Blink Charging Co
NASDAQ:BLNK
Intrinsic Value
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. [ Read More ]
The intrinsic value of one BLNK stock under the Base Case scenario is 6.82 USD. Compared to the current market price of 2.952 USD, Blink Charging Co is Undervalued by 57%.
Valuation Backtest
Blink Charging Co
Run backtest to discover the historical profit from buying and selling BLNK stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Blink Records Historical Year, Targets Positive EBITDA
2023-Q4 Earnings Call
Blink has had a history-making year, with record revenues of $140.6 million in 2023, up 130% from the previous year and sevenfold since 2020. Q4 alone saw revenues of $42.7 million, an 89% increase year-over-year. The company's product and service revenues both soared by 112% and 111%, respectively. Further boosting investor confidence, Blink targets 2024 revenues between $165-$175 million with an approximate 33% gross margin and aims for a positive adjusted EBITDA run rate by December 2024. Despite a Q4 gross profit dip due to warranty and maintenance costs, annual gross profit skyrocketed by 172%, significantly outpacing a 16% reduction in Q4 operating expenses. With a strengthened balance sheet, including $121.7 million in cash, up $85 million year-over-year, and expansive charger deployment, Blink solidifies its foothold for profitable growth while hinting at prominent customer additions.
Balance Sheet Decomposition
Blink Charging Co
Current Assets | 221.7m |
Cash & Short-Term Investments | 121.7m |
Receivables | 45.4m |
Other Current Assets | 54.6m |
Non-Current Assets | 206.8m |
PP&E | 44.9m |
Intangibles | 161.2m |
Other Non-Current Assets | 748k |
Current Liabilities | 69.7m |
Accounts Payable | 31.2m |
Accrued Liabilities | 17.6m |
Other Current Liabilities | 20.9m |
Non-Current Liabilities | 69.4m |
Long-Term Debt | 163k |
Other Non-Current Liabilities | 69.3m |
Earnings Waterfall
Blink Charging Co
Revenue
|
140.6m
USD
|
Cost of Revenue
|
-100.4m
USD
|
Gross Profit
|
40.2m
USD
|
Operating Expenses
|
-145.7m
USD
|
Operating Income
|
-105.4m
USD
|
Other Expenses
|
-98.2m
USD
|
Net Income
|
-203.7m
USD
|
Free Cash Flow Analysis
Blink Charging Co
What is Free Cash Flow?
BLNK Profitability Score
Profitability Due Diligence
Blink Charging Co's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
Score
Blink Charging Co's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
BLNK Solvency Score
Solvency Due Diligence
Blink Charging Co's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Score
Blink Charging Co's solvency score is 51/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
BLNK Price Targets Summary
Blink Charging Co
According to Wall Street analysts, the average 1-year price target for BLNK is 10.71 USD with a low forecast of 3.03 USD and a high forecast of 26.25 USD.
Ownership
BLNK Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
BLNK Price
Blink Charging Co
Average Annual Return | 440.55% |
Standard Deviation of Annual Returns | 962.83% |
Max Drawdown | -96% |
Market Capitalization | 199m USD |
Shares Outstanding | 67 410 000 |
Percentage of Shares Shorted | 31.11% |
BLNK News
Last Important Events
Blink Charging Co
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Blink Charging Co
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. The company is headquartered in Miami Beach, Florida and currently employs 191 full-time employees. The company went IPO on 2008-05-22. The company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services includes its Blink EV charging network (the Blink Network) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE) and other EV-related services. The Blink Network is a cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations, and payment processing. The Blink Network provides property owners, managers, parking companies, and state and municipal entities (Property Partners), among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations.
Contact
IPO
Employees
Officers
The intrinsic value of one BLNK stock under the Base Case scenario is 6.82 USD.
Compared to the current market price of 2.952 USD, Blink Charging Co is Undervalued by 57%.