Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 1.69
BBRY's Cash to Debt is ranked higher than
55% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.14 vs. BBRY: 1.69 )
Ranked among companies with meaningful Cash to Debt only.
BBRY' s 10-Year Cash to Debt Range
Min: 1.55   Max: No Debt
Current: 1.69

Equity to Asset 0.52
BBRY's Equity to Asset is ranked higher than
54% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.50 vs. BBRY: 0.52 )
Ranked among companies with meaningful Equity to Asset only.
BBRY' s 10-Year Equity to Asset Range
Min: 0.48   Max: 0.98
Current: 0.52

0.48
0.98
F-Score: 6
Z-Score: 2.07
M-Score: -4.57
WACC vs ROIC
10.61%
122.57%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) -12.83
BBRY's Operating margin (%) is ranked lower than
70% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.24 vs. BBRY: -12.83 )
Ranked among companies with meaningful Operating margin (%) only.
BBRY' s 10-Year Operating margin (%) Range
Min: -105.14   Max: 28.81
Current: -12.83

-105.14
28.81
Net-margin (%) -8.84
BBRY's Net-margin (%) is ranked lower than
66% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.75 vs. BBRY: -8.84 )
Ranked among companies with meaningful Net-margin (%) only.
BBRY' s 10-Year Net-margin (%) Range
Min: -86.2   Max: 21.53
Current: -8.84

-86.2
21.53
ROE (%) -8.40
BBRY's ROE (%) is ranked lower than
63% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.93 vs. BBRY: -8.40 )
Ranked among companies with meaningful ROE (%) only.
BBRY' s 10-Year ROE (%) Range
Min: -95.71   Max: 41.87
Current: -8.4

-95.71
41.87
ROA (%) -4.34
BBRY's ROA (%) is ranked lower than
64% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.74 vs. BBRY: -4.34 )
Ranked among companies with meaningful ROA (%) only.
BBRY' s 10-Year ROA (%) Range
Min: -59.97   Max: 30.19
Current: -4.34

-59.97
30.19
ROC (Joel Greenblatt) (%) -60.71
BBRY's ROC (Joel Greenblatt) (%) is ranked lower than
74% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.70 vs. BBRY: -60.71 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
BBRY' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -333.54   Max: 162.98
Current: -60.71

-333.54
162.98
Revenue Growth (3Y)(%) -39.10
BBRY's Revenue Growth (3Y)(%) is ranked lower than
60% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: -11.70 vs. BBRY: -39.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
BBRY' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0   Max: 93.1
Current: -39.1

0
93.1
EBITDA Growth (3Y)(%) -51.90
BBRY's EBITDA Growth (3Y)(%) is ranked higher than
58% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. BBRY: -51.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
BBRY' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 188.4
Current: -51.9

0
188.4
» BBRY's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

BBRY Guru Trades in Q2 2014

Jim Simons 49,200 sh (New)
Kahn Brothers 1,670,450 sh (+271.21%)
PRIMECAP Management 56,617,257 sh (+3.20%)
Prem Watsa 46,654,700 sh (unchged)
Andreas Halvorsen 3,888,791 sh (unchged)
Chuck Royce 8,000 sh (unchged)
Francis Chou 529,040 sh (unchged)
John Griffin 1,172,500 sh (unchged)
Charles Brandes 13,000 sh (-44.25%)
Jeremy Grantham 613,300 sh (-90.84%)
» More
Q3 2014

BBRY Guru Trades in Q3 2014

Jim Simons 564,443 sh (+1047.24%)
PRIMECAP Management 58,290,957 sh (+2.96%)
Prem Watsa 46,654,700 sh (unchged)
Charles Brandes 13,000 sh (unchged)
Chuck Royce 8,000 sh (unchged)
Francis Chou 529,040 sh (unchged)
Andreas Halvorsen Sold Out
John Griffin Sold Out
Kahn Brothers 1,556,050 sh (-6.85%)
Jeremy Grantham 455,500 sh (-25.73%)
» More
Q4 2014

BBRY Guru Trades in Q4 2014

Paul Tudor Jones 70,343 sh (New)
Jim Simons 3,273,943 sh (+480.03%)
Chuck Royce 10,000 sh (+25.00%)
Kahn Brothers 1,846,010 sh (+18.63%)
PRIMECAP Management 60,476,157 sh (+3.75%)
Prem Watsa 46,654,700 sh (unchged)
Charles Brandes 13,000 sh (unchged)
Francis Chou 529,040 sh (unchged)
Jeremy Grantham 67,300 sh (-85.23%)
» More
Q1 2015

