Blink Charging (BLNK): Assessing Valuation After Strategic Partnerships Expand Global Network Reach

If you’ve been watching Blink Charging (BLNK) lately, you know this is not just another week for the EV charging company. Blink just rolled out a strategic collaboration with Hubject, connecting its network to Hubject’s intercharge eRoaming platform across North America. The deal means more access for Blink’s stations, new potential customers through eMSPs already on Hubject’s platform, and momentum as the EV charging sector expands. Blink’s recent partnership with Paua in the UK further expands its charger footprint overseas, supporting a string of moves aimed at securing a bigger piece of the global infrastructure market.

The news has certainly caught the market’s attention, with shares up nearly 10% in the past week and over 88% for the past three months. It’s a stark shift compared to a tough year. Blink’s one-year total return remains negative, and longer-term shareholders are aware of past performance challenges. Now, after resolving a Nasdaq compliance scare and establishing new partnerships, the narrative is shifting. Is new momentum building, or are investors just catching up to a story already unfolding?

With Blink rebuilding confidence in its business and making market moves, the key question is whether its current price represents a bargain, or if the excitement has already been factored in.

Most Popular Narrative: 32.5% Undervalued

According to the most widely followed narrative, Blink Charging is currently undervalued, trading well below its estimated fair value when discounting back future earnings and margins at the identified rate.

Strategic international expansion and partnerships, such as the GBP 100 million SPV targeting the UK's government-backed LEVI program, create access to non-dilutive capital for rapid network buildout and revenue diversification. This approach can help mitigate geographic risk and improve revenue stability. Cost reduction efforts under the BlinkForward initiative, including $8 million in annual operating expense reduction and further optimization opportunities, are expected to significantly lower cash burn and improve operating leverage. These actions support the path to eventual profitability.

Think the market knows something you don’t? This valuation leans on bullish revenue projections and assumes big shifts in profitability. What are the key building blocks behind this upside? The catalyst is hidden in a handful of pivotal metrics that could make or break Blink’s future. Tempted to uncover the inside track on this price target?

Result: Fair Value of $2.40 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, stubborn net losses and weak product revenue trends could put Blink’s turnaround narrative in jeopardy if execution or demand falters from this point.

Find out about the key risks to this Blink Charging narrative.

Another View: Discounted Cash Flow Perspective

While the analyst consensus bases its optimism on projected future growth, our SWS DCF model approaches Blink Charging’s value using expected cash flows. This method paints a different picture. Could the outlook be less bullish than it seems?

Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Blink Charging for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Blink Charging Narrative

If you’re seeing things differently, or keen to put your own perspective to the test, you can craft a personalized take in just minutes. Do it your way

A great starting point for your Blink Charging research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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