(BXSL) Blackstone Secured Lending - Ratings and Ratios
Loans, Equity, Securities, Debt, Investments
BXSL EPS (Earnings per Share)
BXSL Revenue
Description: BXSL Blackstone Secured Lending
Blackstone Secured Lending Fund (BXSL) is a business development company (BDC) that provides financing to private US companies, primarily in the form of senior secured loans to small and middle-market businesses. The funds primary objective is to generate current income, with a secondary goal of achieving long-term capital appreciation.
To achieve its investment objectives, BXSL focuses on originating loans, equity, and other securities of private US companies. The funds portfolio is primarily composed of first lien senior secured and unitranche loans, with a smaller allocation to second lien, third lien, unsecured, and subordinated loans, as well as other debt and equity securities.
From a performance perspective, BXSL has demonstrated a stable track record. Key performance indicators (KPIs) such as dividend yield, net investment income, and net asset value (NAV) per share are important metrics to evaluate the funds performance. As a BDC, BXSL is required to distribute at least 90% of its taxable income to shareholders, making dividend yield a crucial metric. The funds NAV per share is also an important indicator of its financial health.
To further evaluate BXSLs performance, one can analyze its debt-to-equity ratio, interest coverage ratio, and return on equity (ROE). A debt-to-equity ratio of around 0.6-0.7x is considered reasonable for a BDC, indicating a manageable level of leverage. The interest coverage ratio, which measures the funds ability to meet its interest payments, is also an important metric. With a ROE of 11.28%, BXSL has demonstrated a relatively strong return on equity compared to its peers.
Investors can access more information about BXSL on the funds website (https://www.bxsl.com). By analyzing the funds portfolio composition, performance metrics, and KPIs, investors can make informed decisions about investing in BXSL.
BXSL Stock Overview
| Market Cap in USD | 6,813m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-28 |
BXSL Stock Ratings
| Growth Rating | 65.3% |
| Fundamental | 47.5% |
| Dividend Rating | 93.8% |
| Return 12m vs S&P 500 | -12.5% |
| Analyst Rating | 4.11 of 5 |
BXSL Dividends
| Dividend Yield 12m | 13.09% |
| Yield on Cost 5y | 20.57% |
| Annual Growth 5y | 55.26% |
| Payout Consistency | 80.0% |
| Payout Ratio | 96.7% |
BXSL Growth Ratios
| Growth Correlation 3m | -65.8% |
| Growth Correlation 12m | 40.4% |
| Growth Correlation 5y | 88% |
| CAGR 5y | 16.50% |
| CAGR/Max DD 3y | 0.82 |
| CAGR/Mean DD 3y | 5.98 |
| Sharpe Ratio 12m | 1.00 |
| Alpha | -12.22 |
| Beta | 0.795 |
| Volatility | 15.69% |
| Current Volume | 1643.6k |
| Average Volume 20d | 1128.3k |
| Stop Loss | 27.7 (-3.1%) |
| Signal | -0.40 |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (619.0m TTM) > 0 and > 6% of Revenue (6% = 60.9m TTM) |
| FCFTA -0.18 (>2.0%) and ΔFCFTA -22.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.54% (prev 25.23%; Δ -16.68pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.09 (>3.0%) and CFO -1.22b <= Net Income 619.0m (YES >=105%, WARN >=100%) |
| Net Debt (6.90b) to EBITDA (949.4m) ratio: 7.27 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.35 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (228.2m) change vs 12m ago 17.68% (target <= -2.0% for YES) |
| Gross Margin 65.22% (prev 86.37%; Δ -21.15pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.96% (prev 8.69%; Δ -0.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 2.80 (EBITDA TTM 949.4m / Interest Expense TTM 352.8m) >= 6 (WARN >= 3) |
Altman Z'' 0.67
| (A) 0.01 = (Total Current Assets 331.2m - Total Current Liabilities 244.5m) / Total Assets 13.71b |
| (B) 0.02 = Retained Earnings (Balance) 279.0m / Total Assets 13.71b |
| (C) 0.08 = EBIT TTM 987.5m / Avg Total Assets 12.74b |
| (D) 0.04 = Book Value of Equity 279.2m / Total Liabilities 7.42b |
| Total Rating: 0.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 47.47
| 1. Piotroski 2.50pt = -2.50 |
| 2. FCF Yield -17.98% = -5.0 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.18 = 1.84 |
| 5. Debt/Ebitda 7.82 = -2.50 |
| 6. ROIC - WACC 2.55% = 3.19 |
| 7. RoE 10.19% = 0.85 |
| 8. Rev. Trend 14.38% = 0.72 |
| 9. Rev. CAGR 4.30% = 0.54 |
| 10. EPS Trend -10.03% = -0.25 |
| 11. EPS CAGR 5.83% = 0.58 |
What is the price of BXSL shares?
