Fundamental Analysis of BACKBLAZE INC-A(NASDAQ:BLZE) stock

Fundamental Rating

Taking everything into account, BLZE scores 2 out of 10 in our fundamental rating. BLZE was compared to 86 industry peers in the IT Services industry. BLZE may be in some trouble as it scores bad on both profitability and health. BLZE shows excellent growth, but is valued quite expensive already.

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1. Profitability

1.1 Basic Checks

BLZE had negative earnings in the past year.

In the past year BLZE had a positive cash flow from operations.

In the past 5 years BLZE always reported negative net income.

In multiple years BLZE reported negative operating cash flow during the last 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -38.87%, BLZE is doing worse than 89.16% of the companies in the same industry.

With a Return On Equity value of -110.14%, BLZE is not doing good in the industry: 77.11% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	-38.87%
ROE	-110.14%
ROIC	N/A

ROA(3y)-30.77%

ROA(5y)-21.41%

ROE(3y)-76.81%

ROE(5y)N/A

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

BLZE's Gross Margin of 51.93% is fine compared to the rest of the industry. BLZE outperforms 73.49% of its industry peers.

BLZE's Gross Margin has declined in the last couple of years.

BLZE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	51.93%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-2.06%

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

BLZE does not have a ROIC to compare to the WACC, probably because it is not profitable.

The number of shares outstanding for BLZE has been increased compared to 1 year ago.

Compared to 1 year ago, BLZE has a worse debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of -0.45, we must say that BLZE is in the distress zone and has some risk of bankruptcy.

BLZE has a Altman-Z score of -0.45. This is in the lower half of the industry: BLZE underperforms 79.52% of its industry peers.

BLZE has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.

With a Debt to Equity ratio value of 0.34, BLZE perfoms like the industry average, outperforming 57.83% of the companies in the same industry.

		Industry Rank	Sector Rank
Debt/Equity	0.34
Debt/FCF	N/A
Altman-Z	-0.45

ROIC/WACCN/A

WACC9.87%

2.3 Liquidity

A Current Ratio of 0.61 indicates that BLZE may have some problems paying its short term obligations.

With a Current ratio value of 0.61, BLZE is not doing good in the industry: 89.16% of the companies in the same industry are doing better.

A Quick Ratio of 0.61 indicates that BLZE may have some problems paying its short term obligations.

BLZE has a worse Quick ratio (0.61) than 87.95% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.61
Quick Ratio	0.61

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

BLZE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 35.80%, which is quite impressive.

BLZE shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.02%.

Measured over the past years, BLZE shows a very strong growth in Revenue. The Revenue has been growing by 23.79% on average per year.

EPS 1Y (TTM)35.8%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%39.02%

Revenue 1Y (TTM)24.02%

Revenue growth 3Y23.79%

Revenue growth 5YN/A

Sales Q2Q%27.23%

3.2 Future

The Earnings Per Share is expected to grow by 22.34% on average over the next years. This is a very strong growth

The Revenue is expected to grow by 20.69% on average over the next years. This is a very strong growth

EPS Next Y39.86%

EPS Next 2Y22.34%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year25.66%

Revenue Next 2Y20.69%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

BLZE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

Also next year BLZE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

A more expensive valuation may be justified as BLZE's earnings are expected to grow with 22.34% in the coming years.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y22.34%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

BLZE does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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BACKBLAZE INC-A

NASDAQ:BLZE (9/16/2024, 3:08:03 PM)

6.19

+0.01 (+0.16%)

Chartmill FA Rating

GICS SectorInformation Technology

GICS IndustryGroupSoftware & Services

GICS IndustryIT Services

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap265.55M

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-38.87%
ROE	-110.14%
ROCE
ROIC
ROICexc
ROICexgc
OM	N/A
PM (TTM)	N/A
GM	51.93%
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.9

Health

		Industry Rank	Sector Rank
Debt/Equity	0.34
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	0.61
Quick Ratio	0.61
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)35.8%

EPS 3YN/A

EPS 5Y

EPS Q2Q%

EPS Next Y39.86%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)24.02%

Revenue growth 3Y23.79%

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

BACKBLAZE INC-A (BLZE)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

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