BADGER METER INC (BMI) Fundamental Analysis & Valuation

NYSE:BMI • US0565251081

Current stock price

121.5 USD
-0.33 (-0.27%)
Last:

This BMI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. BMI Profitability Analysis

1.1 Basic Checks

  • BMI had positive earnings in the past year.
  • In the past year BMI had a positive cash flow from operations.
  • Each year in the past 5 years BMI has been profitable.
  • In the past 5 years BMI always reported a positive cash flow from operatings.
BMI Yearly Net Income VS EBIT VS OCF VS FCFBMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • The Return On Assets of BMI (13.45%) is better than 96.77% of its industry peers.
  • The Return On Equity of BMI (18.91%) is better than 91.94% of its industry peers.
  • BMI has a better Return On Invested Capital (15.84%) than 94.35% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BMI is significantly above the industry average of 8.09%.
Industry RankSector Rank
ROA 13.45%
ROE 18.91%
ROIC 15.84%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
BMI Yearly ROA, ROE, ROICBMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • BMI has a Profit Margin of 14.56%. This is amongst the best in the industry. BMI outperforms 89.52% of its industry peers.
  • BMI's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 18.86%, BMI belongs to the best of the industry, outperforming 95.16% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BMI has grown nicely.
  • BMI has a better Gross Margin (41.37%) than 70.16% of its industry peers.
  • In the last couple of years the Gross Margin of BMI has remained more or less at the same level.
Industry RankSector Rank
OM 18.86%
PM (TTM) 14.56%
GM 41.37%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
BMI Yearly Profit, Operating, Gross MarginsBMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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8

2. BMI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BMI is creating some value.
  • BMI has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BMI has more shares outstanding
  • BMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BMI Yearly Shares OutstandingBMI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
BMI Yearly Total Debt VS Total AssetsBMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 10.48 indicates that BMI is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 10.48, BMI belongs to the best of the industry, outperforming 85.48% of the companies in the same industry.
  • There is no outstanding debt for BMI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 10.48
ROIC/WACC1.58
WACC10.03%
BMI Yearly LT Debt VS Equity VS FCFBMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • BMI has a Current Ratio of 3.00. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 3.00, BMI is doing good in the industry, outperforming 60.48% of the companies in the same industry.
  • BMI has a Quick Ratio of 1.97. This is a normal value and indicates that BMI is financially healthy and should not expect problems in meeting its short term obligations.
  • BMI has a Quick ratio (1.97) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 3
Quick Ratio 1.97
BMI Yearly Current Assets VS Current LiabilitesBMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. BMI Growth Analysis

3.1 Past

  • BMI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.42%.
  • Measured over the past years, BMI shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.07% on average per year.
  • The Revenue has been growing slightly by 5.19% in the past year.
  • Measured over the past years, BMI shows a quite strong growth in Revenue. The Revenue has been growing by 16.59% on average per year.
EPS 1Y (TTM)-2.42%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%-28.46%
Revenue 1Y (TTM)5.19%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%-8.97%

3.2 Future

  • BMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.72% yearly.
  • Based on estimates for the next years, BMI will show a small growth in Revenue. The Revenue will grow by 6.39% on average per year.
EPS Next Y7.64%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
EPS Next 5Y8.72%
Revenue Next Year3.83%
Revenue Next 2Y5.49%
Revenue Next 3Y6.37%
Revenue Next 5Y6.39%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BMI Yearly Revenue VS EstimatesBMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
BMI Yearly EPS VS EstimatesBMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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5

4. BMI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 27.43, the valuation of BMI can be described as expensive.
  • 75.00% of the companies in the same industry are more expensive than BMI, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (27.42), we can say BMI is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 21.66, BMI is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, BMI is valued a bit cheaper than the industry average as 74.19% of the companies are valued more expensively.
  • BMI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 27.43
Fwd PE 21.66
BMI Price Earnings VS Forward Price EarningsBMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BMI is valued a bit cheaper than the industry average as 71.77% of the companies are valued more expensively.
  • 80.65% of the companies in the same industry are more expensive than BMI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 20.97
EV/EBITDA 16.38
BMI Per share dataBMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)3.59
PEG (5Y)1.19
EPS Next 2Y8.1%
EPS Next 3Y9.33%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. BMI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.30%, BMI has a reasonable but not impressive dividend return.
  • The stock price of BMI dropped by -28.13% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 0.42, BMI pays a better dividend. On top of this BMI pays more dividend than 90.32% of the companies listed in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.81, BMI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.3%

5.2 History

  • The dividend of BMI is nicely growing with an annual growth rate of 16.20%!
  • BMI has paid a dividend for at least 10 years, which is a reliable track record.
  • BMI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)16.2%
Div Incr Years19
Div Non Decr Years19
BMI Yearly Dividends per shareBMI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • BMI pays out 34.63% of its income as dividend. This is a sustainable payout ratio.
  • BMI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.63%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
BMI Yearly Income VS Free CF VS DividendBMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BMI Dividend Payout.BMI Dividend Payout, showing the Payout Ratio.BMI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BMI Fundamentals: All Metrics, Ratios and Statistics

