BlackLine, Inc. logo BL - BlackLine, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 12
SELL 2
STRONG
SELL
0
| PRICE TARGET: $42.00 DETAILS
HIGH: $50.00
LOW: $32.00
MEDIAN: $40.00
CONSENSUS: $42.00
UPSIDE: 45.33%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Distressed or Transitioning 75% confidence

Primary model: Current FCF × Depressed Multiple

Valuation Signal Overvalued Moderate
Trading 38.8% above fair value
Current Price $28.90
Bear Case $12.48 56.8% downside ($12.48 - $28.90) / $28.90 = -56.8% FCF continues to decline, 4x multiple
Fair Value $20.82 28.0% downside ($20.82 - $28.90) / $28.90 = -28.0% Current FCF stabilizes, 6x multiple
Bull Case $29.14 0.8% upside ($29.14 - $28.90) / $28.90 = 0.8% Credible recovery, multiple re-rates to 8x

Adjust Assumptions

6.0x

Key Value Driver

Whether the core business model is intact or structurally impaired

Implied Market Multiple 11.5x

Plain-Language Summary

Our base-case estimate uses Current FCF × Depressed Multiple. We then blend that result with the average analyst price target of $42.00 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $20.82 per share.

Warnings

Don't assume past cash flow levels will return — the company's troubles may have permanently reduced its ability to generate profits.
A stock can look cheap on paper and still lose half its value if the underlying business is permanently damaged.
The wide range between our best and worst cases is intentional — pretending to know a precise value for a troubled company would be misleading.
Wall Street's average price target is $42.00 (from 25 analysts). Our estimate is 67% below the consensus -- consider that gap carefully.

Key Risks

  • Bullish DCF projections are fundamentally unknowable for distressed companies
  • M&A speculation can floor the stock above intrinsic value temporarily
  • Management credibility is a key input — new CEO expands the bull case