BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BLK - US09290D1019 - Common Stock
1070.34 USD
-12.97 (-1.2%)
1075 USD
+4.66 (+0.44%)
We assign a fundamental rating of 5 out of 10 to BLK. BLK was compared to 235 industry peers in the Capital Markets industry. BLK has only an average score on both its financial health and profitability. BLK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BLK was profitable.
In the past year BLK had a positive cash flow from operations.
BLK had positive earnings in each of the past 5 years.
BLK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BLK (3.75%) is better than 62.55% of its industry peers.
With a decent Return On Equity value of 10.98%, BLK is doing good in the industry, outperforming 64.26% of the companies in the same industry.
BLK has a Return On Invested Capital of 3.86%. This is comparable to the rest of the industry: BLK outperforms 54.89% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BLK is below the industry average of 7.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 10.98% | ||
| ROIC | 3.86% |
ROA(3y)4.49%
ROA(5y)4.02%
ROE(3y)13.7%
ROE(5y)14.15%
ROIC(3y)4.47%
ROIC(5y)4.1%
1.3 Margins
Looking at the Profit Margin, with a value of 26.64%, BLK is in the better half of the industry, outperforming 69.36% of the companies in the same industry.
In the last couple of years the Profit Margin of BLK has remained more or less at the same level.
The Operating Margin of BLK (33.34%) is better than 64.26% of its industry peers.
In the last couple of years the Operating Margin of BLK has remained more or less at the same level.
BLK has a better Gross Margin (81.52%) than 86.81% of its industry peers.
BLK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.34% | ||
| PM (TTM) | 26.64% | ||
| GM | 81.52% |
OM growth 3Y-1.76%
OM growth 5Y-0.2%
PM growth 3Y0.82%
PM growth 5Y0.27%
GM growth 3Y-0.15%
GM growth 5Y-0.04%
2. Health
2.1 Basic Checks
BLK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BLK has more shares outstanding
BLK has a worse debt/assets ratio than last year.
2.2 Solvency
BLK has an Altman-Z score of 1.61. This is a bad value and indicates that BLK is not financially healthy and even has some risk of bankruptcy.
BLK has a Altman-Z score of 1.61. This is in the better half of the industry: BLK outperforms 65.96% of its industry peers.
BLK has a debt to FCF ratio of 3.25. This is a good value and a sign of high solvency as BLK would need 3.25 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.25, BLK is in the better half of the industry, outperforming 77.45% of the companies in the same industry.
BLK has a Debt/Equity ratio of 0.23. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.23, BLK is in the better half of the industry, outperforming 74.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.25 | ||
| Altman-Z | 1.61 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.20 indicates that BLK has no problem at all paying its short term obligations.
BLK has a Current ratio of 2.20. This is in the better half of the industry: BLK outperforms 74.47% of its industry peers.
BLK has a Quick Ratio of 2.20. This indicates that BLK is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.20, BLK is in the better half of the industry, outperforming 74.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
BLK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.42%, which is quite good.
Measured over the past years, BLK shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.85% on average per year.
BLK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.20%.
BLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.02% yearly.
EPS 1Y (TTM)13.42%
EPS 3Y3.6%
EPS 5Y8.85%
EPS Q2Q%0.79%
Revenue 1Y (TTM)18.2%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%25.25%
3.2 Future
Based on estimates for the next years, BLK will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
The Revenue is expected to grow by 10.60% on average over the next years. This is quite good.
EPS Next Y10.38%
EPS Next 2Y11.77%
EPS Next 3Y12.54%
EPS Next 5Y11.26%
Revenue Next Year18.6%
Revenue Next 2Y17.37%
Revenue Next 3Y15.21%
Revenue Next 5Y10.6%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BLK is valuated rather expensively with a Price/Earnings ratio of 22.86.
60.85% of the companies in the same industry are cheaper than BLK, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BLK to the average of the S&P500 Index (26.51), we can say BLK is valued inline with the index average.
BLK is valuated rather expensively with a Price/Forward Earnings ratio of 19.67.
The rest of the industry has a similar Price/Forward Earnings ratio as BLK.
BLK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.86 | ||
| Fwd PE | 19.67 |
4.2 Price Multiples
BLK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BLK is cheaper than 72.77% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BLK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.22 | ||
| EV/EBITDA | 19.67 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BLK does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of BLK may justify a higher PE ratio.
A more expensive valuation may be justified as BLK's earnings are expected to grow with 12.54% in the coming years.
PEG (NY)2.2
PEG (5Y)2.58
EPS Next 2Y11.77%
EPS Next 3Y12.54%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 1.91%. Purely for dividend investing, there may be better candidates out there.
BLK's Dividend Yield is slightly below the industry average, which is at 6.65.
BLK's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
5.2 History
On average, the dividend of BLK grows each year by 8.75%, which is quite nice.
BLK has been paying a dividend for at least 10 years, so it has a reliable track record.
BLK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.75%
Div Incr Years15
Div Non Decr Years21
5.3 Sustainability
BLK pays out 53.94% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of BLK is growing, but earnings are growing more, so the dividend growth is sustainable.
