Company Analysis

BlackBerry Limited BB

A comprehensive view of key metrics, scores, and financial health for BlackBerry Limited

Overview of BlackBerry Limited

BB NYQ

Technology Software - Infrastructure Framework: Software & SaaS Mid Cap

BlackBerry Limited (BB), is a Mid Cap company, in the Software - Infrastructure industry, last closed at $7.75, about 48.9% overvalued vs fair value, +98.7% 1Y return, placing in the top 25% of its sector.

Metrics P/E 38.1× Rev Growth 2.7% ROE 7.3% Gross Margin 76.2%

USD 7.75

-1.52%

(Delayed)

• Vol 90d: 76.5%

52-Week Range

Low

3.15

48%

Now 7.75

High

12.81

Market Cap

$6.70B

Enterprise Value

$6.57B

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Good

Health

Fair

Efficiency

Fair

Valuation

Good

Growth

Fair

Profitability

Good

Health

Fair

Efficiency

Fair

Valuation

Good

Completeness: 88%

Confidence: 57%

Updated: Sep 12

Top Beats

No strong beats yet

Quick Facts

Website https://www.blackberry.com

HQ Waterloo, ON

Employees 1,820

Fiscal year Feb 28

Next Events

Earnings Sep 24

Fair Value Snapshot

Bear Base Bull

Current: $7.75 -49% vs base

Engine Room Money Flow™

Mid Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps

Total Revenue

$549.1M

2.7%%

Gross Profit

$418.2M

5.9%%

Operating Income (GAAP)

$50.4M

284.7%%

Operating Cash Flow

$50.3M

204.8%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Software & SaaS

Data Quality Notes

Note: 'Free Cash Flow' here is GAAP FCF (Operating Cash Flow − CapEx). Many software companies report an adjusted FCF that also adds back SBC; the Rule of 40 and FCF Margin shown use GAAP FCF, which is the more conservative and investor-relevant figure.
Rule of 40 score is 10.1 — below the 40-point benchmark. The company is not yet balancing growth and profitability at the level typically expected by institutional SaaS investors.

Quality & Reliability Indicators

Gross Margin

76.2%

Excellent

Gross Profit / Revenue — pricing power and product moat (SaaS benchmark: >70%)

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$60.7M

148.8% of FCF

Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

3/4

Improving

High Impact

Critical

Medium

Stock-Based Compensation Leak

Current: 46.1%

Conversion Leak

Improving

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Scores based on quantitative metrics and qualitative factors

Full moat analysis

Key strengths

Premium Software Margins Gross margin quality is strong versus peers (score 0.74), consistent with premium software economics.
Debt Covered by Cash Generation Debt capacity is solid (score 0.69), supporting resilience through cycles.

Key risks

Lumpy Revenue Trajectory Revenue consistency is weak (score 0.39), suggesting demand may be less recurring than peers.
Weak Product Reinvestment R&D commitment lags peers (score 0.35), weakening the innovation moat.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate

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Recurring Revenue Stickiness

Developing

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Innovation Engine

Developing

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Cash Scalability

Moderate

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Capital Efficiency

Moderate

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Balance Sheet Resilience

Moderate

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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 96% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

40th percentile vs peers

Key Signals

Rev Growth YoY 2.6% 33p EPS Growth YoY 1.67 86p Revenue CAGR 3Y 1.4% 30p Buyback % -1.5% 75p Def Rev Growth -8.7% 23p

Strengths

EPS Growth YoY in top 20% of peers (1.67, 86th percentile)
Strong liquidity position vs peers
Conservative leverage compared to industry peers

Risks

Growth below peer median (percentile: 40)

Profitability

58th percentile vs peers

Key Signals

Strengths

Risks

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Safety

60th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for BlackBerry Limited.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$3.96

- - -

-48.9% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

BlackBerry Limited BB

Overview of BlackBerry Limited

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Gross Margin

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Stock-Based Compensation Leak

Locked Leak

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Locked Leak

Key strengths

Key risks

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Pricing Power

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Recurring Revenue Stickiness

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Innovation Engine

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Cash Scalability

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Capital Efficiency

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Balance Sheet Resilience

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Growth

Profitability

Safety

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