BALLARD POWER SYSTEMS INC (BLDP) Fundamental Analysis & Valuation

NASDAQ:BLDP • CA0585861085

Current stock price

2.81 USD
+0.17 (+6.44%)
At close:
2.82 USD
+0.01 (+0.36%)
After Hours:

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

1

1. BLDP Profitability Analysis

1.1 Basic Checks

  • In the past year BLDP has reported negative net income.
  • BLDP had a negative operating cash flow in the past year.
  • BLDP had negative earnings in each of the past 5 years.
  • BLDP had a negative operating cash flow in each of the past 5 years.
BLDP Yearly Net Income VS EBIT VS OCF VS FCFBLDP 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

  • With a Return On Assets value of -13.32%, BLDP perfoms like the industry average, outperforming 51.09% of the companies in the same industry.
  • BLDP has a Return On Equity of -15.41%. This is comparable to the rest of the industry: BLDP outperforms 56.52% 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 Yearly ROA, ROE, ROICBLDP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -10 -20 -30 -40

1.3 Margins

  • With a Gross Margin value of 5.50%, BLDP is not doing good in the industry: 70.65% of the companies in the same industry are doing better.
  • BLDP's Gross Margin has declined in the last couple of years.
  • The Profit Margin and Operating Margin are not available for BLDP so they could not be analyzed.
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 Yearly Profit, Operating, Gross MarginsBLDP 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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4

2. BLDP Health Analysis

2.1 Basic Checks

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

  • Based on the Altman-Z score of 1.77, we must say that BLDP is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 1.77, BLDP perfoms like the industry average, outperforming 54.35% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that BLDP is not too dependend on debt financing.
  • BLDP has a better Debt to Equity ratio (0.03) than 76.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 1.77
ROIC/WACCN/A
WACC7.82%
BLDP Yearly LT Debt VS Equity VS FCFBLDP 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.
  • With an excellent Current ratio value of 9.86, BLDP belongs to the best of the industry, outperforming 96.74% of the companies in the same industry.
  • 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.
  • With an excellent Quick ratio value of 9.14, BLDP belongs to the best of the industry, outperforming 96.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.86
Quick Ratio 9.14
BLDP Yearly Current Assets VS Current LiabilitesBLDP 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

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

5

3. BLDP 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%.
  • BLDP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.89% yearly.
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

  • BLDP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.84% yearly.
  • The Revenue is expected to grow by 21.90% on average over the next years. This is a very strong growth
EPS Next Y26.63%
EPS Next 2Y19.19%
EPS Next 3Y14.28%
EPS Next 5Y17.84%
Revenue Next Year13.75%
Revenue Next 2Y16.33%
Revenue Next 3Y15.77%
Revenue Next 5Y21.9%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
BLDP Yearly Revenue VS EstimatesBLDP 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 Yearly EPS VS EstimatesBLDP 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

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0

4. BLDP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for BLDP. In the last year negative earnings were reported.
  • 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 Price Earnings VS Forward Price EarningsBLDP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BLDP Per share dataBLDP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5

4.3 Compensation for Growth

  • BLDP's earnings are expected to grow with 14.28% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y19.19%
EPS Next 3Y14.28%

More info and screens

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

0

5. BLDP Dividend Analysis

5.1 Amount

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

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BLDP Fundamentals: All Metrics, Ratios and Statistics

BALLARD POWER SYSTEMS INC

NASDAQ:BLDP (4/10/2026, 8:08:07 PM)

After market: 2.82 +0.01 (+0.36%)

2.81

+0.17 (+6.44%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)03-12
Earnings (Next)05-05
Inst Owners32.26%
Inst Owner Change0%
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap844.63M
Revenue(TTM)99.37M
Net Income(TTM)-90.91M
Analysts42.22
Price TargetN/A
Short Float %9.61%
Short Ratio7.48
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)9.39%
EPS NQ rev (3m)11.1%
EPS NY rev (1m)8.4%
EPS NY rev (3m)6.59%
Revenue NQ rev (1m)-2.38%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)-0.81%
Revenue NY rev (3m)3.48%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 8.5
P/FCF N/A
P/OCF N/A
P/B 1.43
P/tB 1.43
EV/EBITDA N/A
EPS(TTM)-0.3
EYN/A
EPS(NY)-0.22
Fwd EYN/A
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)-0.19
OCFYN/A
SpS0.33
BVpS1.96
TBVpS1.96
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 1.77
F-Score5
WACC7.82%
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 Y26.63%
EPS Next 2Y19.19%
EPS Next 3Y14.28%
EPS Next 5Y17.84%
Revenue 1Y (TTM)42.5%
Revenue growth 3Y6.67%
Revenue growth 5Y-0.89%
Sales Q2Q%37.03%
Revenue Next Year13.75%
Revenue Next 2Y16.33%
Revenue Next 3Y15.77%
Revenue Next 5Y21.9%
EBIT growth 1Y50.85%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.37%
EBIT Next 3Y18.84%
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 Fundamental Analysis FAQ

What is the fundamental rating for BLDP stock?

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


What is the valuation status for BLDP stock?

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


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

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


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

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