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DORCHESTER MINERALS LP (DMLP) Stock Fundamental Analysis

NASDAQ:DMLP - Nasdaq - US25820R1059 - Currency: USD

31.21  -0.88 (-2.74%)

Fundamental Rating

5

Overall DMLP gets a fundamental rating of 5 out of 10. We evaluated DMLP against 211 industry peers in the Oil, Gas & Consumable Fuels industry. DMLP has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. DMLP has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

DMLP had positive earnings in the past year.
DMLP had a positive operating cash flow in the past year.
DMLP had positive earnings in 4 of the past 5 years.
Of the past 5 years DMLP 4 years had a positive operating cash flow.
DMLP Yearly Net Income VS EBIT VS OCF VS FCFDMLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M

1.2 Ratios

DMLP has a better Return On Assets (27.52%) than 94.61% of its industry peers.
Looking at the Return On Equity, with a value of 28.00%, DMLP belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
The Return On Invested Capital of DMLP (22.86%) is better than 94.61% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DMLP is significantly above the industry average of 28.75%.
The 3 year average ROIC (48.84%) for DMLP is well above the current ROIC(22.86%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 27.52%
ROE 28%
ROIC 22.86%
ROA(3y)58.51%
ROA(5y)48.63%
ROE(3y)60.21%
ROE(5y)50.22%
ROIC(3y)48.84%
ROIC(5y)40.6%
DMLP Yearly ROA, ROE, ROICDMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60

1.3 Margins

DMLP has a Profit Margin of 64.45%. This is amongst the best in the industry. DMLP outperforms 94.12% of its industry peers.
DMLP's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 66.76%, DMLP belongs to the top of the industry, outperforming 93.63% of the companies in the same industry.
In the last couple of years the Operating Margin of DMLP has remained more or less at the same level.
Looking at the Gross Margin, with a value of 92.28%, DMLP belongs to the top of the industry, outperforming 96.57% of the companies in the same industry.
In the last couple of years the Gross Margin of DMLP has remained more or less at the same level.
Industry RankSector Rank
OM 66.76%
PM (TTM) 64.45%
GM 92.28%
OM growth 3Y14.27%
OM growth 5Y-1.07%
PM growth 3Y14.24%
PM growth 5Y-0.98%
GM growth 3Y1.75%
GM growth 5Y0.01%
DMLP Yearly Profit, Operating, Gross MarginsDMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 20 40 60 80

7

2. Health

2.1 Basic Checks

DMLP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
DMLP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DMLP Yearly Shares OutstandingDMLP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
DMLP Yearly Total Debt VS Total AssetsDMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2.2 Solvency

There is no outstanding debt for DMLP. 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 N/A
ROIC/WACC2.52
WACC9.06%
DMLP Yearly LT Debt VS Equity VS FCFDMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M

2.3 Liquidity

A Current Ratio of 14.21 indicates that DMLP has no problem at all paying its short term obligations.
DMLP has a better Current ratio (14.21) than 96.57% of its industry peers.
A Quick Ratio of 14.21 indicates that DMLP has no problem at all paying its short term obligations.
The Quick ratio of DMLP (14.21) is better than 96.57% of its industry peers.
Industry RankSector Rank
Current Ratio 14.21
Quick Ratio 14.21
DMLP Yearly Current Assets VS Current LiabilitesDMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

0

3. Growth

3.1 Past

EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-21.24%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
DMLP Yearly Revenue VS EstimatesDMLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
DMLP Yearly EPS VS EstimatesDMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.5 1 1.5 2

4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 14.72, the valuation of DMLP can be described as correct.
DMLP's Price/Earnings ratio is in line with the industry average.
DMLP is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.72
Fwd PE N/A
DMLP Price Earnings VS Forward Price EarningsDMLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

DMLP's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, DMLP is valued a bit cheaper than 66.18% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.63
EV/EBITDA 10.06
DMLP Per share dataDMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

DMLP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

6

5. Dividend

5.1 Amount

DMLP has a Yearly Dividend Yield of 10.03%, which is a nice return.
Compared to an average industry Dividend Yield of 6.67, DMLP pays a better dividend. On top of this DMLP pays more dividend than 88.24% of the companies listed in the same industry.
DMLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 10.03%

5.2 History

On average, the dividend of DMLP grows each year by 14.18%, which is quite nice.
DMLP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of DMLP decreased recently.
Dividend Growth(5Y)14.18%
Div Incr Years1
Div Non Decr Years1
DMLP Yearly Dividends per shareDMLP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

DMLP pays out 123.98% of its income as dividend. This is not a sustainable payout ratio.
DP123.98%
EPS Next 2YN/A
EPS Next 3YN/A
DMLP Yearly Income VS Free CF VS DividendDMLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M
DMLP Dividend Payout.DMLP Dividend Payout, showing the Payout Ratio.DMLP Dividend Payout.PayoutRetained Earnings

DORCHESTER MINERALS LP

NASDAQ:DMLP (2/21/2025, 8:14:11 PM)

31.21

-0.88 (-2.74%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20 2025-02-20/amc
Earnings (Next)04-30 2025-04-30
Inst Owners26.14%
Inst Owner Change-73.2%
Ins Owners6.05%
Ins Owner Change0.1%
Market Cap1.48B
Analysts0
Price TargetN/A
Short Float %0.81%
Short Ratio2.24
Dividend
Industry RankSector Rank
Dividend Yield 10.03%
Yearly Dividend3.48
Dividend Growth(5Y)14.18%
DP123.98%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-03 2025-02-03 (0.739412)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 14.72
Fwd PE N/A
P/S 8.58
P/FCF 10.63
P/OCF 10.63
P/B 3.73
P/tB 3.73
EV/EBITDA 10.06
EPS(TTM)2.12
EY6.79%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.94
FCFY9.41%
OCF(TTM)2.94
OCFY9.41%
SpS3.64
BVpS8.37
TBVpS8.37
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 27.52%
ROE 28%
ROCE 28.94%
ROIC 22.86%
ROICexc 26.65%
ROICexgc 26.65%
OM 66.76%
PM (TTM) 64.45%
GM 92.28%
FCFM 80.73%
ROA(3y)58.51%
ROA(5y)48.63%
ROE(3y)60.21%
ROE(5y)50.22%
ROIC(3y)48.84%
ROIC(5y)40.6%
ROICexc(3y)63.56%
ROICexc(5y)51.15%
ROICexgc(3y)63.56%
ROICexgc(5y)51.15%
ROCE(3y)61.83%
ROCE(5y)51.39%
ROICexcg growth 3Y41.07%
ROICexcg growth 5Y0.95%
ROICexc growth 3Y41.07%
ROICexc growth 5Y0.95%
OM growth 3Y14.27%
OM growth 5Y-1.07%
PM growth 3Y14.24%
PM growth 5Y-0.98%
GM growth 3Y1.75%
GM growth 5Y0.01%
F-Score6
Asset Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 98.41%
Profit Quality 125.27%
Current Ratio 14.21
Quick Ratio 14.21
Altman-Z N/A
F-Score6
WACC9.06%
ROIC/WACC2.52
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)115.67%
Profit Quality(5y)132.5%
High Growth Momentum
Growth
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%N/A
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-21.24%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y8.69%
EBIT growth 3Y73.37%
EBIT growth 5Y16.19%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y2.09%
FCF growth 3Y52.54%
FCF growth 5Y17.48%
OCF growth 1Y2.09%
OCF growth 3Y52.54%
OCF growth 5Y17.48%