DP53.94%
EPS Next 2Y11.77%
EPS Next 3Y12.54%
1070.34
-12.97 (-1.2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners83.34%
Inst Owner Change-78.58%
Ins Owners1.94%
Ins Owner Change-2.15%
Market Cap166.06B
Revenue(TTM)22.89B
Net Income(TTM)6.10B
Analysts80.87
Price Target1322.26 (23.54%)
Short Float %0.83%
Short Ratio2.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.91% |
Yearly Dividend20.44
Dividend Growth(5Y)8.75%
DP53.94%
Div Incr Years15
Div Non Decr Years21
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.99%
Min EPS beat(2)1.7%
Max EPS beat(2)10.27%
EPS beat(4)4
Avg EPS beat(4)6.97%
Min EPS beat(4)1.7%
Max EPS beat(4)10.33%
EPS beat(8)8
Avg EPS beat(8)6.64%
EPS beat(12)12
Avg EPS beat(12)8.56%
EPS beat(16)15
Avg EPS beat(16)8.62%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-1.61%
Max Revenue beat(2)1.94%
Revenue beat(4)2
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)1.94%
Revenue beat(8)4
Avg Revenue beat(8)-0.08%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)6
Avg Revenue beat(16)-0.61%
PT rev (1m)0.13%
PT rev (3m)11.76%
EPS NQ rev (1m)-1.7%
EPS NQ rev (3m)-1.66%
EPS NY rev (1m)-0.41%
EPS NY rev (3m)0.1%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)5.23%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)2.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.86 | ||
| Fwd PE | 19.67 | ||
| P/S | 7.26 | ||
| P/FCF | 42.22 | ||
| P/OCF | 38.91 | ||
| P/B | 2.99 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.67 |
EPS(TTM)46.83
EY4.38%
EPS(NY)54.42
Fwd EY5.08%
FCF(TTM)25.35
FCFY2.37%
OCF(TTM)27.51
OCFY2.57%
SpS147.5
BVpS357.84
TBVpS-51.56
PEG (NY)2.2
PEG (5Y)2.58
Graham Number614.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 10.98% | ||
| ROCE | 4.89% | ||
| ROIC | 3.86% | ||
| ROICexc | 4.12% | ||
| ROICexgc | 40.37% | ||
| OM | 33.34% | ||
| PM (TTM) | 26.64% | ||
| GM | 81.52% | ||
| FCFM | 17.19% |
ROA(3y)4.49%
ROA(5y)4.02%
ROE(3y)13.7%
ROE(5y)14.15%
ROIC(3y)4.47%
ROIC(5y)4.1%
ROICexc(3y)4.85%
ROICexc(5y)4.42%
ROICexgc(3y)56.75%
ROICexgc(5y)64.45%
ROCE(3y)5.66%
ROCE(5y)5.2%
ROICexgc growth 3Y-11.17%
ROICexgc growth 5Y-3.93%
ROICexc growth 3Y4.66%
ROICexc growth 5Y13.2%
OM growth 3Y-1.76%
OM growth 5Y-0.2%
PM growth 3Y0.82%
PM growth 5Y0.27%
GM growth 3Y-0.15%
GM growth 5Y-0.04%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.25 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 35.01% | ||
| Cap/Sales | 1.46% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 49.71% | ||
| Profit Quality | 64.52% | ||
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 | ||
| Altman-Z | 1.61 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)85.43%
Cap/Depr(5y)78.53%
Cap/Sales(3y)2.05%
Cap/Sales(5y)1.82%
Profit Quality(3y)76.23%
Profit Quality(5y)75.73%
High Growth Momentum
Growth
EPS 1Y (TTM)13.42%
EPS 3Y3.6%
EPS 5Y8.85%
EPS Q2Q%0.79%
EPS Next Y10.38%
EPS Next 2Y11.77%
EPS Next 3Y12.54%
EPS Next 5Y11.26%
Revenue 1Y (TTM)18.2%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%25.25%
Revenue Next Year18.6%
Revenue Next 2Y17.37%
Revenue Next 3Y15.21%
Revenue Next 5Y10.6%
EBIT growth 1Y5.27%
EBIT growth 3Y-0.04%
EBIT growth 5Y6.8%
EBIT Next Year26%
EBIT Next 3Y20.34%
EBIT Next 5Y13.01%
FCF growth 1Y3.88%
FCF growth 3Y0.7%
FCF growth 5Y12.32%
OCF growth 1Y3.09%
OCF growth 3Y0.08%
OCF growth 5Y11.44%
BLACKROCK INC / BLK FAQ
Can you provide the ChartMill fundamental rating for BLACKROCK INC?
ChartMill assigns a fundamental rating of 5 / 10 to BLK.
What is the valuation status of BLACKROCK INC (BLK) stock?
ChartMill assigns a valuation rating of 3 / 10 to BLACKROCK INC (BLK). This can be considered as Overvalued.
Can you provide the profitability details for BLACKROCK INC?
BLACKROCK INC (BLK) has a profitability rating of 6 / 10.
What is the financial health of BLACKROCK INC (BLK) stock?
The financial health rating of BLACKROCK INC (BLK) is 5 / 10.
What is the expected EPS growth for BLACKROCK INC (BLK) stock?
The Earnings per Share (EPS) of BLACKROCK INC (BLK) is expected to grow by 10.38% in the next year.