BlackRock Finance Inc
Exchange: NYSESector: Financial ServicesIndustry: Asset Management
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
Did you know?
Carries 1.3x more debt than cash on its balance sheet.
Current Price
$1053.47
-0.85%GoodMoat Value
$535.55
49.2% overvaluedProfile
Valuation (TTM)
Market Cap$163.45B
P/E29.43
EV$154.73B
P/B2.92
Shares Out155.15M
P/Sales6.75
Revenue$24.22B
EV/EBITDA17.70
BlackRock Finance Inc (BLK) Stock Analysis
GoodMoat Analysis
BlackRock is a dominant global asset manager with a strong competitive moat, but its current valuation appears significantly elevated relative to its estimated intrinsic value. The GoodMoat Target of $535.55 suggests a margin of safety is not present. This combination of a strong business at an unfavourable price requires caution.
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BlackRock Finance Inc is a global leader in asset management, providing investment and technology services to institutional and retail clients worldwide. Its competitive moat is anchored in massive scale, a powerful brand, and deep technology integration through its Aladdin platform. Applying the GoodMoat framework, it likely scores well on criteria like Scale Privilege, Brand & Culture, and Proprietary Data, easily meeting the 5+ threshold for a durable moat. Its financial quality is solid, with a strong operating margin of 32.1% and a conservative debt/equity ratio of 0.27. However, the valuation assessment is the critical hurdle. The stock trades at a P/E of 27.4x, which is high for a company with a single-digit ROE of 9.9% and a modest FCF yield of 2.3%. Most significantly, the GoodMoat Target price of $535.55 implies the current price of $981.35 is trading at a premium, not a discount. This results in a negative margin of safety, placing it in the 'Unfavourable' band of the Decision Framework's Valuation Gate. While the business itself is strong, the price does not offer the margin of safety a value investor typically seeks, making further investigation an exercise in understanding the premium the market is assigning to its dominance rather than finding a bargain. Analysis based on data as of 2024-05-15.
Market Cap$163.45B
Current Price$1053.47
P/E Ratio29.43
Forward P/E—
PEG Ratio-0.90
EPS$35.31
Book Value$360.22
P/B Ratio2.92
BLK Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 5.1% FCF growth (CAGR)
Cash vs Debt
Net Debt: 3.5B
Revenue
14.5B
FY19
16.2B
FY20
19.4B
FY21
17.9B
FY22
17.9B
FY23
20.4B
FY24
24.2B
FY25
Net Income
4.5B
FY19
4.9B
FY20
5.9B
FY21
5.2B
FY22
5.5B
FY23
6.4B
FY24
5.6B
FY25
BLK 52-Week Range
$888.98
$1189.64
50-Day MA: $1010.53200-Day MA: $1073.61
Did you know?
Profit margin of 22.9% — that's well above average.
BlackRock Finance Inc (BLK) Financial Summary
BlackRock Finance Inc (BLK) is a Financial Services company in the Asset Management industry, listed on NYSE. The stock currently trades at $1053.47 with a market capitalization of $163.45B.
Key valuation metrics include a P/E ratio of 29.43, price-to-book ratio of 2.92, and EPS of $35.31. The company reports a profit margin of 22.9% and return on equity of 9.9%.
BLK Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $163.45B |
| P/E Ratio | 29.43 |
| EPS | $35.31 |
| P/B Ratio | 2.92 |
| P/S Ratio | 6.75 |
| EV/EBITDA | 17.70 |
| Dividend Yield | 2.05% |
| Profit Margin | 22.9% |
| Return on Equity | 9.9% |
| Debt/Equity | 0.27 |
BLK Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $14.54B | $4.48B |
| FY20 | $16.20B | $4.93B |
| FY21 | $19.37B | $5.90B |
| FY22 | $17.87B | $5.18B |
| FY23 | $17.86B | $5.50B |
| FY24 | $20.41B | $6.37B |
| FY25 | $24.22B | $5.55B |
BlackRock Finance Inc (BLK) Valuation
Based on GoodMoat's DCF model, BlackRock Finance Inc has a fair value estimate of $535.55. At the current price of $1053.47, the stock appears 96.7% overvalued relative to our intrinsic value estimate.
BLK Quality Indicators
BlackRock Finance Inc maintains a profit margin of 22.9% and an operating margin of 32.1%. Return on equity stands at 9.9%. Debt-to-equity ratio is 0.27.
About BlackRock Finance Inc
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable.
BLK Free Cash Flow
BlackRock Finance Inc generated $3.55B in trailing twelve-month free cash flow, representing an FCF yield of 2.17%. This moderate FCF yield indicates reasonable cash generation.
BLK Shares Outstanding
BlackRock Finance Inc has 0.16 billion shares outstanding at a share price of $1053.47, giving it a market capitalization of $163.45B.
BLK Recent Insider Trades
Recent insider transactions at BlackRock Finance Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Kushel J. Richard (Senior Managing Director) | SELL | 385 | $417690.39 |
| Cohen Stephen (Senior Managing Director) | SELL | 225 | $240651.00 |
| Cohen Stephen (Senior Managing Director) | SELL | 2,179 | $2.34M |