BADGER METER INC (BMI) Fundamental Analysis & Valuation

NYSE:BMI • US0565251081

Current stock price

146.59 USD
+2.29 (+1.59%)
At close:
146.59 USD
0 (0%)
After Hours:

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.
  • BMI had a positive operating cash flow in the past year.
  • BMI had positive earnings in each of the past 5 years.
  • BMI had a positive operating cash flow in each of the past 5 years.
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

  • With an excellent Return On Assets value of 14.55%, BMI belongs to the best of the industry, outperforming 95.16% of the companies in the same industry.
  • BMI has a Return On Equity of 19.86%. This is amongst the best in the industry. BMI outperforms 90.32% of its industry peers.
  • The Return On Invested Capital of BMI (16.73%) is better than 94.35% 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 8.67%.
  • The last Return On Invested Capital (16.73%) for BMI is above the 3 year average (16.29%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROIC 16.73%
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

  • The Profit Margin of BMI (15.45%) is better than 92.74% of its industry peers.
  • In the last couple of years the Profit Margin of BMI has grown nicely.
  • BMI has a Operating Margin of 20.01%. This is amongst the best in the industry. BMI outperforms 96.77% of its industry peers.
  • BMI's Operating Margin has improved in the last couple of years.
  • BMI's Gross Margin of 41.68% is fine compared to the rest of the industry. BMI outperforms 70.97% 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 20.01%
PM (TTM) 15.45%
GM 41.68%
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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9

2. BMI Health Analysis

2.1 Basic Checks

  • BMI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating 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 12.79 indicates that BMI is not in any danger for bankruptcy at the moment.
  • BMI has a better Altman-Z score (12.79) than 91.13% of its industry peers.
  • 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 12.79
ROIC/WACC1.83
WACC9.13%
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 3.36. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Current ratio value of 3.36, BMI is doing good in the industry, outperforming 66.13% of the companies in the same industry.
  • A Quick Ratio of 2.36 indicates that BMI has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 2.36, BMI is doing good in the industry, outperforming 62.10% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.36
Quick Ratio 2.36
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

5

3. BMI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.48% 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 23.07% on average per year.
  • Looking at the last year, BMI shows a quite strong growth in Revenue. The Revenue has grown by 10.90% in the last year.
  • BMI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.59% yearly.
EPS 1Y (TTM)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%

3.2 Future

  • Based on estimates for the next years, BMI will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.55% on average per year.
  • Based on estimates for the next years, BMI will show a small growth in Revenue. The Revenue will grow by 7.18% on average per year.
EPS Next Y7.63%
EPS Next 2Y8.25%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue Next Year4.37%
Revenue Next 2Y5.59%
Revenue Next 3Y6.44%
Revenue Next 5Y7.18%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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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4

4. BMI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 30.54 indicates a quite expensive valuation of BMI.
  • Based on the Price/Earnings ratio, BMI is valued a bit cheaper than the industry average as 66.94% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (25.70), we can say BMI is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 28.38, the valuation of BMI can be described as expensive.
  • 60.48% of the companies in the same industry are more expensive than BMI, based on the Price/Forward Earnings ratio.
  • BMI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.54
Fwd PE 28.38
BMI Price Earnings VS Forward Price EarningsBMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • BMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BMI is cheaper than 66.13% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 75.00% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.21
EV/EBITDA 18.58
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 BMI does not grow enough to justify the current Price/Earnings ratio.
  • BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4
PEG (5Y)1.32
EPS Next 2Y8.25%
EPS Next 3Y9.33%

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

6

5. BMI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.11%, BMI has a reasonable but not impressive dividend return.
  • The stock price of BMI dropped by -20.68% 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 0.46, BMI pays a better dividend. On top of this BMI pays more dividend than 86.29% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, BMI's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.11%

5.2 History

  • The dividend of BMI is nicely growing with an annual growth rate of 16.20%!
  • BMI has been paying a dividend for at least 10 years, so it has 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 Years18
Div Non Decr Years18
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 30.73% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of BMI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.73%
EPS Next 2Y8.25%
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

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BMI Fundamentals: All Metrics, Ratios and Statistics

BADGER METER INC

NYSE:BMI (3/13/2026, 8:12:04 PM)

After market: 146.59 0 (0%)

146.59

+2.29 (+1.59%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners106.26%
Inst Owner Change2.13%
Ins Owners0.65%
Ins Owner Change4.95%
Market Cap4.28B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts72.94
Price Target183.84 (25.41%)
Short Float %8.53%
Short Ratio6.54
Dividend
Industry RankSector Rank
Dividend Yield 1.11%
Yearly Dividend1.48
Dividend Growth(5Y)16.2%
DP30.73%
Div Incr Years18
Div Non Decr Years18
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-3.05%
Max EPS beat(2)3.55%
EPS beat(4)2
Avg EPS beat(4)3.71%
Min EPS beat(4)-7.6%
Max EPS beat(4)21.92%
EPS beat(8)4
Avg EPS beat(8)4.09%
EPS beat(12)8
Avg EPS beat(12)6.31%
EPS beat(16)10
Avg EPS beat(16)5.24%
Revenue beat(2)1
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-5.83%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-5.83%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)7
Avg Revenue beat(12)2.21%
Revenue beat(16)10
Avg Revenue beat(16)2.16%
PT rev (1m)-0.33%
PT rev (3m)-17.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.92%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)-5.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.62%
Revenue NY rev (1m)-1%
Revenue NY rev (3m)-3.8%
Valuation
Industry RankSector Rank
PE 30.54
Fwd PE 28.38
P/S 4.67
P/FCF 25.21
P/OCF 23.29
P/B 6
P/tB 11.91
EV/EBITDA 18.58
EPS(TTM)4.8
EY3.27%
EPS(NY)5.17
Fwd EY3.52%
FCF(TTM)5.81
FCFY3.97%
OCF(TTM)6.3
OCFY4.29%
SpS31.41
BVpS24.44
TBVpS12.31
PEG (NY)4
PEG (5Y)1.32
Graham Number51.38
Profitability
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROCE 22.29%
ROIC 16.73%
ROICexc 23.07%
ROICexgc 56.71%
OM 20.01%
PM (TTM) 15.45%
GM 41.68%
FCFM 18.51%
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-Score6
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 40.56%
Cap/Sales 1.53%
Interest Coverage 250
Cash Conversion 84.26%
Profit Quality 119.8%
Current Ratio 3.36
Quick Ratio 2.36
Altman-Z 12.79
F-Score6
WACC9.13%
ROIC/WACC1.83
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)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
EPS Next Y7.63%
EPS Next 2Y8.25%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%
Revenue Next Year4.37%
Revenue Next 2Y5.59%
Revenue Next 3Y6.44%
Revenue Next 5Y7.18%
EBIT growth 1Y16.14%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year24.68%
EBIT Next 3Y14.19%
EBIT Next 5Y11.6%
FCF growth 1Y19.31%
FCF growth 3Y30.38%
FCF growth 5Y16.08%
OCF growth 1Y18.49%
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 4 / 10 to BADGER METER INC (BMI). This can be considered as Fairly Valued.


Can you provide the profitability details for BADGER METER INC?

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


Can you provide the expected EPS growth for BMI stock?

The Earnings per Share (EPS) of BADGER METER INC (BMI) is expected to grow by 7.63% in the next year.


How sustainable is the dividend of BADGER METER INC (BMI) stock?

The dividend rating of BADGER METER INC (BMI) is 6 / 10 and the dividend payout ratio is 30.73%.