BLACKROCK INC (BLK) Stock Fundamental Analysis
NYSE:BLK - US09290D1019 - Common Stock
1139.8 USD
+2.7 (+0.24%)
1139.8 USD
0 (0%)
Overall BLK gets a fundamental rating of 5 out of 10. We evaluated BLK against 238 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.
In the past 5 years BLK has always been profitable.
Each year in the past 5 years BLK had a positive operating cash flow.
1.2 Ratios
BLK has a Return On Assets of 4.37%. This is in the better half of the industry: BLK outperforms 65.97% of its industry peers.
The Return On Equity of BLK (13.03%) is better than 69.75% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.31%, BLK is in line with its industry, outperforming 57.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BLK is below the industry average of 7.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 13.03% | ||
| ROIC | 4.31% |
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
With a decent Profit Margin value of 29.69%, BLK is doing good in the industry, outperforming 73.95% 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.
BLK has a Operating Margin of 35.71%. This is in the better half of the industry: BLK outperforms 63.45% 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 Gross Margin of 81.32%. This is amongst the best in the industry. BLK outperforms 85.29% of its industry peers.
BLK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.71% | ||
| PM (TTM) | 29.69% | ||
| GM | 81.32% |
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
Compared to 1 year ago, BLK has more shares outstanding
Compared to 5 years ago, BLK has more shares outstanding
Compared to 1 year ago, BLK has a worse debt to assets ratio.
2.2 Solvency
BLK has an Altman-Z score of 1.83. This is not the best score and indicates that BLK is in the grey zone with still only limited risk for bankruptcy at the moment.
BLK has a Altman-Z score of 1.83. This is in the better half of the industry: BLK outperforms 69.75% of its industry peers.
The Debt to FCF ratio of BLK is 3.29, which is a good value as it means it would take BLK, 3.29 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BLK (3.29) is better than 77.73% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that BLK is not too dependend on debt financing.
BLK's Debt to Equity ratio of 0.26 is fine compared to the rest of the industry. BLK outperforms 75.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Altman-Z | 1.83 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.57 indicates that BLK has no problem at all paying its short term obligations.
BLK has a better Current ratio (2.57) than 76.47% of its industry peers.
A Quick Ratio of 2.57 indicates that BLK has no problem at all paying its short term obligations.
BLK's Quick ratio of 2.57 is fine compared to the rest of the industry. BLK outperforms 76.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.57 |
3. Growth
3.1 Past
BLK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.73%, which is quite good.
The Earnings Per Share has been growing by 8.12% on average over the past years. This is quite good.
BLK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.45%.
The Revenue has been growing slightly by 7.02% on average over the past years.
EPS 1Y (TTM)14.73%
EPS 3Y3.2%
EPS 5Y8.12%
EPS Q2Q%16.31%
Revenue 1Y (TTM)15.45%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%12.86%
3.2 Future
The Earnings Per Share is expected to grow by 7.13% on average over the next years.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y9.83%
EPS Next 2Y9.97%
EPS Next 3Y11.5%
EPS Next 5Y7.13%
Revenue Next Year16.16%
Revenue Next 2Y15.16%
Revenue Next 3Y3.79%
Revenue Next 5Y4.96%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.39, the valuation of BLK can be described as rather expensive.
60.50% 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 (27.08), we can say BLK is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 21.56, the valuation of BLK can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLK is on the same level as its industry peers.
BLK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.39 | ||
| Fwd PE | 21.56 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLK is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BLK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.44 | ||
| EV/EBITDA | 21.29 |
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.
BLK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.48
PEG (5Y)3
EPS Next 2Y9.97%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 1.85%. Purely for dividend investing, there may be better candidates out there.
BLK's Dividend Yield is slightly below the industry average, which is at 7.99.
Compared to the average S&P500 Dividend Yield of 2.34, BLK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
5.2 History
On average, the dividend of BLK grows each year by 8.75%, which is quite nice.
