Projected Income Statement: Blackbaud, Inc.

Forecast Balance Sheet: Blackbaud, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 901 827 748 1,007 1,071 941 721
Change - -8.21% -9.55% 34.63% 6.36% -12.12% -23.38%
Announcement Date 22/02/22 13/02/23 12/02/24 18/02/25 10/02/26 - -
1USD in Million
Estimates

Cash Flow Forecast: Blackbaud, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 11.66 12.29 4.685 7.443 7.767 7.258 6.85
Change - 5.36% -61.88% 58.87% 4.35% -6.55% -5.63%
Free Cash Flow (FCF) 1 161.5 132.8 135.5 228.8 203.5 290.1 310.2
Change - -17.76% 2.01% 68.82% -11.02% 42.53% 6.93%
Announcement Date 22/02/22 13/02/23 12/02/24 18/02/25 10/02/26 - -
1USD in Million
Estimates

Forecast Financial Ratios: Blackbaud, Inc.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) - 26.53% 24.82% 32.25% 33.66% 35.92% 37.01% 37.52%
EBIT Margin (%) - 21.64% 19.15% 26.6% 27.7% 30.53% 31.56% 32.48%
EBT Margin (%) - 0.76% -5.25% 1.6% -26.97% 11.68% 15.6% 17.58%
Net margin (%) - 0.61% -4.29% 0.16% -24.83% 10.19% 12.2% 13.89%
FCF margin (%) - 17.41% 12.55% 12.26% 19.8% 18.04% 24.64% 25.18%
FCF / Net Income (%) - 2,834.47% -292.53% 7,445.38% -79.72% 177.04% 201.92% 181.31%

Profitability

        
ROA 2.2% 0.88% 0.79% 2.37% 4.17% 5.63% - -
ROE 1.88% 1% -6.22% 0.23% -59.57% 108.52% - -

Financial Health

        
Leverage (Debt/EBITDA) - 3.66x 3.15x 2.1x 2.59x 2.64x 2.16x 1.56x
Debt / Free cash flow - 5.58x 6.23x 5.52x 4.4x 5.26x 3.24x 2.32x

Capital Intensity

        
CAPEX / Current Assets (%) - 1.26% 1.16% 0.42% 0.64% 0.69% 0.62% 0.56%
CAPEX / EBITDA (%) - 4.74% 4.68% 1.31% 1.91% 1.92% 1.67% 1.48%
CAPEX / FCF (%) - 7.22% 9.25% 3.46% 3.25% 3.82% 2.5% 2.21%

Items per share

        
Cash flow per share 1 - 4.43 3.954 3.716 - - - -
Change - - -10.75% -6.01% - - - -
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 - - - - - - - -
Change - - - - - - - -
EPS 1 - 0.12 -0.88 0.03 -5.68 2.37 3.19 3.93
Change - - -833.33% 103.41% -19,033.33% 141.73% 34.6% 23.2%
Nbr of stocks (in thousands) - 46,899 51,905 52,507 49,616 47,020 44,719 44,719
Announcement Date - 22/02/22 13/02/23 12/02/24 18/02/25 10/02/26 - -
1USD
Estimates
2026 *2027 *
P/E 14.3x 11.6x
PBR - -
EV / Sales 2.53x 2.24x
Yield - -

EPS & Dividend



Y-o-Y evolution of P/E

 
Trader
Investor
-
Global
-
Quality
-
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
45.48USD
Average target price
50.50USD
Spread / Average Target
+11.04%

Quarterly revenue - Rate of surprise

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