BLACKBERRY LTD (BB.CA) Fundamental Analysis & Valuation

TSX:BBCA09228F1036

Current stock price

6.63 CAD
+0.21 (+3.27%)
Last:

This BB.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

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.
  • The reported net income has been mixed in the past 5 years: BB reported negative net income in multiple years.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 500M -500M -1B

1.2 Ratios

  • BB's Return On Assets of 4.27% is fine compared to the rest of the industry. BB outperforms 75.76% of its industry peers.
  • BB has a better Return On Equity (7.13%) than 71.21% of its industry peers.
  • The Return On Invested Capital of BB (4.87%) is better than 66.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BB is significantly below the industry average of 13.06%.
  • The last Return On Invested Capital (4.87%) for BB is above the 3 year average (4.42%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.27%
ROE 7.13%
ROIC 4.87%
ROA(3y)-3.72%
ROA(5y)-10.89%
ROE(3y)-6.87%
ROE(5y)-21.11%
ROIC(3y)4.42%
ROIC(5y)N/A
BB.CA Yearly ROA, ROE, ROICBB.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 -20 -40 -60 -80

1.3 Margins

  • With a decent Profit Margin value of 9.69%, BB is doing good in the industry, outperforming 77.27% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 12.04%, BB is in the better half of the industry, outperforming 71.21% of the companies in the same industry.
  • BB's Operating Margin has declined in the last couple of years.
  • The Gross Margin of BB (76.16%) is better than 78.79% of its industry peers.
  • BB's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.04%
PM (TTM) 9.69%
GM 76.16%
OM growth 3Y-6.7%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.02%
GM growth 5Y1.13%
BB.CA Yearly Profit, Operating, Gross MarginsBB.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 50 -50 -100

6

2. BB.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BB is destroying value.
  • Compared to 1 year ago, BB has less shares outstanding
  • BB has more shares outstanding than it did 5 years ago.
  • BB has a worse debt/assets ratio than last year.
BB.CA Yearly Shares OutstandingBB.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B 4B 5B

2.2 Solvency

  • An Altman-Z score of 1.90 indicates that BB is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 1.90, BB perfoms like the industry average, outperforming 56.06% of the companies in the same industry.
  • BB has a debt to FCF ratio of 4.82. This is a neutral value as BB would need 4.82 years to pay back of all of its debts.
  • BB has a better Debt to FCF ratio (4.82) than 69.70% 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 53.03% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.82
Altman-Z 1.9
ROIC/WACC0.51
WACC9.57%
BB.CA Yearly LT Debt VS Equity VS FCFBB.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 2.12 indicates that BB has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.12, BB is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • A Quick Ratio of 2.12 indicates that BB has no problem at all paying its short term obligations.
  • BB's Quick ratio of 2.12 is fine compared to the rest of the industry. BB outperforms 74.24% of its industry peers.
Industry RankSector Rank
Current Ratio 2.12
Quick Ratio 2.12
BB.CA Yearly Current Assets VS Current LiabilitesBB.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B

5

3. BB.CA Growth Analysis

3.1 Past

  • BB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 750.00%, which is quite impressive.
  • Measured over the past years, BB shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.14% on average per year.
  • Looking at the last year, BB shows a decrease in Revenue. The Revenue has decreased by -4.65% in the last year.
  • BB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -9.27% yearly.
EPS 1Y (TTM)750%
EPS 3YN/A
EPS 5Y-1.14%
EPS Q2Q%100%
Revenue 1Y (TTM)-4.65%
Revenue growth 3Y1.42%
Revenue growth 5Y-9.27%
Sales Q2Q%10.09%

3.2 Future

  • BB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.44% yearly.
  • Based on estimates for the next years, BB will show a quite strong growth in Revenue. The Revenue will grow by 9.65% on average per year.
EPS Next Y3%
EPS Next 2Y10.77%
EPS Next 3Y11.7%
EPS Next 5Y13.44%
Revenue Next Year10.55%
Revenue Next 2Y9.75%
Revenue Next 3Y9.65%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
BB.CA Yearly EPS VS EstimatesBB.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 0.2 -0.2 0.4

3

4. BB.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 28.83 indicates a quite expensive valuation of BB.
  • Based on the Price/Earnings ratio, BB is valued a bit cheaper than 74.24% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.89, BB is valued at the same level.
  • With a Price/Forward Earnings ratio of 27.69, BB can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BB indicates a somewhat cheap valuation: BB is cheaper than 65.15% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of BB to the average of the S&P500 Index (38.50), we can say BB is valued slightly cheaper.
Industry RankSector Rank
PE 28.83
Fwd PE 27.69
BB.CA Price Earnings VS Forward Price EarningsBB.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as BB.
  • Based on the Price/Free Cash Flow ratio, BB is valued a bit cheaper than the industry average as 62.12% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 69.87
EV/EBITDA 31.02
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)9.61
PEG (5Y)N/A
EPS Next 2Y10.77%
EPS Next 3Y11.7%

0

5. BB.CA Dividend Analysis

5.1 Amount

  • BB does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

BB.CA Fundamentals: All Metrics, Ratios and Statistics

BLACKBERRY LTD

TSX:BB (4/17/2026, 7:00:00 PM)

