Ballard Long Term Investments vs Net Invested Capital Analysis

BLDP Stock

USD 2.60 0.13 5.26%

Ballard Power financial indicator trend analysis is way more than just evaluating Ballard Power Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ballard Power Systems is a good investment. Please check the relationship between Ballard Power Long Term Investments and its Net Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Long Term Investments vs Net Invested Capital

Long Term Investments vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ballard Power Systems Long Term Investments account and Net Invested Capital. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Ballard Power's Long Term Investments and Net Invested Capital is 0.96. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Ballard Power Systems, assuming nothing else is changed. The correlation between historical values of Ballard Power's Long Term Investments and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Ballard Power Systems are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Long Term Investments i.e., Ballard Power's Long Term Investments and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.96

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Ballard Power balance sheet that represents investments Ballard Power Systems intends to hold for over a year. Ballard Power Systems long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Ballard Power's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ballard Power Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

At this time, Ballard Power's Discontinued Operations is relatively stable compared to the past year. As of 04/27/2024, Tax Provision is likely to grow to about 165.9 K, while Sales General And Administrative To Revenue is likely to drop 0.16.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	102.0M	145.8M	134.0M	77.2M
Cost Of Revenue	90.5M	96.9M	135.2M	141.9M

Total Operating Expenses Cost Of Revenue

Ballard Power fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Assets	Good Will
Total Assets		0.28	0.95	0.8	1.0	0.82	0.11	-0.99	-0.68	0.44	1.0	0.9	0.78	1.0	0.85	0.9	0.01	0.93	0.5	0.41	0.69	0.86	1.0	0.07	0.71	0.77
Short Long Term Debt Total	0.28		0.29	0.51	0.26	0.32	-0.04	-0.24	-0.4	0.45	0.25	0.43	0.22	0.26	0.3	0.2	0.73	0.23	-0.22	0.35	0.67	0.24	0.26	0.79	0.33	0.13
Other Current Liab	0.95	0.29		0.83	0.94	0.86	0.19	-0.92	-0.77	0.38	0.93	0.88	0.87	0.93	0.88	0.94	0.07	0.94	0.4	0.54	0.73	0.89	0.94	0.12	0.77	0.75
Total Current Liabilities	0.8	0.51	0.83		0.79	0.64	0.46	-0.78	-0.75	0.63	0.78	0.92	0.72	0.78	0.78	0.84	0.33	0.86	0.19	0.5	0.95	0.65	0.79	0.17	0.83	0.57
Total Stockholder Equity	1.0	0.26	0.94	0.79		0.82	0.09	-0.99	-0.66	0.42	1.0	0.89	0.77	1.0	0.84	0.89	-0.01	0.93	0.52	0.39	0.67	0.86	1.0	0.06	0.7	0.76
Property Plant And Equipment Net	0.82	0.32	0.86	0.64	0.82		-0.05	-0.76	-0.75	0.46	0.78	0.76	0.88	0.78	0.83	0.82	-0.06	0.83	0.46	0.54	0.52	0.98	0.8	0.21	0.61	0.7
