Ballard Power Systems Inc (BLDP) - Net Assets
Based on the latest financial reports, Ballard Power Systems Inc (BLDP) has net assets worth CA$606.82 Million CAD (≈ $438.97 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$710.46 Million ≈ $513.94 Million USD) and total liabilities (CA$103.64 Million ≈ $74.97 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Ballard Power Systems Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$606.82 Million |
| % of Total Assets | 85.41% |
| Annual Growth Rate | 13.63% |
| 5-Year Change | -25.3% |
| 10-Year Change | 502.96% |
| Growth Volatility | 74.54 |
Ballard Power Systems Inc - Net Assets Trend (1993–2024)
This chart illustrates how Ballard Power Systems Inc's net assets have evolved over time, based on quarterly financial data. Also explore BLDP current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ballard Power Systems Inc (1993–2024)
The table below shows the annual net assets of Ballard Power Systems Inc from 1993 to 2024. For live valuation and market cap data, see BLDP stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$672.99 Million ≈ $486.83 Million |
-32.10% |
| 2023-12-31 | CA$991.22 Million ≈ $717.03 Million |
-14.47% |
| 2022-12-31 | CA$1.16 Billion ≈ $838.34 Million |
-12.75% |
| 2021-12-31 | CA$1.33 Billion ≈ $960.81 Million |
+47.43% |
| 2020-12-31 | CA$900.89 Million ≈ $651.69 Million |
+259.98% |
| 2019-12-31 | CA$250.26 Million ≈ $181.04 Million |
-11.44% |
| 2018-12-31 | CA$282.60 Million ≈ $204.43 Million |
+135.78% |
| 2017-12-31 | CA$119.86 Million ≈ $86.70 Million |
-1.39% |
| 2016-12-31 | CA$121.54 Million ≈ $87.92 Million |
+8.90% |
| 2015-12-31 | CA$111.61 Million ≈ $80.74 Million |
+40.87% |
| 2014-12-31 | CA$79.23 Million ≈ $57.32 Million |
+12.78% |
| 2013-12-31 | CA$70.25 Million ≈ $50.82 Million |
+21.12% |
| 2012-12-31 | CA$58.00 Million ≈ $41.96 Million |
-37.19% |
| 2011-12-31 | CA$92.34 Million ≈ $66.80 Million |
-27.78% |
| 2010-12-31 | CA$127.88 Million ≈ $92.50 Million |
-19.53% |
| 2009-12-31 | CA$158.92 Million ≈ $114.96 Million |
-1.50% |
| 2008-12-31 | CA$161.33 Million ≈ $116.71 Million |
-37.51% |
| 2007-12-31 | CA$258.19 Million ≈ $186.77 Million |
-15.37% |
| 2006-12-31 | CA$305.09 Million ≈ $220.70 Million |
-35.47% |
| 2005-12-31 | CA$472.81 Million ≈ $342.03 Million |
-17.78% |
| 2004-12-31 | CA$575.09 Million ≈ $416.01 Million |
-22.46% |
| 2003-12-31 | CA$741.70 Million ≈ $536.54 Million |
-10.59% |
| 2002-12-31 | CA$829.52 Million ≈ $600.06 Million |
-5.06% |
| 2001-12-31 | CA$873.72 Million ≈ $632.04 Million |
+31.36% |
| 2000-12-31 | CA$665.13 Million ≈ $481.15 Million |
+68.77% |
| 1999-12-31 | CA$394.10 Million ≈ $285.09 Million |
-5.40% |
| 1998-12-31 | CA$416.60 Million ≈ $301.36 Million |
+92.51% |
| 1997-12-31 | CA$216.40 Million ≈ $156.54 Million |
+232.92% |
| 1996-12-31 | CA$65.00 Million ≈ $47.02 Million |
+161.04% |
| 1995-12-31 | CA$24.90 Million ≈ $18.01 Million |
+66.00% |
| 1994-12-31 | CA$15.00 Million ≈ $10.85 Million |
+17.10% |
| 1993-12-31 | CA$12.81 Million ≈ $9.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ballard Power Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 205149331829.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$2.43 Billion | 360.87% |
| Other Comprehensive Income | CA$-4.76 Million | -0.71% |
| Other Components | CA$309.97 Million | 46.06% |
| Total Equity | CA$672.99 Million | 100.00% |
Ballard Power Systems Inc Competitors by Market Cap
The table below lists competitors of Ballard Power Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Camelot Electronics Technology Co. Ltd. A
SHE:301282
|
$875.15 Million |
|
Inwido AB
ST:INWI
|
$875.30 Million |
|
PC Jeweller Limited
NSE:PCJEWELLER
|
$876.39 Million |
|
Zhejiang Zomax Transmission
SHG:603767
|
$876.60 Million |
|
CH. Karnchang Public Company Limited
BK:CK-R
|
$874.67 Million |
|
Chengdu M&S Electronics Technology Co Ltd
SHG:688311
|
$874.58 Million |
|
Eletromidia S.A
SA:ELMD3
|
$874.17 Million |
|
Anhui Estone Materials Technology Co Ltd
SHG:688733
|
$874.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ballard Power Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 991,216,000 to 672,990,000, a change of -318,226,000 (-32.1%).
