BLACKROCK INC (BLK)
US09290D1019 - Common Stock
We assign a fundamental rating of 6 out of 10 to BLK. BLK was compared to 220 industry peers in the Capital Markets industry. While BLK has a great health rating, its profitability is only average at the moment. 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.
Each year in the past 5 years BLK has been profitable.
In the past 5 years BLK always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.57%, BLK is doing good in the industry, outperforming 64.06% of the companies in the same industry.
The Return On Equity of BLK (14.75%) is better than 76.50% of its industry peers.
BLK has a Return On Invested Capital of 4.51%. This is comparable to the rest of the industry: BLK outperforms 53.92% of its industry peers.
BLK had an Average Return On Invested Capital over the past 3 years of 4.35%. This is below the industry average of 7.00%.
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
The Profit Margin of BLK (31.37%) is better than 74.19% 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 has a Operating Margin of 37.43%. This is in the better half of the industry: BLK outperforms 61.75% of its industry peers.
BLK's Operating Margin has declined in the last couple of years.
BLK has a Gross Margin of 81.41%. This is amongst the best in the industry. BLK outperforms 82.95% of its industry peers.
BLK's Gross Margin has been stable in the last couple of years.
| 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.
BLK has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.85 indicates that BLK is not a great score, but indicates only limited risk for bankruptcy at the moment.
BLK has a better Altman-Z score (1.85) than 70.97% 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.
BLK has a Debt to FCF ratio of 3.06. This is in the better half of the industry: BLK outperforms 76.04% of its industry peers.
BLK has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BLK (0.30) is better than 77.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 3.06 | ||
| Altman-Z | 1.85 |
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 81.57% of its industry peers.
A Quick Ratio of 3.45 indicates that BLK has no problem at all paying its short term obligations.
BLK has a better Quick ratio (3.45) than 81.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.45 | ||
| Quick Ratio | 3.45 |
3. Growth
3.1 Past
BLK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.44%, which is quite good.
BLK shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.98% yearly.
BLK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.22%.
BLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.70% yearly.
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
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.
BLK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.01% yearly.
EPS Next Y15.72%
EPS Next 2Y14.43%
EPS Next 3Y13.49%
EPS Next 5Y8.54%
Revenue Next Year13.07%
Revenue Next 2Y14.59%
Revenue Next 3Y13.28%
Revenue Next 5Y6.01%
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.
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
Based on the Price/Earnings ratio of 24.91, the valuation of BLK can be described as rather expensive.
Based on the Price/Earnings ratio, BLK is valued a bit more expensive than 66.36% of the companies in the same industry.
BLK's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.20.
Based on the Price/Forward Earnings ratio of 20.79, the valuation of BLK can be described as rather expensive.
BLK's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BLK is more expensive than 62.21% of the companies in the same industry.
BLK's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.91 | ||
| Fwd PE | 20.79 |
4.2 Price Multiples
66.82% of the companies in the same industry are more expensive than BLK, based on the Enterprise Value to EBITDA ratio.
BLK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.37 | ||
| EV/EBITDA | 20.51 |
4.3 Compensation for Growth
The 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)1.59
PEG (5Y)3.57
EPS Next 2Y14.43%
EPS Next 3Y13.49%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 2.01%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 9.57, BLK is paying slightly less dividend.
BLK's Dividend Yield is comparable with the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
5.2 History
The dividend of BLK is nicely growing with an annual growth rate of 10.44%!
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 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 (12/20/2024, 10:46:58 PM)
Premarket: 1010.55 -18.14 (-1.76%)1028.69
+12.36 (+1.22%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners81.23%
Inst Owner Change-2.68%
Ins Owners0.81%
Ins Owner Change-3.75%
Market Cap159.32B
Analysts80.95
Price Target1109.7 (7.88%)
Short Float %1.26%
Short Ratio2.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Dividend Growth(5Y)10.44%
DP50.26%
Div Incr Years14
Div Non Decr Years20
Ex-Date
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)0.73%
PT rev (3m)15.89%
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)3.32%
EPS NY rev (1m)0%
EPS NY rev (3m)4.18%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)4.49%
Revenue NY rev (1m)-0.91%
Revenue NY rev (3m)0.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.91 | ||
| Fwd PE | 20.79 | ||
| P/S | 8.23 | ||
| P/FCF | 39.37 | ||
| P/OCF | 36.74 | ||
| P/B | 3.87 | ||
| P/tB | 21.59 | ||
| EV/EBITDA | 20.51 |
EPS(TTM)41.29
EY4.01%
EPS(NY)49.47
Fwd EY4.81%
FCF(TTM)26.13
FCFY2.54%
OCF(TTM)28
OCFY2.72%
SpS125.01
BVpS265.87
TBVpS47.64
PEG (NY)1.59
PEG (5Y)3.57
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 | 1.85 |
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 2Y14.59%
Revenue Next 3Y13.28%
Revenue Next 5Y6.01%
EBIT growth 1Y16.49%
EBIT growth 3Y-0.59%
EBIT growth 5Y2.81%
EBIT Next Year33.09%
EBIT Next 3Y21.34%
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%