BBRY Guru Trades in Q1 2015

Joel Greenblatt 38,811 sh (New)
Kahn Brothers 2,359,528 sh (+27.82%)
Jim Simons 3,703,600 sh (+13.12%)
PRIMECAP Management 63,971,557 sh (+5.78%)
Prem Watsa 46,699,700 sh (+0.10%)
Chuck Royce 10,000 sh (unchged)
Francis Chou 529,040 sh (unchged)
Paul Tudor Jones Sold Out
Charles Brandes Sold Out
Jeremy Grantham 39,000 sh (-42.05%)
» More
» Details

Insider Trades

Latest Guru Trades with BBRY

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on BlackBerry Ltd

Prem Watsa Comments on BlackBerry - Mar 11, 2014

No sooner had the ink dried (almost!) after I wrote to you in last year's Annual Report about BlackBerry (BBRY), than BlackBerry became a daily headline. The Board of Directors of BlackBerry decided to form a Special Committee to look at all options for the company. As we were the biggest shareholder in the company (almost 10%) and were potentially conflicted by my being on the Board, I decided to resign as a director so we could review all our options. On September 23, 2013, Fairfax made an offer to take BlackBerry private at $9 per share, subject to a six-week due diligence period. To do our due diligence, we hired a very experienced team led by Sanjay Jha, who ran Motorola, Sandeep Chennakeshu, who was President of Ericsson Mobile Platforms, and John Bucher, who was Chief Strategy Officer at Motorola Mobility. Briefly stated, their conclusions were simply: 1) the company had excellent assets, 2) the management teams had made many mistakes along the way, and 3) the company could not afford high cost LBO debt. For the first time in our history, our due diligence resulted in our not being able to complete an announced deal. After discussions with the Special Committee, led by its Chair Tim Dattels, instead of continuing with a go-private transaction, we proposed to raise $1.25 billion for BlackBerry in the form of 6% seven-year convertible debentures (convertible at $10 per share into BlackBerry stock) and proposed that John Chen be concurrently appointed as Executive Chairman of BlackBerry.

John Chen has an extraordinary background. After immigrating to the U.S. from Hong Kong at the age of 16, John gained a Bachelor's degree in electrical engineering from Brown and a Master's from Caltech. He then trained at Burroughs (Unisys), turned around Pyramid Technology Corp., and then very successfully resurrected Sybase and ran it profitably for about 15 years. When John took over Sybase in 1998, it had lost money for four years, its stock price

was down 90% (ring a bell?) and most analysts were predicting bankruptcy within six months. Within a year, Sybase was profitable and in 2010, 12 years later, SAP came knocking to buy it at $65 per share, more than ten times the $5 – $6 per share it sold at when John took it over! John has also been on the Board of Wells Fargo for eight years and Disney for ten years.

Since his appointment as Executive Chairman at BlackBerry in November 2013, John has bolstered the management team (mainly with people he has worked with), done a joint venture with FoxConn to manufacture low cost phones for emerging markets, brought back the ''BB Classic'' phone (the Q20) and publicly said that BlackBerry would break even by the fourth quarter of fiscal 2015 (i.e., the quarter ending January 2015). John is on his way – and all BlackBerry shareholders are fortunate that he decided to take the job of saving Canada's iconic technology company. I must also say, BlackBerry would not have survived if not for the extraordinary leadership of Tim Dattels as Chair of the Special Committee. You may understand why I say this if you read the recent book on Nortel's bankruptcy ''100 Days: The rush to judgment that killed Nortel'', by James Bagnall.

We purchased $500 million of the BlackBerry convertible debentures and have said that we would sell some of our common shares over time to rebalance our position (we have sold 5 million shares at about $10 per share as of this writing). The rest of the convertible debentures were purchased by six contrarian long term investors, of whom four were Canadian.

Interestingly, Twitter went public, just after BlackBerry announced its convertible debt issue, at $26 per share, giving it a market value of $18 billion. It had revenues of $665 million and losses of $645 million, and most investors could not get a single share unless they were very good clients of the major houses underwriting the issue. On that day, BlackBerry traded in excess of 100 million shares at $6 per share, giving it a market value of $3 billion. BlackBerry had revenues of approximately $8 billion with cash of $2.6 billion and no debt other than the new convertible debt to be issued. If you thought that Twitter was grossly overvalued at $26 per share, it promptly doubled and currently is selling at $55 per share, with a market value of $39 billion.

Twitter is no exception – please see the recently compiled table below to see the extraordinary speculation in high tech companies. This sort of speculation will end just like the previous tech boom in 1999 – 2000 – very badly!



From Prem Watsa (Trades, Portfolio)'s annual 2013 letter to shareholders.

Check out Prem Watsa latest stock trades

Donald Yacktman Comments on BlackBerry - Sep 09, 2013

Blackberry (BBRY)’s shares, which represent a small position in the funds, fell sharply at the end of June after the company reported sales of its new phones lagged expectations. In the previous two quarters we used the sharp price rise to significantly reduce our holding in Blackberry, which helped cushion the decline.

