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Ballard Power Systems

TOR:BLDP · CA0585861085
Electrical EquipmentSmall

360

8
Profit price79
Owner Earnings Yield1
Dividend Yield1
Price/Sales7
EV / Gross Profit3
Price/Book62
Return on Capital15
Cash Return on Capital20
Return on Equity22
EBIT Margin14
Gross Profitability17
Accruals70
Owner Earnings Margin14
Sales growth71
Profit growth16
Reinvestment19
Price momentum87
Debt load87
Refinancing21
Debt Payback1
Liquidity9
Analyst ratings12
Opinion Changes59
Price Target Upside1
Market mood15
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Ballard Power Systems doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryCanada
IndustryElectrical Equipment
SizeSmall
TypePublic Company
ExchangeTSX
Founded1989
Employees511
Websiteballard.com
ISINCA0585861085
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
CleanTechClimateTechFuel CellsClean EnergyElectric VehicleHydrogenEnergyEnergy EfficiencyFuel CellOil and Gas

Description

Ballard Power Systems Inc. (Ballard) operates as a proton exchange membrane (PEM) fuel cell power system development and commercialization. The company’s principal business is the design, development, manufacture, sale, and service of PEM fuel cell…

Analysis

Weak and unloved

Ballard Power Systems Inc. scores below average on quality and is priced accordingly, a low-conviction position in either direction.

Valuation data is not available for this company.

Growth is solid; the safety picture is stretched. The company scores 6/20 on our value-creation score: not creating value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
8
2023202420252026

All-time high

39

Jan 2025

All-time low

8

Jun 2026

Average rank

26

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
19
8
3
Price/Earnings
100
76
76
—
Price/Book
62
81
75
66
Dividend Yield
1
1
1
1
Value (overall)
43
19
21
23

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →