Fundamental Analysis of BALLARD POWER SYSTEMS INC(TSX:BLDP) stock

Fundamental Rating

Taking everything into account, BLDP scores 3 out of 10 in our fundamental rating. BLDP was compared to 14 industry peers in the Electrical Equipment industry. BLDP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BLDP is quite expensive at the moment. It does show a decent growth rate.

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1. Profitability

1.1 Basic Checks

In the past year BLDP has reported negative net income.

BLDP had a negative operating cash flow in the past year.

BLDP had negative earnings in each of the past 5 years.

In the past 5 years BLDP always reported negative operating cash flow.

1.2 Ratios

Looking at the Return On Assets, with a value of -18.26%, BLDP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.

BLDP's Return On Equity of -20.22% is fine compared to the rest of the industry. BLDP outperforms 71.43% of its industry peers.

		Industry Rank	Sector Rank
ROA	-18.26%
ROE	-20.22%
ROIC	N/A

ROA(3y)-12.78%

ROA(5y)-11.02%

ROE(3y)-13.83%

ROE(5y)-12.57%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

BLDP does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

BLDP does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, BLDP has about the same amount of shares outstanding.

The number of shares outstanding for BLDP has been increased compared to 5 years ago.

BLDP has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 0.98, we must say that BLDP is in the distress zone and has some risk of bankruptcy.

BLDP has a better Altman-Z score (0.98) than 64.29% of its industry peers.

BLDP has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.

BLDP has a Debt to Equity ratio of 0.03. This is in the better half of the industry: BLDP outperforms 71.43% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.03
Debt/FCF	N/A
Altman-Z	0.98

ROIC/WACCN/A

WACC9.7%

2.3 Liquidity

BLDP has a Current Ratio of 10.90. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.

The Current ratio of BLDP (10.90) is better than 92.86% of its industry peers.

A Quick Ratio of 10.05 indicates that BLDP has no problem at all paying its short term obligations.

With an excellent Quick ratio value of 10.05, BLDP belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	10.9
Quick Ratio	10.05

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

BLDP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.96%.

Looking at the last year, BLDP shows a very strong growth in Revenue. The Revenue has grown by 47.84%.

BLDP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.

EPS 1Y (TTM)-36.96%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-10%

Revenue 1Y (TTM)47.84%

Revenue growth 3Y-0.49%

Revenue growth 5Y1.17%

Sales Q2Q%4.54%

3.2 Future

BLDP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.83% yearly.

Based on estimates for the next years, BLDP will show a very strong growth in Revenue. The Revenue will grow by 46.66% on average per year.

EPS Next Y13.93%

EPS Next 2Y9.35%

EPS Next 3Y10.09%

EPS Next 5Y11.83%

Revenue Next Year14.05%

Revenue Next 2Y22.1%

Revenue Next 3Y29.19%

Revenue Next 5Y46.66%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BLDP. In the last year negative earnings were reported.

Also next year BLDP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y9.35%

EPS Next 3Y10.09%

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5. Dividend

5.1 Amount

No dividends for BLDP!.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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BALLARD POWER SYSTEMS INC

TSX:BLDP (9/6/2024, 7:00:00 PM)

2.26

+0.01 (+0.44%)

Chartmill FA Rating

GICS SectorIndustrials

GICS IndustryGroupCapital Goods

GICS IndustryElectrical Equipment

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap676.66M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-18.26%
ROE	-20.22%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.1

Health

		Industry Rank	Sector Rank
Debt/Equity	0.03
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	10.9
Quick Ratio	10.05
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)-36.96%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y13.93%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)47.84%

Revenue growth 3Y-0.49%

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

BALLARD POWER SYSTEMS INC (BLDP.CA)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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