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Blink Charging Co
NASDAQ:BLNK

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Blink Charging Co Logo
Blink Charging Co
NASDAQ:BLNK
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Price: 2.952 USD -0.94%
Updated: Mar 28, 2024

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%.

Key Points:
BLNK Intrinsic Value
Base Case
6.82 USD
Undervaluation 57%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Blink Charging Co

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Fundamental Analysis

Blink Records Historical Year, Targets Positive EBITDA
2023-Q4 Earnings Call

Blink Records Historical Year, Targets Positive EBITDA

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

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.

Exceptional 3-Years Revenue Growth
Exceptional Revenue Growth Forecast
Exceptional 1-Year Revenue Growth
ROE is Increasing
33/100
Profitability
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.

Negative Net Debt
Low D/E
Short-Term Solvency
Long-Term Solvency
51/100
Solvency
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

Wall Street analysts forecast BLNK stock price to rise over the next 12 months.

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.

Lowest
Price Target
3.03 USD
3% Upside
Average
Price Target
10.71 USD
263% Upside
Highest
Price Target
26.25 USD
789% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

BLNK Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

BLNK Price
Blink Charging Co

1M 1M
-4%
6M 6M
-3%
1Y 1Y
-60%
3Y 3Y
-92%
5Y 5Y
+2%
10Y 10Y
-93%
Annual Price Range
2.952
52w Low
2.24
52w High
8.65
Price Metrics
Average Annual Return 440.55%
Standard Deviation of Annual Returns 962.83%
Max Drawdown -96%
Shares Statistics
Market Capitalization 199m USD
Shares Outstanding 67 410 000
Percentage of Shares Shorted 31.11%

BLNK Return Decomposition
Main factors of price return

What is price return decomposition?

BLNK News

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Last Important Events
Blink Charging Co

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Sentiment Analysis
Blink Charging Co

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Last 7 Days 7D
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Company Profile

Blink Charging Co Logo
Blink Charging Co

Country

United States of America

Industry

Electrical Equipment

Market Cap

199m USD

Dividend Yield

0%

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

FLORIDA
Miami Beach
407 Lincoln Rd Ste 704
+13055210200.0
https://www.blinkcharging.com/

IPO

2008-05-22

Employees

191

Officers

CEO, President & Director
Mr. Brendan S. Jones
Founder
Mr. Michael D. Farkas
Chief Financial Officer
Mr. Michael P. Rama
Chief Technology Officer
Mr. Harjinder S. Bhade
General Counsel, Executive VP of M&A and Director
Mr. Aviv Hillo Adv., Esq.
Director & Chief Executive Officer of SemaConnect, LLC
Mr. Mahidhar Reddy
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Chief Operating Officer
Mr. Michael C. Battaglia
Vice President of Investor Relations
Mr. Vitalie Stelea
Senior Vice President of Global Marketing
Ms. Jenifer Yokley
President of Blink Europe & Emerging Markets
Mr. Miko de Haan
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See Also

Discover More
What is the Intrinsic Value of one BLNK stock?

The intrinsic value of one BLNK stock under the Base Case scenario is 6.82 USD.

Is BLNK stock undervalued or overvalued?

Compared to the current market price of 2.952 USD, Blink Charging Co is Undervalued by 57%.