Financials Blackbaud, Inc.

Equities

BLKB

US09227Q1004

Software

Real-time Estimate Cboe BZX 10:21:42 2024-05-21 am EDT 5-day change 1st Jan Change
79.23 USD -0.46% Intraday chart for Blackbaud, Inc. +1.82% -8.78%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,815 2,779 3,704 3,055 4,552 4,022 - -
Enterprise Value (EV) 1 4,250 3,274 4,605 3,882 5,301 4,927 4,583 4,474
P/E ratio 318 x 360 x 658 x -66.9 x 2,890 x 70.4 x 45.9 x 39.5 x
Yield 0.6% 0.21% - - - - - -
Capitalization / Revenue 4.23 x 3.04 x 3.99 x 2.89 x 4.12 x 3.41 x 3.16 x 2.99 x
EV / Revenue 4.71 x 3.59 x 4.96 x 3.67 x 4.8 x 4.17 x 3.6 x 3.32 x
EV / EBITDA 22.7 x 13.3 x 18.7 x 14.8 x 14.9 x 12.5 x 10.6 x -
EV / FCF 34.2 x 43 x 28.5 x 29.2 x 39.1 x 18.7 x 15.7 x 15.7 x
FCF Yield 2.92% 2.32% 3.51% 3.42% 2.56% 5.34% 6.37% 6.36%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 47,923 48,279 46,899 51,905 52,507 50,524 - -
Reference price 2 79.60 57.56 78.98 58.86 86.70 79.60 79.60 79.60
Announcement Date 2/10/20 2/8/21 2/22/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 902.4 913.2 927.7 1,058 1,105 1,181 1,272 1,346
EBITDA 1 187.2 245.6 246.2 262.6 356.5 392.8 434.2 -
EBIT 1 151.6 194.8 200.8 202.6 294.1 329.9 370.7 -
Operating Margin 16.8% 21.33% 21.64% 19.15% 26.6% 27.93% 29.14% -
Earnings before Tax (EBT) 1 10.58 21.61 7.083 -55.58 17.64 68.15 128.1 134
Net income 1 11.91 7.717 5.698 -45.41 1.82 59.73 90.82 105.9
Net margin 1.32% 0.85% 0.61% -4.29% 0.16% 5.06% 7.14% 7.86%
EPS 2 0.2500 0.1600 0.1200 -0.8800 0.0300 1.130 1.736 2.015
Free Cash Flow 1 124.1 76.11 161.5 132.8 135.5 263.3 292.2 284.5
FCF margin 13.75% 8.33% 17.41% 12.55% 12.26% 22.29% 22.96% 21.13%
FCF Conversion (EBITDA) 66.3% 30.99% 65.61% 50.58% 38.01% 67.03% 67.29% -
FCF Conversion (Net income) 1,042.25% 986.24% 2,834.47% - 7,445.38% 440.74% 321.69% 268.73%
Dividend per Share 0.4800 0.1200 - - - - - -
Announcement Date 2/10/20 2/8/21 2/22/22 2/13/23 2/12/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 247.9 257.1 264.9 261.3 274.8 261.8 271 277.6 295 279.2 289.2 296 316 300 312.6
EBITDA 1 62.18 55.66 67.01 66.94 67.91 71.3 88.82 97.1 99.26 88.9 97.45 103.4 103.7 95.65 110.2
EBIT 1 49.02 43.41 54.48 49.84 54.85 56.59 74.14 79.59 83.78 72.43 82.2 86.56 88.75 80.58 93.45
Operating Margin 19.77% 16.88% 20.56% 19.07% 19.96% 21.62% 27.35% 28.67% 28.4% 25.94% 28.42% 29.24% 28.09% 26.86% 29.89%
Earnings before Tax (EBT) 1 -10.62 -12.46 -5.789 -11.9 -25.43 -18.6 -8.095 18.09 26.26 3.79 15.7 21.3 27.36 23.61 39.8
Net income 1 -7.057 -10.41 -3.422 -10.32 -21.26 -14.7 2.105 9.017 5.399 5.246 11.52 21.4 26.23 15.01 22.96
Net margin -2.85% -4.05% -1.29% -3.95% -7.74% -5.62% 0.78% 3.25% 1.83% 1.88% 3.98% 7.23% 8.3% 5% 7.34%
EPS 2 -0.1500 -0.2000 -0.0700 -0.2000 -0.4100 -0.2800 0.0400 0.1700 0.1000 0.1000 0.2167 0.4100 0.5000 0.2875 0.4425
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/22/22 5/3/22 8/2/22 11/1/22 2/13/23 5/3/23 8/1/23 10/31/23 2/12/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 435 495 901 827 748 905 561 452
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.325 x 2.016 x 3.66 x 3.15 x 2.099 x 2.304 x 1.293 x -
Free Cash Flow 1 124 76.1 162 133 136 263 292 284
ROE (net income / shareholders' equity) 3.09% 1.88% 25.6% -6.22% 0.23% 8.3% 11.8% 14.2%
ROA (Net income/ Total Assets) 0.66% 0.38% 0.23% -1.52% 0.06% 1.7% 2.7% 3.6%
Assets 1 1,804 2,019 2,505 2,982 2,955 3,514 3,364 2,940
Book Value Per Share - - - - - - - -
Cash Flow per Share 3.780 3.040 4.430 3.950 3.720 - - -
Capex 1 11.5 29.7 11.7 12.3 4.69 5.18 6.5 -
Capex / Sales 1.27% 3.25% 1.26% 1.16% 0.42% 0.44% 0.51% -
Announcement Date 2/10/20 2/8/21 2/22/22 2/13/23 2/12/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
79.6 USD
Average target price
84.29 USD
Spread / Average Target
+5.89%
Consensus
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