Logo image of BLDP

BALLARD POWER SYSTEMS INC (BLDP) Stock Fundamental Analysis

USA - NASDAQ:BLDP - CA0585861085 - Common Stock

3.545 USD
+0.17 (+5.19%)
Last: 11/5/2025, 10:40:09 AM
Fundamental Rating

2

Taking everything into account, BLDP scores 2 out of 10 in our fundamental rating. BLDP was compared to 92 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

Quickly go to:

0

1. Profitability

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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100M -200M -300M

1.2 Ratios

The Return On Assets of BLDP (-40.33%) is worse than 68.48% of its industry peers.
BLDP has a Return On Equity of -46.67%. This is comparable to the rest of the industry: BLDP outperforms 51.09% of its industry peers.
Industry RankSector Rank
ROA -40.33%
ROE -46.67%
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 Yearly ROA, ROE, ROICBLDP 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 Yearly Profit, Operating, Gross MarginsBLDP 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.
Compared to 1 year ago, BLDP has about the same amount of shares outstanding.
Compared to 5 years ago, BLDP has more shares outstanding
The debt/assets ratio for BLDP is higher compared to a year ago.
BLDP Yearly Shares OutstandingBLDP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
BLDP Yearly Total Debt VS Total AssetsBLDP 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 2.49. This is not the best score and indicates that BLDP is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of BLDP (2.49) is better than 64.13% of its industry peers.
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 78.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z 2.49
ROIC/WACCN/A
WACC7.79%
BLDP Yearly LT Debt VS Equity VS FCFBLDP 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

BLDP has a Current Ratio of 9.31. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
BLDP has a Current ratio of 9.31. This is amongst the best in the industry. BLDP outperforms 94.57% of its industry peers.
A Quick Ratio of 8.32 indicates that BLDP has no problem at all paying its short term obligations.
BLDP has a better Quick ratio (8.32) than 94.57% of its industry peers.
Industry RankSector Rank
Current Ratio 9.31
Quick Ratio 8.32
BLDP Yearly Current Assets VS Current LiabilitesBLDP 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 -55.56%.
The Revenue for BLDP has decreased by -30.40% in the past year. This is quite bad
The Revenue has been decreasing by -7.98% on average over the past years.
EPS 1Y (TTM)-55.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
Revenue 1Y (TTM)-30.4%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%11.23%

3.2 Future

Based on estimates for the next years, BLDP will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.87% on average per year.
Based on estimates for the next years, BLDP will show a very strong growth in Revenue. The Revenue will grow by 23.87% on average per year.
EPS Next Y66.45%
EPS Next 2Y32.18%
EPS Next 3Y21.67%
EPS Next 5Y14.87%
Revenue Next Year14.62%
Revenue Next 2Y17.68%
Revenue Next 3Y18.02%
Revenue Next 5Y23.87%

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 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M
BLDP Yearly EPS VS EstimatesBLDP 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

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 10 -10 20 30

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 1 2

4.3 Compensation for Growth

BLDP's earnings are expected to grow with 21.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y32.18%
EPS Next 3Y21.67%

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

NASDAQ:BLDP (11/5/2025, 10:40:09 AM)

3.545

+0.17 (+5.19%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-11 2025-08-11/bmo
Earnings (Next)11-13 2025-11-13/bmo
Inst Owners31.45%
Inst Owner Change0.16%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap1.07B
Revenue(TTM)72.51M
Net Income(TTM)-296805000
Analysts42.22
Price TargetN/A
Short Float %5.56%
Short Ratio1.95
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)2
Avg EPS beat(2)26.32%
Min EPS beat(2)18.62%
Max EPS beat(2)34.01%
EPS beat(4)2
Avg EPS beat(4)-93.57%
Min EPS beat(4)-412.82%
Max EPS beat(4)34.01%
EPS beat(8)4
Avg EPS beat(8)-54.84%
EPS beat(12)6
Avg EPS beat(12)-33.86%
EPS beat(16)6
Avg EPS beat(16)-38.39%
Revenue beat(2)0
Avg Revenue beat(2)-5.31%
Min Revenue beat(2)-9.52%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-17.54%
Min Revenue beat(4)-38.59%
Max Revenue beat(4)-1.11%
Revenue beat(8)2
Avg Revenue beat(8)-8.08%
Revenue beat(12)2
Avg Revenue beat(12)-11.96%
Revenue beat(16)3
Avg Revenue beat(16)-10.83%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)2.26%
EPS NQ rev (3m)-8.43%
EPS NY rev (1m)0%
EPS NY rev (3m)10.44%
Revenue NQ rev (1m)0.11%
Revenue NQ rev (3m)-8.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.11%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 14.7
P/FCF N/A
P/OCF N/A
P/B 1.68
P/tB 1.68
EV/EBITDA N/A
EPS(TTM)-0.98
EYN/A
EPS(NY)-0.27
Fwd EYN/A
FCF(TTM)-0.4
FCFYN/A
OCF(TTM)-0.33
OCFYN/A
SpS0.24
BVpS2.12
TBVpS2.11
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -40.33%
ROE -46.67%
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-Score1
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 342.58%
Cap/Sales 31.1%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 9.31
Quick Ratio 8.32
Altman-Z 2.49
F-Score1
WACC7.79%
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)-55.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%27.27%
EPS Next Y66.45%
EPS Next 2Y32.18%
EPS Next 3Y21.67%
EPS Next 5Y14.87%
Revenue 1Y (TTM)-30.4%
Revenue growth 3Y-12.62%
Revenue growth 5Y-7.98%
Sales Q2Q%11.23%
Revenue Next Year14.62%
Revenue Next 2Y17.68%
Revenue Next 3Y18.02%
Revenue Next 5Y23.87%
EBIT growth 1Y12.46%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year39.15%
EBIT Next 3Y18.12%
EBIT Next 5Y12.75%
FCF growth 1Y26.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y15.55%
OCF growth 3YN/A
OCF growth 5YN/A

BALLARD POWER SYSTEMS INC / BLDP FAQ

What is the fundamental rating for BLDP stock?

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


What is the valuation status of BALLARD POWER SYSTEMS INC (BLDP) stock?

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


What is the profitability of BLDP stock?

BALLARD POWER SYSTEMS INC (BLDP) has a profitability rating of 0 / 10.


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

The Earnings per Share (EPS) of BALLARD POWER SYSTEMS INC (BLDP) is expected to grow by 66.45% in the next year.