BALLARD POWER SYSTEMS INC. Financials Ballard Power Systems Inc. Nasdaq
Equities
BLDP
CA0585861085
Renewable Energy Equipment & Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.6 USD | +5.26% |
|
-1.14% | -29.73% |
| Apr. 19 | Albemarle, Cummins receive tax credits under Biden's clean energy drive | RE |
| Apr. 16 | Ballard Up 0.35% In US Premarket As Announces Orders for 70 Hydrogen Fuel Cell Engines by UK Bus Company | 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 | 773.9 | - | - |
| Enterprise Value (EV) 1 | 1,667 | 5,844 | 2,634 | 527.9 | 1,106 | 217.3 | 387.3 | 332.5 |
| P/E ratio | -42 x | -111 x | -32.2 x | -8.24 x | -6.28 x | -4.92 x | -5.4 x | -6.93 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 15.7 x | 63.4 x | 35.8 x | 17 x | 10.8 x | 6.69 x | 4.53 x | 2.99 x |
| EV / Revenue | 15.7 x | 56.2 x | 25.2 x | 6.3 x | 10.8 x | 1.88 x | 2.27 x | 1.28 x |
| EV / EBITDA | -59.1 x | -150 x | -32.1 x | -3.67 x | -7.37 x | -1.52 x | -3.34 x | -3.6 x |
| EV / FCF | -59.2 x | -105 x | -28.1 x | -3.18 x | - | -1.02 x | -2.14 x | -2.32 x |
| FCF Yield | -1.69% | -0.95% | -3.55% | -31.5% | - | -98.2% | -46.6% | -43.1% |
| Price to Book | - | 7.32 x | 2.82 x | 1.23 x | - | 0.92 x | 1.09 x | 1.25 x |
| Nbr of stocks (in thousands) | 233,511 | 281,924 | 297,688 | 298,375 | 298,720 | 299,287 | - | - |
| Reference price 2 | 7.139 | 23.38 | 12.57 | 4.779 | 3.704 | 2.586 | 2.586 | 2.586 |
| 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 | 115.6 | 170.7 | 258.9 |
| EBITDA 1 | -28.2 | -38.9 | -82.19 | -144 | -150.1 | -142.7 | -115.8 | -92.27 |
| EBIT 1 | -27.39 | -39.76 | -88.1 | -158.9 | -162.9 | -160.2 | -144.9 | -96.16 |
| Operating Margin | -25.77% | -38.27% | -84.31% | -189.65% | -159.14% | -138.58% | -84.84% | -37.15% |
| Earnings before Tax (EBT) 1 | -39.03 | -49.34 | -114.6 | -177 | -144.1 | -156.2 | -143.1 | -123.3 |
| Net income 1 | -39.1 | -51.38 | -114.4 | -173.5 | -177.7 | -158.6 | -144.9 | -123.5 |
| Net margin | -36.78% | -49.45% | -109.47% | -207.07% | -173.61% | -137.15% | -84.88% | -47.71% |
| EPS 2 | -0.1700 | -0.2100 | -0.3900 | -0.5800 | -0.5900 | -0.5257 | -0.4786 | -0.3732 |
| Free Cash Flow 1 | -28.16 | -55.55 | -93.63 | -166.1 | - | -213.5 | -180.6 | -143.5 |
| FCF margin | -26.49% | -53.47% | -89.6% | -198.25% | - | -184.61% | -105.74% | -55.42% |
| 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25.2 | 36.7 | 21 | 20.9 | 21.34 | 20.46 | 13.3 | 15.3 | 27.6 | 46.75 | 17.58 | 20.85 | 32.31 | 42.84 | 28.55 |
| EBITDA 1 | -23.1 | -25.48 | -27.55 | -35 | -35.1 | -46.38 | -38.28 | -35.9 | -36.22 | -44.08 | -39 | -36.43 | -35.45 | -31.54 | -26.29 |
| EBIT 1 | -24.61 | -27.54 | -30.52 | -40.66 | -44.76 | -42.96 | -43.07 | -40.71 | -39.09 | -40.04 | -43.65 | -40.98 | -40.42 | -36.14 | -31.53 |
| Operating Margin | -97.65% | -75.03% | -145.33% | -194.56% | -209.72% | -209.91% | -323.82% | -266.05% | -141.64% | -85.64% | -248.23% | -196.53% | -125.12% | -84.36% | -110.42% |
| Earnings before Tax (EBT) 1 | -30.84 | -44.07 | -40.6 | -55.7 | -43.3 | -37.43 | -33.92 | -30 | -62.43 | -17.7 | -41.41 | -38.59 | -39.34 | -35.39 | -31.5 |
| Net income 1 | -30.8 | -43.84 | -40.4 | -55.8 | -42.88 | -34.43 | -33.9 | -30.1 | -62.45 | -51.25 | -41.97 | -40.01 | -40.02 | -36.64 | -31.43 |
| Net margin | -122.22% | -119.44% | -192.38% | -266.99% | -200.91% | -168.23% | -254.89% | -196.71% | -226.28% | -109.62% | -238.69% | -191.88% | -123.87% | -85.52% | -110.09% |
| EPS 2 | -0.1000 | -0.1500 | -0.1400 | -0.1900 | -0.1400 | -0.1100 | -0.1100 | -0.1000 | -0.2100 | -0.1700 | -0.1393 | -0.1332 | -0.1314 | -0.1214 | -0.1163 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 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 | - | - | - | - | - |
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 | - | 557 | 387 | 441 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | -28.2 | -55.6 | -93.6 | -166 | - | -213 | -181 | -143 |
| ROE (net income / shareholders' equity) | - | - | -10.3% | -14% | - | -17.1% | -16.5% | -16.1% |
| ROA (Net income/ Total Assets) | - | - | -9.45% | -12.9% | - | -16.7% | -15.6% | -16.2% |
| Assets 1 | - | - | 1,210 | 1,344 | - | 949.7 | 929 | 762.3 |
| Book Value Per Share 2 | - | 3.190 | 4.460 | 3.880 | - | 2.800 | 2.380 | 2.070 |
| Cash Flow per Share 2 | - | -0.1700 | -0.2700 | - | - | -0.3700 | -0.3700 | -0.1500 |
| Capex 1 | 13.9 | 12.6 | 13.2 | 33.9 | - | 68.2 | 59.8 | 45.4 |
| Capex / Sales | 13.11% | 12.15% | 12.59% | 40.5% | - | 59% | 35.01% | 17.54% |
| 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
Sell
Buy
Mean consensus
HOLD
Number of Analysts
21
Last Close Price
2.586
USD
Average target price
3.078
USD
Spread / Average Target
+19.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -46.44% | 1.65B | |
| -2.85% | 1.27B | |
| -22.46% | 856M | |
| -45.59% | 393M | |
| -16.25% | 368M | |
| -9.27% | 173M | |
| -19.82% | 69.32M |
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