Logo image of BLDP.CA

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

TSX:BLDP - Toronto Stock Exchange - CA0585861085 - Common Stock - Currency: CAD

1.68  -0.03 (-1.75%)

Fundamental Rating

3

Taking everything into account, BLDP scores 3 out of 10 in our fundamental rating. BLDP was compared to 14 industry peers in the Electrical Equipment industry. BLDP scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BLDP is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

BLDP had negative earnings in the past year.
In the past year BLDP has reported a negative cash flow from operations.
In the past 5 years BLDP always reported negative net income.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100M -200M -300M

1.2 Ratios

BLDP has a Return On Assets of -41.71%. This is in the better half of the industry: BLDP outperforms 71.43% of its industry peers.
BLDP has a Return On Equity of -48.18%. This is in the better half of the industry: BLDP outperforms 71.43% of its industry peers.
Industry RankSector Rank
ROA -41.71%
ROE -48.18%
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 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

More info and screens

5

2. Health

2.1 Basic Checks

BLDP does not have a ROIC to compare to the WACC, probably because it is not profitable.
BLDP has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, BLDP has more shares outstanding
Compared to 1 year ago, BLDP has a worse debt to assets ratio.
BLDP.CA Yearly Shares OutstandingBLDP.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.2 Solvency

BLDP has an Altman-Z score of -1.27. 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 (-1.27) is comparable to the rest of the industry.
BLDP has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.03, BLDP is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z -1.27
ROIC/WACCN/A
WACC7.43%
BLDP.CA Yearly LT Debt VS Equity VS FCFBLDP.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B

2.3 Liquidity

A Current Ratio of 9.25 indicates that BLDP has no problem at all paying its short term obligations.
BLDP's Current ratio of 9.25 is amongst the best of the industry. BLDP outperforms 92.86% of its industry peers.
A Quick Ratio of 8.50 indicates that BLDP has no problem at all paying its short term obligations.
BLDP has a better Quick ratio (8.50) than 92.86% of its industry peers.
Industry RankSector Rank
Current Ratio 9.25
Quick Ratio 8.5
BLDP.CA Yearly Current Assets VS Current LiabilitesBLDP.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

More info and screens

4

3. Growth

3.1 Past

BLDP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -83.05%.
Looking at the last year, BLDP shows a very negative growth in Revenue. The Revenue has decreased by -31.88% in the last year.
The Revenue has been decreasing by -7.98% on average over the past years.
EPS 1Y (TTM)-83.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.76%
Revenue 1Y (TTM)-31.88%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%-46.86%

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.
The Revenue is expected to grow by 34.73% on average over the next years. This is a very strong growth
EPS Next Y62.54%
EPS Next 2Y28.91%
EPS Next 3Y20.19%
EPS Next 5Y14.87%
Revenue Next Year26.7%
Revenue Next 2Y26.26%
Revenue Next 3Y28.51%
Revenue Next 5Y34.73%

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 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M
BLDP.CA Yearly EPS VS EstimatesBLDP.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030 2031 0 -0.5 -1

More info and screens

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

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 -1 2 3

4.3 Compensation for Growth

BLDP's earnings are expected to grow with 20.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y28.91%
EPS Next 3Y20.19%

More info and screens

0

5. Dividend

5.1 Amount

BLDP does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

BALLARD POWER SYSTEMS INC

TSX:BLDP (4/30/2025, 7:00:00 PM)

1.68

-0.03 (-1.75%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-13 2025-03-13/bmo
Earnings (Next)05-06 2025-05-06/bmo
Inst Owners28.55%
Inst Owner ChangeN/A
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap503.06M
Analysts42.22
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-213.45%
Min EPS beat(2)-412.82%
Max EPS beat(2)-14.08%
EPS beat(4)2
Avg EPS beat(4)-101.18%
Min EPS beat(4)-412.82%
Max EPS beat(4)18.61%
EPS beat(8)3
Avg EPS beat(8)-59.95%
EPS beat(12)4
Avg EPS beat(12)-44.63%
EPS beat(16)4
Avg EPS beat(16)-43.65%
Revenue beat(2)0
Avg Revenue beat(2)-29.77%
Min Revenue beat(2)-38.59%
Max Revenue beat(2)-20.95%
Revenue beat(4)0
Avg Revenue beat(4)-22.54%
Min Revenue beat(4)-38.59%
Max Revenue beat(4)-14.86%
Revenue beat(8)2
Avg Revenue beat(8)-10.91%
Revenue beat(12)2
Avg Revenue beat(12)-14.27%
Revenue beat(16)4
Avg Revenue beat(16)-11.44%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0.52%
EPS NQ rev (3m)-0.06%
EPS NY rev (1m)0%
EPS NY rev (3m)1.29%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 5.22
P/FCF N/A
P/OCF N/A
P/B 0.54
P/tB 0.54
EV/EBITDA N/A
EPS(TTM)-1.49
EYN/A
EPS(NY)-0.56
Fwd EYN/A
FCF(TTM)-0.63
FCFYN/A
OCF(TTM)-0.5
OCFYN/A
SpS0.32
BVpS3.11
TBVpS3.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -41.71%
ROE -48.18%
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
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 3YN/A
GM growth 5YN/A
F-Score1
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 230.66%
Cap/Sales 39.61%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.25
Quick Ratio 8.5
Altman-Z -1.27
F-Score1
WACC7.43%
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)-83.05%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.76%
EPS Next Y62.54%
EPS Next 2Y28.91%
EPS Next 3Y20.19%
EPS Next 5Y14.87%
Revenue 1Y (TTM)-31.88%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%-46.86%
Revenue Next Year26.7%
Revenue Next 2Y26.26%
Revenue Next 3Y28.51%
Revenue Next 5Y34.73%
EBIT growth 1Y-3.66%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year38.08%
EBIT Next 3Y17.97%
EBIT Next 5Y11.33%
FCF growth 1Y7%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3.37%
OCF growth 3YN/A
OCF growth 5YN/A