BADGER METER INC (BMI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BMI - US0565251081 - Common Stock
177.44 USD
+1.44 (+0.82%)
177.44 USD
0 (0%)
Overall BMI gets a fundamental rating of 7 out of 10. We evaluated BMI against 125 industry peers in the Electronic Equipment, Instruments & Components industry. BMI gets an excellent profitability rating and is at the same time showing great financial health properties. BMI is valied quite expensively at the moment, while it does show a decent growth rate. This makes BMI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year BMI was profitable.
BMI had a positive operating cash flow in the past year.
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.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.19%, BMI belongs to the top of the industry, outperforming 92.80% of the companies in the same industry.
The Return On Equity of BMI (19.75%) is better than 89.60% of its industry peers.
The Return On Invested Capital of BMI (16.43%) is better than 92.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BMI is significantly above the industry average of 9.26%.
The last Return On Invested Capital (16.43%) for BMI is above the 3 year average (15.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.19% | ||
| ROE | 19.75% | ||
| ROIC | 16.43% |
ROA(3y)13.08%
ROA(5y)12.25%
ROE(3y)17.86%
ROE(5y)16.46%
ROIC(3y)15.23%
ROIC(5y)14.23%
1.3 Margins
BMI's Profit Margin of 15.40% is amongst the best of the industry. BMI outperforms 92.00% of its industry peers.
In the last couple of years the Profit Margin of BMI has grown nicely.
BMI has a Operating Margin of 19.93%. This is amongst the best in the industry. BMI outperforms 97.60% of its industry peers.
BMI's Operating Margin has improved in the last couple of years.
BMI has a Gross Margin of 41.26%. This is in the better half of the industry: BMI outperforms 68.80% 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.93% | ||
| PM (TTM) | 15.4% | ||
| GM | 41.26% |
OM growth 3Y7.03%
OM growth 5Y5.49%
PM growth 3Y7.84%
PM growth 5Y6.34%
GM growth 3Y-0.7%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BMI is creating value.
BMI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BMI has more shares outstanding
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.
2.2 Solvency
BMI has an Altman-Z score of 14.22. This indicates that BMI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 14.22, BMI belongs to the best of the industry, outperforming 91.20% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 14.22 |
ROIC/WACC1.83
WACC9%
2.3 Liquidity
A Current Ratio of 3.22 indicates that BMI has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.22, BMI is doing good in the industry, outperforming 66.40% of the companies in the same industry.
BMI has a Quick Ratio of 2.23. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.23, BMI is in the better half of the industry, outperforming 63.20% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 2.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.63% over the past year.
Measured over the past years, BMI shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.16% on average per year.
BMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.11%.
Measured over the past years, BMI shows a quite strong growth in Revenue. The Revenue has been growing by 14.25% on average per year.
EPS 1Y (TTM)16.63%
EPS 3Y26.69%
EPS 5Y21.16%
EPS Q2Q%10.19%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
3.2 Future
The Earnings Per Share is expected to grow by 11.65% on average over the next years. This is quite good.
Based on estimates for the next years, BMI will show a quite strong growth in Revenue. The Revenue will grow by 9.05% on average per year.
EPS Next Y14.89%
EPS Next 2Y13.74%
EPS Next 3Y11.32%
EPS Next 5Y11.65%
Revenue Next Year12.55%
Revenue Next 2Y10.45%
Revenue Next 3Y8.85%
Revenue Next 5Y9.05%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 37.75 indicates a quite expensive valuation of BMI.
Compared to the rest of the industry, the Price/Earnings ratio of BMI is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.59, BMI is valued a bit more expensive.
A Price/Forward Earnings ratio of 32.42 indicates a quite expensive valuation of BMI.
BMI's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of BMI to the average of the S&P500 Index (23.80), we can say BMI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.75 | ||
| Fwd PE | 32.42 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as BMI.
Based on the Price/Free Cash Flow ratio, BMI is valued a bit cheaper than the industry average as 67.20% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.44 | ||
| EV/EBITDA | 23.55 |
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)2.54
PEG (5Y)1.78
EPS Next 2Y13.74%
EPS Next 3Y11.32%
5. Dividend
5.1 Amount
With a yearly dividend of 0.90%, BMI is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.34, BMI pays a better dividend. On top of this BMI pays more dividend than 84.80% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, BMI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
5.2 History
On average, the dividend of BMI grows each year by 13.80%, which is quite nice.
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)13.8%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
30.10% of the earnings are spent on dividend by BMI. This is a low number and sustainable payout ratio.
