Logo image of BLDP

BALLARD POWER SYSTEMS INC (BLDP) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BLDP - CA0585861085 - Common Stock

2.72 USD
-0.17 (-5.88%)
Last: 12/12/2025, 8:16:03 PM
2.8 USD
+0.08 (+2.94%)
After Hours: 12/12/2025, 8:16:03 PM
Fundamental Rating

3

Overall BLDP gets a fundamental rating of 3 out of 10. We evaluated BLDP against 91 industry peers in the Electrical Equipment industry. The financial health of BLDP is average, but 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

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.
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 2024 -100M -200M -300M

1.2 Ratios

BLDP has a Return On Assets (-16.87%) which is in line with its industry peers.
BLDP has a Return On Equity of -19.75%. This is comparable to the rest of the industry: BLDP outperforms 58.24% of its industry peers.
Industry RankSector Rank
ROA -16.87%
ROE -19.75%
ROIC N/A
ROA(3y)-24.04%
ROA(5y)-17.06%
ROE(3y)-27.03%
ROE(5y)-19.08%
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 2024 -10 -20 -30 -40

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for BLDP so they could not be analyzed.
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 2024 0 -100 -200 -300 -400

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.
The number of shares outstanding for BLDP remains at a similar level compared to 1 year ago.
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.
BLDP Yearly Shares OutstandingBLDP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 500M 1B

2.2 Solvency

Based on the Altman-Z score of 1.10, we must say that BLDP is in the distress zone and has some risk of bankruptcy.
BLDP's Altman-Z score of 1.10 is in line compared to the rest of the industry. BLDP outperforms 52.75% 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 1.1
ROIC/WACCN/A
WACC7.67%
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 2024 0 500M 1B

2.3 Liquidity

BLDP has a Current Ratio of 8.33. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 8.33, BLDP belongs to the best of the industry, outperforming 93.41% of the companies in the same industry.
BLDP has a Quick Ratio of 7.53. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 7.53, BLDP belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.33
Quick Ratio 7.53
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 2024 200M 400M 600M 800M 1B

More info and screens

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 64.55% over the past year.
The Revenue has decreased by -1.20% in the past year.
BLDP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.98% yearly.
EPS 1Y (TTM)64.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.76%
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%120.26%

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 14.87% yearly.
Based on estimates for the next years, BLDP will show a very strong growth in Revenue. The Revenue will grow by 22.16% on average per year.
EPS Next Y69.15%
EPS Next 2Y33.01%
EPS Next 3Y22.16%
EPS Next 5Y14.87%
Revenue Next Year25.43%
Revenue Next 2Y17.84%
Revenue Next 3Y16.92%
Revenue Next 5Y22.16%

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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030 2031 0 -0.5 -1

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

BLDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 Price Earnings VS Forward Price EarningsBLDP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

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 0.5 1 1.5 2

4.3 Compensation for Growth

A more expensive valuation may be justified as BLDP's earnings are expected to grow with 22.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.01%
EPS Next 3Y22.16%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for BLDP!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

BALLARD POWER SYSTEMS INC

NASDAQ:BLDP (12/12/2025, 8:16:03 PM)

After market: 2.8 +0.08 (+2.94%)

2.72

-0.17 (-5.88%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-13 2025-11-13/bmo
Earnings (Next)03-11 2026-03-11/amc
Inst Owners31.88%
Inst Owner Change-1.18%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap817.58M
Revenue(TTM)90.25M
Net Income(TTM)-119.86M
Analysts42.22
Price TargetN/A
Short Float %5.54%
Short Ratio1.7
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)2
Avg EPS beat(2)19.32%
Min EPS beat(2)18.62%
Max EPS beat(2)20.03%
EPS beat(4)3
Avg EPS beat(4)14.65%
Min EPS beat(4)-14.08%
Max EPS beat(4)34.01%
EPS beat(8)5
Avg EPS beat(8)-45.21%
EPS beat(12)7
Avg EPS beat(12)-32.15%
EPS beat(16)7
Avg EPS beat(16)-34.94%
Revenue beat(2)1
Avg Revenue beat(2)16.44%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)33.98%
Revenue beat(4)1
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-20.95%
Max Revenue beat(4)33.98%
Revenue beat(8)2
Avg Revenue beat(8)-4.25%
Revenue beat(12)3
Avg Revenue beat(12)-7.43%
Revenue beat(16)4
Avg Revenue beat(16)-8.33%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)9.14%
EPS NQ rev (3m)8.7%
EPS NY rev (1m)7.44%
EPS NY rev (3m)5.83%
Revenue NQ rev (1m)-1.54%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)9.52%
Revenue NY rev (3m)9.43%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 9.06
P/FCF N/A
P/OCF N/A
P/B 1.35
P/tB 1.35
EV/EBITDA N/A
EPS(TTM)-0.39
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)-0.35
FCFYN/A
OCF(TTM)-0.31
OCFYN/A
SpS0.3
BVpS2.02
TBVpS2.01
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.87%
ROE -19.75%
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)-24.04%
ROA(5y)-17.06%
ROE(3y)-27.03%
ROE(5y)-19.08%
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
ROICexgc growth 3YN/A
ROICexgc 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-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 301.96%
Cap/Sales 13.66%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 8.33
Quick Ratio 7.53
Altman-Z 1.1
F-Score5
WACC7.67%
ROIC/WACCN/A
Cap/Depr(3y)264.88%
Cap/Depr(5y)223.12%
Cap/Sales(3y)40.71%
Cap/Sales(5y)29.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)64.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.76%
EPS Next Y69.15%
EPS Next 2Y33.01%
EPS Next 3Y22.16%
EPS Next 5Y14.87%
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%120.26%
Revenue Next Year25.43%
Revenue Next 2Y17.84%
Revenue Next 3Y16.92%
Revenue Next 5Y22.16%
EBIT growth 1Y38.02%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year37.89%
EBIT Next 3Y20.48%
EBIT Next 5Y12.54%
FCF growth 1Y33.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.35%
OCF growth 3YN/A
OCF growth 5YN/A

BALLARD POWER SYSTEMS INC / BLDP FAQ

What is the fundamental rating for BLDP stock?

ChartMill assigns a fundamental rating of 3 / 10 to BLDP.


What is the valuation status of BALLARD POWER SYSTEMS INC (BLDP) stock?

ChartMill assigns a valuation rating of 1 / 10 to BALLARD POWER SYSTEMS INC (BLDP). This can be considered as Overvalued.


What is the profitability of BLDP stock?

BALLARD POWER SYSTEMS INC (BLDP) has a profitability rating of 1 / 10.


What is the earnings growth outlook for BALLARD POWER SYSTEMS INC?

The Earnings per Share (EPS) of BALLARD POWER SYSTEMS INC (BLDP) is expected to grow by 69.15% in the next year.