Projected Income Statement: Blackbaud, Inc.

Forecast Balance Sheet: Blackbaud, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 901 827 748 1,007 1,071 1,142 928 987
Change - -8.21% -9.55% 34.63% 6.36% 6.65% -18.74% 6.36%
Announcement Date 2/22/22 2/13/23 2/12/24 2/18/25 2/10/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Blackbaud, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 11.66 12.29 4.685 7.443 7.767 6.409 6.85 -
Change - 5.36% -61.88% 58.87% 4.35% -17.48% 6.88% -100%
Free Cash Flow (FCF) 1 161.5 132.8 135.5 228.8 203.5 263.8 281.8 267.5
Change - -17.76% 2.01% 68.82% -11.02% 29.61% 6.8% -5.06%
Announcement Date 2/22/22 2/13/23 2/12/24 2/18/25 2/10/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Blackbaud, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 26.53% 24.82% 32.25% 33.66% 35.92% 36.86% 37.54% -
EBIT Margin (%) 21.64% 19.15% 26.6% 27.7% 30.53% 31.46% 32.58% -
EBT Margin (%) 0.76% -5.25% 1.6% -26.97% 11.68% 15.26% 16.08% 17.8%
Net margin (%) 0.61% -4.29% 0.16% -24.83% 10.19% 12.16% 12.52% 13.42%
FCF margin (%) 17.41% 12.55% 12.26% 19.8% 18.04% 22.43% 22.96% 21%
FCF / Net Income (%) 2,834.47% -292.53% 7,445.38% -79.72% 177.04% 184.46% 183.38% 156.43%

Profitability

        
ROA 0.23% -1.52% 0.06% -10.62% 4.71% 8.6% 8% 9.3%
ROE 25.61% -6.22% 0.23% -60.61% 108.52% 60.6% 37.8% 32.2%

Financial Health

        
Leverage (Debt/EBITDA) 3.66x 3.15x 2.1x 2.59x 2.64x 2.63x 2.01x -
Debt / Free cash flow 5.58x 6.23x 5.52x 4.4x 5.26x 4.33x 3.29x 3.69x

Capital Intensity

        
CAPEX / Current Assets (%) 1.26% 1.16% 0.42% 0.64% 0.69% 0.54% 0.56% -
CAPEX / EBITDA (%) 4.74% 4.68% 1.31% 1.91% 1.92% 1.48% 1.49% -
CAPEX / FCF (%) 7.22% 9.25% 3.46% 3.25% 3.82% 2.43% 2.43% -

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 3.153 3.537 3.84
Change - -833.33% 103.41% -19,033.33% 141.73% 33.05% 12.16% 8.58%
Nbr of stocks (in thousands) 46,899 51,905 52,507 49,616 47,020 45,261 45,261 45,261
Announcement Date 2/22/22 2/13/23 2/12/24 2/18/25 2/10/26 - - -
1USD
Estimates
2026 *2027 *
P/E 9.39x 8.38x
PBR - -
EV / Sales 2.11x 1.85x
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
5
Last Close Price
29.62USD
Average target price
51.00USD
Spread / Average Target
+72.18%

Quarterly revenue - Rate of surprise

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  4. Financials Blackbaud, Inc.