Backblaze Inc Class A BLZE

Morningstar Rating
$6.35 +0.28 (4.61%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

BLZE is trading at a 715% premium.
Price
$6.37
Fair Value
$5.52
Uncertainty
Very High
1-Star Price
$37.26
5-Star Price
$1.88
Economic Moat
Yjwp
Capital Allocation

Trading Information

Previous Close Price
$6.07
Day Range
$6.116.45
52-Week Range
$4.8012.65
Bid/Ask
$6.25 / $6.45
Market Cap
$272.33 Mil
Volume/Avg
198,348 / 278,725

Key Statistics

Price/Earnings (Normalized)
Price/Sales
2.17
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield

Company Profile

Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States and the rest from the United Kingdom, Canada, and other regions.
Sector
Technology
Industry
Software - Infrastructure
Stock Style Box
Small Value
Total Number of Employees
381

Comparables

Valuation

Metric
BLZE
FTNT
APLD
Price/Earnings (Normalized)
40.64
Price/Book Value
6.04206.858.30
Price/Sales
2.1710.935.13
Price/Cash Flow
39.5430.73109.99
Price/Earnings
BLZE
FTNT
APLD

Financial Strength

Metric
BLZE
FTNT
APLD
Quick Ratio
0.531.190.02
Current Ratio
0.611.320.08
Interest Coverage
−12.2568.90−4.57
Quick Ratio
BLZE
FTNT
APLD

Profitability

Metric
BLZE
FTNT
APLD
Return on Assets (Normalized)
−17.95%20.20%−15.51%
Return on Equity (Normalized)
−49.61%9,276.09%−66.10%
Return on Invested Capital (Normalized)
−22.26%141.87%−16.59%
Return on Assets
BLZE
FTNT
APLD

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