BLACKBAUD INC (BLKB) Fundamental Analysis & Valuation

NASDAQ:BLKB • US09227Q1004

Current stock price

37.49 USD
+1.3 (+3.59%)
At close:
37.49 USD
0 (0%)
After Hours:

This BLKB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. BLKB Profitability Analysis

1.1 Basic Checks

  • In the past year BLKB was profitable.
  • In the past year BLKB had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BLKB reported negative net income in multiple years.
  • BLKB had a positive operating cash flow in each of the past 5 years.
BLKB Yearly Net Income VS EBIT VS OCF VS FCFBLKB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

1.2 Ratios

  • BLKB's Return On Assets of 4.81% is fine compared to the rest of the industry. BLKB outperforms 70.96% of its industry peers.
  • BLKB has a Return On Equity of 135.24%. This is amongst the best in the industry. BLKB outperforms 98.53% of its industry peers.
  • The Return On Invested Capital of BLKB (13.78%) is better than 90.44% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BLKB is below the industry average of 10.78%.
  • The last Return On Invested Capital (13.78%) for BLKB is above the 3 year average (8.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROIC 13.78%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
ROIC(5y)N/A
BLKB Yearly ROA, ROE, ROICBLKB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200

1.3 Margins

  • BLKB has a better Profit Margin (10.19%) than 73.90% of its industry peers.
  • In the last couple of years the Profit Margin of BLKB has grown nicely.
  • With an excellent Operating Margin value of 16.91%, BLKB belongs to the best of the industry, outperforming 84.56% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BLKB has grown nicely.
  • BLKB has a worse Gross Margin (58.79%) than 62.50% of its industry peers.
  • BLKB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

2

2. BLKB Health Analysis

2.1 Basic Checks

  • BLKB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, BLKB has less shares outstanding
  • Compared to 5 years ago, BLKB has less shares outstanding
  • Compared to 1 year ago, BLKB has a worse debt to assets ratio.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
BLKB Yearly Total Debt VS Total AssetsBLKB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.07, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BLKB (1.07) is worse than 61.76% of its industry peers.
  • The Debt to FCF ratio of BLKB is 5.45, which is a neutral value as it means it would take BLKB, 5.45 years of fcf income to pay off all of its debts.
  • BLKB has a Debt to FCF ratio (5.45) which is in line with its industry peers.
  • A Debt/Equity ratio of 12.78 is on the high side and indicates that BLKB has dependencies on debt financing.
  • BLKB has a worse Debt to Equity ratio (12.78) than 88.24% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.45
Altman-Z 1.07
ROIC/WACC1.27
WACC10.87%
BLKB Yearly LT Debt VS Equity VS FCFBLKB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • BLKB has a Current Ratio of 0.79. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.79, BLKB is doing worse than 84.56% of the companies in the same industry.
  • BLKB has a Quick Ratio of 0.79. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BLKB has a worse Quick ratio (0.79) than 83.46% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.79
BLKB Yearly Current Assets VS Current LiabilitesBLKB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

5

3. BLKB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 9.31% over the past year.
  • The Earnings Per Share has been growing by 8.69% on average over the past years. This is quite good.
  • Looking at the last year, BLKB shows a decrease in Revenue. The Revenue has decreased by -2.34% in the last year.
  • The Revenue has been growing slightly by 4.32% on average over the past years.
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%

3.2 Future

  • Based on estimates for the next years, BLKB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.36% on average per year.
  • The Revenue is expected to grow by 3.94% on average over the next years.
EPS Next Y18.79%
EPS Next 2Y15.75%
EPS Next 3Y11.37%
EPS Next 5Y12.36%
Revenue Next Year4.35%
Revenue Next 2Y4.3%
Revenue Next 3Y4.07%
Revenue Next 5Y3.94%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
BLKB Yearly Revenue VS EstimatesBLKB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

9

4. BLKB Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 8.41 indicates a reasonable valuation of BLKB.
  • Based on the Price/Earnings ratio, BLKB is valued cheaper than 89.34% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.42, BLKB is valued rather cheaply.
  • The Price/Forward Earnings ratio is 7.08, which indicates a rather cheap valuation of BLKB.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 90.44% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.29. BLKB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.41
Fwd PE 7.08
BLKB Price Earnings VS Forward Price EarningsBLKB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
  • BLKB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BLKB is cheaper than 92.28% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.46
EV/EBITDA 10.04
BLKB Per share dataBLKB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

  • BLKB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BLKB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.45
PEG (5Y)0.97
EPS Next 2Y15.75%
EPS Next 3Y11.37%

