(BXSL) Blackstone Secured Lending - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US09261X1028
Stock: Loans, Securities, Income, Appreciation
Total Rating 17
Risk 51
Buy Signal -1.41
| Risk 5d forecast | |
|---|---|
| Volatility | 16.2% |
| Relative Tail Risk | 2.91% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.88 |
| Alpha | -31.87 |
| Character TTM | |
|---|---|
| Beta | 0.477 |
| Beta Downside | 0.647 |
| Drawdowns 3y | |
|---|---|
| Max DD | 24.01% |
| CAGR/Max DD | 0.42 |
EPS (Earnings per Share)
Revenue
Description: BXSL Blackstone Secured Lending March 04, 2026
Blackstone Secured Lending Fund (BXSL) operates as an externally managed business development company (BDC), a structure common for firms investing in private companies.
BXSL focuses on generating current income and some capital appreciation by originating loans, primarily first lien senior secured and unitranche loans, to small and middle-market U.S. companies. BDCs are required to distribute a significant portion of their income to shareholders.
The fund is structured as a Delaware statutory trust and has elected to be regulated as a BDC under the Investment Company Act of 1940. It also qualifies as a regulated investment company (RIC) for tax purposes, which typically means it avoids corporate-level taxation if it distributes most of its income.
To deepen your understanding of BXSLs investment strategy and performance, further research on platforms like ValueRay is recommended.
Headlines to watch out for
- Interest rate fluctuations impact loan profitability
- Credit quality of private loans affects income
- Regulatory changes for BDCs create compliance costs
- Economic downturns increase loan defaults
- Competition for private credit deals compresses yields
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 563.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 15.62 > 1.0 |
| NWC/Revenue: 8.86% < 20% (prev 10.49%; Δ -1.63% < -1%) |
| CFO/TA -0.00 > 3% & CFO -45.4m > Net Income 563.5m |
| Net Debt (7.79b) to EBITDA (679.5m): 11.46 < 3 |
| Current Ratio: 1.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (229.2m) vs 12m ago 5.43% < -2% |
| Gross Margin: 71.68% > 18% (prev 0.70%; Δ 7.10k% > 0.5%) |
| Asset Turnover: 6.81% > 50% (prev 7.78%; Δ -0.96% > 0%) |
| Interest Coverage Ratio: 0.96 > 6 (EBITDA TTM 679.5m / Interest Expense TTM 539.1m) |
Altman Z'' 0.35
| A: 0.01 (Total Current Assets 395.3m - Total Current Liabilities 310.4m) / Total Assets 14.66b |
| B: 0.01 (Retained Earnings 197.2m / Total Assets 14.66b) |
| C: 0.04 (EBIT TTM 516.7m / Avg Total Assets 14.06b) |
| D: 0.02 (Book Value of Equity 197.4m / Total Liabilities 8.41b) |
| Altman-Z'' Score: 0.35 = B |
Beneish M
| DSRI: 0.93 (Receivables 105.7m/124.2m, Revenue 958.3m/1.05b) |
| GMI: 0.97 (GM 71.68% / 69.81%) |
| AQI: none (AQ_t none / AQ_t-1 none) |
| SGI: 0.91 (Revenue 958.3m / 1.05b) |
| TATA: 0.04 (NI 563.5m - CFO -45.4m) / TA 14.66b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of BXSL shares?
As of March 15, 2026, the stock is trading at USD 23.99 with a total of 2,791,392 shares traded.
Over the past week, the price has changed by -0.71%, over one month by -3.94%, over three months by -13.42% and over the past year by -15.96%.
Over the past week, the price has changed by -0.71%, over one month by -3.94%, over three months by -13.42% and over the past year by -15.96%.
Is BXSL a buy, sell or hold?
Blackstone Secured Lending has received a consensus analysts rating of 4.11.
Therefore, it is recommended to buy BXSL.
- StrongBuy: 4
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BXSL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 27.4 | 14.2% |
| Analysts Target Price | 27.4 | 14.2% |
BXSL Fundamental Data Overview March 12, 2026
P/E Trailing = 9.7398
P/E Forward = 8.3472
P/S = 3.9222
P/B = 0.8912
Revenue TTM = 958.3m USD
EBIT TTM = 516.7m USD
EBITDA TTM = 679.5m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 8.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.79b USD (from netDebt column, last quarter)
Enterprise Value = 13.36b USD (5.57b + Debt 8.08b - CCE 289.6m)
Interest Coverage Ratio = 0.96 (Ebit TTM 516.7m / Interest Expense TTM 539.1m)
EV/FCF = -29.12x (Enterprise Value 13.36b / FCF TTM -458.7m)
FCF Yield = -3.43% (FCF TTM -458.7m / Enterprise Value 13.36b)
FCF Margin = -47.86% (FCF TTM -458.7m / Revenue TTM 958.3m)
Net Margin = 58.80% (Net Income TTM 563.5m / Revenue TTM 958.3m)
