Ballard Power: Shares Rise on European Bus Order
We maintain our $3/CAD 4 fair value estimates for no-moat Ballard Power Systems following news of a large European bus order. We view shares as fairly valued.
We maintain our $3/CAD 4 fair value estimates for no-moat Ballard Power Systems following news of a large European bus order. We view shares as fairly valued.
Ballard has one of the longest histories in fuel cell technology.
Fuel cells face competition from battery electric technology in transportation end markets (Ballard’s focus).
Metric
|
BLDP
|
BE
|
CMI
|
---|---|---|---|
Price/Earnings (Normalized) | — | 22.27 | 15.11 |
Price/Book Value | 0.81 | 4.36 | 4.72 |
Price/Sales | 7.85 | 1.56 | 1.23 |
Price/Cash Flow | — | 30.57 | 27.16 |
Metric
|
BLDP
|
BE
|
CMI
|
---|---|---|---|
Quick Ratio | 11.50 | 2.25 | 0.65 |
Current Ratio | 12.25 | 3.60 | 1.18 |
Interest Coverage | −129.36 | −2.01 | 4.70 |
Metric
|
BLDP
|
BE
|
CMI
|
---|---|---|---|
Return on Assets (Normalized) | −7.47% | −0.89% | 2.59% |
Return on Equity (Normalized) | −8.06% | −5.09% | 8.41% |
Return on Invested Capital (Normalized) | −7.86% | 2.83% | 4.90% |
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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