BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
14.03 USD
+0.29 (+2.11%)
14.03 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to BSM. BSM was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. BSM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BSM has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
BSM had positive earnings in the past year.
BSM had a positive operating cash flow in the past year.
Each year in the past 5 years BSM has been profitable.
Each year in the past 5 years BSM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BSM (19.25%) is better than 95.19% of its industry peers.
With an excellent Return On Equity value of 21.74%, BSM belongs to the best of the industry, outperforming 89.42% of the companies in the same industry.
The Return On Invested Capital of BSM (17.75%) is better than 95.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSM is above the industry average of 21.83%.
The 3 year average ROIC (25.28%) for BSM is well above the current ROIC(17.75%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.25% | ||
| ROE | 21.74% | ||
| ROIC | 17.75% |
ROA(3y)29.1%
ROA(5y)21.66%
ROE(3y)30.66%
ROE(5y)23.33%
ROIC(3y)25.28%
ROIC(5y)19.74%
1.3 Margins
With an excellent Profit Margin value of 56.23%, BSM belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
In the last couple of years the Profit Margin of BSM has grown nicely.
Looking at the Operating Margin, with a value of 64.62%, BSM belongs to the top of the industry, outperforming 95.67% of the companies in the same industry.
BSM's Operating Margin has improved in the last couple of years.
The Gross Margin of BSM (88.27%) is better than 94.23% of its industry peers.
In the last couple of years the Gross Margin of BSM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.62% | ||
| PM (TTM) | 56.23% | ||
| GM | 88.27% |
OM growth 3Y7.06%
OM growth 5Y5.48%
PM growth 3Y7.56%
PM growth 5Y7.06%
GM growth 3Y1.53%
GM growth 5Y0.56%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BSM is creating value.
The number of shares outstanding for BSM has been reduced compared to 1 year ago.
The number of shares outstanding for BSM has been increased compared to 5 years ago.
BSM has a worse debt/assets ratio than last year.
2.2 Solvency
BSM has a debt to FCF ratio of 0.42. This is a very positive value and a sign of high solvency as it would only need 0.42 years to pay back of all of its debts.
BSM's Debt to FCF ratio of 0.42 is amongst the best of the industry. BSM outperforms 89.42% of its industry peers.
BSM has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
BSM's Debt to Equity ratio of 0.08 is amongst the best of the industry. BSM outperforms 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.01
WACC8.83%
2.3 Liquidity
BSM has a Current Ratio of 4.37. This indicates that BSM is financially healthy and has no problem in meeting its short term obligations.
BSM has a better Current ratio (4.37) than 86.54% of its industry peers.
BSM has a Quick Ratio of 4.37. This indicates that BSM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.37, BSM belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 |
3. Growth
3.1 Past
BSM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.25%.
The Earnings Per Share has been growing slightly by 5.02% on average over the past years.
BSM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.58%.
BSM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.32% yearly.
EPS 1Y (TTM)-30.25%
EPS 3Y13.82%
EPS 5Y5.02%
EPS Q2Q%-2.44%
Revenue 1Y (TTM)-19.58%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%1.94%
3.2 Future
BSM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.00% yearly.
BSM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.96% yearly.
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue Next Year-6.62%
Revenue Next 2Y1.13%
Revenue Next 3Y3.96%
Revenue Next 5YN/A
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.42, the valuation of BSM can be described as correct.
BSM's Price/Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 67.79% of the companies in the same industry.
When comparing the Price/Earnings ratio of BSM to the average of the S&P500 Index (27.25), we can say BSM is valued rather cheaply.
The Price/Forward Earnings ratio is 11.67, which indicates a very decent valuation of BSM.
Based on the Price/Forward Earnings ratio, BSM is valued a bit cheaper than the industry average as 67.79% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.98. BSM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.42 | ||
| Fwd PE | 11.67 |
4.2 Price Multiples
BSM's Enterprise Value to EBITDA is on the same level as the industry average.
BSM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSM is cheaper than 66.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.26 | ||
| EV/EBITDA | 9.38 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BSM may justify a higher PE ratio.
PEG (NY)2.75
PEG (5Y)2.47
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
BSM has a Yearly Dividend Yield of 8.73%, which is a nice return.
BSM's Dividend Yield is rather good when compared to the industry average which is at 3.91. BSM pays more dividend than 85.10% of the companies in the same industry.
BSM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.73% |
5.2 History
The dividend of BSM has a limited annual growth rate of 1.14%.