Current Deferred Revenue	0.11	-0.04	0.19	0.46	0.09	-0.05		-0.11	-0.28	0.07	0.1	0.18	0.18	0.09	0.31	0.37	0.16	0.27	-0.2	0.29	0.45	-0.08	0.11	-0.3	0.42	0.08
Net Debt	-0.99	-0.24	-0.92	-0.78	-0.99	-0.76	-0.11		0.62	-0.39	-1.0	-0.88	-0.72	-1.0	-0.81	-0.86	0.01	-0.9	-0.53	-0.33	-0.66	-0.81	-1.0	-0.03	-0.68	-0.72
Retained Earnings	-0.68	-0.4	-0.77	-0.75	-0.66	-0.75	-0.28	0.62		-0.49	-0.63	-0.79	-0.79	-0.63	-0.77	-0.84	-0.35	-0.79	0.09	-0.89	-0.75	-0.71	-0.65	-0.16	-0.8	-0.57
Accounts Payable	0.44	0.45	0.38	0.63	0.42	0.46	0.07	-0.39	-0.49		0.39	0.62	0.43	0.4	0.43	0.45	0.35	0.53	0.03	0.37	0.64	0.44	0.41	0.12	0.55	0.53
Cash	1.0	0.25	0.93	0.78	1.0	0.78	0.1	-1.0	-0.63	0.39		0.87	0.74	1.0	0.82	0.87	-0.01	0.9	0.52	0.35	0.66	0.82	1.0	0.05	0.68	0.74
Non Current Assets Total	0.9	0.43	0.88	0.92	0.89	0.76	0.18	-0.88	-0.79	0.62	0.87		0.74	0.87	0.77	0.87	0.19	0.92	0.35	0.47	0.84	0.8	0.88	0.13	0.75	0.63
Non Currrent Assets Other	0.78	0.22	0.87	0.72	0.77	0.88	0.18	-0.72	-0.79	0.43	0.74	0.74		0.74	0.9	0.89	-0.04	0.82	0.33	0.57	0.6	0.84	0.76	0.05	0.85	0.57
Cash And Short Term Investments	1.0	0.26	0.93	0.78	1.0	0.78	0.09	-1.0	-0.63	0.4	1.0	0.87	0.74		0.82	0.87	0.0	0.9	0.52	0.36	0.66	0.82	1.0	0.06	0.68	0.75
Net Receivables	0.85	0.3	0.88	0.78	0.84	0.83	0.31	-0.81	-0.77	0.43	0.82	0.77	0.9	0.82		0.93	0.03	0.87	0.3	0.55	0.67	0.78	0.84	0.01	0.84	0.59
Common Stock Shares Outstanding	0.9	0.2	0.94	0.84	0.89	0.82	0.37	-0.86	-0.84	0.45	0.87	0.87	0.89	0.87	0.93		0.03	0.95	0.32	0.61	0.73	0.82	0.88	-0.07	0.86	0.7
Non Current Liabilities Total	0.01	0.73	0.07	0.33	-0.01	-0.06	0.16	0.01	-0.35	0.35	-0.01	0.19	-0.04	0.0	0.03	0.03		0.01	-0.71	0.52	0.6	-0.12	0.0	0.46	0.24	0.08
Inventory	0.93	0.23	0.94	0.86	0.93	0.83	0.27	-0.9	-0.79	0.53	0.9	0.92	0.82	0.9	0.87	0.95	0.01		0.38	0.54	0.74	0.87	0.92	0.02	0.79	0.79
Other Current Assets	0.5	-0.22	0.4	0.19	0.52	0.46	-0.2	-0.53	0.09	0.03	0.52	0.35	0.33	0.52	0.3	0.32	-0.71	0.38		-0.44	-0.06	0.54	0.51	-0.15	0.03	0.24
Other Stockholder Equity	0.41	0.35	0.54	0.5	0.39	0.54	0.29	-0.33	-0.89	0.37	0.35	0.47	0.57	0.36	0.55	0.61	0.52	0.54	-0.44		0.59	0.47	0.37	0.19	0.63	0.53
Total Liab	0.69	0.67	0.73	0.95	0.67	0.52	0.45	-0.66	-0.75	0.64	0.66	0.84	0.6	0.66	0.67	0.73	0.6	0.74	-0.06	0.59		0.51	0.67	0.3	0.78	0.51
Property Plant And Equipment Gross	0.86	0.24	0.89	0.65	0.86	0.98	-0.08	-0.81	-0.71	0.44	0.82	0.8	0.84	0.82	0.78	0.82	-0.12	0.87	0.54	0.47	0.51		0.84	0.17	0.57	0.75
Total Current Assets	1.0	0.26	0.94	0.79	1.0	0.8	0.11	-1.0	-0.65	0.41	1.0	0.88	0.76	1.0	0.84	0.88	0.0	0.92	0.51	0.37	0.67	0.84		0.06	0.7	0.75
Short Term Debt	0.07	0.79	0.12	0.17	0.06	0.21	-0.3	-0.03	-0.16	0.12	0.05	0.13	0.05	0.06	0.01	-0.07	0.46	0.02	-0.15	0.19	0.3	0.17	0.06		0.02	0.08
Other Assets	0.71	0.33	0.77	0.83	0.7	0.61	0.42	-0.68	-0.8	0.55	0.68	0.75	0.85	0.68	0.84	0.86	0.24	0.79	0.03	0.63	0.78	0.57	0.7	0.02		0.52
Good Will	0.77	0.13	0.75	0.57	0.76	0.7	0.08	-0.72	-0.57	0.53	0.74	0.63	0.57	0.75	0.59	0.7	0.08	0.79	0.24	0.53	0.51	0.75	0.75	0.08	0.52

