Ballard Power Systems Inc.

BUL:PO0 Stock Report

Market Cap: €385.3m

Ballard Power Systems Valuation

Is PO0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PO0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PO0's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PO0's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PO0?

Key metric: As PO0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PO0. This is calculated by dividing PO0's market cap by their current revenue.
What is PO0's PS Ratio?
PS Ratio4.4x
SalesUS$91.96m
Market CapUS$408.10m

Price to Sales Ratio vs Peers

How does PO0's PS Ratio compare to its peers?

The above table shows the PS ratio for PO0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
MONB Monbat AD
0.3xn/aлв101.3m
ELHM Elhim Iskra AD
0.5xn/aлв16.8m
MSH M+S Hydraulic AD
2xn/aлв374.6m
HRZ Rodna Zemya Holding AD
0.9xn/aлв173.6m
PO0 Ballard Power Systems
4.4x23.7%€571.9m

Price-To-Sales vs Peers: PO0 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does PO0's PS Ratio compare vs other companies in the European Electrical Industry?

18 CompaniesPrice / SalesEstimated GrowthMarket Cap
PO0 4.4xIndustry Avg. 1.0xNo. of Companies25PS012345+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PO0 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is PO0's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PO0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PO0's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PO0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.21
€1.40
+15.2%
32.7%€1.88€0.67n/a4
Nov ’25n/a
€1.99
0%
29.6%€2.93€1.30n/a4
Oct ’25n/a
€1.99
0%
29.6%€2.93€1.30n/a4
Sep ’25€1.66
€2.61
+56.8%
40.3%€4.12€1.33n/a4
Aug ’25n/a
€3.00
0%
25.9%€4.19€2.03n/a4
Jul ’25n/a
€3.00
0%
25.9%€4.19€2.03n/a4
Jun ’25n/a
€3.00
0%
25.9%€4.19€2.03n/a4
May ’25n/a
€3.10
0%
21.6%€4.19€2.42n/a4
Apr ’25n/a
€3.10
0%
21.6%€4.19€2.42n/a4
Mar ’25n/a
€3.38
0%
16.3%€4.11€2.73n/a4
Feb ’25n/a
€3.38
0%
16.3%€4.11€2.73n/a4
Jan ’25n/a
€3.34
0%
20.9%€4.18€2.36n/a4
Dec ’24€3.25
€3.54
+8.9%
24.5%€4.52€2.37n/a4
Nov ’24€3.11
€3.75
+20.5%
14.4%€4.42€3.06n/a4
Oct ’24€3.45
€3.75
+8.5%
14.4%€4.42€3.06n/a4
Sep ’24€3.93
€3.75
-4.6%
14.4%€4.42€3.06€1.664
Aug ’24€4.29
€3.79
-11.6%
14.5%€4.49€3.09n/a4
Jul ’24€4.04
€3.70
-8.3%
16.1%€4.52€3.11n/a3
Jun ’24€3.80
€3.95
+4.0%
25.7%€5.38€3.08n/a3
May ’24€3.91
€4.01
+2.6%
23.8%€5.36€3.33n/a3
Apr ’24€4.93
€4.90
-0.5%
44.1%€7.95€3.37n/a3
Mar ’24€5.44
€5.26
-3.4%
38.7%€8.10€3.49n/a3
Feb ’24€6.05
€5.26
-13.2%
38.7%€8.10€3.49n/a3
Jan ’24€4.37
€5.65
+29.3%
33.6%€8.34€4.30n/a3
Dec ’23€5.81
€5.65
-2.6%
33.6%€8.34€4.30€3.253
Nov ’23€5.83
€7.37
+26.4%
21.3%€8.74€5.17€3.113

Analyst Forecast: Target price is less than 20% higher than the current share price.

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