BLACKBERRY LTD (BB) Fundamental Analysis & Valuation

NYSE:BB • CA09228F1036

3.48 USD
+0.07 (+2.05%)
At close: Mar 4, 2026
3.4898 USD
+0.01 (+0.28%)
After Hours: 3/4/2026, 8:09:41 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

Overall BB gets a fundamental rating of 4 out of 10. We evaluated BB against 276 industry peers in the Software industry. BB has an average financial health and profitability rating. BB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. BB 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.
  • BB had negative earnings in 4 of the past 5 years.
  • In multiple years BB reported negative operating cash flow during the last 5 years.
BB Yearly Net Income VS EBIT VS OCF VS FCFBB 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 0 500M -500M -1B

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 63.41% of the companies in the same industry.
  • BB's Return On Equity of 2.96% is fine compared to the rest of the industry. BB outperforms 63.77% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.20%, BB is in the better half of the industry, outperforming 71.74% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BB is significantly below the industry average of 10.80%.
Industry RankSector Rank
ROA 1.8%
ROE 2.96%
ROIC 4.2%
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)5.23%
ROIC(5y)N/A
BB Yearly ROA, ROE, ROICBB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80

1.3 Margins

  • BB's Profit Margin of 4.08% is fine compared to the rest of the industry. BB outperforms 64.13% of its industry peers.
  • With a decent Operating Margin value of 9.55%, BB is doing good in the industry, outperforming 75.72% of the companies in the same industry.
  • BB has a Gross Margin of 74.99%. This is in the better half of the industry: BB outperforms 66.30% of its industry peers.
  • BB's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
BB Yearly Profit, Operating, Gross MarginsBB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

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4

2. BB 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.
  • 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 Yearly Shares OutstandingBB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
BB Yearly Total Debt VS Total AssetsBB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • BB has an Altman-Z score of 0.87. 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 0.87. This is in the lower half of the industry: BB underperforms 63.04% of its industry peers.
  • The Debt to FCF ratio of BB is 5.16, which is a neutral value as it means it would take BB, 5.16 years of fcf income to pay off all of its debts.
  • BB has a Debt to FCF ratio of 5.16. This is comparable to the rest of the industry: BB outperforms 57.25% of its industry peers.
  • A Debt/Equity ratio of 0.26 indicates that BB is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.26, BB is in line with its industry, outperforming 40.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 5.16
Altman-Z 0.87
ROIC/WACC0.42
WACC10.1%
BB Yearly LT Debt VS Equity VS FCFBB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 2.14 indicates that BB has no problem at all paying its short term obligations.
  • The Current ratio of BB (2.14) is better than 60.51% of its industry peers.
  • 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 60.87% of its industry peers.
Industry RankSector Rank
Current Ratio 2.14
Quick Ratio 2.14
BB Yearly Current Assets VS Current LiabilitesBB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BB Growth Analysis

3.1 Past

  • BB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 600.00%, which is quite impressive.
  • The earnings per share for BB have been decreasing by -31.23% on average. This is quite bad
  • BB shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.24%.
  • 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BB Yearly Revenue VS EstimatesBB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
BB Yearly EPS VS EstimatesBB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0 0.2 -0.2 0.4

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Find the best growth stocksShow best growing peers

5

4. BB Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.86, the valuation of BB can be described as rather expensive.
  • Based on the Price/Earnings ratio, BB is valued a bit cheaper than the industry average as 63.77% of the companies are valued more expensively.
  • BB's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
  • A Price/Forward Earnings ratio of 19.87 indicates a rather expensive valuation of BB.
  • Based on the Price/Forward Earnings ratio, BB is valued a bit cheaper than the industry average as 67.03% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.11, BB is valued a bit cheaper.
Industry RankSector Rank
PE 24.86
Fwd PE 19.87
BB Price Earnings VS Forward Price EarningsBB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 69.93% of the companies in the same industry are more expensive than BB, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as BB.
Industry RankSector Rank
P/FCF 54.05
EV/EBITDA 26.23
BB Per share dataBB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

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 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%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. BB Dividend Analysis

5.1 Amount

  • No dividends for BB!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

BB Fundamentals: All Metrics, Ratios and Statistics

BLACKBERRY LTD

NYSE:BB (3/4/2026, 8:09:41 PM)

After market: 3.4898 +0.01 (+0.28%)

3.48

+0.07 (+2.05%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-18
Earnings (Next)04-09
Inst Owners50.29%
Inst Owner Change-4.3%
Ins Owners0.21%
Ins Owner Change4.28%
Market Cap2.05B
Revenue(TTM)537.00M
Net Income(TTM)21.90M
Analysts47.69
Price Target3.25 (-6.61%)
Short Float %3.95%
Short Ratio2.92
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)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)1.61%
PT rev (3m)-0.97%
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 RankSector Rank
PE 24.86
Fwd PE 19.87
P/S 3.82
P/FCF 54.05
P/OCF 44.94
P/B 2.77
P/tB 9.24
EV/EBITDA 26.23
EPS(TTM)0.14
EY4.02%
EPS(NY)0.18
Fwd EY5.03%
FCF(TTM)0.06
FCFY1.85%
OCF(TTM)0.08
OCFY2.23%
SpS0.91
BVpS1.26
TBVpS0.38
PEG (NY)0.04
PEG (5Y)N/A
Graham Number1.99
Profitability
Industry RankSector Rank
ROA 1.8%
ROE 2.96%
ROCE 5.32%
ROIC 4.2%
ROICexc 6.13%
ROICexgc 28.52%
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)5.23%
ROIC(5y)N/A
ROICexc(3y)8.17%
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 RankSector 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 0.87
F-Score7
WACC10.1%
ROIC/WACC0.42
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 FAQ

Can you provide the ChartMill fundamental rating for BLACKBERRY LTD?

ChartMill assigns a fundamental rating of 4 / 10 to BB.


Can you provide the valuation status for BLACKBERRY LTD?

ChartMill assigns a valuation rating of 5 / 10 to BLACKBERRY LTD (BB). This can be considered as Fairly Valued.


What is the profitability of BB stock?

BLACKBERRY LTD (BB) has a profitability rating of 4 / 10.


Can you provide the financial health for BB stock?

The financial health rating of BLACKBERRY LTD (BB) is 4 / 10.