Description
I recommend shorting Blackbaud on its excessive valuation, low LTV/CAC, and increasing competition. By my estimates, BLKB has 60% downside to fair value.
Background:
Blackbaud provides enterprise software for non-profit organizations (NPOs). Their software helps NPOs with customer relationship management (CRM), fundraising, analytics, payment processing, and accounting. The company has about 35,000 customers in 60 countries, but nearly 90% of sales are generated in the US.
Blackbaud is the largest software provider focused on the highly fragmented NPO industry. The company estimates their TAM is worth $7 bn, growing at a 7% cagr, and is 15% penetrated.
The company has been going through a transition over the past decade from a license-based model to a subscription model. Currently, 65% of sales are from subscriptions to cloud-based services, up from 28% five years prior, and if one includes maintenance revenues, recurring revenue represents over 80% of total revenues. This transition has been led by a new CEO from Fiserv, who took over 3 years ago, making a strong push to move the company to the cloud. In addition to the cloud transition, the company has been aggressively acquiring adjacent companies to expand its portfolio of products serving the NPO market, with 6 acquisitions over the past 3 years.
Why is BLKB a short?
The "turnaround" that has driven low teens eps growth over the last few years and dramatic multiple expansion has come from declining net present value customer acquisitions. Over the past three years, customers have grown at ~7%, and organic revenues at ~8% a year, but sales and marketing costs have grown at 18% per year, pushing customer lifetime values near to their acquisition costs -- see historical chart below (assumes 93% retention rate and 10% discount rate):
![](data:image/png;base64,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)
A recent Credit Suisse report on SaaS unit economics shows how poorly BLKB compares against its peers in this metric -- it’s 6th worst:
![](data:image/png;base64,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)
In other words, as BLKB has shown dramatic growth, it has added limited, and progressively declining economic value while its forward P/E has expanded from 22x to 40x.
As BLKB has spent more and more on sales and marketing per customer acquired, it has also spent more and more on acquiring other companies to add incremental tools (analytics, online checkout, etc.), adding leverage. Over the past 5 years, the company has spent 1.4x its cash flow from operations on acquisitions -- 760 mm vs. 550 mm. These tools have not had an apparent impact on growth, and have driven net debt/ebitda to 2.7x as of the last quarter.
In addition, competition is sharply increasing. Salesforce offers the first 10 licenses to NPOs for free, and provides sharply discounted rates for additional licenses. Salesforce has already donated licenses to over 30,000 NPOs (vs. BLKB’s 35,000 customers), and reported a 60% growth in subscription revenues to NPOs last fiscal year (growth in number of organizations would be even higher since the first 10 licenses do not generate revenues).
Over time, with Salesforce’s massive scale advantage (its R&D budget is 13x that of BLKB) and open source platform where third party developers can build apps, it should be able to outcompete Blackbaud’s closed system.
In addition to the threat from Salesforce, there are numerous other, small, niche entrants providing cheaper alternatives. One non-profit technology expert we spoke with said that BLKB software was “pretty bad (old-looking) and there are a lot of new, cheaper tools coming on the market,” like Classy, Kindful, Neon CRM, Crowdrise, DonorPerfect Mobile Cause, Pledgeling, Givelocity, and more.
Hence, competition appears to be significantly increasing both from large and small players, making it difficult for BLKB to alter the downward trend in lifetime customer value/acquisition cost.
Valuation:
Even with fairly optimistic assumptions, BLKB appears overvalued. I assume the company continues growing sales with its TAM, at ~7% per year, for the next 6 years. This compares with the company’s long-term targets of 6-10% organic revenue growth. I also assume it is able to expand operating margins to 24% -- above the company’s high end target of 300-600 bps of growth from its 2014 baseline of 17.5%, and its guidance of 20.5% for 2017. With these assumptions, I arrive at a 6-year forward, normalized earnings power estimate of ~$4.18. Beyond 6 years I assume the company continues growing at market rates, and hence, I apply a terminal, discounted market multiple (~9x) to this value to arrive at an estimate of fair value of ~$34 per share, or 60% downside to fair value, today.
I do not hold a position with the issuer such as employment, directorship, or consultancy.
I and/or others I advise hold a material investment in the issuer's securities.
Catalyst
Increasing competition impacts growth and multiple re-rates to an appropriate level.