BALLARD POWER SYSTEMS INC (BLDP.CA) Fundamental Analysis & Valuation

TSX:BLDP • CA0585861085

Current stock price

3.45 CAD
+0.08 (+2.37%)
Last:

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

2

1. BLDP.CA Profitability Analysis

1.1 Basic Checks

  • BLDP had negative earnings in the past year.
  • BLDP had a negative operating cash flow in the past year.
  • BLDP had negative earnings in each of the past 5 years.
  • In the past 5 years BLDP always reported negative operating cash flow.
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 2025 -100M -200M -300M

1.2 Ratios

  • BLDP's Return On Assets of -13.32% is fine compared to the rest of the industry. BLDP outperforms 71.43% of its industry peers.
  • BLDP has a better Return On Equity (-15.41%) than 78.57% of its industry peers.
Industry RankSector Rank
ROA -13.32%
ROE -15.41%
ROIC N/A
ROA(3y)-23.84%
ROA(5y)-18.67%
ROE(3y)-27.17%
ROE(5y)-21.02%
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 2025 -10 -20 -30 -40

1.3 Margins

  • The Gross Margin of BLDP (5.50%) is better than 64.29% of its industry peers.
  • In the last couple of years the Gross Margin of BLDP has declined.
  • BLDP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 5.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y-22.93%
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 2025 0 -100 -200 -300 -400

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. BLDP.CA Health Analysis

2.1 Basic Checks

  • BLDP does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • BLDP has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for BLDP has been increased compared to 5 years ago.
  • Compared to 1 year ago, BLDP has a worse debt to assets ratio.
BLDP.CA Yearly Shares OutstandingBLDP.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
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 2025 500M 1B

2.2 Solvency

  • BLDP has an Altman-Z score of 1.13. This is a bad value and indicates that BLDP is not financially healthy and even has some risk of bankruptcy.
  • BLDP has a Altman-Z score of 1.13. This is comparable to the rest of the industry: BLDP outperforms 42.86% of its industry peers.
  • BLDP has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • BLDP has a Debt to Equity ratio of 0.03. This is comparable to the rest of the industry: BLDP outperforms 57.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 1.13
ROIC/WACCN/A
WACC7.83%
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 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 9.86 indicates that BLDP has no problem at all paying its short term obligations.
  • BLDP has a better Current ratio (9.86) than 85.71% of its industry peers.
  • BLDP has a Quick Ratio of 9.14. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of BLDP (9.14) is better than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 9.86
Quick Ratio 9.14
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 2025 200M 400M 600M 800M 1B

More info and screens

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

5

3. BLDP.CA Growth Analysis

3.1 Past

  • BLDP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 72.22%, which is quite impressive.
  • BLDP shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.50%.
  • The Revenue has been decreasing by -0.89% on average over the past years.
EPS 1Y (TTM)72.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
Revenue 1Y (TTM)42.5%
Revenue growth 3Y6.67%
Revenue growth 5Y-0.89%
Sales Q2Q%37.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 17.84% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 21.90% on average over the next years. This is a very strong growth
EPS Next Y19.91%
EPS Next 2Y17.33%
EPS Next 3Y5.79%
EPS Next 5Y17.84%
Revenue Next Year14.68%
Revenue Next 2Y18.04%
Revenue Next 3Y19.87%
Revenue Next 5Y21.9%

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

0

4. BLDP.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for BLDP. In the last year negative earnings were reported.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BLDP. No positive earnings are expected for the next year.
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 -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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y17.33%
EPS Next 3Y5.79%

More info and screens

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

0

5. BLDP.CA Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

BLDP.CA Fundamentals: All Metrics, Ratios and Statistics

BALLARD POWER SYSTEMS INC

TSX:BLDP (4/2/2026, 7:00:00 PM)

