Logo image of BB.CA

BLACKBERRY LTD (BB.CA) Stock Fundamental Analysis

TSX:BB - Toronto Stock Exchange - CA09228F1036 - Common Stock - Currency: CAD

5.56  -0.15 (-2.63%)

Fundamental Rating

3

Taking everything into account, BB scores 3 out of 10 in our fundamental rating. BB was compared to 63 industry peers in the Software industry. Both the profitability and financial health of BB have multiple concerns. BB has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

In the past year BB was profitable.
BB had a positive operating cash flow in the past year.
In the past 5 years BB reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: BB reported negative operating cash flow in multiple years.
BB.CA Yearly Net Income VS EBIT VS OCF VS FCFBB.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B

1.2 Ratios

With a Return On Assets value of -6.10%, BB perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
The Return On Equity of BB (-10.97%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -6.1%
ROE -10.97%
ROIC N/A
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)N/A
ROIC(5y)N/A
BB.CA Yearly ROA, ROE, ROICBB.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80

1.3 Margins

BB has a Gross Margin of 70.83%. This is in the better half of the industry: BB outperforms 73.02% of its industry peers.
In the last couple of years the Gross Margin of BB has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for BB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 70.83%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.31%
GM growth 5Y-0.01%
BB.CA Yearly Profit, Operating, Gross MarginsBB.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

3

2. Health

2.1 Basic Checks

BB does not have a ROIC to compare to the WACC, probably because it is not profitable.
BB has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BB has been increased compared to 5 years ago.
Compared to 1 year ago, BB has a worse debt to assets ratio.
BB.CA Yearly Shares OutstandingBB.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
BB.CA Yearly Total Debt VS Total AssetsBB.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

BB has an Altman-Z score of 0.84. This is a bad value and indicates that BB is not financially healthy and even has some risk of bankruptcy.
BB has a Altman-Z score of 0.84. This is comparable to the rest of the industry: BB outperforms 44.44% of its industry peers.
The Debt to FCF ratio of BB is 30.52, which is on the high side as it means it would take BB, 30.52 years of fcf income to pay off all of its debts.
BB's Debt to FCF ratio of 30.52 is in line compared to the rest of the industry. BB outperforms 53.97% of its industry peers.
BB has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
BB has a Debt to Equity ratio (0.27) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 30.52
Altman-Z 0.84
ROIC/WACCN/A
WACC7.44%
BB.CA Yearly LT Debt VS Equity VS FCFBB.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.72 indicates that BB should not have too much problems paying its short term obligations.
BB's Current ratio of 1.72 is in line compared to the rest of the industry. BB outperforms 58.73% of its industry peers.
A Quick Ratio of 1.72 indicates that BB should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.72, BB is in line with its industry, outperforming 58.73% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.72
Quick Ratio 1.72
BB.CA Yearly Current Assets VS Current LiabilitesBB.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

3

3. Growth

3.1 Past

BB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -66.67%.
BB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -31.23% yearly.
Looking at the last year, BB shows a very negative growth in Revenue. The Revenue has decreased by -32.49% in the last year.
The Revenue for BB have been decreasing by -12.45% on average. This is quite bad
EPS 1Y (TTM)-66.67%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%0%
Revenue 1Y (TTM)-32.49%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-18.09%

3.2 Future

BB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 71.73% yearly.
Based on estimates for the next years, BB will show a small growth in Revenue. The Revenue will grow by 3.87% on average per year.
EPS Next Y384.1%
EPS Next 2Y170.43%
EPS Next 3Y113.89%
EPS Next 5Y71.73%
Revenue Next Year-6.74%
Revenue Next 2Y0.89%
Revenue Next 3Y3.87%
Revenue Next 5YN/A

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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BB.CA Yearly Revenue VS EstimatesBB.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
BB.CA Yearly EPS VS EstimatesBB.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -1 -2

