BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - NYSE:BSM - US09225M1018
13.31 USD
+0.16 (+1.22%)
13.31 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to BSM. BSM was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. BSM gets an excellent profitability rating and is at the same time showing great financial health properties. BSM has a valuation in line with the averages, but it does not seem to be growing.
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.
In the past 5 years BSM has always been profitable.
Each year in the past 5 years BSM had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 19.37%, BSM belongs to the top of the industry, outperforming 95.71% of the companies in the same industry.
BSM's Return On Equity of 22.27% is amongst the best of the industry. BSM outperforms 88.10% of its industry peers.
BSM's Return On Invested Capital of 17.86% is amongst the best of the industry. BSM outperforms 94.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSM is above the industry average of 21.78%.
The 3 year average ROIC (25.28%) for BSM is well above the current ROIC(17.86%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.37% | ||
| ROE | 22.27% | ||
| ROIC | 17.86% |
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
The Profit Margin of BSM (56.16%) is better than 94.29% of its industry peers.
BSM's Profit Margin has improved in the last couple of years.
The Operating Margin of BSM (64.04%) is better than 94.76% of its industry peers.
BSM's Operating Margin has improved in the last couple of years.
The Gross Margin of BSM (88.08%) is better than 94.76% 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 | 64.04% | ||
| PM (TTM) | 56.16% | ||
| GM | 88.08% |
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.
BSM has less shares outstanding than it did 1 year ago.
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
The Debt to FCF ratio of BSM is 0.44, which is an excellent value as it means it would take BSM, only 0.44 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BSM (0.44) is better than 90.95% of its industry peers.
BSM has a Debt/Equity ratio of 0.09. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.09, BSM is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.09 | ||
| Debt/FCF | 0.44 | ||
| Altman-Z | N/A |
ROIC/WACC2.04
WACC8.77%
2.3 Liquidity
BSM has a Current Ratio of 3.22. This indicates that BSM is financially healthy and has no problem in meeting its short term obligations.
BSM has a better Current ratio (3.22) than 85.24% of its industry peers.
A Quick Ratio of 3.22 indicates that BSM has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.22, BSM belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 3.22 |
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.
The Revenue for BSM has decreased by -26.77% in the past year. This is quite bad
Measured over the past years, BSM shows a decrease in Revenue. The Revenue has been decreasing by -2.32% on average per year.
EPS 1Y (TTM)-30.25%
EPS 3Y13.82%
EPS 5Y5.02%
EPS Q2Q%-2.44%
Revenue 1Y (TTM)-26.77%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%28.39%
3.2 Future
Based on estimates for the next years, BSM will show a small growth in Earnings Per Share. The EPS will grow by 5.05% on average per year.
BSM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.46% yearly.
EPS Next Y-1.93%
EPS Next 2Y2.23%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue Next Year-6.38%
Revenue Next 2Y1.7%
Revenue Next 3Y4.46%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
A Price/Earnings ratio of 11.78 indicates a reasonable valuation of BSM.
68.10% of the companies in the same industry are more expensive than BSM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of BSM to the average of the S&P500 Index (25.83), we can say BSM is valued rather cheaply.
The Price/Forward Earnings ratio is 11.07, which indicates a very decent valuation of BSM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSM indicates a somewhat cheap valuation: BSM is cheaper than 68.10% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of BSM to the average of the S&P500 Index (32.68), we can say BSM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 11.07 |
4.2 Price Multiples
BSM's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, BSM is valued a bit cheaper than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.64 | ||
| EV/EBITDA | 8.99 |
4.3 Compensation for Growth
The excellent profitability rating of BSM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.34
EPS Next 2Y2.23%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.00%, BSM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.76, BSM pays a better dividend. On top of this BSM pays more dividend than 85.24% 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
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
BSM pays out 140.90% of its income as dividend. This is not a sustainable payout ratio.
