Bull Rankings model

Bullish (BLSH) stock analysis

Software - Infrastructure. Scored on the same transparent model behind the daily rankings.

★
BLSH
Bullish · Software - Infrastructure
19.8Score
$32.59Oct 9 close$4.9B
1Y Target$41.09Analyst consensus · 11 analysts
5Y Target$71.87Compound horizon
10Y Target$128.44Long-dated conviction
FCF$111mTTM · 06/26
C
FCF $111m — modest; watch for margin expansion · Trailing twelve months to 06/26 (operating cash flow − capex).
Rev-2.1%FY YoY
D+
Revenue -2.1% — shrinking; needs a catalyst to reverse · Computed from the last two annual revenue figures (FY YoY).
D/E0.21
B
D/E 0.21 — near the Technology debt median (≈60th pctile)
P/S*16.4x
C
P/S 16.4x — expensive vs Technology peers (≈90th pctile)
PEG*—
—
PEG n/a — no positive earnings to base it on

* P/S replaces P/E — no positive earnings to divide by

* PEG n/a — no positive earnings to base it on

Targets: 1-year is analyst consensus where covered, 5- and 10-year are model estimates; the DCF is a cross-check, not a target. Methodology

Quality-growth score · 19.8
Quality38.4
Growth14.3
Value14.3
Why this score
  • Diluting shareholders
  • Short track record
Entry · Margin of safety
52-week rangeNear 52-week low
48% off the 12-month high
vs DCF fair value91% aboveest. fair value ~$17
What the price assumes: free cash flow growing about 32% next year, slowing to 4% a year by year ten — vs a starting rate of ~25% our model takes as the middle of three readings — analyst estimates, last year's revenue growth, and the company's own multi-year record.

Model-generatedFrom reported fundamentals, checked against the figures above · Editorial standards

Why now
Software - Infrastructure · market cap $4.9b. Down 48% from 52-week high of $62.09 — deep drawdown territory. 11 sell-side analysts rate this a Buy with a mean 1-yr target of $41.09 (implying +26% upside).
Moat
Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Down 48% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. P/S 16.4x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. ROE -57% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
Horizon
1-3 yr $41.09 (11-analyst consensus) — catalyst-driven; binary events dominate. 5 yr $71.87 — requires the platform / technology to reach commercial scale. 10 yr $128.44 — return distribution heavily skewed.

BLSH vs the Top Picks average

PillarBLSHBook avgDiff
Quality3883-45
Growth1489-75
Value1476-62

Average of today's Top 30 (mean score 82.6); size and sector limits also decide the book.

Trend
-15.2 over 82 daily scores
From 35.0 (Jun 22) → 19.8 (now)

One point per daily run; read From → To for the actual range.

BLSH at a glance

THE BULL RANKINGS SCORECARD19.8/ 100 · BULL SCOREPEER MEDIANQUALITY38.4GROWTH14.3VALUE14.3Reverse-DCF · Price implies ~32% growth a year from here.
PRICE vs OUR DCF FAIR VALUE$13.1$25.1FAIR-VALUE RANGE$32.6PRICEOur DCF fair value ~$17 · price $32.6 is 91% above it.
WHERE THIS SCORE SITS0255075100BLSH 19.8Ranks above 8% of 1,709 companies on the quality-growth score.
ONE-YEAR MOVE VS ITS BETAFLATThis stock-48%Trailing one-year price change. Price history is not an inputto the Bull Rankings score.

Same audited fundamentals as the score, unless a card says otherwise.

Analyst estimate revisions

30-day change+3.6%
90-day change-17.1%
Forward EPS estimate$0.73

Over the last 90 days, what analysts expect BLSH to earn is materially lower (-17.1%). The estimate is derived from price and forward P/E captured at the same instant, so a moving share price does not move this number — only a changed forecast does.

Estimates move both ways and are not part of the Bull Rankings score. Biggest movers →

Shares to buy
61
Position size
$1,988
4.0% of portfolio
Stop price
$24.44
25% below $32.59
$ at risk if stopped
$497.00
budget $500.00 · 1% of portfolio

Math only: excludes commissions, slippage and gap risk. Inputs stay in your browser.

Bullish (BLSH): score, valuation & FAQ

Bullish (BLSH) is a Software - Infrastructure company that scores 19.8 out of 100 on the Bull Rankings quality-growth model — a weak reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

The model flags Rev (D+) as weaker areas. On valuation, BLSH sits about 91% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 32% next year, slowing to 4% a year by year ten.

Is BLSH a good stock to buy?

Bull Rankings scores BLSH 19.8 out of 100 on its quality-growth model, which is a weak reading. A score is a quantitative screen of Bullish's fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does BLSH score 19.8 on Bull Rankings?

The score leans on quality at 38.4 out of 100, with growth the weakest pillar at 14.3 — the three combine geometrically, so a weak one cannot be papered over by a strong one. BLSH grades middle-of-pack across the graded signals, and is held back by Rev (D+). Each signal is graded against sector-aware thresholds rather than one absolute bar, so BLSH is measured against Software - Infrastructure peers, not against the market as a whole.

Is BLSH overvalued or undervalued?

Based on $32.59, BLSH sits about 91% above our discounted-cash-flow fair value — the current price implies free cash flow growing about 32% next year, slowing to 4% a year by year ten. Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.

What are the main risks of investing in BLSH?

Down 48% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. P/S 16.4x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. ROE -57% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.

New to these metrics? See the guides and the methodology.

More Software stocks by score

All Technology rankings →

Analyze another ticker →