BALLARD POWER SYSTEMS INC (BLDP.CA) Stock Fundamental Analysis

TSX:BLDP • CA0585861085

2.93 CAD
-0.1 (-3.3%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Overall BLDP gets a fundamental rating of 2 out of 10. We evaluated BLDP against 14 industry peers in the Electrical Equipment industry. While BLDP seems to be doing ok healthwise, there are quite some concerns on its profitability. BLDP is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year BLDP has reported negative net income.
  • In the past year BLDP has reported a negative cash flow from operations.
  • In the past 5 years BLDP always reported negative net income.
  • BLDP had a negative operating cash flow in each of the past 5 years.
BLDP.CA Yearly Net Income VS EBIT VS OCF VS FCFBLDP.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 -100M -200M -300M

1.2 Ratios

  • The Return On Assets of BLDP (-16.87%) is better than 71.43% of its industry peers.
  • BLDP's Return On Equity of -19.75% is fine compared to the rest of the industry. BLDP outperforms 78.57% of its industry peers.
Industry RankSector Rank
ROA -16.87%
ROE -19.75%
ROIC N/A
ROA(3y)-24.04%
ROA(5y)-17.06%
ROE(3y)-27.03%
ROE(5y)-19.08%
ROIC(3y)N/A
ROIC(5y)N/A
BLDP.CA Yearly ROA, ROE, ROICBLDP.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 -10 -20 -30 -40

1.3 Margins

  • BLDP does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BLDP.CA Yearly Profit, Operating, Gross MarginsBLDP.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • BLDP does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for BLDP remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, BLDP has more shares outstanding
  • BLDP has a worse debt/assets ratio than last year.
BLDP.CA Yearly Shares OutstandingBLDP.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
BLDP.CA Yearly Total Debt VS Total AssetsBLDP.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.2 Solvency

  • BLDP has an Altman-Z score of 0.09. This is a bad value and indicates that BLDP is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of BLDP (0.09) is worse than 64.29% of its industry peers.
  • A Debt/Equity ratio of 0.03 indicates that BLDP is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.03, BLDP is in line with its industry, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 0.09
ROIC/WACCN/A
WACC7.94%
BLDP.CA Yearly LT Debt VS Equity VS FCFBLDP.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 8.33 indicates that BLDP has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 8.33, BLDP is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • A Quick Ratio of 7.53 indicates that BLDP has no problem at all paying its short term obligations.
  • BLDP has a Quick ratio of 7.53. This is in the better half of the industry: BLDP outperforms 78.57% of its industry peers.
Industry RankSector Rank
Current Ratio 8.33
Quick Ratio 7.53
BLDP.CA Yearly Current Assets VS Current LiabilitesBLDP.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 64.55% over the past year.
  • Looking at the last year, BLDP shows a decrease in Revenue. The Revenue has decreased by -1.20% in the last year.
  • BLDP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.98% yearly.
EPS 1Y (TTM)64.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.76%
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%120.26%

3.2 Future

  • BLDP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.87% yearly.
  • BLDP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.16% yearly.
EPS Next Y69.68%
EPS Next 2Y33.49%
EPS Next 3Y22.61%
EPS Next 5Y14.87%
Revenue Next Year26.14%
Revenue Next 2Y19.91%
Revenue Next 3Y20.71%
Revenue Next 5Y22.16%

3.3 Evolution

  • 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.
BLDP.CA Yearly Revenue VS EstimatesBLDP.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M
BLDP.CA Yearly EPS VS EstimatesBLDP.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030 2031 0 -0.5 -1

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • BLDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year BLDP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BLDP.CA Price Earnings VS Forward Price EarningsBLDP.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BLDP.CA Per share dataBLDP.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

  • BLDP's earnings are expected to grow with 22.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.49%
EPS Next 3Y22.61%

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

BALLARD POWER SYSTEMS INC

TSX:BLDP (2/27/2026, 7:00:00 PM)

2.93

-0.1 (-3.3%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-13
Earnings (Next)03-12
Inst Owners31.66%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap880.70M
Revenue(TTM)90.25M
Net Income(TTM)-119.86M
Analysts42.22
Price TargetN/A
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)19.32%
Min EPS beat(2)18.62%
Max EPS beat(2)20.03%
EPS beat(4)3
Avg EPS beat(4)14.65%
Min EPS beat(4)-14.08%
Max EPS beat(4)34.01%
EPS beat(8)5
Avg EPS beat(8)-45.21%
EPS beat(12)7
Avg EPS beat(12)-32.15%
EPS beat(16)7
Avg EPS beat(16)-34.94%
Revenue beat(2)1
Avg Revenue beat(2)16.44%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)33.98%
Revenue beat(4)1
Avg Revenue beat(4)0.6%
Min Revenue beat(4)-20.95%
Max Revenue beat(4)33.98%
Revenue beat(8)2
Avg Revenue beat(8)-4.25%
Revenue beat(12)3
Avg Revenue beat(12)-7.43%
Revenue beat(16)4
Avg Revenue beat(16)-8.33%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.56%
EPS NY rev (1m)0%
EPS NY rev (3m)9.04%
Revenue NQ rev (1m)1.92%
Revenue NQ rev (3m)1.87%
Revenue NY rev (1m)1.13%
Revenue NY rev (3m)10.14%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 7.14
P/FCF N/A
P/OCF N/A
P/B 1.06
P/tB 1.06
EV/EBITDA N/A
EPS(TTM)-0.53
EYN/A
EPS(NY)-0.32
Fwd EYN/A
FCF(TTM)-0.47
FCFYN/A
OCF(TTM)-0.42
OCFYN/A
SpS0.41
BVpS2.76
TBVpS2.75
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -16.87%
ROE -19.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-24.04%
ROA(5y)-17.06%
ROE(3y)-27.03%
ROE(5y)-19.08%
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
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 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 301.96%
Cap/Sales 13.66%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 8.33
Quick Ratio 7.53
Altman-Z 0.09
F-Score5
WACC7.94%
ROIC/WACCN/A
Cap/Depr(3y)264.88%
Cap/Depr(5y)223.12%
Cap/Sales(3y)40.71%
Cap/Sales(5y)29.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)64.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.76%
EPS Next Y69.68%
EPS Next 2Y33.49%
EPS Next 3Y22.61%
EPS Next 5Y14.87%
Revenue 1Y (TTM)-1.2%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%120.26%
Revenue Next Year26.14%
Revenue Next 2Y19.91%
Revenue Next 3Y20.71%
Revenue Next 5Y22.16%
EBIT growth 1Y38.02%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.66%
EBIT Next 3Y20.03%
EBIT Next 5Y12.54%
FCF growth 1Y33.19%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.35%
OCF growth 3YN/A
OCF growth 5YN/A

BALLARD POWER SYSTEMS INC / BLDP.CA FAQ

What is the fundamental rating for BLDP stock?

ChartMill assigns a fundamental rating of 2 / 10 to BLDP.CA.


What is the valuation status for BLDP stock?

ChartMill assigns a valuation rating of 1 / 10 to BALLARD POWER SYSTEMS INC (BLDP.CA). This can be considered as Overvalued.


What is the profitability of BLDP stock?

BALLARD POWER SYSTEMS INC (BLDP.CA) has a profitability rating of 1 / 10.


What is the earnings growth outlook for BALLARD POWER SYSTEMS INC?

The Earnings per Share (EPS) of BALLARD POWER SYSTEMS INC (BLDP.CA) is expected to grow by 69.68% in the next year.