Company Valuation: BlackRock, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 139,089 106,433 120,765 158,768 166,064 172,881 - -
Change - -23.48% 13.47% 31.47% 4.6% 4.11% - -
Enterprise Value (EV) 1 137,212 105,671 119,947 158,320 167,365 170,826 166,064 159,886
Change - -22.99% 13.51% 31.99% 5.71% 2.07% -2.79% -3.72%
P/E 24x 20.9x 22.2x 24.4x 30.3x 21.2x 17.8x 15.8x
PBR 3.68x 2.81x 3.06x 3.34x 2.97x 3.01x 2.79x 2.54x
PEG - -1.9x 2.97x 1.6x -1.9x 0.4x 0.9x 1.2x
Capitalization / Revenue 7.18x 5.95x 6.76x 7.78x 6.86x 5.86x 5.28x 4.73x
EV / Revenue 7.08x 5.91x 6.72x 7.76x 6.91x 5.79x 5.07x 4.38x
EV / EBITDA 17.4x 15.5x 17.9x 19.5x 15.6x 12.5x 10.6x 9.26x
EV / EBIT 18.4x 16.5x 19.1x 20.9x 23.8x 14.9x 12.7x 10.6x
EV / FCF 29.8x 23.9x 31.4x 33.7x 47.1x 18.3x 15x 12.6x
FCF Yield 3.35% 4.19% 3.19% 2.97% 2.12% 5.47% 6.65% 7.92%
Dividend per Share 2 16.52 19.52 20 20.4 20.84 22.92 24.77 27.2
Rate of return 1.8% 2.75% 2.46% 1.99% 1.95% 2.05% 2.21% 2.43%
EPS 2 38.22 33.97 36.51 42.01 35.31 52.65 62.77 70.76
Distribution rate 43.2% 57.5% 54.8% 48.6% 59% 43.5% 39.5% 38.4%
Net sales 1 19,374 17,873 17,859 20,407 24,216 29,510 32,755 36,515
EBITDA 1 7,865 6,803 6,702 8,103 10,726 13,655 15,629 17,269
EBIT 1 7,450 6,385 6,275 7,574 7,045 11,497 13,107 15,121
Net income 1 5,901 5,178 5,502 6,369 5,553 8,577 9,873 11,001
Net Debt 1 -1,877 -762 -818 -448 1,301 -2,056 -6,818 -12,995
Reference price 2 915.56 708.63 811.80 1,025.11 1,070.34 1,118.25 1,118.25 1,118.25
Nbr of stocks (in thousands) 151,917 150,196 148,762 154,879 155,151 154,600 - -
Announcement Date 1/14/22 1/13/23 1/12/24 1/15/25 1/15/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.24x5.79x12.51x2.05% 173B
13.18x3.26x - 2.68% 142B
15.57x7.18x - 1.59% 97.75B
19.64x7.07x12.58x4.31% 94.37B
14.41x9.79x16.77x0.86% 81.99B
22.23x11.69x19.1x4.26% 75.23B
18.22x10.47x8.06x1.98% 66.63B
12.48x4.8x - 2.09% 45.79B
Average 17.12x 7.51x 13.81x 2.48% 97.11B
Weighted average by Cap. 17.45x 6.99x 13.64x 2.47%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BlackRock, Inc.

Historical PBR trend

Valuation ratios - PBR - BlackRock, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BlackRock, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BlackRock, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - BlackRock, Inc.