NYSE:BE

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$4.2b

Last Updated

2021/06/19 02:39 UTC

Data Sources

Company Financials +

Executive Summary

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation in the United States, Japan, China, India, and the Republic of Korea. More Details


Snowflake Analysis

Exceptional growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has Bloom Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BE is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: BE's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-3.5%

BE

-0.2%

US Electrical

-0.2%

US Market


1 Year Return

161.4%

BE

73.0%

US Electrical

39.4%

US Market

Return vs Industry: BE exceeded the US Electrical industry which returned 73% over the past year.

Return vs Market: BE exceeded the US Market which returned 39.4% over the past year.


Shareholder returns

BEIndustryMarket
7 Day-3.5%-0.2%-0.2%
30 Day18.0%5.1%3.1%
90 Day-8.9%3.9%5.6%
1 Year161.4%161.4%75.8%73.0%41.7%39.4%
3 Yearn/a82.7%72.9%59.7%49.9%
5 Yearn/a103.1%87.9%122.6%97.6%

Long-Term Price Volatility Vs. Market

How volatile is Bloom Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bloom Energy undervalued compared to its fair value and its price relative to the market?

700.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: BE ($24.65) is trading above our estimate of fair value ($20.18)

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


Price To Earnings Ratio

PE vs Industry: BE is unprofitable, so we can't compare its PE Ratio to the US Electrical industry average.

PE vs Market: BE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BE is overvalued based on its PB Ratio (700x) compared to the US Electrical industry average (3.8x).


Future Growth

How is Bloom Energy forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

68.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BE's is expected to become profitable in the next 3 years.

Revenue vs Market: BE's revenue (21.6% per year) is forecast to grow faster than the US market (9.4% per year).

High Growth Revenue: BE's revenue (21.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BE's Return on Equity is forecast to be high in 3 years time (38.9%)


Past Performance

How has Bloom Energy performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BE is currently unprofitable.

Growing Profit Margin: BE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BE is unprofitable, but has reduced losses over the past 5 years at a rate of 6.7% per year.

Accelerating Growth: Unable to compare BE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BE is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (1.7%).


Return on Equity

High ROE: BE has a negative Return on Equity (-197.55%), as it is currently unprofitable.


Financial Health

How is Bloom Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BE's short term assets ($584.5M) exceed its short term liabilities ($369.3M).

Long Term Liabilities: BE's short term assets ($584.5M) do not cover its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: BE's debt to equity ratio (1361.6%) is considered high.

Reducing Debt: BE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: BE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Bloom Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BE'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 BE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BE'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 BE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

KR Sridhar (59 yo)

19.25yrs

Tenure

US$6,848,915

Compensation

Dr. KR Sridhar, Ph.D. co-founded Bloom Energy Corporation in 2001 and serves as its Chairman, President and Chief Executive Officer since March 2002. Dr. Sridhar was the Principal of Bloom Energy Corporati...


CEO Compensation Analysis

Compensation vs Market: KR's total compensation ($USD6.85M) is about average for companies of similar size in the US market ($USD5.32M).

Compensation vs Earnings: KR's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BE's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: BE's board of directors are considered experienced (8.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BE insiders have bought more shares than they have sold 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 37.7%.


Top Shareholders

Company Information

Bloom Energy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bloom Energy Corporation
  • Ticker: BE
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: US$4.249b
  • Shares outstanding: 172.39m
  • Website: https://www.bloomenergy.com

Number of Employees


Location

  • Bloom Energy Corporation
  • 4353 North First Street
  • San Jose
  • California
  • 95134
  • United States

Listings


Biography

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation in the United States, Japan, China, India, and the Republic of Korea. The company offers...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/19 02:39
End of Day Share Price2021/06/18 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.