Loading...

Blackbaud

Nasdaq:BLKB
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLKB
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Blackbaud has significant price volatility in the past 3 months.
BLKB Share Price and Events
7 Day Returns
1.7%
NasdaqGS:BLKB
2.4%
US Software
1.2%
US Market
1 Year Returns
-26.3%
NasdaqGS:BLKB
25.6%
US Software
3%
US Market
BLKB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Blackbaud (BLKB) 1.7% 2.9% 30.7% -26.3% 30.8% 154.4%
US Software 2.4% 5.5% 19.8% 25.6% 110.4% 139.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • BLKB underperformed the Software industry which returned 25.6% over the past year.
  • BLKB underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
BLKB
Industry
5yr Volatility vs Market
Related Companies

BLKB Value

 Is Blackbaud undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Blackbaud to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Blackbaud.

NasdaqGS:BLKB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BLKB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.141 (1 + (1- 21%) (10.4%))
1.157
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.157 * 5.96%)
9.63%

Discounted Cash Flow Calculation for NasdaqGS:BLKB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Blackbaud is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:BLKB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.63%)
2019 128.08 Analyst x7 116.84
2020 142.63 Analyst x5 118.68
2021 155.90 Analyst x1 118.33
2022 182.20 Analyst x1 126.15
2023 211.30 Analyst x1 133.45
2024 232.91 Est @ 10.23% 134.18
2025 251.48 Est @ 7.98% 132.16
2026 267.59 Est @ 6.4% 128.28
2027 281.77 Est @ 5.3% 123.22
2028 294.53 Est @ 4.53% 117.49
Present value of next 10 years cash flows $1,248.78
NasdaqGS:BLKB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $294.53 × (1 + 2.73%) ÷ (9.63% – 2.73%)
$4,387.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,387.57 ÷ (1 + 9.63%)10
$1,750.18
NasdaqGS:BLKB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,248.78 + $1,750.18
$2,998.95
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,998.95 / 47.30
$63.4
NasdaqGS:BLKB Discount to Share Price
Calculation Result
Value per share (USD) From above. $63.40
Current discount Discount to share price of $78.74
= -1 x ($78.74 - $63.40) / $63.40
-24.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Blackbaud is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Blackbaud's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Blackbaud's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BLKB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.95
NasdaqGS:BLKB Share Price ** NasdaqGS (2019-03-20) in USD $78.74
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.03x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Blackbaud.

NasdaqGS:BLKB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BLKB Share Price ÷ EPS (both in USD)

= 78.74 ÷ 0.95

82.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackbaud is overvalued based on earnings compared to the US Software industry average.
  • Blackbaud is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Blackbaud's expected growth come at a high price?
Raw Data
NasdaqGS:BLKB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 82.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
6.9%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.6x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGS:BLKB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 82.89x ÷ 6.9%

11.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackbaud is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Blackbaud's assets?
Raw Data
NasdaqGS:BLKB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.90
NasdaqGS:BLKB Share Price * NasdaqGS (2019-03-20) in USD $78.74
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:BLKB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BLKB Share Price ÷ Book Value per Share (both in USD)

= 78.74 ÷ 7.90

9.96x

* Primary Listing of Blackbaud.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackbaud is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess Blackbaud's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Blackbaud has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BLKB Future Performance

 How is Blackbaud expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Blackbaud expected to grow at an attractive rate?
  • Blackbaud's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Blackbaud's earnings growth is positive but not above the United States of America market average.
  • Blackbaud's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BLKB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BLKB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 6.9%
NasdaqGS:BLKB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 6.4%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BLKB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BLKB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,232 255 82 1
2022-12-31 1,120 226 60 1
2021-12-31 1,030 200 42 1
2020-12-31 940 195 33 8
2019-12-31 890 179 20 10
NasdaqGS:BLKB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 849 201 45
2018-09-30 845 191 64
2018-06-30 830 188 66
2018-03-31 807 175 71
2017-12-31 788 176 74
2017-09-30 769 177 54
2017-06-30 758 159 50
2017-03-31 747 160 48
2016-12-31 732 154 45
2016-09-30 708 140 31
2016-06-30 684 130 30
2016-03-31 660 132 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Blackbaud's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Blackbaud's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BLKB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Blackbaud Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BLKB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.67 1.67 1.67 1.00
2022-12-31 1.22 1.22 1.22 1.00
2021-12-31 0.86 0.86 0.86 1.00
2020-12-31 0.66 0.92 0.51 4.00
2019-12-31 0.43 0.46 0.39 6.00
NasdaqGS:BLKB Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.95
2018-09-30 1.37
2018-06-30 1.41
2018-03-31 1.51
2017-12-31 1.58
2017-09-30 1.17
2017-06-30 1.09
2017-03-31 1.05
2016-12-31 0.98
2016-09-30 0.67
2016-06-30 0.65
2016-03-31 0.60