Gross Margin = 71.68% ((Revenue TTM 958.3m - Cost of Revenue TTM 271.3m) / Revenue TTM)
Gross Margin QoQ = 94.40% (prev 63.00%)
Tobins Q-Ratio = 0.91 (Enterprise Value 13.36b / Total Assets 14.66b)
Interest Expense / Debt = 3.46% (Interest Expense 280.0m / Debt 8.08b)
Taxrate = 3.08% (3.90m / 126.6m)
NOPAT = 500.8m (EBIT 516.7m * (1 - 3.08%))
Current Ratio = 1.27 (Total Current Assets 395.3m / Total Current Liabilities 310.4m)
Debt / Equity = 1.29 (Debt 8.08b / totalStockholderEquity, last quarter 6.25b)
Debt / EBITDA = 11.46 (Net Debt 7.79b / EBITDA 679.5m)
Debt / FCF = -16.99 (negative FCF - burning cash) (Net Debt 7.79b / FCF TTM -458.7m)
Total Stockholder Equity = 6.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.01% (Net Income 563.5m / Total Assets 14.66b)
RoE = 9.00% (Net Income TTM 563.5m / Total Stockholder Equity 6.26b)
RoCE = 3.60% (EBIT 516.7m / Capital Employed (Total Assets 14.66b - Current Liab 310.4m))
RoIC = 3.63% (NOPAT 500.8m / Invested Capital 13.81b)
WACC = 5.12% (E(5.57b)/V(13.65b) * Re(7.67%) + D(8.08b)/V(13.65b) * Rd(3.46%) * (1-Tc(0.03)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 16.93%
[DCF] Fair Price = unknown (Cash Flow -458.7m)
EPS Correlation: 25.26 | EPS CAGR: 7.50% | SUE: 0.23 | # QB: 0
Revenue Correlation: 77.35 | Revenue CAGR: 11.91% | SUE: -1.77 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.73 | Chg7d=-0.021 | Chg30d=-0.021 | Revisions Net=-6 | Analysts=9
EPS current Year (2026-12-31): EPS=2.88 | Chg7d=-0.055 | Chg30d=-0.055 | Revisions Net=-6 | Growth EPS=-10.9% | Growth Revenue=-2.6%
EPS next Year (2027-12-31): EPS=2.70 | Chg7d=-0.024 | Chg30d=-0.024 | Revisions Net=-1 | Growth EPS=-6.1% | Growth Revenue=-0.6%
[Analyst] Revisions Ratio: -1.00 (0 Up / 6 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -2.3% (Discount Rate 7.9% - Earnings Yield 10.3%)
[Growth] Growth Spread = +3.1% (Analyst 0.8% - Implied -2.3%)
P/E Forward = 8.3472
P/S = 3.9222
P/B = 0.8912
Revenue TTM = 958.3m USD
EBIT TTM = 516.7m USD
EBITDA TTM = 679.5m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 8.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.79b USD (from netDebt column, last quarter)
Enterprise Value = 13.36b USD (5.57b + Debt 8.08b - CCE 289.6m)
Interest Coverage Ratio = 0.96 (Ebit TTM 516.7m / Interest Expense TTM 539.1m)
EV/FCF = -29.12x (Enterprise Value 13.36b / FCF TTM -458.7m)
FCF Yield = -3.43% (FCF TTM -458.7m / Enterprise Value 13.36b)
FCF Margin = -47.86% (FCF TTM -458.7m / Revenue TTM 958.3m)
Net Margin = 58.80% (Net Income TTM 563.5m / Revenue TTM 958.3m)
Gross Margin = 71.68% ((Revenue TTM 958.3m - Cost of Revenue TTM 271.3m) / Revenue TTM)
Gross Margin QoQ = 94.40% (prev 63.00%)
Tobins Q-Ratio = 0.91 (Enterprise Value 13.36b / Total Assets 14.66b)
Interest Expense / Debt = 3.46% (Interest Expense 280.0m / Debt 8.08b)
Taxrate = 3.08% (3.90m / 126.6m)
NOPAT = 500.8m (EBIT 516.7m * (1 - 3.08%))
Current Ratio = 1.27 (Total Current Assets 395.3m / Total Current Liabilities 310.4m)
Debt / Equity = 1.29 (Debt 8.08b / totalStockholderEquity, last quarter 6.25b)
Debt / EBITDA = 11.46 (Net Debt 7.79b / EBITDA 679.5m)
Debt / FCF = -16.99 (negative FCF - burning cash) (Net Debt 7.79b / FCF TTM -458.7m)
Total Stockholder Equity = 6.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.01% (Net Income 563.5m / Total Assets 14.66b)
RoE = 9.00% (Net Income TTM 563.5m / Total Stockholder Equity 6.26b)
RoCE = 3.60% (EBIT 516.7m / Capital Employed (Total Assets 14.66b - Current Liab 310.4m))
RoIC = 3.63% (NOPAT 500.8m / Invested Capital 13.81b)
WACC = 5.12% (E(5.57b)/V(13.65b) * Re(7.67%) + D(8.08b)/V(13.65b) * Rd(3.46%) * (1-Tc(0.03)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 16.93%
[DCF] Fair Price = unknown (Cash Flow -458.7m)
EPS Correlation: 25.26 | EPS CAGR: 7.50% | SUE: 0.23 | # QB: 0
Revenue Correlation: 77.35 | Revenue CAGR: 11.91% | SUE: -1.77 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.73 | Chg7d=-0.021 | Chg30d=-0.021 | Revisions Net=-6 | Analysts=9
EPS current Year (2026-12-31): EPS=2.88 | Chg7d=-0.055 | Chg30d=-0.055 | Revisions Net=-6 | Growth EPS=-10.9% | Growth Revenue=-2.6%
EPS next Year (2027-12-31): EPS=2.70 | Chg7d=-0.024 | Chg30d=-0.024 | Revisions Net=-1 | Growth EPS=-6.1% | Growth Revenue=-0.6%
[Analyst] Revisions Ratio: -1.00 (0 Up / 6 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -2.3% (Discount Rate 7.9% - Earnings Yield 10.3%)
[Growth] Growth Spread = +3.1% (Analyst 0.8% - Implied -2.3%)