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BlackRock (MEX:BLK) Cyclically Adjusted FCF per Share : MXN534.04 (As of Mar. 2025)


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What is BlackRock Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

BlackRock's adjusted free cash flow per share for the three months ended in Mar. 2025 was MXN-157.552. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN534.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, BlackRock's average Cyclically Adjusted FCF Growth Rate was 4.70% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 7.10% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.80% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of BlackRock was 19.70% per year. The lowest was 5.10% per year. And the median was 10.70% per year.

As of today (2025-05-23), BlackRock's current stock price is MXN18733.00. BlackRock's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was MXN534.04. BlackRock's Cyclically Adjusted Price-to-FCF of today is 35.08.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BlackRock was 48.35. The lowest was 20.26. And the median was 29.74.


BlackRock Cyclically Adjusted FCF per Share Historical Data

The historical data trend for BlackRock's Cyclically Adjusted FCF per Share 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 Cyclically Adjusted FCF per Share Chart

BlackRock Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 364.51 434.32 470.30 413.85 538.02

BlackRock Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 408.50 466.66 486.14 538.02 534.04

Competitive Comparison of BlackRock's Cyclically Adjusted FCF per Share

For the Asset Management subindustry, BlackRock's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-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's Cyclically Adjusted Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BlackRock's Cyclically Adjusted Price-to-FCF falls into.


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BlackRock Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, BlackRock's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-157.552/134.9266*134.9266
=-157.552

Current CPI (Mar. 2025) = 134.9266.

BlackRock Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 89.543 100.684 119.997
201509 132.216 100.392 177.699
201512 111.276 99.792 150.453
201603 -60.940 100.470 -81.839
201606 47.530 101.688 63.066
201609 120.352 101.861 159.420
201612 158.304 101.863 209.688
201703 -20.818 102.862 -27.307
201706 143.459 103.349 187.292
201709 145.135 104.136 188.049
201712 160.838 104.011 208.644
201803 -19.326 105.290 -24.766
201806 168.721 106.317 214.124
201809 140.842 106.507 178.424
201812 51.748 105.998 65.871
201903 -34.313 107.251 -43.168
201906 107.063 108.070 133.670
201909 110.100 108.329 137.132
201912 138.429 108.420 172.272
202003 -147.814 108.902 -183.138
202006 246.523 108.767 305.814
202009 136.673 109.815 167.926
202012 250.905 109.897 308.050
202103 -81.938 111.754 -98.928
202106 217.757 114.631 256.310
202109 230.546 115.734 268.778
202112 240.859 117.630 276.277
202203 -73.792 121.301 -82.081
202206 201.771 125.017 217.765
202209 214.913 125.227 231.560
202212 235.935 125.222 254.220
202303 -56.589 127.348 -59.957
202306 105.089 128.729 110.149
202309 173.379 129.860 180.144
202312 211.887 129.419 220.903
202403 -52.188 131.776 -53.436
202406 166.237 132.554 169.213
202409 169.394 133.029 171.810
202412 335.688 133.157 340.149
202503 -157.552 134.927 -157.552

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


BlackRock  (MEX:BLK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

BlackRock's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=18733.00/534.04
=35.08

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BlackRock was 48.35. The lowest was 20.26. And the median was 29.74.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


BlackRock Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of BlackRock's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


BlackRock Business Description

Industry
Address
50 Hudson Yards, New York, NY, USA, 10001
BlackRock is the largest asset manager in the world, with $11.584 trillion in assets under management at the end of March 2025. Its product mix is diverse, with 53% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 8% in money market funds, and 4% in alternatives. Passive strategies account for 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 geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.