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BALLARD POWER SYSTEMS INC (BLDP) Stock Fundamental Analysis

NASDAQ:BLDP - Nasdaq - CA0585861085 - Common Stock - Currency: USD

1.22  -0.01 (-0.81%)

After market: 1.23 +0.01 (+0.82%)

Fundamental Rating

2

Overall BLDP gets a fundamental rating of 2 out of 10. We evaluated BLDP against 98 industry peers in the Electrical Equipment industry. The financial health of BLDP is average, but there are quite some concerns on its profitability. While showing a medium growth rate, BLDP is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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

1.2 Ratios

Looking at the Return On Assets, with a value of -41.71%, BLDP is doing worse than 67.35% of the companies in the same industry.
BLDP's Return On Equity of -48.18% is in line compared to the rest of the industry. BLDP outperforms 51.02% 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 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

The Profit Margin and Operating Margin and Gross Margin are not available for BLDP so they could not be analyzed.
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

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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.
The number of shares outstanding for BLDP has been increased compared to 5 years ago.
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 -1.24. 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 -1.24. This is in the lower half of the industry: BLDP underperforms 61.22% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that BLDP is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.03, BLDP is doing good in the industry, outperforming 74.49% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF N/A
Altman-Z -1.24
ROIC/WACCN/A
WACC7.45%
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

A Current Ratio of 9.25 indicates that BLDP has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 9.25, BLDP belongs to the top of the industry, outperforming 94.90% of the companies in the same industry.
BLDP has a Quick Ratio of 8.50. This indicates that BLDP is financially healthy and has no problem in meeting its short term obligations.
BLDP has a better Quick ratio (8.50) than 94.90% of its industry peers.
Industry RankSector Rank
Current Ratio 9.25
Quick Ratio 8.5
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

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3. Growth

3.1 Past

The earnings per share for BLDP have decreased strongly by -83.05% in the last year.
Looking at the last year, BLDP shows a very negative growth in Revenue. The Revenue has decreased by -31.88% in the last year.
Measured over the past years, BLDP shows a decrease in Revenue. The Revenue has been decreasing by -7.98% on average per year.
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

The Earnings Per Share is expected to grow by 14.87% on average over the next years. This is quite good.
Based on estimates for the next years, BLDP will show a very strong growth in Revenue. The Revenue will grow by 34.73% on average per year.
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 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

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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 20

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 -1 2

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%

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0

5. Dividend

5.1 Amount

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

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BALLARD POWER SYSTEMS INC

NASDAQ:BLDP (4/30/2025, 8:00:01 PM)

After market: 1.23 +0.01 (+0.82%)

1.22

-0.01 (-0.81%)

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 Change0.11%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap365.32M
Analysts42.22
Price TargetN/A
Short Float %7.38%
Short Ratio2.09
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 5.24
P/FCF N/A
P/OCF N/A
P/B 0.54
P/tB 0.54
EV/EBITDA N/A
EPS(TTM)-1.08
EYN/A
EPS(NY)-0.4
Fwd EYN/A
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.36
OCFYN/A
SpS0.23
BVpS2.25
TBVpS2.24
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 -1.24
F-Score1
WACC7.45%
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