BLACKROCK INC (BLK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BLK - US09290D1019 - Common Stock
1072.16 USD
-3.42 (-0.32%)
1072.55 USD
+0.39 (+0.04%)
BLK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 238 industry peers in the Capital Markets industry. Both the profitability and the financial health of BLK get a neutral evaluation. Nothing too spectacular is happening here. 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.
In the past 5 years BLK has always been profitable.
BLK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of BLK (3.75%) is better than 60.92% of its industry peers.
With a decent Return On Equity value of 10.98%, BLK is doing good in the industry, outperforming 63.45% of the companies in the same industry.
BLK has a Return On Invested Capital (3.86%) 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 6.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 10.98% | ||
| ROIC | 3.86% |
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
With a decent Profit Margin value of 26.64%, BLK is doing good in the industry, outperforming 68.07% of the companies in the same industry.
BLK's Profit Margin has been stable in the last couple of years.
With a decent Operating Margin value of 33.34%, BLK is doing good in the industry, outperforming 64.29% 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.
BLK's Gross Margin of 81.52% is amongst the best of the industry. BLK outperforms 86.13% of its industry peers.
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 | 33.34% | ||
| PM (TTM) | 26.64% | ||
| GM | 81.52% |
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 1.61. This is a bad value and indicates that BLK is not financially healthy and even has some risk of bankruptcy.
BLK has a Altman-Z score of 1.61. This is in the better half of the industry: BLK outperforms 63.45% of its industry peers.
The Debt to FCF ratio of BLK is 3.25, which is a good value as it means it would take BLK, 3.25 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.25, BLK is in the better half of the industry, outperforming 76.89% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that BLK is not too dependend on debt financing.
BLK has a better Debt to Equity ratio (0.23) than 73.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.25 | ||
| Altman-Z | 1.61 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.20 indicates that BLK has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.20, BLK is in the better half of the industry, outperforming 73.95% of the companies in the same industry.
A Quick Ratio of 2.20 indicates that BLK has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.20, BLK is doing good in the industry, outperforming 74.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.42% 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 8.85% on average per year.
The Revenue has grown by 18.20% in the past year. This is quite good.
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
Based on estimates for the next years, BLK will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.26% on average per year.
BLK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.60% yearly.
EPS Next Y10.8%
EPS Next 2Y12.14%
EPS Next 3Y12.75%
EPS Next 5Y11.26%
Revenue Next Year17.94%
Revenue Next 2Y17.25%
Revenue Next 3Y15.13%
Revenue Next 5Y10.6%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.89 indicates a rather expensive valuation of BLK.
Based on the Price/Earnings ratio, BLK is valued a bit more expensive than 61.76% of the companies in the same industry.
BLK is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.57, the valuation of BLK can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLK is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 36.10. BLK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.89 | ||
| Fwd PE | 19.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLK is valued a bit cheaper than the industry average as 72.69% 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 | 42.29 | ||
| EV/EBITDA | 19.7 |
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.
BLK's earnings are expected to grow with 12.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.12
PEG (5Y)2.59
EPS Next 2Y12.14%
EPS Next 3Y12.75%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 1.94%.
BLK's Dividend Yield is comparable with the industry average which is at 8.32.
BLK's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
5.2 History
The dividend of BLK is nicely growing with an annual growth rate of 8.75%!
BLK has been paying a dividend for at least 10 years, so it has 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
BLK pays out 53.94% of its income as dividend. This is a bit on the high side, but may be sustainable.
BLK's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP53.94%
EPS Next 2Y12.14%
EPS Next 3Y12.75%
1072.16
-3.42 (-0.32%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners83.34%
Inst Owner Change-78.58%
Ins Owners1.94%
Ins Owner Change-2.11%
Market Cap166.35B
Revenue(TTM)22.89B
Net Income(TTM)6.10B
Analysts80.87
Price Target1313.27 (22.49%)
Short Float %0.82%
Short Ratio1.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
Yearly Dividend20.44
Dividend Growth(5Y)8.75%
DP53.94%
Div Incr Years15
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.99%
Min EPS beat(2)1.7%
Max EPS beat(2)10.27%
EPS beat(4)4
Avg EPS beat(4)6.97%
Min EPS beat(4)1.7%
Max EPS beat(4)10.33%
EPS beat(8)8
Avg EPS beat(8)6.64%
EPS beat(12)12
Avg EPS beat(12)8.56%
EPS beat(16)15
Avg EPS beat(16)8.62%
Revenue beat(2)1
Avg Revenue beat(2)0.16%
Min Revenue beat(2)-1.61%
Max Revenue beat(2)1.94%
Revenue beat(4)2
Avg Revenue beat(4)-0.18%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)1.94%
Revenue beat(8)4
Avg Revenue beat(8)-0.08%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)6
Avg Revenue beat(16)-0.61%
PT rev (1m)-0.58%
PT rev (3m)11.19%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)0.04%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)0.52%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)4.98%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)2.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.89 | ||
| Fwd PE | 19.57 | ||
| P/S | 7.27 | ||
| P/FCF | 42.29 | ||
| P/OCF | 38.98 | ||
| P/B | 3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.7 |
EPS(TTM)46.83
EY4.37%
EPS(NY)54.77
Fwd EY5.11%
FCF(TTM)25.35
FCFY2.36%
OCF(TTM)27.51
OCFY2.57%
SpS147.5
BVpS357.84
TBVpS-51.56
PEG (NY)2.12
PEG (5Y)2.59
Graham Number614.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.75% | ||
| ROE | 10.98% | ||
| ROCE | 4.89% | ||
| ROIC | 3.86% | ||
| ROICexc | 4.12% | ||
| ROICexgc | 40.37% | ||
| OM | 33.34% | ||
| PM (TTM) | 26.64% | ||
| GM | 81.52% | ||
| FCFM | 17.19% |
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-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 3.25 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 35.01% | ||
| Cap/Sales | 1.46% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 49.71% | ||
| Profit Quality | 64.52% | ||
| Current Ratio | 2.2 | ||
| Quick Ratio | 2.2 | ||
| Altman-Z | 1.61 |
F-Score5
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 Y10.8%
EPS Next 2Y12.14%
EPS Next 3Y12.75%
EPS Next 5Y11.26%
Revenue 1Y (TTM)18.2%
Revenue growth 3Y1.75%
Revenue growth 5Y7.02%
Sales Q2Q%25.25%
Revenue Next Year17.94%
Revenue Next 2Y17.25%
Revenue Next 3Y15.13%
Revenue Next 5Y10.6%
EBIT growth 1Y5.27%
EBIT growth 3Y-0.04%
EBIT growth 5Y6.8%
EBIT Next Year26.09%
EBIT Next 3Y20.31%
EBIT Next 5Y13.01%
FCF growth 1Y3.88%
FCF growth 3Y0.7%
FCF growth 5Y12.32%
OCF growth 1Y3.09%
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 22.89 and the Price/Book (PB) ratio is 3.
Can you provide the expected EPS growth for BLK stock?
The Earnings per Share (EPS) of BLACKROCK INC (BLK) is expected to grow by 10.8% in the next year.