6.63

+0.21 (+3.27%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)04-09
Earnings (Next)06-25
Inst Owners48.83%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap3.90B
Revenue(TTM)549.10M
Net Income(TTM)53.20M
Analysts47.69
Price Target4.46 (-32.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)28.6%
Min EPS beat(2)27.75%
Max EPS beat(2)29.45%
EPS beat(4)4
Avg EPS beat(4)236.14%
Min EPS beat(4)27.75%
Max EPS beat(4)676.7%
EPS beat(8)8
Avg EPS beat(8)176.99%
EPS beat(12)12
Avg EPS beat(12)166.03%
EPS beat(16)16
Avg EPS beat(16)132.31%
Revenue beat(2)1
Avg Revenue beat(2)2.17%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)4.91%
Revenue beat(4)3
Avg Revenue beat(4)3.19%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)5.32%
Revenue beat(8)6
Avg Revenue beat(8)6.35%
Revenue beat(12)8
Avg Revenue beat(12)15.01%
Revenue beat(16)9
Avg Revenue beat(16)10.87%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-8.33%
EPS NQ rev (3m)-17.49%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.65%
Revenue NQ rev (1m)6.02%
Revenue NQ rev (3m)4.41%
Revenue NY rev (1m)2.71%
Revenue NY rev (3m)3.38%
Valuation
Industry RankSector Rank
PE 28.83
Fwd PE 27.69
P/S 5.19
P/FCF 69.87
P/OCF 56.68
P/B 3.82
P/tB 12.57
EV/EBITDA 31.02
EPS(TTM)0.23
EY3.47%
EPS(NY)0.24
Fwd EY3.61%
FCF(TTM)0.09
FCFY1.43%
OCF(TTM)0.12
OCFY1.76%
SpS1.28
BVpS1.73
TBVpS0.53
PEG (NY)9.61
PEG (5Y)N/A
Graham Number2.99639 (-54.81%)
Profitability
Industry RankSector Rank
ROA 4.27%
ROE 7.13%
ROCE 6.76%
ROIC 4.87%
ROICexc 7.71%
ROICexgc 48.56%
OM 12.04%
PM (TTM) 9.69%
GM 76.16%
FCFM 7.43%
ROA(3y)-3.72%
ROA(5y)-10.89%
ROE(3y)-6.87%
ROE(5y)-21.11%
ROIC(3y)4.42%
ROIC(5y)N/A
ROICexc(3y)6.44%
ROICexc(5y)N/A
ROICexgc(3y)48.04%
ROICexgc(5y)N/A
ROCE(3y)6.14%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-10.39%
ROICexc growth 5YN/A
OM growth 3Y-6.7%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.02%
GM growth 5Y1.13%
F-Score6
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.82
Debt/EBITDA 2.34
Cap/Depr 53.37%
Cap/Sales 1.73%
Interest Coverage 11.02
Cash Conversion 59.95%
Profit Quality 76.69%
Current Ratio 2.12
Quick Ratio 2.12
Altman-Z 1.9
F-Score6
WACC9.57%
ROIC/WACC0.51
Cap/Depr(3y)37.19%
Cap/Depr(5y)34.55%
Cap/Sales(3y)2.13%
Cap/Sales(5y)3.92%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)750%
EPS 3YN/A
EPS 5Y-1.14%
EPS Q2Q%100%
EPS Next Y3%
EPS Next 2Y10.77%
EPS Next 3Y11.7%
EPS Next 5Y13.44%
Revenue 1Y (TTM)-4.65%
Revenue growth 3Y1.42%
Revenue growth 5Y-9.27%
Sales Q2Q%10.09%
Revenue Next Year10.55%
Revenue Next 2Y9.75%
Revenue Next 3Y9.65%
Revenue Next 5YN/A
EBIT growth 1Y859.77%
EBIT growth 3Y-5.37%
EBIT growth 5YN/A
EBIT Next Year49.72%
EBIT Next 3Y27.35%
EBIT Next 5Y23.29%
FCF growth 1Y537.5%
FCF growth 3YN/A
FCF growth 5Y1.43%
OCF growth 1Y204.85%
OCF growth 3YN/A
OCF growth 5Y-9.31%

BLACKBERRY LTD / BB.CA Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for BLACKBERRY LTD?

ChartMill assigns a fundamental rating of 5 / 10 to BB.CA.


Can you provide the valuation status for BLACKBERRY LTD?

ChartMill assigns a valuation rating of 3 / 10 to BLACKBERRY LTD (BB.CA). This can be considered as Overvalued.


How profitable is BLACKBERRY LTD (BB.CA) stock?

BLACKBERRY LTD (BB.CA) has a profitability rating of 5 / 10.


How financially healthy is BLACKBERRY LTD?

The financial health rating of BLACKBERRY LTD (BB.CA) is 6 / 10.


What is the expected EPS growth for BLACKBERRY LTD (BB.CA) stock?

The Earnings per Share (EPS) of BLACKBERRY LTD (BB.CA) is expected to grow by 3% in the next year.