BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - NYSE:BLK - US09290D1019 - Common Stock
1082.2 USD
+12.76 (+1.19%)
1081.76 USD
-0.44 (-0.04%)
BLK gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. BLK has only an average score on both its financial health and profitability. 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.
In the past year BLK had a positive cash flow from operations.
BLK had positive earnings in each of the past 5 years.
Each year in the past 5 years BLK had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.37%, BLK is doing good in the industry, outperforming 64.98% of the companies in the same industry.
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.
With a Return On Invested Capital value of 4.31%, BLK perfoms like the industry average, outperforming 58.65% 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 7.63%.
| 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 74.26% of its industry peers.
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 35.71% is fine compared to the rest of the industry. BLK outperforms 64.56% of its industry peers.
BLK's Operating Margin has been stable in the last couple of years.
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
BLK has more shares outstanding than it did 1 year ago.
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
Based on the Altman-Z score of 1.78, we must say that BLK is in the distress zone and has some risk of bankruptcy.
BLK has a better Altman-Z score (1.78) than 67.51% 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.
BLK has a Debt to FCF ratio of 3.29. This is amongst the best in the industry. BLK outperforms 80.17% 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 73.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Altman-Z | 1.78 |
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.
With a decent Current ratio value of 2.57, BLK is doing good in the industry, outperforming 76.37% of the companies in the same industry.
A Quick Ratio of 2.57 indicates that BLK has no problem at all paying its short term obligations.
BLK has a better Quick ratio (2.57) than 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 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%.
Measured over the past years, BLK shows a small growth in Revenue. The Revenue has been growing by 7.02% on average per year.
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
BLK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.26% yearly.
Based on estimates for the next years, BLK will show a quite strong growth in Revenue. The Revenue will grow by 10.60% on average per year.
EPS Next Y10.83%
EPS Next 2Y12.21%
EPS Next 3Y12.85%
EPS Next 5Y11.26%
Revenue Next Year17.91%
Revenue Next 2Y17.36%
Revenue Next 3Y15.17%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 23.11, BLK is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of BLK indicates a slightly more expensive valuation: BLK is more expensive than 62.87% of the companies listed in the same industry.
BLK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.73, the valuation of BLK can be described as rather expensive.
BLK's Price/Forward Earnings ratio is in line with the industry average.
BLK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 32.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.11 | ||
| Fwd PE | 19.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLK is valued a bit cheaper than the industry average as 70.89% 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 | 43.22 | ||
| EV/EBITDA | 20.31 |
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.
BLK's earnings are expected to grow with 12.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.13
PEG (5Y)2.61
EPS Next 2Y12.21%
EPS Next 3Y12.85%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 1.95%.
Compared to an average industry Dividend Yield of 8.49, BLK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, BLK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
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 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 earnings are growing more, so the dividend growth is sustainable.
DP49.88%
EPS Next 2Y12.21%
EPS Next 3Y12.85%
1082.2
+12.76 (+1.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners83.22%
Inst Owner Change-73.62%
Ins Owners1.95%
Ins Owner Change-2.3%
Market Cap167.85B
Revenue(TTM)22.89B
Net Income(TTM)6.40B
Analysts81.67
Price Target1320.98 (22.06%)
Short Float %0.84%
Short Ratio2.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
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)10.3%
Min EPS beat(2)10.27%
Max EPS beat(2)10.33%
EPS beat(4)4
Avg EPS beat(4)9%
Min EPS beat(4)5.57%
Max EPS beat(4)10.33%
EPS beat(8)8
Avg EPS beat(8)10.28%
EPS beat(12)12
Avg EPS beat(12)11.23%
EPS beat(16)15
Avg EPS beat(16)9.52%
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)0.02%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)2.77%
Revenue beat(8)3
Avg Revenue beat(8)-0.51%
Revenue beat(12)5
Avg Revenue beat(12)-0.37%
Revenue beat(16)6
Avg Revenue beat(16)-0.6%
PT rev (1m)11.65%
PT rev (3m)12.2%
EPS NQ rev (1m)-9.46%
EPS NQ rev (3m)-4.48%
EPS NY rev (1m)0.51%
EPS NY rev (3m)3.02%
Revenue NQ rev (1m)1.04%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)1.85%
Revenue NY rev (3m)2.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.11 | ||
| Fwd PE | 19.73 | ||
| P/S | 7.78 | ||
| P/FCF | 43.22 | ||
| P/OCF | 39.63 | ||
| P/B | 3.42 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.31 |
EPS(TTM)46.83
EY4.33%
EPS(NY)54.84
Fwd EY5.07%
FCF(TTM)25.04
FCFY2.31%
OCF(TTM)27.31
OCFY2.52%
SpS139.09
BVpS316.83
TBVpS-5.57
PEG (NY)2.13
PEG (5Y)2.61
Graham Number577.79
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%
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-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 | 1.78 |
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)13.42%
EPS 3Y3.6%
EPS 5Y8.85%
EPS Q2Q%0.79%
EPS Next Y10.83%
EPS Next 2Y12.21%
EPS Next 3Y12.85%
EPS Next 5Y11.26%
Revenue 1Y (TTM)18.2%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%25.25%
Revenue Next Year17.91%
Revenue Next 2Y17.36%
Revenue Next 3Y15.17%
Revenue Next 5Y10.6%
EBIT growth 1Y13.03%
EBIT growth 3Y-0.04%
EBIT growth 5Y6.8%
EBIT Next Year27.15%
EBIT Next 3Y20.71%
EBIT Next 5Y13.01%
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%
BLACKROCK INC / BLK FAQ
Can you provide the ChartMill fundamental rating for BLACKROCK INC?
ChartMill assigns a fundamental rating of 5 / 10 to BLK.
Can you provide the valuation status for BLACKROCK INC?
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 are the PE and PB ratios of BLACKROCK INC (BLK) stock?
The Price/Earnings (PE) ratio for BLACKROCK INC (BLK) is 23.11 and the Price/Book (PB) ratio is 3.42.
Can you provide the expected EPS growth for BLK stock?
The Earnings per Share (EPS) of BLACKROCK INC (BLK) is expected to grow by 10.83% in the next year.