BIT Stock Analysis: Blackrock Multi Sector | NYSE
Asset Management | NYSE, USA | Market Cap: 658m USD | 12M Return: -6.1% | US09258A1079 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.40M
Qual. Beats: -2
Rev. Trend: 91.1%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
BlackRock Multi-Sector Income Trust (BIT) is a closed-end fixed income fund launched by BlackRock, Inc. and co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests primarily in loan and debt instruments across global fixed income markets. It was formed on February 25, 2013 and is domiciled in the United States, trading on the NYSE under the ticker BIT with a small-cap market value of approximately $712 million.
As a closed-end fund, BIT issues a fixed number of shares that trade on an exchange, with its price determined by market supply and demand rather than the net asset value used by open-end mutual funds. The fund sits within the asset management and custody banking sub-industry of the financials sector, reflecting BlackRocks role as one of the largest global investment managers overseeing fixed income strategies on behalf of investors.
- Fed rate cuts pressure floating-rate loan yields and net income
- Credit spread widening on loan defaults erodes NAV
- Distribution coverage ratio strained by rising leverage costs
| Net Income: 36.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.11 > 1.0 |
| NWC/Revenue: -605.4% < 20% (prev -56.32%; Δ -549.1% < -1%) |
| CFO/TA 0.03 > 3% & CFO 31.2m > Net Income 36.0m |
| Net Debt (441.1m) to EBITDA (49.2m): 8.96 < 3 |
| Current Ratio: 0.07 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.1m) vs 12m ago 43.82% < -2% |
| Gross Margin: 86.73% > 18% (prev 83.67%; Δ 3.06% > 0.5%) |
| Asset Turnover: 6.37% > 50% (prev 4.78%; Δ 1.58% > 0%) |
| Interest Coverage Ratio: 3.66 > 6 (EBIT TTM 49.2m / Interest Expense TTM 13.4m) |
| A: -0.34 (Total Current Assets 30.3m - Total Current Liabilities 447.9m) / Total Assets 1.23b |
| B: -0.07 (Retained Earnings -86.8m / Total Assets 1.23b) |
| C: 0.05 (EBIT TTM 49.2m / Avg Total Assets 1.08b) |
| D: 1.62 (Book Value of Equity 758.7m / Total Liabilities 469.0m) |
| Altman-Z'' = -0.46 = B |
As of September 27, 2026, the stock is trading at USD 11.23 with a total of 460,843 shares traded. Over the past week, the price has changed by -3.52%, over one month by -5.56%, over three months by -6.44% and over the past year by -6.05%.
Current recommended Stop Loss: 11.00 (which is 2% or 1.9 ATR below the current price).
Blackrock Multi Sector has no consensus analysts rating.
P/E Trailing = 20.9636
P/S = 18.8305
P/B = 0.8747
Revenue TTM = 69.0m USD
EBIT TTM = 49.2m USD
EBITDA TTM = 49.2m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 447.9m USD (from shortTermDebt, last quarter)
Debt = 447.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 441.1m USD (calculated: Debt 447.9m - CCE 6.81m)
Enterprise Value = 1.10b USD (657.9m + Debt 447.9m - CCE 6.81m)
Interest Coverage Ratio = 3.66 (Ebit TTM 49.2m / Interest Expense TTM 13.4m)
EV/FCF = 35.24x (Enterprise Value 1.10b / FCF TTM 31.2m)
FCF Yield = 2.84% (FCF TTM 31.2m / Enterprise Value 1.10b)
FCF Margin = 45.21% (FCF TTM 31.2m / Revenue TTM 69.0m)
Net Margin = 52.12% (Net Income TTM 36.0m / Revenue TTM 69.0m)
Gross Margin = 86.73% ((Revenue TTM 69.0m - Cost of Revenue TTM 9.16m) / Revenue TTM)
Gross Margin QoQ = 87.42% (prev 85.83%)
Tobins Q-Ratio = 0.90 (Enterprise Value 1.10b / Total Assets 1.23b)
Interest Expense / Debt = 3.00% (Interest Expense 13.4m / Debt 447.9m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 38.9m (EBIT 49.2m * (1 - 21.00%))
Current Ratio = 0.07 (Total Current Assets 30.3m / Total Current Liabilities 447.9m)
Debt / Equity = 0.59 (Debt 447.9m / totalStockholderEquity, last quarter 758.7m)
Debt / EBITDA = 8.96 (Net Debt 441.1m / EBITDA 49.2m)
Debt / FCF = 14.14 (Net Debt 441.1m / FCF TTM 31.2m)
Total Stockholder Equity = 683.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.32% (Net Income 36.0m / Total Assets 1.23b)
RoE = 5.26% (Net Income TTM 36.0m / Total Stockholder Equity 683.5m)
RoCE = 7.20% (EBIT 49.2m / Capital Employed (Equity 683.5m + L.T.Debt 0.0))
RoIC = 3.18% (NOPAT 38.9m / Invested Capital 1.22b)
WACC = 5.13% (E(657.9m)/V(1.11b) * Re(7.01%) + D(447.9m)/V(1.11b) * Rd(3.00%) * (1-Tc(0.21)))
Discount Rate = 7.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 79.81 | Cagr: 20.25%
[DCF] Terminal Value 74.11% ; FCFF base≈32.4m ; Y1≈30.1m ; Y5≈27.2m
[DCF] Fair Price = N/A (negative equity: EV 430.8m - Net Debt 441.1m = -10.3m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.24 | # QB: -2
Revenue Correlation: 91.14 | Revenue CAGR: 64.09% | SUE: N/A | # QB: 0