Ballard Power Systems Stock Fundamentals
| BLDP Stock | CAD 4.77 0.05 1.04% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Ballard Power's long-term financial health and intrinsic value.
Ballard |
Ballard Power Systems Company Current Valuation Analysis
Ballard Power's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Ballard Power Current Valuation | 741.03 M |
Most of Ballard Power's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ballard Power Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, Ballard Power Systems has a Current Valuation of 741.03 M. This is 89.82% lower than that of the Machinery sector and significantly higher than that of the Industrials industry. The current valuation for all Canada stocks is 95.54% higher than that of the company.
Ballard Power Systems Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ballard Power's current stock value. Our valuation model uses many indicators to compare Ballard Power value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ballard Power competition to find correlations between indicators driving Ballard Power's intrinsic value. More Info.Ballard Power Systems is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ballard Power by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ballard Power's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Ballard Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ballard Power's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ballard Power could also be used in its relative valuation, which is a method of valuing Ballard Power by comparing valuation metrics of similar companies.Ballard Power is currently under evaluation in current valuation category among its peers.
Ballard Fundamentals
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.0988 | ||||
| Operating Margin | (1.53) % | ||||
| Current Valuation | 741.03 M | ||||
| Shares Outstanding | 300.58 M | ||||
| Shares Owned By Insiders | 15.47 % | ||||
| Shares Owned By Institutions | 31.38 % | ||||
| Number Of Shares Shorted | 4.5 M | ||||
| Price To Book | 1.67 X | ||||
| Price To Sales | 19.98 X | ||||
| Revenue | 69.73 M | ||||
| Gross Profit | (16.55 M) | ||||
| EBITDA | (136.69 M) | ||||
| Net Income | (324.25 M) | ||||
| Cash And Equivalents | 603.95 M | ||||
| Cash Per Share | 3.37 X | ||||
| Total Debt | 104.32 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 15.16 X | ||||
| Book Value Per Share | 2.12 X | ||||
| Cash Flow From Operations | (108.1 M) | ||||
| Short Ratio | 2.61 X | ||||
| Earnings Per Share | (1.38) X | ||||
| Target Price | 1.77 | ||||
| Number Of Employees | 887 | ||||
| Beta | 1.94 | ||||
| Market Capitalization | 1.45 B | ||||
| Total Asset | 777.31 M | ||||
| Retained Earnings | (2.06 B) | ||||
| Working Capital | 623.29 M | ||||
| Current Asset | 254.02 M | ||||
| Current Liabilities | 37.96 M | ||||
| Net Asset | 777.31 M |
About Ballard Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ballard Power Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ballard Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ballard Power Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada. BALLARD POWER is traded on Toronto Stock Exchange in Canada.
Pair Trading with Ballard Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ballard Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ballard Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Ballard Stock
| 0.76 | VRY | Petro Victory Energy | PairCorr |
| 0.74 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.81 | FAP | abrdn Asia Pacific | PairCorr |
The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ballard Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ballard Power Systems to buy it.
The correlation of Ballard Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ballard Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.