Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, and other social good entities in the United States and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$73.60|
|52 Week High||US$46.86|
|52 Week Low||US$80.00|
|1 Month Change||5.23%|
|3 Month Change||2.66%|
|1 Year Change||28.31%|
|3 Year Change||4.62%|
|5 Year Change||22.26%|
|Change since IPO||760.82%|
Recent News & Updates
Is Blackbaud, Inc. (NASDAQ:BLKB) Trading At A 48% Discount?
In this article we are going to estimate the intrinsic value of Blackbaud, Inc. ( NASDAQ:BLKB ) by taking the expected...
Blackbaud (NASDAQ:BLKB) Takes On Some Risk With Its Use Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Blackbaud: The Only Thing This Company Offers Is Disappointment
Shares of Blackbaud have continued to gradually creep upward despite a weak second-quarter earnings print. For the second quarter in a row, Blackbaud's revenue declined y/y (despite a technically easier comp against the pandemic period last year). Blackbaud's vertical niche (nonprofits, religious institutions, and educational institutions) may be too limited for the company to grow substantially larger. Blackbaud also faces too much competition from generalist CRM platforms like Salesforce.com.
|BLKB||US Software||US Market|
Return vs Industry: BLKB underperformed the US Software industry which returned 38.1% over the past year.
Return vs Market: BLKB underperformed the US Market which returned 31.1% over the past year.
Stable Share Price: BLKB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BLKB's weekly volatility (4%) has been stable over the past year.
About the Company
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, and other social good entities in the United States and internationally. The company offers fundraising and relationship management solutions, such as Blackbaud Raiser's Edge NXT and Blackbaud CRM, Blackbaud TeamRaiser, Blackbaud Peer-to-Peer Fundraising, and Blackbaud Guided Fundraising and Blackbaud Volunteer Network Fundraising; marketing and engagement solutions, including Blackbaud Luminate Online, Blackbaud Luminate Advocacy, Blackbaud Online Express, and Blackbaud School Website System; and financial management solutions comprising Blackbaud Financial Edge NXT, Blackbaud Tuition Management, and Blackbaud Financial Aid Management. It also provides grant and award management solutions, consisting of Blackbaud Grantmaking, Blackbaud Outcomes, and Blackbaud Award Management; organizational and program management, such as Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, Blackbaud Altru, and Blackbaud Church Management; social responsibility solutions, which includes YourCause Grants Connect and YourCause CSR; Blackbaud Merchant Services and Blackbaud Purchase Cards payment services; and Blackbaud’s Intelligence for Good solutions, as well as donor acquisition, prospect research, data enrichment, and benchmarking and performance management solutions and services.
Blackbaud Fundamentals Summary
|BLKB fundamental statistics|
Is BLKB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BLKB income statement (TTM)|
|Cost of Revenue||US$425.32m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 03, 2021
|Earnings per share (EPS)||-0.046|
|Net Profit Margin||-0.24%|
How did BLKB perform over the long term?See historical performance and comparison
Is Blackbaud undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLKB ($73.6) is trading below our estimate of fair value ($149.04)
Significantly Below Fair Value: BLKB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLKB is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: BLKB 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 BLKB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLKB is overvalued based on its PB Ratio (8.6x) compared to the US Software industry average (7.4x).
How is Blackbaud forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLKB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: BLKB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BLKB's is expected to become profitable in the next 3 years.
Revenue vs Market: BLKB's revenue (3.7% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: BLKB's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLKB's Return on Equity is forecast to be low in 3 years time (10.7%).
How has Blackbaud performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLKB is currently unprofitable.
Growing Profit Margin: BLKB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BLKB is unprofitable, and losses have increased over the past 5 years at a rate of 28.1% per year.
Accelerating Growth: Unable to compare BLKB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLKB is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (24.1%).
Return on Equity
High ROE: BLKB has a negative Return on Equity (-0.54%), as it is currently unprofitable.
How is Blackbaud's financial position?
Financial Position Analysis
Short Term Liabilities: BLKB's short term assets ($691.0M) do not cover its short term liabilities ($877.6M).
Long Term Liabilities: BLKB's short term assets ($691.0M) exceed its long term liabilities ($620.5M).
Debt to Equity History and Analysis
Debt Level: BLKB's debt to equity ratio (134.5%) is considered high.
Reducing Debt: BLKB's debt to equity ratio has reduced from 181.1% to 134.5% over the past 5 years.
Debt Coverage: BLKB's debt is well covered by operating cash flow (38.6%).
Interest Coverage: BLKB's interest payments on its debt are not well covered by EBIT (1.5x coverage).
What is Blackbaud current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BLKB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BLKB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BLKB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BLKB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BLKB is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BLKB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Gianoni (60 yo)
Mr. Michael P. Gianoni, also known as Mike, serves as Director at PhishLabs, Inc. He has been Independent Non-Executive Chairman of Teradata Corporation since February 6, 2020. Mr. Gianoni was the Independ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD9.45M) is above average for companies of similar size in the US market ($USD5.16M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: BLKB's management team is seasoned and experienced (7.8 years average tenure).
Experienced Board: BLKB's board of directors are seasoned and experienced ( 11.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLKB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Blackbaud, Inc.'s employee growth, exchange listings and data sources
- Name: Blackbaud, Inc.
- Ticker: BLKB
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Application Software
- Sector: Software
- Market Cap: US$3.504b
- Shares outstanding: 47.61m
- Website: https://www.blackbaud.com
Number of Employees
- Blackbaud, Inc.
- 65 Fairchild Street
- South Carolina
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 22:53|
|End of Day Share Price||2021/10/22 00:00|
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.