BSM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BSM pays out 135.16% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BSM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP135.16%
EPS Next 2Y2.23%
EPS Next 3Y7%
14.03
+0.29 (+2.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.17%
Inst Owner Change-0.06%
Ins Owners16.8%
Ins Owner Change0.85%
Market Cap2.97B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (9.05%)
Short Float %1.97%
Short Ratio7.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.73% |
Yearly Dividend1.68
Dividend Growth(5Y)1.14%
DP135.16%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)56.28%
Min EPS beat(2)41.44%
Max EPS beat(2)71.11%
EPS beat(4)2
Avg EPS beat(4)-8.18%
Min EPS beat(4)-93.88%
Max EPS beat(4)71.11%
EPS beat(8)4
Avg EPS beat(8)-3.97%
EPS beat(12)6
Avg EPS beat(12)4.21%
EPS beat(16)9
Avg EPS beat(16)17.9%
Revenue beat(2)1
Avg Revenue beat(2)-1.22%
Min Revenue beat(2)-3.91%
Max Revenue beat(2)1.46%
Revenue beat(4)1
Avg Revenue beat(4)-7.6%
Min Revenue beat(4)-25.2%
Max Revenue beat(4)1.46%
Revenue beat(8)2
Avg Revenue beat(8)-1.85%
Revenue beat(12)3
Avg Revenue beat(12)0.23%
Revenue beat(16)6
Avg Revenue beat(16)3.31%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-9.43%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)0%
EPS NY rev (3m)6.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.53%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.42 | ||
| Fwd PE | 11.67 | ||
| P/S | 6.83 | ||
| P/FCF | 13.26 | ||
| P/OCF | 8.85 | ||
| P/B | 2.64 | ||
| P/tB | 2.64 | ||
| EV/EBITDA | 9.38 |
EPS(TTM)1.13
EY8.05%
EPS(NY)1.2
Fwd EY8.57%
FCF(TTM)1.06
FCFY7.54%
OCF(TTM)1.59
OCFY11.3%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.75
PEG (5Y)2.47
Graham Number11.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.25% | ||
| ROE | 21.74% | ||
| ROCE | 22.47% | ||
| ROIC | 17.75% | ||
| ROICexc | 17.79% | ||
| ROICexgc | 17.79% | ||
| OM | 64.62% | ||
| PM (TTM) | 56.23% | ||
| GM | 88.27% | ||
| FCFM | 51.55% |
ROA(3y)29.1%
ROA(5y)21.66%
ROE(3y)30.66%
ROE(5y)23.33%
ROIC(3y)25.28%
ROIC(5y)19.74%
ROICexc(3y)25.87%
ROICexc(5y)20.12%
ROICexgc(3y)25.87%
ROICexgc(5y)20.12%
ROCE(3y)32%
ROCE(5y)24.99%
ROICexgc growth 3Y13.21%
ROICexgc growth 5Y8.09%
ROICexc growth 3Y13.21%
ROICexc growth 5Y8.09%
OM growth 3Y7.06%
OM growth 5Y5.48%
PM growth 3Y7.56%
PM growth 5Y7.06%
GM growth 3Y1.53%
GM growth 5Y0.56%
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 285.5% | ||
| Cap/Sales | 25.7% | ||
| Interest Coverage | 47.61 | ||
| Cash Conversion | 104.93% | ||
| Profit Quality | 91.67% | ||
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 | ||
| Altman-Z | N/A |
F-Score5
WACC8.83%
ROIC/WACC2.01
Cap/Depr(3y)108.08%
Cap/Depr(5y)70.81%
Cap/Sales(3y)10.59%
Cap/Sales(5y)7.45%
Profit Quality(3y)109.65%
Profit Quality(5y)150.85%
High Growth Momentum
Growth
EPS 1Y (TTM)-30.25%
EPS 3Y13.82%
EPS 5Y5.02%
EPS Q2Q%-2.44%
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.58%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%1.94%
Revenue Next Year-6.62%
Revenue Next 2Y1.13%
Revenue Next 3Y3.96%
Revenue Next 5YN/A
EBIT growth 1Y-24.69%
EBIT growth 3Y13.99%
EBIT growth 5Y3.03%
EBIT Next Year7.08%
EBIT Next 3Y8.32%
EBIT Next 5YN/A
FCF growth 1Y-58.32%
FCF growth 3Y4.19%
FCF growth 5Y-1.89%
OCF growth 1Y-38.17%
OCF growth 3Y14.84%
OCF growth 5Y-1.17%
BLACK STONE MINERALS LP / BSM FAQ
What is the fundamental rating for BSM stock?
ChartMill assigns a fundamental rating of 7 / 10 to BSM.
What is the valuation status of BLACK STONE MINERALS LP (BSM) stock?
ChartMill assigns a valuation rating of 6 / 10 to BLACK STONE MINERALS LP (BSM). This can be considered as Fairly Valued.
What is the profitability of BSM stock?
BLACK STONE MINERALS LP (BSM) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for BSM stock?
The Price/Earnings (PE) ratio for BLACK STONE MINERALS LP (BSM) is 12.42 and the Price/Book (PB) ratio is 2.64.
What is the expected EPS growth for BLACK STONE MINERALS LP (BSM) stock?
The Earnings per Share (EPS) of BLACK STONE MINERALS LP (BSM) is expected to grow by 4.51% in the next year.