BLACKROCK INC (BLK)
US09290D1019 - Common Stock
Overall BLK gets a fundamental rating of 6 out of 10. We evaluated BLK against 218 industry peers in the Capital Markets industry. While BLK has a great health rating, its profitability is only average at the moment. BLK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BLK was profitable.
BLK had a positive operating cash flow in the past year.
In the past 5 years BLK has always been profitable.
In the past 5 years BLK always reported a positive cash flow from operatings.
1.2 Ratios
BLK has a Return On Assets of 4.83%. This is in the better half of the industry: BLK outperforms 64.65% of its industry peers.
With a decent Return On Equity value of 15.08%, BLK is doing good in the industry, outperforming 75.81% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.48%, BLK is in line with its industry, outperforming 55.81% 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 6.96%.
The last Return On Invested Capital (4.48%) for BLK is above the 3 year average (4.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 15.08% | ||
| ROIC | 4.48% |
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's Profit Margin of 32.36% is fine compared to the rest of the industry. BLK outperforms 74.88% 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 36.47%. This is in the better half of the industry: BLK outperforms 62.33% of its industry peers.
In the last couple of years the Operating Margin of BLK has declined.
With an excellent Gross Margin value of 81.18%, BLK belongs to the best of the industry, outperforming 82.79% 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 | 36.47% | ||
| PM (TTM) | 32.36% | ||
| GM | 81.18% |
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
Compared to 1 year ago, BLK has less shares outstanding
Compared to 5 years ago, BLK has less shares outstanding
Compared to 1 year ago, BLK has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.92 indicates that BLK is not a great score, but indicates only limited risk for bankruptcy at the moment.
BLK's Altman-Z score of 1.92 is fine compared to the rest of the industry. BLK outperforms 71.16% of its industry peers.
BLK has a debt to FCF ratio of 2.31. This is a good value and a sign of high solvency as BLK would need 2.31 years to pay back of all of its debts.
BLK has a better Debt to FCF ratio (2.31) than 80.93% of its industry peers.
BLK has a Debt/Equity ratio of 0.25. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.25, BLK is doing good in the industry, outperforming 79.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 2.31 | ||
| Altman-Z | 1.92 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 3.07 indicates that BLK has no problem at all paying its short term obligations.
BLK has a Current ratio of 3.07. This is in the better half of the industry: BLK outperforms 80.00% of its industry peers.
BLK has a Quick Ratio of 3.07. This indicates that BLK is financially healthy and has no problem in meeting its short term obligations.
BLK has a Quick ratio of 3.07. This is in the better half of the industry: BLK outperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 |
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.
The Earnings Per Share has been growing slightly by 6.98% on average over the past years.
BLK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.22%.
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
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 Y15.71%
EPS Next 2Y14.67%
EPS Next 3Y13.54%
EPS Next 5Y8.54%
Revenue Next Year14.11%
Revenue Next 2Y15.1%
Revenue Next 3Y13.6%
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.
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
With a Price/Earnings ratio of 25.10, BLK can be considered very expensive at the moment.
Based on the Price/Earnings ratio, BLK is valued a bit more expensive than the industry average as 64.19% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 29.20, BLK is valued at the same level.
Based on the Price/Forward Earnings ratio of 20.86, the valuation of BLK can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as BLK.
BLK is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.1 | ||
| Fwd PE | 20.86 |
4.2 Price Multiples
BLK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BLK is cheaper than 68.37% of the companies in the same industry.
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 | 37.7 | ||
| EV/EBITDA | 21.9 |
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 13.54% in the coming years.
PEG (NY)1.6
PEG (5Y)3.6
EPS Next 2Y14.67%
EPS Next 3Y13.54%
5. Dividend
5.1 Amount
BLK has a Yearly Dividend Yield of 1.95%.
Compared to an average industry Dividend Yield of 9.01, BLK is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.23, 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 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
50.34% 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.
DP50.34%
EPS Next 2Y14.67%
EPS Next 3Y13.54%
BLACKROCK INC
NYSE:BLK (11/22/2024, 10:36:44 PM)
After market: 1036.46 0 (0%)1036.46
+8.46 (+0.82%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap160.53B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.95% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.1 | ||
| Fwd PE | 20.86 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.6
PEG (5Y)3.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.83% | ||
| ROE | 15.08% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 36.47% | ||
| PM (TTM) | 32.36% | ||
| GM | 81.18% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.07 | ||
| Quick Ratio | 3.07 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)11.44%
EPS 3Y3.73%
EPS 5Y
EPS Q2Q%
EPS Next Y15.71%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.22%
Revenue growth 3Y3.29%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y