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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Ballard Power Systems's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Ballard Power Systems was 30.95. The lowest was 3.99. And the median was 6.98.
XSWX:BLDP's Price-to-Projected-FCF is not ranked *
in the Industrial Products industry.
Industry Median: 1.74 * Ranked among companies with meaningful Price-to-Projected-FCF only.
Ballard Power Systems (XSWX:BLDP) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Ballard Power Systems's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
2.1265
/
-1.8849593839434
=
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ballard Power Systems Intrinsic Value: Projected FCF Related Terms
Ballard Power Systems Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ballard Power Systems Intrinsic Value: Projected FCF Chart
XSWX:BLDP vs VRT, BE: Intrinsic Value: Projected FCF Comparison
For the Electrical Equipment & Parts subindustry, Ballard Power Systems's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ballard Power Systems Price-to-Projected-FCF vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems's Price-to-Projected-FCF falls into.
Ballard Power Systems Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of CHF-1.44 mean?
Ballard Power Systems (XSWX:BLDP) has a Intrinsic Value: Projected FCF of CHF-1.44 as of Aug. 18, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ballard Power Systems and its competitors. Over the past decade, Ballard Power Systems' Intrinsic Value: Projected FCF has ranged from 3.99 to 30.95. According to the industry distribution chart, Ballard Power Systems ranks #999999 out of 2023 companies in the Industrial Products industry.
Is Ballard Power Systems' Intrinsic Value: Projected FCF too high?
Ballard Power Systems' current Intrinsic Value: Projected FCF is CHF-1.44. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 30.95. Based on the distribution chart, Ballard Power Systems ranks #999999 out of 2023 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ballard Power Systems has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Intrinsic Value: Projected FCF compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #999999 out of 2023 companies for Intrinsic Value: Projected FCF. This places Ballard Power Systems in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.74. Historically, Ballard Power Systems' own Intrinsic Value: Projected FCF has ranged from 3.99 to 30.95 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Industrial Products company?
The median Intrinsic Value: Projected FCF among Industrial Products companies is 1.74, based on 2,023 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Ballard Power Systems and its competitors. For the Industrial Products industry, the median Intrinsic Value: Projected FCF is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Intrinsic Value: Projected FCF is CHF-1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Intrinsic Value: Projected FCF of CHF-1.44. The stock's GF Value™ is CHF2.33, compared to a current price of CHF2.13 — trading 8.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is CHF-1.44. Ballard Power Systems' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Ballard Power Systems (XSWX:BLDP), the current Intrinsic Value: Projected FCF is CHF-1.44 as of Aug. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be undervalued.
The current stock price of CHF2.13 is trading 8.7% below its estimated GF Value™ of CHF2.33.
Key valuation signals for XSWX:BLDP:
Intrinsic Value: Projected FCF: CHF-1.44
GF Value™: CHF2.33 vs. price of CHF2.13 (8.7% below fair value)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
76GF Score
Get the complete analysis for XSWX:BLDP
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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