(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 | 6,120m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2021-10-28 |
BXSL Stock Ratings
| Growth Rating | 47.7% |
| Fundamental | 42.0% |
| Dividend Rating | 95.3% |
| Return 12m vs S&P 500 | -17.7% |
| Analyst Rating | 4.11 of 5 |
BXSL Dividends
| Dividend Yield 12m | 11.86% |
| Yield on Cost 5y | 16.93% |
| Annual Growth 5y | 79.79% |
| Payout Consistency | 90.0% |
| Payout Ratio | 96.7% |
BXSL Growth Ratios
| Growth Correlation 3m | -97.7% |
| Growth Correlation 12m | -9.7% |
| Growth Correlation 5y | 87% |
| CAGR 5y | 15.64% |
| CAGR/Max DD 3y (Calmar Ratio) | 0.72 |
| CAGR/Mean DD 3y (Pain Ratio) | 4.18 |
| Sharpe Ratio 12m | 0.16 |
| Alpha | -12.37 |
| Beta | 0.440 |
| Volatility | 17.93% |
| Current Volume | 2301.9k |
| Average Volume 20d | 2540.7k |
| Stop Loss | 25.1 (-3.4%) |
| Signal | -0.65 |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (619.0m TTM) > 0 and > 6% of Revenue (6% = 60.9m TTM) |
| FCFTA -0.09 (>2.0%) and ΔFCFTA 2.36pp (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 (634.7m) ratio: 10.88 <= 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 1.80 (EBITDA TTM 634.7m / Interest Expense TTM 352.8m) >= 6 (WARN >= 3) |
Altman Z'' 0.48
| (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) 0.05 = EBIT TTM 634.7m / Avg Total Assets 12.74b |
| (D) 0.04 = Book Value of Equity 279.2m / Total Liabilities 7.42b |
| Total Rating: 0.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 41.99
| 1. Piotroski 2.50pt = -2.50 |
| 2. FCF Yield -9.35% = -4.68 |
| 3. FCF Margin data missing |
| 4. Debt/Equity 1.13 = 1.90 |
| 5. Debt/Ebitda 10.88 = -2.50 |
| 6. ROIC - WACC (= 0.58)% = 0.73 |
| 7. RoE 10.19% = 0.85 |
| 8. Rev. Trend 14.38% = 1.08 |
| 9. EPS Trend -57.65% = -2.88 |
What is the price of BXSL shares?
Over the past week, the price has changed by +2.69%, over one month by -2.91%, over three months by -17.55% and over the past year by -5.50%.
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 29.46 USD . This means that BXSL is currently undervalued and has a potential upside of +13.44% (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 | 31.5 | 21.3% |
| Analysts Target Price | 31.5 | 21.3% |
| ValueRay Target Price | 31.6 | 21.6% |
Last update: 2025-10-04 03:47
BXSL Fundamental Data Overview
P/E Trailing = 9.4591
P/E Forward = 9.2937
P/S = 4.376
P/B = 0.9732
Beta = 0.44
Revenue TTM = 1.01b USD
EBIT TTM = 634.7m USD
EBITDA TTM = 634.7m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 7.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.90b USD (from netDebt column, last quarter)
Enterprise Value = 13.02b USD (6.12b + Debt 7.09b - CCE 186.6m)
Interest Coverage Ratio = 1.80 (Ebit TTM 634.7m / Interest Expense TTM 352.8m)
FCF Yield = -9.35% (FCF TTM -1.22b / Enterprise Value 13.02b)
FCF Margin = -120.1% (FCF TTM -1.22b / 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)
Gross Margin QoQ = 66.79% (prev 65.13%)
Tobins Q-Ratio = 0.95 (Enterprise Value 13.02b / Total Assets 13.71b)
Interest Expense / Debt = 1.19% (Interest Expense 84.6m / Debt 7.09b)
Taxrate = 2.39% (3.80m / 158.8m)
NOPAT = 619.6m (EBIT 634.7m * (1 - 2.39%))
Current Ratio = 1.35 (Total Current Assets 331.2m / Total Current Liabilities 244.5m)
Debt / Equity = 1.13 (Debt 7.09b / totalStockholderEquity, last quarter 6.29b)
Debt / EBITDA = 10.88 (Net Debt 6.90b / EBITDA 634.7m)
Debt / FCF = -5.67 (negative FCF - burning cash) (Net Debt 6.90b / FCF TTM -1.22b)
Total Stockholder Equity = 6.08b (last 4 quarters mean from totalStockholderEquity)
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 = 4.71% (EBIT 634.7m / Capital Employed (Total Assets 13.71b - Current Liab 244.5m))
RoIC = 4.75% (NOPAT 619.6m / Invested Capital 13.06b)
WACC = 4.16% (E(6.12b)/V(13.21b) * Re(7.64%) + D(7.09b)/V(13.21b) * Rd(1.19%) * (1-Tc(0.02)))
Discount Rate = 7.64% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 16.68%
Fair Price DCF = unknown (Cash Flow -1.22b)
EPS Correlation: -57.65 | EPS CAGR: -56.54% | SUE: -4.0 | # QB: 0
Revenue Correlation: 14.38 | Revenue CAGR: 4.30% | SUE: -1.08 | # QB: 0
Additional Sources for BXSL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle