Blackbaud
Market Cap
US$3.9b
Last Updated
2020/02/16 23:56 UTC
Data Sources
Company Financials +
Executive Summary
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, individual change agents, and other charitable giving entities.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Blackbaud's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLKB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.9%
BLKB
1.7%
US Software
1.5%
US Market
1 Year Return
4.6%
BLKB
42.3%
US Software
20.1%
US Market
Return vs Industry: BLKB underperformed the US Software industry which returned 42.2% over the past year.
Return vs Market: BLKB underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| BLKB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.7% | 1.5% |
| 30 Day | -0.5% | 7.7% | 1.4% |
| 90 Day | -2.8% | 18.4% | 8.7% |
| 1 Year | 5.2%4.6% | 43.9%42.3% | 22.7%20.1% |
| 3 Year | 12.6%10.8% | 152.8%142.4% | 50.1%40.5% |
| 5 Year | 81.8%75.8% | 224.7%201.5% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Blackbaud's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Investors Who Bought Blackbaud (NASDAQ:BLKB) Shares Five Years Ago Are Now Up 73%3 weeks ago | Simply Wall St
Blackbaud (NASDAQ:BLKB) Has A Somewhat Strained Balance Sheet1 month ago | Simply Wall St
Based On Its ROE, Is Blackbaud, Inc. (NASDAQ:BLKB) A High Quality Stock?Valuation
Is Blackbaud undervalued compared to its fair value and its price relative to the market?
325.79x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BLKB ($81.34) is trading above our estimate of fair value ($29.99)
Significantly Below Fair Value: BLKB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BLKB is poor value based on its PE Ratio (325.8x) compared to the Software industry average (52.1x).
PE vs Market: BLKB is poor value based on its PE Ratio (325.8x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: BLKB is poor value based on its PEG Ratio (8x)
Price to Book Ratio
PB vs Industry: BLKB is overvalued based on its PB Ratio (9.8x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is Blackbaud forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
40.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLKB's forecast earnings growth (40.9% per year) is above the savings rate (1.7%).
Earnings vs Market: BLKB's earnings (40.9% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BLKB's revenue (5.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: BLKB's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BLKB's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Blackbaud performed over the past 5 years?
6.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLKB has a large one-off loss of $5.8M impacting its December 31 2019 financial results.
Growing Profit Margin: BLKB's current net profit margins (1.3%) are lower than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: BLKB's earnings have grown by 6.3% per year over the past 5 years.
Accelerating Growth: BLKB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BLKB had negative earnings growth (-73.4%) over the past year, making it difficult to compare to the Software industry average (17.1%).
Return on Equity
High ROE: BLKB's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Blackbaud's financial position?
Financial Position Analysis
Short Term Liabilities: BLKB's short term assets ($734.5M) do not cover its short term liabilities ($988.8M).
Long Term Liabilities: BLKB's short term assets ($734.5M) exceed its long term liabilities ($607.4M).
Debt to Equity History and Analysis
Debt Level: BLKB's debt to equity ratio (112.8%) is considered high.
Reducing Debt: BLKB's debt to equity ratio has reduced from 151.1% to 112.8% over the past 5 years.
Debt Coverage: BLKB's debt is well covered by operating cash flow (40.8%).
Interest Coverage: BLKB's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Inventory Level: BLKB has a low level of unsold assets or inventory.
Debt Coverage by Assets: BLKB's debt is covered by short term assets (assets are 1.6x debt).
Next Steps
Dividend
What is Blackbaud's current dividend yield, its reliability and sustainability?
0.59%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Blackbaud before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BLKB's dividend (0.59%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BLKB's dividend (0.59%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: BLKB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: BLKB is not paying a notable dividend for the US market, therefore no need to check if payments are 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average management tenure
CEO
Mike Gianoni (58yo)
6.1yrs
Tenure
US$9,289,690
Compensation
Mr. Michael P. Gianoni, also known as Mike, has been Independent Non-Executive Chairman of Teradata Corporation since February 6, 2020. Mr. Gianoni was the Independent Lead Director of Teradata Corporation ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD9.29M) is above average for companies of similar size in the US market ($USD4.88M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$9.29m | 0.49% $19.0m | |
| Executive VP of Finance & Administration and CFO | 8.3yrs | US$3.70m | 0.17% $6.5m | |
| Senior VP | 11.4yrs | US$1.71m | 0.082% $3.2m | |
| Executive VP & President of General Markets Group | 11.6yrs | US$2.69m | 0.14% $5.6m | |
| Executive VP & President of Enterprise Market Group (EMG) - North America | 1.8yrs | US$2.90m | 0.076% $3.0m | |
| Senior Vice President of Business Operations | 0yrs | no data | no data | |
| CTO & Senior VP | 4.3yrs | no data | no data | |
| Senior VP & Chief Scientist | 13.1yrs | US$749.08k | no data | |
| Chief Information Officer | 3.1yrs | no data | no data | |
| Public Relations Manager | 0yrs | no data | no data |
7.2yrs
Average Tenure
57yo
Average Age
Experienced Management: BLKB's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.1yrs | US$9.29m | 0.49% $19.0m | |
| Independent Director | 5.2yrs | US$301.54k | 0.18% $7.1m | |
| Independent Director | 12.7yrs | US$277.13k | 0.044% $1.7m | |
| Independent Director | 13.9yrs | US$298.13k | 0.015% $569.0k | |
| Independent Chairman | 10.6yrs | US$393.13k | 0.050% $1.9m | |
| Independent Director | 7.4yrs | US$287.13k | 0.025% $980.2k | |
| Independent Director | 9.6yrs | US$297.84k | 0.046% $1.8m | |
| Independent Director | 2.2yrs | US$398.33k | 0.013% $506.6k |
8.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: BLKB's board of directors are considered experienced (8.5 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Blackbaud, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Blackbaud, Inc.
- Ticker: BLKB
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Application Software
- Sector: Software
- Market Cap: US$3.894b
- Shares outstanding: 47.88m
- Website: https://www.blackbaud.com
Number of Employees
Location
- Blackbaud, Inc.
- 65 Fairchild Street
- Charleston
- South Carolina
- 29492
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BLKB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2004 |
| BNK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2004 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:56 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.