WBAG:BLK

Stock Analysis Report

Executive Summary

BlackRock, Inc. is a publicly owned investment manager.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has BlackRock's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BLK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

BLK

0.5%

AT Capital Markets

0.3%

AT Market


1 Year Return

38.7%

BLK

20.8%

AT Capital Markets

3.6%

AT Market

Return vs Industry: BLK exceeded the Austrian Capital Markets industry which returned 20.8% over the past year.

Return vs Market: BLK exceeded the Austrian Market which returned 3.6% over the past year.


Shareholder returns

BLKIndustryMarket
7 Day0.4%0.5%0.3%
30 Day8.6%5.2%0.1%
90 Day20.1%11.9%0.8%
1 Year42.9%38.7%25.7%20.8%7.3%3.6%
3 Yearn/a17.8%4.0%27.6%16.1%
5 Yearn/a10.2%-10.2%53.9%32.5%

Price Volatility Vs. Market

How volatile is BlackRock's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BlackRock undervalued compared to its fair value and its price relative to the market?

30.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLK (€528.4) is trading below our estimate of fair value (€754.81)

Significantly Below Fair Value: BLK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BLK is good value based on its PE Ratio (19.9x) compared to the Capital Markets industry average (22x).

PE vs Market: BLK is poor value based on its PE Ratio (19.9x) compared to the Austrian market (14.2x).


Price to Earnings Growth Ratio

PEG Ratio: BLK is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: BLK is overvalued based on its PB Ratio (2.7x) compared to the XE Capital Markets industry average (1.4x).

Future Growth

How is BlackRock forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

8.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLK's forecast earnings growth (8.2% per year) is above the savings rate (-0.1%).

Earnings vs Market: BLK's earnings (8.2% per year) are forecast to grow slower than the Austrian market (9.9% per year).

High Growth Earnings: BLK's earnings are forecast to grow, but not significantly.

Revenue vs Market: BLK's revenue (5.9% per year) is forecast to grow faster than the Austrian market (2.6% per year).

High Growth Revenue: BLK's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLK's Return on Equity is forecast to be low in 3 years time (15.3%).

Past Performance

How has BlackRock performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLK has high quality earnings.

Growing Profit Margin: BLK's current net profit margins (30.8%) are higher than last year (30.3%).


Past Earnings Growth Analysis

Earnings Trend: BLK's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: BLK's earnings growth over the past year (4%) is below its 5-year average (9.1% per year).

Earnings vs Industry: BLK earnings growth over the past year (4%) underperformed the Capital Markets industry 5.3%.


Return on Equity

High ROE: BLK's Return on Equity (13.5%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is BlackRock's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BLK has a low level of unsold assets or inventory.

Debt Coverage by Assets: BLK's debt is covered by short term assets (assets are 4.8x debt).


Financial Institutions Analysis

Asset Level: BLK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if BLK has a sufficient allowance for bad loans.

Low Risk Liabilities: BLK reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if BLK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BLK has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if BLK has an appropriate level of bad loans.

Dividend

What is BlackRock's current dividend yield, its reliability and sustainability?

2.54%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 20 2020Ex Dividend DateMar 04 2020Dividend Pay DateMar 23 202019 days from Ex DividendBuy in the next 12 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: BLK's dividend (2.54%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: BLK's dividend (2.54%) is low compared to the top 25% of dividend payers in the Austrian market (4.49%).


Stability and Growth of Payments

Stable Dividend: BLK's dividends per share have been stable in the past 10 years.

Growing Dividend: BLK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46%), BLK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BLK's dividends in 3 years are forecast to be well covered by earnings (45.8% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Larry Fink (66yo)

22.1yrs

Tenure

US$26,543,344

Compensation

Mr. Laurence Douglas Fink, also known as Larry, is the Chief Executive Officer and Chairman of BlackRock, Inc. Mr. Fink co-founded the firm in 1988 and focuses on client centric solutions and innovation at ...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD26.54M) is above average for companies of similar size in the Austrian market ($USD3.57M).

Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Laurence Fink
Chairman & CEO22.1yrsUS$26.54m0.56% $451.9m
Robert Kapito
President & Director13.3yrsUS$20.84m0.25% $201.3m
Gary Shedlin
Senior MD & CFO6.8yrsUS$6.59m0.0094% $7.6m
Robert Goldstein
Senior MD5.7yrsUS$7.93m0.022% $17.5m
J. Kushel
Senior MD and Head of Multi-Asset Strategies & Global Fixed Income Groups10.1yrsUS$6.86m0.10% $81.6m
Mark McKenna
Founder0yrsno datano data
Marc Comerchero
MD & Chief Accounting Officer3.9yrsno data0.00099% $803.9k
Derek Stein
Senior MD and Global Head of Technology & Operations0yrsno datano data
Samantha Tortora
Investor Relations Contact0yrsno datano data
Christopher Meade
General Counsel & Chief Legal Officer3.3yrsno data0.0038% $3.1m

6.8yrs

Average Tenure

54yo

Average Age

Experienced Management: BLK's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Laurence Fink
Chairman & CEO22.1yrsUS$26.54m0.56% $451.9m
Robert Kapito
President & Director13.3yrsUS$20.84m0.25% $201.3m
Gordon Nixon
Independent Director4.3yrsUS$312.46k0.00061% $495.3k
Murry Gerber
Lead Independent Director2.8yrsUS$382.56k0.026% $20.7m
Ivan Seidenberg
Independent Director9.1yrsUS$320.70k0.0084% $6.8m
Cheryl Mills
Independent Director6.3yrsUS$293.05k0.0016% $1.3m
William Demchak
Director17.1yrsno data0.00077% $625.2k
Pamela Daley
Independent Director6.1yrsUS$316.98k0.0021% $1.7m
Susan Wagner
Independent Director7.3yrsUS$281.91k0.31% $251.4m
Robert Fairbairn
Vice Chairman of the Board0.8yrsUS$7.33m0.016% $13.4m

6.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: BLK's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BlackRock, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BlackRock, Inc.
  • Ticker: BLK
  • Exchange: WBAG
  • Founded: 1988
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$87.658b
  • Listing Market Cap: US$81.198b
  • Shares outstanding: 155.20m
  • Website: https://www.blackrock.com

Number of Employees


Location

  • BlackRock, Inc.
  • 55 East 52nd Street
  • New York
  • New York
  • 10055
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLKNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1999
BLQADB (Deutsche Boerse AG)YesCommon StockDEEUROct 1999
BLQAXTRA (XETRA Trading Platform)YesCommon StockDEEUROct 1999
BLK *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNOct 1999
0QZZLSE (London Stock Exchange)YesCommon StockGBUSDOct 1999
BLKSWX (SIX Swiss Exchange)YesCommon StockCHCHFOct 1999
BLKWBAG (Wiener Boerse AG)YesCommon StockATEUROct 1999
BLQAETLX (Eurotlx)YesCommon StockITEUROct 1999
BLAK34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1/6 COM USD0.01BRBRLApr 2016

Biography

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 23:37
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.