NYSE:BLK

Stock Analysis Report

Executive Summary

BlackRock, Inc. is a publicly owned investment manager.

Snowflake


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


Market Performance


7 Day Return

4.5%

BLK

2.4%

US Capital Markets

1.0%

US Market


1 Year Return

15.6%

BLK

4.8%

US Capital Markets

8.0%

US Market

Return vs Industry: BLK exceeded the US Capital Markets industry which returned 4.8% over the past year.

Return vs Market: BLK exceeded the US Market which returned 8% over the past year.


Shareholder returns

BLKIndustryMarket
7 Day4.5%2.4%1.0%
30 Day2.1%-1.8%-0.07%
90 Day-5.0%-2.2%-1.0%
1 Year19.2%15.6%7.1%4.8%10.4%8.0%
3 Year42.9%32.2%52.4%43.8%46.2%36.7%
5 Year58.7%39.7%77.3%61.1%64.3%46.2%

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

Valuation

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

13.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLK ($453.65) is trading below our estimate of fair value ($525.53)

Significantly Below Fair Value: BLK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BLK is good value based on its PE Ratio (17.4x) compared to the Capital Markets industry average (31.8x).

PE vs Market: BLK is good value based on its PE Ratio (17.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: BLK is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: BLK is good value based on its PB Ratio (2.2x) compared to the US Capital Markets industry average (6.3x).

Future Growth

How is BlackRock forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLK's forecast earnings growth (6.4% per year) is above the savings rate (2.7%).

Earnings vs Market: BLK's earnings (6.4% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: BLK's revenue (7.6% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: BLK's revenue (7.6% 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 (16.4%).

Past Performance

How has BlackRock performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BLK's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: BLK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BLK had negative earnings growth (-27.7%) over the past year, making it difficult to compare to the Capital Markets industry average (29.3%).


Return on Equity

High ROE: BLK's Return on Equity (12.6%) is considered low.


Return on Assets

ROA vs Industry: BLK has a higher Return on Assets than the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: BLK has significantly improved its Return on Capital Employed over the past 3 years.

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 4.543230x 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?

2.91%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BLK's dividend (2.91%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: BLK's dividend (2.91%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (49.8%), 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 (40% payout ratio).

Management

What is the CEO of BlackRock's salary, the management and board of directors tenure and is there insider trading?

6.4yrs

Average management tenure


CEO

Larry Fink (66yo)

21.8yrs

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 ($USD26.54M) is about average for companies of similar size in the US market ($USD11.18M).