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Blackbaud will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Blackbaud's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Blackbaud has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BLKB Past Performance

  How has Blackbaud performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Blackbaud's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Blackbaud's year on year earnings growth rate has been positive over the past 5 years.
  • Blackbaud's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Blackbaud's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
Blackbaud's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Blackbaud Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BLKB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 848.61 44.84 292.70 98.81
2018-09-30 844.61 64.45 291.46 97.74
2018-06-30 829.50 66.11 279.98 95.59
2018-03-31 807.42 70.54 269.40 93.16
2017-12-31 788.49 73.63 257.63 89.91
2017-09-30 769.39 54.28 247.56 89.54
2017-06-30 758.03 50.39 245.78 89.98
2017-03-31 746.63 48.42 242.42 89.86
2016-12-31 731.64 45.40 229.79 89.87
2016-09-30 708.39 30.64 230.56 90.61
2016-06-30 684.14 29.62 217.13 88.66
2016-03-31 660.20 27.60 204.71 86.08
2015-12-31 637.94 25.65 195.83 84.64
2015-09-30 614.88 24.05 184.84 84.92
2015-06-30 600.66 26.52 176.87 84.06
2015-03-31 583.79 28.76 169.91 81.96
2014-12-31 564.42 28.29 162.54 77.18
2014-09-30 546.48 35.26 154.63 70.45
2014-06-30 529.74 34.28 149.68 67.29
2014-03-31 515.82 31.62 147.73 65.71
2013-12-31 503.82 30.47 146.93 65.65
2013-09-30 489.00 21.95 140.40 66.79
2013-06-30 483.61 15.38 145.20 69.44
2013-03-31 468.34 6.49 148.91 67.82
2012-12-31 447.42 6.58 145.25 64.69
2012-09-30 422.41 9.66 144.68 59.83
2012-06-30 395.35 17.05 129.33 52.34
2012-03-31 378.95 28.69 115.69 49.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Blackbaud has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Blackbaud used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • Blackbaud has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Blackbaud's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Blackbaud has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BLKB Health

 How is Blackbaud's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Blackbaud's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Blackbaud's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Blackbaud's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Blackbaud's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Blackbaud Company Filings, last reported 2 months ago.

NasdaqGS:BLKB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 373.78 387.31 30.87
2018-09-30 363.69 425.26 25.35
2018-06-30 348.22 479.81 29.19
2018-03-31 344.32 467.40 25.01
2017-12-31 336.29 438.22 29.98
2017-09-30 276.89 338.28 17.27
2017-06-30 262.09 387.66 17.60
2017-03-31 248.05 356.37 14.22
2016-12-31 247.55 342.56 16.90
2016-09-30 232.72 375.67 16.46
2016-06-30 221.67 401.91 15.26
2016-03-31 213.16 423.50 12.08
2015-12-31 210.59 408.53 15.36
2015-09-30 203.97 242.98 17.56
2015-06-30 195.26 258.38 13.23
2015-03-31 187.88 286.82 13.29
2014-12-31 185.92 280.84 14.74
2014-09-30 184.14 171.14 53.96
2014-06-30 172.98 172.70 24.85
2014-03-31 164.44 173.15 32.55
2013-12-31 161.54 153.34 11.89
2013-09-30 156.67 174.26 16.68
2013-06-30 153.39 195.90 7.30
2013-03-31 149.69 212.10 8.45
2012-12-31 147.68 216.80 13.49
2012-09-30 147.66 246.45 25.58
2012-06-30 146.68 260.53 21.19
2012-03-31 143.76 0.00 45.97
  • Blackbaud's level of debt (103.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (95% vs 103.6% today).
  • Debt is well covered by operating cash flow (52%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
X
Financial health checks
We assess Blackbaud's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Blackbaud has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BLKB Dividends

 What is Blackbaud's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.61%
Current annual income from Blackbaud dividends. Estimated to be 0.62% next year.
If you bought $2,000 of Blackbaud shares you are expected to receive $12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Blackbaud's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Blackbaud's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BLKB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BLKB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.49 1.00
2022-12-31 0.49 1.00
2021-12-31 0.49 1.00
2020-12-31 0.50 3.00
2019-12-31 0.48 4.00
NasdaqGS:BLKB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.480 0.621
2019-02-06 0.480 0.641
2018-11-02 0.480 0.709
2018-10-29 0.480 0.668
2018-04-30 0.480 0.490
2018-02-06 0.480 0.463
2017-10-25 0.480 0.495
2017-08-04 0.480 0.556
2017-07-31 0.480 0.542
2017-02-08 0.480 0.598
2016-11-04 0.480 0.738
2016-11-01 0.480 0.810
2016-08-04 0.480 0.729
2016-08-01 0.480 0.715
2016-05-04 0.480 0.738
2016-04-27 0.480 0.774
2016-02-24 0.480 0.790
2016-02-09 0.480 0.883
2015-11-05 0.480 0.781
2015-10-28 0.480 0.770
2015-08-06 0.480 0.815
2015-07-29 0.480 0.797
2015-05-06 0.480 0.867
2015-04-29 0.480 0.938
2015-02-25 0.480 1.015
2015-02-10 0.480 1.067
2014-07-30 0.480 1.169
2014-04-30 0.480 1.392
2014-02-12 0.480 1.526
2013-10-30 0.480 1.341
2013-07-31 0.480 1.278
2013-05-01 0.480 1.503
2013-02-13 0.480 1.664
2012-11-01 0.480 2.081
2012-08-07 0.480 1.961
2012-05-03 0.480 1.823
2012-02-22 0.480 1.495
2011-11-01 0.480 1.638
2011-08-04 0.480 1.974
2011-05-09 0.480 1.774
2011-02-07 0.480 1.816
2010-11-02 0.440 1.659
2010-07-27 0.440 1.885
2010-04-27 0.440 1.955
2010-02-04 0.440 1.789
2009-10-28 0.400 1.771
2009-07-30 0.400 1.899
2009-04-30 0.400 2.660
2009-03-23 0.400 3.047

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Blackbaud is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Blackbaud is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Blackbaud's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Blackbaud's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Blackbaud's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Blackbaud's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Blackbaud afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Blackbaud has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLKB Management

 What is the CEO of Blackbaud's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Gianoni
COMPENSATION $7,992,151
AGE 57
TENURE AS CEO 5.2 years
CEO Bio

Mr. Michael P. Gianoni, also known as Mike, has been Independent Lead Director of Teradata Corp. since January 15, 2019. He has been the Chief Executive Officer and President of Blackbaud, Inc. since January 13, 2014. Mr. Gianoni oversees strategic direction of Blackbaud Inc. Prior to joining Blackbaud in January 2014, he served as an Executive Vice President and the Group President of Financial Institutions Group at Fiserv, Inc. since January 2010 until December 2013. He was responsible for Digital Channels (Online Banking and Mobile Banking), Investment Services, Lending Services, Risk Management Solutions, Consulting and Output Solutions at Fiserv Inc. He served as President of Investment Services division at Fiserv from December 2007 to 2009 and was responsible for product, technology, sales, finance, operations and strategy. He served as an Executive Vice President of CheckFree Corporation from June 2006 to 2007. He has more than 25 years of diverse business experience in the e-commerce, software and computer manufacturing industries. He has unique knowledge and experience in the technology industry and has experience with nonprofit organizations. He served as the President of Checkfree Investment Services, Inc. He served as Executive Vice President and General Manager of CheckFree Investment Services Inc. from 2005 to December 2007 and also at CheckFree Services Corporation since June 2006. From May 1994 to November 2005, he served as Senior Vice President of DST Systems, Inc. He served as Senior Vicne President of E-Solutions of Dst Output Inc. from 2004 to June 2006. From 2001 to 2004, he served as the Senior Vice President of Client Services & Systems at DST Systems, Inc. He served at DST Systems for 11 years and led the National Client Services & Systems organization. Mr. Gianoni has held management positions in engineering, systems development and sales throughout his 20-year career. He served in a variety of executive leadership roles with Application Systems Group, Sequent Computer Systems, Wang Laboratories, U.S. Design Corporation and Canberra Industries. He has been a Director of Teradata Corporation since January 27, 2015 and Blackbaud, Inc. since January 13, 2014. He serves as a Member of Advisory Board of LifeYield, LLC. Mr. Gianoni has served on several nonprofit boards across several segments, including relief organizations, hospitals, and higher education. He currently is a board member of the International African American Museum. Mr. Gianoni received an AS in electrical engineering at Waterbury State Technical College and a BS with a business concentration from Charter Oak State College. He holds a Master Degree in Business Administration and an honorary Doctorate from the University of New Haven.

