Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

BlackRock, Inc. (BLK)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$801.05 - $1,850.57$1,171.49
Multi-Stage$632.95 - $690.60$661.26
Blended Fair Value$916.37
Current Price$1,165.87
Upside-21.40%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.15%8.77%19.8019.3819.0916.2614.4313.3812.5710.619.869.42
YoY Growth--2.17%1.51%17.39%12.70%7.82%6.50%18.41%7.57%4.67%10.31%
Dividend Yield--2.09%2.34%2.85%2.13%1.91%3.04%2.87%1.96%2.57%2.77%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6,096.00
(-) Cash Dividends Paid (M)3,288.00
(=) Cash Retained (M)2,808.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,219.20762.00457.20
Cash Retained (M)2,808.002,808.002,808.00
(-) Cash Required (M)-1,219.20-762.00-457.20
(=) Excess Retained (M)1,588.802,046.002,350.80
(/) Shares Outstanding (M)156.63156.63156.63
(=) Excess Retained per Share10.1413.0615.01
LTM Dividend per Share20.9920.9920.99
(+) Excess Retained per Share10.1413.0615.01
(=) Adjusted Dividend31.1434.0636.00
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.02%6.02%7.02%
Fair Value$801.05$1,171.49$1,850.57
Upside / Downside-31.29%0.48%58.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6,096.006,462.746,851.547,263.737,700.728,164.008,408.92
Payout Ratio53.94%61.15%68.36%75.57%82.79%90.00%92.50%
Projected Dividends (M)3,288.003,951.944,683.865,489.556,375.237,347.607,778.25

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.02%6.02%7.02%
Year 1 PV (M)3,588.213,622.383,656.54
Year 2 PV (M)3,861.353,935.244,009.82
Year 3 PV (M)4,109.024,227.534,348.29
Year 4 PV (M)4,332.764,500.174,672.38
Year 5 PV (M)4,534.004,754.034,982.51
PV of Terminal Value (M)78,710.2082,529.7886,496.23
Equity Value (M)99,135.54103,569.11108,165.77
Shares Outstanding (M)156.63156.63156.63
Fair Value$632.95$661.26$690.60
Upside / Downside-45.71%-43.28%-40.76%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%