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BLACKBAUD INC (BLKB) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BLKB - US09227Q1004 - Common Stock

54.54 USD
-0.94 (-1.69%)
Last: 1/20/2026, 2:41:35 PM
Fundamental Rating

3

Taking everything into account, BLKB scores 3 out of 10 in our fundamental rating. BLKB was compared to 277 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 cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

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.
  • In the past 5 years BLKB always reported a positive cash flow from operatings.
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 0 100M -100M 200M -200M

1.2 Ratios

  • BLKB has a Return On Assets of -11.99%. This is in the lower half of the industry: BLKB underperforms 66.06% of its industry peers.
  • The Return On Equity of BLKB (-233.32%) is worse than 84.84% of its industry peers.
  • BLKB has a better Return On Invested Capital (11.42%) than 87.36% of its industry peers.
Industry RankSector Rank
ROA -11.99%
ROE -233.32%
ROIC 11.42%
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
ROIC(3y)N/A
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 0 -50 -100 -150

1.3 Margins

  • With an excellent Operating Margin value of 14.96%, BLKB belongs to the best of the industry, outperforming 81.95% of the companies in the same industry.
  • BLKB's Operating Margin has improved in the last couple of years.
  • BLKB has a Gross Margin of 57.73%. This is in the lower half of the industry: BLKB underperforms 64.26% of its industry peers.
  • BLKB's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 14.96%
PM (TTM) N/A
GM 57.73%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BLKB is still creating some value.
  • The number of shares outstanding for BLKB has been reduced compared to 1 year ago.
  • The number of shares outstanding for BLKB has been increased compared to 5 years ago.
  • The debt/assets ratio for BLKB is higher compared to a year ago.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.42, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.42, BLKB perfoms like the industry average, outperforming 42.24% of the companies in the same industry.
  • BLKB has a debt to FCF ratio of 4.86. This is a neutral value as BLKB would need 4.86 years to pay back of all of its debts.
  • BLKB has a Debt to FCF ratio (4.86) which is in line with its industry peers.
  • BLKB has a Debt/Equity ratio of 9.63. This is a high value indicating a heavy dependency on external financing.
  • BLKB has a worse Debt to Equity ratio (9.63) than 88.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Altman-Z 1.42
ROIC/WACC1.06
WACC10.79%
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 200M 400M 600M 800M 1B

2.3 Liquidity

  • BLKB has a Current Ratio of 0.69. 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 Current ratio (0.69) than 88.45% of its industry peers.
  • BLKB has a Quick Ratio of 0.69. 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 (0.69) than 88.45% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.69
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 200M 400M 600M 800M 1B

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 5.07% over the past year.
  • Measured over the past years, BLKB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.74% on average per year.
  • The Revenue has decreased by -1.12% in the past year.
  • Measured over the past years, BLKB shows a small growth in Revenue. The Revenue has been growing by 5.12% on average per year.
EPS 1Y (TTM)5.07%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%11.11%
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-1.95%

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 8.63% on average per year.
  • Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 3.11% on average per year.
EPS Next Y10.45%
EPS Next 2Y11.06%
EPS Next 3Y9.85%
EPS Next 5Y8.63%
Revenue Next Year-2.63%
Revenue Next 2Y0.63%
Revenue Next 3Y1.94%
Revenue Next 5Y3.11%

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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.54 indicates a correct valuation of BLKB.
  • Compared to the rest of the industry, the Price/Earnings ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 85.20% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.38, BLKB is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 10.84, the valuation of BLKB can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, BLKB is valued cheaply inside the industry as 86.28% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of BLKB to the average of the S&P500 Index (24.29), we can say BLKB is valued rather cheaply.
Industry RankSector Rank
PE 12.54
Fwd PE 10.84
BLKB Price Earnings VS Forward Price EarningsBLKB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • BLKB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BLKB is cheaper than 83.75% of the companies in the same industry.
  • 88.81% of the companies in the same industry are more expensive than BLKB, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.91
EV/EBITDA 13.87
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

