BlackBerry Limited

LSE:0R0P Stock Report

Market Cap: CA$1.9b

BlackBerry Valuation

Is 0R0P undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0R0P when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R0P (CA$3.42) is trading above our estimate of fair value (CA$0.69)

Significantly Below Fair Value: 0R0P is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R0P?

Key metric: As 0R0P is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0R0P. This is calculated by dividing 0R0P's market cap by their current revenue.
What is 0R0P's PS Ratio?
PS Ratio2.2x
SalesUS$637.00m
Market CapUS$1.38b

Price to Sales Ratio vs Peers

How does 0R0P's PS Ratio compare to its peers?

The above table shows the PS ratio for 0R0P vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.9x
BLTG Blancco Technology Group
3.9x9.7%UK£173.0m
CNS Corero Network Security
5.8x12.2%UK£110.1m
KBT K3 Business Technology Group
0.7xn/aUK£27.5m
BYIT Bytes Technology Group
5.3x11.0%UK£1.1b
0R0P BlackBerry
2.2x21.7%CA$1.9b

Price-To-Sales vs Peers: 0R0P is good value based on its Price-To-Sales Ratio (2.2x) compared to the peer average (3.9x).

Price to Sales Ratio vs Industry

How does 0R0P's PS Ratio compare vs other companies in the GB Software Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
RM. RM
0.3xn/aUS$81.01m
SWG Shearwater Group
0.4xn/aUS$10.69m
MBO MobilityOne
0.01xn/aUS$3.02m
CCS Crossword Cybersecurity
0.5xn/aUS$2.46m
0R0P 2.2xIndustry Avg. 2.4xNo. of Companies13PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0R0P is good value based on its Price-To-Sales Ratio (2.2x) compared to the UK Software industry average (2.6x).

Price to Sales Ratio vs Fair Ratio

What is 0R0P'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.

0R0P PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 0R0P'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 0R0P forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CA$3.87
0%
21.1%CA$4.69CA$3.05n/a2
Nov ’25n/a
CA$3.87
0%
21.1%CA$4.69CA$3.05n/a2
Oct ’25CA$3.17
CA$3.81
+20.1%
21.1%CA$4.61CA$3.00n/a2
Sep ’25n/a
CA$4.54
0%
33.9%CA$6.07CA$3.00n/a2
Aug ’25n/a
CA$4.54
0%
33.9%CA$6.07CA$3.00n/a2
Jul ’25CA$3.26
CA$4.83
+48.2%
20.0%CA$6.10CA$3.75n/a3
Jun ’25n/a
CA$4.79
0%
19.2%CA$5.98CA$3.75n/a3
May ’25n/a
CA$4.79
0%
19.2%CA$5.98CA$3.75n/a3
Apr ’25CA$3.82
CA$5.76
+51.0%
15.3%CA$6.41CA$4.51n/a3
Mar ’25CA$3.79
CA$5.76
+52.0%
15.3%CA$6.41CA$4.51n/a3
Feb ’25CA$3.93
CA$5.76
+46.6%
15.3%CA$6.41CA$4.51n/a3
Jan ’25CA$4.74
CA$5.76
+21.4%
15.3%CA$6.41CA$4.51n/a3
Dec ’24n/a
CA$6.06
0%
8.7%CA$6.59CA$5.53n/a2
Nov ’24CA$4.94
CA$6.06
+22.9%
8.7%CA$6.59CA$5.53n/a2
Oct ’24CA$6.87
CA$6.40
-6.8%
3.2%CA$6.60CA$6.19CA$3.172
Sep ’24n/a
CA$6.24
0%
3.8%CA$6.48CA$6.01n/a2
Aug ’24CA$6.65
CA$6.24
-6.0%
3.8%CA$6.48CA$6.01n/a2
Jul ’24n/a
CA$6.03
0%
8.8%CA$6.57CA$5.50CA$3.262
Jun ’24n/a
CA$6.03
0%
8.8%CA$6.57CA$5.50n/a2
May ’24n/a
CA$6.03
0%
8.8%CA$6.57CA$5.50n/a2
Apr ’24CA$6.18
CA$5.53
-10.5%
19.1%CA$6.59CA$4.47CA$3.822
Mar ’24CA$5.19
CA$6.25
+20.4%
27.9%CA$7.99CA$4.51CA$3.792
Feb ’24n/a
CA$6.25
0%
27.9%CA$7.99CA$4.51CA$3.932
Jan ’24n/a
CA$6.25
0%
27.9%CA$7.99CA$4.51CA$4.742
Dec ’23n/a
CA$7.51
0%
20.5%CA$9.05CA$5.97n/a2
Nov ’23n/a
CA$7.51
0%
20.5%CA$9.05CA$5.97CA$4.942

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

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