BlackBerry Ltd
TSX:BB
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%.
Valuation Backtest
BlackBerry Ltd
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Fundamental Analysis
BlackBerry's Strategy Shift and Cost Cuts
2024-Q3 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
BB Price
BlackBerry Ltd
Average Annual Return | -12.57% |
Standard Deviation of Annual Returns | 43.5% |
Max Drawdown | -89% |
Market Capitalization | 2.2B CAD |
Shares Outstanding | 639 487 000 |
Percentage of Shares Shorted | 3.01% |
BB News
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.
Sentiment Analysis
BlackBerry Ltd
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.