Intrinsic value of BlackBerry Limited - BB

Previous Close

$12.75

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$12.75

 
Intrinsic value

$4.39

 
Up/down potential

-66%

 
Rating

str. sell

 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of BB stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -35.24
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,918
  2,976
  3,045
  3,123
  3,211
  3,308
  3,415
  3,531
  3,657
  3,793
  3,938
  4,094
  4,260
  4,437
  4,625
  4,825
  5,036
  5,260
  5,497
  5,747
  6,011
  6,290
  6,583
  6,893
  7,219
  7,563
  7,925
  8,306
  8,707
  9,128
  9,572
Variable operating expenses, $m
 
  3,353
  3,428
  3,514
  3,610
  3,717
  3,835
  3,962
  4,101
  4,250
  4,409
  4,497
  4,680
  4,874
  5,080
  5,300
  5,532
  5,778
  6,038
  6,312
  6,602
  6,908
  7,231
  7,571
  7,930
  8,307
  8,705
  9,123
  9,563
  10,026
  10,514
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,220
  3,353
  3,428
  3,514
  3,610
  3,717
  3,835
  3,962
  4,101
  4,250
  4,409
  4,497
  4,680
  4,874
  5,080
  5,300
  5,532
  5,778
  6,038
  6,312
  6,602
  6,908
  7,231
  7,571
  7,930
  8,307
  8,705
  9,123
  9,563
  10,026
  10,514
Operating income, $m
  -301
  -376
  -383
  -391
  -399
  -409
  -419
  -431
  -443
  -457
  -471
  -403
  -419
  -437
  -455
  -475
  -495
  -518
  -541
  -565
  -591
  -619
  -648
  -678
  -710
  -744
  -780
  -817
  -857
  -898
  -942
EBITDA, $m
  531
  162
  166
  170
  175
  180
  186
  192
  199
  206
  214
  223
  232
  241
  252
  263
  274
  286
  299
  313
  327
  342
  358
  375
  393
  412
  431
  452
  474
  497
  521
Interest expense (income), $m
  101
  86
  89
  93
  97
  102
  107
  113
  119
  126
  133
  141
  150
  159
  168
  178
  189
  200
  212
  225
  239
  253
  268
  284
  300
  318
  337
  356
  377
  398
  421
Earnings before tax, $m
  -381
  -463
  -473
  -484
  -497
  -511
  -527
  -544
  -563
  -583
  -604
  -544
  -569
  -595
  -623
  -653
  -685
  -718
  -753
  -791
  -830
  -872
  -916
  -962
  -1,011
  -1,062
  -1,116
  -1,173
  -1,233
  -1,296
  -1,363
Tax expense, $m
  -100
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -281
  -463
  -473
  -484
  -497
  -511
  -527
  -544
  -563
  -583
  -604
  -544
  -569
  -595
  -623
  -653
  -685
  -718
  -753
  -791
  -830
  -872
  -916
  -962
  -1,011
  -1,062
  -1,116
  -1,173
  -1,233
  -1,296
  -1,363

