BLACKROCK INC (BLK) Stock Fundamental Analysis
NYSE:BLK - New York Stock Exchange, Inc. - US09290D1019 - Common Stock
Overall BLK gets a fundamental rating of 6 out of 10. We evaluated BLK against 224 industry peers in the Capital Markets industry. BLK has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, BLK is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year BLK was profitable.
BLK had a positive operating cash flow in the past year.
Each year in the past 5 years BLK has 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 4.57%. This is in the better half of the industry: BLK outperforms 65.30% of its industry peers.
BLK has a better Return On Equity (14.75%) than 77.63% of its industry peers.
With a Return On Invested Capital value of 4.51%, BLK perfoms like the industry average, outperforming 54.34% of the companies in the same industry.
BLK had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 6.66%.
The 3 year average ROIC (4.35%) for BLK is below the current ROIC(4.51%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 14.75% | ||
| ROIC | 4.51% |
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
BLK has a Profit Margin of 31.37%. This is in the better half of the industry: BLK outperforms 74.89% of its industry peers.
In the last couple of years the Profit Margin of BLK has remained more or less at the same level.
Looking at the Operating Margin, with a value of 37.43%, BLK is in the better half of the industry, outperforming 63.93% of the companies in the same industry.
In the last couple of years the Operating Margin of BLK has declined.
With an excellent Gross Margin value of 81.41%, BLK belongs to the best of the industry, outperforming 83.56% of the companies in the same industry.
In the last couple of years the Gross Margin of BLK has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.43% | ||
| PM (TTM) | 31.37% | ||
| GM | 81.41% |
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
The number of shares outstanding for BLK has been reduced compared to 1 year ago.
BLK has less shares outstanding than it did 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 1.81, we must say that BLK is in the distress zone and has some risk of bankruptcy.
BLK has a better Altman-Z score (1.81) than 68.95% of its industry peers.
The Debt to FCF ratio of BLK is 3.06, which is a good value as it means it would take BLK, 3.06 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BLK (3.06) is better than 75.80% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that BLK is not too dependend on debt financing.
The Debt to Equity ratio of BLK (0.30) is better than 77.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.06 | ||
| Altman-Z | 1.81 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 3.45 indicates that BLK has no problem at all paying its short term obligations.
BLK has a better Current ratio (3.45) than 80.82% of its industry peers.
BLK has a Quick Ratio of 3.45. This indicates that BLK is financially healthy and has no problem in meeting its short term obligations.
BLK's Quick ratio of 3.45 is amongst the best of the industry. BLK outperforms 80.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.45 | ||
| Quick Ratio | 3.45 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.44% over the past year.
The Earnings Per Share has been growing slightly by 6.98% on average over the past years.
The Revenue has grown by 10.22% in the past year. This is quite good.
The Revenue has been growing slightly by 4.70% on average over the past years.
EPS 1Y (TTM)11.44%
EPS 3Y3.73%
EPS 5Y6.98%
EPS Q2Q%5.04%
Revenue 1Y (TTM)10.22%
Revenue growth 3Y3.29%
Revenue growth 5Y4.7%
Sales Q2Q%14.93%
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 8.54% yearly.
Based on estimates for the next years, BLK will show a small growth in Revenue. The Revenue will grow by 6.01% on average per year.
EPS Next Y15.72%
EPS Next 2Y14.43%
EPS Next 3Y13.49%
EPS Next 5Y8.54%
Revenue Next Year13.07%
Revenue Next 2Y14.67%
Revenue Next 3Y13.55%
Revenue Next 5Y6.01%
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 24.37, BLK is valued on the expensive side.
64.84% of the companies in the same industry are cheaper than BLK, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.19. BLK is around the same levels.
Based on the Price/Forward Earnings ratio of 20.34, the valuation of BLK can be described as rather expensive.
Based on the Price/Forward Earnings ratio, BLK is valued a bit more expensive than the industry average as 60.73% of the companies are valued more cheaply.
BLK is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.37, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.37 | ||
| Fwd PE | 20.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLK is valued a bit cheaper than the industry average as 69.41% of the companies are valued more expensively.
BLK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.47 | ||
| EV/EBITDA | 19.62 |
4.3 Compensation for Growth
BLK's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BLK may justify a higher PE ratio.
A more expensive valuation may be justified as BLK's earnings are expected to grow with 13.49% in the coming years.
PEG (NY)1.55
PEG (5Y)3.49
EPS Next 2Y14.43%
EPS Next 3Y13.49%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 2.05%.
Compared to an average industry Dividend Yield of 9.45, BLK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.28, BLK has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
5.2 History
The dividend of BLK is nicely growing with an annual growth rate of 10.44%!
BLK has been paying a dividend for at least 10 years, so it has a reliable track record.
