BALCHEM CORP (BCPC) Stock Fundamental Analysis
USA - NASDAQ:BCPC - US0576652004 - Common Stock
156.75 USD
-0.24 (-0.15%)
156.75 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to BCPC. BCPC was compared to 82 industry peers in the Chemicals industry. BCPC gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, BCPC is valued expensive at the moment. These ratings would make BCPC suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year BCPC was profitable.
In the past year BCPC had a positive cash flow from operations.
Each year in the past 5 years BCPC has been profitable.
In the past 5 years BCPC always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.98%, BCPC belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
With an excellent Return On Equity value of 11.50%, BCPC belongs to the best of the industry, outperforming 80.49% of the companies in the same industry.
BCPC has a Return On Invested Capital of 10.44%. This is amongst the best in the industry. BCPC outperforms 87.80% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BCPC is above the industry average of 6.13%.
The last Return On Invested Capital (10.44%) for BCPC is above the 3 year average (8.80%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.98% | ||
| ROE | 11.5% | ||
| ROIC | 10.44% |
ROA(3y)7.15%
ROA(5y)7.34%
ROE(3y)10.9%
ROE(5y)10.78%
ROIC(3y)8.8%
ROIC(5y)8.82%
1.3 Margins
With an excellent Profit Margin value of 14.72%, BCPC belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
BCPC's Profit Margin has improved in the last couple of years.
BCPC has a Operating Margin of 20.23%. This is amongst the best in the industry. BCPC outperforms 86.59% of its industry peers.
BCPC's Operating Margin has improved in the last couple of years.
BCPC has a better Gross Margin (35.82%) than 71.95% of its industry peers.
In the last couple of years the Gross Margin of BCPC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.23% | ||
| PM (TTM) | 14.72% | ||
| GM | 35.82% |
OM growth 3Y6.43%
OM growth 5Y3.44%
PM growth 3Y3.85%
PM growth 5Y1.7%
GM growth 3Y5.02%
GM growth 5Y1.43%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BCPC is still creating some value.
Compared to 1 year ago, BCPC has more shares outstanding
The number of shares outstanding for BCPC has been increased compared to 5 years ago.
Compared to 1 year ago, BCPC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 10.53 indicates that BCPC is not in any danger for bankruptcy at the moment.
The Altman-Z score of BCPC (10.53) is better than 100.00% of its industry peers.
The Debt to FCF ratio of BCPC is 0.96, which is an excellent value as it means it would take BCPC, only 0.96 years of fcf income to pay off all of its debts.
BCPC's Debt to FCF ratio of 0.96 is amongst the best of the industry. BCPC outperforms 96.34% of its industry peers.
BCPC has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of BCPC (0.12) is better than 90.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.96 | ||
| Altman-Z | 10.53 |
ROIC/WACC1.21
WACC8.6%
2.3 Liquidity
BCPC has a Current Ratio of 2.72. This indicates that BCPC is financially healthy and has no problem in meeting its short term obligations.
BCPC's Current ratio of 2.72 is fine compared to the rest of the industry. BCPC outperforms 76.83% of its industry peers.
BCPC has a Quick Ratio of 1.67. This is a normal value and indicates that BCPC is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.67, BCPC is doing good in the industry, outperforming 69.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.67 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.33% over the past year.
BCPC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.55% yearly.
Looking at the last year, BCPC shows a small growth in Revenue. The Revenue has grown by 7.55% in the last year.
Measured over the past years, BCPC shows a quite strong growth in Revenue. The Revenue has been growing by 8.18% on average per year.
EPS 1Y (TTM)18.33%
EPS 3Y7.05%
EPS 5Y6.55%
EPS Q2Q%19.47%
Revenue 1Y (TTM)7.55%
Revenue growth 3Y6.08%
Revenue growth 5Y8.18%
Sales Q2Q%11.51%
3.2 Future
Based on estimates for the next years, BCPC will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.22% on average per year.
