BLACKROCK INC (BLK)
US09247X1019 - Common Stock
Taking everything into account, BLK scores 5 out of 10 in our fundamental rating. BLK was compared to 210 industry peers in the Capital Markets industry. BLK is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, BLK is valued expensive at the moment.
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.
BLK had positive earnings in each of the past 5 years.
In the past 5 years BLK always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of BLK (4.47%) is comparable to the rest of the industry.
BLK has a Return On Equity of 13.98%. This is in the better half of the industry: BLK outperforms 70.67% of its industry peers.
BLK has a Return On Invested Capital (4.27%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for BLK is below the industry average of 8.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 13.98% | ||
| ROIC | 4.27% |
ROA(3y)4.24%
ROA(5y)3.63%
ROE(3y)14.45%
ROE(5y)14.14%
ROIC(3y)4.35%
ROIC(5y)3.74%
1.3 Margins
With a decent Profit Margin value of 30.81%, BLK is doing good in the industry, outperforming 65.38% 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's Operating Margin of 35.52% is fine compared to the rest of the industry. BLK outperforms 60.10% of its industry peers.
BLK's Operating Margin has declined in the last couple of years.
BLK has a Gross Margin of 81.06%. This is amongst the best in the industry. BLK outperforms 81.73% of its industry peers.
BLK's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.52% | ||
| PM (TTM) | 30.81% | ||
| GM | 81.06% |
OM growth 3Y-3.76%
OM growth 5Y-1.8%
PM growth 3Y0.41%
PM growth 5Y0.32%
GM growth 3Y-0.43%
GM growth 5Y-0.03%
2. Health
2.1 Basic Checks
Compared to 1 year ago, BLK has less shares outstanding
The number of shares outstanding for BLK has been reduced compared to 5 years ago.
BLK has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.56, we must say that BLK is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.56, BLK is doing good in the industry, outperforming 66.35% of the companies in the same industry.
BLK has a debt to FCF ratio of 2.07. This is a good value and a sign of high solvency as BLK would need 2.07 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 2.07, BLK belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
A Debt/Equity ratio of 0.20 indicates that BLK is not too dependend on debt financing.
BLK has a better Debt to Equity ratio (0.20) than 77.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.07 | ||
| Altman-Z | 1.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.34 indicates that BLK has no problem at all paying its short term obligations.
The Current ratio of BLK (2.34) is better than 73.08% of its industry peers.
A Quick Ratio of 2.34 indicates that BLK has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.34, BLK is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.34 | ||
| Quick Ratio | 2.34 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.84% over the past year.
BLK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.98% yearly.
Looking at the last year, BLK shows a decrease in Revenue. The Revenue has decreased by -0.08% in the last year.
BLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.70% yearly.
EPS 1Y (TTM)6.84%
EPS 3Y3.73%
EPS 5Y6.98%
EPS growth Q2Q8.17%
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y3.29%
Revenue growth 5Y4.7%
Revenue growth Q2Q6.78%
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 8.54% on average per year.
Based on estimates for the next years, BLK will show a small growth in Revenue. The Revenue will grow by 5.60% on average per year.
EPS Next Y9.56%
EPS Next 2Y11.41%
EPS Next 3Y11.73%
EPS Next 5Y8.54%
Revenue Next Year12.89%
Revenue Next 2Y12.3%
Revenue Next 3Y10.81%
Revenue Next 5Y5.6%
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 accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.05, BLK is valued on the expensive side.
BLK's Price/Earnings ratio is a bit more expensive when compared to the industry. BLK is more expensive than 64.90% of the companies in the same industry.
BLK's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.20.
BLK is valuated rather expensively with a Price/Forward Earnings ratio of 18.30.
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 60.58% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.63. BLK is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.05 | ||
| Fwd PE | 18.3 |
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 68.75% of the companies listed in the same industry.
BLK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.5 | ||
| EV/EBITDA | 16.64 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of BLK may justify a higher PE ratio.
PEG (NY)2.1
PEG (5Y)2.87
EPS Next 2Y11.41%
EPS Next 3Y11.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.73%, BLK has a reasonable but not impressive dividend return.
BLK's Dividend Yield is slightly below the industry average, which is at 7.77.
Compared to an average S&P500 Dividend Yield of 2.44, BLK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
5.2 History
On average, the dividend of BLK grows each year by 10.44%, 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)10.44%
Div Incr Years14
Div Non Decr Years19
5.3 Sustainability
55.16% of the earnings are spent on dividend by BLK. 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.
DP55.16%
EPS Next 2Y11.41%
EPS Next 3Y11.73%
BLACKROCK INC
NYSE:BLK (4/25/2024, 6:00:00 PM)
After market: 758 +0.35 (+0.05%)757.65
-5.15 (-0.68%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap112.71B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.73% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.05 | ||
| Fwd PE | 18.3 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.1
PEG (5Y)2.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 13.98% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 35.52% | ||
| PM (TTM) | 30.81% | ||
| GM | 81.06% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.34 | ||
| Quick Ratio | 2.34 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.84%
EPS 3Y3.73%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.08%
Revenue growth 3Y3.29%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y