BX

Blackstone Group Inc (The) - Ordinary Shares - Class A

Finance/Real Estate


Presented:05/20/2021
Price:$89.15
Cap:$104.75B
Current Price:$156.32
Cap:$190.93B

Presented

Date05/20/2021
Price$89.15
Market Cap$104.75B
Ent Value$65.39B
P/E Ratio16.3x
Book Value$6.64
Div Yield3.02%
Shares O/S1,174.95M
Ave Daily Vol3,122,270
Short Int1.24%

Current

Price$156.32
Market Cap$190.93B
The Blackstone Group, Inc. engages in the provision of investment and fund management services. It operates through the following segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit. The Private Equity segment consists of flagship corporate private equity funds, Blackstone Capital Partners funds, sector-focused corporate private equity funds, including energy-focused funds, Blackstone Energy Partners funds, and core private equity fund, Blackstone Core Equity Partners. The Real Estate segment includes management of core real estate fund and non-exchange traded restate investment trusts. The Hedge Fund Solutions segment comprises of Blackstone Alternative Asset Management, which manages hedge funds and includes Indian-focused and Asian-focused closed-end mutual funds. The Credit segment includes GSO Capital Partners LP, which manages credit-oriented funds. The company was founded by Stephen Allen Schwarzman in 1985 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: The Blackstone Group Inc (BX)

Highlights

The presenter is long shares of The Blackstone Group Inc (BX) and although the stock has had quite a run recently, he believes investors don’t fully appreciate the company’s efforts to diversify its earnings streams and grow the proportion of its AUM within perpetual capital vehicles which has changed its intrinsic value creation algorithm. Over a three-to-five-year time horizon he believes BX can reach a share price of ~$180/share, a double from where it currently trades at ~$90/share. If other investors begin to understand the changes in BX’s intrinsic value algorithm, it has the potential to accelerate that time frame.

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Idea Discussion

Commentor 1 - 2 weeks ago

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