Blackbaud
Market Cap
US$3.3b
Last Updated
2021/01/28 00:18 UTC
Data Sources
Company Financials +
Executive Summary
Blackbaud, Inc. provides cloud software solutions to nonprofits, foundations, companies, education institutions, healthcare organizations, and individual change agents in the United States and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record and fair value.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BLKB's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
5.6%
BLKB
0.2%
US Software
-2.7%
US Market
1 Year Return
-13.4%
BLKB
43.2%
US Software
21.2%
US Market
Return vs Industry: BLKB underperformed the US Software industry which returned 45.7% over the past year.
Return vs Market: BLKB underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| BLKB | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.6% | 0.2% | -2.7% |
| 30 Day | 19.3% | 0.5% | 1.8% |
| 90 Day | 34.3% | 13.2% | 16.4% |
| 1 Year | -13.3%-13.4% | 44.1%43.2% | 23.9%21.2% |
| 3 Year | -26.9%-27.8% | 129.6%122.4% | 43.7%34.2% |
| 5 Year | 17.0%14.0% | 283.7%263.1% | 124.3%99.2% |
Long-Term 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
5 days ago | Simply Wall St
Are Investors Undervaluing Blackbaud, Inc. (NASDAQ:BLKB) By 29%?2 weeks ago | Simply Wall St
We Think Blackbaud (NASDAQ:BLKB) Is Taking Some Risk With Its Debt1 month ago | Simply Wall St
What Did Blackbaud's (NASDAQ:BLKB) CEO Take Home Last Year?Valuation
Is Blackbaud undervalued compared to its fair value and its price relative to the market?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLKB ($69.18) is trading below our estimate of fair value ($93.39)
Significantly Below Fair Value: BLKB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BLKB is poor value based on its PE Ratio (146.8x) compared to the US Software industry average (57.8x).
PE vs Market: BLKB is poor value based on its PE Ratio (146.8x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: BLKB is poor value based on its PEG Ratio (9.7x)
Price to Book Ratio
PB vs Industry: BLKB is good value based on its PB Ratio (7.6x) compared to the US Software industry average (9.6x).
Next Steps
Future Growth
How is Blackbaud forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLKB's forecast earnings growth (15.2% per year) is above the savings rate (2%).
Earnings vs Market: BLKB's earnings (15.2% per year) are forecast to grow slower than the US market (21.3% per year).
High Growth Earnings: BLKB's earnings are forecast to grow, but not significantly.
Revenue vs Market: BLKB's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: BLKB's revenue is forecast to decline over the next 3 years (-0.2% 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 high quality earnings.
Growing Profit Margin: BLKB's current net profit margins (2.5%) are higher than last year (2.2%).
Past Earnings Growth Analysis
Earnings Trend: BLKB's earnings have declined by 6.3% per year over the past 5 years.
Accelerating Growth: BLKB's earnings growth over the past year (14.3%) exceeds its 5-year average (-6.3% per year).
Earnings vs Industry: BLKB earnings growth over the past year (14.3%) exceeded the Software industry 13.6%.
Return on Equity
High ROE: BLKB's Return on Equity (5.1%) is considered low.
Next Steps
Financial Health
How is Blackbaud's financial position?
Financial Position Analysis
Short Term Liabilities: BLKB's short term assets ($412.7M) do not cover its short term liabilities ($620.3M).
Long Term Liabilities: BLKB's short term assets ($412.7M) do not cover its long term liabilities ($589.1M).
Debt to Equity History and Analysis
Debt Level: BLKB's debt to equity ratio (115.9%) is considered high.
Reducing Debt: BLKB's debt to equity ratio has reduced from 120.8% to 115.9% over the past 5 years.
Debt Coverage: BLKB's debt is well covered by operating cash flow (33.1%).
Interest Coverage: BLKB's interest payments on its debt are well covered by EBIT (3x coverage).
Balance Sheet
Next Steps
Dividend
What is Blackbaud current dividend yield, its reliability and sustainability?
0.69%
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.1yrs
Average management tenure
CEO
Mike Gianoni (59 yo)
7yrs
Tenure
US$11,133,210
Compensation
Mr. Michael P. Gianoni, also known as Mike, has been Independent Non-Executive Chairman of Teradata Corporation since February 6, 2020. Mr. Gianoni was the Independent Lead Director of Teradata Corporation...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD11.13M) is above average for companies of similar size in the US market ($USD5.03M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7yrs | US$11.13m | 0.54% $ 18.1m | |
| Executive VP of Finance & Administration and CFO | 9.17yrs | US$4.41m | 0.22% $ 7.4m | |
| Senior VP | 12.33yrs | US$2.02m | 0.11% $ 3.6m | |
| Executive VP & President of General Markets Group | 12.5yrs | US$3.18m | 0.17% $ 5.8m | |
| Executive VP & President of Enterprise Markets Group | 2.75yrs | US$3.14m | 0.13% $ 4.2m | |
| Senior Vice President of Business Operations | no data | no data | no data | |
| CTO & Senior VP | 5.25yrs | no data | no data | |
| Senior VP & Chief Scientist | 14yrs | US$749.08k | no data | |
| Chief Information Officer | 4yrs | no data | no data | |
| Public Relations Manager | no data | no data | no data | |
| Chief Marketing Officer | 3.33yrs | no data | no data | |
| Chief People Officer | 1yr | no data | no data |
6.1yrs
Average Tenure
58yo
Average Age
Experienced Management: BLKB's management team is seasoned and experienced (6.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7yrs | US$11.13m | 0.54% $ 18.1m | |
| Independent Director | 13.58yrs | US$316.69k | 0.052% $ 1.7m | |
| Independent Director | 14.83yrs | US$336.69k | 0.023% $ 768.9k | |
| Independent Chairman | 11.5yrs | US$456.69k | 0.058% $ 1.9m | |
| Independent Director | 8.33yrs | US$326.69k | 0.041% $ 1.4m | |
| Independent Director | 10.5yrs | US$338.69k | 0.054% $ 1.8m | |
| Independent Director | 3.08yrs | US$321.69k | 0.021% $ 715.7k |
10.5yrs
Average Tenure
66yo
Average Age
Experienced Board: BLKB's board of directors are seasoned and experienced ( 10.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$3.340b
- Shares outstanding: 48.28m
- 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, and individual change agents in the United States and internationa...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/28 00:18 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| 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.