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)0.98
EPS Next 2Y11.06%
EPS Next 3Y9.85%

0

5. Dividend

5.1 Amount

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

BLACKBAUD INC

NASDAQ:BLKB (1/20/2026, 2:41:35 PM)

54.54

-0.94 (-1.69%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-29
Earnings (Next)02-16
Inst Owners78.94%
Inst Owner Change-0.02%
Ins Owners2.01%
Ins Owner Change-0.64%
Market Cap2.61B
Revenue(TTM)1.14B
Net Income(TTM)-252.43M
Analysts50
Price Target75.48 (38.39%)
Short Float %3.14%
Short Ratio3.34
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)6.56%
Min EPS beat(2)0.79%
Max EPS beat(2)12.34%
EPS beat(4)3
Avg EPS beat(4)4.41%
Min EPS beat(4)-0.35%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)2.42%
EPS beat(12)10
Avg EPS beat(12)3.99%
EPS beat(16)13
Avg EPS beat(16)3.9%
Revenue beat(2)0
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-0.22%
Revenue beat(4)0
Avg Revenue beat(4)-1.26%
Min Revenue beat(4)-2.45%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.3%
Revenue beat(12)0
Avg Revenue beat(12)-2.3%
Revenue beat(16)1
Avg Revenue beat(16)-2.01%
PT rev (1m)0%
PT rev (3m)-3.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.73%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 12.54
Fwd PE 10.84
P/S 2.3
P/FCF 11.91
P/OCF 9.28
P/B 24.11
P/tB N/A
EV/EBITDA 13.87
EPS(TTM)4.35
EY7.98%
EPS(NY)5.03
Fwd EY9.23%
FCF(TTM)4.58
FCFY8.39%
OCF(TTM)5.88
OCFY10.78%
SpS23.74
BVpS2.26
TBVpS-22.19
PEG (NY)1.2
PEG (5Y)0.98
Graham Number14.88
Profitability
Industry RankSector Rank
ROA -11.99%
ROE -233.32%
ROCE 14.46%
ROIC 11.42%
ROICexc 11.86%
ROICexgc N/A
OM 14.96%
PM (TTM) N/A
GM 57.73%
FCFM 19.29%
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
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Debt/EBITDA 3.94
Cap/Depr 65.64%
Cap/Sales 5.47%
Interest Coverage 250
Cash Conversion 106.24%
Profit Quality N/A
Current Ratio 0.69
Quick Ratio 0.69
Altman-Z 1.42
F-Score6
WACC10.79%
ROIC/WACC1.06
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)5.07%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%11.11%
EPS Next Y10.45%
EPS Next 2Y11.06%
EPS Next 3Y9.85%
EPS Next 5Y8.63%
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-1.95%
Revenue Next Year-2.63%
Revenue Next 2Y0.63%
Revenue Next 3Y1.94%
Revenue Next 5Y3.11%
EBIT growth 1Y26.28%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year26.32%
EBIT Next 3Y12.29%
EBIT Next 5YN/A
FCF growth 1Y45.59%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y29.49%
OCF growth 3Y11.47%
OCF growth 5Y10.15%

BLACKBAUD INC / BLKB FAQ

What is the fundamental rating for BLKB stock?

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


Can you provide the valuation status for BLACKBAUD INC?

ChartMill assigns a valuation rating of 7 / 10 to BLACKBAUD INC (BLKB). This can be considered as Undervalued.


What is the profitability of BLKB stock?

BLACKBAUD INC (BLKB) has a profitability rating of 4 / 10.


What is the valuation of BLACKBAUD INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BLACKBAUD INC (BLKB) is 12.54 and the Price/Book (PB) ratio is 24.11.


What is the expected EPS growth for BLACKBAUD INC (BLKB) stock?

The Earnings per Share (EPS) of BLACKBAUD INC (BLKB) is expected to grow by 10.45% in the next year.