BLDP Stock Overview
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products.
Ballard Power Systems Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$8.31|
|52 Week High||CA$24.48|
|52 Week Low||CA$7.46|
|1 Month Change||-16.57%|
|3 Month Change||-43.85%|
|1 Year Change||-63.33%|
|3 Year Change||55.91%|
|5 Year Change||122.19%|
|Change since IPO||398.60%|
Recent News & Updates
Companies Like Ballard Power Systems (TSE:BLDP) Are In A Position To Invest In Growth
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
|BLDP||CA Electrical||CA Market|
Return vs Industry: BLDP underperformed the Canadian Electrical industry which returned -60.2% over the past year.
Return vs Market: BLDP underperformed the Canadian Market which returned -2.6% over the past year.
|BLDP Average Weekly Movement||11.0%|
|Electrical Industry Average Movement||10.1%|
|Market Average Movement||10.1%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: BLDP is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: BLDP's weekly volatility (11%) has been stable over the past year.
About the Company
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product markets, consisting of heavy-duty motives, such as bus, truck, rail, and marine applications; material handling; and backup power. It also provides technology solutions, including engineering and technology transfer, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various PEM fuel cell applications; and hydrogen fuel cell powertrain and vehicle systems integration solutions.
Ballard Power Systems Fundamentals Summary
|BLDP fundamental statistics|
Is BLDP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BLDP income statement (TTM)|
|Cost of Revenue||US$96.75m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.46|
|Net Profit Margin||-126.92%|
How did BLDP perform over the long term?See historical performance and comparison
Is BLDP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for BLDP?
Other financial metrics that can be useful for relative valuation.
|What is BLDP's n/a Ratio?|
Price to Sales Ratio vs Peers
How does BLDP's PS Ratio compare to its peers?
|BLDP PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
HPS.A Hammond Power Solutions
EGT Eguana Technologies
LPEN Loop Energy
BLDP Ballard Power Systems
Price-To-Sales vs Peers: BLDP is expensive based on its Price-To-Sales Ratio (17.8x) compared to the peer average (14x).
Price to Earnings Ratio vs Industry
How does BLDP's PE Ratio compare vs other companies in the North American Electrical Industry?
Price-To-Sales vs Industry: BLDP is expensive based on its Price-To-Sales Ratio (17.8x) compared to the Canadian Electrical industry average (17x)
Price to Sales Ratio vs Fair Ratio
What is BLDP'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.
|Current PS Ratio||17.8x|
|Fair PS Ratio||3.7x|
Price-To-Sales vs Fair Ratio: BLDP is expensive based on its Price-To-Sales Ratio (17.8x) compared to the estimated Fair Price-To-Sales Ratio (3.7x).
Share Price vs Fair Value
What is the Fair Price of BLDP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate BLDP's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate BLDP's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLDP's PEG Ratio to determine if it is good value.
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How is Ballard Power Systems forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLDP is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BLDP is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BLDP is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BLDP's revenue (34.5% per year) is forecast to grow faster than the Canadian market (7% per year).
High Growth Revenue: BLDP's revenue (34.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLDP is forecast to be unprofitable in 3 years.
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How has Ballard Power Systems performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLDP is currently unprofitable.
Growing Profit Margin: BLDP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BLDP is unprofitable, and losses have increased over the past 5 years at a rate of 47.1% per year.
Accelerating Growth: Unable to compare BLDP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLDP is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (28.6%).
Return on Equity
High ROE: BLDP has a negative Return on Equity (-10.65%), as it is currently unprofitable.
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How is Ballard Power Systems's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: BLDP's short term assets ($1.2B) exceed its short term liabilities ($77.0M).
Long Term Liabilities: BLDP's short term assets ($1.2B) exceed its long term liabilities ($27.5M).
Debt to Equity History and Analysis
Debt Level: BLDP is debt free.
Reducing Debt: BLDP had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BLDP has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: BLDP has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 33.9% each year
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What is Ballard Power Systems's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BLDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BLDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLDP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLDP's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as BLDP has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Randy MacEwen (52 yo)
Mr. R. Randall MacEwen, also known as Randy, serves as Director at Brookfield Renewable Corporation since November 5, 2021 and serves as its Independent Director since 2022. He has been the Chief Executive...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD2.03M) is about average for companies of similar size in the Canadian market ($USD2.38M).
Compensation vs Earnings: Randy's compensation has increased whilst the company is unprofitable.
Experienced Management: BLDP's management team is considered experienced (2.4 years average tenure).
Experienced Board: BLDP's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ballard Power Systems Inc.'s employee growth, exchange listings and data sources
- Name: Ballard Power Systems Inc.
- Ticker: BLDP
- Exchange: TSX
- Founded: 1979
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Implied Market Cap: CA$2.588b
- Shares outstanding: 298.16m
- Website: https://www.ballard.com
Number of Employees
- Ballard Power Systems Inc.
- 9000 Glenlyon Parkway
- British Columbia
- V5J 5J8
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.