Ballard Historical Income Statement
| BLDP Stock | USD 1.49 0.02 1.36% |
Historical analysis of Ballard Power income statement accounts such as Interest Expense of 1.3 M, Selling General Administrative of 17.8 M or Total Revenue of 69 M can show how well Ballard Power Systems performed in making a profits. Evaluating Ballard Power income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Ballard Power's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Ballard Power Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ballard Power Systems is a good buy for the upcoming year.
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About Ballard Income Statement Analysis
Ballard Power Systems Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Ballard Power shareholders. The income statement also shows Ballard investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Ballard Power Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Ballard Power Systems. It is also known as Ballard Power overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Ballard Power's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 closely tied with the direction of predictive economic indicators such as signals in unemployment. At this time, Ballard Power's Interest Expense is relatively stable compared to the past year. As of 12/02/2024, Other Operating Expenses is likely to grow to about 278.5 M, while Total Revenue is likely to drop slightly above 69 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 102.0M | 145.8M | 141.1M | 77.5M | Cost Of Revenue | 90.5M | 96.9M | 124.2M | 130.4M |
Ballard Power income statement Correlations
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Ballard Power Account Relationship Matchups
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Ballard Power income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | (3.5M) | 7.8M | 9.7M | 11.2M | 13.5M | 9.6M | |
| Interest Expense | 1.4M | 1.3M | 1.3M | 1.3M | 1.2M | 1.3M | |
| Selling General Administrative | 13.5M | 16.5M | 25.0M | 28.9M | 23.9M | 17.8M | |
| Total Revenue | 106.3M | 103.9M | 104.5M | 83.8M | 102.4M | 69.0M | |
| Gross Profit | 22.6M | 21.0M | 14.0M | (13.1M) | (21.8M) | (20.7M) | |
| Other Operating Expenses | 132.1M | 145.0M | 192.5M | 145.8M | 265.3M | 278.5M | |
| Operating Income | (25.8M) | (41.2M) | (88.0M) | (158.9M) | (162.9M) | (154.8M) | |
| Ebit | (25.8M) | (48.0M) | (96.3M) | (156.3M) | (135.8M) | (129.0M) | |
| Research Development | 26.9M | 35.5M | 62.2M | 96.0M | 98.3M | 103.2M | |
| Ebitda | (29.3M) | (40.2M) | (86.7M) | (145.1M) | (122.3M) | (116.2M) | |
| Cost Of Revenue | 83.7M | 82.9M | 90.5M | 96.9M | 124.2M | 130.4M | |
| Total Operating Expenses | 48.4M | 62.1M | 102.0M | 145.8M | 141.1M | 77.5M | |
| Income Before Tax | (39.0M) | (49.3M) | (114.6M) | (177.0M) | (144.1M) | (136.8M) | |
| Total Other Income Expense Net | (13.2M) | (9.6M) | (26.5M) | (15.0M) | 18.9M | 19.8M | |
| Net Income | (39.1M) | (49.5M) | (114.4M) | (173.5M) | (177.7M) | (168.8M) | |
| Income Tax Expense | 20K | 130K | (216K) | (3.5M) | 158K | 150.1K | |
| Net Income From Continuing Ops | (39.1M) | (49.5M) | (114.4M) | (173.5M) | (144.2M) | (137.0M) | |
| Net Income Applicable To Common Shares | (39.1M) | (51.4M) | (114.2M) | (173.5M) | (156.1M) | (148.3M) | |
| Selling And Marketing Expenses | 7.9M | 8.6M | 12.9M | 12.9M | 15.1M | 10.0M | |
| Tax Provision | 20K | 130K | (216K) | (3.5M) | 158K | 165.9K | |
| Net Interest Income | (1.4M) | (1.3M) | (1.6M) | (1.3M) | (1.1M) | (1.2M) | |
| Reconciled Depreciation | 7.5M | 7.6M | 9.8M | 13.4M | 13.5M | 9.7M |
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 against Ballard Stock
| 0.87 | EPAC | Enerpac Tool Group | PairCorr |
| 0.86 | AME | Ametek Inc | PairCorr |
| 0.86 | EMR | Emerson Electric | PairCorr |
| 0.85 | PH | Parker Hannifin | PairCorr |
| 0.8 | CR | Crane Company | PairCorr |
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.Additional 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.