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  3,212
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,477
  4,351
  4,451
  4,566
  4,694
  4,837
  4,993
  5,163
  5,347
  5,545
  5,758
  5,986
  6,229
  6,487
  6,762
  7,054
  7,363
  7,690
  8,036
  8,402
  8,788
  9,195
  9,625
  10,078
  10,555
  11,057
  11,586
  12,143
  12,729
  13,346
  13,994
Adjusted assets (=assets-cash), $m
  4,265
  4,351
  4,451
  4,566
  4,694
  4,837
  4,993
  5,163
  5,347
  5,545
  5,758
  5,986
  6,229
  6,487
  6,762
  7,054
  7,363
  7,690
  8,036
  8,402
  8,788
  9,195
  9,625
  10,078
  10,555
  11,057
  11,586
  12,143
  12,729
  13,346
  13,994
Revenue / Adjusted assets
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
  0.684
Average production assets, $m
  2,229
  2,274
  2,326
  2,386
  2,453
  2,528
  2,609
  2,698
  2,794
  2,898
  3,009
  3,128
  3,255
  3,390
  3,534
  3,686
  3,848
  4,019
  4,200
  4,391
  4,592
  4,805
  5,030
  5,266
  5,516
  5,778
  6,055
  6,346
  6,652
  6,974
  7,313
Working capital, $m
  3,011
  -205
  -210
  -215
  -222
  -228
  -236
  -244
  -252
  -262
  -272
  -282
  -294
  -306
  -319
  -333
  -348
  -363
  -379
  -397
  -415
  -434
  -454
  -476
  -498
  -522
  -547
  -573
  -601
  -630
  -660
Total debt, $m
  1,725
  1,789
  1,863
  1,947
  2,042
  2,147
  2,262
  2,387
  2,523
  2,669
  2,826
  2,993
  3,172
  3,363
  3,566
  3,781
  4,009
  4,250
  4,505
  4,774
  5,059
  5,359
  5,675
  6,009
  6,361
  6,731
  7,121
  7,531
  7,963
  8,418
  8,896
Total liabilities, $m
  3,143
  3,207
  3,281
  3,365
  3,460
  3,565
  3,680
  3,805
  3,941
  4,087
  4,244
  4,411
  4,590
  4,781
  4,984
  5,199
  5,427
  5,668
  5,923
  6,192
  6,477
  6,777
  7,093
  7,427
  7,779
  8,149
  8,539
  8,949
  9,381
  9,836
  10,314
Total equity, $m
  4,334
  1,144
  1,171
  1,201
  1,235
  1,272
  1,313
  1,358
  1,406
  1,458
  1,514
  1,574
  1,638
  1,706
  1,778
  1,855
  1,936
  2,023
  2,114
  2,210
  2,311
  2,418
  2,531
  2,650
  2,776
  2,908
  3,047
  3,194
  3,348
  3,510
  3,680
Total liabilities and equity, $m
  7,477
  4,351
  4,452
  4,566
  4,695
  4,837
  4,993
  5,163
  5,347
  5,545
  5,758
  5,985
  6,228
  6,487
  6,762
  7,054
  7,363
  7,691
  8,037
  8,402
  8,788
  9,195
  9,624
  10,077
  10,555
  11,057
  11,586
  12,143
  12,729
  13,346
  13,994
Debt-to-equity ratio
  0.398
  1.560
  1.590
  1.620
  1.650
  1.690
  1.720
  1.760
  1.790
  1.830
  1.870
  1.900
  1.940
  1.970
  2.000
  2.040
  2.070
  2.100
  2.130
  2.160
  2.190
  2.220
  2.240
  2.270
  2.290
  2.310
  2.340
  2.360
  2.380
  2.400
  2.420
Adjusted equity ratio
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263
  0.263

