Ballard Power Systems Inc.Find Ratings Reports
BALLARD POWER SYSTEMS INC's gross profit margin for the third quarter of its fiscal year 2021 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. BALLARD POWER SYSTEMS INC is extremely liquid. Currently, the Quick Ratio is 20.08 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 174.91% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q3 FY21||Q3 FY20|
|Net Sales ($mil)||25.22||25.62|
|Net Income ($mil)||-30.85||-11.76|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||1225.55||361.75|
|Total Assets ($mil)||1446.53||566.51|
|Total Debt ($mil)||17.31||17.57|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||14.86||22.85|
|Return on Assets||-5.88||-8.29|
|Return on Equity||-6.24||-9.06|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||297.62||258.79|
|Div / share||0.0||0.0|
|Book value / share||4.58||1.91|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4137803.0||3074902.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 2.42 indicates a significant discount versus the S&P 500 average of 4.63 and a significant discount versus the subsector average of 4.34. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, BALLARD POWER SYSTEMS INC seems to be trading at a premium to investment alternatives.
|BLDP NM||Peers 25.51||BLDP NM||Peers 21.13|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
BLDP's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
BLDP's P/CF is negative making the measure meaningless.
|BLDP NM||Peers 24.46||BLDP NA||Peers 0.40|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
BLDP's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|BLDP 2.42||Peers 4.34||BLDP -47.36||Peers 29.67|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
BLDP is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, BLDP is expected to significantly trail its peers on the basis of its earnings growth rate.
|BLDP 34.15||Peers 3.08||BLDP -17.65||Peers 11.45|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
BLDP is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
BLDP significantly trails its peers on the basis of sales growth.