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Blink Charging Co.
BLNK-Q
DON'T BUY
May 03, 2023
Stock price when the opinion was issued
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BLNK’s growth has been quite strong in recent years, which was mainly driven by share issuance to implement acquisitions. It is now trading at 1.4x times' Price/Book. The company still has negative operating income in the last few years. The balance sheet is decent, with net cash of $31M. But trailing twelve-month cash flow is negative -$82M compared to -$41M last year. The company has a strong appetite for growth. However, given that the company issues too many shares to do acquisitions, BLNK is still unprofitable and generating negative cash flow. We would be cautious with the name. It is small, and the steep decline in the stock makes it harder to attract new interest. We do not think it is the type of market for it.
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BLNK’s growth has been quite strong in recent years, which was mainly driven by share issuance to implement acquisitions. It is now trading at 1.4x times' Price/Book. The company still has negative operating income in the last few years. The balance sheet is decent, with net cash of $31M. But trailing twelve-month cash flow is negative -$82M compared to -$41M last year. The company has a strong appetite for growth. However, given that the company issues too many shares to do acquisitions, BLNK is still unprofitable and generating negative cash flow. We would be cautious with the name. It is small, and the steep decline in the stock makes it harder to attract new interest. We do not think it is the type of market for it.
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BLNK’s growth has been quite strong in recent years, which was mainly driven by share issuance to implement acquisitions. It is now trading at 1.4x times' Price/Book.
The company still has negative operating income in the last few years.
The balance sheet is decent, with net cash of $31M.
But trailing twelve-month cash flow is negative -$82M compared to -$41M last year.
The company has a strong appetite for growth.
However, given that the company issues too many shares to do acquisitions, BLNK is still unprofitable and generating negative cash flow. We would be cautious with the name.
It is small, and the steep decline in the stock makes it harder to attract new interest.
We do not think it is the type of market for it.
Unlock Premium - Try 5i Free