BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company was founded in 2001 and is based in Los Angeles, California.
BL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Blackline Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Blackline Inc ranked in the 100th percentile in terms of potential gain offered. Our DCF analysis implies the stock could yield a return of 68050.33% if fairly valued; such returns are always unlikely, though, so further investigation is likely warranted. As for the metrics that stood out in our discounted cash flow analysis of Blackline Inc, consider:
Interest coverage, a measure of earnings relative to interest payments, is -0.63 -- which is good for besting merely 22.9% of its peer stocks (US stocks in the Technology sector with positive cash flow).
Blackline Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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BlackLine, Inc. (BL) is a unique player in the world of digital transformation, providing applications for the financial close process. The company offers eight individual solutions for the finance department, including "Balance Sheet Integrity, Close Process Management, Accounting Process Automation, Finance Transformation, Intercompany Hub, and Smart Close." (Source: BlackLine) While...
According to a recent survey, more than half of US-based Finance & Accounting professionals are continuing to prioritize their organization's finance transformation goals even amid the current pandemic. The survey conducted by financial software provider BlackLine (BL) found that 53% of those surveyed saw little or no impact of the...
LOS ANGELES, Aug. 6, 2020 /PRNewswire/ -- Accounting automation software leader BlackLine, Inc. (Nasdaq: BL) today announced that the board of directors has elected Marc Huffman as chief executive officer, effective January 1st, 2021. Mr. Huffman currently serves as president and chief…