Ballard Historical Financial Ratios
| BLDP Stock | USD 1.49 0.02 1.36% |
Ballard Power is presently reporting on over 109 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0, PTB Ratio of 1.06 or Days Sales Outstanding of 147 will help investors to properly organize and evaluate Ballard Power Systems financial condition quickly.
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About Ballard Financial Ratios Analysis
Ballard Power SystemsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Ballard Power investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Ballard financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Ballard Power history.
Ballard Power Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Ballard Power Systems stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Ballard Power sales, a figure that is much harder to manipulate than other Ballard Power Systems multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Revenue Per Share
The amount of revenue generated by a company per share of stock, calculated by dividing total revenue by the average number of shares outstanding.Most ratios from Ballard Power's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Ballard Power Systems current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 unemployment. At this time, Ballard Power's Stock Based Compensation To Revenue is relatively stable compared to the past year. As of 11/30/2024, Inventory Turnover is likely to grow to 4.41, while Days Sales Outstanding is likely to drop 147.47.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 139.04 | 168.1 | 208.82 | 147.47 | PTB Ratio | 2.79 | 1.23 | 1.11 | 1.06 |
Ballard Power fundamentals Correlations
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Ballard Power Account Relationship Matchups
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Ballard Power fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 15.72 | 55.97 | 35.49 | 17.04 | 10.79 | 10.26 | |
| Ptb Ratio | 6.68 | 6.45 | 2.79 | 1.23 | 1.11 | 1.06 | |
| Days Sales Outstanding | 169.29 | 199.56 | 139.04 | 168.1 | 208.82 | 147.47 | |
| Book Value Per Share | 1.07 | 3.63 | 4.5 | 3.89 | 3.32 | 3.3 | |
| Free Cash Flow Yield | (0.0209) | (0.0935) | (0.0168) | (0.009597) | (0.0257) | (0.14) | |
| Stock Based Compensation To Revenue | 0.0258 | 0.03 | 0.0335 | 0.06 | 0.0925 | 0.11 | |
| Capex To Depreciation | 1.96 | 1.85 | 1.7 | 2.58 | 3.06 | 1.63 | |
| Pb Ratio | 6.68 | 6.45 | 2.79 | 1.23 | 1.11 | 1.06 | |
| Ev To Sales | 14.52 | 48.8 | 24.9 | 6.32 | 3.63 | 3.45 | |
| Inventory Turnover | 2.78 | 2.91 | 1.76 | 1.67 | 2.71 | 4.41 | |
| Days Of Inventory On Hand | 131.2 | 125.59 | 207.8 | 218.7 | 134.8 | 100.73 | |
| Payables Turnover | 5.63 | 9.14 | 6.61 | 4.74 | 9.05 | 9.5 | |
| Capex To Revenue | 0.13 | 0.12 | 0.14 | 0.41 | 0.4 | 0.25 | |
| Cash Per Share | 0.63 | 3.08 | 3.82 | 3.07 | 2.52 | 1.91 | |
| Pocfratio | (117.47) | (135.43) | (46.09) | (10.8) | (10.57) | (11.1) | |
| Interest Coverage | (17.98) | (31.59) | (67.99) | (124.24) | (134.19) | (127.48) | |
| Capex To Operating Cash Flow | (0.98) | (0.3) | (0.18) | (0.26) | (0.4) | (0.42) | |
| Pfcf Ratio | (59.35) | (104.2) | (38.97) | (8.57) | (7.57) | (7.95) | |
| Days Payables Outstanding | 64.88 | 39.94 | 55.21 | 77.01 | 40.33 | 38.32 | |
| Income Quality | 1.21 | 1.16 | 0.36 | 0.84 | 1.09 | 0.59 | |
| Roe | (0.0967) | (0.16) | (0.0549) | (0.0861) | (0.15) | (0.19) | |
| Ev To Operating Cash Flow | (108.48) | (118.06) | (32.33) | (4.01) | (3.56) | (3.73) | |
| Pe Ratio | (42.81) | (117.54) | (32.42) | (8.23) | (6.22) | (5.91) | |
| Return On Tangible Assets | (0.0918) | (0.13) | (0.0531) | (0.0844) | (0.15) | (0.18) | |
| Ev To Free Cash Flow | (54.81) | (90.84) | (27.34) | (3.18) | (2.55) | (2.68) | |
| Earnings Yield | (0.0234) | (0.008508) | (0.0308) | (0.12) | (0.16) | (0.17) | |
| Net Debt To E B I T D A | 4.86 | 18.54 | 12.77 | 6.19 | 6.0 | 5.5 | |
| Current Ratio | 3.56 | 16.4 | 14.78 | 14.06 | 12.25 | 12.86 | |
| Tangible Book Value Per Share | 0.88 | 3.45 | 4.21 | 3.65 | 3.18 | 2.53 | |
| Receivables Turnover | 2.16 | 1.83 | 2.63 | 2.17 | 1.75 | 2.71 | |
| Graham Number | 2.01 | 4.03 | 6.26 | 7.14 | 6.67 | 5.54 |
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 against Ballard Stock
| 0.87 | EPAC | Enerpac Tool Group | PairCorr |
| 0.86 | AME | Ametek Inc | PairCorr |
| 0.86 | EMR | Emerson Electric | PairCorr |
| 0.85 | PH | Parker Hannifin | PairCorr |
| 0.8 | CR | Crane Company | 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.Additional Tools for Ballard Stock Analysis
When running Ballard Power's price analysis, check to measure Ballard Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.