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Ballard Power Systems

Market Cap

CA$5.2b

Last Updated

2021/05/12 22:36 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 primarily in Canada. More Details


Snowflake Analysis

Flawless balance sheet with limited growth.


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 is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: BLDP's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

-9.3%

BLDP

-9.8%

CA Electrical

-0.8%

CA Market


1 Year Return

33.0%

BLDP

35.5%

CA Electrical

38.7%

CA Market

Return vs Industry: BLDP underperformed the Canadian Electrical industry which returned 34.1% over the past year.

Return vs Market: BLDP underperformed the Canadian Market which returned 36.3% over the past year.


Shareholder returns

BLDPIndustryMarket
7 Day-9.3%-9.8%-0.8%
30 Day-37.8%-36.7%0.2%
90 Day-62.6%-61.3%5.5%
1 Year33.0%33.0%35.6%35.5%43.3%38.7%
3 Year331.4%331.4%283.3%278.8%27.3%15.2%
5 Year879.2%879.2%726.7%705.8%57.2%33.6%

Long-Term 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

Valuation

Is Ballard Power Systems undervalued compared to its fair value and its price relative to the market?

3.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BLDP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BLDP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BLDP is unprofitable, so we can't compare its PE Ratio to the North American 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 (3x) compared to the CA Electrical industry average (1.1x).


Future Growth

How is Ballard Power Systems forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

65.0%

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 (37.3% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: BLDP's revenue (37.3% 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.


Past Performance

How has Ballard Power Systems performed over the past 5 years?

-27.7%

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 27.7% 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 (-1.7%).


Return on Equity

High ROE: BLDP has a negative Return on Equity (-3.85%), as it is currently unprofitable.


Financial Health

How is Ballard Power Systems's financial position?


Financial Position Analysis

Short Term Liabilities: BLDP's short term assets ($1.4B) exceed its short term liabilities ($52.2M).

Long Term Liabilities: BLDP's short term assets ($1.4B) exceed its long term liabilities ($22.2M).


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 0.5%.


Balance Sheet


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 37.7% each year


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 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.


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?

4.0yrs

Average management tenure


CEO

Randy MacEwen (51 yo)

6.58yrs

Tenure

US$1,509,736

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 ($USD1.51M) is below average for companies of similar size in the Canadian market ($USD3.14M).

Compensation vs Earnings: Randy's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BLDP's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: BLDP's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BLDP insiders have only sold shares 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 22.1%.


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$5.186b
  • Shares outstanding: 297.55m
  • Website: https://www.ballard.com

Number of Employees


Location

  • Ballard Power Systems Inc.
  • 9000 Glenlyon Parkway
  • Burnaby
  • British Columbia
  • V5J 5J8
  • Canada

Listings


Biography

Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products primarily in Canada. The company offers heavy duty modules, mari...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 22:36
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.