BLACKBAUD INC (BLKB) Stock Fundamental Analysis
NASDAQ:BLKB - Nasdaq - US09227Q1004 - Common Stock - Currency: USD
BLKB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 285 industry peers in the Software industry. While BLKB is still in line with the averages on profitability rating, there are concerns on its financial health. BLKB is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year BLKB was profitable.
BLKB had a positive operating cash flow in the past year.
In multiple years BLKB reported negative net income over the last 5 years.
Each year in the past 5 years BLKB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BLKB (-11.35%) is worse than 62.11% of its industry peers.
BLKB has a Return On Equity of -199.43%. This is amonst the worse of the industry: BLKB underperforms 80.00% of its industry peers.
BLKB has a Return On Invested Capital of 8.57%. This is amongst the best in the industry. BLKB outperforms 82.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.35% | ||
| ROE | -199.43% | ||
| ROIC | 8.57% |
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Operating Margin value of 11.67%, BLKB is doing good in the industry, outperforming 79.30% of the companies in the same industry.
In the last couple of years the Operating Margin of BLKB has grown nicely.
BLKB has a Gross Margin of 55.32%. This is in the lower half of the industry: BLKB underperforms 64.21% of its industry peers.
In the last couple of years the Gross Margin of BLKB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.67% | ||
| PM (TTM) | N/A | ||
| GM | 55.32% |
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BLKB is destroying value.
The number of shares outstanding for BLKB has been reduced compared to 1 year ago.
Compared to 5 years ago, BLKB has more shares outstanding
BLKB has a worse debt/assets ratio than last year.
2.2 Solvency
BLKB has an Altman-Z score of 1.26. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.26, BLKB is in line with its industry, outperforming 41.40% of the companies in the same industry.
BLKB has a debt to FCF ratio of 4.70. This is a neutral value as BLKB would need 4.70 years to pay back of all of its debts.
BLKB has a Debt to FCF ratio of 4.70. This is comparable to the rest of the industry: BLKB outperforms 57.89% of its industry peers.
A Debt/Equity ratio of 7.40 is on the high side and indicates that BLKB has dependencies on debt financing.
With a Debt to Equity ratio value of 7.40, BLKB is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.4 | ||
| Debt/FCF | 4.7 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.8
WACC10.71%
2.3 Liquidity
A Current Ratio of 0.78 indicates that BLKB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.78, BLKB is doing worse than 84.21% of the companies in the same industry.
A Quick Ratio of 0.78 indicates that BLKB may have some problems paying its short term obligations.
BLKB has a Quick ratio of 0.78. This is amonst the worse of the industry: BLKB underperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.03% over the past year.
BLKB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.74% yearly.
BLKB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.53%.
BLKB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.12% yearly.
EPS 1Y (TTM)3.03%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%-5.26%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%2.45%
3.2 Future
The Earnings Per Share is expected to grow by 6.58% on average over the next years.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 3.33% on average per year.
EPS Next Y4.37%
EPS Next 2Y5.81%
EPS Next 3Y-2.22%
EPS Next 5Y6.58%
Revenue Next Year-3.39%
Revenue Next 2Y0.38%
Revenue Next 3Y2.16%
Revenue Next 5Y3.33%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.63 indicates a correct valuation of BLKB.
83.51% of the companies in the same industry are more expensive than BLKB, based on the Price/Earnings ratio.
BLKB is valuated rather cheaply when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.97 indicates a correct valuation of BLKB.
Based on the Price/Forward Earnings ratio, BLKB is valued cheaper than 84.91% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BLKB to the average of the S&P500 Index (21.38), we can say BLKB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 14.97 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 84.21% of the companies listed in the same industry.
89.12% of the companies in the same industry are more expensive than BLKB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.73 | ||
| EV/EBITDA | 16.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BLKB does not grow enough to justify the current Price/Earnings ratio.
A cheap valuation may be justified as BLKB's earnings are expected to decrease with -2.22% in the coming years.
PEG (NY)3.57
PEG (5Y)1.23
EPS Next 2Y5.81%
EPS Next 3Y-2.22%
5. Dividend
5.1 Amount
BLKB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
63.77
+0.34 (+0.54%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners74.86%
Inst Owner Change0.11%
Ins Owners1.61%
Ins Owner Change3.78%
Market Cap3.14B
Analysts50
Price Target77.14 (20.97%)
Short Float %2.42%
Short Ratio2.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.65%
Min EPS beat(2)-8.95%
Max EPS beat(2)-0.35%
EPS beat(4)2
Avg EPS beat(4)-1.27%
Min EPS beat(4)-8.95%
Max EPS beat(4)2.22%
EPS beat(8)6
Avg EPS beat(8)2.42%
EPS beat(12)9
Avg EPS beat(12)3.02%
EPS beat(16)13
Avg EPS beat(16)5.45%
Revenue beat(2)0
Avg Revenue beat(2)-3.38%
Min Revenue beat(2)-4.32%
Max Revenue beat(2)-2.45%
Revenue beat(4)0
Avg Revenue beat(4)-3.13%
Min Revenue beat(4)-4.32%
Max Revenue beat(4)-2.45%
Revenue beat(8)0
Avg Revenue beat(8)-2.74%
Revenue beat(12)0
Avg Revenue beat(12)-2.5%
Revenue beat(16)2
Avg Revenue beat(16)-1.67%
PT rev (1m)0%
PT rev (3m)-7.66%
EPS NQ rev (1m)-0.06%
EPS NQ rev (3m)-8.88%
EPS NY rev (1m)-2%
EPS NY rev (3m)-10.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.69%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-8.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.63 | ||
| Fwd PE | 14.97 | ||
| P/S | 2.72 | ||
| P/FCF | 13.73 | ||
| P/OCF | 10.61 | ||
| P/B | 22.11 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.1 |
EPS(TTM)4.08
EY6.4%
EPS(NY)4.26
Fwd EY6.68%
FCF(TTM)4.65
FCFY7.29%
OCF(TTM)6.01
OCFY9.43%
SpS23.47
BVpS2.88
TBVpS-21.19
PEG (NY)3.57
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.35% | ||
| ROE | -199.43% | ||
| ROCE | 10.84% | ||
| ROIC | 8.57% | ||
| ROICexc | 9.06% | ||
| ROICexgc | N/A | ||
| OM | 11.67% | ||
| PM (TTM) | N/A | ||
| GM | 55.32% | ||
| FCFM | 19.8% |
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
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 3Y93.05%
ROICexc growth 5Y27.63%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
F-Score6
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.4 | ||
| Debt/FCF | 4.7 | ||
| Debt/EBITDA | 4.1 | ||
| Cap/Depr | 55.23% | ||
| Cap/Sales | 5.82% | ||
| Interest Coverage | 2.6 | ||
| Cash Conversion | 115.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 1.26 |
F-Score6
WACC10.71%
ROIC/WACC0.8
Cap/Depr(3y)61.08%
Cap/Depr(5y)64.81%
Cap/Sales(3y)6.11%
Cap/Sales(5y)6.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.03%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%-5.26%
EPS Next Y4.37%
EPS Next 2Y5.81%
EPS Next 3Y-2.22%
EPS Next 5Y6.58%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%2.45%
Revenue Next Year-3.39%
Revenue Next 2Y0.38%
Revenue Next 3Y2.16%
Revenue Next 5Y3.33%
EBIT growth 1Y168.03%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year24.53%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y68.83%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y48.26%
OCF growth 3Y11.47%
OCF growth 5Y10.15%