BADGER METER INC (BMI) Fundamental Analysis & Valuation

NYSE:BMI • US0565251081

Current stock price

121.98 USD
+1.07 (+0.88%)
At close:
121.98 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

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

  • BMI's Return On Assets of 13.45% is amongst the best of the industry. BMI outperforms 96.77% of its industry peers.
  • The Return On Equity of BMI (18.91%) is better than 91.94% of its industry peers.
  • With an excellent Return On Invested Capital value of 15.84%, BMI belongs to the best of the industry, outperforming 94.35% of the companies in the same industry.
  • 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's Profit Margin of 14.56% is amongst the best of the industry. BMI outperforms 89.52% of its industry peers.
  • BMI's Profit Margin has improved in the last couple of years.
  • BMI has a Operating Margin of 18.86%. This is amongst the best in the industry. BMI outperforms 95.16% of its industry peers.
  • In the last couple of years the Operating Margin of BMI has grown nicely.
  • BMI's Gross Margin of 41.37% is fine compared to the rest of the industry. BMI outperforms 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BMI is still creating some value.
  • BMI has about the same amout of shares outstanding than it did 1 year ago.
  • BMI has more shares outstanding than it did 5 years ago.
  • 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.
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

  • BMI has an Altman-Z score of 10.49. This indicates that BMI is financially healthy and has little risk of bankruptcy at the moment.
  • BMI's Altman-Z score of 10.49 is amongst the best of the industry. BMI outperforms 84.68% 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 10.49
ROIC/WACC1.57
WACC10.07%
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

  • A Current Ratio of 3.00 indicates that BMI has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.00, BMI is in the better half of 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.
  • With a Quick ratio value of 1.97, BMI perfoms like the industry average, outperforming 55.65% of the companies in the same 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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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%.
  • BMI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.07% yearly.
  • Looking at the last year, BMI shows a small growth in Revenue. The Revenue has grown by 5.19% in the last 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

  • The Earnings Per Share is expected to grow by 8.72% on average over the next years. This is quite good.
  • 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

  • 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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5

4. BMI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 27.53, BMI can be considered very expensive at the moment.
  • BMI's Price/Earnings ratio is a bit cheaper when compared to the industry. BMI is cheaper than 75.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (26.64), we can say BMI is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 21.75, 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 73.39% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. BMI is around the same levels.
Industry RankSector Rank
PE 27.53
Fwd PE 21.75
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.
  • Based on the Price/Free Cash Flow ratio, BMI is valued cheaply inside the industry as 80.65% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 21.05
EV/EBITDA 16.4
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.
  • The excellent profitability rating of BMI may justify a higher PE ratio.
PEG (NY)3.6
PEG (5Y)1.19
EPS Next 2Y8.1%
EPS Next 3Y9.33%

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6

5. BMI Dividend Analysis

5.1 Amount

  • BMI has a Yearly Dividend Yield of 1.32%.
  • BMI's Dividend Yield is rather good when compared to the industry average which is at 0.42. BMI pays more dividend than 91.13% of the companies in the same industry.
  • Compared to the average S&P500 Dividend Yield of 1.80, BMI is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.32%

5.2 History

  • On average, the dividend of BMI grows each year by 16.20%, which is quite nice.
  • 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 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

  • 34.63% 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.
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

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BMI Fundamentals: All Metrics, Ratios and Statistics

BADGER METER INC

NYSE:BMI (5/1/2026, 8:12:02 PM)

After market: 121.98 0 (0%)

121.98

+1.07 (+0.88%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Industry Strength68.94
Industry Growth69.57
Earnings (Last)04-17
Earnings (Next)07-20
Inst Owners106.69%
Inst Owner Change-1.77%
Ins Owners0.62%
Ins Owner Change6.7%
Market Cap3.56B
Revenue(TTM)896.73M
Net Income(TTM)130.57M
Analysts75.29
Price Target155.9 (27.81%)
Short Float %10.95%
Short Ratio5.78
Dividend
Industry RankSector Rank
Dividend Yield 1.32%
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)-15.2%
PT rev (3m)-28.13%
EPS NQ rev (1m)-19.75%
EPS NQ rev (3m)-25.59%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-5.5%
Revenue NQ rev (1m)-10.55%
Revenue NQ rev (3m)-14.97%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)-4.21%
Valuation
Industry RankSector Rank
PE 27.53
Fwd PE 21.75
P/S 3.97
P/FCF 21.05
P/OCF 19.29
P/B 5.16
P/tB 10.43
EV/EBITDA 16.4
EPS(TTM)4.43
EY3.63%
EPS(NY)5.61
Fwd EY4.6%
FCF(TTM)5.79
FCFY4.75%
OCF(TTM)6.33
OCFY5.19%
SpS30.73
BVpS23.66
TBVpS11.7
PEG (NY)3.6
PEG (5Y)1.19
Graham Number48.5636 (-60.19%)
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 10.49
F-Score7
WACC10.07%
ROIC/WACC1.57
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 27.53 and the Price/Book (PB) ratio is 5.16.


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.