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -281
  -463
  -473
  -484
  -497
  -511
  -527
  -544
  -563
  -583
  -604
  -544
  -569
  -595
  -623
  -653
  -685
  -718
  -753
  -791
  -830
  -872
  -916
  -962
  -1,011
  -1,062
  -1,116
  -1,173
  -1,233
  -1,296
  -1,363
Depreciation, amort., depletion, $m
  832
  538
  549
  561
  574
  589
  605
  623
  642
  663
  685
  626
  651
  678
  707
  737
  770
  804
  840
  878
  918
  961
  1,006
  1,053
  1,103
  1,156
  1,211
  1,269
  1,330
  1,395
  1,463
Funds from operations, $m
  500
  76
  76
  77
  77
  78
  79
  79
  80
  80
  81
  82
  82
  83
  84
  84
  85
  86
  87
  87
  88
  89
  90
  91
  92
  94
  95
  96
  97
  99
  100
Change in working capital, $m
  153
  -4
  -5
  -5
  -6
  -7
  -7
  -8
  -9
  -9
  -10
  -11
  -11
  -12
  -13
  -14
  -15
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -26
  -28
  -29
  -31
Cash from operations, $m
  347
  -301
  81
  82
  83
  85
  86
  87
  88
  90
  91
  92
  94
  95
  97
  98
  100
  101
  103
  105
  107
  109
  111
  113
  115
  117
  120
  122
  125
  128
  131
Maintenance CAPEX, $m
  0
  -446
  -455
  -465
  -477
  -491
  -506
  -522
  -540
  -559
  -580
  -602
  -626
  -651
  -678
  -707
  -737
  -770
  -804
  -840
  -878
  -918
  -961
  -1,006
  -1,053
  -1,103
  -1,156
  -1,211
  -1,269
  -1,330
  -1,395
New CAPEX, $m
  -138
  -45
  -52
  -60
  -67
  -74
  -82
  -89
  -96
  -104
  -111
  -119
  -127
  -135
  -144
  -152
  -162
  -171
  -181
  -191
  -202
  -213
  -224
  -237
  -249
  -263
  -276
  -291
  -306
  -322
  -339
Cash from investing activities, $m
  -593
  -491
  -507
  -525
  -544
  -565
  -588
  -611
  -636
  -663
  -691
  -721
  -753
  -786
  -822
  -859
  -899
  -941
  -985
  -1,031
  -1,080
  -1,131
  -1,185
  -1,243
  -1,302
  -1,366
  -1,432
  -1,502
  -1,575
  -1,652
  -1,734
Free cash flow, $m
  -246
  -792
  -426
  -443
  -461
  -480
  -501
  -524
  -547
  -573
  -600
  -629
  -659
  -691
  -725
  -761
  -799
  -839
  -882
  -926
  -973
  -1,023
  -1,075
  -1,130
  -1,188
  -1,248
  -1,312
  -1,380
  -1,450
  -1,525
  -1,603
Issuance/(repayment) of debt, $m
  0
  64
  74
  84
  95
  105
  115
  125
  136
  146
  157
  168
  179
  191
  203
  215
  228
  241
  255
  269
  285
  300
  317
  334
  352
  370
  390
  410
  432
  454
  478
Issuance/(repurchase) of shares, $m
  -120
  0
  379
  389
  400
  413
  427
  443
  460
  479
  499
  521
  544
  569
  595
  623
  653
  684
  718
  753
  790
  830
  871
  915
  962
  1,010
  1,062
  1,116
  1,173
  1,233
  1,296
Cash from financing (excl. dividends), $m  
  -105
  64
  453
  473
  495
  518
  542
  568
  596
  625
  656
  689
  723
  760
  798
  838
  881
  925
  973
  1,022
  1,075
  1,130
  1,188
  1,249
  1,314
  1,380
  1,452
  1,526
  1,605
  1,687
  1,774
Total cash flow (excl. dividends), $m
  -373
  -728
  -352
  -359
  -366
  -375
  -386
  -398
  -412
  -427
  -443
  -461
  -480
  -500
  -523
  -546
  -571
  -598
  -627
  -657
  -689
  -723
  -758
  -796
  -836
  -878
  -923
  -969
  -1,019
  -1,071
  -1,125
Retained Cash Flow (-), $m
  302
  -22
  -26
  -30
  -34
  -37
  -41
  -45
  -48
  -52
  -56
  -60
  -64
  -68
  -72
  -77
  -81
  -86
  -91
  -96
  -102
  -107
  -113
  -119
  -125
  -132
  -139
  -146
  -154
  -162
  -171
Prev. year cash balance distribution, $m
 
  3,212
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  2,462
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  2,360
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  82.7
  68.4
  56.5
  46.6
  38.5
  31.7
  26.1
  21.5
  17.7
  14.5
  11.9
  9.8
  8.0
  6.6
  5.4
  4.4
  3.6
  2.9
  2.4
  1.9
  1.6
  1.3
  1.0
  0.9
  0.7
  0.6
  0.5
  0.4
  0.3

