Risks To Shareholder Returns Are Elevated At These Prices For Ballard Power Systems Inc. (TSE:BLDP)
Apr 16
Canadian (TSX) Electrical Industry Analysis
UpdatedMay 01, 2024
DataAggregated Company Financials
Companies15
- 7D-5.1%
- 3M-2.8%
- 1Y-14.9%
- YTD-4.8%
Over the last 7 days, the Electrical industry has dropped 5.1%, driven by a pullback from Hammond Power Solutions of 24%. The industry has fallen 15% in the last year. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Canadian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | CA$3.2b | CA$1.2b | -CA$258,736,999.95 | 24.7x | -12.5x | 2.7x |
| Sat, 30 Mar 2024 | CA$3.6b | CA$1.2b | -CA$250,523,807.75 | 27.2x | -14.3x | 3.1x |
| Mon, 26 Feb 2024 | CA$3.3b | CA$1.1b | -CA$278,608,876.83 | 21.6x | -11.8x | 3x |
| Wed, 24 Jan 2024 | CA$3.2b | CA$1.1b | -CA$284,546,484.00 | 18.4x | -11.1x | 2.8x |
| Fri, 22 Dec 2023 | CA$3.1b | CA$1.1b | -CA$291,847,695.00 | 14.9x | -10.5x | 2.8x |
| Sun, 19 Nov 2023 | CA$3.2b | CA$1.1b | -CA$306,850,829.00 | 15.2x | -10.5x | 2.9x |
| Tue, 17 Oct 2023 | CA$3.1b | CA$1.1b | -CA$285,283,864.00 | 11.5x | -11x | 2.9x |
| Thu, 14 Sep 2023 | CA$3.2b | CA$1.1b | -CA$280,188,703.00 | 10.2x | -11.6x | 3x |
| Sat, 12 Aug 2023 | CA$3.5b | CA$1.1b | -CA$269,199,854.00 | 11.7x | -13x | 3.3x |
| Mon, 10 Jul 2023 | CA$3.1b | CA$1.0b | -CA$298,392,493.00 | 11.3x | -10.5x | 3x |
| Wed, 07 Jun 2023 | CA$3.2b | CA$1.0b | -CA$300,959,217.00 | 10.8x | -10.5x | 3.1x |
| Fri, 05 May 2023 | CA$3.3b | CA$1.0b | -CA$328,516,764.00 | 10.1x | -9.9x | 3.1x |
| Sun, 02 Apr 2023 | CA$3.7b | CA$988.6m | -CA$338,281,993.00 | 10.1x | -11x | 3.8x |
| Tue, 28 Feb 2023 | CA$3.6b | CA$981.2m | -CA$365,118,013.00 | 9.1x | -9.8x | 3.6x |
| Thu, 26 Jan 2023 | CA$3.7b | CA$939.5m | -CA$342,129,908.00 | 7.7x | -10.7x | 3.9x |
| Sat, 24 Dec 2022 | CA$2.8b | CA$941.5m | -CA$342,578,055.00 | 6.9x | -8.2x | 3x |
| Mon, 21 Nov 2022 | CA$3.4b | CA$939.7m | -CA$332,428,348.00 | 7.9x | -10.2x | 3.6x |
| Wed, 19 Oct 2022 | CA$3.1b | CA$883.0m | -CA$328,171,147.00 | 7.9x | -9.6x | 3.6x |
| Fri, 16 Sep 2022 | CA$3.7b | CA$876.4m | -CA$310,454,975.00 | 7.2x | -12.1x | 4.3x |
| Sun, 14 Aug 2022 | CA$4.3b | CA$871.2m | -CA$305,363,772.00 | 6.7x | -14x | 4.9x |
| Tue, 12 Jul 2022 | CA$3.3b | CA$815.7m | -CA$255,682,728.00 | 6.3x | -13x | 4.1x |
| Thu, 09 Jun 2022 | CA$3.6b | CA$811.1m | -CA$250,075,237.00 | 7.1x | -14.4x | 4.5x |
| Sat, 07 May 2022 | CA$4.0b | CA$810.0m | -CA$212,997,107.00 | 7.1x | -18.6x | 4.9x |
| Mon, 04 Apr 2022 | CA$5.0b | CA$744.3m | -CA$189,519,448.00 | 6.8x | -26.5x | 6.7x |
| Wed, 02 Mar 2022 | CA$4.9b | CA$682.3m | -CA$142,529,404.00 | 9.5x | -34.3x | 7.2x |
| Fri, 28 Jan 2022 | CA$4.1b | CA$682.5m | -CA$140,007,022.00 | 9.1x | -29.4x | 6x |
| Sun, 26 Dec 2021 | CA$5.7b | CA$681.7m | -CA$138,946,376.00 | 8.7x | -41.1x | 8.4x |
| Tue, 23 Nov 2021 | CA$7.2b | CA$680.4m | -CA$137,797,609.00 | 8.7x | -52x | 10.5x |
| Thu, 21 Oct 2021 | CA$6.9b | CA$648.2m | -CA$102,653,099.00 | 7.7x | -67.6x | 10.7x |
| Sat, 18 Sep 2021 | CA$6.5b | CA$652.3m | -CA$87,830,849.00 | 7.6x | -74.5x | 10x |
| Mon, 16 Aug 2021 | CA$6.1b | CA$653.1m | -CA$98,734,086.41 | 8.6x | -61.9x | 9.4x |
| Mon, 31 May 2021 | CA$6.8b | CA$629.0m | -CA$81,058,181.29 | 6.7x | -84x | 10.8x |
Price to Earnings Ratio
-106.9x
Current Industry PE
- Investors are pessimistic on the Canadian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 24% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | -1.05% | |
| Industrials | -4.70% | |
| Electrical | -5.09% | |
| Heavy Electrical Equipment | 3.79% | |
| Electrical Components | -5.14% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BLDP Ballard Power Systems | CA$3.64 | 4.6% +CA$47.9m | -37.2% | PS7.7x | |
| EXRO Exro Technologies | CA$0.76 | 7.0% +CA$17.4m | -70.0% | PS46.1x | |
| ELVA Electrovaya | CA$4.35 | 6.1% +CA$8.5m | -12.1% | PE119.8x | |
| SPRQ SPARQ Systems | CA$0.41 | 15.7% +CA$4.5m | 131.4% | PS175.8x | |
| SWAN Black Swan Graphene | CA$0.12 | 14.3% +CA$4.5m | -35.1% | PB2.6x |