Ballard Power Systems Inc. (BLDP) is a publicly traded company in the Industrials — Electrical Equipment & Parts industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ballard Power Systems Inc. specializes in the full lifecycle of proton exchange membrane (PEM) fuel cell technology, encompassing research, production, sales, and ongoing support. Their fuel cell offerings cater to various power applications, including heavy-duty transportation sectors like buses, trucks, trains, and marine vessels, as well as solutions for material handling equipment and critical backup power systems.
Analysis Summary
Ballard Power Systems Inc. reported revenue of $101.1M in the most recent fiscal year, growing at a 5-year CAGR of -0.5%.
Trailing-twelve-month margins: gross margin 16.4%, operating margin -63.7%, net margin -72.7%.
At the current price of $2.10, BLDP has negative trailing earnings (P/E not meaningful) and an ROE of -13.16%. Market capitalisation stands at $633M.
Balance sheet quality for BLDP: current ratio of 9.9, net cash position of $508.2M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Price
| Price | $2.10 |
| Market Cap | $633M |
| Exchange | NASDAQ |
| Country | CA |
Valuation Ratios
| Price / Book | 1.12 |
| EV / EBITDA | -2.88 |
| Dividend Yield | 0.00% |
Profitability
| Return on Equity | -13.16% |
| Return on Invested Capital | -11.29% |
| Return on Assets | -11.93% |
| Gross Margin | 16.38% |
| Operating Margin | -63.68% |
| Net Margin | -72.66% |
Financial Health
| Debt / Equity | 0.04 |
| Current Ratio | 11.19 |
What to look at in Industrials
Aerospace, defence, machinery, transport. Semi-cyclical. Key: backlog, operating margins, and FCF conversion.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — The best indicator of operational discipline in industrials
- ROIC — Quality industrials have ROIC >15% — the rest destroy capital
- FCF conversion — FCF / Net Income — in industrials good >85%
- Net debt / EBITDA — Cyclical industrials with high debt suffer hard in recessions
- Capex / Revenue — Maintaining the machinery. <4% = possible underinvestment (future decline)
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| BLDP | Ballard Power Systems Inc. | $633M | 1.12 | -13.2% | |
| ALGT | Allegiant Travel Company | $2.1B | 57.91 | 0.81 | |
| RDW | Redwire Corp | $2.5B | 1.43 | ||
| 0Y3K.L | Eaton Corp. Plc | $156.2B | 38.33 | 7.25 | 19.6% |
| ETN | Eaton Corporation plc | $154.5B | 38.05 | 7.20 | 19.6% |
| VRT | Vertiv Holdings Co | $92.2B | 52.97 | 19.35 | 42.1% |
| BE | Bloom Energy Corporation | $79.5B | 311.15 | 46.35 | 24.8% |
| 0HF7.L | AMETEK, Inc. | $55.6B |
Price Performance
| 1 month | -14.98% |
| 3 months | -51.95% |
| Year-to-date | -17.32% |
| 1 year | -16.67% |
| 3 years | -47.37% |
52-Week Range
| 52-week High | $6.57 |
| 52-week Low | $1.92 |
| Avg Volume (90d) | 7.1M |
Related companies: ALGT · ASTE · GIC · GRC · GSL · LMB · NVRI
Explore sector: Industrials · Electrical Equipment & Parts
More sections of BLDP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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