Financials BlackBerry Limited

Equities

BB

CA09228F1036

Software

Market Closed - Toronto S.E. 04:00:00 2024-05-24 pm EDT 5-day change 1st Jan Change
3.94 CAD +0.51% Intraday chart for BlackBerry Limited -1.99% -16.17%

Valuation

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,857 5,693 3,947 2,261 1,649 1,702 - -
Enterprise Value (EV) 1 2,554 5,674 3,742 2,202 1,644 2,019 1,787 1,833
P/E ratio -19.1 x -5.12 x 361 x -3.06 x -12.7 x -24.5 x -43.3 x 96.1 x
Yield - - - - - - - -
Capitalization / Revenue 2.6 x 6.38 x 5.5 x 3.45 x 1.93 x 2.83 x 2.57 x 0.72 x
EV / Revenue 2.32 x 6.35 x 5.21 x 3.36 x 1.93 x 3.36 x 2.7 x 0.77 x
EV / EBITDA 17.1 x 34 x -468 x -31 x 28.8 x 492 x 42.1 x 23.2 x
EV / FCF 182 x 76.7 x -104 x -8.15 x -164 x 67.8 x 47.6 x 32.4 x
FCF Yield 0.55% 1.3% -0.96% -12.3% -0.61% 1.47% 2.1% 3.08%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 552,791 563,968 574,762 582,157 588,931 590,171 - -
Reference price 2 5.169 10.10 6.867 3.883 2.800 2.884 2.884 2.884
Announcement Date 3/31/20 3/30/21 3/31/22 3/30/23 4/3/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 1,099 893 718 656 853 600.9 661.9 2,376
EBITDA 1 149 167 -8 -71 57 4.108 42.44 79
EBIT 1 78 98 -69 -94 36 -19.48 29.84 70.31
Operating Margin 7.1% 10.97% -9.61% -14.33% 4.22% -3.24% 4.51% 2.96%
Earnings before Tax (EBT) 1 -148 -1,113 19 -720 -106 -47.08 -39.26 -1.5
Net income 1 -152 -1,104 12 -734 -130 -71.15 -38.98 20.15
Net margin -13.83% -123.63% 1.67% -111.89% -15.24% -11.84% -5.89% 0.85%
EPS 2 -0.2700 -1.970 0.0190 -1.270 -0.2200 -0.1175 -0.0667 0.0300
Free Cash Flow 1 14 74 -36 -270 -10 29.76 37.54 56.5
FCF margin 1.27% 8.29% -5.01% -41.16% -1.17% 4.95% 5.67% 2.38%
FCF Conversion (EBITDA) 9.4% 44.31% - - - 724.41% 88.46% 71.52%
FCF Conversion (Net income) - - - - - - - 280.4%
Dividend per Share - - - - - - - -
Announcement Date 3/31/20 3/30/21 3/31/22 3/30/23 4/3/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: February 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 184 185 168 168 169 151 373 132 175 173 134.1 142.4 155.7 166.2 145.7
EBITDA 1 -8 20 -21 -16 -22 -12 41 -22 18 21 -17.63 -5.77 7.357 14.97 1.243
EBIT 1 -24 8 -27 -22 -28 -17 35 -28 13 16 -21.23 -11.09 2.219 11.58 -9.635
Operating Margin -13.04% 4.32% -16.07% -13.1% -16.57% -11.26% 9.38% -21.21% 7.43% 9.25% -15.84% -7.79% 1.43% 6.97% -6.61%
Earnings before Tax (EBT) 1 76 145 -178 -49 - -493 -8 -40 -6 -52 -28.5 -16 -3 5.5 -16
Net income 1 74 144 -181 -54 -4 -495 -11 -42 -21 -56 -37 -20.94 -12.04 -0.89 -19.14
Net margin 40.22% 77.84% -107.74% -32.14% -2.37% -327.81% -2.95% -31.82% -12% -32.37% -27.6% -14.7% -7.73% -0.54% -13.13%
EPS 2 0.1171 0.2262 -0.3100 -0.0900 -0.0100 -0.8500 -0.0200 -0.0700 -0.0400 -0.1000 -0.0667 -0.0367 -0.0200 - -0.0300
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 12/21/21 3/31/22 6/23/22 9/27/22 12/20/22 3/30/23 6/28/23 9/28/23 12/20/23 4/3/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - 317 84.8 131
Net Cash position 1 303 19 205 59 5 - - -
Leverage (Debt/EBITDA) - - - - - 77.19 x 1.997 x 1.655 x
Free Cash Flow 1 14 74 -36 -270 -10 29.8 37.5 56.5
ROE (net income / shareholders' equity) 2.87% -32.9% -3.59% -60.8% -15.9% -12.3% -2.1% 3%
ROA (Net income/ Total Assets) 1.88% -54.8% -2.04% -34.6% -8.46% -6.7% -1.1% 1.5%
Assets 1 -8,068 2,016 -587.5 2,123 1,537 1,062 3,543 1,343
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 0.0400 - - -0.4100 -0.0100 0.0600 0.1200 0.1400
Capex 1 12 8 8 7 7 14.7 16.2 15
Capex / Sales 1.09% 0.9% 1.11% 1.07% 0.82% 2.44% 2.45% 0.63%
Announcement Date 3/31/20 3/30/21 3/31/22 3/30/23 4/3/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
2.884 USD
Average target price
3.499 USD
Spread / Average Target
+21.33%
Consensus
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  4. Financials BlackBerry Limited