A Business at a Glance
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Blue Line Protection Group, Inc.
BLPG
$413K
Mkt Cap
$0.05
+0.00%
Blue Line Protection Group, Inc. (BLPG) has a current P/E ratio of 5.0, compared to its historical median P/E of 2.3. The stock is currently considered Expensive based on its historical valuation range.
Blue Line Protection Group, Inc. (BLPG) has a 5-year average return on invested capital (ROIC) of 32.7%. This indicates strong capital allocation and a potential competitive advantage.
Blue Line Protection Group, Inc. (BLPG) has a market capitalization of $413K. It is classified as a small-cap stock.
Blue Line Protection Group, Inc. (BLPG) does not currently pay a regular dividend.
Based on historical P/E analysis, Blue Line Protection Group, Inc. (BLPG) appears expensive. The current P/E of 5.0 is 116% above its historical median of 2.3. The estimated fair value CAGR (P/E method) is -29.8%.
Blue Line Protection Group, Inc. (BLPG) operates in the Retail-Miscellaneous Retail industry, within the Consumer Cyclical sector.
ITEM 1. DESCRIPTION OF BUSINESS We were originally incorporated in Nevada on September 11, 2006, under the name The Engraving Masters, Inc. (the “Company”). On May 2, 2014, we changed our name to Blue Line Protection Group, Inc. On February 8, 2021, our directors approved a 100-for-1 reverse split of our common stock. The reverse stock split became effective in the public market in July 2021. We provide armed protection and transportation, currency processing and training, and compliance services for businesses engaged in the legal cannabis industry. During the year ended December 31, 2024 approximately 53% of our revenue was derived from transportation services. The remaining 47% of our revenue was derived from currency processing services (46%) and compliance services (1%). Our operations are based out of the Denver, Colorado and Phoenix, Arizona metropolitan areas. Our corporate headquarters are located at 5765 Logan Street, Denver, CO 80216.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 4.3M | 4.4M | 4.4M | 3.9M | 4.7M | 4.1M |
| Net Income | 88K | 242K | 351K | -295K | 1.8M | -935K |
| EPS | $0.00 | $0.01 | $0.02 | $-0.04 | $0.14 | $-1,200.00 |
| Free Cash Flow | 113K | 262K | 628K | 336K | 837K | 424K |
| ROIC | 13.8% | 24.3% | 27.7% | 4.6% | 67.1% | 40.0% |
| Gross Margin | 62.4% | 63.6% | 65.0% | 67.0% | 72.4% | 70.9% |
| Debt/Equity | 0.00 | -1.58 | -1.01 | -0.55 | -0.42 | -0.15 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 186K | 345K | 763K | 81K | 1.3M | 793K |
| Operating Margin | 4.4% | 7.9% | 17.3% | 2.1% | 27.0% | 19.2% |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 8M | 8M | 8M | 7M | 13M | 0M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 0 | N/A | 2.6M | 2.8M | 3.9M | 4.1M | 4.1M | 4.1M | 4.7M | 3.9M | 4.4M | 4.4M | 4.3M |
| Gross Margin | N/A | N/A | 15.0% | 14.2% | 24.8% | 33.0% | 48.4% | 70.9% | 72.4% | 67.0% | 65.0% | 63.6% | 62.4% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 101K | 3.4M | 1.5M | 2.0M | 1.9M | 2.1M | 2.3M | 2.1M | 2.1M | 2.5M | 2.1M | 2.4M | 2.5M |
| EBIT | -15K | -3.3M | -1.2M | -2.0M | -1.0M | -828K | -309K | 793K | 1.3M | 81K | 763K | 345K | 186K |
| Op. Margin | N/A | N/A | -45.1% | -71.0% | -26.6% | -20.4% | -7.5% | 19.2% | 27.0% | 2.1% | 17.3% | 7.9% | 4.4% |
| Net Income | -102K | -3.1M | -1.3M | -2.6M | -2.7M | -1.3M | -1.6M | -935K | 1.8M | -295K | 351K | 242K | 88K |
| Net Margin | N/A | N/A | -50.2% | -90.4% | -68.7% | -30.9% | -39.0% | -22.6% | 37.6% | -7.6% | 8.0% | 5.5% | 2.1% |
| Non-Recurring | 0 | 0 | 0 | 312K | 0 | -4K | 0 | 0 | 0 | 0 | 1K | 40K | 40K |
| Returns on Capital | |||||||||||||
| ROIC | N/M | N/M | -173.0% | N/M | -194.2% | -84.6% | -14.6% | 40.0% | 67.1% | 4.6% | 27.7% | 24.3% | 13.8% |
| ROE | N/A | -1629.7% | -1052.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | -5982.5% | -373.7% | -84.1% | -280.5% | -685.6% | -210.2% | -131.6% | -59.6% | 93.6% | -21.3% | 18.9% | 15.0% | 6.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -99K | -443K | -683K | -1.5M | -723K | -856K | -336K | 463K | 903K | 369K | 746K | 270K | 115K |
| Free Cash Flow | -100K | -630K | -686K | -1.5M | -755K | -1.1M | -423K | 424K | 837K | 336K | 628K | 262K | 113K |
| Owner Earnings | -100K | -3.5M | -1.3M | -1.8M | -889K | -1.1M | -714K | 337K | 769K | -91K | 578K | 26K | -125K |
| CapEx | 2K | 187K | 3K | 28K | 32K | 217K | 87K | 39K | 66K | 34K | 117K | 7K | 3K |
| Maint. CapEx | 2K | 29K | 42K | 115K | 166K | 194K | 326K | 126K | 134K | 133K | 117K | 80K | 78K |
| Growth CapEx | 0 | 158K | 0 | 0 | 0 | 22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2K | 29K | 42K | 115K | 166K | 194K | 326K | 126K | 134K | 133K | 117K | 80K | 78K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.5% | 7.3% | 9.1% | 15.7% | N/A | 2.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 0 | 3.1M | 545K | 248K | 0 | 52K | 52K | 0 | 0 | 328K | 50K | 163K | 163K |
| Debt Repayment | 0 | 0 | 0 | 168K | 191K | 4K | 75K | 75K | 146K | 313K | 64K | 275K | 275K |
| Balance Sheet | |||||||||||||
| Net Debt | 0 | 263K | 674K | 532K | 657K | 414K | 1.1M | 317K | -217K | 484K | 218K | 297K | -341K |
| Cash & Equiv. | 3K | 212K | 16K | 0 | 38K | 16K | 45K | 245K | 662K | 280K | 586K | 351K | 816K |
| Long-Term Debt | 0 | 17K | 13K | 9K | 7K | 0 | 0 | 2K | 16K | 38K | 16K | 16K | 16K |
| Debt/Equity | -1.37 | 1.76 | -5.14 | -0.41 | -0.17 | -0.13 | -0.25 | -0.15 | -0.42 | -0.55 | -1.01 | -1.58 | 0.00 |
| Interest Coverage | N/A | -293.4 | -14.0 | -4.6 | -2.7 | -0.6 | -0.4 | 1.1 | 2.2 | 0.4 | 3.1 | 1.9 | 1.1 |
| Equity | -1K | 384K | -134K | -1.3M | -4.1M | -3.4M | -4.4M | -5.4M | -2.6M | -1.9M | -1.4M | -633K | -606K |
| Total Assets | 3K | 1.7M | 1.5M | 355K | 419K | 773K | 1.7M | 1.6M | 1.9M | 1.4M | 1.9M | 1.4M | 1.3M |
| Total Liabilities | 4K | 1.3M | 1.6M | 1.6M | 4.5M | 4.2M | 6.1M | 6.9M | 4.5M | 3.3M | 3.2M | 2.0M | 2.0M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -102K | -3.2M | -4.5M | -7.0M | -9.6M | -11M | -12M | -13M | -12M | -12M | -12M | -11M | -11M |
| Working Capital | -1K | -212K | -1.4M | -1.4M | -4.2M | -3.8M | -4.9M | -5.8M | -1.7M | -1.2M | -962K | -462K | -489K |
| Current Assets | 3K | 378K | 162K | 220K | 269K | 338K | 394K | 600K | 1.0M | 685K | 988K | 706K | 753K |
| Current Liabilities | 4K | 590K | 1.6M | 1.6M | 4.5M | 4.1M | 5.3M | 6.4M | 2.7M | 1.9M | 2.0M | 1.2M | 1.2M |
| Per Share Data | |||||||||||||
| EPS | 0.00 | -300.00 | -100.00 | -200.00 | -200.00 | -100.00 | 0.00 | -1,200.00 | 0.14 | -0.04 | 0.02 | 0.01 | 0.00 |
| Owner EPS | -9.38 | -340.57 | -96.51 | -143.78 | -66.96 | -29.94 | -9.00 | 432.43 | 0.06 | -0.01 | 0.07 | 0.00 | -0.02 |
| Book Value | -0.14 | 36.96 | -10.20 | -100.91 | -305.95 | -91.81 | -56.03 | -6,884.97 | -0.21 | -0.26 | -0.17 | -0.08 | -0.07 |
| Cash Flow/Share | -9.24 | -42.67 | -51.89 | -115.28 | -54.48 | -23.24 | -4.24 | 594.82 | 0.07 | 0.05 | 0.09 | 0.03 | 0.02 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.0M | 0.1M | 0.0M | 12.5M | 7.4M | 8.3M | 8.3M | 8.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.3 | N/A | 2.4 | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0 | 4.8 | 3.8 | 0.9 | N/A | 3.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 | 2.7 | 12.9 | 0.3 | N/A | 0.4 |
| Price/Book | N/A | 0.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | 0.1 | 0.0 | 0.0 | 0.0 | N/A | 0.1 | 2.5 | 0.5 | 0.3 | N/A | 0.1 |
| FCF Yield | N/A | -263.6% | -1738.4% | -3263.5% | -1829.5% | -10931.7% | N/A | 83.7% | 21.0% | 26.1% | 76.1% | N/A | 27.4% |
| Market Cap | N/A | 239K | 39K | 46K | 41K | 10K | 0 | 506K | 4.0M | 1.3M | 825K | 0 | 413K |
| Avg. Price | N/A | 63.39 | 10.36 | 3.19 | 2.50 | 2.77 | 0.00 | 0.04 | 0.95 | 0.26 | 0.12 | 0.00 | 0.05 |
| Year-End Price | N/A | 23.00 | 3.00 | 3.60 | 3.11 | 0.21 | 0.00 | 0.06 | 0.32 | 0.17 | 0.07 | 0.00 | 0.05 |
Blue Line Protection Group, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Blue Line Protection Group, Inc. trades at 5.0x trailing earnings, compared to its 15-year median P/E of 2.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 1.6x vs a median of 2.4x. The company's 5-year average ROIC is 32.7% with a gross margin of 67.8%. At current prices, the estimated annualized return to fair value is -2.6%.
Blue Line Protection Group, Inc. (BLPG) reported annual revenue of $4 million in its most recent fiscal year, based on SEC EDGAR filings.
Blue Line Protection Group, Inc. (BLPG) has a net profit margin of 5.5%. This is a modest margin.
Blue Line Protection Group, Inc. (BLPG) generated $262 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Blue Line Protection Group, Inc. (BLPG) reported earnings per share (EPS) of $0.01 in its most recent fiscal year.
Blue Line Protection Group, Inc. (BLPG) has a 5-year average gross margin of 67.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Blue Line Protection Group, Inc. (BLPG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Blue Line Protection Group, Inc. (BLPG) has a book value per share of $-0.08, based on its most recent annual SEC filing.
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