Blackstone Secured Lending Fund Fundamental Analysis (NYSE: BXSL)
Blackstone Secured Lending Fund Fundamental Analysis (NYSE: BXSL)
Blackstone Secured Lending Fund (NYSE: BXSL) shows moderate financial fundamentals with a PE ratio of 19.65, profit margin of 27.59%, and ROE of 4.78%. The company generates $1.1B in annual revenue with strong year-over-year growth of 20.92%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 55.0/100 based on profitability, valuation, growth, and balance sheet metrics. The C grade reflects average fundamentals, with notable risks in certain areas.
Fundamental Health Score
We analyze BXSL's fundamental strength across five key dimensions:
Efficiency Score
WeakBXSL struggles to generate sufficient returns from assets.
Valuation Score
ExcellentBXSL trades at attractive valuation levels.
Growth Score
ModerateBXSL shows steady but slowing expansion.
Financial Health Score
ModerateBXSL shows balanced financial health with some risks.
Profitability Score
ModerateBXSL maintains healthy but balanced margins.
Key Financial Metrics
Is BXSL Expensive or Cheap?
P/E Ratio
BXSL trades at 19.65 times earnings. This indicates a fair valuation.
PEG Ratio
When adjusting for growth, BXSL's PEG of -0.36 indicates potential undervaluation.
Price to Book
The market values Blackstone Secured Lending Fund at 0.98 times its book value. This may indicate undervaluation.
EV/EBITDA
Enterprise value stands at -1.95 times EBITDA. This is generally considered low.
How Well Does BXSL Make Money?
Net Profit Margin
For every $100 in sales, Blackstone Secured Lending Fund keeps $27.59 as profit after all expenses.
Operating Margin
Core operations generate 55.93 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $4.78 in profit for every $100 of shareholder equity.
ROA
Blackstone Secured Lending Fund generates $2.13 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Blackstone Secured Lending Fund produces operating cash flow of $148.02M, showing steady but balanced cash generation.
Free Cash Flow
Blackstone Secured Lending Fund generates strong free cash flow of $148.02M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.64 in free cash annually.
FCF Yield
BXSL converts 2.55% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
19.65
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-0.36
vs 25 benchmark
P/B Ratio
Price to book value ratio
0.98
vs 25 benchmark
P/S Ratio
Price to sales ratio
5.46
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
1.27
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.39
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.05
vs 25 benchmark
ROA
Return on assets percentage
0.02
vs 25 benchmark
ROCE
Return on capital employed
0.04
vs 25 benchmark
How BXSL Stacks Against Its Sector Peers
| Metric | BXSL Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 19.65 | 21.07 | Neutral |
| ROE | 4.78% | 647.00% | Weak |
| Net Margin | 27.59% | -1594.00% (disorted) | Strong |
| Debt/Equity | 1.27 | 0.90 | Weak (High Leverage) |
| Current Ratio | 1.39 | 912.43 | Neutral |
| ROA | 2.13% | -579.00% (disorted) | Weak |
BXSL outperforms its industry in 1 out of 6 key metrics, particularly excelling in Net Margin, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Blackstone Secured Lending Fund's 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
121.05%
Industry Style: Value, Dividend, Cyclical
High GrowthEPS CAGR
7.21%
Industry Style: Value, Dividend, Cyclical
GrowingFCF CAGR
91.78%
Industry Style: Value, Dividend, Cyclical
High Growth