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BALLARD POWER SYSTEMS INC (BLDP) Stock Fundamental Analysis

NASDAQ:BLDP - Nasdaq - CA0585861085 - Common Stock - Currency: USD

1.26  +0.05 (+4.13%)

After market: 1.28 +0.02 (+1.59%)

Fundamental Rating

2

Taking everything into account, BLDP scores 2 out of 10 in our fundamental rating. BLDP was compared to 92 industry peers in the Electrical Equipment industry. While BLDP seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, BLDP is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

BLDP had negative earnings in the past year.
In the past year BLDP has reported a negative cash flow from operations.
In the past 5 years BLDP always reported negative net income.
BLDP had a negative operating cash flow in each of the past 5 years.
BLDP Yearly Net Income VS EBIT VS OCF VS FCFBLDP 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

Looking at the Return On Assets, with a value of -39.62%, BLDP is doing worse than 66.67% of the companies in the same industry.
BLDP has a Return On Equity of -45.73%. This is comparable to the rest of the industry: BLDP outperforms 50.54% 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 Yearly ROA, ROE, ROICBLDP 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 Yearly Profit, Operating, Gross MarginsBLDP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150 -200

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4

2. Health

2.1 Basic Checks

BLDP does not have a ROIC to compare to the WACC, probably because it is not profitable.
BLDP has about the same amout of shares outstanding than it did 1 year ago.
BLDP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BLDP is higher compared to a year ago.
BLDP Yearly Shares OutstandingBLDP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M
BLDP Yearly Total Debt VS Total AssetsBLDP 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

BLDP has an Altman-Z score of -0.96. This is a bad value and indicates that BLDP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.96, BLDP is doing worse than 63.44% of the companies in the same industry.
A Debt/Equity ratio of 0.03 indicates that BLDP is not too dependend on debt financing.
The Debt to Equity ratio of BLDP (0.03) is better than 73.12% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z -0.96
ROIC/WACCN/A
WACC7.76%
BLDP Yearly LT Debt VS Equity VS FCFBLDP 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.
The Current ratio of BLDP (9.01) is better than 94.62% 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.
With an excellent Quick ratio value of 8.19, BLDP belongs to the best of the industry, outperforming 95.70% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.01
Quick Ratio 8.19
BLDP Yearly Current Assets VS Current LiabilitesBLDP 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

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5

3. Growth

3.1 Past

The earnings per share for BLDP have decreased strongly by -107.55% in the last year.
BLDP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.11%.
The Revenue has been growing slightly by 1.17% on average over the past years.
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

Based on estimates for the next years, BLDP will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.65% on average per year.
Based on estimates for the next years, BLDP will show a very strong growth in Revenue. The Revenue will grow by 27.31% on average per year.
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

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BLDP Yearly Revenue VS EstimatesBLDP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M
BLDP Yearly EPS VS EstimatesBLDP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -0.5 -1

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0

4. Valuation

4.1 Price/Earnings Ratio

BLDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year BLDP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BLDP Price Earnings VS Forward Price EarningsBLDP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

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

4.3 Compensation for Growth

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

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0

5. Dividend

5.1 Amount

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

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BALLARD POWER SYSTEMS INC

NASDAQ:BLDP (3/7/2025, 8:07:52 PM)

After market: 1.28 +0.02 (+1.59%)

1.26

+0.05 (+4.13%)

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/bmo
Inst Owners28.55%
Inst Owner Change10.51%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap377.29M
Analysts42.22
Price TargetN/A
Short Float %6.1%
Short Ratio1.56
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%
EPS NQ rev (3m)-0.63%
EPS NY rev (1m)0.4%
EPS NY rev (3m)-3.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.42%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.13
P/FCF N/A
P/OCF N/A
P/B 0.52
P/tB 0.53
EV/EBITDA N/A
EPS(TTM)-1.1
EYN/A
EPS(NY)-0.41
Fwd EYN/A
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)-0.34
OCFYN/A
SpS0.31
BVpS2.4
TBVpS2.4
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 -0.96
F-Score2
WACC7.76%
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