The dividend of BMI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.1%
EPS Next 2Y13.74%
EPS Next 3Y11.32%
177.44
+1.44 (+0.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.99%
Inst Owner Change1.91%
Ins Owners0.51%
Ins Owner Change0%
Market Cap5.23B
Revenue(TTM)901.14M
Net Income(TTM)138.78M
Analysts76
Price Target222.95 (25.65%)
Short Float %8.04%
Short Ratio6.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.9% |
Yearly Dividend1.22
Dividend Growth(5Y)13.8%
DP30.1%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.02%
Min EPS beat(2)-7.6%
Max EPS beat(2)3.55%
EPS beat(4)2
Avg EPS beat(4)2.98%
Min EPS beat(4)-7.6%
Max EPS beat(4)21.92%
EPS beat(8)5
Avg EPS beat(8)4.65%
EPS beat(12)8
Avg EPS beat(12)6.34%
EPS beat(16)11
Avg EPS beat(16)6.98%
Revenue beat(2)1
Avg Revenue beat(2)0.05%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)0.62%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)1.08%
Revenue beat(12)8
Avg Revenue beat(12)2.82%
Revenue beat(16)11
Avg Revenue beat(16)2.84%
PT rev (1m)-1.77%
PT rev (3m)-6.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.65%
EPS NY rev (1m)-0.06%
EPS NY rev (3m)0.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.75 | ||
| Fwd PE | 32.42 | ||
| P/S | 5.8 | ||
| P/FCF | 31.44 | ||
| P/OCF | 28.9 | ||
| P/B | 7.44 | ||
| P/tB | 15.21 | ||
| EV/EBITDA | 23.55 |
EPS(TTM)4.7
EY2.65%
EPS(NY)5.47
Fwd EY3.08%
FCF(TTM)5.64
FCFY3.18%
OCF(TTM)6.14
OCFY3.46%
SpS30.58
BVpS23.84
TBVpS11.67
PEG (NY)2.54
PEG (5Y)1.78
Graham Number50.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.19% | ||
| ROE | 19.75% | ||
| ROCE | 21.77% | ||
| ROIC | 16.43% | ||
| ROICexc | 21.75% | ||
| ROICexgc | 51.26% | ||
| OM | 19.93% | ||
| PM (TTM) | 15.4% | ||
| GM | 41.26% | ||
| FCFM | 18.45% |
ROA(3y)13.08%
ROA(5y)12.25%
ROE(3y)17.86%
ROE(5y)16.46%
ROIC(3y)15.23%
ROIC(5y)14.23%
ROICexc(3y)23.61%
ROICexc(5y)20.43%
ROICexgc(3y)41.01%
ROICexgc(5y)36.17%
ROCE(3y)20.17%
ROCE(5y)18.85%
ROICexgc growth 3Y15.78%
ROICexgc growth 5Y16.08%
ROICexc growth 3Y21.65%
ROICexc growth 5Y15.12%
OM growth 3Y7.03%
OM growth 5Y5.49%
PM growth 3Y7.84%
PM growth 5Y6.34%
GM growth 3Y-0.7%
GM growth 5Y0.68%
F-Score5
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 43.31% | ||
| Cap/Sales | 1.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.78% | ||
| Profit Quality | 119.84% | ||
| Current Ratio | 3.22 | ||
| Quick Ratio | 2.23 | ||
| Altman-Z | 14.22 |
F-Score5
WACC9%
ROIC/WACC1.83
Cap/Depr(3y)34.99%
Cap/Depr(5y)33.03%
Cap/Sales(3y)1.43%
Cap/Sales(5y)1.55%
Profit Quality(3y)111.64%
Profit Quality(5y)126.18%
High Growth Momentum
Growth
EPS 1Y (TTM)16.63%
EPS 3Y26.69%
EPS 5Y21.16%
EPS Q2Q%10.19%
EPS Next Y14.89%
EPS Next 2Y13.74%
EPS Next 3Y11.32%
EPS Next 5Y11.65%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
Revenue Next Year12.55%
Revenue Next 2Y10.45%
Revenue Next 3Y8.85%
Revenue Next 5Y9.05%
EBIT growth 1Y19.1%
EBIT growth 3Y26.12%
EBIT growth 5Y20.53%
EBIT Next Year39.16%
EBIT Next 3Y17.26%
EBIT Next 5Y15.08%
FCF growth 1Y83.29%
FCF growth 3Y20.76%
FCF growth 5Y14.2%
OCF growth 1Y77.62%
OCF growth 3Y21%
OCF growth 5Y13.95%
BADGER METER INC / BMI FAQ
What is the fundamental rating for BMI stock?
ChartMill assigns a fundamental rating of 7 / 10 to BMI.
What is the valuation status of BADGER METER INC (BMI) stock?
ChartMill assigns a valuation rating of 3 / 10 to BADGER METER INC (BMI). This can be considered as Overvalued.
Can you provide the profitability details for BADGER METER INC?
BADGER METER INC (BMI) has a profitability rating of 9 / 10.
What are the PE and PB ratios of BADGER METER INC (BMI) stock?
The Price/Earnings (PE) ratio for BADGER METER INC (BMI) is 37.75 and the Price/Book (PB) ratio is 7.44.
Can you provide the dividend sustainability for BMI stock?
The dividend rating of BADGER METER INC (BMI) is 6 / 10 and the dividend payout ratio is 30.1%.