Introduction
BlackLine (BL) is a fast-growing mid-cap company with a large runway of growth left. The company is an accounting and finance software provider. BlackLine has multiple competitive advantages, but the main one is the company's cross-system functionality. This functionality is the ability for the software to integrate and work with a large number of other types of software, databases, and programs, including custom software. My unlevered free cash flow model places a fair value per share of $76.64 on the stock, leaving over 30% upside to fair value from current trading prices