CEO Compensation
  • Mike's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Blackbaud management team in years:

7.3
Average Tenure
58
Average Age
  • The average tenure for the Blackbaud management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mike Gianoni

TITLE
President
COMPENSATION
$8M
AGE
57
TENURE
5.2 yrs

Tony Boor

TITLE
Executive VP of Finance & Administration and CFO
COMPENSATION
$4M
AGE
55
TENURE
7.3 yrs

Jon Olson

TITLE
Senior VP & General Counsel
COMPENSATION
$2M
AGE
54
TENURE
10.5 yrs

John Mistretta

TITLE
Executive Vice President of Human Resources
COMPENSATION
$2M
AGE
63
TENURE
13.6 yrs

Kevin Mooney

TITLE
Executive VP & President of General Markets Group
COMPENSATION
$3M
AGE
60
TENURE
10.7 yrs

Brian Boruff

TITLE
Executive Vice President of Partner Ecosystem & Global Alliances
COMPENSATION
$3M
AGE
58
TENURE
3.8 yrs

Steve Halleck

TITLE
Senior Vice President of Business Operations

Mary Westmoreland

TITLE
CTO & Senior VP
TENURE
3.4 yrs

Chuck Longfield

TITLE
Senior VP & Chief Scientist
COMPENSATION
$749K
AGE
61
TENURE
12.2 yrs

Todd Lant

TITLE
Chief Information Officer
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Blackbaud board of directors in years:

7.6
Average Tenure
63.5
Average Age
  • The tenure for the Blackbaud board of directors is about average.
Board of Directors

Andy Leitch

TITLE
Chairman
COMPENSATION
$383K
AGE
75
TENURE
9.7 yrs

Mike Gianoni

TITLE
President
COMPENSATION
$8M
AGE
57
TENURE
5.2 yrs

George Ellis

TITLE
Independent Director
COMPENSATION
$315K
AGE
69
TENURE
13 yrs

Sarah Nash

TITLE
Independent Director
COMPENSATION
$315K
AGE
64
TENURE
8.7 yrs

Pete Kight

TITLE
Independent Director
COMPENSATION
$321K
AGE
62
TENURE
4.3 yrs

Timothy C. Chou

TITLE
Independent Director
COMPENSATION
$297K
AGE
63
TENURE
11.8 yrs

Joyce Nelson

TITLE
Independent Director
COMPENSATION
$305K
AGE
67
TENURE
6.5 yrs

Thomas Ertel

TITLE
Independent Director
AGE
62
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Blackbaud insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Feb 19 Sell Anthony Boor Individual 26. Feb 19 26. Feb 19 -9,606 $77.82 $-747,539
26. Feb 19 Sell Jon Olson Individual 22. Feb 19 22. Feb 19 -10,000 $77.07 $-770,700
21. Feb 19 Sell Michael Gianoni Individual 19. Feb 19 19. Feb 19 -30,000 $76.79 $-2,290,530
19. Feb 19 Sell Michael Gianoni Individual 15. Feb 19 15. Feb 19 -6,763 $77.46 $-523,672
19. Feb 19 Sell Kevin Mooney Individual 14. Feb 19 14. Feb 19 -15,728 $77.59 $-1,220,336
19. Feb 19 Sell Anthony Boor Individual 14. Feb 19 15. Feb 19 -13,585 $77.73 $-1,050,668
14. Feb 19 Sell Joyce Nelson Individual 12. Feb 19 12. Feb 19 -1,000 $76.32 $-76,320
14. Feb 19 Sell Timothy C. Chou Individual 12. Feb 19 12. Feb 19 -750 $77.45 $-58,088
21. Nov 18 Sell Timothy C. Chou Individual 21. Nov 18 21. Nov 18 -1,000 $70.88 $-70,880
21. Nov 18 Sell Sarah Nash Individual 20. Nov 18 20. Nov 18 -1,878 $69.59 $-130,690
07. Nov 18 Sell Joyce Nelson Individual 05. Nov 18 05. Nov 18 -1,000 $73.03 $-73,030
14. Aug 18 Sell Andrew Leitch Individual 10. Aug 18 10. Aug 18 -3,000 $95.72 $-287,160
14. Aug 18 Sell George Ellis Individual 10. Aug 18 13. Aug 18 -2,652 $97.13 $-255,016
14. May 18 Sell Joyce Nelson Individual 10. May 18 10. May 18 -2,000 $101.75 $-203,500
09. May 18 Sell Sarah Nash Individual 03. May 18 03. May 18 -520 $95.64 $-49,733
X
Management checks
We assess Blackbaud's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Blackbaud has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BLKB News

