Blackstone Long-Short Credit Income Fund
Blackstone Long-Short Credit Income Fund is a closed-end investment fund managed by Blackstone Credit & Insurance. The fund seeks to deliver current income, with capital appreciation as a secondary objective, by investing primarily in U.S. corporate credit instruments. Its portfolio typically includes secured loans, high-yield bonds, and other fixed-income securities, and it may use long and short positions to express credit views and manage risk. The fund focuses on non-investment-grade credit across a range of issuers and sectors, making it a specialized vehicle within the broader fixed-income market. Blackstone Long-Short Credit Income Fund is designed for investors seeking diversified exposure to actively managed credit strategies and monthly income generation through a disciplined, relative-value approach.
$10.48
-$0.01 (-0.10%)
EOD Oct 22, 2026
Revenue declined 40.8% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $79M represents 5.5x FCF, leverage limits flexibility.
14.7x earnings, 9.2x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$10M
▼ -40.8% YoY
Net Income (TTM)
$9M
▼ -44.8% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$14M
▲ +13.1% YoY
Op. Cash Flow (TTM)
$14M
▲ +13.1% YoY
Net Debt
$79M
Cash & Equiv.
$767K
3Y CAGR: -30.8%
Continue Research
Is Blackstone Long-Short Credit Income Fund (BGX) overvalued?
At a P/E of 14.7 and a price-to-free-cash-flow of 9.2, Blackstone Long-Short Credit Income Fund (BGX) trades around a two-stage DCF intrinsic value of about $13.56 per share, so at $10.48 the stock looks around fair value (29.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Blackstone Long-Short Credit Income Fund scores 30/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 9.9%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Blackstone Long-Short Credit Income Fund's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $13.56 per share for BGX, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $10.17. At today's $10.48, that puts the stock about 29.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Blackstone Long-Short Credit Income Fund a high-quality business?+
Blackstone Long-Short Credit Income Fund scores 30 out of 100 on Intrinsiqq's quality score, a weighted blend of 5 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Blackstone Long-Short Credit Income Fund (BGX) pay a dividend, and how much?+
Yes, Blackstone Long-Short Credit Income Fund pays a regular dividend of about $1.03 per share per year (typically in quarterly installments), a yield of roughly 9.9% at the current price. That is a payout ratio of about 145.1% of earnings, so the dividend is stretched at this level. Blackstone Long-Short Credit Income Fund has grown the dividend at roughly 1.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BGX's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Blackstone Long-Short Credit Income Fund a good stock to buy right now?+
That depends on valuation and quality together, not either alone. BGX currently trades around its estimated intrinsic value and scores 30/100 on quality (lower-quality). It also yields about 9.9%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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