Blackline Piotroski F Score

BL
 Stock
  

USD 62.41  2.76  4.24%   

This module uses fundamental data of Blackline to approximate its Piotroski F score. Blackline F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Blackline. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Blackline financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Blackline Altman Z Score, Blackline Correlation, Blackline Valuation, as well as analyze Blackline Alpha and Beta and Blackline Hype Analysis.
  
Total Debt is expected to hike to about 1.2 B this year. Debt Current is expected to hike to about 5.6 M this year. Blackline Cash Flow Per Share is relatively stable at the moment as compared to the past year. The company's current value of Cash Flow Per Share is estimated at 1.47. Revenue to Assets is expected to hike to 0.25 this year, although the value of Accrued Expenses Turnover will most likely fall to 9.12.
At this time, it appears that Blackline's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Blackline Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Blackline is to make sure Blackline is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Blackline's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Blackline's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted51.8 M58.4 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares51.8 M58.4 M
Fairly Down
Increasing
Slightly volatile
Net Cash Flow from Operations86.4 M80.1 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities348 M322.6 M
Significantly Up
Increasing
Slightly volatile
Total Liabilities1.6 B1.5 B
Significantly Up
Increasing
Slightly volatile
Gross Margin72.577.0097
Notably Down
Increasing
Slightly volatile
Total Debt1.2 B1.1 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.360.2905
Fairly Up
Increasing
Slightly volatile
Current Assets1.5 B1.3 B
Significantly Up
Increasing
Slightly volatile
Total AssetsB1.8 B
Significantly Up
Increasing
Slightly volatile

Blackline F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Blackline's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Blackline in a much-optimized way.

About Blackline Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

(9.78)

Blackline Operating Margin is relatively stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at -9.78

Blackline Current Valuation Drivers

We derive many important indicators used in calculating different scores of Blackline from analyzing Blackline's financial statements. These drivers represent accounts that assess Blackline's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Blackline's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(51.43 K)(32.71 K)(30.84 K)(35.31 K)(73.96 K)(79.8 K)
Revenue Per Employee239.23 K267.99 K273.91 K264.74 K273.41 K245.89 K
Average Assets429.29 M472.78 M754.66 M1.05 B1.75 B1.89 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA(34.55 M)(24.44 M)(21.6 M)(13.09 M)(31.01 M)(33.46 M)
Earnings Before Interest Taxes and Depreciation Amortization USD(12.86 M)(5.3 M)4.13 M2.65 M(20.44 M)(20.98 M)
Earnings before Tax(32.84 M)(27.64 M)(30.81 M)(46.21 M)(115.03 M)(118.05 M)
Average Equity298.56 M318.34 M360.69 M411.24 M335.61 M352.66 M
Enterprise Value1.71 B2.2 B2.74 B7.64 B6.8 B5.76 B
Free Cash Flow(2.2 M)4.18 M20.03 M37.64 M56.83 M61.31 M
Invested Capital62.62 M66.35 M874.52 M570.22 M1.74 B1.88 B
Invested Capital Average48.32 M66.81 M375.63 M612.52 M1.63 B1.76 B
Market Capitalization1.73 B2.24 B2.87 B7.64 B6.07 B5.32 B
Tangible Asset Value228.04 M271.54 M801.86 M761.43 M1.47 B1.58 B
Working Capital54.13 M62.52 M516.41 M431.79 M1.03 B1.11 B

About Blackline Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Blackline's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Blackline using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Blackline based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations worldwide. BlackLine, Inc. was incorporated in 2001 and is headquartered in Woodland Hills, California. Blackline operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 1915 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Blackline without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

+0.71WDAYWorkday Tech BoostPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
Continue to Blackline Altman Z Score, Blackline Correlation, Blackline Valuation, as well as analyze Blackline Alpha and Beta and Blackline Hype Analysis. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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.
Market Capitalization
3.9 B
Quarterly Revenue Growth YOY
0.227
Return On Assets
(0.0248) 
Return On Equity
(0.33) 
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 Blackline value 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.