BLACKBAUD INC (BLKB)
US09227Q1004 - Common Stock
We assign a fundamental rating of 4 out of 10 to BLKB. BLKB was compared to 276 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 not valued too expensively and it also shows a decent growth rate.
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.
Of the past 5 years BLKB 4 years were profitable.
Each year in the past 5 years BLKB had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BLKB (0.06%) is better than 70.07% of its industry peers.
With a decent Return On Equity value of 0.22%, BLKB is doing good in the industry, outperforming 71.90% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.32%, BLKB is in the better half of the industry, outperforming 74.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.06% | ||
| ROE | 0.22% | ||
| ROIC | 2.32% |
ROA(3y)-0.42%
ROA(5y)-0.06%
ROE(3y)-1.69%
ROE(5y)-0.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 0.16%, BLKB is doing good in the industry, outperforming 70.07% of the companies in the same industry.
In the last couple of years the Profit Margin of BLKB has declined.
BLKB has a Operating Margin of 4.55%. This is in the better half of the industry: BLKB outperforms 74.09% of its industry peers.
In the last couple of years the Operating Margin of BLKB has declined.
The Gross Margin of BLKB (54.57%) is worse than 63.50% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.55% | ||
| PM (TTM) | 0.16% | ||
| GM | 54.57% |
OM growth 3Y0.85%
OM growth 5Y-9.22%
PM growth 3Y-41.99%
PM growth 5Y-50.02%
GM growth 3Y0.89%
GM growth 5Y-0.16%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BLKB is destroying value.
BLKB has more shares outstanding than it did 1 year ago.
BLKB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for BLKB has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.61, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
BLKB's Altman-Z score of 1.61 is in line compared to the rest of the industry. BLKB outperforms 45.62% of its industry peers.
The Debt to FCF ratio of BLKB is 5.75, which is a neutral value as it means it would take BLKB, 5.75 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.75, BLKB is in line with its industry, outperforming 59.85% of the companies in the same industry.
BLKB has a Debt/Equity ratio of 0.94. This is a neutral value indicating BLKB is somewhat dependend on debt financing.
BLKB's Debt to Equity ratio of 0.94 is on the low side compared to the rest of the industry. BLKB is outperformed by 71.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 5.75 | ||
| Altman-Z | 1.61 |
ROIC/WACC0.24
WACC9.58%
2.3 Liquidity
A Current Ratio of 0.78 indicates that BLKB may have some problems paying its short term obligations.
BLKB has a Current ratio of 0.78. This is amonst the worse of the industry: BLKB underperforms 87.23% of its industry peers.
BLKB has a Quick Ratio of 0.78. 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 0.78, BLKB is doing worse than 86.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 47.21% over the past year.
BLKB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.86% yearly.
BLKB shows a small growth in Revenue. In the last year, the Revenue has grown by 4.47%.
The Revenue has been growing slightly by 5.43% on average over the past years.
EPS 1Y (TTM)47.21%
EPS 3Y10.44%
EPS 5Y8.86%
EPS growth Q2Q67.65%
Revenue 1Y (TTM)4.47%
Revenue growth 3Y6.58%
Revenue growth 5Y5.43%
Revenue growth Q2Q7.35%
3.2 Future
Based on estimates for the next years, BLKB will show a small growth in Earnings Per Share. The EPS will grow by 7.52% on average per year.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 5.61% on average per year.
EPS Next Y10.57%
EPS Next 2Y11.65%
EPS Next 3Y8.14%
EPS Next 5Y7.52%
Revenue Next Year6.9%
Revenue Next 2Y7.21%
Revenue Next 3Y6.62%
Revenue Next 5Y5.61%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.92, the valuation of BLKB can be described as rather expensive.
BLKB's Price/Earnings ratio is rather cheap when compared to the industry. BLKB is cheaper than 85.77% of the companies in the same industry.
BLKB is valuated rather cheaply when we compare the Price/Earnings ratio to 25.02, which is the current average of the S&P500 Index.
BLKB is valuated rather expensively with a Price/Forward Earnings ratio of 18.02.
Based on the Price/Forward Earnings ratio, BLKB is valued cheaper than 86.13% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of BLKB to the average of the S&P500 Index (21.32), we can say BLKB is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.92 | ||
| Fwd PE | 18.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLKB indicates a somewhat cheap valuation: BLKB is cheaper than 77.74% of the companies listed in the same industry.
BLKB's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BLKB is cheaper than 74.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.14 | ||
| EV/EBITDA | 30.77 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)1.88
PEG (5Y)2.25
EPS Next 2Y11.65%
EPS Next 3Y8.14%
5. Dividend
5.1 Amount
BLKB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
BLACKBAUD INC
NASDAQ:BLKB (4/29/2024, 3:30:01 PM)
After market: 78.9 0 (0%)78.9
+0.95 (+1.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.92 | ||
| Fwd PE | 18.02 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.88
PEG (5Y)2.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.06% | ||
| ROE | 0.22% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.55% | ||
| PM (TTM) | 0.16% | ||
| GM | 54.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)47.21%
EPS 3Y10.44%
EPS 5Y
EPS growth Q2Q
EPS Next Y10.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.47%
Revenue growth 3Y6.58%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y