- Net loss of 324,245,000 reduced equity.
- Share repurchases of 308,000 reduced equity.
- Other comprehensive income decreased equity by 1,803,000.
- Other factors increased equity by 8,130,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-324.25 Million | -48.18% |
| Share Repurchases | CA$308.00K | -0.05% |
| Other Comprehensive Income | CA$-1.80 Million | -0.27% |
| Other Changes | CA$8.13 Million | +1.21% |
| Total Change | CA$- | -32.10% |
Book Value vs Market Value Analysis
This analysis compares Ballard Power Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.05x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CA$0.57 | CA$4.60 | x |
| 1994-12-31 | CA$0.57 | CA$4.60 | x |
| 1995-12-31 | CA$0.78 | CA$4.60 | x |
| 1996-12-31 | CA$1.44 | CA$4.60 | x |
| 1997-12-31 | CA$5.40 | CA$4.60 | x |
| 1998-12-31 | CA$5.79 | CA$4.60 | x |
| 1999-12-31 | CA$4.68 | CA$4.60 | x |
| 2000-12-31 | CA$7.41 | CA$4.60 | x |
| 2001-12-31 | CA$9.16 | CA$4.60 | x |
| 2002-12-31 | CA$7.83 | CA$4.60 | x |
| 2003-12-31 | CA$6.32 | CA$4.60 | x |
| 2004-12-31 | CA$4.85 | CA$4.60 | x |
| 2005-12-31 | CA$3.87 | CA$4.60 | x |
| 2006-12-31 | CA$2.69 | CA$4.60 | x |
| 2007-12-31 | CA$2.25 | CA$4.60 | x |
| 2008-12-31 | CA$1.88 | CA$4.60 | x |
| 2009-12-31 | CA$1.90 | CA$4.60 | x |
| 2010-12-31 | CA$1.53 | CA$4.60 | x |
| 2011-12-31 | CA$1.13 | CA$4.60 | x |
| 2012-12-31 | CA$0.71 | CA$4.60 | x |
| 2013-12-31 | CA$0.72 | CA$4.60 | x |
| 2014-12-31 | CA$0.64 | CA$4.60 | x |
| 2015-12-31 | CA$0.82 | CA$4.60 | x |
| 2016-12-31 | CA$0.76 | CA$4.60 | x |
| 2017-12-31 | CA$0.68 | CA$4.60 | x |
| 2018-12-31 | CA$1.52 | CA$4.60 | x |
| 2019-12-31 | CA$1.07 | CA$4.60 | x |
| 2020-12-31 | CA$3.63 | CA$4.60 | x |
| 2021-12-31 | CA$4.50 | CA$4.60 | x |
| 2022-12-31 | CA$3.89 | CA$4.60 | x |
| 2023-12-31 | CA$3.32 | CA$4.60 | x |
| 2024-12-31 | CA$2.25 | CA$4.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ballard Power Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -464.99%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.16x
- Recent ROE (-48.18%) is below the historical average (-18.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | -18.45% | -21.53% | 0.51x | 1.68x | CA$-3.60 Million |
| 1994 | -24.67% | -27.01% | 0.48x | 1.92x | CA$-5.20 Million |
| 1995 | -21.69% | -35.06% | 0.44x | 1.42x | CA$-7.89 Million |
| 1996 | -6.97% | -23.94% | 0.24x | 1.21x | CA$-10.96 Million |
| 1997 | 0.65% | 8.28% | 0.07x | 1.10x | CA$-20.20 Million |
| 1998 | 0.12% | 3.09% | 0.04x | 1.10x | CA$-40.05 Million |
| 1999 | -13.26% | -223.80% | 0.05x | 1.11x | CA$-89.84 Million |
| 2000 | -8.74% | -208.68% | 0.04x | 1.08x | CA$-122.59 Million |
| 2001 | -11.49% | -158.33% | 0.06x | 1.15x | CA$-179.88 Million |
| 2002 | -17.91% | -162.45% | 0.10x | 1.11x | CA$-230.21 Million |
