BLACKBERRY LTD (BB.CA) Fundamental Analysis & Valuation
TSX:BB • CA09228F1036
4.72 CAD
+0.05 (+1.07%)
Last: Mar 9, 2026, 07:00 PM
This BB.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to BB. BB was compared to 68 industry peers in the Software industry. Both the profitability and the financial health of BB get a neutral evaluation. Nothing too spectacular is happening here. BB has a correct valuation and a medium growth rate.
1. BB.CA Profitability Analysis
1.1 Basic Checks
- BB had positive earnings in the past year.
- BB had a positive operating cash flow in the past year.
- In the past 5 years BB reported 4 times negative net income.
- In multiple years BB reported negative operating cash flow during the last 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.80%, BB is in the better half of the industry, outperforming 63.24% of the companies in the same industry.
- BB has a Return On Equity of 2.96%. This is in the better half of the industry: BB outperforms 66.18% of its industry peers.
- With a decent Return On Invested Capital value of 3.83%, BB is doing good in the industry, outperforming 67.65% of the companies in the same industry.
- BB had an Average Return On Invested Capital over the past 3 years of 4.77%. This is significantly below the industry average of 12.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROIC | 3.83% |
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)4.77%
ROIC(5y)N/A
1.3 Margins
- BB has a Profit Margin of 4.08%. This is in the better half of the industry: BB outperforms 73.53% of its industry peers.
- The Operating Margin of BB (9.55%) is better than 72.06% of its industry peers.
- BB has a Gross Margin of 74.99%. This is in the better half of the industry: BB outperforms 79.41% of its industry peers.
- BB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.55% | ||
| PM (TTM) | 4.08% | ||
| GM | 74.99% |
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%
2. BB.CA Health Analysis
2.1 Basic Checks
- BB 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 BB has been increased compared to 1 year ago.
- BB has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for BB is higher compared to a year ago.
2.2 Solvency
- BB has an Altman-Z score of 0.92. 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 0.92. This is comparable to the rest of the industry: BB outperforms 47.06% of its industry peers.
- BB has a debt to FCF ratio of 5.16. This is a neutral value as BB would need 5.16 years to pay back of all of its debts.
- BB has a better Debt to FCF ratio (5.16) than 67.65% of its industry peers.
- A Debt/Equity ratio of 0.26 indicates that BB is not too dependend on debt financing.
- BB has a Debt to Equity ratio of 0.26. This is comparable to the rest of the industry: BB outperforms 54.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.16 | ||
| Altman-Z | 0.92 |
ROIC/WACC0.38
WACC9.96%
2.3 Liquidity
- BB has a Current Ratio of 2.14. This indicates that BB is financially healthy and has no problem in meeting its short term obligations.
- With a decent Current ratio value of 2.14, BB is doing good in the industry, outperforming 76.47% of the companies in the same industry.
- A Quick Ratio of 2.14 indicates that BB has no problem at all paying its short term obligations.
- BB has a Quick ratio of 2.14. This is in the better half of the industry: BB outperforms 76.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 |
3. BB.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 600.00% over the past year.
- Measured over the past years, BB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -31.23% on average per year.
- Looking at the last year, BB shows a very negative growth in Revenue. The Revenue has decreased by -11.24% in the last year.
- Measured over the past years, BB shows a very negative growth in Revenue. The Revenue has been decreasing by -12.45% on average per year.
EPS 1Y (TTM)600%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%150%
Revenue 1Y (TTM)-11.24%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-12.47%
3.2 Future
- BB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 69.29% yearly.
- BB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.44% yearly.
EPS Next Y657.77%
EPS Next 2Y195.89%
EPS Next 3Y118.48%
EPS Next 5Y69.29%
Revenue Next Year-1.73%
Revenue Next 2Y2.84%
Revenue Next 3Y4.44%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. BB.CA Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 24.84, which indicates a rather expensive current valuation of BB.
- 73.53% of the companies in the same industry are more expensive than BB, based on the Price/Earnings ratio.
- BB's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.45.
- With a Price/Forward Earnings ratio of 19.86, BB is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, BB is valued a bit cheaper than the industry average as 70.59% of the companies are valued more expensively.
