Blackline Z Score

BL
 Stock
  

USD 62.41  2.76  4.24%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Continue to Blackline Piotroski F Score and Blackline Valuation analysis.
  
Blackline Invested Capital is relatively stable at the moment as compared to the past year. The company's current value of Invested Capital is estimated at 1.88 Billion. Invested Capital Average is expected to hike to about 1.8 B this year, although the value of Return on Invested Capital will most likely fall to (0.0345) . Blackline Research and Development Expense is relatively stable at the moment as compared to the past year. The company's current value of Research and Development Expense is estimated at 83.43 Million. Income Tax Expense is expected to hike to about 145.7 K this year, although the value of Cost of Revenue will most likely fall to nearly 79.6 M.

Blackline Z Score Analysis

Blackline's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Blackline Z Score

    
  2.2  
Most of Blackline's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Blackline is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Blackline Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Blackline is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Blackline's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Blackline's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Blackline's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, Blackline has a Z Score of 2.2. This is 83.64% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The z score for all United States stocks is 74.77% higher than that of the company.

Blackline Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Blackline's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Blackline could also be used in its relative valuation, which is a method of valuing Blackline by comparing valuation metrics of similar companies.
Blackline is currently under evaluation in z score category among related companies.

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

Blackline Fundamentals

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 Piotroski F Score and Blackline Valuation analysis. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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When running Blackline price analysis, check to measure Blackline's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Blackline is operating at the current time. Most of Blackline's value examination focuses on studying past and present price action to predict the probability of Blackline's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Blackline's price. Additionally, you may evaluate how the addition of Blackline to your portfolios can decrease your overall portfolio volatility.
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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.