Simply Wall St News

When Should You Buy Blackbaud, Inc. (NASDAQ:BLKB)?

led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

What Can We Learn From Blackbaud, Inc.’s (NASDAQ:BLKB) Investment Returns?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Have Insiders Been Selling Blackbaud, Inc. (NASDAQ:BLKB) Shares?

We don't think shareholders should simply follow insider transactions. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … The Last 12 Months Of Insider Transactions At Blackbaud.

Simply Wall St -

Blackbaud, Inc.'s (NASDAQ:BLKB) Most Important Factor To Consider

What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … I’ve analysed below, the health and outlook of Blackbaud’s cash flow, which will help you understand the stock from a cash standpoint. … What remains after this expenditure, is known as its free cash flow, or FCF, for short.

Simply Wall St -

What Does Blackbaud, Inc.'s (NASDAQ:BLKB) P/E Ratio Tell You?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Blackbaud, Inc.'s (NASDAQ:BLKB) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Blackbaud Inc (NASDAQ:BLKB) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Time To Consider Buying Blackbaud Inc (NASDAQ:BLKB)?

saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $104.91 and falling to the lows of $67.85. … A question to answer is whether Blackbaud's current trading price of $71 reflective of the actual value of the? … Let’s take a look at Blackbaud’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Blackbaud Inc's (NASDAQ:BLKB) Balance Sheet A Threat To Its Future?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Blackbaud Inc (NASDAQ:BLKB), with a market cap of US$3.3b, often get neglected by retail investors. … This article will examine BLKB’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.

Simply Wall St -

Is Blackbaud Inc (NASDAQ:BLKB) Spending Too Much Money?

Today we will examine Blackbaud’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Blackbaud’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … The two ways to assess whether Blackbaud’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

Simply Wall St -

Did Blackbaud Inc's (NASDAQ:BLKB) Recent Earnings Growth Beat The Trend?

In this article, I will take a look at Blackbaud Inc's (NASDAQ:BLKB) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the past few years, along with how the rest of BLKB's industry performed. … Did BLKB's recent earnings growth beat the long-term trend and the industry. … BLKB's trailing twelve-month earnings (from 30 June 2018) of US$66.11m has

Simply Wall St -

BLKB Company Info

Description

Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities. The company offers fundraising and relationship management solutions and services, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate CRM, Blackbaud eTapestry, Blackbaud TeamRaiser, everydayhero, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising; and marketing and engagement solutions, such as Blackbaud Luminate Online, Blackbaud Online Express, Blackbaud NetCommunity, Blackbaud Attentive.ly, and Blackbaud School Website System. It also provides Blackbaud Financial Edge NXT, Blackbaud Smart Tuition, and Blackbaud Smart Aid financial management solutions and services; and Blackbaud Grantmaking, Blackbaud Award Management, FIMS, and Blackbaud Outcomes grant and award management solutions. In addition, the company offers organizational and program management solutions and services comprising Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; and Blackbaud Employee Giving and Blackbaud Employee Volunteering, and YourCause corporate social responsibility solutions. Further, it provides Blackbaud’s SKY Intelligence analytics solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services; and Blackbaud Merchant Services and Blackbaud Purchase Cards payment services. Additionally, the company offers customer support and maintenance, professional and managed, and training services. It has operations primarily in the United States, the United Kingdom, Canada, and Australia. The company was founded in 1981 and is headquartered in Charleston, South Carolina.

Details
Name: Blackbaud, Inc.
BLKB
Exchange: NasdaqGS
Founded: 1981
$3,724,778,770
47,304,785
Website: http://www.blackbaud.com
Address: Blackbaud, Inc.
65 Fairchild Street,
Charleston,
South Carolina, 29492,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BLKB Common Stock Nasdaq Global Select US USD 22. Jul 2004
DB BNK Common Stock Deutsche Boerse AG DE EUR 22. Jul 2004
Number of employees
Current staff
Staff numbers
3,353
Blackbaud employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:01
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/05
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.