From the Yacktman Funds' second quarter 2013 commentary.
Check out Donald Yacktman latest stock trades

Top Ranked Articles about BlackBerry Ltd

Irving Kahn Adds to Stakes in Three Companies in Q4
Kahn Brothers, which Irving Kahn (Trades, Portfolio) and his brothers founded in 1978, follows Benjamin Graham’s investing philosophies and generally likes to invest in undervalued equity securities. Kahn takes a similar approach to his personal investments. Read more...
Can The New Passport Improve Blackberry’s Tainted Image?
The Canadian mobile maker, Blackberry (BBRY) is currently witnessing a drop in its handset sales amid intense competition from rivals like Apple (AAPL), Samsung (SSNLF) and Google (GOOG). But the company still has the will to fight back and is investing in the Passport, a new smartphone expected to hit the market this month. Can the new offering help the company see some revival in sales? Let’s dig into the matter to find the answer. Read more...

Ratios

vs
industry
vs
history
Forward P/E 625.00
BBRY's Forward P/E is ranked higher than
51% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. BBRY: 625.00 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.60
BBRY's P/B is ranked higher than
58% of the 591 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. BBRY: 1.60 )
Ranked among companies with meaningful P/B only.
BBRY' s 10-Year P/B Range
Min: 0.35   Max: 19.96
Current: 1.6

0.35
19.96
P/S 1.60
BBRY's P/S is ranked lower than
67% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.06 vs. BBRY: 1.60 )
Ranked among companies with meaningful P/S only.
BBRY' s 10-Year P/S Range
Min: 0.22   Max: 16.28
Current: 1.6

0.22
16.28
PFCF 5.30
BBRY's PFCF is ranked higher than
95% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. BBRY: 5.30 )
Ranked among companies with meaningful PFCF only.
BBRY' s 10-Year PFCF Range
Min: 4.73   Max: 205.56
Current: 5.3

4.73
205.56
POCF 4.38
BBRY's POCF is ranked higher than
94% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 154.00 vs. BBRY: 4.38 )
Ranked among companies with meaningful POCF only.
BBRY' s 10-Year POCF Range
Min: 1.06   Max: 121.39
Current: 4.38

1.06
121.39
Current Ratio 3.06
BBRY's Current Ratio is ranked higher than
77% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.78 vs. BBRY: 3.06 )
Ranked among companies with meaningful Current Ratio only.
BBRY' s 10-Year Current Ratio Range
Min: 2.06   Max: 42.74
Current: 3.06

2.06
42.74
Quick Ratio 2.97
BBRY's Quick Ratio is ranked higher than
83% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.37 vs. BBRY: 2.97 )
Ranked among companies with meaningful Quick Ratio only.
BBRY' s 10-Year Quick Ratio Range
Min: 1.78   Max: 38.04
Current: 2.97

1.78
38.04
Days Inventory 28.98
BBRY's Days Inventory is ranked higher than
86% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 87.28 vs. BBRY: 28.98 )
Ranked among companies with meaningful Days Inventory only.
BBRY' s 10-Year Days Inventory Range
Min: 21.17   Max: 275.68
Current: 28.98

21.17
275.68
Days Sales Outstanding 60.77
BBRY's Days Sales Outstanding is ranked higher than
72% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 94.15 vs. BBRY: 60.77 )
Ranked among companies with meaningful Days Sales Outstanding only.
BBRY' s 10-Year Days Sales Outstanding Range
Min: 48.55   Max: 409.65
Current: 60.77

48.55
409.65

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 24.70
BBRY's Price/Net Current Asset Value is ranked higher than
55% of the 591 Companies
in the Global Communication Equipment industry.

( Industry Median: 9999.00 vs. BBRY: 24.70 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
BBRY' s 10-Year Price/Net Current Asset Value Range
Min: 1.94   Max: 37
Current: 24.7

1.94
37
Price/Tangible Book 2.60
BBRY's Price/Tangible Book is ranked higher than
50% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.90 vs. BBRY: 2.60 )
Ranked among companies with meaningful Price/Tangible Book only.
BBRY' s 10-Year Price/Tangible Book Range
Min: 0.56   Max: 31.76
Current: 2.6

0.56
31.76
Price/DCF (Projected) 0.60
BBRY's Price/DCF (Projected) is ranked higher than
94% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 9.80 vs. BBRY: 0.60 )
Ranked among companies with meaningful Price/DCF (Projected) only.
BBRY' s 10-Year Price/DCF (Projected) Range
Min: 0.35   Max: 20.81
Current: 0.6

