BLACKBAUD INC (BLKB) Fundamental Analysis & Valuation

NASDAQ:BLKB • US09227Q1004

Current stock price

44.03 USD
-0.63 (-1.41%)
At close:
44.03 USD
0 (0%)
After Hours:

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

7

1. BLKB Profitability Analysis

1.1 Basic Checks

  • In the past year BLKB was profitable.
  • BLKB had a positive operating cash flow in the past year.
  • In multiple years BLKB reported negative net income over the last 5 years.
  • In the past 5 years BLKB always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M -200M

1.2 Ratios

  • With a decent Return On Assets value of 4.81%, BLKB is doing good in the industry, outperforming 72.92% of the companies in the same industry.
  • With an excellent Return On Equity value of 135.24%, BLKB belongs to the best of the industry, outperforming 98.56% of the companies in the same industry.
  • The Return On Invested Capital of BLKB (13.78%) is better than 90.97% of its industry peers.
  • BLKB had an Average Return On Invested Capital over the past 3 years of 8.59%. This is below the industry average of 10.89%.
  • The last Return On Invested Capital (13.78%) for BLKB is above the 3 year average (8.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROIC 13.78%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
ROIC(5y)N/A
BLKB Yearly ROA, ROE, ROICBLKB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200

1.3 Margins

  • The Profit Margin of BLKB (10.19%) is better than 73.29% of its industry peers.
  • BLKB's Profit Margin has improved in the last couple of years.
  • BLKB has a Operating Margin of 16.91%. This is amongst the best in the industry. BLKB outperforms 84.84% of its industry peers.
  • BLKB's Operating Margin has improved in the last couple of years.
  • BLKB has a Gross Margin of 58.79%. This is in the lower half of the industry: BLKB underperforms 63.54% of its industry peers.
  • In the last couple of years the Gross Margin of BLKB has grown nicely.
Industry RankSector Rank
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

2

2. BLKB Health Analysis

2.1 Basic Checks

  • BLKB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, BLKB has less shares outstanding
  • The number of shares outstanding for BLKB has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BLKB has a worse debt to assets ratio.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
BLKB Yearly Total Debt VS Total AssetsBLKB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.15, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
  • BLKB has a Altman-Z score (1.15) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of BLKB is 5.45, which is a neutral value as it means it would take BLKB, 5.45 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of BLKB (5.45) is comparable to the rest of the industry.
  • BLKB has a Debt/Equity ratio of 12.78. This is a high value indicating a heavy dependency on external financing.
  • BLKB has a Debt to Equity ratio of 12.78. This is amonst the worse of the industry: BLKB underperforms 87.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.45
Altman-Z 1.15
ROIC/WACC1.25
WACC11.03%
BLKB Yearly LT Debt VS Equity VS FCFBLKB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • BLKB has a Current Ratio of 0.79. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BLKB has a worse Current ratio (0.79) than 85.56% of its industry peers.
  • A Quick Ratio of 0.79 indicates that BLKB may have some problems paying its short term obligations.
  • The Quick ratio of BLKB (0.79) is worse than 84.84% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.79
BLKB Yearly Current Assets VS Current LiabilitesBLKB 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

5

3. BLKB Growth Analysis

3.1 Past

  • BLKB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.31%, which is quite good.
  • Measured over the past years, BLKB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.69% on average per year.
  • BLKB shows a decrease in Revenue. In the last year, the revenue decreased by -2.34%.
  • BLKB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.32% yearly.
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%

3.2 Future

  • Based on estimates for the next years, BLKB will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.36% on average per year.
  • The Revenue is expected to grow by 3.94% on average over the next years.
EPS Next Y18.79%
EPS Next 2Y15.75%
EPS Next 3Y11.37%
EPS Next 5Y12.36%
Revenue Next Year5.13%
Revenue Next 2Y4.3%
Revenue Next 3Y1.51%
Revenue Next 5Y3.94%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
BLKB Yearly Revenue VS EstimatesBLKB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8 10

8

4. BLKB Valuation Analysis

4.1 Price/Earnings Ratio

  • BLKB is valuated reasonably with a Price/Earnings ratio of 9.87.
  • 88.81% of the companies in the same industry are more expensive than BLKB, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.70, BLKB is valued rather cheaply.
  • The Price/Forward Earnings ratio is 8.31, which indicates a very decent valuation of BLKB.
  • Based on the Price/Forward Earnings ratio, BLKB is valued cheaply inside the industry as 88.09% of the companies are valued more expensively.
  • BLKB is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.87
Fwd PE 8.31
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