Over the past week, the price has changed by -1.95%, over one month by -4.54%, over three months by -6.03% and over the past year by +3.52%.
Is Blackstone Secured Lending a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BXSL is around 33.13 USD . This means that BXSL is currently undervalued and has a potential upside of +15.88% (Margin of Safety).
Is BXSL a buy, sell or hold?
- Strong Buy: 4
- Buy: 2
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the BXSL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 31.6 | 10.6% |
| Analysts Target Price | 31.6 | 10.6% |
| ValueRay Target Price | 35.7 | 25% |
Last update: 2025-09-04 04:33
BXSL Fundamental Data Overview
CCE Cash And Equivalents = 186.6m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 10.5303
P/E Forward = 9.6339
P/S = 4.8716
P/B = 1.0808
Beta = 0.484
Revenue TTM = 1.01b USD
EBIT TTM = 987.5m USD
EBITDA TTM = 949.4m USD
Long Term Debt = 7.18b USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 244.5m USD (from totalCurrentLiabilities, last quarter)
Debt = 7.42b USD (Calculated: Short Term 244.5m + Long Term 7.18b)
Net Debt = 6.90b USD (from netDebt column, last quarter)
Enterprise Value = 14.05b USD (6.81b + Debt 7.42b - CCE 186.6m)
Interest Coverage Ratio = 2.80 (Ebit TTM 987.5m / Interest Expense TTM 352.8m)
FCF Yield = -17.98% (FCF TTM -2.53b / Enterprise Value 14.05b)
FCF Margin = -249.0% (FCF TTM -2.53b / Revenue TTM 1.01b)
Net Margin = 61.02% (Net Income TTM 619.0m / Revenue TTM 1.01b)
Gross Margin = 65.22% ((Revenue TTM 1.01b - Cost of Revenue TTM 352.8m) / Revenue TTM)
Tobins Q-Ratio = 50.32 (Enterprise Value 14.05b / Book Value Of Equity 279.2m)
Interest Expense / Debt = 1.14% (Interest Expense 84.6m / Debt 7.42b)
Taxrate = 2.05% (14.5m / 708.6m)
NOPAT = 967.3m (EBIT 987.5m * (1 - 2.05%))
Current Ratio = 1.35 (Total Current Assets 331.2m / Total Current Liabilities 244.5m)
Debt / Equity = 1.18 (Debt 7.42b / last Quarter total Stockholder Equity 6.29b)
Debt / EBITDA = 7.82 (Net Debt 6.90b / EBITDA 949.4m)
Debt / FCF = -2.94 (Debt 7.42b / FCF TTM -2.53b)
Total Stockholder Equity = 6.08b (last 4 quarters mean)
RoA = 4.51% (Net Income 619.0m, Total Assets 13.71b )
RoE = 10.19% (Net Income TTM 619.0m / Total Stockholder Equity 6.08b)
RoCE = 7.45% (Ebit 987.5m / (Equity 6.08b + L.T.Debt 7.18b))
RoIC = 7.41% (NOPAT 967.3m / Invested Capital 13.06b)
WACC = 4.86% (E(6.81b)/V(14.24b) * Re(8.94%)) + (D(7.42b)/V(14.24b) * Rd(1.14%) * (1-Tc(0.02)))
Shares Correlation 3-Years: 87.88 | Cagr: 2.99%
Discount Rate = 8.94% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow -2.53b)
Revenue Correlation: 14.38 | Revenue CAGR: 4.30%
Rev Growth-of-Growth: -0.26
EPS Correlation: -10.03 | EPS CAGR: 5.83%
EPS Growth-of-Growth: -51.62
Additional Sources for BXSL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle