Blue Line Protection Group, Inc.

BLPG
About the company

Blue Line Protection Group, Inc. provides armed protection and transportation, currency processing, banking, and training and compliance services for businesses engaged in the legal cannabis industry in the United States. It offers shipment protection, money escort, and asset vaulting services; and financial services, such as handling transportation and storage of currency.

Country: United StatesPrice: $0.04Market Cap: $354,756

Investment snapshot

6%positive consensus
Scored 1d ago

Positive

1

BUY / PASS

Neutral / negative

4 / 11

NEUTRAL / FAIL

Median fair value

$0.15

+248.8% vs price

Models with upside

3 / 17

Positive margin of safety

Strongest signal

BLPG undervalued: all 3 models price fair value above $0.04 (median $0.15)

Key risk

No clean pass — all 8 investors flag at least one growth criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALFAILPASSNEUTRALFAILFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/A+71.3%N/AN/A+71.3%N/AN/AN/A+66.9%N/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Market data at 2026-11-01

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Qualitative assessment

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Annual history · FY 2024 · Price history 2025-01-01–2026-11-01

Latest source filing: 2025-03-31

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 3▾

    BLPG undervalued: all 3 models price fair value above $0.04 (median $0.15)

    Greenblatt fair value$0.15
    ✓Greenblatt+71.3% margin vs $0.04
    Munger fair value$0.15
    ✓Munger+71.3% margin vs $0.04
    Ackman fair value$0.13
    ✓Ackman+66.9% margin vs $0.04
  • Cash Flow60% pass✓ 8✗ 4▾

    6 of 10 pass — Buffett, Lynch, Marks +1 more object

    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    FCF Positive and Growing$0.3M
    ✗LynchPositive and growing
    Operating Cash Flow$0.3M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=19.89%, ROA=17.84%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)3.4x
    ✓Dreman< 8x
    P/E or FCF YieldP/E=4.3x, FCF Yield=74.0%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive5/12 years FCF positive
    ✗MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap28.4%
    ✓Ackman>= 4%
    Price / FCF per Share3.5x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency5/15 years positive
    ✗SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$0.3M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+73.99%; #70/4519 (top 1.5%)
    ✓OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Growth0% pass✓ 2✗ 11▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)P/E 4.3x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-58.5%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR-58.5% CAGR over 3 years
    ✗Dreman> 5% annualized
    Positive Net Income Frequency3/15 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-1.0%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR-58.5% CAGR over 3 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 67.0% -> 63.6%, operating margin 2.1% -> 7.9%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR1.1%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR-58.5% over 3 years
    ✗Neff7%-20% annualized
  • Debt & Leverage8% pass✓ 1✗ 14▾

    11 of 12 flag BLPG's debt & leverage — Graham, Buffett, Lynch +8 more

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 1.9x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities0.60
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=1.9x, D/EBITDA=N/A (D&A unavailable)
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Verdicts8% pass✓ 1✗ 11▾

    Split decision: 11 FAIL · 4 NEUTRAL · 1 PASS

    Overall verdict
    ✗GrahamFAIL (0/9)✗BuffettFAIL (1/9)✗LynchFAIL (1/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 6)✗DremanFAIL (2/11)✓MungerPASS (2/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (1/6)✗MarksFAIL (1/5)✗AckmanFAIL (3/9)✗TempletonFAIL (3/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)✗SchlossFAIL (0/7)•OshaughnessyNEUTRAL (Not ranked)
  • Efficiency13% pass✓ 2✗ 9▾

    7 of 8 flag BLPG's efficiency — Graham, Buffett, Greenblatt +4 more

    Current Ratio0.60
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-1358.2%
    ✗Buffett> 10%
    ROIC - WACC-1368.2%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
    ✗Greenblatt> 25%
    Current Ratio Change YoY0.51 -> 0.60
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY2.37x -> 3.22x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities0.60
    ✗Dreman> 1.5
    Return on Invested CapitalN/A (non-positive invested capital)
    ✗Munger> 15%
    ROIC (high and growing)FY2022: ROIC=unavailable; FY2023: ROIC=unavailable; FY2024: ROIC=unavailable
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)
    ✗SleepROIC > 12% in a majority of years
  • Profitability19% pass✓ 10✗ 25▾

    13 of 16 flag BLPG's profitability — Graham, Buffett, Lynch +10 more

    Positive EPS (10 years)3/17 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)3/17 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-1811.1%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)7.9% (latest)
    ✓BuffettStable or rising over 10 years
    Free Cash Flow Proxy
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)P/E 4.3x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR-58.5%
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROEN/A (negative equity)
    ✗Lynch> 15%
    EBIT / Enterprise Value63.1%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=63.1%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets17.84%
    ✓PiotroskiROA > 0
    ROA Change YoY18.87% -> 17.84% (delta: -1.03%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=19.89%, ROA=17.84%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY65.0% -> 63.6%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue5.8%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity
    ✗Dreman> 12%
    Margin of SafetyP/E=4.3x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-1811.1% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency3/15 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue7.9%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity
    ✗Ackman>= 15%
    5-Year EPS CAGR-58.5% CAGR over 3 years
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend2.1% (2022) -> 7.9% (2024)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 67.0% -> 63.6%, operating margin 2.1% -> 7.9%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization+68.14%; #115/6340 (top 1.8%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+204.72%; #35/3702 (top 0.9%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.5089; #4945/5884 (top 84.0%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR-58.5% over 3 years
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years3/10 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Valuation23% pass✓ 13✗ 15▾

    10 of 13 flag BLPG's valuation — Graham, Lynch, Greenblatt +7 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)P/E 4.3x (growth N/A)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value63.1%
    ✓Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=63.1%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS4.3x
    ✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)3.4x
    ✓Dreman< 8x
    Price / Book Value per ShareN/A (negative BVPS)
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessP/E=4.3x
    ✓MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldP/E=4.3x, FCF Yield=74.0%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/E=4.3x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share3.5x
    ✓Ackman<= 25
    Price vs. Trailing Low142% of trailing low ($0.03)
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization+68.14%; #115/6340 (top 1.8%)
    ✓AsnessTop 30% of eligible cross-section✓OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization-1.7848; #6109/6449 (top 94.7%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS4.3x
    ✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+12.3046; #288/5247 (top 5.5%)
    ✓OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+73.99%; #70/4519 (top 1.5%)
    ✓OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date-14.00%; #3663/6202 (top 59.1%)
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2024. Current investor scores may use newer quarterly data.

Company Profile

Industry: Retail
SIC Sector: Miscellaneous Retail
Size: Micro Cap($354,756)
Revenue: $4.4M-1.0% YoY
Net Income: $241741.00-31.2% YoY

Financial Snapshot

Operating Margin7.9%
Return on Equity-38.2%
Debt / Equity-0.86
Current Ratio0.60
EPS (Diluted)$0.01−66.7% 1y

Shareholder Return

Fiscal 2024

Share retirement not available for this company.

Buybacks
—
Dividends
—

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY24
−66.7% = −31.2% + −51.6%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2025-03-31

2024-04-01 – 2025-03-31

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex, revenue, net income, operating income, gross profit, ebit.

Q1 FY 2025

2025-01-01 – 2025-03-31

Sources
FY 2024
Sources
  • 10-K · 2025-03-31
FY 2023
Sources
  • 10-K · 2024-04-01
FY 2022
Sources
  • 10-K · 2023-03-31
FY 2021
Sources
  • 10-K · 2022-04-01
FY 2020
Sources
  • 10-K · 2021-05-14
Market Cap$354.8Kcurrent--$1.3Mest.$492.5Kest.$1.4Mest.$3.4Mest.$2.3Mest.
Revenue$4.3M$1.0M↓9%$4.4M↓1%$4.4M↑14%$3.9M↓17%$4.7M↑13%$4.1M
Operating Income$185.5K$38.3K↓81%$345.0K↓55%$762.7K↑843%$80.8K↓94%$1.3M↑58%$793.4K
Net Income$88.2K$3.8K↓98%$241.7K↓31%$351.2K↑219%-$294.5K↓117%$1.8M↑287%-$934.6K
EPS (Diluted)--$0.00↓100%$0.01↓67%$0.03↑175%$-0.04↓129%$0.14↑217%$-0.12
Gross Margin62.4%62.6%↓7%63.6%↓2%65.0%↓3%67.0%↓7%72.4%↑2%70.9%
Operating Margin4.4%3.7%↓79%7.9%↓54%17.3%↑730%2.1%↓92%27.0%↑40%19.2%
ROE-14.5%—-38.2%↓49%-25.6%↓264%15.6%↑123%-66.8%↓483%17.4%
Total Debt$487.2K$487.2K↓24%$542.7K↓17%$654.0K↑2%$641.8K↑15%$557.7K↑542%$86.8K
Shareholders' Equity-$606.5K-$606.5K↑49%-$633.2K↑54%-$1.4M↑27%-$1.9M↑28%-$2.6M↑51%-$5.4M
Current Ratio0.610.61↑6%0.60↑19%0.51↑41%0.36↓5%0.38↑299%0.09
Debt / Equity-0.80-0.80↓47%-0.86↓80%-0.48↓40%-0.34↓60%-0.21↓1214%-0.02
Operating Cash Flow$115.5K$127.6K↓55%$269.5K↓64%$745.5K↑102%$369.5K↓59%$903.4K↑95%$463.3K
Free Cash Flow$112.9K$125.1K↓54%$262.5K↓58%$628.3K↑87%$335.7K↓60%$837.4K↑98%$423.8K

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Retail

BLPG vs Peers — Financial Grading

Revenue$4.4MBottom 25%
Net Income$241741.00Bottom 25%
ROE-38.2%Bottom 25%
D/E-0.86Top 25%
Op. Margin7.9%Median
Curr. Ratio0.60Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
COSTCO WHOLESALE CORP /NEWCOST$490.2B$1106.21$275.2B$8.1B27.8%0.203.8%1.032/95/96/71/3F-Score 63/11
HOME DEPOT, INC.HD$347.9B$348.69$164.7B$14.2B110.5%4.0012.7%1.063/95/93/71/3F-Score 43/11
TJX COMPANIES INC /DE/TJX$148.4B$134.37$60.4B$5.5B53.9%0.28—1.143/96/97/71/3F-Score 74/11
FASTENAL COFAST$63.3B$55.19$8.2B$1.3B31.9%0.0320.2%4.854/97/95/71/3F-Score 75/11
AUTOZONE INCAZO$52.5B$3259.70$18.9B$2.5B-73.2%-2.6119.1%0.883/96/92/71/3F-Score 64/11
KROGER COKR$41.8B$70.80$147.6B$1.0B17.1%2.681.3%0.803/94/93/70/3F-Score 73/11
WILLIAMS SONOMA INCWSM$29.9B$254.05$7.8B$1.1B52.3%—18.1%1.393/96/93/71/3F-Score 53/11
CASEYS GENERAL STORES INCCASY$26.3B$712.08$17.6B$714.4M18.1%0.62—1.013/93/92/70/3F-Score 93/11