Ballard Power Systems Stock Return On Equity
| BLDP Stock | CAD 1.83 0.04 2.23% |
Ballard Power Systems fundamentals help investors to digest information that contributes to Ballard Power's financial success or failures. It also enables traders to predict the movement of Ballard Stock. The fundamental analysis module provides a way to measure Ballard Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ballard Power stock.
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.18) | (0.19) |
Ballard | Return On Equity |
Ballard Power Systems Company Return On Equity Analysis
Ballard Power's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Ballard Power Return On Equity | -0.37 |
Most of Ballard Power's fundamental indicators, such as Return On Equity, 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.
Ballard Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Ballard Power is extremely important. It helps to project a fair market value of Ballard Stock properly, considering its historical fundamentals such as Return On Equity. Since Ballard Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ballard Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ballard Power's interrelated accounts and indicators.
Click cells to compare fundamentals
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Ballard Total Stockholder Equity
Total Stockholder Equity |
|
Based on the latest financial disclosure, Ballard Power Systems has a Return On Equity of -0.3708. This is 184.27% lower than that of the Machinery sector and significantly lower than that of the Industrials industry. The return on equity for all Canada stocks is 19.61% higher than that of the company.
Ballard Return On Equity 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 Return On Equity 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 return on equity category among its peers.
Ballard Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ballard Power from analyzing Ballard Power's financial statements. These drivers represent accounts that assess Ballard Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ballard Power's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 5.8B | 3.7B | 1.4B | 1.1B | 753.2M | |
| Enterprise Value | 1.5B | 5.1B | 2.6B | 529.9M | 371.8M | 592.5M |
Ballard Fundamentals
| Return On Equity | -0.37 | ||||
| Return On Asset | -0.11 | ||||
| Operating Margin | (3.18) % | ||||
| Current Valuation | (304.49 M) | ||||
| Shares Outstanding | 299.42 M | ||||
| Shares Owned By Insiders | 15.53 % | ||||
| Shares Owned By Institutions | 26.05 % | ||||
| Number Of Shares Shorted | 8.3 M | ||||
| Price To Book | 0.54 X | ||||
| Price To Sales | 5.96 X | ||||
| Revenue | 102.37 M | ||||
| Gross Profit | (13.1 M) | ||||
| EBITDA | (155.93 M) | ||||
| Net Income | (177.72 M) | ||||
| Cash And Equivalents | 913.73 M | ||||
| Cash Per Share | 3.37 X | ||||
| Total Debt | 17.9 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 15.16 X | ||||
| Book Value Per Share | 2.40 X | ||||
| Cash Flow From Operations | (104.57 M) | ||||
| Short Ratio | 10.41 X | ||||
| Earnings Per Share | (1.52) X | ||||
| Target Price | 1.49 | ||||
| Number Of Employees | 1.17 K | ||||
| Beta | 1.75 | ||||
| Market Capitalization | 547.94 M | ||||
| Total Asset | 1.08 B | ||||
| Retained Earnings | (1.74 B) | ||||
| Working Capital | 794.15 M | ||||
| Current Asset | 254.02 M | ||||
| Current Liabilities | 37.96 M | ||||
| Net Asset | 1.08 B |
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.
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
| 0.66 | DELX | DelphX Capital Markets Earnings Call This Week | PairCorr |
Moving against Ballard Stock
| 0.7 | TD-PFI | Toronto Dominion Bank | PairCorr |
| 0.64 | NVDA | NVIDIA CDR | PairCorr |
| 0.42 | CTF-UN | Citadel Income | 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 board of governors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.