BLACKBAUD INC (BLKB) Stock Fundamental Analysis
NASDAQ:BLKB - Nasdaq - US09227Q1004 - Common Stock - Currency: USD
Taking everything into account, BLKB scores 3 out of 10 in our fundamental rating. BLKB was compared to 282 industry peers in the Software industry. BLKB has a medium profitability rating, but doesn't score so well on its financial health evaluation. BLKB is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BLKB had positive earnings in the past year.
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.
In the past 5 years BLKB always reported a positive cash flow from operatings.
1.2 Ratios
BLKB has a worse Return On Assets (-13.49%) than 65.25% of its industry peers.
BLKB has a Return On Equity of -854.71%. This is amonst the worse of the industry: BLKB underperforms 84.75% of its industry peers.
With an excellent Return On Invested Capital value of 9.22%, BLKB belongs to the best of the industry, outperforming 85.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.49% | ||
| ROE | -854.71% | ||
| ROIC | 9.22% |
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
BLKB has a Operating Margin of 12.60%. This is in the better half of the industry: BLKB outperforms 79.43% of its industry peers.
BLKB's Operating Margin has improved in the last couple of years.
The Gross Margin of BLKB (55.98%) is worse than 63.83% of its industry peers.
BLKB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.6% | ||
| PM (TTM) | N/A | ||
| GM | 55.98% |
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
BLKB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for BLKB has been reduced compared to 1 year ago.
BLKB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BLKB is higher compared to a year ago.
2.2 Solvency
BLKB has an Altman-Z score of 1.48. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
BLKB's Altman-Z score of 1.48 is in line compared to the rest of the industry. BLKB outperforms 41.84% of its industry peers.
The Debt to FCF ratio of BLKB is 7.30, which is on the high side as it means it would take BLKB, 7.30 years of fcf income to pay off all of its debts.
BLKB has a Debt to FCF ratio of 7.30. This is comparable to the rest of the industry: BLKB outperforms 53.19% of its industry peers.
BLKB has a Debt/Equity ratio of 35.64. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BLKB (35.64) is worse than 85.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.64 | ||
| Debt/FCF | 7.3 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.88
WACC10.47%
2.3 Liquidity
BLKB has a Current Ratio of 0.73. 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's Current ratio of 0.73 is on the low side compared to the rest of the industry. BLKB is outperformed by 84.04% of its industry peers.
BLKB has a Quick Ratio of 0.73. 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 Quick ratio, with a value of 0.73, BLKB is doing worse than 84.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
BLKB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.44%.
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.
BLKB shows a small growth in Revenue. In the last year, the Revenue has grown by 2.14%.
The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)-1.44%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%3.23%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-3.08%
3.2 Future
The Earnings Per Share is expected to grow by 8.34% on average over the next years. This is quite good.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 2.94% on average per year.
EPS Next Y5.58%
EPS Next 2Y6.83%
EPS Next 3Y3.46%
EPS Next 5Y8.34%
Revenue Next Year-3.31%
Revenue Next 2Y0.3%
Revenue Next 3Y1.83%
Revenue Next 5Y2.94%
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
The Price/Earnings ratio is 15.52, which 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 86.17% of the companies listed in the same industry.
BLKB is valuated rather cheaply when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.70 indicates a correct 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 87.23% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, BLKB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.52 | ||
| Fwd PE | 13.7 |
4.2 Price Multiples
86.17% of the companies in the same industry are more expensive than BLKB, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, BLKB is valued cheaper than 83.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.74 | ||
| EV/EBITDA | 16.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.78
PEG (5Y)1.22
EPS Next 2Y6.83%
EPS Next 3Y3.46%
5. Dividend
5.1 Amount
BLKB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
63.8
+0.17 (+0.27%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.98%
Inst Owner Change-0.01%
Ins Owners2.02%
Ins Owner Change9.23%
Market Cap3.10B
Analysts50
Price Target72.01 (12.87%)
Short Float %3.25%
Short Ratio4.23
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)1
Avg EPS beat(2)2.26%
Min EPS beat(2)-0.35%
Max EPS beat(2)4.87%
EPS beat(4)2
Avg EPS beat(4)-0.61%
Min EPS beat(4)-8.95%
Max EPS beat(4)4.87%
EPS beat(8)6
Avg EPS beat(8)2.89%
EPS beat(12)10
Avg EPS beat(12)4.72%
EPS beat(16)13
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-2.45%
Max Revenue beat(2)-1.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.62%
Min Revenue beat(4)-4.32%
Max Revenue beat(4)-1.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.63%
Revenue beat(12)0
Avg Revenue beat(12)-2.55%
Revenue beat(16)2
Avg Revenue beat(16)-1.71%
PT rev (1m)0%
PT rev (3m)-10.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.38%
EPS NY rev (1m)0%
EPS NY rev (3m)0.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.52 | ||
| Fwd PE | 13.7 | ||
| P/S | 2.7 | ||
| P/FCF | 18.74 | ||
| P/OCF | 13.3 | ||
| P/B | 93.31 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.51 |
EPS(TTM)4.11
EY6.44%
EPS(NY)4.66
Fwd EY7.3%
FCF(TTM)3.4
FCFY5.34%
OCF(TTM)4.8
OCFY7.52%
SpS23.64
BVpS0.68
TBVpS-23.65
PEG (NY)2.78
PEG (5Y)1.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.49% | ||
| ROE | -854.71% | ||
| ROCE | 11.67% | ||
| ROIC | 9.22% | ||
| ROICexc | 9.51% | ||
| ROICexgc | 558.47% | ||
| OM | 12.6% | ||
| PM (TTM) | N/A | ||
| GM | 55.98% | ||
| FCFM | 14.4% |
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 Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.64 | ||
| Debt/FCF | 7.3 | ||
| Debt/EBITDA | 4.59 | ||
| Cap/Depr | 59.64% | ||
| Cap/Sales | 5.89% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 1.48 |
F-Score6
WACC10.47%
ROIC/WACC0.88
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)-1.44%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%3.23%
EPS Next Y5.58%
EPS Next 2Y6.83%
EPS Next 3Y3.46%
EPS Next 5Y8.34%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-3.08%
Revenue Next Year-3.31%
Revenue Next 2Y0.3%
Revenue Next 3Y1.83%
Revenue Next 5Y2.94%
EBIT growth 1Y103.81%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year23.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.44%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y15.67%
OCF growth 3Y11.47%
OCF growth 5Y10.15%