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Ballard Earnings: European Bus Order Drives Backlog Higher; Shares Fairly Valued
We are maintaining our $3/CAD 4 fair value estimate for no-moat Ballard Power Systems following first-quarter results. We view the shares as fairly valued.
Ballard Power Systems Inc BLDP
Bulls Say, Bears Say
Bulls
Ballard has one of the longest histories in fuel cell technology.
Bears
Fuel cells face competition from battery electric technology in transportation end markets (Ballard’s focus).
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News
-
Ballard Reports Q1 2024 Results
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Ballard announces orders for 70 hydrogen fuel cell engines for delivery to Wrightbus in 2024
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Ballard Announces Q1 2024 Results Conference Call
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Toronto Stocks Edge Lower; Ballard Power Rises on Fuel-Cell Order
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Ballard Power's stock rallies on largest order in company history
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Ballard Gets $54 Million in U.S. Investment Tax Credits to Support New Texas Plant
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Ballard announces $54 million of additional funding support, bringing total U.S. federal funding to $94 million for Ballard's fuel cell Gigafactory in Texas
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Ballard announces largest order in company history - 1,000 engines to power Solaris buses across Europe
Trading Information
- Previous Close Price
- CAD 4.10
- Day Range
- CAD 4.32–4.54
- 52-Week Range
- CAD 3.33–7.57
- Bid/Ask
- CAD 4.36 / CAD 4.38
- Market Cap
- CAD 1.31 Bil
- Volume/Avg
- 1.6 Mil / 837,922
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 9.35
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- —
Company Profile
Ballard Power Systems Inc is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company’s principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the US, Europe, and China.
- Sector
- Industrials
- Industry
- Specialty Industrial Machinery
- Stock Style Box
- Small Core
- Total Number of Employees
- 1,173
- Website
- https://www.ballard.com
Competitors
Valuation
|
Metric
|
BLDP
|
CMI
|
BE
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 15.43 | 26.38 |
Price/Book Value | 1.02 | 4.45 | 5.62 |
Price/Sales | 9.35 | 1.24 | 1.94 |
Price/Cash Flow | — | 27.97 | 34.11 |
Price/Earnings
BLDP
CMI
BE
Financial Strength
|
Metric
|
BLDP
|
CMI
|
BE
|
|---|---|---|---|
Quick Ratio | 10.78 | 0.65 | 2.57 |
Current Ratio | 11.66 | 1.18 | 4.45 |
Interest Coverage | −119.55 | 4.70 | −1.82 |
Quick Ratio
BLDP
CMI
BE
Profitability
|
Metric
|
BLDP
|
CMI
|
BE
|
|---|---|---|---|
Return on Assets (Normalized) | −8.59% | 3.38% | −0.57% |
Return on Equity (Normalized) | −9.31% | 11.08% | −3.17% |
Return on Invested Capital (Normalized) | −9.08% | 6.47% | 2.93% |
Return on Assets
BLDP
CMI
BE
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