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 1,173 998 1,113
Change - -8.21% -9.55% 34.63% 6.36% 9.55% -14.92% 11.52%
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 7.258 6.85 -
Change - 5.36% -61.88% 58.87% 4.35% -6.55% -5.63% -100%
Free Cash Flow (FCF) 1 161.5 132.8 135.5 228.8 203.5 269.1 293.2 261.8
Change - -17.76% 2.01% 68.82% -11.02% 32.21% 8.95% -10.71%
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% 37.03% 37.57% -
EBIT Margin (%) 21.64% 19.15% 26.6% 27.7% 30.53% 31.57% 32.52% -
EBT Margin (%) 0.76% -5.25% 1.6% -26.97% 11.68% 15.45% 16.62% 17.3%
Net margin (%) 0.61% -4.29% 0.16% -24.83% 10.19% 12.03% 12.96% 13.06%
FCF margin (%) 17.41% 12.55% 12.26% 19.8% 18.04% 22.87% 23.83% 20.59%
FCF / Net Income (%) 2,834.47% -292.53% 7,445.38% -79.72% 177.04% 190.07% 183.9% 157.62%

Profitability

        
ROA 0.23% -1.52% 0.06% -10.62% 4.71% 9.4% 8.6% 9.7%
ROE 25.61% -6.22% 0.23% -60.61% 108.52% 134.5% 57.1% 41.1%

Financial Health

        
Leverage (Debt/EBITDA) 3.66x 3.15x 2.1x 2.59x 2.64x 2.69x 2.16x -
Debt / Free cash flow 5.58x 6.23x 5.52x 4.4x 5.26x 4.36x 3.4x 4.25x

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% 2.7% 2.34% -

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 3.143 3.643 3.75
Change - -833.33% 103.41% -19,033.33% 141.73% 32.63% 15.91% 2.93%
Nbr of stocks (in thousands) 46,899 51,905 52,507 49,616 47,020 44,719 44,719 44,719
Announcement Date 2/22/22 2/13/23 2/12/24 2/18/25 2/10/26 - - -
1USD
Estimates
2026 *2027 *
P/E 14.2x 12.3x
PBR - -
EV / Sales 2.69x 2.43x
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
44.67USD
Average target price
53.40USD
Spread / Average Target
+19.54%

Quarterly revenue - Rate of surprise

  1. Stock Market
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  4. Financials Blackbaud, Inc.