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BLACKBAUD INC (BLKB) Stock Fundamental Analysis

NASDAQ:BLKB - US09227Q1004 - Common Stock

66.16 USD
-0.39 (-0.59%)
Last: 8/28/2025, 8:00:02 PM
66.16 USD
0 (0%)
After Hours: 8/28/2025, 8:00:02 PM
Fundamental Rating

3

Taking everything into account, BLKB scores 3 out of 10 in our fundamental rating. BLKB was compared to 282 industry peers in the Software industry. There are concerns on the financial health of BLKB while its profitability can be described as average. BLKB is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year BLKB was profitable.
In the past year BLKB had a positive cash flow from operations.
In multiple years BLKB reported negative net income over the last 5 years.
Each year in the past 5 years BLKB had a positive operating cash flow.
BLKB Yearly Net Income VS EBIT VS OCF VS FCFBLKB 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 0 100M -100M 200M -200M

1.2 Ratios

BLKB has a Return On Assets of -10.63%. This is in the lower half of the industry: BLKB underperforms 62.06% of its industry peers.
The Return On Equity of BLKB (-317.65%) is worse than 82.98% of its industry peers.
BLKB has a Return On Invested Capital of 10.06%. This is amongst the best in the industry. BLKB outperforms 85.82% of its industry peers.
Industry RankSector Rank
ROA -10.63%
ROE -317.65%
ROIC 10.06%
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
ROIC(3y)N/A
ROIC(5y)N/A
BLKB Yearly ROA, ROE, ROICBLKB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

BLKB has a Operating Margin of 13.95%. This is in the better half of the industry: BLKB outperforms 79.79% of its industry peers.
In the last couple of years the Operating Margin of BLKB has grown nicely.
BLKB's Gross Margin of 56.72% is on the low side compared to the rest of the industry. BLKB is outperformed by 64.18% of its industry peers.
In the last couple of years the Gross Margin of BLKB has remained more or less at the same level.
Industry RankSector Rank
OM 13.95%
PM (TTM) N/A
GM 56.72%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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1

2. Health

2.1 Basic Checks

BLKB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
BLKB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BLKB has been increased compared to 5 years ago.
BLKB has a worse debt/assets ratio than last year.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
BLKB Yearly Total Debt VS Total AssetsBLKB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

BLKB has an Altman-Z score of 1.26. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.26, BLKB is not doing good in the industry: 61.70% of the companies in the same industry are doing better.
BLKB has a debt to FCF ratio of 6.29. This is a slightly negative value and a sign of low solvency as BLKB would need 6.29 years to pay back of all of its debts.
BLKB has a Debt to FCF ratio of 6.29. This is comparable to the rest of the industry: BLKB outperforms 55.32% of its industry peers.
BLKB has a Debt/Equity ratio of 12.92. This is a high value indicating a heavy dependency on external financing.
BLKB's Debt to Equity ratio of 12.92 is on the low side compared to the rest of the industry. BLKB is outperformed by 85.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.92
Debt/FCF 6.29
Altman-Z 1.26
ROIC/WACC0.92
WACC10.95%
BLKB Yearly LT Debt VS Equity VS FCFBLKB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

BLKB has a Current Ratio of 0.84. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.84, BLKB is doing worse than 79.43% of the companies in the same industry.
BLKB has a Quick Ratio of 0.84. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.84, BLKB is doing worse than 79.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.84
BLKB Yearly Current Assets VS Current LiabilitesBLKB 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

3. Growth

3.1 Past

BLKB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.70%.
The Earnings Per Share has been growing by 12.74% on average over the past years. This is quite good.
BLKB shows a small growth in Revenue. In the last year, the Revenue has grown by 0.16%.
BLKB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.12% yearly.
EPS 1Y (TTM)-0.7%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%12.04%
Revenue 1Y (TTM)0.16%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-2.06%

3.2 Future

BLKB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.56% yearly.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 3.05% on average per year.
EPS Next Y9.75%
EPS Next 2Y8.63%
EPS Next 3Y7.18%
EPS Next 5Y8.56%
Revenue Next Year-2.71%
Revenue Next 2Y0.68%
Revenue Next 3Y1.83%
Revenue Next 5Y3.05%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BLKB Yearly Revenue VS EstimatesBLKB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6 8

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 15.60, which indicates a correct valuation of BLKB.
Based on the Price/Earnings ratio, BLKB is valued cheaper than 83.33% of the companies in the same industry.
BLKB is valuated rather cheaply when we compare the Price/Earnings ratio to 27.17, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.74, the valuation of BLKB can be described as correct.
Based on the Price/Forward Earnings ratio, BLKB is valued cheaply inside the industry as 86.88% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of BLKB to the average of the S&P500 Index (22.78), we can say BLKB is valued slightly cheaper.
Industry RankSector Rank
PE 15.6
Fwd PE 13.74
BLKB Price Earnings VS Forward Price EarningsBLKB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 84.40% of the companies listed in the same industry.
BLKB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BLKB is cheaper than 85.11% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.44
EV/EBITDA 16.37
BLKB Per share dataBLKB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.6
PEG (5Y)1.22
EPS Next 2Y8.63%
EPS Next 3Y7.18%

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0

5. Dividend

5.1 Amount

No dividends for BLKB!.
Industry RankSector Rank
Dividend Yield N/A

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BLACKBAUD INC

NASDAQ:BLKB (8/28/2025, 8:00:02 PM)

After market: 66.16 0 (0%)

66.16

-0.39 (-0.59%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)07-30 2025-07-30/bmo
Earnings (Next)10-28 2025-10-28/amc
Inst Owners76.34%
Inst Owner Change-1.26%
Ins Owners2.02%
Ins Owner Change-2.92%
Market Cap3.21B
Analysts50
Price Target78.34 (18.41%)
Short Float %2.32%
Short Ratio2.67
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.6%
Min EPS beat(2)4.87%
Max EPS beat(2)12.34%
EPS beat(4)2
Avg EPS beat(4)1.98%
Min EPS beat(4)-8.95%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)4.02%
EPS beat(12)10
Avg EPS beat(12)4.96%
EPS beat(16)13
Avg EPS beat(16)5.37%
Revenue beat(2)0
Avg Revenue beat(2)-0.64%
Min Revenue beat(2)-1.05%
Max Revenue beat(2)-0.22%
Revenue beat(4)0
Avg Revenue beat(4)-2.01%
Min Revenue beat(4)-4.32%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.3%
Revenue beat(12)0
Avg Revenue beat(12)-2.35%
Revenue beat(16)2
Avg Revenue beat(16)-1.71%
PT rev (1m)8.78%
PT rev (3m)8.78%
EPS NQ rev (1m)1.52%
EPS NQ rev (3m)-0.56%
EPS NY rev (1m)3.95%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)0.53%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)0.61%
Valuation
Industry RankSector Rank
PE 15.6
Fwd PE 13.74
P/S 2.81
P/FCF 17.44
P/OCF 13.05
P/B 36.49
P/tB N/A
EV/EBITDA 16.37
EPS(TTM)4.24
EY6.41%
EPS(NY)4.81
Fwd EY7.28%
FCF(TTM)3.79
FCFY5.74%
OCF(TTM)5.07
OCFY7.66%
SpS23.52
BVpS1.81
TBVpS-22.49
PEG (NY)1.6
PEG (5Y)1.22
Profitability
Industry RankSector Rank
ROA -10.63%
ROE -317.65%
ROCE 12.74%
ROIC 10.06%
ROICexc 10.45%
ROICexgc 521.53%
OM 13.95%
PM (TTM) N/A
GM 56.72%
FCFM 16.13%
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
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 3Y93.05%
ROICexc growth 5Y27.63%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
F-Score6
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 12.92
Debt/FCF 6.29
Debt/EBITDA 4.31
Cap/Depr 59.15%
Cap/Sales 5.42%
Interest Coverage 250
Cash Conversion 93.26%
Profit Quality N/A
Current Ratio 0.84
Quick Ratio 0.84
Altman-Z 1.26
F-Score6
WACC10.95%
ROIC/WACC0.92
Cap/Depr(3y)61.08%
Cap/Depr(5y)64.81%
Cap/Sales(3y)6.11%
Cap/Sales(5y)6.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-0.7%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%12.04%
EPS Next Y9.75%
EPS Next 2Y8.63%
EPS Next 3Y7.18%
EPS Next 5Y8.56%
Revenue 1Y (TTM)0.16%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-2.06%
Revenue Next Year-2.71%
Revenue Next 2Y0.68%
Revenue Next 3Y1.83%
Revenue Next 5Y3.05%
EBIT growth 1Y41.19%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year24.6%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y42.47%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y24.74%
OCF growth 3Y11.47%
OCF growth 5Y10.15%