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BlackRock Inc is an asset management business based in the US. BlackRock shares (BLK) are listed on the NYSE and all prices are listed in US Dollars. BlackRock employs 16,900 staff and has a trailing 12-month revenue of around USD$18.1 billion.
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Since the stock market crash in March caused by coronavirus, BlackRock's stock price has had significant positive movement.
Its last market close was $907.26, which is 38.61% up on its pre-crash value of $557 and 180.04% up on the lowest point reached during the March crash when the stocks fell as low as $323.98.
If you had bought $1,000 worth of BlackRock stocks at the start of February 2020, those stocks would have been worth $618.82 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,714.72.
| Latest market close | $907.26 |
|---|---|
| 52-week range | $576.26 - $955.72 |
| 50-day moving average | $884.87 |
| 200-day moving average | $867.42 |
| Wall St. target price | $976.09 |
| PE ratio | 25.502 |
| Dividend yield | $15.52 (1.74%) |
| Earnings per share (TTM) | $35.58 |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the close of $907.26 from 2021-10-15
| 1 week (2021-10-08) | 7.44% |
|---|---|
| 1 month (2021-09-17) | 3.49% |
| 3 months (2021-07-16) | 3.68% |
| 6 months (2021-04-16) | 11.81% |
| 1 year (2020-10-16) | 38.01% |
|---|---|
| 2 years (2019-10-17) | 101.31% |
| 3 years (2018-10-17) | 120.29% |
| 5 years (2016-10-17) | 155.85% |
Valuing BlackRock stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of BlackRock's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
BlackRock's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, BlackRock shares trade at around 26x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
BlackRock's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.5408. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into BlackRock's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
BlackRock's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.5 billion.
The EBITDA is a measure of a BlackRock's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | $18.1 billion |
|---|---|
| Operating margin TTM | 39.29% |
| Gross profit TTM | $8.3 billion |
| Return on assets TTM | 2.65% |
| Return on equity TTM | 16.78% |
| Profit margin | 30.39% |
| Book value | $236.59 |
| Market capitalisation | $137.9 billion |
TTM: trailing 12 months
There are currently 1.7 million BlackRock shares held short by investors – that's known as BlackRock's "short interest". This figure is 16.7% up from 1.5 million last month.
There are a few different ways that this level of interest in shorting BlackRock shares can be evaluated.
BlackRock's "short interest ratio" (SIR) is the quantity of BlackRock shares currently shorted divided by the average quantity of BlackRock shares traded daily (recently around 514417.75147929). BlackRock's SIR currently stands at 3.38. In other words for every 100,000 BlackRock shares traded daily on the market, roughly 3380 shares are currently held short.
However BlackRock's short interest can also be evaluated against the total number of BlackRock shares, or, against the total number of tradable BlackRock shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case BlackRock's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 BlackRock shares in existence, roughly 10 shares are currently held short) or 0.0122% of the tradable shares (for every 100,000 tradable BlackRock shares, roughly 12 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against BlackRock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like BlackRock.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 22.4
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and BlackRock's overall score of 22.4 (as at 01/01/2019) is pretty good – landing it in it in the 34th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like BlackRock is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 1.97/100
BlackRock's environmental score of 1.97 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that BlackRock is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 10.38/100
BlackRock's social score of 10.38 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that BlackRock is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 12.06/100
BlackRock's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that BlackRock is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. BlackRock scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that BlackRock has, for the most part, managed to keep its nose clean.
Dividend payout ratio: 33.27% of net profits
Recently BlackRock has paid out, on average, around 33.27% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.82% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), BlackRock shareholders could enjoy a 1.82% return on their shares, in the form of dividend payments. In BlackRock's case, that would currently equate to about $15.52 per share.
While BlackRock's payout ratio might seem fairly standard, it's worth remembering that BlackRock may be investing much of the rest of its net profits in future growth.
BlackRock's most recent dividend payout was on 22 September 2021. The latest dividend was paid out to all shareholders who bought their shares by 3 September 2021 (the "ex-dividend date").
BlackRock's shares were split on 5 June 2007.
Over the last 12 months, BlackRock's shares have ranged in value from as little as $576.2649 up to $955.72. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while BlackRock's is 1.1947. This would suggest that BlackRock's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
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.
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