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 185.33, the valuation of BB can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as BB.
The average S&P500 Price/Earnings ratio is at 26.31. BB is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 42.12, which means the current valuation is very expensive for BB.
69.84% of the companies in the same industry are more expensive than BB, based on the Price/Forward Earnings ratio.
BB's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.13.
Industry RankSector Rank
PE 185.33
Fwd PE 42.12
BB.CA Price Earnings VS Forward Price EarningsBB.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

BB's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as BB.
Industry RankSector Rank
P/FCF 380.48
EV/EBITDA 63.53
BB.CA Per share dataBB.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BB's earnings are expected to grow with 113.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)N/A
EPS Next 2Y170.43%
EPS Next 3Y113.89%

0

5. Dividend

5.1 Amount

BB does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

BLACKBERRY LTD

TSX:BB (6/13/2025, 7:00:00 PM)

5.56

-0.15 (-2.63%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)04-02 2025-04-02/bmo
Earnings (Next)06-24 2025-06-24/amc
Inst Owners48.5%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap3.32B
Analysts47.69
Price Target4.07 (-26.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)169.92%
Min EPS beat(2)94.17%
Max EPS beat(2)245.67%
EPS beat(4)4
Avg EPS beat(4)117.83%
Min EPS beat(4)31.47%
Max EPS beat(4)245.67%
EPS beat(8)8
Avg EPS beat(8)130.97%
EPS beat(12)12
Avg EPS beat(12)97.7%
EPS beat(16)16
Avg EPS beat(16)88.83%
Revenue beat(2)2
Avg Revenue beat(2)4.24%
Min Revenue beat(2)3.57%
Max Revenue beat(2)4.9%
Revenue beat(4)3
Avg Revenue beat(4)9.5%
Min Revenue beat(4)-0.45%
Max Revenue beat(4)29.99%
Revenue beat(8)5
Avg Revenue beat(8)20.92%
Revenue beat(12)6
Avg Revenue beat(12)13.43%
Revenue beat(16)8
Avg Revenue beat(16)10.04%
PT rev (1m)0%
PT rev (3m)1.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-75%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.75%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.49%
Valuation
Industry RankSector Rank
PE 185.33
Fwd PE 42.12
P/S 4.23
P/FCF 380.48
P/OCF 147.58
P/B 3.38
P/tB 12.16
EV/EBITDA 63.53
EPS(TTM)0.03
EY0.54%
EPS(NY)0.13
Fwd EY2.37%
FCF(TTM)0.01
FCFY0.26%
OCF(TTM)0.04
OCFY0.68%
SpS1.31
BVpS1.64
TBVpS0.46
PEG (NY)0.48
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -6.1%
ROE -10.97%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 70.83%
FCFM 1.11%
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
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)6.62%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.31%
GM growth 5Y-0.01%
F-Score5
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 30.52
Debt/EBITDA 5.43
Cap/Depr 22.6%
Cap/Sales 1.75%
Interest Coverage N/A
Cash Conversion 45.83%
Profit Quality N/A
Current Ratio 1.72
Quick Ratio 1.72
Altman-Z 0.84
F-Score5
WACC7.44%
ROIC/WACCN/A
Cap/Depr(3y)32.41%
Cap/Depr(5y)28.32%
Cap/Sales(3y)4.15%
Cap/Sales(5y)4.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-66.67%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%0%
EPS Next Y384.1%
EPS Next 2Y170.43%
EPS Next 3Y113.89%
EPS Next 5Y71.73%
Revenue 1Y (TTM)-32.49%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-18.09%
Revenue Next Year-6.74%
Revenue Next 2Y0.89%
Revenue Next 3Y3.87%
Revenue Next 5YN/A
EBIT growth 1Y76.49%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year207.89%
EBIT Next 3Y70.11%
EBIT Next 5Y50.71%
FCF growth 1Y126.67%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y650%
OCF growth 3YN/A
OCF growth 5Y-8.69%