Backblaze, Inc. Fundamental Analysis (NASDAQ: BLZE)
Backblaze, Inc. (NASDAQ: BLZE) shows moderate financial fundamentals with a PE ratio of -46.38, profit margin of -13.07%, and ROE of -24.09%. The company generates $0.2B in annual revenue with strong year-over-year growth of 14.27%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of -3.4/100 based on profitability, valuation, growth, and balance sheet metrics. The F grade reflects weak fundamentals and significant financial concerns.
Fundamental Health Score
We analyze BLZE's fundamental strength across five key dimensions:
Efficiency Score
WeakBLZE struggles to generate sufficient returns from assets.
Valuation Score
ExcellentBLZE trades at attractive valuation levels.
Growth Score
ExcellentBLZE delivers strong and consistent growth momentum.
Financial Health Score
ModerateBLZE shows balanced financial health with some risks.
Profitability Score
WeakBLZE struggles to sustain strong margins.
Key Financial Metrics
Is BLZE Expensive or Cheap?
P/E Ratio
BLZE trades at -46.38 times earnings. This suggests potential undervaluation.
PEG Ratio
When adjusting for growth, BLZE's PEG of -0.41 indicates potential undervaluation.
Price to Book
The market values Backblaze, Inc. at 10.83 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 88.47 times EBITDA. This signals the market has high growth expectations.
How Well Does BLZE Make Money?
Net Profit Margin
For every $100 in sales, Backblaze, Inc. keeps $-13.07 as profit after all expenses.
Operating Margin
Core operations generate -11.20 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $-24.09 in profit for every $100 of shareholder equity.
ROA
Backblaze, Inc. generates $-9.13 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Backblaze, Inc. produces operating cash flow of $28.47M, showing steady but balanced cash generation.
Free Cash Flow
Backblaze, Inc. generates strong free cash flow of $20.34M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.34 in free cash annually.
FCF Yield
BLZE converts 2.19% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
-46.38
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
-0.41
vs 25 benchmark
P/B Ratio
Price to book value ratio
10.83
vs 25 benchmark
P/S Ratio
Price to sales ratio
6.06
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.93
vs 25 benchmark
Current Ratio
Current assets to current liabilities
1.00
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
-0.24
vs 25 benchmark
ROA
Return on assets percentage
-0.09
vs 25 benchmark
ROCE
Return on capital employed
-0.11
vs 25 benchmark
How BLZE Stacks Against Its Sector Peers
| Metric | BLZE Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | -46.38 | 34.93 | Better (Cheaper) |
| ROE | -24.09% | 750.00% | Weak |
| Net Margin | -13.07% | -3058.00% (disorted) | Weak |
| Debt/Equity | 0.93 | 0.65 | Weak (High Leverage) |
| Current Ratio | 1.00 | 6.21 | Weak Liquidity |
| ROA | -9.13% | 308.00% | Weak |
BLZE outperforms its industry in 1 out of 6 key metrics, but lagging in ROE.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Backblaze, Inc.'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
46.16%
Industry Style: Growth, Innovation, High Beta
High GrowthEPS CAGR
-108.46%
Industry Style: Growth, Innovation, High Beta
DecliningFCF CAGR
-0.99%
Industry Style: Growth, Innovation, High Beta
Declining