BLACKBAUD INC (BLKB) Stock Fundamental Analysis
NASDAQ:BLKB - Nasdaq - US09227Q1004 - Common Stock - Currency: USD
BLKB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 504 industry peers in the Software industry. While BLKB is still in line with the averages on profitability rating, there are concerns on its financial health. BLKB has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
BLKB had positive earnings in the past year.
BLKB had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BLKB reported negative net income in multiple years.
Each year in the past 5 years BLKB had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -13.49%, BLKB is not doing good in the industry: 64.08% of the companies in the same industry are doing better.
BLKB has a Return On Equity of -854.71%. This is amonst the worse of the industry: BLKB underperforms 84.15% of its industry peers.
The Return On Invested Capital of BLKB (9.22%) is better than 85.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.49% | ||
| ROE | -854.71% | ||
| ROIC | 9.22% |
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 12.60%, BLKB is doing good in the industry, outperforming 79.58% of the companies in the same industry.
BLKB's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 55.98%, BLKB is not doing good in the industry: 63.38% of the companies in the same industry are doing better.
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 | 12.6% | ||
| PM (TTM) | N/A | ||
| GM | 55.98% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BLKB 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.
Compared to 1 year ago, BLKB has a worse debt to assets ratio.
2.2 Solvency
BLKB has an Altman-Z score of 1.48. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
BLKB's Altman-Z score of 1.48 is in line compared to the rest of the industry. BLKB outperforms 43.31% of its industry peers.
BLKB has a debt to FCF ratio of 7.30. This is a slightly negative value and a sign of low solvency as BLKB would need 7.30 years to pay back of all of its debts.
BLKB has a Debt to FCF ratio of 7.30. This is comparable to the rest of the industry: BLKB outperforms 53.87% of its industry peers.
BLKB has a Debt/Equity ratio of 35.64. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of BLKB (35.64) is worse than 84.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.64 | ||
| Debt/FCF | 7.3 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.84
WACC10.96%
2.3 Liquidity
A Current Ratio of 0.73 indicates that BLKB may have some problems paying its short term obligations.
With a Current ratio value of 0.73, BLKB is not doing good in the industry: 84.86% of the companies in the same industry are doing better.
A Quick Ratio of 0.73 indicates that BLKB may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.73, BLKB is doing worse than 84.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
The earnings per share for BLKB have decreased by -1.44% in the last year.
BLKB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.74% yearly.
The Revenue has been growing slightly by 2.14% in the past year.
The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)-1.44%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%3.23%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-3.08%
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 8.34% on average per year.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 2.94% on average per year.
EPS Next Y5.58%
EPS Next 2Y6.83%
EPS Next 3Y3.46%
EPS Next 5Y8.34%
Revenue Next Year-3.31%
Revenue Next 2Y0.3%
Revenue Next 3Y1.83%
Revenue Next 5Y2.94%
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
A Price/Earnings ratio of 15.53 indicates a correct valuation of BLKB.
86.27% of the companies in the same industry are more expensive than BLKB, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.52. BLKB is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 13.71 indicates a correct valuation of BLKB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 86.27% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BLKB to the average of the S&P500 Index (22.25), we can say BLKB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.53 | ||
| Fwd PE | 13.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaply inside the industry as 84.51% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, BLKB is valued cheaply inside the industry as 84.15% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.74 | ||
| EV/EBITDA | 16.54 |
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)2.78
PEG (5Y)1.22
EPS Next 2Y6.83%
EPS Next 3Y3.46%
5. Dividend
5.1 Amount
BLKB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
63.82
+0.37 (+0.58%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners74.86%
Inst Owner Change0.93%
Ins Owners1.61%
Ins Owner Change9.23%
Market Cap3.10B
Analysts50
Price Target72.01 (12.83%)
Short Float %2.85%
Short Ratio3.32
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)1
Avg EPS beat(2)2.26%
Min EPS beat(2)-0.35%
Max EPS beat(2)4.87%
EPS beat(4)2
Avg EPS beat(4)-0.61%
Min EPS beat(4)-8.95%
Max EPS beat(4)4.87%
EPS beat(8)6
Avg EPS beat(8)2.89%
EPS beat(12)10
Avg EPS beat(12)4.72%
EPS beat(16)13
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-2.45%
Max Revenue beat(2)-1.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.62%
Min Revenue beat(4)-4.32%
Max Revenue beat(4)-1.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.63%
Revenue beat(12)0
Avg Revenue beat(12)-2.55%
Revenue beat(16)2
Avg Revenue beat(16)-1.71%
PT rev (1m)0%
PT rev (3m)-10.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.75%
EPS NY rev (1m)1.16%
EPS NY rev (3m)-0.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.53 | ||
| Fwd PE | 13.71 | ||
| P/S | 2.7 | ||
| P/FCF | 18.74 | ||
| P/OCF | 13.3 | ||
| P/B | 93.34 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.54 |
EPS(TTM)4.11
EY6.44%
EPS(NY)4.66
Fwd EY7.3%
FCF(TTM)3.4
FCFY5.34%
OCF(TTM)4.8
OCFY7.52%
SpS23.64
BVpS0.68
TBVpS-23.65
PEG (NY)2.78
PEG (5Y)1.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -13.49% | ||
| ROE | -854.71% | ||
| ROCE | 11.67% | ||
| ROIC | 9.22% | ||
| ROICexc | 9.51% | ||
| ROICexgc | 558.47% | ||
| OM | 12.6% | ||
| PM (TTM) | N/A | ||
| GM | 55.98% | ||
| FCFM | 14.4% |
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 Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.64 | ||
| Debt/FCF | 7.3 | ||
| Debt/EBITDA | 4.59 | ||
| Cap/Depr | 59.64% | ||
| Cap/Sales | 5.89% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.28% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | 1.48 |
F-Score6
WACC10.96%
ROIC/WACC0.84
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)-1.44%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%3.23%
EPS Next Y5.58%
EPS Next 2Y6.83%
EPS Next 3Y3.46%
EPS Next 5Y8.34%
Revenue 1Y (TTM)2.14%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-3.08%
Revenue Next Year-3.31%
Revenue Next 2Y0.3%
Revenue Next 3Y1.83%
Revenue Next 5Y2.94%
EBIT growth 1Y103.81%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year23.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.44%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y15.67%
OCF growth 3Y11.47%
OCF growth 5Y10.15%