BALLARD POWER SYSTEMS INC. Financials Ballard Power Systems Inc.
Equities
BLDP
CA0585861085
Renewable Energy Equipment & Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.37 CAD | +6.59% |
|
+13.21% | -11.00% |
| May. 13 | UBS Adjusts Ballard Power Systems Price Target to $3.50 From $3.75, Maintains Neutral Rating | MT |
| May. 08 | Ballard Power Systems Target Lowered to US$3 at Truist Securities | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,667 | 6,591 | 3,741 | 1,426 | 1,106 | 958.5 | - | - |
| Enterprise Value (EV) 1 | 1,667 | 5,844 | 2,634 | 527.9 | 1,106 | 399.2 | 575 | 519.4 |
| P/E ratio | -42 x | -111 x | -32.2 x | -8.24 x | -6.28 x | -6.09 x | -6.76 x | -8.57 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 15.7 x | 63.4 x | 35.8 x | 17 x | 10.8 x | 8.46 x | 5.71 x | 3.62 x |
| EV / Revenue | 15.7 x | 56.2 x | 25.2 x | 6.3 x | 10.8 x | 3.52 x | 3.42 x | 1.96 x |
| EV / EBITDA | -59.1 x | -150 x | -32.1 x | -3.67 x | -7.37 x | -2.87 x | -4.98 x | -6.16 x |
| EV / FCF | -59.2 x | -105 x | -28.1 x | -3.18 x | - | -2.12 x | -3.16 x | -3.66 x |
| FCF Yield | -1.69% | -0.95% | -3.55% | -31.5% | - | -47.1% | -31.6% | -27.3% |
| Price to Book | - | 7.32 x | 2.82 x | 1.23 x | - | 1.14 x | 1.34 x | 1.51 x |
| Nbr of stocks (in thousands) | 233,511 | 281,924 | 297,688 | 298,375 | 298,720 | 299,387 | - | - |
| Reference price 2 | 7.139 | 23.38 | 12.57 | 4.779 | 3.704 | 3.202 | 3.202 | 3.202 |
| Announcement Date | 3/5/20 | 3/11/21 | 3/12/22 | 3/17/23 | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 106.3 | 103.9 | 104.5 | 83.79 | 102.4 | 113.3 | 168 | 264.7 |
| EBITDA 1 | -28.2 | -38.9 | -82.19 | -144 | -150.1 | -139.2 | -115.5 | -84.37 |
| EBIT 1 | -27.39 | -39.76 | -88.1 | -158.9 | -162.9 | -160.2 | -145.2 | -113.6 |
| Operating Margin | -25.77% | -38.27% | -84.31% | -189.65% | -159.14% | -141.33% | -86.45% | -42.93% |
| Earnings before Tax (EBT) 1 | -39.03 | -49.34 | -114.6 | -177 | -144.1 | -153.5 | -143.4 | -120.2 |
| Net income 1 | -39.1 | -51.38 | -114.4 | -173.5 | -177.7 | -158.2 | -145.2 | -120.7 |
| Net margin | -36.78% | -49.45% | -109.47% | -207.07% | -173.61% | -139.63% | -86.42% | -45.61% |
| EPS 2 | -0.1700 | -0.2100 | -0.3900 | -0.5800 | -0.5900 | -0.5254 | -0.4738 | -0.3736 |
| Free Cash Flow 1 | -28.16 | -55.55 | -93.63 | -166.1 | - | -188 | -181.8 | -142 |
| FCF margin | -26.49% | -53.47% | -89.6% | -198.25% | - | -165.93% | -108.25% | -53.66% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 3/11/21 | 3/12/22 | 3/17/23 | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 36.7 | 21 | 20.9 | 21.34 | 20.46 | 13.3 | 15.3 | 27.6 | 46.75 | 14.45 | 19.61 | 31.64 | 45.95 | 26.61 | 30.03 |
| EBITDA 1 | -25.48 | -27.55 | -35 | -35.1 | -46.38 | -38.28 | -35.9 | -36.22 | -44.08 | -36.64 | -35.17 | -35.25 | -32.17 | -25.27 | -25.74 |
| EBIT 1 | -27.54 | -30.52 | -40.66 | -44.76 | -42.96 | -43.07 | -40.71 | -39.09 | -40.04 | -42.48 | -40.39 | -40.69 | -37.76 | -31.84 | -31.8 |
| Operating Margin | -75.03% | -145.33% | -194.56% | -209.72% | -209.91% | -323.82% | -266.05% | -141.64% | -85.64% | -293.9% | -206% | -128.62% | -82.19% | -119.66% | -105.88% |
| Earnings before Tax (EBT) 1 | -44.07 | -40.6 | -55.7 | -43.3 | -37.43 | -33.92 | -30 | -62.43 | -17.7 | -41.03 | -36.85 | -39.2 | -36.64 | -30.66 | -31.56 |
| Net income 1 | -43.84 | -40.4 | -55.8 | -42.88 | -34.43 | -33.9 | -30.1 | -62.45 | -51.25 | -41.29 | -38.87 | -40.52 | -37.87 | -30.61 | -31.51 |
| Net margin | -119.44% | -192.38% | -266.99% | -200.91% | -168.23% | -254.89% | -196.71% | -226.28% | -109.62% | -285.72% | -198.22% | -128.08% | -82.43% | -115.03% | -104.91% |
| EPS 2 | -0.1500 | -0.1400 | -0.1900 | -0.1400 | -0.1100 | -0.1100 | -0.1000 | -0.2100 | -0.1700 | -0.1400 | -0.1301 | -0.1335 | -0.1252 | -0.1086 | -0.1088 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/12/22 | 5/9/22 | 8/10/22 | 11/7/22 | 3/17/23 | 5/10/23 | 8/9/23 | 11/7/23 | 3/11/24 | 5/7/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 748 | 1,107 | 898 | - | 559 | 384 | 439 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -28.2 | -55.6 | -93.6 | -166 | - | -188 | -182 | -142 |
| ROE (net income / shareholders' equity) | - | - | -10.3% | -14% | - | -16.5% | -16.4% | -15.5% |
| ROA (Net income/ Total Assets) | - | - | -9.45% | -12.9% | - | -16.7% | -15.6% | -16.2% |
| Assets 1 | - | - | 1,210 | 1,344 | - | 947.6 | 930.5 | 745.1 |
| Book Value Per Share 2 | - | 3.190 | 4.460 | 3.880 | - | 2.820 | 2.380 | 2.120 |
| Cash Flow per Share 2 | - | -0.1700 | -0.2700 | - | - | -0.3300 | -0.2900 | -0.1600 |
| Capex 1 | 13.9 | 12.6 | 13.2 | 33.9 | - | 65 | 66.2 | 49.1 |
| Capex / Sales | 13.11% | 12.15% | 12.59% | 40.5% | - | 57.36% | 39.43% | 18.57% |
| Announcement Date | 3/5/20 | 3/11/21 | 3/12/22 | 3/17/23 | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
3.202
USD
Average target price
3.225
USD
Spread / Average Target
+0.74%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -11.00% | 958M | |
| -10.57% | 1.17B | |
| -12.50% | 974M | |
| +1.42% | 450M | |
| +7.07% | 393M | |
| -44.75% | 399M | |
| +0.49% | 194M | |
| -17.71% | 71.76M |
- Stock Market
- Equities
- BLDP Stock
- Financials Ballard Power Systems Inc.