3.45

+0.08 (+2.37%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-12
Earnings (Next)05-04
Inst Owners32.13%
Inst Owner ChangeN/A
Ins Owners0.2%
Ins Owner ChangeN/A
Market Cap1.04B
Revenue(TTM)99.37M
Net Income(TTM)-90.91M
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)22.66%
Min EPS beat(2)20.03%
Max EPS beat(2)25.3%
EPS beat(4)4
Avg EPS beat(4)24.49%
Min EPS beat(4)18.62%
Max EPS beat(4)34.01%
EPS beat(8)6
Avg EPS beat(8)-38.34%
EPS beat(12)7
Avg EPS beat(12)-31.8%
EPS beat(16)8
Avg EPS beat(16)-27.35%
Revenue beat(2)2
Avg Revenue beat(2)19.77%
Min Revenue beat(2)5.55%
Max Revenue beat(2)33.98%
Revenue beat(4)2
Avg Revenue beat(4)7.23%
Min Revenue beat(4)-9.52%
Max Revenue beat(4)33.98%
Revenue beat(8)2
Avg Revenue beat(8)-7.66%
Revenue beat(12)4
Avg Revenue beat(12)-4.86%
Revenue beat(16)4
Avg Revenue beat(16)-8.89%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)12.66%
EPS NQ rev (3m)14.32%
EPS NY rev (1m)-1.97%
EPS NY rev (3m)-1.97%
Revenue NQ rev (1m)-1.82%
Revenue NQ rev (3m)0.77%
Revenue NY rev (1m)0.68%
Revenue NY rev (3m)4.32%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 7.5
P/FCF N/A
P/OCF N/A
P/B 1.26
P/tB 1.26
EV/EBITDA N/A
EPS(TTM)-0.42
EYN/A
EPS(NY)-0.33
Fwd EYN/A
FCF(TTM)-0.31
FCFYN/A
OCF(TTM)-0.26
OCFYN/A
SpS0.46
BVpS2.73
TBVpS2.73
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -13.32%
ROE -15.41%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 5.5%
FCFM N/A
ROA(3y)-23.84%
ROA(5y)-18.67%
ROE(3y)-27.17%
ROE(5y)-21.02%
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 5Y-22.93%
F-Score5
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 246.69%
Cap/Sales 10.25%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.86
Quick Ratio 9.14
Altman-Z 1.13
F-Score5
WACC7.83%
ROIC/WACCN/A
Cap/Depr(3y)261.06%
Cap/Depr(5y)238.42%
Cap/Sales(3y)30.09%
Cap/Sales(5y)29.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)72.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
EPS Next Y19.91%
EPS Next 2Y17.33%
EPS Next 3Y5.79%
EPS Next 5Y17.84%
Revenue 1Y (TTM)42.5%
Revenue growth 3Y6.67%
Revenue growth 5Y-0.89%
Sales Q2Q%37.03%
Revenue Next Year14.68%
Revenue Next 2Y18.04%
Revenue Next 3Y19.87%
Revenue Next 5Y21.9%
EBIT growth 1Y50.85%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.19%
EBIT Next 3Y17.45%
EBIT Next 5Y12.15%
FCF growth 1Y51.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y48.04%
OCF growth 3YN/A
OCF growth 5YN/A

BALLARD POWER SYSTEMS INC / BLDP.CA Fundamental Analysis FAQ

What is the fundamental rating for BLDP stock?

ChartMill assigns a fundamental rating of 3 / 10 to BLDP.CA.


What is the valuation status for BLDP stock?

ChartMill assigns a valuation rating of 0 / 10 to BALLARD POWER SYSTEMS INC (BLDP.CA). This can be considered as Overvalued.


How profitable is BALLARD POWER SYSTEMS INC (BLDP.CA) stock?

BALLARD POWER SYSTEMS INC (BLDP.CA) has a profitability rating of 2 / 10.


What is the financial health of BALLARD POWER SYSTEMS INC (BLDP.CA) stock?

The financial health rating of BALLARD POWER SYSTEMS INC (BLDP.CA) is 4 / 10.