0.35
20.81
Price/Median PS Value 0.70
BBRY's Price/Median PS Value is ranked higher than
87% of the 611 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.20 vs. BBRY: 0.70 )
Ranked among companies with meaningful Price/Median PS Value only.
BBRY' s 10-Year Price/Median PS Value Range
Min: 0.16   Max: 44.3
Current: 0.7

0.16
44.3
Earnings Yield (Greenblatt) -9.30
BBRY's Earnings Yield (Greenblatt) is ranked lower than
72% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.90 vs. BBRY: -9.30 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
BBRY' s 10-Year Earnings Yield (Greenblatt) Range
Min: -9.3   Max: 47.3
Current: -9.3

-9.3
47.3
Forward Rate of Return (Yacktman) -7.88
BBRY's Forward Rate of Return (Yacktman) is ranked higher than
75% of the 612 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.00 vs. BBRY: -7.88 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) only.
BBRY' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.4   Max: 106.5
Current: -7.88

-10.4
106.5

Analyst Estimate

Feb16 Feb17 Feb18
EPS($) -0.06 -0.02 -0.25
EPS without NRI($) -0.06 -0.02 -0.25

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, QCOM, CSCO, ERIC, NOK » details
Traded in other countries:BB.Canada, RI1.Germany, BBRYN.Mexico, BBRY.Argentina, 0R0P.UK, BB.Switzerland,
BlackBerry Ltd, formerly Research in Motion Ltd was incorporated under the Business Corporations Act (Ontario) on March 7, 1984 and commenced operations at that time. Through the development of integrated hardware, software and services that support multiple wireless network standards, the Company provides platforms and solutions for seamless access to information, including email, voice, instant messaging, short message service, internet and intranet-based applications and browsing. The Company's technology also enables third party developers and manufacturers to enhance their products and services through software development kits, wireless connectivity to data and third-party support programs. The Company's portfolio of products, services and embedded technologies are used by thousands of organizations and millions of consumers and include the BlackBerry wireless solution, the BlackBerry Wireless Handheld product line, software development tools and other software and hardware. The Company sells an integrated BlackBerry wireless communications platform solution, which includes the sale of BlackBerry handheld devices and the provision of data communication, compression and security infrastructure services, which enable BlackBerry handheld wireless devices to send and receive wireless messages and data.
» More Articles for BBRY

Headlines

Articles On GuruFocus.com
BlackBerry Downsizing Headcount For A Better Future May 27 2015 
Will BlackBerry Get Acquired By Microsoft? May 27 2015 
Blackberry To Cut Jobs, Shift Business Focus May 26 2015 
Blackberry Planning Share Buy-Back May 24 2015 
BlackBerry Announces Proposed Common Share Purchase Program May 21 2015 
Apple Isn’t Buying BlackBerry, But You Should May 15 2015 
Kahn Brothers Ups Investment in 4 Stocks May 08 2015 
Apple’s Q2 Earnings Proves That For Apple Investors Sky Is The Limit Apr 28 2015 
Outcomes Versus Reasons Apr 22 2015 
BlackBerry Is A Value Investment Looking To 2016 Apr 17 2015 

More From Other Websites
BlackBerry Launches BlackBerry Leap in the Philippines May 27 2015
BlackBerry Buyout in the Cards: Microsoft and Apple Vie - Analyst Blog May 27 2015
BlackBerry (BBRY) Plans Layoff to Cut Costs & Consolidate - Analyst Blog May 26 2015
Early movers: TWC, AAPL, CTRP, CRM, GM & more May 26 2015
Blackberry continues to make cuts May 26 2015
Canada Stocks Fluctuate as Oil Slips Amid U.S., Europe Holidays May 25 2015
Canada Stocks to Watch: Cenovus, Barrick Gold, BlackBerry and more May 25 2015
What the Blackberry guys said when they saw Apple’s iPhone May 25 2015
BlackBerry Launches the BlackBerry Leap in white and shadow grey in the United Arab Emirates May 25 2015
BlackBerry jobs to go from software, hardware, apps businesses May 24 2015
How the iPhone cold-cocked BlackBerry: Report May 24 2015
BlackBerry co-CEOs were stunned when Steve Jobs showed what iPhone could do May 24 2015
BlackBerry cuts jobs worldwide as it consolidates businesses May 23 2015
BlackBerry cuts jobs worldwide as it consolidates businesses May 23 2015
BlackBerry to Cut Jobs in Device Arm May 22 2015
BlackBerry cuts jobs worldwide as it consolidates businesses May 22 2015
BlackBerry cuts jobs worldwide as it consolidates businesses May 22 2015
Tech Today: More M&A Fever, Apple's TV Hitch, Chip Prospects May 22 2015
BlackBerry cuts more jobs as it changes its focus from phones May 22 2015
BlackBerry Cuts Jobs Worldwide in Smartphone Consolidation May 22 2015

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK