BLOOM ENERGY CORP- A (BE) Stock Fundamental Analysis
NYSE:BE - New York Stock Exchange, Inc. - US0937121079 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to BE. BE was compared to 95 industry peers in the Electrical Equipment industry. BE has an average financial health and profitability rating. BE is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year BE was profitable.
In the past year BE had a positive cash flow from operations.
In the past 5 years BE always reported negative net income.
BE had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
BE's Return On Assets of 0.17% is fine compared to the rest of the industry. BE outperforms 66.32% of its industry peers.
With a decent Return On Equity value of 0.78%, BE is doing good in the industry, outperforming 66.32% of the companies in the same industry.
With a decent Return On Invested Capital value of 2.06%, BE is doing good in the industry, outperforming 64.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.78% | ||
| ROIC | 2.06% |
ROA(3y)-9.7%
ROA(5y)-9.89%
ROE(3y)-51.27%
ROE(5y)-90.79%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 0.29%, BE is in the better half of the industry, outperforming 67.37% of the companies in the same industry.
With a decent Operating Margin value of 3.38%, BE is doing good in the industry, outperforming 68.42% of the companies in the same industry.
BE's Gross Margin of 29.10% is fine compared to the rest of the industry. BE outperforms 66.32% of its industry peers.
In the last couple of years the Gross Margin of BE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.38% | ||
| PM (TTM) | 0.29% | ||
| GM | 29.1% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.54%
GM growth 5Y17.17%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BE is destroying value.
The number of shares outstanding for BE has been increased compared to 1 year ago.
The number of shares outstanding for BE has been increased compared to 5 years ago.
Compared to 1 year ago, BE has an improved debt to assets ratio.
2.2 Solvency
BE has an Altman-Z score of 0.55. This is a bad value and indicates that BE is not financially healthy and even has some risk of bankruptcy.
BE's Altman-Z score of 0.55 is in line compared to the rest of the industry. BE outperforms 53.68% of its industry peers.
BE has a debt to FCF ratio of 18.02. This is a negative value and a sign of low solvency as BE would need 18.02 years to pay back of all of its debts.
BE has a Debt to FCF ratio of 18.02. This is in the better half of the industry: BE outperforms 63.16% of its industry peers.
A Debt/Equity ratio of 2.16 is on the high side and indicates that BE has dependencies on debt financing.
BE has a Debt to Equity ratio of 2.16. This is in the lower half of the industry: BE underperforms 76.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.16 | ||
| Debt/FCF | 18.02 | ||
| Altman-Z | 0.55 |
ROIC/WACC0.26
WACC7.8%
2.3 Liquidity
BE has a Current Ratio of 3.44. This indicates that BE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.44, BE belongs to the top of the industry, outperforming 81.05% of the companies in the same industry.
A Quick Ratio of 2.39 indicates that BE has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.39, BE is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.44 | ||
| Quick Ratio | 2.39 |
3. Growth
3.1 Past
BE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 425.00%, which is quite impressive.
Looking at the last year, BE shows a very strong growth in Revenue. The Revenue has grown by 20.95%.
BE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.42% yearly.
EPS 1Y (TTM)425%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%117.65%
Revenue 1Y (TTM)20.95%
Revenue growth 3Y14.88%
Revenue growth 5Y13.42%
Sales Q2Q%38.56%
3.2 Future
Based on estimates for the next years, BE will show a very strong growth in Earnings Per Share. The EPS will grow by 39.80% on average per year.
The Revenue is expected to grow by 16.19% on average over the next years. This is quite good.
EPS Next Y149.88%
EPS Next 2Y106.18%
EPS Next 3Y91.48%
EPS Next 5Y39.8%
Revenue Next Year23.66%
Revenue Next 2Y21.74%
Revenue Next 3Y21.66%
Revenue Next 5Y16.19%
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 49.95 indicates a quite expensive valuation of BE.
Based on the Price/Earnings ratio, BE is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.82, BE is valued quite expensively.
The Price/Forward Earnings ratio is 24.12, which indicates a rather expensive current valuation of BE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BE indicates a somewhat cheap valuation: BE is cheaper than 70.53% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BE to the average of the S&P500 Index (21.76), we can say BE is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.95 | ||
| Fwd PE | 24.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BE is valued a bit cheaper than the industry average as 64.21% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, BE is valued a bit cheaper than the industry average as 65.26% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 58.82 | ||
| EV/EBITDA | 48.53 |
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.
A more expensive valuation may be justified as BE's earnings are expected to grow with 91.48% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y106.18%
EPS Next 3Y91.48%
5. Dividend
5.1 Amount
No dividends for BE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.48
+1.11 (+6.04%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners85.53%
Inst Owner Change8.49%
Ins Owners3.02%
Ins Owner Change6.57%
Market Cap4.52B
Analysts72.94
Price Target24.73 (26.95%)
Short Float %23.7%
Short Ratio6.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.01
Dividend Growth(5Y)N/A
DP32.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)91.1%
Min EPS beat(2)39.45%
Max EPS beat(2)142.76%
EPS beat(4)2
Avg EPS beat(4)9.8%
Min EPS beat(4)-111.83%
Max EPS beat(4)142.76%
EPS beat(8)3
Avg EPS beat(8)47.16%
EPS beat(12)4
Avg EPS beat(12)20.69%
EPS beat(16)4
Avg EPS beat(16)-26.55%
Revenue beat(2)2
Avg Revenue beat(2)7.97%
Min Revenue beat(2)7.71%
Max Revenue beat(2)8.23%
Revenue beat(4)3
Avg Revenue beat(4)1.47%
Min Revenue beat(4)-16.08%
Max Revenue beat(4)8.23%
Revenue beat(8)4
Avg Revenue beat(8)-3.96%
Revenue beat(12)8
Avg Revenue beat(12)-0.88%
Revenue beat(16)9
Avg Revenue beat(16)-2.13%
PT rev (1m)-11.09%
PT rev (3m)-1.57%
EPS NQ rev (1m)72.56%
EPS NQ rev (3m)-42.69%
EPS NY rev (1m)16.15%
EPS NY rev (3m)16.86%
Revenue NQ rev (1m)-2.71%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0.73%
Revenue NY rev (3m)4.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.95 | ||
| Fwd PE | 24.12 | ||
| P/S | 2.89 | ||
| P/FCF | 58.82 | ||
| P/OCF | 35.18 | ||
| P/B | 7.82 | ||
| P/tB | 7.82 | ||
| EV/EBITDA | 48.53 |
EPS(TTM)0.39
EY2%
EPS(NY)0.81
Fwd EY4.15%
FCF(TTM)0.33
FCFY1.7%
OCF(TTM)0.55
OCFY2.84%
SpS6.74
BVpS2.49
TBVpS2.49
PEG (NY)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.17% | ||
| ROE | 0.78% | ||
| ROCE | 2.61% | ||
| ROIC | 2.06% | ||
| ROICexc | 3.4% | ||
| ROICexgc | 3.4% | ||
| OM | 3.38% | ||
| PM (TTM) | 0.29% | ||
| GM | 29.1% | ||
| FCFM | 4.92% |
ROA(3y)-9.7%
ROA(5y)-9.89%
ROE(3y)-51.27%
ROE(5y)-90.79%
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)N/A
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 3Y10.54%
GM growth 5Y17.17%
F-Score7
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.16 | ||
| Debt/FCF | 18.02 | ||
| Debt/EBITDA | 11.85 | ||
| Cap/Depr | 98.4% | ||
| Cap/Sales | 3.3% | ||
| Interest Coverage | 1.03 | ||
| Cash Conversion | 122.03% | ||
| Profit Quality | 1715.5% | ||
| Current Ratio | 3.44 | ||
| Quick Ratio | 2.39 | ||
| Altman-Z | 0.55 |
F-Score7
WACC7.8%
ROIC/WACC0.26
Cap/Depr(3y)144.77%
Cap/Depr(5y)119.97%
Cap/Sales(3y)6.67%
Cap/Sales(5y)5.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)425%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%117.65%
EPS Next Y149.88%
EPS Next 2Y106.18%
EPS Next 3Y91.48%
EPS Next 5Y39.8%
Revenue 1Y (TTM)20.95%
Revenue growth 3Y14.88%
Revenue growth 5Y13.42%
Sales Q2Q%38.56%
Revenue Next Year23.66%
Revenue Next 2Y21.74%
Revenue Next 3Y21.66%
Revenue Next 5Y16.19%
EBIT growth 1Y128.25%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year319.18%
EBIT Next 3Y111.11%
EBIT Next 5Y64.62%
FCF growth 1Y114.27%
FCF growth 3YN/A
FCF growth 5Y-21.71%
OCF growth 1Y131.06%
OCF growth 3YN/A
OCF growth 5Y-10.9%