BlackBerry Limited

BMV:BB N Stock Report

Market Cap: Mex$28.5b

BlackBerry Valuation

Is BB N 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 BB N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BB N (MX$47.35) is trading above our estimate of fair value (MX$7.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BB N. This is calculated by dividing BB N's market cap by their current revenue.
What is BB N's PS Ratio?
PS Ratio2.2x
SalesUS$637.00m
Market CapUS$1.39b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BB N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.1x
ATEN A10 Networks
4.8x7.8%US$1.2b
300166 Business-intelligence of Oriental Nations
4.8x14.3%CN¥11.7b
ACP Asseco Poland
0.4x5.1%zł5.9b
300768 Hangzhou DPtech TechnologiesLtd
10.3x18.7%CN¥11.7b
BB N BlackBerry
2.2x21.7%Mex$1.9b

Price-To-Sales vs Peers: BB N is good value based on its Price-To-Sales Ratio (2.2x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does BB N's PS Ratio compare vs other companies in the Global Software Industry?

246 CompaniesPrice / SalesEstimated GrowthMarket Cap
BB N 2.2xIndustry Avg. 3.1xNo. of Companies246PS02.85.68.411.214+
246 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BB N is good value based on its Price-To-Sales Ratio (2.2x) compared to the Global Software industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is BB N'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 N 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 BB N'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 BB N forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$47.35
Mex$56.16
+18.6%
21.1%Mex$68.04Mex$44.29n/a2
Nov ’25Mex$45.66
Mex$56.16
+23.0%
21.1%Mex$68.04Mex$44.29n/a2
Oct ’25Mex$50.00
Mex$55.42
+10.8%
21.1%Mex$67.12Mex$43.73n/a2
Sep ’25Mex$47.50
Mex$59.61
+25.5%
33.9%Mex$79.79Mex$39.43n/a2
Aug ’25Mex$46.00
Mex$59.61
+29.6%
33.9%Mex$79.79Mex$39.43n/a2
Jul ’25Mex$46.52
Mex$64.97
+39.7%
20.0%Mex$82.01Mex$50.43n/a3
Jun ’25Mex$46.61
Mex$57.56
+23.5%
19.2%Mex$71.87Mex$45.02n/a3
May ’25Mex$49.00
Mex$57.56
+17.5%
19.2%Mex$71.87Mex$45.02n/a3
Apr ’25n/a
Mex$73.81
0%
15.3%Mex$82.10Mex$57.85n/a3
Mar ’25Mex$46.54
Mex$73.81
+58.6%
15.3%Mex$82.10Mex$57.85n/a3
Feb ’25Mex$47.65
Mex$73.81
+54.9%
15.3%Mex$82.10Mex$57.85n/a3
Jan ’25Mex$60.00
Mex$73.81
+23.0%
15.3%Mex$82.10Mex$57.85n/a3
Dec ’24Mex$63.85
Mex$79.40
+24.4%
8.7%Mex$86.34Mex$72.45n/a2
Nov ’24Mex$64.10
Mex$79.40
+23.9%
8.7%Mex$86.34Mex$72.45Mex$45.662
Oct ’24Mex$80.61
Mex$82.23
+2.0%
3.2%Mex$84.90Mex$79.57Mex$50.002
Sep ’24Mex$94.00
Mex$79.98
-14.9%
3.8%Mex$83.00Mex$76.96Mex$47.502
Aug ’24Mex$85.50
Mex$79.98
-6.5%
3.8%Mex$83.00Mex$76.96Mex$46.002
Jul ’24Mex$95.79
Mex$82.03
-14.4%
8.8%Mex$89.29Mex$74.77Mex$46.522
Jun ’24Mex$94.00
Mex$82.03
-12.7%
8.8%Mex$89.29Mex$74.77Mex$46.612
May ’24Mex$73.43
Mex$82.03
+11.7%
8.8%Mex$89.29Mex$74.77Mex$49.002
Apr ’24Mex$72.50
Mex$73.79
+1.8%
19.1%Mex$87.91Mex$59.67n/a2
Mar ’24Mex$70.40
Mex$89.24
+26.8%
27.9%Mex$114.13Mex$64.34Mex$46.542
Feb ’24Mex$82.67
Mex$89.24
+7.9%
27.9%Mex$114.13Mex$64.34Mex$47.652
Jan ’24Mex$62.00
Mex$89.24
+43.9%
27.9%Mex$114.13Mex$64.34Mex$60.002
Dec ’23Mex$97.00
Mex$110.69
+14.1%
20.5%Mex$133.34Mex$88.03Mex$63.852
Nov ’23Mex$91.00
Mex$110.69
+21.6%
20.5%Mex$133.34Mex$88.03Mex$64.102

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

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