The Revenue is expected to grow by 5.68% on average over the next years.
EPS Next Y19.93%
EPS Next 2Y13.43%
EPS Next 3Y10.22%
EPS Next 5YN/A
Revenue Next Year8.15%
Revenue Next 2Y7.02%
Revenue Next 3Y5.68%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.54, which means the current valuation is very expensive for BCPC.
BCPC's Price/Earnings ratio is a bit more expensive when compared to the industry. BCPC is more expensive than 62.20% of the companies in the same industry.
BCPC's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 25.89.
With a Price/Forward Earnings ratio of 27.81, BCPC can be considered very expensive at the moment.
BCPC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BCPC is more expensive than 62.20% of the companies in the same industry.
BCPC's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.54 | ||
| Fwd PE | 27.81 |
4.2 Price Multiples
BCPC's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. BCPC is more expensive than 71.95% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as BCPC.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.49 | ||
| EV/EBITDA | 20.75 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of BCPC may justify a higher PE ratio.
PEG (NY)1.58
PEG (5Y)4.82
EPS Next 2Y13.43%
EPS Next 3Y10.22%
5. Dividend
5.1 Amount
BCPC has a yearly dividend return of 0.57%, which is pretty low.
BCPC's Dividend Yield is slightly below the industry average, which is at 3.96.
With a Dividend Yield of 0.57, BCPC pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
On average, the dividend of BCPC grows each year by 11.02%, which is quite nice.
BCPC has paid a dividend for at least 10 years, which is a reliable track record.
BCPC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.02%
Div Incr Years15
Div Non Decr Years26
5.3 Sustainability
BCPC pays out 18.95% of its income as dividend. This is a sustainable payout ratio.
BCPC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP18.95%
EPS Next 2Y13.43%
EPS Next 3Y10.22%
156.75
-0.24 (-0.15%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners90.92%
Inst Owner Change-0.02%
Ins Owners0.44%
Ins Owner Change0.18%
Market Cap5.09B
Revenue(TTM)1.01B
Net Income(TTM)149.20M
Analysts82.5
Price Target204.68 (30.58%)
Short Float %1.35%
Short Ratio2.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend0.79
Dividend Growth(5Y)11.02%
DP18.95%
Div Incr Years15
Div Non Decr Years26
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.32%
Min EPS beat(2)-0.39%
Max EPS beat(2)1.03%
EPS beat(4)2
Avg EPS beat(4)-0.16%
Min EPS beat(4)-1.56%
Max EPS beat(4)1.03%
EPS beat(8)5
Avg EPS beat(8)0.7%
EPS beat(12)9
Avg EPS beat(12)6.39%
EPS beat(16)12
Avg EPS beat(16)8.18%
Revenue beat(2)2
Avg Revenue beat(2)0.81%
Min Revenue beat(2)0.06%
Max Revenue beat(2)1.56%
Revenue beat(4)2
Avg Revenue beat(4)-0.09%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)1.56%
Revenue beat(8)3
Avg Revenue beat(8)-1.34%
Revenue beat(12)3
Avg Revenue beat(12)-2.53%
Revenue beat(16)6