  • 85.92% of the companies in the same industry are more expensive than BLKB, based on the Enterprise Value to EBITDA ratio.
  • BLKB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BLKB is cheaper than 90.25% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.94
EV/EBITDA 11.23
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BLKB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.53
PEG (5Y)1.14
EPS Next 2Y15.75%
EPS Next 3Y11.37%

0

5. BLKB Dividend Analysis

5.1 Amount

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

BLKB Fundamentals: All Metrics, Ratios and Statistics

BLACKBAUD INC

NASDAQ:BLKB (3/13/2026, 8:11:53 PM)

After market: 44.03 0 (0%)

44.03

-0.63 (-1.41%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners78.55%
Inst Owner Change4.82%
Ins Owners2.47%
Ins Owner Change8.44%
Market Cap2.02B
Revenue(TTM)1.13B
Net Income(TTM)115.03M
Analysts76
Price Target57.38 (30.32%)
Short Float %5.03%
Short Ratio4.12
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1.79%
Min EPS beat(2)0.79%
Max EPS beat(2)2.79%
EPS beat(4)4
Avg EPS beat(4)5.2%
Min EPS beat(4)0.79%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)1.96%
EPS beat(12)10
Avg EPS beat(12)3.34%
EPS beat(16)13
Avg EPS beat(16)3.56%
Revenue beat(2)0
Avg Revenue beat(2)-1.15%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-0.97%
Revenue beat(4)0
Avg Revenue beat(4)-0.89%
Min Revenue beat(4)-1.33%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.01%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)0
Avg Revenue beat(16)-2.1%
PT rev (1m)-26.23%
PT rev (3m)-23.99%
EPS NQ rev (1m)1.82%
EPS NQ rev (3m)-5.62%
EPS NY rev (1m)6.65%
EPS NY rev (3m)5.53%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.83%
Revenue NY rev (3m)1%
Valuation
Industry RankSector Rank
PE 9.87
Fwd PE 8.31
P/S 1.79
P/FCF 9.94
P/OCF 7.62
P/B 23.78
P/tB N/A
EV/EBITDA 11.23
EPS(TTM)4.46
EY10.13%
EPS(NY)5.3
Fwd EY12.03%
FCF(TTM)4.43
FCFY10.07%
OCF(TTM)5.78
OCFY13.13%
SpS24.57
BVpS1.85
TBVpS-23.48
PEG (NY)0.53
PEG (5Y)1.14
Graham Number13.63
Profitability
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROCE 15.79%
ROIC 13.78%
ROICexc 14.29%
ROICexgc 13202.6%
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
FCFM 18.04%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
ROIC(5y)N/A
ROICexc(3y)8.98%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.85%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y212.3%
ROICexc growth 3YN/A
ROICexc growth 5Y31.52%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
F-Score8
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.45
Debt/EBITDA 3.92
Cap/Depr 71.92%
Cap/Sales 5.49%
Interest Coverage 2.91
Cash Conversion 95.85%
Profit Quality 176.95%
Current Ratio 0.79
Quick Ratio 0.79
Altman-Z 1.15
F-Score8
WACC11.03%
ROIC/WACC1.25
Cap/Depr(3y)61.91%
Cap/Depr(5y)63.7%
Cap/Sales(3y)5.71%
Cap/Sales(5y)5.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
EPS Next Y18.79%
EPS Next 2Y15.75%
EPS Next 3Y11.37%
EPS Next 5Y12.36%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%
Revenue Next Year5.13%
Revenue Next 2Y4.3%
Revenue Next 3Y1.51%
Revenue Next 5Y3.94%
EBIT growth 1Y41.51%
EBIT growth 3YN/A
EBIT growth 5Y35.74%
EBIT Next Year26.7%
EBIT Next 3Y-3.59%
EBIT Next 5YN/A
FCF growth 1Y-11.02%
FCF growth 3Y15.3%
FCF growth 5Y21.71%
OCF growth 1Y-10.28%
OCF growth 3Y9.21%
OCF growth 5Y12.4%

BLACKBAUD INC / BLKB Fundamental Analysis FAQ

What is the fundamental rating for BLKB stock?

ChartMill assigns a fundamental rating of 5 / 10 to BLKB.


Can you provide the valuation status for BLACKBAUD INC?

ChartMill assigns a valuation rating of 8 / 10 to BLACKBAUD INC (BLKB). This can be considered as Undervalued.


What is the profitability of BLKB stock?

BLACKBAUD INC (BLKB) has a profitability rating of 7 / 10.


What is the valuation of BLACKBAUD INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BLACKBAUD INC (BLKB) is 9.87 and the Price/Book (PB) ratio is 23.78.


What is the expected EPS growth for BLACKBAUD INC (BLKB) stock?

The Earnings per Share (EPS) of BLACKBAUD INC (BLKB) is expected to grow by 18.79% in the next year.