BIT Stock Analysis: Blackrock Multi Sector | NYSE
Asset Management | NYSE, USA | Market Cap: 716m USD | 12M Return: -4.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.39M
Qual. Beats: 0
Rev. Trend: 91.1%
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 55.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -1.96 > 1.0 |
| NWC/Revenue: -501.2% < 20% (prev -28.65%; Δ -472.5% < -1%) |
| CFO/TA 0.02 > 3% & CFO 27.6m > Net Income 55.2m |
| Net Debt (330.7m) to EBITDA (68.4m): 4.84 < 3 |
| Current Ratio: 0.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.1m) vs 12m ago 51.00% < -2% |
| Gross Margin: 87.06% > 18% (prev 71.57%; Δ 15.49% > 0.5%) |
| Asset Turnover: 6.00% > 50% (prev 2.57%; Δ 3.43% > 0%) |
| Interest Coverage Ratio: 5.20 > 6 (EBIT TTM 68.4m / Interest Expense TTM 13.2m) |
| A: -0.28 (Total Current Assets 21.8m - Total Current Liabilities 336.4m) / Total Assets 1.14b |
| B: -0.05 (Retained Earnings -51.7m / Total Assets 1.14b) |
| C: 0.07 (EBIT TTM 68.4m / Avg Total Assets 1.05b) |
| D: 2.27 (Book Value of Equity 793.8m / Total Liabilities 349.1m) |
| Altman-Z'' = 0.87 = B |
As of July 08, 2026, the stock is trading at USD 12.53 with a total of 234,550 shares traded. Over the past week, the price has changed by +0.56%, over one month by +0.84%, over three months by +2.91% and over the past year by -4.29%.
Current recommended Stop Loss: 12.30 (which is 1.8% or 2.3 ATR below the current price).
Blackrock Multi Sector has no consensus analysts rating.
P/E Trailing = 11.8396
P/S = 12.7707
P/B = 0.8985
Revenue TTM = 62.8m USD
EBIT TTM = 68.4m USD
EBITDA TTM = 68.4m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 336.4m USD (from shortTermDebt, last quarter)
Debt = 336.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 330.7m USD (calculated: Debt 336.4m - CCE 5.75m)
Enterprise Value = 1.05b USD (716.1m + Debt 336.4m - CCE 5.75m)
Interest Coverage Ratio = 5.20 (Ebit TTM 68.4m / Interest Expense TTM 13.2m)
EV/FCF = 37.88x (Enterprise Value 1.05b / FCF TTM 27.6m)
FCF Yield = 2.64% (FCF TTM 27.6m / Enterprise Value 1.05b)
FCF Margin = 44.02% (FCF TTM 27.6m / Revenue TTM 62.8m)
Net Margin = 87.98% (Net Income TTM 55.2m / Revenue TTM 62.8m)
Gross Margin = 87.06% ((Revenue TTM 62.8m - Cost of Revenue TTM 8.13m) / Revenue TTM)
Gross Margin QoQ = 85.83% (prev 88.18%)
Tobins Q-Ratio = 0.92 (Enterprise Value 1.05b / Total Assets 1.14b)
Interest Expense / Debt = 3.91% (Interest Expense 13.2m / Debt 336.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 54.0m (EBIT 68.4m * (1 - 21.00%))
Current Ratio = 0.06 (Total Current Assets 21.8m / Total Current Liabilities 336.4m)
Debt / Equity = 0.42 (Debt 336.4m / totalStockholderEquity, last quarter 793.8m)
Debt / EBITDA = 4.84 (Net Debt 330.7m / EBITDA 68.4m)
Debt / FCF = 11.97 (Net Debt 330.7m / FCF TTM 27.6m)
Total Stockholder Equity = 633.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.28% (Net Income 55.2m / Total Assets 1.14b)
RoE = 8.72% (Net Income TTM 55.2m / Total Stockholder Equity 633.4m)
RoCE = 10.79% (EBIT 68.4m / Capital Employed (Equity 633.4m + L.T.Debt 0.0))
RoIC = 4.74% (NOPAT 54.0m / Invested Capital 1.14b)
WACC = 5.76% (E(716.1m)/V(1.05b) * Re(7.01%) + D(336.4m)/V(1.05b) * Rd(3.91%) * (1-Tc(0.21)))
Discount Rate = 7.01% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.61 | Cagr: 20.25%
[DCF] Terminal Value 73.10% ; FCFF base≈33.2m ; Y1≈29.1m ; Y5≈23.5m
[DCF] Fair Price = 0.83 (EV 377.8m - Net Debt 330.7m = Equity 47.2m / Shares 57.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.76 | # QB: 0
Revenue Correlation: 91.14 | Revenue CAGR: 64.09% | SUE: N/A | # QB: 0