Financials Blackstone Secured Lending Fund

Equities

BXSL

US09261X1028

Investment Management & Fund Operators

Real-time Estimate Cboe BZX 04:00:02 2024-05-28 pm EDT 5-day change 1st Jan Change
30.72 USD -0.60% Intraday chart for Blackstone Secured Lending Fund +0.68% +11.83%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025
Capitalization 1 3,572 4,800 5,922 5,922 -
Enterprise Value (EV) 1 8,968 10,196 10,798 11,835 12,585
P/E ratio 7.01 x 11.3 x 8.31 x 8.53 x 9.32 x
Yield 9.08% 10.5% 9.43% 9.98% 9.98%
Capitalization / Revenue 5.72 x 5.64 x 5.23 x 4.69 x 4.55 x
EV / Revenue 14.4 x 12 x 9.53 x 9.36 x 9.67 x
EV / EBITDA - - - - -
EV / FCF - - - - -
FCF Yield - - - - -
Price to Book 0.85 x 1.07 x 1.16 x 1.12 x 1.11 x
Nbr of stocks (in thousands) 159,823 173,649 191,601 191,601 -
Reference price 2 22.35 27.64 30.91 30.91 30.91
Announcement Date 2/28/22 2/27/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025
Net sales 1 624.7 850.3 1,133 1,264 1,302
EBITDA - - - - -
EBIT 354.1 - - 674 -
Operating Margin 56.69% - - 53.32% -
Earnings before Tax (EBT) - - - - 748.5
Net income 1 460.4 404.6 618.5 704.5 680.6
Net margin 73.7% 47.58% 54.61% 55.73% 52.28%
EPS 2 3.190 2.440 3.718 3.625 3.317
Free Cash Flow - - - - -
FCF margin - - - - -
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 2.030 2.910 2.916 3.086 3.085
Announcement Date 2/28/22 2/27/23 - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025
Net Debt 1 5,396 5,396 4,875 5,912 6,662
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - - - -
Free Cash Flow - - - - -
ROE (net income / shareholders' equity) 9.12% 11.2% 14.6% 13% 11.9%
ROA (Net income/ Total Assets) 4.36% 4.82% 6.5% 6.31% 5.63%
Assets 1 10,558 8,399 9,516 11,172 12,092
Book Value Per Share 2 26.30 25.90 26.70 27.50 27.90
Cash Flow per Share - - - - -
Capex - - - - -
Capex / Sales - - - - -
Announcement Date 2/28/22 2/27/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
30.91 USD
Average target price
32.38 USD
Spread / Average Target
+4.74%
Consensus

Annual profits - Rate of surprise

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