Logo image of BLDP.CA

BALLARD POWER SYSTEMS INC (BLDP.CA) Stock Fundamental Analysis

TSX:BLDP - Toronto Stock Exchange - CA0585861085 - Common Stock - Currency: CAD

2  -0.07 (-3.38%)

Fundamental Rating

3

Overall BLDP gets a fundamental rating of 3 out of 10. We evaluated BLDP against 14 industry peers in the Electrical Equipment industry. The financial health of BLDP is average, but there are quite some concerns on its profitability. BLDP is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

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.
BLDP.CA Yearly Net Income VS EBIT VS OCF VS FCFBLDP.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 -50M -100M -150M

1.2 Ratios

BLDP's Return On Assets of -39.62% is fine compared to the rest of the industry. BLDP outperforms 76.92% of its industry peers.
BLDP's Return On Equity of -45.73% is fine compared to the rest of the industry. BLDP outperforms 76.92% of its industry peers.
Industry RankSector Rank
ROA -39.62%
ROE -45.73%
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
BLDP.CA Yearly ROA, ROE, ROICBLDP.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -5 -10 -15

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 RankSector 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
BLDP.CA Yearly Profit, Operating, Gross MarginsBLDP.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150 -200

More info and screens

5

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.
Compared to 5 years ago, BLDP has more shares outstanding
BLDP has a worse debt/assets ratio than last year.
BLDP.CA Yearly Shares OutstandingBLDP.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BLDP.CA Yearly Total Debt VS Total AssetsBLDP.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

2.2 Solvency

Based on the Altman-Z score of -0.72, we must say that BLDP is in the distress zone and has some risk of bankruptcy.
BLDP has a Altman-Z score of -0.72. This is comparable to the rest of the industry: BLDP outperforms 53.85% 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.
The Debt to Equity ratio of BLDP (0.03) is better than 76.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z -0.72
ROIC/WACCN/A
WACC7.64%
BLDP.CA Yearly LT Debt VS Equity VS FCFBLDP.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B

2.3 Liquidity

A Current Ratio of 9.01 indicates that BLDP has no problem at all paying its short term obligations.
BLDP has a better Current ratio (9.01) than 92.31% of its industry peers.
BLDP has a Quick Ratio of 8.19. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 8.19, BLDP belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.01
Quick Ratio 8.19
BLDP.CA Yearly Current Assets VS Current LiabilitesBLDP.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

More info and screens

5

3. Growth

3.1 Past

The earnings per share for BLDP have decreased strongly by -107.55% in the last year.
Looking at the last year, BLDP shows a quite strong growth in Revenue. The Revenue has grown by 19.11% in the last year.
BLDP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.17% yearly.
EPS 1Y (TTM)-107.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-223.81%
Revenue 1Y (TTM)19.11%
Revenue growth 3Y-0.49%
Revenue growth 5Y1.17%
Sales Q2Q%-46.49%

3.2 Future

The Earnings Per Share is expected to grow by 9.65% on average over the next years. This is quite good.
BLDP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 27.31% yearly.
EPS Next Y-81.38%
EPS Next 2Y14.01%
EPS Next 3Y11.73%
EPS Next 5Y9.65%
Revenue Next Year-15.78%
Revenue Next 2Y3.07%
Revenue Next 3Y13.4%
Revenue Next 5Y27.31%

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.
BLDP.CA Yearly Revenue VS EstimatesBLDP.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M
BLDP.CA Yearly EPS VS EstimatesBLDP.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -0.5 -1

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BLDP. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BLDP. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BLDP.CA Price Earnings VS Forward Price EarningsBLDP.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BLDP.CA Per share dataBLDP.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.01%
EPS Next 3Y11.73%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for BLDP!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

BALLARD POWER SYSTEMS INC

TSX:BLDP (2/21/2025, 7:00:00 PM)

2

-0.07 (-3.38%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-05 2024-11-05/bmo
Earnings (Next)03-13 2025-03-13/amc
Inst Owners28.55%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap598.88M
Analysts42.22
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-197.11%
Min EPS beat(2)-412.82%
Max EPS beat(2)18.61%
EPS beat(4)2
Avg EPS beat(4)-105.06%
Min EPS beat(4)-412.82%
Max EPS beat(4)18.61%
EPS beat(8)4
Avg EPS beat(8)-55.55%
EPS beat(12)4
Avg EPS beat(12)-51.47%
EPS beat(16)4
Avg EPS beat(16)-44.88%
Revenue beat(2)0
Avg Revenue beat(2)-27.17%
Min Revenue beat(2)-38.59%
Max Revenue beat(2)-15.76%
Revenue beat(4)1
Avg Revenue beat(4)-9.11%
Min Revenue beat(4)-38.59%
Max Revenue beat(4)32.77%
Revenue beat(8)2
Avg Revenue beat(8)-11.44%
Revenue beat(12)3
Avg Revenue beat(12)-11.31%
Revenue beat(16)4
Avg Revenue beat(16)-10.55%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-0.63%
EPS NQ rev (3m)-0.63%
EPS NY rev (1m)-3.73%
EPS NY rev (3m)-112.96%
Revenue NQ rev (1m)0.74%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-23%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.62
P/FCF N/A
P/OCF N/A
P/B 0.59
P/tB 0.59
EV/EBITDA N/A
EPS(TTM)-1.56
EYN/A
EPS(NY)-0.59
Fwd EYN/A
FCF(TTM)-0.62
FCFYN/A
OCF(TTM)-0.48
OCFYN/A
SpS0.43
BVpS3.41
TBVpS3.4
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -39.62%
ROE -45.73%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM 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
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/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
F-Score2
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 195.96%
Cap/Sales 31.82%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.01
Quick Ratio 8.19
Altman-Z -0.72
F-Score2
WACC7.64%
ROIC/WACCN/A
Cap/Depr(3y)238.24%
Cap/Depr(5y)214.09%
Cap/Sales(3y)32.2%
Cap/Sales(5y)24.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-107.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-223.81%
EPS Next Y-81.38%
EPS Next 2Y14.01%
EPS Next 3Y11.73%
EPS Next 5Y9.65%
Revenue 1Y (TTM)19.11%
Revenue growth 3Y-0.49%
Revenue growth 5Y1.17%
Sales Q2Q%-46.49%
Revenue Next Year-15.78%
Revenue Next 2Y3.07%
Revenue Next 3Y13.4%
Revenue Next 5Y27.31%
EBIT growth 1Y-4.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-6.07%
EBIT Next 3Y12.86%
EBIT Next 5Y10.82%
FCF growth 1Y21.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y27.97%
OCF growth 3YN/A
OCF growth 5YN/A