(BIT) Blackrock Multi Sector - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 705m USD | Total Return: -2.5% in 12m
Avg Turnover: 3.05M
Qual. Beats: 0
Rev. Trend: 91.1%
Warnings
Share dilution 51.0% YoY
Choppy
Tailwinds
No distinct edge detected
BlackRock Multi-Sector Income Trust (BIT) is a closed-end management investment company designed to provide high current income through a diversified portfolio of fixed-income securities. The fund primarily allocates capital toward loan and debt instruments, including corporate bonds, government securities, and asset-backed debt. Unlike open-end mutual funds, closed-end funds issue a fixed number of shares that trade on an exchange, often resulting in the share price trading at a premium or discount to the funds actual net asset value.
The funds multi-sector strategy allows managers to shift allocations between high-yield, investment-grade, and emerging market debt based on prevailing interest rate environments and credit cycles. This flexibility is a common characteristic of asset management firms seeking to mitigate risk while capturing yield across global credit markets. Detailed performance metrics and historical distribution data are available for further review on ValueRay.
- Interest rate volatility impacts net asset value and cost of leverage
- High-yield credit spreads determine total return performance and distribution safety
- Global macroeconomic shifts influence valuation of multi-sector fixed income holdings
- Leverage utilization levels drive earnings power and monthly distribution stability
- Changes in secondary market pricing relative to net asset value affects premium-discount volatility
| Net Income: 40.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -4.53 > 1.0 |
| NWC/Revenue: -10.00% < 20% (prev -29.86%; Δ 19.86% < -1%) |
| CFO/TA 0.06 > 3% & CFO 69.2m > Net Income 40.2m |
| Net Debt (335.7m) to EBITDA (68.9m): 4.87 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (57.1m) vs 12m ago 51.00% < -2% |
| Gross Margin: 82.72% > 18% (prev 0.79%; Δ 8.19k% > 0.5%) |
| Asset Turnover: 8.65% > 50% (prev 7.79%; Δ 0.87% > 0%) |
| Interest Coverage Ratio: 2.40 > 6 (EBITDA TTM 68.9m / Interest Expense TTM 28.7m) |
| A: -0.01 (Total Current Assets 730k - Total Current Liabilities 9.45m) / Total Assets 1.14b |
| B: -0.05 (Retained Earnings -51.7m / Total Assets 1.14b) |
| C: 0.07 (EBIT TTM 68.9m / Avg Total Assets 1.01b) |
| D: 2.27 (Book Value of Equity 793.8m / Total Liabilities 349.1m) |
| Altman-Z'' = 2.65 = A |
As of May 24, 2026, the stock is trading at USD 12.44 with a total of 213,565 shares traded.
Over the past week, the price has changed by +0.57%,
over one month by -0.84%,
over three months by -2.28% and
over the past year by -2.53%.
Blackrock Multi Sector has no consensus analysts rating.
P/S = 12.6175
P/B = 0.8878
Revenue TTM = 87.2m USD
EBIT TTM = 68.9m USD
EBITDA TTM = 68.9m USD
Long Term Debt = unknown (none)
Short Term Debt = 336.4m USD (from shortTermDebt, last fiscal year)
Debt = 336.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 335.7m USD (calculated: Debt 336.4m - CCE 726k)
Enterprise Value = 1.04b USD (704.7m + Debt 336.4m - CCE 726k)
Interest Coverage Ratio = 2.40 (Ebit TTM 68.9m / Interest Expense TTM 28.7m)
EV/FCF = 15.03x (Enterprise Value 1.04b / FCF TTM 69.2m)
FCF Yield = 6.65% (FCF TTM 69.2m / Enterprise Value 1.04b)
FCF Margin = 79.39% (FCF TTM 69.2m / Revenue TTM 87.2m)
Net Margin = 46.07% (Net Income TTM 40.2m / Revenue TTM 87.2m)
Gross Margin = 82.72% ((Revenue TTM 87.2m - Cost of Revenue TTM 15.1m) / Revenue TTM)
Gross Margin QoQ = 85.83% (prev 88.18%)
Tobins Q-Ratio = 0.91 (Enterprise Value 1.04b / Total Assets 1.14b)
Interest Expense / Debt = 8.53% (Interest Expense 28.7m / Debt 336.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 54.4m (EBIT 68.9m * (1 - 21.00%))
Current Ratio = 0.08 (Total Current Assets 730k / Total Current Liabilities 9.45m)
Debt / Equity = 0.42 (Debt 336.4m / totalStockholderEquity, last quarter 793.8m)
Debt / EBITDA = 4.87 (Net Debt 335.7m / EBITDA 68.9m)
Debt / FCF = 4.85 (Net Debt 335.7m / FCF TTM 69.2m)
Total Stockholder Equity = 633.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.99% (Net Income 40.2m / Total Assets 1.14b)
RoE = 5.86% (Net Income TTM 40.2m / Total Stockholder Equity 685.1m)
RoCE = 6.08% (EBIT 68.9m / Capital Employed (Total Assets 1.14b - Current Liab 9.45m))
RoIC = 3.70% (NOPAT 54.4m / Invested Capital 1.47b)
WACC = 6.95% (E(704.7m)/V(1.04b) * Re(7.05%) + D(336.4m)/V(1.04b) * Rd(8.53%) * (1-Tc(0.21)))
Discount Rate = 7.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.61 | Cagr: 20.25%
[DCF] Terminal Value 73.10% ; FCFF base≈78.5m ; Y1≈68.9m ; Y5≈55.6m
[DCF] Fair Price = 9.77 (EV 893.0m - Net Debt 335.7m = Equity 557.3m / Shares 57.1m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.68 | # QB: 0
Revenue Correlation: 91.14 | Revenue CAGR: 64.09% | SUE: N/A | # QB: 0