0

5. BLKB Dividend Analysis

5.1 Amount

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

BLKB Fundamentals: All Metrics, Ratios and Statistics

BLACKBAUD INC

NASDAQ:BLKB (4/24/2026, 8:23:26 PM)

After market: 37.49 0 (0%)

37.49

+1.3 (+3.59%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-10
Earnings (Next)04-29
Inst Owners78.66%
Inst Owner Change0.33%
Ins Owners2.43%
Ins Owner Change8.44%
Market Cap1.72B
Revenue(TTM)1.13B
Net Income(TTM)115.03M
Analysts76
Price Target57.38 (53.05%)
Short Float %7.01%
Short Ratio4.1
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.79%
Min EPS beat(2)0.79%
Max EPS beat(2)2.79%
EPS beat(4)4
Avg EPS beat(4)5.2%
Min EPS beat(4)0.79%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)1.96%
EPS beat(12)10
Avg EPS beat(12)3.34%
EPS beat(16)13
Avg EPS beat(16)3.56%
Revenue beat(2)0
Avg Revenue beat(2)-1.15%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-0.97%
Revenue beat(4)0
Avg Revenue beat(4)-0.89%
Min Revenue beat(4)-1.33%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.01%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)0
Avg Revenue beat(16)-2.1%
PT rev (1m)0%
PT rev (3m)-23.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.82%
EPS NY rev (1m)0%
EPS NY rev (3m)6.65%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 8.41
Fwd PE 7.08
P/S 1.53
P/FCF 8.46
P/OCF 6.48
P/B 20.24
P/tB N/A
EV/EBITDA 10.04
EPS(TTM)4.46
EY11.9%
EPS(NY)5.3
Fwd EY14.13%
FCF(TTM)4.43
FCFY11.82%
OCF(TTM)5.78
OCFY15.42%
SpS24.57
BVpS1.85
TBVpS-23.48
PEG (NY)0.45
PEG (5Y)0.97
Graham Number13.6319 (-63.64%)
Profitability
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROCE 15.79%
ROIC 13.78%
ROICexc 14.29%
ROICexgc 13202.6%
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
FCFM 18.04%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
ROIC(5y)N/A
ROICexc(3y)8.98%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.85%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y212.3%
ROICexc growth 3YN/A
ROICexc growth 5Y31.52%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
F-Score8
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.45
Debt/EBITDA 3.92
Cap/Depr 71.92%
Cap/Sales 5.49%
Interest Coverage 2.91
Cash Conversion 95.85%
Profit Quality 176.95%
Current Ratio 0.79
Quick Ratio 0.79
Altman-Z 1.07
F-Score8
WACC10.87%
ROIC/WACC1.27
Cap/Depr(3y)61.91%
Cap/Depr(5y)63.7%
Cap/Sales(3y)5.71%
Cap/Sales(5y)5.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
EPS Next Y18.79%
EPS Next 2Y15.75%
EPS Next 3Y11.37%
EPS Next 5Y12.36%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%
Revenue Next Year4.35%
Revenue Next 2Y4.3%
Revenue Next 3Y4.07%
Revenue Next 5Y3.94%
EBIT growth 1Y41.51%
EBIT growth 3YN/A
EBIT growth 5Y35.74%
EBIT Next Year26.7%
EBIT Next 3Y-3.59%
EBIT Next 5YN/A
FCF growth 1Y-11.02%
FCF growth 3Y15.3%
FCF growth 5Y21.71%
OCF growth 1Y-10.28%
OCF growth 3Y9.21%
OCF growth 5Y12.4%

BLACKBAUD INC / BLKB Fundamental Analysis FAQ

What is the fundamental rating for BLKB stock?

ChartMill assigns a fundamental rating of 5 / 10 to BLKB.


Can you provide the valuation status for BLACKBAUD INC?

ChartMill assigns a valuation rating of 9 / 10 to BLACKBAUD INC (BLKB). This can be considered as Undervalued.


How profitable is BLACKBAUD INC (BLKB) stock?

BLACKBAUD INC (BLKB) has a profitability rating of 7 / 10.


What are the PE and PB ratios of BLACKBAUD INC (BLKB) stock?

The Price/Earnings (PE) ratio for BLACKBAUD INC (BLKB) is 8.41 and the Price/Book (PB) ratio is 20.24.


How sustainable is the dividend of BLACKBAUD INC (BLKB) stock?

The dividend rating of BLACKBAUD INC (BLKB) is 0 / 10 and the dividend payout ratio is 0%.