BLACKBAUD INC (BLKB) Stock Fundamental Analysis
NASDAQ:BLKB - Nasdaq - US09227Q1004 - Common Stock - Currency: USD
Overall BLKB gets a fundamental rating of 3 out of 10. We evaluated BLKB against 281 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 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.
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.
1.2 Ratios
With a Return On Assets value of -13.49%, BLKB is not doing good in the industry: 65.25% of the companies in the same industry are doing better.
BLKB's Return On Equity of -854.71% is on the low side compared to the rest of the industry. BLKB is outperformed by 85.46% of its industry peers.
BLKB's Return On Invested Capital of 9.22% is amongst the best of the industry. BLKB outperforms 85.82% 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
BLKB's Operating Margin of 12.60% is fine compared to the rest of the industry. BLKB outperforms 79.43% of its industry peers.
In the last couple of years the Operating Margin of BLKB has grown nicely.
BLKB has a Gross Margin of 55.98%. This is in the lower half of the industry: BLKB underperforms 63.83% 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 | 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
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.
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 1.50, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.50, BLKB perfoms like the industry average, outperforming 41.49% of the companies in the same industry.
The Debt to FCF ratio of BLKB is 7.30, which is on the high side as it means it would take BLKB, 7.30 years of fcf income to pay off all of its debts.
BLKB has a Debt to FCF ratio (7.30) which is comparable to the rest of the industry.
A Debt/Equity ratio of 35.64 is on the high side and indicates that BLKB has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 35.64, BLKB is doing worse than 86.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 35.64 | ||
| Debt/FCF | 7.3 | ||
| Altman-Z | 1.5 |
ROIC/WACC0.83
WACC11.13%
2.3 Liquidity
A Current Ratio of 0.73 indicates that BLKB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.73, BLKB is doing worse than 84.40% of the companies in the same industry.
A Quick Ratio of 0.73 indicates that BLKB may have some problems paying its short term obligations.
The Quick ratio of BLKB (0.73) is worse than 84.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.73 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
BLKB shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.44%.
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.
BLKB shows a small growth in Revenue. In the last year, the Revenue has grown by 2.14%.
BLKB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.12% yearly.
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
The Earnings Per Share is expected to grow by 8.34% on average over the next years. This is quite good.
BLKB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.94% yearly.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.91, which indicates a correct valuation of BLKB.
Based on the Price/Earnings ratio, BLKB is valued cheaply inside the industry as 86.52% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.05. BLKB is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 14.05, BLKB is valued correctly.
87.94% of the companies in the same industry are more expensive than BLKB, based on the Price/Forward Earnings ratio.
BLKB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.67.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.91 | ||
| Fwd PE | 14.05 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaply inside the industry as 85.46% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, BLKB is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.21 | ||
| EV/EBITDA | 16.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BLKB does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.85
PEG (5Y)1.25
EPS Next 2Y6.83%
EPS Next 3Y3.46%
5. Dividend
5.1 Amount
No dividends for BLKB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
65.4
+0.15 (+0.23%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners77.98%
Inst Owner Change-0.08%
Ins Owners2.02%
Ins Owner Change9.23%
Market Cap3.17B
Analysts50
Price Target72.01 (10.11%)
Short Float %2.74%
Short Ratio3.7
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)-6.64%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.38%
EPS NY rev (1m)0%
EPS NY rev (3m)1.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.91 | ||
| Fwd PE | 14.05 | ||
| P/S | 2.77 | ||
| P/FCF | 19.21 | ||
| P/OCF | 13.63 | ||
| P/B | 95.65 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.84 |
EPS(TTM)4.11
EY6.28%
EPS(NY)4.66
Fwd EY7.12%
FCF(TTM)3.4
FCFY5.21%
OCF(TTM)4.8
OCFY7.33%
SpS23.64
BVpS0.68
TBVpS-23.65
PEG (NY)2.85
PEG (5Y)1.25
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 | 1.5 |
F-Score6
WACC11.13%
ROIC/WACC0.83
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%