We’ve recently updated our valuation analysis.

BlackBerry Valuation

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

[object Object] Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.1x
Enterprise Value/EBITDA-37.2x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.5x
ABST Absolute Software
2.5x16.2%CA$701.4m
TCS Tecsys
3x7.2%CA$431.7m
SYZ Sylogist
2.6x7.7%CA$138.7m
KXS Kinaxis
9.7x15.5%CA$4.4b
BB BlackBerry
4.3x17.2%CA$4.1b

Price-To-Sales vs Peers: BB is good value based on its Price-To-Sales Ratio (4.3x) compared to the peer average (4.5x).


Price to Earnings Ratio vs Industry

How does BB's PE Ratio compare vs other companies in the CA Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.5%
n/an/an/a

Price-To-Sales vs Industry: BB is expensive based on its Price-To-Sales Ratio (4.3x) compared to the Canadian Software industry average (3.5x)


Price to Sales Ratio vs Fair Ratio

What is BB'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.

BB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.3x
Fair PS Ratio5.2x

Price-To-Sales vs Fair Ratio: BB is good value based on its Price-To-Sales Ratio (4.3x) compared to the estimated Fair Price-To-Sales Ratio (5.2x).


Share Price vs Fair Value

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

Below Fair Value: BB (CA$7) is trading above our estimate of fair value (CA$6.85)

Significantly Below Fair Value: BB is trading above our estimate of fair value.


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 BB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$7.00
CA$7.57
+8.1%
20.1%CA$9.09CA$6.05n/a2
Nov ’23CA$6.36
CA$7.57
+19.0%
20.1%CA$9.09CA$6.05n/a2
Oct ’23CA$6.51
CA$8.00
+22.9%
13.7%CA$9.10CA$6.91n/a2
Sep ’23CA$7.58
CA$7.79
+2.8%
16.6%CA$9.08CA$6.50n/a2
Aug ’23CA$7.87
CA$7.79
-1.0%
16.6%CA$9.08CA$6.50n/a2
Jul ’23CA$6.94
CA$8.70
+25.3%
4.6%CA$9.10CA$8.29n/a2
Jun ’23CA$7.24
CA$8.50
+17.5%
3.5%CA$8.80CA$8.21n/a2
May ’23CA$7.35
CA$8.38
+14.0%
4.7%CA$8.77CA$7.98n/a2
Apr ’23CA$8.42
CA$9.29
+10.3%
5.1%CA$9.76CA$8.82n/a2
Mar ’23CA$8.65
CA$7.66
-11.4%
32.1%CA$9.78CA$4.21n/a3
Feb ’23CA$10.35
CA$7.66
-26.0%
32.1%CA$9.78CA$4.21n/a3
Jan ’23CA$11.82
CA$7.76
-34.3%
31.9%CA$10.00CA$4.31n/a3
Dec ’22CA$11.36
CA$7.66
-32.5%
32.4%CA$9.80CA$4.19CA$6.813
Nov ’22CA$14.07
CA$7.76
-44.8%
32.2%CA$10.00CA$4.27CA$6.363
Oct ’22CA$12.27
CA$7.76
-36.7%
32.2%CA$10.00CA$4.27CA$6.513
Sep ’22CA$14.75
CA$7.65
-48.1%
32.7%CA$10.13CA$4.22CA$7.583
Aug ’22CA$12.70
CA$7.65
-39.8%
32.7%CA$10.13CA$4.22CA$7.873
Jul ’22CA$15.15
CA$7.68
-49.3%
32.9%CA$10.00CA$4.16CA$6.943
Jun ’22CA$13.92
CA$7.17
-48.5%
30.7%CA$8.80CA$4.06CA$7.243
May ’22CA$10.87
CA$7.28
-33.0%
30.2%CA$8.88CA$4.17CA$7.353
Apr ’22CA$10.77
CA$7.34
-31.8%
30.0%CA$9.00CA$4.23CA$8.423
Mar ’22CA$13.79
CA$6.17
-55.3%
31.3%CA$8.10CA$4.24CA$8.652
Feb ’22CA$18.81
CA$6.20
-67.1%
30.7%CA$8.10CA$4.29CA$10.352
Jan ’22CA$8.44
CA$6.20
-26.6%
30.7%CA$8.10CA$4.30CA$11.822
Dec ’21CA$9.08
CA$6.45
-29.0%
31.8%CA$8.50CA$4.40CA$11.362

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


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