BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - NYSE:BLK - US09290D1019 - Common Stock
1132.36 USD
-35.07 (-3%)
1132.36 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 an average financial health and profitability rating. BLK is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
BLK had positive earnings in the past year.
BLK had a positive operating cash flow in the past year.
In the past 5 years BLK has always been profitable.
In the past 5 years BLK always reported a positive cash flow from operatings.
1.2 Ratios
BLK has a Return On Assets of 4.37%. This is in the better half of the industry: BLK outperforms 63.87% of its industry peers.
BLK's Return On Equity of 13.03% is fine compared to the rest of the industry. BLK outperforms 68.49% of its industry peers.
BLK has a Return On Invested Capital (4.31%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for BLK is below the industry average of 7.64%.
| 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
BLK has a better Profit Margin (29.69%) than 74.37% of its industry peers.
BLK's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 35.71%, BLK is doing good in the industry, outperforming 63.87% of the companies in the same industry.
In the last couple of years the Operating Margin of BLK has remained more or less at the same level.
The Gross Margin of BLK (81.32%) is better than 85.71% 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
BLK has more shares outstanding than it did 5 years ago.
BLK has a worse debt/assets ratio than last year.
2.2 Solvency
BLK has an Altman-Z score of 1.86. 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.
The Altman-Z score of BLK (1.86) is better than 68.91% 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.
BLK's Debt to FCF ratio of 3.29 is fine compared to the rest of the industry. BLK outperforms 79.83% of its industry peers.
BLK has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BLK (0.26) is better than 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Altman-Z | 1.86 |
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 76.05% of its industry peers.
BLK has a Quick Ratio of 2.57. This indicates that BLK is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.57, BLK is doing good in the industry, outperforming 76.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.57 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 14.73% over the past year.
Measured over the past years, BLK shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.12% on average per year.
Looking at the last year, BLK shows a quite strong growth in Revenue. The Revenue has grown by 15.45% in the last year.
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
Based on estimates for the next years, BLK will show a small growth in Earnings Per Share. The EPS will grow by 7.13% on average per year.
BLK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y9.87%
EPS Next 2Y10.07%
EPS Next 3Y11.5%
EPS Next 5Y7.13%
Revenue Next Year16.6%
Revenue Next 2Y15.57%
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.
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 24.23.
65.97% of the companies in the same industry are cheaper than BLK, based on the Price/Earnings ratio.
BLK's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.02.
BLK is valuated rather expensively with a Price/Forward Earnings ratio of 21.38.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLK indicates a slightly more expensive valuation: BLK is more expensive than 61.34% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.57. BLK is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.23 | ||
| Fwd PE | 21.38 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLK indicates a somewhat cheap valuation: BLK is cheaper than 69.33% of the companies listed in the same industry.
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 | 45.15 | ||
| EV/EBITDA | 21.85 |
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)2.45
PEG (5Y)2.98
EPS Next 2Y10.07%
EPS Next 3Y11.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.79%, BLK has a reasonable but not impressive dividend return.
BLK's Dividend Yield is slightly below the industry average, which is at 8.50.
Compared to the average S&P500 Dividend Yield of 2.44, BLK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
5.2 History
The dividend of BLK is nicely growing with an annual growth rate of 8.75%!
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 2Y10.07%
EPS Next 3Y11.5%
1132.36
-35.07 (-3%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners83.22%
Inst Owner Change0.02%
Ins Owners1.95%
Ins Owner Change-2.58%
Market Cap175.35B
Analysts81.74
Price Target1183.16 (4.49%)
Short Float %1.4%
Short Ratio4.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
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)0.17%
PT rev (3m)10.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)6.71%
EPS NY rev (1m)0.04%
EPS NY rev (3m)5.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.71%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.23 | ||
| Fwd PE | 21.38 | ||
| P/S | 8.13 | ||
| P/FCF | 45.15 | ||
| P/OCF | 41.4 | ||
| P/B | 3.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.85 |
EPS(TTM)46.74
EY4.13%
EPS(NY)52.97
Fwd EY4.68%
FCF(TTM)25.08
FCFY2.22%
OCF(TTM)27.35
OCFY2.42%
SpS139.32
BVpS317.35
TBVpS-5.58
PEG (NY)2.45
PEG (5Y)2.98
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 | 1.86 |
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 Y9.87%
EPS Next 2Y10.07%
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 Year16.6%
Revenue Next 2Y15.57%
Revenue Next 3Y3.79%
Revenue Next 5Y4.96%
EBIT growth 1Y13.03%
EBIT growth 3Y-0.04%
EBIT growth 5Y6.8%
EBIT Next Year24.87%
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%