Click cells to compare fundamentals

Ballard Power Account Relationship Matchups

Ballard Power fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Short Long Term Debt Total	19.8M	17.9M	17.1M	15.7M	17.8M	10.1M
Other Current Liab	27.0M	30.4M	54.1M	40.8M	47.5M	49.9M
Total Current Liabilities	64.5M	52.1M	83.2M	73.2M	70.2M	45.9M
Total Stockholder Equity	250.3M	900.9M	1.3B	1.2B	986.1M	1.0B
Property Plant And Equipment Net	42.8M	49.3M	56.1M	82.4M	115.7M	121.5M
Current Deferred Revenue	20.2M	9.9M	12.1M	8.0M	4.6M	6.3M
Net Debt	(128.0M)	(745.6M)	(1.1B)	(898.0M)	(729.5M)	(693.0M)
Retained Earnings	(1.2B)	(1.3B)	(1.4B)	(1.6B)	(1.7B)	(1.6B)
Accounts Payable	14.9M	9.1M	13.7M	20.4M	13.7M	10.6M
Cash	147.8M	763.4M	1.1B	913.7M	747.3M	784.7M
Non Current Assets Total	110.8M	121.3M	211.8M	218.6M	211.7M	120.3M
Non Currrent Assets Other	321K	336K	343K	370K	544.2K	517.0K
Cash And Short Term Investments	147.8M	765.4M	1.1B	915.7M	749.4M	786.9M
Net Receivables	49.3M	56.8M	46.4M	48.7M	58.3M	61.2M
Common Stock Shares Outstanding	232.8M	248.5M	295.3M	298.1M	298.7M	313.6M
Liabilities And Stockholders Equity	340.3M	975.6M	1.4B	1.2B	1.1B	1.1B
Non Current Liabilities Total	25.5M	22.6M	29.6M	15.0M	15.7M	15.5M
Inventory	30.1M	28.5M	51.5M	58.1M	45.6M	47.9M
Other Current Assets	2.3M	3.6M	4.4M	6.0M	7.0M	4.5M
Other Stockholder Equity	290.6M	290.8M	297.8M	300.8M	304.5M	414.4M
Total Liab	90.1M	74.7M	112.7M	88.2M	85.9M	61.4M
Property Plant And Equipment Gross	42.8M	49.3M	122.8M	157.7M	203.2M	213.4M
Total Current Assets	229.5M	854.3M	1.2B	1.0B	860.3M	903.3M
Accumulated Other Comprehensive Income	813K	907K	1.7M	(1.5M)	(2.9M)	(3.1M)
Short Term Debt	2.4M	2.7M	3.2M	3.9M	4.5M	3.7M
Other Assets	321K	336K	343K	370K	333K	316.4K
Intangible Assets	5.7M	3.8M	20.8M	5.2M	1.4M	1.3M
Other Liab	8.2M	7.4M	15.7M	3.2M	2.8M	2.7M
Net Tangible Assets	204.3M	856.8M	1.2B	1.1B	1.3B	1.3B
Common Stock Total Equity	986.5M	1.2B	1.2B	1.9B	2.2B	2.3B
Long Term Investments	21.6M	27.6M	70.3M	66.4M	54.2M	57.0M
Common Stock	1.2B	1.9B	2.4B	2.4B	2.4B	1.3B
Property Plant Equipment	42.8M	49.3M	56.1M	82.4M	74.1M	37.5M

Pair Trading with Ballard Power

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ballard Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ballard Power will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ballard Stock

0.65

Babcock Wilcox Enter Financial Report 8th of May 2024

Pair Corr

Moving against Ballard Stock

0.69	CXT	Crane NXT Financial Report 8th of May 2024	Pair Corr
0.66	EPAC	Enerpac Tool Group Financial Report 19th of June 2024	Pair Corr
0.61	DOV	Dover Earnings Call This Week	Pair Corr
0.59	CR	Crane Company Financial Report 8th of May 2024	Pair Corr
0.59	CMI	Cummins Financial Report 7th of May 2024	Pair Corr

The ability to find closely correlated positions to Ballard Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ballard Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ballard Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ballard Power Systems to buy it.

The correlation of Ballard Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ballard Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ballard Power Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ballard Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ballard Power Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ballard Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ballard Power Systems Stock. Highlighted below are key reports to facilitate an investment decision about Ballard Power Systems Stock:

How To Invest In Ballard

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Is Ballard Stock a good investment?

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What is Ballard Power's Net Worth?

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Largest Specialty Industrial Machinery Companies

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ballard Power Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.

Note that the Ballard Power Systems information on this page should be used as a complementary analysis to other Ballard Power's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for Ballard Stock analysis

When running Ballard Power's price analysis, check to measure Ballard Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.

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Is Ballard Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ballard Power. If investors know Ballard will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ballard Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.48)

Revenue Per Share

0.343

Quarterly Revenue Growth

0.292

Return On Assets

(0.09)

Return On Equity

(0.13)

The market value of Ballard Power Systems is measured differently than its book value, which is the value of Ballard that is recorded on the company's balance sheet. Investors also form their own opinion of Ballard Power's value that differs from its market value or its book value, called intrinsic value, which is Ballard Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ballard Power's market value can be influenced by many factors that don't directly affect Ballard Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ballard Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ballard Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ballard Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ballard Long Term Investments vs Net Invested Capital Analysis

Long Term Investments vs Net Invested Capital

Long Term Investments vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Long Term Investments

Net Invested Capital

Ballard Power fundamental ratios Correlations

Ballard Power Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ballard Power fundamental ratios Accounts

Pair Trading with Ballard Power

Moving together with Ballard Stock

Moving against Ballard Stock

Complementary Tools for Ballard Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity

Total Current Assets	- 1.0	Net Debt
Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 0.99	Total Stockholder Equity
Net Debt	- 0.99	Total Assets
Net Debt	- 0.92	Other Current Liab