Blackstone Company Net Worth: A Comprehensive Breakdown

Author

Reads 361

Patterned display of 100 US dollar bills, showcasing wealth and finance themes.
Credit: pexels.com, Patterned display of 100 US dollar bills, showcasing wealth and finance themes.

Blackstone Group, one of the world's largest private equity firms, has a staggering net worth of over $1 trillion.

The company's vast wealth can be attributed to its diverse range of assets, including real estate, private equity, hedge funds, and credit investments.

Blackstone's success has been fueled by its ability to adapt to changing market conditions and its willingness to take calculated risks.

Founded in 1985 by Stephen Schwarzman, Blackstone has grown into a global financial institution with a presence in over 30 countries.

Financial Performance

Blackstone's financial performance is a notable aspect of its overall health. The average price target for the company is $164.39, which is a decrease of -6.55% from the current price.

Analysts are optimistic about Blackstone's future prospects, with a consensus rating of "Buy" and 20 analysts supporting this view. This level of analyst support suggests that the company is well-regarded by the financial community.

Blackstone's expected earnings per share (EPS) growth over the next five years is predicted to be 30.63%, indicating a strong potential for future growth.

Profitability

Credit: youtube.com, FINANCIAL RATIOS: How to Analyze Financial Statements

Let's take a closer look at the profitability of these companies. BX has a Return on Assets (Normalized) of 10.30%, which is significantly higher than KKR's 1.99% and CG's 0.90%.

This suggests that BX is able to generate more revenue from its assets compared to the other two companies.

The Return on Equity (Normalized) for BX is 60.70%, which is also much higher than KKR's 29.81% and CG's 3.62%. This means that BX is able to generate more profit from its equity compared to the other two companies.

Here's a comparison of the Return on Assets (Normalized) and Return on Equity (Normalized) for these companies:

It's worth noting that KKR's Return on Invested Capital (Normalized) is 5.00%, which is a decent metric, but still lower than BX's Return on Assets (Normalized) and Return on Equity (Normalized).

Earnings Projection Consensus

Earnings Projection Consensus is a crucial aspect of financial analysis, and I'd like to dive into some key statistics.

Close-up Photo of a Logo
Credit: pexels.com, Close-up Photo of a Logo

The number of analysts providing earnings projections for Blackstone is 24.

Historical accuracy is a significant factor to consider, and in this case, it's impressive that 94.08% of analysts' projections have been accurate in the past.

The last reported earnings per share (EPS) for Blackstone was $1.01.

Here's a snapshot of the earnings projection consensus for Blackstone:

Cash Flow

Cash Flow is a crucial aspect of a company's financial performance, and Blackstone's numbers are certainly impressive. The company generated an operating cash flow of $4.22 billion in the last 12 months.

Capital expenditures, on the other hand, were a relatively small -$80.85 million. This means that Blackstone was able to retain a significant amount of cash flow, which can be used to invest in growth opportunities or pay off debt.

The free cash flow, which is the cash flow available to shareholders and investors, was a substantial $4.14 billion. This is a clear indication of the company's financial health and ability to generate cash.

Here's a breakdown of Blackstone's cash flow in the last 12 months:

Blackstone's free cash flow per share of $3.39 is a significant indicator of the company's ability to generate cash for shareholders.

Stephen Schwarzman

A solitary boat afloat in the calm, deep blue waters of Blackstone Lake, captured from above.
Credit: pexels.com, A solitary boat afloat in the calm, deep blue waters of Blackstone Lake, captured from above.

Stephen Schwarzman is the CEO and chairman of Blackstone, with a net worth of around $53 billion.

He's been instrumental in growing Blackstone into the largest private equity investment business in the world.

Schwarzman has a reputation for making bold financial deals, famously saying "I want war, not a series of skirmishes" when it comes to financial dealmaking.

This approach has led to some impressive profits, such as the $7 billion profit Blackstone made when it re-listed the Hilton hotel chain in 2013.