Avg Revenue beat(16)-0.88%
PT rev (1m)0.17%
PT rev (3m)1.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.77%
EPS NY rev (1m)0.98%
EPS NY rev (3m)1.48%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)0.49%
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.54 | ||
| Fwd PE | 27.81 | ||
| P/S | 5.02 | ||
| P/FCF | 31.49 | ||
| P/OCF | 25.24 | ||
| P/B | 3.92 | ||
| P/tB | 16.21 | ||
| EV/EBITDA | 20.75 |
EPS(TTM)4.97
EY3.17%
EPS(NY)5.64
Fwd EY3.6%
FCF(TTM)4.98
FCFY3.18%
OCF(TTM)6.21
OCFY3.96%
SpS31.22
BVpS39.98
TBVpS9.67
PEG (NY)1.58
PEG (5Y)4.82
Graham Number66.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.98% | ||
| ROE | 11.5% | ||
| ROCE | 13.36% | ||
| ROIC | 10.44% | ||
| ROICexc | 10.9% | ||
| ROICexgc | 32.99% | ||
| OM | 20.23% | ||
| PM (TTM) | 14.72% | ||
| GM | 35.82% | ||
| FCFM | 15.94% |
ROA(3y)7.15%
ROA(5y)7.34%
ROE(3y)10.9%
ROE(5y)10.78%
ROIC(3y)8.8%
ROIC(5y)8.82%
ROICexc(3y)9.17%
ROICexc(5y)9.39%
ROICexgc(3y)30.05%
ROICexgc(5y)29.29%
ROCE(3y)11.26%
ROCE(5y)11.29%
ROICexgc growth 3Y4.31%
ROICexgc growth 5Y6.46%
ROICexc growth 3Y0.05%
ROICexc growth 5Y5.05%
OM growth 3Y6.43%
OM growth 5Y3.44%
PM growth 3Y3.85%
PM growth 5Y1.7%
GM growth 3Y5.02%
GM growth 5Y1.43%
F-Score8
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 0.96 | ||
| Debt/EBITDA | 0.62 | ||
| Cap/Depr | 89.16% | ||
| Cap/Sales | 3.95% | ||
| Interest Coverage | 17.51 | ||
| Cash Conversion | 80.66% | ||
| Profit Quality | 108.31% | ||
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.67 | ||
| Altman-Z | 10.53 |
F-Score8
WACC8.6%
ROIC/WACC1.21
Cap/Depr(3y)80.14%
Cap/Depr(5y)76.56%
Cap/Sales(3y)4.39%
Cap/Sales(5y)4.53%
Profit Quality(3y)110.66%
Profit Quality(5y)119.6%
High Growth Momentum
Growth
EPS 1Y (TTM)18.33%
EPS 3Y7.05%
EPS 5Y6.55%
EPS Q2Q%19.47%
EPS Next Y19.93%
EPS Next 2Y13.43%
EPS Next 3Y10.22%
EPS Next 5YN/A
Revenue 1Y (TTM)7.55%
Revenue growth 3Y6.08%
Revenue growth 5Y8.18%
Sales Q2Q%11.51%
Revenue Next Year8.15%
Revenue Next 2Y7.02%
Revenue Next 3Y5.68%
Revenue Next 5YN/A
EBIT growth 1Y18.58%
EBIT growth 3Y12.89%
EBIT growth 5Y11.9%
EBIT Next Year40.84%
EBIT Next 3Y15.37%
EBIT Next 5YN/A
FCF growth 1Y37.88%
FCF growth 3Y5.93%
FCF growth 5Y8.77%
OCF growth 1Y27.59%
OCF growth 3Y4.28%
OCF growth 5Y7.89%
BALCHEM CORP / BCPC FAQ
What is the ChartMill fundamental rating of BALCHEM CORP (BCPC) stock?
ChartMill assigns a fundamental rating of 7 / 10 to BCPC.
What is the valuation status for BCPC stock?
ChartMill assigns a valuation rating of 2 / 10 to BALCHEM CORP (BCPC). This can be considered as Overvalued.
What is the profitability of BCPC stock?
BALCHEM CORP (BCPC) has a profitability rating of 9 / 10.
What are the PE and PB ratios of BALCHEM CORP (BCPC) stock?
The Price/Earnings (PE) ratio for BALCHEM CORP (BCPC) is 31.54 and the Price/Book (PB) ratio is 3.92.
How sustainable is the dividend of BALCHEM CORP (BCPC) stock?
The dividend rating of BALCHEM CORP (BCPC) is 5 / 10 and the dividend payout ratio is 18.95%.