Ballard Power Systems
Market Cap
CA$2.5b
Last Updated
2020/04/01 00:31 UTC
Data Sources
Company Financials +
Executive Summary
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with high growth potential.
Similar Companies
Share Price & News
How has Ballard Power Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLDP's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.8%
BLDP
-9.8%
CA Electrical
1.0%
CA Market
1 Year Return
159.0%
BLDP
133.6%
CA Electrical
-23.3%
CA Market
Return vs Industry: BLDP exceeded the Canadian Electrical industry which returned 133.5% over the past year.
Return vs Market: BLDP exceeded the Canadian Market which returned -23.7% over the past year.
Shareholder returns
| BLDP | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.8% | -9.8% | 1.0% |
| 30 Day | -20.1% | -19.9% | -19.9% |
| 90 Day | 2.8% | 1.7% | -23.8% |
| 1 Year | 159.0%159.0% | 134.6%133.6% | -20.8%-23.3% |
| 3 Year | 233.4%233.4% | 176.0%173.1% | -12.7%-20.9% |
| 5 Year | 281.1%281.1% | 210.1%203.7% | -0.1%-15.0% |
Price Volatility Vs. Market
How volatile is Ballard Power Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Institutions Own Shares In Ballard Power Systems Inc. (TSE:BLDP)?3 weeks ago | Simply Wall St
Ballard Power Systems Inc. Annual Results: Here's What Analysts Are Forecasting For Next Year1 month ago | Simply Wall St
Is Ballard Power Systems Inc.'s (TSE:BLDP) CEO Paid At A Competitive Rate?Valuation
Is Ballard Power Systems undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLDP (CA$10.67) is trading below our estimate of fair value (CA$35.23)
Significantly Below Fair Value: BLDP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLDP is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.
PE vs Market: BLDP is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLDP's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLDP is overvalued based on its PB Ratio (7.1x) compared to the CA Electrical industry average (0.4x).
Next Steps
Future Growth
How is Ballard Power Systems forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
53.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLDP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: BLDP is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BLDP's is expected to become profitable in the next 3 years.
Revenue vs Market: BLDP's revenue (27.3% per year) is forecast to grow faster than the Canadian market (3.7% per year).
High Growth Revenue: BLDP's revenue (27.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BLDP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ballard Power Systems performed over the past 5 years?
-13.5%
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 -13.5% 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 (-1.2%).
Return on Equity
High ROE: BLDP has a negative Return on Equity (-15.6%), as it is currently unprofitable.
Next Steps
Financial Health
How is Ballard Power Systems's financial position?
Financial Position Analysis
Short Term Liabilities: BLDP's short term assets ($229.5M) exceed its short term liabilities ($64.5M).
Long Term Liabilities: BLDP's short term assets ($229.5M) exceed its long term liabilities ($25.5M).
Debt to Equity History and Analysis
Debt Level: BLDP is debt free.
Reducing Debt: BLDP has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.
Balance Sheet
Inventory Level: BLDP has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BLDP's debt is covered by short term assets.
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: Insufficient data to determine if BLDP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Ballard Power Systems's current dividend yield, its reliability and sustainability?
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 payouts.
High Dividend: Unable to evaluate BLDP's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BLDP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Randy MacEwen (50yo)
5.42s
Tenure
US$1,977,602
Compensation
Mr. R. Randall MacEwen, also known as Randy, has been the Chief Executive Officer and President of Ballard Power Systems Inc. since October 6, 2014. Mr. MacEwen has extensive executive-level experience in ...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD1.40M) is below average for companies of similar size in the Canadian market ($USD2.48M).
Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.42yrs | US$1.98m | 0.18% $4.4m | |
| CFO & VP | 9.75yrs | US$951.77k | 0.060% $1.5m | |
| VP & CTO | 4.08yrs | US$582.38k | 0.018% $451.0k | |
| VP & Chief Commercial Officer | 2.83yrs | US$973.32k | 0.012% $288.7k | |
| Vice President of Operations | 1.25yrs | no data | 0.011% $277.2k | |
| Director of Marketing & Investor Relations | no data | no data | no data | |
| General Counsel & Corporate Secretary | no data | no data | 0.0026% $64.7k | |
| Vice President of Human Resources | 1yr | no data | 0.0026% $64.7k | |
| Managing Director of Asia Pacific | 3.08yrs | no data | no data |
3.1yrs
Average Tenure
Experienced Management: BLDP's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.42yrs | US$1.98m | 0.18% $4.4m | |
| Independent Corporate Director | 6.75yrs | US$107.25k | 0.0043% $106.6k | |
| Independent Corporate Director | 3.08yrs | US$90.00k | 0.021% $533.6k | |
| Independent Non- Executive Chairman of the Board | 1.75yrs | US$132.72k | 0.021% $533.6k | |
| Independent Director | 1.17yrs | no data | no data | |
| Independent Corporate Director | 4.25yrs | US$92.25k | no data | |
| Independent Corporate Director | 8.17yrs | US$129.25k | 0.0021% $53.4k | |
| Independent Corporate Director | 2.92yrs | US$115.74k | no data | |
| Independent Director | 1.17yrs | no data | no data |
3.1yrs
Average Tenure
56yo
Average Age
Experienced Board: BLDP's board of directors are considered experienced (3.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLDP insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.3%.
Top Shareholders
Company Information
Ballard Power Systems Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ballard Power Systems Inc.
- Ticker: BLDP
- Exchange: TSX
- Founded: 1979
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: CA$2.508b
- Shares outstanding: 235.10m
- Website: https://www.ballard.com
Number of Employees
Location
- Ballard Power Systems Inc.
- 9000 Glenlyon Parkway
- Burnaby
- British Columbia
- V5J 5J8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PO0 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 1993 |
| BLDP | NasdaqGM (Nasdaq Global Market) | Yes | Common Shares | US | USD | Aug 1993 |
| BLDP | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Aug 1993 |
| 0QY5 | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Aug 1993 |
| BLD | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Aug 1993 |
Biography
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles (UAV), and material handling products. It also provides technology solutions comprising engineering services and technology transfer services, as well as licenses and sells intellectual property portfolio and fundamental knowledge for various fuel cell applications. The company serves transit bus, automotive, rail, truck, material handling, UAV, marine, and critical infrastructure markets. The company markets its products in China, Germany, the United States, Belgium, the United Kingdom, Japan, Denmark, Canada, Norway, Switzerland, France, Taiwan, the Netherlands, Finland, Spain, and internationally. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/01 00:31 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.