BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - NYSE:BLK - US09290D1019 - Common Stock
1115.11 USD
-8.3 (-0.74%)
1115.11 USD
0 (0%)
Taking everything into account, BLK scores 5 out of 10 in our fundamental rating. BLK was compared to 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.
BLK has a better Return On Equity (13.03%) than 69.62% of its industry peers.
BLK has a Return On Invested Capital (4.31%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for BLK 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
The Profit Margin of BLK (29.69%) is better than 74.26% of its industry peers.
BLK's Profit Margin has been stable in the last couple of years.
BLK's Operating Margin of 35.71% is fine compared to the rest of the industry. BLK outperforms 63.29% of its industry peers.
BLK's Operating Margin has been stable in the last couple of years.
BLK has a Gross Margin of 81.32%. This is amongst the best in the industry. BLK outperforms 85.65% 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
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 1.82 indicates that BLK is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 1.82, BLK is doing good in the industry, outperforming 69.20% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 3.29, BLK is doing good in 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.
BLK's Debt to Equity ratio of 0.26 is fine compared to the rest of the industry. BLK outperforms 75.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.29 | ||
| Altman-Z | 1.82 |
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.
The Current ratio of BLK (2.57) is better than 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.
Looking at the Quick ratio, with a value of 2.57, BLK is in the better half of the industry, outperforming 76.79% of the companies in the same industry.
| 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.
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.
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.
The Revenue is expected to grow by 4.96% on average over the next years.
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
The EPS growth rate is stable: in the next years the growth will be about the same 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.86, which indicates a rather expensive current valuation of BLK.
BLK's Price/Earnings ratio is a bit more expensive when compared to the industry. BLK is more expensive than 60.76% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.27. BLK is around the same levels.
The Price/Forward Earnings ratio is 21.09, which indicates a rather expensive current valuation of BLK.
BLK's Price/Forward Earnings ratio is in line with the industry average.
BLK is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.86 | ||
| Fwd PE | 21.09 |
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 72.57% of the companies listed 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 | 44.46 | ||
| EV/EBITDA | 21.04 |
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)2.43
PEG (5Y)2.94
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.
Compared to an average industry Dividend Yield of 7.96, BLK is paying slightly less dividend.
Compared to the average S&P500 Dividend Yield of 2.38, BLK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.84% |
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
49.88% 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.
DP49.88%
EPS Next 2Y9.97%
EPS Next 3Y11.5%
1115.11
-8.3 (-0.74%)
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 Cap172.67B
Analysts81.74
Price Target1183.16 (6.1%)
Short Float %1.06%
Short Ratio2.76
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 | 23.86 | ||
| Fwd PE | 21.09 | ||
| P/S | 8 | ||
| P/FCF | 44.46 | ||
| P/OCF | 40.77 | ||
| P/B | 3.51 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.04 |
EPS(TTM)46.74
EY4.19%
EPS(NY)52.87
Fwd EY4.74%
FCF(TTM)25.08
FCFY2.25%
OCF(TTM)27.35
OCFY2.45%
SpS139.32
BVpS317.35
TBVpS-5.58
PEG (NY)2.43
PEG (5Y)2.94
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 | 1.82 |
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%