Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-19), BlackRock's Intrinsic Value: Projected FCF is $501.53. The stock price of BlackRock is $747.19. Therefore, BlackRock's Price-to-Intrinsic-Value-Projected-FCF of today is 1.5.
The historical rank and industry rank for BlackRock's Intrinsic Value: Projected FCF or its related term are showing as below:
BLK'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.95 Med: 1.32 Max: 1.79
Current: 1.49
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of BlackRock was 1.79. The lowest was 0.95. And the median was 1.32.
BLK's Price-to-Projected-FCF is ranked worse than 79.2% of 928
companies
in the Asset Management industry
Industry Median: 0.91
vs BLK: 1.49
BlackRock Intrinsic Value: Projected FCF Historical Data
The historical data trend for BlackRock's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
BlackRock Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Intrinsic Value: Projected FCF
389.80
438.19
511.63
502.40
501.53
BlackRock Quarterly Data
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Mar24
Intrinsic Value: Projected FCF
478.73
491.81
489.37
501.53
-
Competitive Comparison
For the Asset Management subindustry, BlackRock's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock Price-to-Projected-FCF Distribution
For the Asset Management industry and Financial Services sector, BlackRock's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where BlackRock's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
BlackRock's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
747.19
/
276.70088645272
=
2.70
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock Intrinsic Value: Projected FCF Related Terms
Thank you for viewing the detailed overview of BlackRock's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
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