BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
14.09 USD
-0.06 (-0.42%)
14.09 USD
0 (0%)
Overall BSM gets a fundamental rating of 7 out of 10. We evaluated BSM against 208 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making BSM a very profitable company, without any liquidiy or solvency issues. BSM has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year BSM was profitable.
- BSM had a positive operating cash flow in the past year.
- Each year in the past 5 years BSM has been profitable.
- BSM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- BSM has a Return On Assets of 19.25%. This is amongst the best in the industry. BSM outperforms 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.
- BSM's Return On Invested Capital of 17.75% is amongst the best of the industry. BSM outperforms 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
- BSM has a better Profit Margin (56.23%) than 94.23% of its industry peers.
- BSM's Profit Margin has improved in the last couple of years.
- The Operating Margin of BSM (64.62%) is better than 95.67% of its industry peers.
- BSM's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 88.27%, BSM belongs to the top of the industry, outperforming 94.23% of the companies in the same industry.
- 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.
- Compared to 1 year ago, BSM has less shares outstanding
- Compared to 5 years ago, BSM has more shares outstanding
- The debt/assets ratio for BSM is higher compared to a year ago.
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.
- Looking at the Debt to FCF ratio, with a value of 0.42, BSM belongs to the top of the industry, outperforming 89.42% of the companies in the same industry.
- A Debt/Equity ratio of 0.08 indicates that BSM is not too dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.08, BSM belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2
WACC8.89%
2.3 Liquidity
- A Current Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 4.37, BSM belongs to the top of the industry, outperforming 86.54% of the companies in the same industry.
- 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
- The earnings per share for BSM have decreased strongly by -30.25% in the last year.
- The Earnings Per Share has been growing slightly by 5.02% on average over the past years.
- The Revenue for BSM has decreased by -19.58% in the past year. This is quite bad
- The Revenue has been decreasing by -2.32% on average over the past years.
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
- The Earnings Per Share is expected to grow by 7.00% on average over the next years.
- The Revenue is expected to grow by 3.96% on average over the next years.
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- BSM is valuated correctly with a Price/Earnings ratio of 12.47.
- Compared to the rest of the industry, the Price/Earnings ratio of BSM indicates a somewhat cheap valuation: BSM is cheaper than 67.79% of the companies listed in the same industry.
- BSM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.47.
- Based on the Price/Forward Earnings ratio of 11.72, the valuation of BSM can be described as reasonable.
- Based on the Price/Forward Earnings ratio, BSM is valued a bit cheaper than 67.31% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of BSM to the average of the S&P500 Index (24.26), we can say BSM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.47 | ||
| Fwd PE | 11.72 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as BSM.
- Based on the Price/Free Cash Flow ratio, BSM is valued a bit cheaper than the industry average as 67.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.31 | ||
| EV/EBITDA | 9.65 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSM does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of BSM may justify a higher PE ratio.
PEG (NY)2.76
PEG (5Y)2.48
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 8.48%, BSM is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.83, BSM pays a better dividend. On top of this BSM pays more dividend than 85.10% of the companies listed in the same industry.
- BSM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
5.2 History
- The dividend of BSM has a limited annual growth rate of 1.14%.
- BSM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 135.16% of the earnings are spent on dividend by BSM. 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%
14.09
-0.06 (-0.42%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners14.17%
Inst Owner Change-0.06%
Ins Owners16.8%
Ins Owner Change0.85%
Market Cap2.99B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (8.59%)
Short Float %1.97%
Short Ratio7.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
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 | 12.47 | ||
| Fwd PE | 11.72 | ||
| P/S | 6.86 | ||
| P/FCF | 13.31 | ||
| P/OCF | 8.88 | ||
| P/B | 2.65 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 9.65 |
EPS(TTM)1.13
EY8.02%
EPS(NY)1.2
Fwd EY8.53%
FCF(TTM)1.06
FCFY7.51%
OCF(TTM)1.59
OCFY11.26%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.76
PEG (5Y)2.48
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
WACC8.89%
ROIC/WACC2
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 12.47 and the Price/Book (PB) ratio is 2.65.
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.