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BlackBerry Ltd
TSX:BB

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BlackBerry Ltd Logo
BlackBerry Ltd
TSX:BB
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Price: 3.73 CAD 3.32% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

BlackBerry Ltd. engages in providing intelligent security software and services to enterprises and governments. [ Read More ]

The intrinsic value of one BB stock under the Base Case scenario is 3.08 CAD. Compared to the current market price of 3.73 CAD, BlackBerry Ltd is Overvalued by 18%.

Key Points:
BB Intrinsic Value
Base Case
3.08 CAD
Overvaluation 18%
Intrinsic Value
Price
Base Case Scenario

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BlackBerry Ltd

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Fundamental Analysis

BlackBerry's Strategy Shift and Cost Cuts
2024-Q3 Earnings Call

BlackBerry's Strategy Shift and Cost Cuts

In the third quarter, BlackBerry reported a total revenue of $175 million, where IoT contributed $55 million, Cybersecurity $114 million, and Licensing $6 million, with a non-GAAP net profit of $3 million. A major deal in Malaysia boosted revenue, leading to a gross margin improvement to 73%. The company saw a dip in total cash to $271 million and forecasts Q4 revenue between $83 million to $88 million, lower than previous expectations due to delays in large government deals. Shifting strategy, BlackBerry is focusing on separating IoT and Cyber businesses to streamline operations and cut costs, anticipating a $50 million annual cost reduction.

Financials

Balance Sheet Decomposition
BlackBerry Ltd

Current Assets 450m
Cash & Short-Term Investments 210m
Receivables 196m
Other Current Assets 44m
Non-Current Assets 950m
Long-Term Investments 36m
PP&E 63m
Intangibles 760m
Other Non-Current Assets 91m
Current Liabilities 508m
Accounts Payable 17m
Accrued Liabilities 125m
Other Current Liabilities 366m
Non-Current Liabilities 67m
Other Non-Current Liabilities 67m
Efficiency

Earnings Waterfall
BlackBerry Ltd

Revenue
831m USD
Cost of Revenue
-340m USD
Gross Profit
491m USD
Operating Expenses
-547m USD
Operating Income
-56m USD
Other Expenses
-513m USD
Net Income
-569m USD

Free Cash Flow Analysis
BlackBerry Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

BB Profitability Score
Profitability Due Diligence

BlackBerry Ltd's profitability score is 30/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
ROIC is Increasing
Exceptional 1-Year Revenue Growth
Positive Revenue Growth Forecast
30/100
Profitability
Score

BlackBerry Ltd's profitability score is 30/100. The higher the profitability score, the more profitable the company is.

BB Solvency Score
Solvency Due Diligence

BlackBerry Ltd's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
43/100
Solvency
Score

BlackBerry Ltd's solvency score is 43/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

BB Price Targets Summary
BlackBerry Ltd

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

According to Wall Street analysts, the average 1-year price target for BB is 4.19 CAD with a low forecast of 3.03 CAD and a high forecast of 6.83 CAD.

Lowest
Price Target
3.03 CAD
19% Downside
Average
Price Target
4.19 CAD
12% Upside
Highest
Price Target
6.83 CAD
83% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

BB Price
BlackBerry Ltd

1M 1M
+3%
6M 6M
-42%
1Y 1Y
-28%
3Y 3Y
-68%
5Y 5Y
-69%
10Y 10Y
-60%
Annual Price Range
3.73
52w Low
3.37
52w High
7.62
Price Metrics
Average Annual Return -12.57%
Standard Deviation of Annual Returns 43.5%
Max Drawdown -89%
Shares Statistics
Market Capitalization 2.2B CAD
Shares Outstanding 639 487 000
Percentage of Shares Shorted 3.01%

BB Return Decomposition
Main factors of price return

What is price return decomposition?

BB News

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Last Important Events
BlackBerry Ltd

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
BlackBerry Ltd

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Last 90 Days 90D

Company Profile

BlackBerry Ltd Logo
BlackBerry Ltd

Country

Canada

Industry

Technology

Market Cap

2.2B CAD

Dividend Yield

0%

Description

BlackBerry Ltd. engages in providing intelligent security software and services to enterprises and governments. The company is headquartered in Waterloo, Ontario and currently employs 3,325 full-time employees. The firm's segments include Cyber Security, IoT, and Licensing and Other. The Cyber Security segment consists of the Company's BlackBerry Spark software platform, BlackBerry AtHoc, BlackBerry Alert and SecuSUITE. IoT segment consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. This segment includes software licenses, bundled with support, maintenance and professional services. Licensing and Other segment consists of the Company's intellectual property arrangements and settlement awards and its service access fees (SAF) business. The firm leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety and data privacy, endpoint security, endpoint management, encryption and embedded systems.

Contact

ONTARIO
Waterloo
2200 University Ave E
+15198887465.0
https://www.blackberry.com/

IPO

1997-10-28

Employees

3 325

Officers

CEO & Director
Mr. John Joseph Giamatteo
Chief Financial Officer
Mr. Steve Rai
Chief Legal Officer & Corporate Secretary
Mr. Philip Kurtz CFA
President of IoT Business Unit
Mr. Mattias Eriksson
Chief Information Officer
Mr. Jesse Harold
Investor Relations
Mr. Tim Foote
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Senior VP of Corporate Development & COO of BlackBerry Technology Solutions
Mr. Vito Giallorenzo
Senior VP & Chief People Officer
Ms. Jennifer Armstrong-Owen
Chief Government Affairs & Public Policy Officer
Ms. Marjorie Dickman
Chief Information Security Officer
Mr. Arvind Raman
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See Also

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

The intrinsic value of one BB stock under the Base Case scenario is 3.08 CAD.

Is BB stock undervalued or overvalued?

Compared to the current market price of 3.73 CAD, BlackBerry Ltd is Overvalued by 18%.