BLK has paid a dividend for at least 10 years, which is a reliable track record.
BLK has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.75%
Div Incr Years15
Div Non Decr Years21
5.3 Sustainability
49.88% of the earnings are spent on dividend by BLK. This is a bit on the high side, but may be sustainable.
The dividend of BLK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.88%
EPS Next 2Y9.97%
EPS Next 3Y11.5%
1139.8
+2.7 (+0.24%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners78.11%
Inst Owner Change-24.32%
Ins Owners1.84%
Ins Owner Change-3.01%
Market Cap176.50B
Analysts81.74
Price Target1181.12 (3.63%)
Short Float %0.94%
Short Ratio2.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
Yearly Dividend20.44
Dividend Growth(5Y)8.75%
DP49.88%
Div Incr Years15
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.71%
Min EPS beat(2)3.09%
Max EPS beat(2)10.33%
EPS beat(4)4
Avg EPS beat(4)6.62%
Min EPS beat(4)3.09%
Max EPS beat(4)10.33%
EPS beat(8)8
Avg EPS beat(8)9.09%
EPS beat(12)12
Avg EPS beat(12)10.44%
EPS beat(16)15
Avg EPS beat(16)8.92%
Revenue beat(2)0
Avg Revenue beat(2)-1.92%
Min Revenue beat(2)-2.22%
Max Revenue beat(2)-1.61%
Revenue beat(4)2
Avg Revenue beat(4)-0.2%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)2.77%
Revenue beat(8)3
Avg Revenue beat(8)-0.61%
Revenue beat(12)5
Avg Revenue beat(12)-0.44%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)-0.51%
PT rev (3m)12%
EPS NQ rev (1m)5.55%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)2.46%
EPS NY rev (3m)5.55%
Revenue NQ rev (1m)-1.32%
Revenue NQ rev (3m)4.3%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.39 | ||
| Fwd PE | 21.56 | ||
| P/S | 8.18 | ||
| P/FCF | 45.44 | ||
| P/OCF | 41.68 | ||
| P/B | 3.59 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.29 |
EPS(TTM)46.74
EY4.1%
EPS(NY)52.87
Fwd EY4.64%
FCF(TTM)25.08
FCFY2.2%
OCF(TTM)27.35
OCFY2.4%
SpS139.32
BVpS317.35
TBVpS-5.58
PEG (NY)2.48
PEG (5Y)3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 13.03% | ||
| ROCE | 5.46% | ||
| ROIC | 4.31% | ||
| ROICexc | 4.62% | ||
| ROICexgc | 48.31% | ||
| OM | 35.71% | ||
| PM (TTM) | 29.69% | ||
| GM | 81.32% | ||
| FCFM | 18% |
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%
ROICexcg growth 3Y-11.17%
ROICexcg 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-Score4
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Debt/EBITDA | 1.51 | ||
| Cap/Depr | 48.68% | ||
| Cap/Sales | 1.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 50.27% | ||
| Profit Quality | 60.65% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.57 | ||
| Altman-Z | 1.83 |
F-Score4
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)14.73%
EPS 3Y3.2%
EPS 5Y8.12%
EPS Q2Q%16.31%
EPS Next Y9.83%
EPS Next 2Y9.97%
EPS Next 3Y11.5%
EPS Next 5Y7.13%
Revenue 1Y (TTM)15.45%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%12.86%
Revenue Next Year16.16%
Revenue Next 2Y15.16%
Revenue Next 3Y3.79%
Revenue Next 5Y4.96%
EBIT growth 1Y13.03%
EBIT growth 3Y-0.04%
EBIT growth 5Y6.8%
EBIT Next Year25.18%
EBIT Next 3Y4.25%
EBIT Next 5Y5.91%
FCF growth 1Y-0.72%
FCF growth 3Y0.7%
FCF growth 5Y12.32%
OCF growth 1Y-2.06%
OCF growth 3Y0.08%
OCF growth 5Y11.44%