BLXBLADEX, INC.
Commercial Banks, NEC
- Revenue
- —
- Operating margin
- —
- EBITDA
- $115M
- 45% YoY
- Market cap
- $1.8B
- Employees
- —
- Net debt / EBITDA
- 5.8×
- $664M net debt
- AI in 10-K
- —
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo159% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo32% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo5.8× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$1.8B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$178K netNet sales over $10M in 12 months
Financials
| Metric | FY2010 | FY2011 | FY2012 | FY2013 | FY2014 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $35M | $89M | $76M | $79M | $115M | 45% |
| Net income | $42M | $83M | $93M | $85M | $107M | 26% |
| Operating cash flow | $69M | $180M | $97M | $55M | $170M | 212% |
| Capex | $1M | $2M | $11M | $476K | $150K | 68% |
| Stock-based comp | $2M | $2M | $2M | $3M | $2M | 25% |
| Buybacks | $3K | $0 | $0 | $27K | $640K | 2270% |
| Dividends | $23M | $30M | $40M | $46M | $54M | 18% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $178K · 2
- Open-market sells, 12 mo
- $0 · 0
- Net
- $178K
Pay vs performance
No pay-versus-performance disclosure yet.