BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets
BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets
Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. (NYSE:BLK) with a price forecast of $929.
高盛的分析师亚历山大·布洛斯坦重申对贝莱德公司(NYSE:BLK)的买入评级,并给出929美元的价格预测。
According to Blostein, BlackRock's latest acquisition — buying Preqin, a private markets data and solutions provider, for$3.2 billion — will provide a meaningful opportunity for revenue synergies, primarily from increased distribution via BlackRock's broader network.
布洛斯坦表示,贝莱德最新的收购——以32亿美元收购私有市场数据和解决方案提供商Preqin,将为营业收入带来有意义的协同效应,主要来自于通过贝莱德更广泛的网络增加分销。
This transaction, funded with $3 billion of incremental debt, with just $200 million in cash, helps BlackRock expand into the emerging private markets data segment.
该交易是通过30亿美元的增量债务和仅有2亿美元现金资金支持的,有助于贝莱德扩展到新兴的私人市场数据领域。
Read Also: BlackRock's Aladdin Gets Smarter – $3.2B Deal Adds Preqin's Private Markets Data
阅读更多:贝莱德的阿拉丁变得更聪明——32亿美元收购增加了Preqin的私人市场数据
According to Preqin's reported financials, the company generated $166 million in revenues in 2022, and BlackRock expects it will generate ~$240 million in revenues in 2024 (relative to Visible Alpha Consensus revenue estimates of $20 billion for BlackRock in 2024).
根据Preqin披露的财务数据,该公司在2022年创造了1.66亿美元的营业收入,而贝莱德预计在2024年它将创造约2.4亿美元的营业收入(相对于Visible Alpha公司对贝莱德2024年200亿美元营收的一致预期)。
The transaction implies a valuation of ~13X management's 2024 revenue estimates, the analyst adds.
该交易估值约为管理层2024年营收预测的13倍,分析师补充说。
BlackRock also called out that the deal will have no impact on the previously communicated pace of dividends and repurchases – BlackRock previously spoke to expectations of at least $375 million of quarterly repurchases for the remainder of the year.
贝莱德还指出,这笔交易将不会对之前宣布的分红派息和股票回购计划产生影响——贝莱德此前表示,预计今年剩下的时间内每季度回购至少3.75亿美元的股票。
Over time, management sees opportunities to drive operating leverage and more profitable growth as Preqin is integrated into the BlackRock ecosystem, the analyst adds.
随着Preqin被整合到贝莱德的生态系统中,管理层也认为有机会推动运营杠杆和更有利可图的增长,分析师补充说。
Price Action: BLK shares are trading higher by 0.39% to $785.28 at last check Tuesday.
截至上周二最后一次检查,BLK股票上涨了0.39%,报785.28美元。
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