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


Management Age and Tenure

6.4yrs

Average Tenure

54yo

Average Age

Experienced Management: BLK's management team is seasoned and experienced (6.4 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: BLK's board of directors are considered experienced (7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$893,47818 Oct 19
J. Kushel
EntityIndividual
Role
Senior Key Executive
Senior MD and Head of Multi-Asset Strategies & Global Fixed Income Groups
Shares2,000
Max PriceUS$446.74
SellUS$15,055,83730 Apr 19
Laurence Fink
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares31,250
Max PriceUS$484.34
SellUS$35,95530 Apr 19
Jeffrey Smith
EntityIndividual
Shares75
Max PriceUS$479.40
SellUS$71,74426 Apr 19
Jeffrey Smith
EntityIndividual
Shares150
Max PriceUS$478.29
SellUS$1,286,98218 Apr 19
Gary Shedlin
EntityIndividual
Role
Chief Financial Officer
Senior MD & CFO
Shares2,750
Max PriceUS$467.99
SellUS$140,46517 Apr 19
Jeffrey Smith
EntityIndividual
Shares300
Max PriceUS$468.22
SellUS$2,273,91904 Mar 19
Robert Goldstein
EntityIndividual
Role
Chief Operating Officer
Senior MD
Shares5,133
Max PriceUS$443.00
SellUS$96,97715 Feb 19
Jeffrey Smith
EntityIndividual
Shares225
Max PriceUS$431.01
SellUS$259,33015 Feb 19
Marc Comerchero
EntityIndividual
Role
Chief Accounting Officer
MD & Chief Accounting Officer
Shares600
Max PriceUS$432.22
SellUS$1,648,34213 Feb 19
Rachel Lord
EntityIndividual
Shares3,863
Max PriceUS$426.70
SellUS$18,160,86913 Feb 19
Laurence Fink
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares44,000
Max PriceUS$414.11
SellUS$1,251,12007 Feb 19
Mark McCombe
EntityIndividual
Shares3,000
Max PriceUS$417.04
SellUS$935,51507 Feb 19
Jeffrey Smith
EntityIndividual
Shares2,250
Max PriceUS$415.78
SellUS$3,734,55801 Feb 19
Laurence Fink
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,048
Max PriceUS$413.19
SellUS$2,218,00431 Jan 19
Gary Shedlin
EntityIndividual
Role
Chief Financial Officer
Senior MD & CFO
Shares5,400
Max PriceUS$410.91
SellUS$2,113,34629 Jan 19
Laurence Fink
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares5,120
Max PriceUS$413.36
SellUS$1,259,39629 Jan 19
J. Kushel
EntityIndividual
Role
Senior Key Executive
Senior MD and Head of Multi-Asset Strategies & Global Fixed Income Groups
Shares3,077
Max PriceUS$409.29
SellUS$12,897,62322 Jan 19
Laurence Fink
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares30,832
Max PriceUS$420.21
SellUS$880,12927 Nov 18
J. Kushel
EntityIndividual
Role
Senior Key Executive
Senior MD and Head of Multi-Asset Strategies & Global Fixed Income Groups
Shares2,100
Max PriceUS$419.11

Ownership Breakdown


Management Team

  • Larry Fink (66yo)

    Chairman & CEO

    • Tenure: 21.8yrs
    • Compensation: US$26.54m
  • Rob Kapito (63yo)

    President & Director

    • Tenure: 13yrs
    • Compensation: US$20.84m
  • Derek Stein (57yo)

    Senior MD and Global Head of Technology & Operations

    • Tenure: 0yrs
  • Gary Shedlin (56yo)

    Senior MD & CFO

    • Tenure: 6.4yrs
    • Compensation: US$6.59m
  • Rich Kushel (52yo)

    Senior MD and Head of Multi-Asset Strategies & Global Fixed Income Groups

    • Tenure: 9.8yrs
    • Compensation: US$6.86m
  • Rob Goldstein (45yo)

    Senior MD

    • Tenure: 5.3yrs
    • Compensation: US$7.93m
  • Mark McKenna

    Founder

    • Tenure: 0yrs
  • Marc Comerchero (46yo)

    MD & Chief Accounting Officer

    • Tenure: 3.6yrs
  • Chris Meade (50yo)

    General Counsel & Chief Legal Officer

    • Tenure: 2.9yrs
  • Samantha Tortora

    Investor Relations Contact

    • Tenure: 0yrs

Board Members

  • Gord Nixon (62yo)

    Independent Director

    • Tenure: 4yrs
    • Compensation: US$312.46k
  • Murry Gerber (65yo)

    Lead Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$382.56k
  • Larry Fink (66yo)

    Chairman & CEO

    • Tenure: 21.8yrs
    • Compensation: US$26.54m
  • Rob Kapito (63yo)

    President & Director

    • Tenure: 13yrs
    • Compensation: US$20.84m
  • Ivan Seidenberg (72yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$320.70k
  • Bill Demchak (57yo)

    Director

    • Tenure: 16.8yrs
  • Pam Daley (66yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$316.98k
  • Sue Wagner (58yo)

    Independent Director

    • Tenure: 7yrs
    • Compensation: US$281.91k
  • Barbara Novick (58yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: US$7.39m
  • Rob Fairbairn (53yo)

    Vice Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: US$7.33m

Company Information

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


Key Information

  • Name: BlackRock, Inc.
  • Ticker: BLK
  • Exchange: NYSE
  • Founded: 1988
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$70.394b
  • Shares outstanding: 155.17m
  • 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
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
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 pe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:32
End of Day Share Price2019/10/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.