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BLK

BlackRockNYSE:BLK Stock Report

Market Cap

US$140.5b

7D

3.2%

1Y

48.6%

Updated

25 Oct, 2021

Data

Company Financials +
BLK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance4/6
Financial Health4/6
Dividends5/6

BLK Overview

BlackRock, Inc. is a publicly owned investment manager.

BlackRock Competitors

Blackstone

NYSE:BX

US$167.2b

KKR

NYSE:KKR

US$63.6b

SPDR Gold Trust

ARCA:GLD

US$59.6b

Bank of New York Mellon

NYSE:BK

US$49.1b

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock
Historical stock prices
Current Share PriceUS$924.74
52 Week HighUS$587.90
52 Week LowUS$959.89
Beta1.19
1 Month Change5.73%
3 Month Change7.29%
1 Year Change48.63%
3 Year Change136.72%
5 Year Change170.99%
Change since IPO6,446.83%

Recent News & Updates

Oct 07

BlackRock Stock: My Top Financial Value Pick

BlackRock's proven business model, history of strong returns, and reasonable valuation make it a great value/anchor stock. Unlike many other established financial blue chips, BlackRock has more long-term tailwinds than headwinds. I expect BlackRock's return this decade to beat the S&P 500's return.

Sep 20

BlackRock: Capitalizing On The Whims Of Investors

BlackRock is a Dividend Contender with 12 consecutive years of dividend growth.  Shares currently yield 1.88%. BlackRock is behemoth in the asset management space with over $9 T in AUM as of July. Their wide suite of investment offerings allow investors low cost access to nearly every investment imaginable. BlackRock is just over 8% off its highs and is beginning to look attractive.

Sep 05

BlackRock: Woolly Mammoth Of Asset Managers Keeps Growing

BlackRock is the largest asset manager in the world and has AUM of $9.5 trillion. That's larger than the GDP of all countries on Earth except the US and China. And the company just keeps getting bigger - adding a whopping $81 billion in AUM in Q2 alone. Last week's lousy economic data, including a very disappointing jobs report, could be good news for stocks (and BlackRock).

Shareholder Returns

BLKUS Capital MarketsUS Market
7D3.2%3.8%1.9%
1Y48.6%68.2%33.4%

Return vs Industry: BLK underperformed the US Capital Markets industry which returned 64% over the past year.

Return vs Market: BLK exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is BLK's price volatile compared to industry and market?
BLK volatility
BLK Beta1.19
Industry Beta1.19
Market Beta1

Stable Share Price: BLK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BLK's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198816,900Larry Finkhttps://www.blackrock.com

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.

BlackRock Fundamentals Summary

How do BlackRock's earnings and revenue compare to its market cap?
BLK fundamental statistics
Market CapUS$140.55b
Earnings (TTM)US$5.81b
Revenue (TTM)US$18.75b

24.2x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLK income statement (TTM)
RevenueUS$18.75b
Cost of RevenueUS$9.22b
Gross ProfitUS$9.53b
ExpensesUS$3.72b
EarningsUS$5.81b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)38.20
Gross Margin50.82%
Net Profit Margin30.97%
Debt/Equity Ratio18.8%

How did BLK perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

0.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BLK ($924.74) is trading below our estimate of fair value ($931.48)

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 poor value based on its PE Ratio (24.2x) compared to the US Capital Markets industry average (16.5x).

PE vs Market: BLK is poor value based on its PE Ratio (24.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BLK is poor value based on its PEG Ratio (3.6x)


Price to Book Ratio

PB vs Industry: BLK is good value based on its PB Ratio (3.9x) compared to the US Capital Markets industry average (61.3x).


Future Growth

How is BlackRock forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLK's forecast earnings growth (6.8% per year) is above the savings rate (2%).

Earnings vs Market: BLK's earnings (6.8% per year) are forecast to grow slower than the US market (14.7% per year).

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

Revenue vs Market: BLK's revenue (6.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: BLK's revenue (6.3% 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 (15.7%).


Past Performance

How has BlackRock performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLK has high quality earnings.

Growing Profit Margin: BLK's current net profit margins (31%) are higher than last year (29.8%).


Past Earnings Growth Analysis

Earnings Trend: BLK's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: BLK's earnings growth over the past year (23.9%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: BLK earnings growth over the past year (23.9%) underperformed the Capital Markets industry 77.6%.


Return on Equity

High ROE: BLK's Return on Equity (16.4%) is considered low.


Financial Health

How is BlackRock's financial position?


Financial Position Analysis

Short Term Liabilities: BLK's short term assets ($26.4B) exceed its short term liabilities ($19.1B).

Long Term Liabilities: BLK's short term assets ($26.4B) do not cover its long term liabilities ($119.4B).


Debt to Equity History and Analysis

Debt Level: BLK's debt to equity ratio (18.8%) is considered satisfactory.

Reducing Debt: BLK's debt to equity ratio has increased from 16.8% to 18.8% over the past 5 years.

Debt Coverage: BLK's debt is well covered by operating cash flow (58.6%).

Interest Coverage: BLK's interest payments on its debt are well covered by EBIT (52.2x coverage).


Balance Sheet


Dividend

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

1.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BLK's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: BLK's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 (42.1%), 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 (45.5% payout ratio).


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Larry Fink (69 yo)

22.75yrs

Tenure

US$27,356,432

Compensation

Mr. Laurence Douglas Fink, also known as Larry, is Founder, Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988. Mr. Fink has been named one of the "World's G...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD27.36M) is above average for companies of similar size in the US market ($USD11.15M).

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


Leadership Team

Experienced Management: BLK's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: BLK's board of directors are considered experienced (8.5 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 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$140.550b
  • Shares outstanding: 151.99m
  • Website: https://www.blackrock.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 23:13
End of Day Share Price2021/10/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.