- BB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 19.86 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BB is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, BB is valued a bit cheaper than the industry average as 63.24% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.02 | ||
| EV/EBITDA | 26.8 |
4.3 Compensation for Growth
- BB's 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 118.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y195.89%
EPS Next 3Y118.48%
5. BB.CA Dividend Analysis
5.1 Amount
- No dividends for BB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
BB.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BB (3/9/2026, 7:00:00 PM)
4.72
+0.05 (+1.07%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-18 2025-12-18/amc
Earnings (Next)04-09 2026-04-09/amc
Inst Owners48.41%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap2.79B
Revenue(TTM)537.00M
Net Income(TTM)21.90M
Analysts47.69
Price Target4.46 (-5.51%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)119.21%
Min EPS beat(2)27.75%
Max EPS beat(2)210.68%
EPS beat(4)4
Avg EPS beat(4)252.33%
Min EPS beat(4)27.75%
Max EPS beat(4)676.7%
EPS beat(8)8
Avg EPS beat(8)197.18%
EPS beat(12)12
Avg EPS beat(12)168.18%
EPS beat(16)16
Avg EPS beat(16)138.16%
Revenue beat(2)1
Avg Revenue beat(2)1.26%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)3.09%
Revenue beat(4)3
Avg Revenue beat(4)2.85%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)5.32%
Revenue beat(8)6
Avg Revenue beat(8)6.8%
Revenue beat(12)7
Avg Revenue beat(12)14.36%
Revenue beat(16)8
Avg Revenue beat(16)10.32%
PT rev (1m)0%
PT rev (3m)-2.99%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.5%
EPS NY rev (1m)0%
EPS NY rev (3m)7.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.84 | ||
| Fwd PE | 19.86 | ||
| P/S | 3.82 | ||
| P/FCF | 54.02 | ||
| P/OCF | 44.92 | ||
| P/B | 2.77 | ||
| P/tB | 9.23 | ||
| EV/EBITDA | 26.8 |
EPS(TTM)0.19
EY4.03%
EPS(NY)0.24
Fwd EY5.03%
FCF(TTM)0.09
FCFY1.85%
OCF(TTM)0.11
OCFY2.23%
SpS1.23
BVpS1.7
TBVpS0.51
PEG (NY)0.04
PEG (5Y)N/A
Graham Number2.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROCE | 5.32% | ||
| ROIC | 3.83% | ||
| ROICexc | 5.59% | ||
| ROICexgc | 25.99% | ||
| OM | 9.55% | ||
| PM (TTM) | 4.08% | ||
| GM | 74.99% | ||
| FCFM | 7.08% |
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)4.77%
ROIC(5y)N/A
ROICexc(3y)7.45%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.62%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc 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-Score7
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.16 | ||
| Debt/EBITDA | 2.75 | ||
| Cap/Depr | 38.5% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 9.33 | ||
| Cash Conversion | 64.1% | ||
| Profit Quality | 173.52% | ||
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 | ||
| Altman-Z | 0.92 |
F-Score7
WACC9.96%
ROIC/WACC0.38
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)600%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%150%
EPS Next Y657.77%
EPS Next 2Y195.89%
EPS Next 3Y118.48%
EPS Next 5Y69.29%
Revenue 1Y (TTM)-11.24%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-12.47%
Revenue Next Year-1.73%
Revenue Next 2Y2.84%
Revenue Next 3Y4.44%
Revenue Next 5YN/A
EBIT growth 1Y385%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year289.52%
EBIT Next 3Y74.01%
EBIT Next 5Y49.18%
FCF growth 1Y240.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2185%
OCF growth 3YN/A
OCF growth 5Y-8.69%
BLACKBERRY LTD / BB.CA FAQ
Can you provide the ChartMill fundamental rating for BLACKBERRY LTD?
ChartMill assigns a fundamental rating of 4 / 10 to BB.CA.
Can you provide the valuation status for BLACKBERRY LTD?
ChartMill assigns a valuation rating of 5 / 10 to BLACKBERRY LTD (BB.CA). This can be considered as Fairly Valued.
What is the profitability of BB stock?
BLACKBERRY LTD (BB.CA) has a profitability rating of 4 / 10.
Can you provide the financial health for BB stock?
The financial health rating of BLACKBERRY LTD (BB.CA) is 5 / 10.