BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
14.65 USD
-0.08 (-0.54%)
Overall BSM gets a fundamental rating of 6 out of 10. We evaluated BSM against 209 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 it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BSM had positive earnings in the past year.
In the past year BSM had a positive cash flow from operations.
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
With an excellent Return On Assets value of 19.25%, BSM belongs to the best of the industry, outperforming 95.69% of the companies in the same industry.
BSM has a Return On Equity of 21.74%. This is amongst the best in the industry. BSM outperforms 89.47% of its industry peers.
Looking at the Return On Invested Capital, with a value of 17.75%, BSM belongs to the top of the industry, outperforming 95.69% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BSM is above the industry average of 20.88%.
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 Profit Margin of 56.23%. This is amongst the best in the industry. BSM outperforms 94.26% of its industry peers.
In the last couple of years the Profit Margin of BSM has grown nicely.
With an excellent Operating Margin value of 64.62%, BSM belongs to the best of the industry, outperforming 95.22% of the companies in the same industry.
In the last couple of years the Operating Margin of BSM has grown nicely.
The Gross Margin of BSM (88.27%) is better than 94.74% of its industry peers.
BSM's Gross Margin has been stable in the last couple of years.
| 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
BSM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
BSM has less shares outstanding than it did 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 has a better Debt to FCF ratio (0.42) than 89.47% 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.
Looking at the Debt to Equity ratio, with a value of 0.08, BSM is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.02
WACC8.79%
2.3 Liquidity
A Current Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
BSM has a better Current ratio (4.37) than 87.08% of its industry peers.
A Quick Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
The Quick ratio of BSM (4.37) is better than 88.04% of its industry peers.
| 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%.
Measured over the past 5 years, BSM shows a small growth in Earnings Per Share. The EPS has been growing by 5.02% on average per year.
The Revenue for BSM has decreased by -19.58% 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)-19.58%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%1.94%
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 7.00% on average per year.
The Revenue is expected to grow by 3.97% on average over the next years.
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue Next Year-6.87%
Revenue Next 2Y1.34%
Revenue Next 3Y3.97%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
BSM is valuated correctly with a Price/Earnings ratio of 12.96.
Based on the Price/Earnings ratio, BSM is valued a bit cheaper than 64.59% of the companies in the same industry.
BSM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.49.
BSM is valuated correctly with a Price/Forward Earnings ratio of 12.19.
64.11% of the companies in the same industry are more expensive than BSM, based on the Price/Forward Earnings ratio.
BSM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.96 | ||
| Fwd PE | 12.19 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BSM is on the same level as its industry peers.
65.55% of the companies in the same industry are more expensive than BSM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.84 | ||
| EV/EBITDA | 10.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BSM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.87
PEG (5Y)2.58
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
BSM has a Yearly Dividend Yield of 8.26%, which is a nice return.
Compared to an average industry Dividend Yield of 5.71, BSM pays a better dividend. On top of this BSM pays more dividend than 84.69% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.26% |
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 135.16% 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.
DP135.16%
EPS Next 2Y2.23%
EPS Next 3Y7%
NYSE:BSM (12/8/2025, 11:23:51 AM)
14.65
-0.08 (-0.54%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.14%
Inst Owner Change-28.53%
Ins Owners16.8%
Ins Owner Change1.35%
Market Cap3.10B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (4.44%)
Short Float %1.96%
Short Ratio7.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.26% |
Yearly Dividend1.68
Dividend Growth(5Y)1.14%
DP135.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-1.85%
EPS NQ rev (3m)-12.64%
EPS NY rev (1m)6.57%
EPS NY rev (3m)10.53%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-20.64%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-8.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.96 | ||
| Fwd PE | 12.19 | ||
| P/S | 7.14 | ||
| P/FCF | 13.84 | ||
| P/OCF | 9.24 | ||
| P/B | 2.76 | ||
| P/tB | 2.76 | ||
| EV/EBITDA | 10.03 |
EPS(TTM)1.13
EY7.71%
EPS(NY)1.2
Fwd EY8.2%
FCF(TTM)1.06
FCFY7.22%
OCF(TTM)1.59
OCFY10.83%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.87
PEG (5Y)2.58
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
WACC8.79%
ROIC/WACC2.02
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-6.87%
Revenue Next 2Y1.34%
Revenue Next 3Y3.97%
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 6 / 10 to BSM.
Can you provide the valuation status for BLACK STONE MINERALS LP?
ChartMill assigns a valuation rating of 5 / 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 135.16%.