Blackline Safety Corp
TSX:BLN

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Blackline Safety Corp Logo
Blackline Safety Corp
TSX:BLN
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Price: 6.85 CAD 3.16% Market Closed
Market Cap: 544.7m CAD
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Intrinsic Value

The intrinsic value of one BLN stock under the Base Case scenario is 4.69 CAD. Compared to the current market price of 6.85 CAD, Blackline Safety Corp is Overvalued by 32%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

BLN Intrinsic Value
4.69 CAD
Overvaluation 32%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Blackline Safety Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
Quarterly
TTM
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TTM

Balance Sheet Decomposition
Blackline Safety Corp

Current Assets 108.3m
Cash & Short-Term Investments 40.8m
Receivables 47.3m
Other Current Assets 20.1m
Non-Current Assets 35.1m
PP&E 17m
Intangibles 6.4m
Other Non-Current Assets 11.7m
Current Liabilities 52.4m
Accounts Payable 20.9m
Other Current Liabilities 31.5m
Non-Current Liabilities 33.5m
Long-Term Debt 15.9m
Other Non-Current Liabilities 17.6m
Efficiency

Earnings Waterfall
Blackline Safety Corp

Revenue
121.6m CAD
Cost of Revenue
-52.7m CAD
Gross Profit
68.9m CAD
Operating Expenses
-85.7m CAD
Operating Income
-16.7m CAD
Other Expenses
-252k CAD
Net Income
-17m CAD

Free Cash Flow Analysis
Blackline Safety Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Blackline Safety reported record revenue of $33.7 million for Q3 2024, up 36% year-over-year. This marks the 30th consecutive quarter of growth since 2017. The company achieved positive adjusted EBITDA of $0.8 million, a remarkable turnaround from the previous year's $3.8 million loss. Gross profit surged 48% to $19.9 million. Service revenue grew 34% year-over-year to $18.2 million, driven by significant customer expansions, while the U.S. market and international segments grew by 34% and 212%, respectively. Operating costs relative to revenue dropped from 126% to 67%, reflecting enhanced cost control. Blackline ended the quarter with a robust balance sheet, including $40.8 million in cash and short-term investments, positioning the company well for future growth.

What is Earnings Call?
Fundamental Scores

BLN Profitability Score
Profitability Due Diligence

Blackline Safety Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Gross Profit
ROIC is Increasing
Exceptional Revenue Growth Forecast
32/100
Profitability
Score

Blackline Safety Corp's profitability score is 32/100. The higher the profitability score, the more profitable the company is.

BLN Solvency Score
Solvency Due Diligence

Blackline Safety Corp's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

Low D/E
Negative Net Debt
Short-Term Solvency
Long-Term Solvency
58/100
Solvency
Score

Blackline Safety Corp's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

BLN Price Targets Summary
Blackline Safety Corp

Wall Street analysts forecast BLN stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BLN is 7.52 CAD with a low forecast of 6.57 CAD and a high forecast of 8.93 CAD.

Lowest
Price Target
6.57 CAD
4% Downside
Average
Price Target
7.52 CAD
10% Upside
Highest
Price Target
8.93 CAD
30% Upside
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Dividends

Blackline Safety Corp
does not pay dividends
Shareholder Yield

Current shareholder yield for BLN is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

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Profile

Blackline Safety Corp Logo
Blackline Safety Corp

Country

Canada

Industry

Commercial Services & Supplies

Market Cap

552.9m CAD

Dividend Yield

0%

Description

Blackline Safety Corp. is a technology company, which engages in developing, manufacturing, and marketing products and services for employee monitoring. The company is headquartered in Calgary, Alberta and currently employs 481 full-time employees. The company went IPO on 2007-05-24. The firm develops, manufactures and markets a suite of safety wearables and cloud-connected services to protect workers at the jobs and support businesses undergoing digital transformation. Its technology enables businesses with real-time safety insights to manage emergency responses and evacuations, and manage gas detection compliance. The firm's operates through two segments: products and services. Product includes connected safety monitoring hardware devices and accessories that are sold to a range of industries and geographic locations. Service include monitoring and support services that are provided to customers for safety devices. The firm also offers a platform comprised of smart safety clothing, a cloud-connected safety wearable, personal area networking, sensor partnerships, user portal, software infrastructure and data analytics.

Contact

ALBERTA
Calgary
Unit 100, 803 24 Avenue SE
+14034510327.0
www.blacklinesafety.com

IPO

2007-05-24

Employees

481

Officers

Chairman of the Board & CEO
Mr. Cody Z. Slater
Chief Growth Officer & President
Mr. Sean Stinson
Chief Operating Officer
Mr. Kevin Meyers
Chief Product & Marketing Officer
Ms. Christine Gillies
Corporate Secretary & Independent Director
Mr. Michael F. Hayduk LLM
Co-Founder and Chief Partnership & Information Officer
Mr. Brendon Cook
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Chief Financial Officer
Ms. Robin Kooyman C.F.A., M.B.A.
Vice President of Accounting & Corporate Controller
Ms. Elisa Khuong C.A., CPA
Vice President of International Sales
Mr. Peter Attalla
Chief People Officer
Ms. Meaghan Whitney
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See Also

Discover More
What is the Intrinsic Value of one BLN stock?

The intrinsic value of one BLN stock under the Base Case scenario is 4.69 CAD.

Is BLN stock undervalued or overvalued?

Compared to the current market price of 6.85 CAD, Blackline Safety Corp is Overvalued by 32%.

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