In 2022, Schwarzman was paid $253 million, making him the highest-paid CEO in the US.

His executive compensation has been a significant source of his wealth, with his salary reaching $734.2 million in 2015 and $786 million in 2017.

Schwarzman is also a major donor to the Republican party and strongly favours lowering taxes and government spending.

Share Statistics and Taxes

Blackstone's massive net worth is a staggering $100 billion, making it one of the largest private equity firms in the world.

Close-up of hands holding US dollar bills showcasing financial concept.
Credit: pexels.com, Close-up of hands holding US dollar bills showcasing financial concept.

The company's impressive wealth is largely due to its diverse investment portfolio, which includes real estate, private equity, and credit investments. Blackstone's real estate division, for example, manages over $150 billion in assets.

Blackstone is also a major player in the tax world, with its tax rate averaging around 25%. This is significantly lower than the average corporate tax rate in the US.

Share Statistics

Share Statistics are an essential aspect of understanding a company's financial health. Blackstone has a significant number of shares outstanding, with 1.22 billion shares in circulation.

The number of shares has increased by 1.33% in the past year, indicating some level of growth. This increase is a positive sign for investors.

Blackstone's current share class is 730.70 million, making up a portion of the total shares outstanding. The remaining shares are held by other entities.

Here's a breakdown of the shares held by different groups:

The float, or shares available for trading, is 727.07 million, giving a sense of the liquidity of the company's shares.

Taxes

Credit: youtube.com, Taxes on Stocks: What You Have to Know (Basics of Stock Market Tax Rules)

Blackstone's tax payments are a significant aspect of its financial operations. In the past 12 months, the company has paid a total of $835.18 million in taxes.

Blackstone's effective tax rate stands at 16.53%. This means that for every dollar the company earns, it pays 16.53 cents in taxes.

The company's income tax liability accounts for the majority of its tax payments.

BX Price Targets Recap

The average 1-year price target for Blackstone Inc is 182.63 USD. This is based on the forecasts of Wall Street analysts, who have a wide range of predictions.

The low forecast for Blackstone Inc is 147.46 USD, which is a significant difference from the high forecast of 241.5 USD. This shows that there's a lot of uncertainty among analysts about the company's future performance.

Financial Statements

Blackstone's financial health is a complex picture, but let's break it down. The company has a net cash position of -$10.34 billion, which is a significant drain on its finances.

A Company Logo on a Wall
Credit: pexels.com, A Company Logo on a Wall

The company's cash and cash equivalents total $2.50 billion, but this is more than offset by its $12.84 billion in debt. This leaves Blackstone with a net cash position of -$8.47 per share, a worrying sign for investors.

Here's a breakdown of Blackstone's balance sheet:

Blackstone's equity, or book value, is $19.46 billion, which translates to a book value per share of $9.13. This suggests that the company's assets are valued at a higher amount than its liabilities, but the net cash position is still a concern.

Income Statement

In the income statement, you'll find a snapshot of a company's financial performance over a specific period. Blackstone's income statement shows revenue of $11.14 billion in the last 12 months.

Revenue is the top line of the income statement and represents the total amount of money a company earns from its sales, investments, and other sources. In Blackstone's case, revenue was $11.14 billion.

Professionals analyzing financial charts in a corporate setting.
Credit: pexels.com, Professionals analyzing financial charts in a corporate setting.

The gross profit is the difference between revenue and the cost of goods sold. Blackstone's gross profit was $10.61 billion.

Operating income is the profit a company makes from its core business operations, excluding non-operating items like interest and taxes. Blackstone's operating income was $5.31 billion.

Pretax income is the profit a company makes before paying taxes. Blackstone's pretax income was $2.78 billion.

Net income is the profit a company makes after paying taxes and is the bottom line of the income statement. Blackstone's net income was $2.22 billion.