BLK has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.44%
Div Incr Years14
Div Non Decr Years20
5.3 Sustainability
50.26% 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.
DP50.26%
EPS Next 2Y14.43%
EPS Next 3Y13.49%
BLACKROCK INC
NYSE:BLK (1/22/2025, 9:11:54 PM)
After market: 1006.34 0 (0%)1006.34
-5.75 (-0.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner Change-1.94%
Ins OwnersN/A
Ins Owner Change-2.53%
Market Cap0
Analysts80.91
Price Target1159.36 (15.21%)
Short Float %N/A
Short Ratio1.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.05% |
Yearly Dividend20.34
Dividend Growth(5Y)10.44%
DP50.26%
Div Incr Years14
Div Non Decr Years20
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.55%
Min EPS beat(2)3.28%
Max EPS beat(2)9.82%
EPS beat(4)4
Avg EPS beat(4)6.32%
Min EPS beat(4)3.28%
Max EPS beat(4)9.82%
EPS beat(8)8
Avg EPS beat(8)9.36%
EPS beat(12)11
Avg EPS beat(12)9.18%
EPS beat(16)15
Avg EPS beat(16)8.88%
Revenue beat(2)1
Avg Revenue beat(2)0.44%
Min Revenue beat(2)-1.88%
Max Revenue beat(2)2.77%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)2.77%
Revenue beat(8)3
Avg Revenue beat(8)-0.34%
Revenue beat(12)4
Avg Revenue beat(12)-0.75%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)4.47%
PT rev (3m)19.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.32%
EPS NY rev (1m)0%
EPS NY rev (3m)4.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.37 | ||
| Fwd PE | 20.34 | ||
| P/S | 7.83 | ||
| P/FCF | 37.47 | ||
| P/OCF | 34.98 | ||
| P/B | 3.68 | ||
| P/tB | 20.55 | ||
| EV/EBITDA | 19.62 |
EPS(TTM)41.29
EY4.1%
EPS(NY)49.47
Fwd EY4.92%
FCF(TTM)26.85
FCFY2.67%
OCF(TTM)28.77
OCFY2.86%
SpS128.47
BVpS273.24
TBVpS48.96
PEG (NY)1.55
PEG (5Y)3.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 14.75% | ||
| ROCE | 5.68% | ||
| ROIC | 4.51% | ||
| ROICexc | 5.07% | ||
| ROICexgc | 47.44% | ||
| OM | 37.43% | ||
| PM (TTM) | 31.37% | ||
| GM | 81.41% | ||
| FCFM | 20.9% |
ROA(3y)4.24%
ROA(5y)3.63%
ROE(3y)14.45%
ROE(5y)14.14%
ROIC(3y)4.35%
ROIC(5y)3.74%
ROICexc(3y)4.66%
ROICexc(5y)3.97%
ROICexgc(3y)65.52%
ROICexgc(5y)67.44%
ROCE(3y)5.48%
ROCE(5y)4.71%
ROICexcg growth 3Y-11.87%
ROICexcg growth 5Y-13.7%
ROICexc growth 3Y13.9%
ROICexc growth 5Y9.55%
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%
F-Score6
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.06 | ||
| Debt/EBITDA | 1.61 | ||
| Cap/Depr | 65.68% | ||
| Cap/Sales | 1.49% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 56.41% | ||
| Profit Quality | 66.63% | ||
| Current Ratio | 3.45 | ||
| Quick Ratio | 3.45 | ||
| Altman-Z | 1.81 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)96.75%
Cap/Depr(5y)81.43%
Cap/Sales(3y)2.22%
Cap/Sales(5y)1.92%
Profit Quality(3y)77.62%
Profit Quality(5y)72.72%
High Growth Momentum
Growth
EPS 1Y (TTM)11.44%
EPS 3Y3.73%
EPS 5Y6.98%
EPS Q2Q%5.04%
EPS Next Y15.72%
EPS Next 2Y14.43%
EPS Next 3Y13.49%
EPS Next 5Y8.54%
Revenue 1Y (TTM)10.22%
Revenue growth 3Y3.29%
Revenue growth 5Y4.7%
Sales Q2Q%14.93%
Revenue Next Year13.07%
Revenue Next 2Y14.67%
Revenue Next 3Y13.55%
Revenue Next 5Y6.01%
EBIT growth 1Y16.49%
EBIT growth 3Y-0.59%
EBIT growth 5Y2.81%
EBIT Next Year30.89%
EBIT Next 3Y21.09%
EBIT Next 5Y7.98%
FCF growth 1Y-7.5%
FCF growth 3Y2.49%
FCF growth 5Y5.88%
OCF growth 1Y-11.51%
OCF growth 3Y3.63%
OCF growth 5Y6.26%