In order to ensure the accuracy of propeller modelling and hydrodynamic performance prediction, first of all, compared with atlas modelling and OpenProp modelling, it is pointed out that the characteristics of the blade model established by PropCad are more complete. Secondly, through the analysis and discussion of the computational domain distribution, grid independence verification and turbulence model, the CFD calculation model is established systematically. Thirdly, the hydrodynamic analysis of AU5-80 propeller is carried out under different advance ratios, and the simulation results are in good agreement with the open water test data. The accuracy of CFD calculation model is proved. Then, the fluid-solid coupling analysis of the propeller is performed, and it is verified that the stress field of the propeller meets the material strength requirement. It provides support for the further optimization design of propeller structure. Finally, through the design and analysis of the PBCF propeller, some optimization parameters of the PBCF are obtained. Because the PBCF can diffuse and weaken the hub vortex, the propeller thrust, and efficiency are improved.