BlackBerry Limited develops and sells smartphones and other devices under the BlackBerry brand name worldwide. The company develops and offers smartphones with the BlackBerry 10 OS and Android OS, as well as BlackBerry 10 smartphones; and enterprise mobility management and mobile security software, and a portfolio of enterprise software solutions and services that could be deployed across a range of ecosystems and devices. It also licenses QNX software products in embedded market; provides BlackBerry IoT Platform for the asset tracking industry; and offers operating systems, middleware, development tools, and professional services for connected embedded systems primarily in the automotive, medical, and industrial automation markets, as well as provides professional services to support customers in developing their products. In addition, the company offers AtHoc software platform that enables people, devices, and organizations to exchange information in real time during business continuity and life safety operations; and BlackBerry Messenger platform for messaging, and for in-app advertising and virtual goods store. Further, it provides high-security voice and data encryption and anti-eavesdropping solutions; and virtual identity solutions for mobile operators, as well as repairs, accessories, and other telecommunications services. BlackBerry Limited markets and sells its BlackBerry smartphone products to enterprise and consumer end users primarily through wireless communications carriers, as well as through third party distribution channels. It serves enterprise customers, principally in regulated industries and select vertical markets, including government, financial services, legal, and healthcare. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was founded in 1984 and is headquartered in Waterloo, Canada.

FINANCIAL RATIOS  of  BlackBerry Limited (BB)

Valuation Ratios
P/E Ratio -23.6
Price to Sales 2.3
Price to Book 1.5
Price to Tangible Book
Price to Cash Flow 19.1
Price to Free Cash Flow 31.8
Growth Rates
Sales Growth Rate -35.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -79.9%
Cap. Spend. - 3 Yr. Gr. Rate -40.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0.3
LT Debt to Equity 39.8%
Total Debt to Equity 39.8%
Interest Coverage -3
Management Effectiveness
Return On Assets -2.5%
Ret/ On Assets - 3 Yr. Avg. -20.8%
Return On Total Capital -4.3%
Ret/ On T. Cap. - 3 Yr. Avg. -30%
Return On Equity -6.3%
Return On Equity - 3 Yr. Avg. -34.9%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 45.6%
Gross Margin - 3 Yr. Avg. 31.8%
EBITDA Margin 18.9%
EBITDA Margin - 3 Yr. Avg. -18.6%
Operating Margin -10.3%
Oper. Margin - 3 Yr. Avg. -42.7%
Pre-Tax Margin -13.1%
Pre-Tax Margin - 3 Yr. Avg. -43.3%
Net Profit Margin -9.6%
Net Profit Margin - 3 Yr. Avg. -35%
Effective Tax Rate 26.2%
Eff/ Tax Rate - 3 Yr. Avg. 21.8%
Payout Ratio 0%

BB stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the BB stock intrinsic value calculation we used $2918 million for the last fiscal year's total revenue generated by BlackBerry Limited. The default revenue input number comes from 2016 income statement of BlackBerry Limited. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our BB stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for BB is calculated based on our internal credit rating of BlackBerry Limited, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of BlackBerry Limited.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of BB stock the variable cost ratio is equal to 112.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for BB stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5% for BlackBerry Limited.

Corporate tax rate of 27% is the nominal tax rate for BlackBerry Limited. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the BB stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for BB are equal to 76.4%.

Life of production assets of 3.3 years is the average useful life of capital assets used in BlackBerry Limited operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for BB is equal to -6.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4334 million for BlackBerry Limited - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 537.799 million for BlackBerry Limited is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of BlackBerry Limited at the current share price and the inputted number of shares is $6.9 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
T TELUS Corporat 45.42 18.04  str.sell
SW Sierra Wireles 34.54 10.89  str.sell
Stock chart of BB Financial statements of BB
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.