Ballard Power Systems
PEM Fuel Cell Technology.
Launch date
Employees
Market cap
CAD728m
Enterprise valuation
(CAD158m) (Public information from Sep 2024)
Share price
CAD2.4 BLDP.TO
Burnaby British Columbia (HQ)
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 104m | 105m | 83.8m | 102m | 105m | 149m | 227m |
| % growth | (2 %) | 1 % | (20 %) | 22 % | 2 % | 42 % | 52 % |
| EBITDA | (46.2m) | (94.7m) | (149m) | (156m) | (140m) | (117m) | (82.9m) |
| % EBITDA margin | (44 %) | (91 %) | (178 %) | (152 %) | (133 %) | (79 %) | (37 %) |
| Profit | (51.4m) | (114m) | (173m) | (178m) | (151m) | (145m) | (119m) |
| % profit margin | (49 %) | (109 %) | (207 %) | (174 %) | (144 %) | (97 %) | (52 %) |
| EV / revenue | 56.2x | 25.2x | 6.3x | 3.7x | -0.2x | 0.9x | 0.3x |
| EV / EBITDA | -126.5x | -27.8x | -3.6x | -2.4x | 0.2x | -1.2x | -0.8x |
| R&D budget | 35.5m | 62.2m | 96.0m | 98.3m | - | - | - |
| R&D % of revenue | 34 % | 59 % | 115 % | 96 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$4.8m | Grant | ||
| N/A | N/A | IPO | |
* | N/A | $13.0m | Post IPO Equity |
$28.3m | Post IPO Equity | ||
$163m | Post IPO Equity | ||
* | N/A | $550m | Post IPO Equity |
* | $40.0m | Grant | |
| Total Funding | CAD61.1m | ||
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ACQUISITION by Ballard Power Systems Jul 2012
ACQUISITION by Ballard Power Systems Jun 2015
ACQUISITION by Ballard Power Systems Nov 2021