| 2003 | -16.87% | -104.62% | 0.14x | 1.13x | CA$-199.26 Million |
| 2004 | -30.50% | -215.56% | 0.12x | 1.15x | CA$-232.92 Million |
| 2005 | -18.40% | -161.88% | 0.10x | 1.11x | CA$-134.26 Million |
| 2006 | -59.37% | -363.56% | 0.14x | 1.15x | CA$-211.65 Million |
| 2007 | -22.19% | -87.44% | 0.22x | 1.16x | CA$-83.12 Million |
| 2008 | 21.12% | 57.20% | 0.29x | 1.29x | CA$17.95 Million |
| 2009 | -2.05% | -6.97% | 0.24x | 1.23x | CA$-19.15 Million |
| 2010 | -27.23% | -53.73% | 0.34x | 1.48x | CA$-47.76 Million |
| 2011 | -35.06% | -43.97% | 0.46x | 1.73x | CA$-42.95 Million |
| 2012 | -67.51% | -96.44% | 0.34x | 2.04x | CA$-48.38 Million |
| 2013 | -27.86% | -32.59% | 0.51x | 1.68x | CA$-27.13 Million |
| 2014 | -34.02% | -40.55% | 0.54x | 1.56x | CA$-36.06 Million |
| 2015 | -5.08% | -10.30% | 0.35x | 1.41x | CA$-17.26 Million |
| 2016 | -17.37% | -25.43% | 0.46x | 1.47x | CA$-34.17 Million |
| 2017 | -6.71% | -6.64% | 0.68x | 1.48x | CA$-20.03 Million |
| 2018 | -9.67% | -28.29% | 0.28x | 1.22x | CA$-55.58 Million |
| 2019 | -15.60% | -36.73% | 0.31x | 1.36x | CA$-64.08 Million |
| 2020 | -5.49% | -47.62% | 0.11x | 1.08x | CA$-139.56 Million |
| 2021 | -8.61% | -109.47% | 0.07x | 1.08x | CA$-247.22 Million |
| 2022 | -14.97% | -207.03% | 0.07x | 1.08x | CA$-289.39 Million |
| 2023 | -17.93% | -173.61% | 0.10x | 1.09x | CA$-276.84 Million |
| 2024 | -48.18% | -464.99% | 0.09x | 1.16x | CA$-391.54 Million |
Industry Comparison
This section compares Ballard Power Systems Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $13,489,390
- Average return on equity (ROE) among peers: -9.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ballard Power Systems Inc (BLDP) | CA$606.82 Million | -18.45% | 0.17x | $875.15 Million |
| Braille Energy Systems Inc (BES) | $197.41K | 0.00% | 0.13x | $2.87 Million |
| Eguana Technologies Inc (EGT) | $-6.62 Million | 0.00% | 0.00x | $4.09 Million |
| Electrovaya Inc. (ELVA) | $14.87 Million | -31.21% | 0.12x | $460.84 Million |
| Enerev5 Metals Inc (ENEV) | $-334.65K | 0.00% | 0.00x | $2.02 Million |
| Tantalus Systems Holding Inc (GRID) | $2.32 Million | -72.68% | 14.01x | $252.59 Million |
| Hammond Manufacturing Company Limited (HMM-A) | $46.56 Million | 9.79% | 0.84x | $81.70 Million |
| Hammond Power Solutions Inc (HPS-A) | $44.48 Million | 27.88% | 0.58x | $1.91 Billion |
| Legend Power Systems Inc (LPS) | $-163.04K | 0.00% | 0.00x | $9.75 Million |
| FuelPositive Corp (NHHH) | $20.10 Million | -21.67% | 0.03x | $15.93 Million |
About Ballard Power Systems Inc
Ballard Power Systems Inc. engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary power, and emerging market, such as material handling, off-road, and other applications. It also engages in the delivery of services, including techn… Read more