BLACKBAUD INC (BLKB) Stock Fundamental Analysis
USA - NASDAQ:BLKB - US09227Q1004 - Common Stock
66.51 USD
-1.8 (-2.64%)
66.51 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to BLKB. BLKB was compared to 281 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.
1. Profitability
1.1 Basic Checks
BLKB had positive earnings in the past year.
In the past year BLKB had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BLKB reported negative net income in multiple years.
BLKB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -10.63%, BLKB is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
BLKB's Return On Equity of -317.65% is on the low side compared to the rest of the industry. BLKB is outperformed by 83.21% of its industry peers.
The Return On Invested Capital of BLKB (10.06%) is better than 85.71% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
With a decent Operating Margin value of 13.95%, BLKB is doing good in the industry, outperforming 79.64% of the companies in the same industry.
In the last couple of years the Operating Margin of BLKB has grown nicely.
BLKB has a worse Gross Margin (56.72%) than 64.64% 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 | 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%
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 less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BLKB has more shares outstanding
BLKB has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.28, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BLKB (1.28) is worse than 63.21% of its industry peers.
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.
The Debt to FCF ratio of BLKB (6.29) is comparable to the rest of the industry.
A Debt/Equity ratio of 12.92 is on the high side and indicates that BLKB has dependencies on debt financing.
With a Debt to Equity ratio value of 12.92, BLKB is not doing good in the industry: 85.36% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 12.92 | ||
| Debt/FCF | 6.29 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.93
WACC10.86%
2.3 Liquidity
A Current Ratio of 0.84 indicates that BLKB may have some problems paying its short term obligations.
BLKB has a Current ratio of 0.84. This is in the lower half of the industry: BLKB underperforms 79.64% of its industry peers.
A Quick Ratio of 0.84 indicates that BLKB may have some problems paying its short term obligations.
The Quick ratio of BLKB (0.84) is worse than 79.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.84 |
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%.
Measured over the past years, BLKB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.74% on average per year.
Looking at the last year, BLKB shows a small growth in Revenue. The Revenue has grown by 0.16% in the last year.
The Revenue has been growing slightly by 5.12% on average over the past years.
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.
BLKB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.05% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.69, which indicates a correct valuation of BLKB.
Based on the Price/Earnings ratio, BLKB is valued cheaply inside the industry as 83.93% of the companies are valued more expensively.
BLKB's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
BLKB is valuated correctly with a Price/Forward Earnings ratio of 13.81.
87.14% of the companies in the same industry are more expensive than BLKB, based on the Price/Forward Earnings ratio.
BLKB is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.69 | ||
| Fwd PE | 13.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaper than 84.29% of the companies in the same industry.
84.64% of the companies in the same industry are more expensive than BLKB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.53 | ||
| EV/EBITDA | 16.77 |
4.3 Compensation for Growth
BLKB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.61
PEG (5Y)1.23
EPS Next 2Y8.63%
EPS Next 3Y7.18%
5. Dividend
5.1 Amount
BLKB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
66.51
-1.8 (-2.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners76.34%
Inst Owner Change-1.26%
Ins Owners2.02%
Ins Owner Change0.02%
Market Cap3.23B
Analysts50
Price Target78.34 (17.79%)
Short Float %3.1%
Short Ratio3.82
Dividend
| Industry Rank | Sector 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)0%
PT rev (3m)8.78%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.52%
EPS NY rev (1m)3.95%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.53%
Revenue NY rev (1m)0.61%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.69 | ||
| Fwd PE | 13.81 | ||
| P/S | 2.83 | ||
| P/FCF | 17.53 | ||
| P/OCF | 13.12 | ||
| P/B | 36.68 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.77 |
EPS(TTM)4.24
EY6.37%
EPS(NY)4.81
Fwd EY7.24%
FCF(TTM)3.79
FCFY5.71%
OCF(TTM)5.07
OCFY7.62%
SpS23.52
BVpS1.81
TBVpS-22.49
PEG (NY)1.61
PEG (5Y)1.23
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.28 |
F-Score6
WACC10.86%
ROIC/WACC0.93
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%