Earnings per share (EPS) is a measure of a company's profitability, calculated by dividing net income by the number of outstanding shares. Blackstone's EPS was $2.90.

Balance Sheet

The balance sheet is a snapshot of a company's financial situation at a specific point in time. It's like a photograph of the company's assets, liabilities, and equity.

A balance sheet typically includes three main sections: assets, liabilities, and equity. Let's take a closer look at each of these.

A business meeting scenario with diverse team members discussing graphs and future strategies in an office setting.
Credit: pexels.com, A business meeting scenario with diverse team members discussing graphs and future strategies in an office setting.

Assets are the things a company owns or is owed. In the case of Blackstone Inc, their current assets total $8 billion, with $2.5 billion of that being cash and short-term investments.

Cash and cash equivalents are the company's liquid assets, which can be easily converted into cash. Blackstone Inc has $2.5 billion in cash and short-term investments.

Receivables are amounts that customers owe to the company. Blackstone Inc has $5.5 billion in receivables.

Non-current assets are long-term investments that will take longer than a year to convert into cash. Blackstone Inc has $34.6 billion in non-current assets.

Here's a breakdown of Blackstone Inc's non-current assets:

Liabilities are the company's debts or obligations that must be paid. Blackstone Inc has $12.4 billion in current liabilities, with $2.2 billion of that being accounts payable.

Equity represents the company's ownership value, which is the difference between assets and liabilities. Blackstone Inc has a net cash position of -$10.34 billion, which means they have a negative equity.

Here's a summary of Blackstone Inc's balance sheet:

A company's balance sheet is a crucial tool for understanding its financial health and making informed business decisions.

Blackstone Inc Financials

Credit: youtube.com, How Stephen Schwarzman Built Blackstone Group

Blackstone Inc has a significant amount of current assets, totaling $8 billion.

These assets include $2.5 billion in cash and short-term investments, which is a substantial amount that can be used to cover immediate expenses or invest in new opportunities.

Receivables make up a significant portion of Blackstone's current assets, totaling $5.5 billion.

Non-current assets, on the other hand, are worth $34.6 billion, with a significant portion being long-term investments worth $28.3 billion.

Blackstone's property, plant, and equipment (PP&E) is valued at $978.7 million, which is a relatively small portion of its total assets.

The company also has intangible assets worth $2.1 billion and other non-current assets worth $3.2 billion.

Blackstone's current liabilities total $12.4 billion, with accounts payable making up $2.2 billion of that amount.

Accrued liabilities are also a significant portion of Blackstone's current liabilities, totaling $7.5 billion.

Other current liabilities, such as taxes and fees, total $2.6 billion.

Blackstone's non-current liabilities total $23.2 billion, with long-term debt making up $10.8 billion of that amount.

Other non-current liabilities, including pension and post-retirement benefits, total $12.5 billion.

Here's a breakdown of Blackstone's assets and liabilities:

Frequently Asked Questions

Is Blackstone the richest company in the world?

Blackstone is not the richest company in the world, but it is the world's largest alternative investment firm with over $1 trillion in total assets under management. Its vast assets make it a significant player in the global investment landscape.

Who owns Blackstone company?

Blackstone Group's ownership is split among institutional investors (60.50%), insiders (0.86%), and public companies and individual investors (38.64%). Learn more about the company's ownership structure and its implications.

How much is Blackstone CEO worth?

Blackstone CEO Stephen Schwarzman's net worth is estimated to be around $39 billion as of April 2024, according to Forbes. His net worth has fluctuated over the years, reaching $32 billion in October 2022, as reported by Bloomberg.

Wilbur Huels

Senior Writer

Here is a 100-word author bio for Wilbur Huels: Wilbur Huels is a seasoned writer with a keen interest in finance and investing. With a strong background in research and analysis, he brings a unique perspective to his writing, making complex topics accessible to a wide range of readers. His articles have been featured in various publications, covering topics such as investment funds and their role in shaping the global financial landscape.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.