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BlackRock Floating Rate Income Trust logoBlackRock Floating Rate Income TrustBGT
$10.05-0.40%
BlackRock Floating Rate Income Trust logo

BlackRock Floating Rate Income Trust

BGT

$10.05

-$0.04 (-0.40%)

⊜ Compare
ProfitabilityN/AGrowthDecliningCash FlowCash burnValuationAttractively priced
What's changing

Revenue declined 22.7% YoY. The question is whether this is cyclical or a structural shift.

What deserves caution

Free cash flow declined 180% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$24M. The business is consuming cash, not generating it.

Valuation context

11.7x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.

Price History

-15.5%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$227M
EPS$0.86
P/E11.67
P/FCF-9.63
EV/EBITDA—
FCF Yield—
Div. Yield14.34%
Net Debt/FCF-3.0x
52-Week Range
$10.05$11.89

Profitability & Returns

Revenue (TTM)

$20M

▼ -22.7% YoY

Net Income (TTM)

$19M

▼ -22.4% YoY

Op. Margin

—

ROIC

—

Cash Flow & Balance Sheet

FCF (TTM)

-$24M

▼ -180.0% YoY

Op. Cash Flow (TTM)

-$24M

▼ -180.0% YoY

Net Debt

$71M

Cash & Equiv.

$3K

Continue Research

Is BlackRock Floating Rate Income Trust (BGT) overvalued?

At a P/E of 11.7, BlackRock Floating Rate Income Trust (BGT)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, BlackRock Floating Rate Income Trust scores 17/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 14.3%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

Is BlackRock Floating Rate Income Trust a high-quality business?+

BlackRock Floating Rate Income Trust scores 17 out of 100 on Intrinsiqq's quality score, a weighted blend of 4 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does BlackRock Floating Rate Income Trust (BGT) pay a dividend, and how much?+

Yes, BlackRock Floating Rate Income Trust pays a regular dividend of about $1.44 per share per year (typically in quarterly installments), a yield of roughly 14.3% at the current price. That is a payout ratio of about 167.3% of earnings, so the dividend is stretched at this level. BlackRock Floating Rate Income Trust has grown the dividend at roughly 17.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BGT's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is BlackRock Floating Rate Income Trust a good stock to buy right now?+

That depends on valuation and quality together, not either alone. you should weigh BGT's valuation and scores 17/100 on quality (lower-quality). It also yields about 14.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.