping across the corporate world. The company has also seen a surge in demand for its products and services due to the pandemic, as organizations look to automate their financial processes to reduce costs and improve efficiency. BlackLine has responded to this demand by enhancing its platform with new features and functions, such as automated reconciliation and machine learning-powered analytics.
Additionally, the company has expanded its customer base to include larger enterprise organizations across multiple industries. BlackLine also appears to have made significant progress on its strategic initiatives. For example, it recently announced a partnership with Microsoft Azure that will help customers more easily deploy its solutions in the cloud. Additionally, it has also announced plans to expand its presence in Europe and Asia-Pacific. This could present a potential growth opportunity for the company in the future. Overall, it seems that BlackLine is well positioned to continue growing and delivering value to its shareholders. With a solid foundation of financials and an expanding customer base, the stock looks like a good long-term investment option. Therefore, it could be worth taking a closer look at BlackLine at US$67.27 per share.
Share Price
Investigating BlackLine, Inc. (BL) at US$67.27 – Is it Worth it? On Tuesday, BLACKLINE stock opened at $68.5 and closed at $67.8, up by 0.8% from its previous closing price of 67.3. This suggests that the stock is trending in a positive direction, which could be an indicator that it is worth investing in. This indicates that the stock has potential for further growth and could be a good investment for long-term investors.
The company has also recently announced an expansion into new markets, which could increase its revenue even further. Overall, BL appears to be a good investment at its current price. The company is well-managed and has strong financials, while its stock is trending in a positive direction and is expected to continue to increase in value over time. 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 has an intermediate health score of 6/10 according to the VI Star Chart, indicating that the company is likely to pay off its debt and fund future operations. BLACKLINE is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking for growth may find BLACKLINE appealing as it is strong in growth, medium in asset and weak in dividend and profitability. As a cheetah, BLACKLINE may be an attractive option for investors looking to capitalize on its current momentum and high earnings growth. On the other hand, those seeking a more secure investment may be put off by the company’s weaker dividend and profitability metrics. In addition, the company’s fundamentals should be closely monitored by investors. This includes evaluating the company’s financial position on a regular basis to ensure that it is able to meet its financial obligations. Furthermore, investors should be aware of any changes in the industry or macroeconomic environment that may affect the company’s performance. Overall, BLACKLINE may be an attractive option for investors looking for growth opportunities, though due diligence should be undertaken before investing. By closely monitoring the company’s fundamentals and assessing the industry and macroeconomic environment, investors can make an informed decision regarding whether they should invest in BLACKLINE. 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
BlackLine, Inc. (NASDAQ: BL) is a provider of cloud-based accounting software and services that help businesses automate and streamline their financial close and accounting processes. BlackLine has a solid market position, with a large customer base and a wide range of products that are highly competitive in the space. Overall, BlackLine appears to be a strong investment opportunity with potential for further growth.
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