BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - NYSE:BLK - US09290D1019 - Common Stock
1142.85 USD
+5.72 (+0.5%)
1138.2 USD
-4.65 (-0.41%)
Overall BLK gets a fundamental rating of 5 out of 10. We evaluated BLK against 237 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
BLK had positive earnings in the past year.
In the past year BLK had a positive cash flow from operations.
In the past 5 years BLK has always been profitable.
BLK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BLK has a Return On Assets of 4.37%. This is in the better half of the industry: BLK outperforms 64.98% of its industry peers.
With a decent Return On Equity value of 13.03%, BLK is doing good in the industry, outperforming 69.62% of the companies in the same industry.
BLK has a Return On Invested Capital (4.31%) which is comparable to the rest of the industry.
BLK had an Average Return On Invested Capital over the past 3 years of 4.47%. This is below the industry average of 7.61%.
| 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 74.26% of the companies in the same industry.
BLK's Profit Margin has been stable in the last couple of years.
The Operating Margin of BLK (35.71%) is better than 63.29% of its industry peers.
In the last couple of years the Operating Margin of BLK has remained more or less at the same level.
Looking at the Gross Margin, with a value of 81.32%, BLK belongs to the top of the industry, outperforming 85.65% of the companies in the same industry.
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
The number of shares outstanding for BLK has been increased compared to 5 years ago.
Compared to 1 year ago, BLK has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.83 indicates that BLK is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of BLK (1.83) is better than 69.20% of its industry peers.
BLK has a debt to FCF ratio of 3.29. This is a good value and a sign of high solvency as BLK would need 3.29 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.29, BLK is in the better half of the industry, outperforming 78.06% of the companies in the same industry.
A Debt/Equity ratio of 0.26 indicates that BLK is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.26, BLK is in the better half of the industry, outperforming 75.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Altman-Z | 1.83 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
BLK has a Current Ratio of 2.57. This indicates that BLK is financially healthy and has no problem in meeting its short term obligations.
BLK's Current ratio of 2.57 is fine compared to the rest of the industry. BLK outperforms 76.37% of its industry peers.
A Quick Ratio of 2.57 indicates that BLK has no problem at all paying its short term obligations.
BLK has a Quick ratio of 2.57. This is in the better half of the industry: BLK outperforms 76.79% 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.
BLK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.12% yearly.
BLK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.45%.
BLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.02% yearly.
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.
Based on estimates for the next years, BLK will show a small growth in Revenue. The Revenue will grow by 4.96% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
BLK is valuated rather expensively with a Price/Earnings ratio of 24.45.
Based on the Price/Earnings ratio, BLK is valued a bit more expensive than the industry average as 61.60% of the companies are valued more cheaply.
BLK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 21.62, BLK is valued on the expensive side.
BLK's Price/Forward Earnings ratio is in line with the industry average.
BLK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.45 | ||
| Fwd PE | 21.62 |
4.2 Price Multiples
BLK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BLK is cheaper than 71.73% 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 | 45.56 | ||
| EV/EBITDA | 21.29 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BLK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.49
PEG (5Y)3.01
EPS Next 2Y9.97%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.84%, BLK has a reasonable but not impressive dividend return.
BLK's Dividend Yield is slightly below the industry average, which is at 7.96.
BLK's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.84% |
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 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 49.88% of its income as dividend. This is a bit on the high side, but may be sustainable.
BLK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP49.88%
EPS Next 2Y9.97%
EPS Next 3Y11.5%
1142.85
+5.72 (+0.5%)
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-2.58%
Market Cap176.97B
Analysts81.74
Price Target1183.16 (3.53%)
Short Float %1.2%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.84% |
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)0.5%
PT rev (3m)11.4%
EPS NQ rev (1m)5.5%
EPS NQ rev (3m)7.98%
EPS NY rev (1m)2.46%
EPS NY rev (3m)5.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)9.13%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.45 | ||
| Fwd PE | 21.62 | ||
| P/S | 8.2 | ||
| P/FCF | 45.56 | ||
| P/OCF | 41.79 | ||
| P/B | 3.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.29 |
EPS(TTM)46.74
EY4.09%
EPS(NY)52.87
Fwd EY4.63%
FCF(TTM)25.08
FCFY2.19%
OCF(TTM)27.35
OCFY2.39%
SpS139.32
BVpS317.35
TBVpS-5.58
PEG (NY)2.49
PEG (5Y)3.01
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%