BADGER METER INC

NYSE:BMI (4/27/2026, 10:03:50 AM)

121.5

-0.33 (-0.27%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)04-17
Earnings (Next)07-20
Inst Owners106.69%
Inst Owner Change-1.37%
Ins Owners0.62%
Ins Owner Change5.9%
Market Cap3.55B
Revenue(TTM)896.73M
Net Income(TTM)130.57M
Analysts75.29
Price Target184.65 (51.98%)
Short Float %9.92%
Short Ratio7.31
Dividend
Industry RankSector Rank
Dividend Yield 1.3%
Yearly Dividend1.48
Dividend Growth(5Y)16.2%
DP34.63%
Div Incr Years19
Div Non Decr Years19
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.91%
Min EPS beat(2)-24.78%
Max EPS beat(2)-3.05%
EPS beat(4)1
Avg EPS beat(4)-7.97%
Min EPS beat(4)-24.78%
Max EPS beat(4)3.55%
EPS beat(8)3
Avg EPS beat(8)-1.45%
EPS beat(12)7
Avg EPS beat(12)2.72%
EPS beat(16)10
Avg EPS beat(16)3.95%
Revenue beat(2)0
Avg Revenue beat(2)-9.46%
Min Revenue beat(2)-13.09%
Max Revenue beat(2)-5.83%
Revenue beat(4)1
Avg Revenue beat(4)-4.7%
Min Revenue beat(4)-13.09%
Max Revenue beat(4)0.62%
Revenue beat(8)3
Avg Revenue beat(8)-2%
Revenue beat(12)6
Avg Revenue beat(12)0.3%
Revenue beat(16)10
Avg Revenue beat(16)1.41%
PT rev (1m)0.44%
PT rev (3m)-14.87%
EPS NQ rev (1m)-1.29%
EPS NQ rev (3m)-8.41%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-5.5%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-5.13%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-4.21%
Valuation
Industry RankSector Rank
PE 27.43
Fwd PE 21.66
P/S 3.95
P/FCF 20.97
P/OCF 19.21
P/B 5.14
P/tB 10.39
EV/EBITDA 16.38
EPS(TTM)4.43
EY3.65%
EPS(NY)5.61
Fwd EY4.62%
FCF(TTM)5.79
FCFY4.77%
OCF(TTM)6.33
OCFY5.21%
SpS30.73
BVpS23.66
TBVpS11.7
PEG (NY)3.59
PEG (5Y)1.19
Graham Number48.5636 (-60.03%)
Profitability
Industry RankSector Rank
ROA 13.45%
ROE 18.91%
ROCE 21.11%
ROIC 15.84%
ROICexc 21.31%
ROICexgc 51.43%
OM 18.86%
PM (TTM) 14.56%
GM 41.37%
FCFM 18.85%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
ROICexc(3y)25.01%
ROICexc(5y)21.97%
ROICexgc(3y)48.77%
ROICexgc(5y)42.29%
ROCE(3y)21.7%
ROCE(5y)20.07%
ROICexgc growth 3Y19.67%
ROICexgc growth 5Y17.28%
ROICexc growth 3Y7.68%
ROICexc growth 5Y9.3%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
F-Score7
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 43.8%
Cap/Sales 1.73%
Interest Coverage 250
Cash Conversion 90.24%
Profit Quality 129.49%
Current Ratio 3
Quick Ratio 1.97
Altman-Z 10.48
F-Score7
WACC10.03%
ROIC/WACC1.58
Cap/Depr(3y)41.03%
Cap/Depr(5y)33.95%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.43%
Profit Quality(3y)113.19%
Profit Quality(5y)117.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.42%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%-28.46%
EPS Next Y7.64%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
EPS Next 5Y8.72%
Revenue 1Y (TTM)5.19%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%-8.97%
Revenue Next Year3.83%
Revenue Next 2Y5.49%
Revenue Next 3Y6.37%
Revenue Next 5Y6.39%
EBIT growth 1Y-0.95%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year24.67%
EBIT Next 3Y13.35%
EBIT Next 5Y10.82%
FCF growth 1Y63.84%
FCF growth 3Y30.38%
FCF growth 5Y16.08%
OCF growth 1Y62.46%
OCF growth 3Y30.61%
OCF growth 5Y15.45%

BADGER METER INC / BMI Fundamental Analysis FAQ

What is the fundamental rating for BMI stock?

ChartMill assigns a fundamental rating of 7 / 10 to BMI.


Can you provide the valuation status for BADGER METER INC?

ChartMill assigns a valuation rating of 5 / 10 to BADGER METER INC (BMI). This can be considered as Fairly Valued.


What is the profitability of BMI stock?

BADGER METER INC (BMI) has a profitability rating of 9 / 10.


What is the valuation of BADGER METER INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BADGER METER INC (BMI) is 27.43 and the Price/Book (PB) ratio is 5.14.


What is the earnings growth outlook for BADGER METER INC?

The Earnings per Share (EPS) of BADGER METER INC (BMI) is expected to grow by 7.64% in the next year.