BSM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP140.9%
EPS Next 2Y2.23%
EPS Next 3Y5.05%
13.31
+0.16 (+1.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.15%
Inst Owner Change-29.54%
Ins Owners17.81%
Ins Owner Change1.16%
Market Cap2.82B
Revenue(TTM)433.70M
Net Income(TTM)245.59M
Analysts72.5
Price Target15.3 (14.95%)
Short Float %2%
Short Ratio7.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9% |
Yearly Dividend1.68
Dividend Growth(5Y)1.14%
DP140.9%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-11.38%
Min EPS beat(2)-93.88%
Max EPS beat(2)71.11%
EPS beat(4)2
Avg EPS beat(4)-14.95%
Min EPS beat(4)-93.88%
Max EPS beat(4)71.11%
EPS beat(8)3
Avg EPS beat(8)-13.88%
EPS beat(12)6
Avg EPS beat(12)7.9%
EPS beat(16)8
Avg EPS beat(16)11.11%
Revenue beat(2)0
Avg Revenue beat(2)-3.32%
Min Revenue beat(2)-3.91%
Max Revenue beat(2)-2.74%
Revenue beat(4)0
Avg Revenue beat(4)-11.26%
Min Revenue beat(4)-25.2%
Max Revenue beat(4)-2.74%
Revenue beat(8)1
Avg Revenue beat(8)-3.89%
Revenue beat(12)3
Avg Revenue beat(12)2.18%
Revenue beat(16)5
Avg Revenue beat(16)1.03%
PT rev (1m)0%
PT rev (3m)-3.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.83%
EPS NY rev (1m)0%
EPS NY rev (3m)7.89%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)-12.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 11.07 | ||
| P/S | 6.45 | ||
| P/FCF | 12.64 | ||
| P/OCF | 8.56 | ||
| P/B | 2.56 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 8.99 |
EPS(TTM)1.13
EY8.49%
EPS(NY)1.2
Fwd EY9.03%
FCF(TTM)1.05
FCFY7.91%
OCF(TTM)1.56
OCFY11.69%
SpS2.06
BVpS5.2
TBVpS5.2
PEG (NY)N/A
PEG (5Y)2.34
Graham Number11.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.37% | ||
| ROE | 22.27% | ||
| ROCE | 22.61% | ||
| ROIC | 17.86% | ||
| ROICexc | 17.9% | ||
| ROICexgc | 17.9% | ||
| OM | 64.04% | ||
| PM (TTM) | 56.16% | ||
| GM | 88.08% | ||
| FCFM | 51.03% |
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 | 0.09 | ||
| Debt/FCF | 0.44 | ||
| Debt/EBITDA | 0.31 | ||
| Cap/Depr | 262.5% | ||
| Cap/Sales | 24.32% | ||
| Interest Coverage | 66.99 | ||
| Cash Conversion | 102.78% | ||
| Profit Quality | 90.86% | ||
| Current Ratio | 3.22 | ||
| Quick Ratio | 3.22 | ||
| Altman-Z | N/A |
F-Score5
WACC8.77%
ROIC/WACC2.04
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 Y-1.93%
EPS Next 2Y2.23%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue 1Y (TTM)-26.77%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%28.39%
Revenue Next Year-6.38%
Revenue Next 2Y1.7%
Revenue Next 3Y4.46%
Revenue Next 5YN/A
EBIT growth 1Y-18.1%
EBIT growth 3Y13.99%
EBIT growth 5Y3.03%
EBIT Next Year6.92%
EBIT Next 3Y9.85%
EBIT Next 5YN/A
FCF growth 1Y-57.91%
FCF growth 3Y4.19%
FCF growth 5Y-1.89%
OCF growth 1Y-38.44%
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.
Can you provide the valuation status for BLACK STONE MINERALS LP?
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.
What is the financial health of BLACK STONE MINERALS LP (BSM) stock?
The financial health rating of BLACK STONE MINERALS LP (BSM) is 7 / 10.
Can you provide the dividend sustainability for BSM stock?
The dividend rating of BLACK STONE MINERALS LP (BSM) is 6 / 10 and the dividend payout ratio is 140.9%.