Blue Owl Capital Inc.

OWL

Investment Advice

Mkt Cap

$9.549B

PE

134.27

Debt

$2.072B

Cash

$155.8M

EV

$11.47B

FCF

$807M

Market Cap

$9.549B

P/E Ratio

134.27

Debt

$2.072B

Cash

$155.8M

EV

$11.47B

FCF

$807M

Charts data: {"Earnings":[{"time":"2019-12-30","value":20465000},{"time":"2020-12-30","value":-82441000},{"time":"2022-12-30","value":-40235000},{"time":"2023-12-30","value":54343000}],"Sales":[{"time":"2019-12-30","value":190850000},{"time":"2020-12-30","value":249815000},{"time":"2022-12-30","value":1369722000},{"time":"2023-12-30","value":1731608000}],"Net Margins":[{"time":"2019-12-30","value":0.10723080953628504},{"time":"2020-12-30","value":-0.33000820607249365},{"time":"2022-12-30","value":-0.029374573818628888},{"time":"2023-12-30","value":0.03138296889365261}],"Assets":[{"time":"2020-12-30","value":276316182},{"time":"2022-12-30","value":8893075000},{"time":"2023-12-30","value":8817621000}],"Stockholders Equity":[{"time":"2019-12-30","value":-350497000},{"time":"2020-12-30","value":5000001},{"time":"2022-12-30","value":5548886000},{"time":"2023-12-30","value":5277931000}],"ROE":[{"time":"2019-12-30","value":-0.058388516877462576},{"time":"2020-12-30","value":-16.48819670236066},{"time":"2022-12-30","value":-0.007251004976494381},{"time":"2023-12-30","value":0.01029626950409166}],"ROA":[{"time":"2020-12-30","value":-0.29872662325654165},{"time":"2022-12-30","value":-0.005579060111378798},{"time":"2023-12-30","value":0.0279422306765056}]}

Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.

Sector

10-Q
9/30/23
10-Q
6/30/23
10-Q
3/31/23
10-K
12/31/22
10-Q
9/30/22
10-Q
6/30/22
10-Q
3/31/22
10-K
12/31/21
10-Q
9/30/21
10-Q
6/30/21
10-Q
3/31/21
10-K
12/31/20
10-Q
9/30/20

DCF

Discounted Cash Flow Valuation of Blue Owl Capital Inc.

Calculate

Growth Years

Growth

Start

End

Discount

Start

End

Multiple

g\r	+10%	+11%	+12%	+13%	+14%
0%	10	9	8	8	7
+1%	11	10	9	8	8
+2%	13	11	10	9	8
+3%	14	13	11	10	9
+4%	17	14	12	11	10

Years	0	1	2	3	4	5	6	7	8	9	10	TV
FCF	$807M	$1.049B	$1.335B	$1.661B	$2.021B	$2.403B	$2.79B	$3.162B	$3.495B	$3.767B	$3.956B	$39.56B
DCF		$912.3M	$1.009B	$1.092B	$1.155B	$1.194B	$1.206B	$1.189B	$1.143B	$1.071B	$977.7M	$9.777B
Value	$20.73B

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth -88%

Earnings Stability -52%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

The Net Margin is too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Over time the ROA has been increasing indicating a higher marginal ROA with respect to the calculated one, giving a good sign for continued growth.

Years	12-2019	12-2020	12-2022	12-2023	TTM
Net Margin	11%	-33%	-2.9%	3.1%	4%
ROA	-	-30%	-0.56%	2.8%	3.6%
ROE	-5.8%	-1.6K%	-0.73%	1%	1.4%

What is the average Net Margin?

The average Net Margin over the past 5 years is +0.1%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +6.08%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +1.12%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +3.35%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +0.15%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +1.75%.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Under the assumption that FCF does not diminish and debt does not increase, the current years to repay the debt are acceptable.

Data are missing

Years	12-2019	12-2020	12-2022	12-2023	TTM
Debt FCF	-	-	-	1.91	2.57
Debt Equity	-	71.29	0.29	0.32	0.40
MIN
Graham Stability	-	-	-	-	-

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 2.57.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at -.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Data are missing

Years	12-2019	12-2022	Trend
Revenue	110%	26%	-2.2%
Net Income	38%	-	-
Stockholders Equity	-	-4.9%	-110K%
FCF	170%	33%	61%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -2.24%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is -.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is -.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is -.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -110.88K%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +61.13%.