BADGER METER INC (BMI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BMI - US0565251081 - Common Stock
177.46 USD
+9.3 (+5.53%)
177.465 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to BMI. BMI was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. BMI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. BMI is valied quite expensively at the moment, while it does show a decent growth rate. With these ratings, BMI could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year BMI was profitable.
In the past year BMI had a positive cash flow from operations.
Each year in the past 5 years BMI has been profitable.
BMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BMI's Return On Assets of 14.19% is amongst the best of the industry. BMI outperforms 92.68% of its industry peers.
With an excellent Return On Equity value of 19.75%, BMI belongs to the best of the industry, outperforming 89.43% of the companies in the same industry.
The Return On Invested Capital of BMI (16.43%) is better than 92.68% of its industry peers.
BMI had an Average Return On Invested Capital over the past 3 years of 15.23%. This is significantly above the industry average of 9.11%.
The 3 year average ROIC (15.23%) for BMI is below the current ROIC(16.43%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.19% | ||
| ROE | 19.75% | ||
| ROIC | 16.43% |
ROA(3y)13.08%
ROA(5y)12.25%
ROE(3y)17.86%
ROE(5y)16.46%
ROIC(3y)15.23%
ROIC(5y)14.23%
1.3 Margins
BMI's Profit Margin of 15.40% is amongst the best of the industry. BMI outperforms 92.68% of its industry peers.
BMI's Profit Margin has improved in the last couple of years.
BMI has a better Operating Margin (19.93%) than 97.56% of its industry peers.
BMI's Operating Margin has improved in the last couple of years.
BMI has a Gross Margin of 41.26%. This is in the better half of the industry: BMI outperforms 69.11% of its industry peers.
In the last couple of years the Gross Margin of BMI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.93% | ||
| PM (TTM) | 15.4% | ||
| GM | 41.26% |
OM growth 3Y7.03%
OM growth 5Y5.49%
PM growth 3Y7.84%
PM growth 5Y6.34%
GM growth 3Y-0.7%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
BMI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, BMI has more shares outstanding
BMI has more shares outstanding than it did 5 years ago.
BMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
BMI has an Altman-Z score of 14.22. This indicates that BMI is financially healthy and has little risk of bankruptcy at the moment.
BMI has a better Altman-Z score (14.22) than 93.50% of its industry peers.
BMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 14.22 |
ROIC/WACC1.78
WACC9.24%
2.3 Liquidity
A Current Ratio of 3.22 indicates that BMI has no problem at all paying its short term obligations.
With a decent Current ratio value of 3.22, BMI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
BMI has a Quick Ratio of 2.23. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
BMI's Quick ratio of 2.23 is fine compared to the rest of the industry. BMI outperforms 61.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 2.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.63% over the past year.
BMI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.16% yearly.
The Revenue has grown by 12.11% in the past year. This is quite good.
The Revenue has been growing by 14.25% on average over the past years. This is quite good.
EPS 1Y (TTM)16.63%
EPS 3Y26.69%
EPS 5Y21.16%
EPS Q2Q%10.19%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
3.2 Future
BMI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.65% yearly.
BMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.05% yearly.
EPS Next Y14.96%
EPS Next 2Y13.85%
EPS Next 3Y11.31%
EPS Next 5Y11.65%
Revenue Next Year12.6%
Revenue Next 2Y10.45%
Revenue Next 3Y8.85%
Revenue Next 5Y9.05%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
BMI is valuated quite expensively with a Price/Earnings ratio of 37.76.
BMI's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.47, BMI is valued a bit more expensive.
With a Price/Forward Earnings ratio of 32.37, BMI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BMI is on the same level as its industry peers.
BMI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 34.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.76 | ||
| Fwd PE | 32.37 |
4.2 Price Multiples
BMI's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, BMI is valued a bit cheaper than the industry average as 68.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.45 | ||
| EV/EBITDA | 23.56 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BMI does not grow enough to justify the current Price/Earnings ratio.
BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.52
PEG (5Y)1.78
EPS Next 2Y13.85%
EPS Next 3Y11.31%
5. Dividend
5.1 Amount
With a yearly dividend of 0.95%, BMI is not a good candidate for dividend investing.
BMI's Dividend Yield is rather good when compared to the industry average which is at 2.45. BMI pays more dividend than 83.74% of the companies in the same industry.
With a Dividend Yield of 0.95, BMI pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
5.2 History
The dividend of BMI is nicely growing with an annual growth rate of 13.80%!
BMI has been paying a dividend for at least 10 years, so it has a reliable track record.
BMI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)13.8%
Div Incr Years18
Div Non Decr Years18
5.3 Sustainability
30.10% of the earnings are spent on dividend by BMI. This is a low number and sustainable payout ratio.
The dividend of BMI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP30.1%
EPS Next 2Y13.85%
EPS Next 3Y11.31%
177.46
+9.3 (+5.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners99.93%
Inst Owner Change1.8%
Ins Owners0.51%
Ins Owner Change0%
Market Cap5.23B
Revenue(TTM)901.14M
Net Income(TTM)138.78M
Analysts76
Price Target225.55 (27.1%)
Short Float %6.55%
Short Ratio5.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend1.22
Dividend Growth(5Y)13.8%
DP30.1%
Div Incr Years18
Div Non Decr Years18
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.02%
Min EPS beat(2)-7.6%
Max EPS beat(2)3.55%
EPS beat(4)2
Avg EPS beat(4)2.98%
Min EPS beat(4)-7.6%
Max EPS beat(4)21.92%
EPS beat(8)5
Avg EPS beat(8)4.65%
EPS beat(12)8
Avg EPS beat(12)6.34%
EPS beat(16)11
Avg EPS beat(16)6.98%
Revenue beat(2)1
Avg Revenue beat(2)0.05%
Min Revenue beat(2)-0.51%
Max Revenue beat(2)0.62%
Revenue beat(4)2
Avg Revenue beat(4)0.04%
Min Revenue beat(4)-0.51%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)1.08%
Revenue beat(12)8
Avg Revenue beat(12)2.82%
Revenue beat(16)11
Avg Revenue beat(16)2.84%
PT rev (1m)-4.93%
PT rev (3m)-5.51%
EPS NQ rev (1m)2.38%
EPS NQ rev (3m)1.54%
EPS NY rev (1m)1.03%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.76 | ||
| Fwd PE | 32.37 | ||
| P/S | 5.8 | ||
| P/FCF | 31.45 | ||
| P/OCF | 28.9 | ||
| P/B | 7.44 | ||
| P/tB | 15.21 | ||
| EV/EBITDA | 23.56 |
EPS(TTM)4.7
EY2.65%
EPS(NY)5.48
Fwd EY3.09%
FCF(TTM)5.64
FCFY3.18%
OCF(TTM)6.14
OCFY3.46%
SpS30.58
BVpS23.84
TBVpS11.67
PEG (NY)2.52
PEG (5Y)1.78
Graham Number50.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.19% | ||
| ROE | 19.75% | ||
| ROCE | 21.77% | ||
| ROIC | 16.43% | ||
| ROICexc | 21.75% | ||
| ROICexgc | 51.26% | ||
| OM | 19.93% | ||
| PM (TTM) | 15.4% | ||
| GM | 41.26% | ||
| FCFM | 18.45% |
ROA(3y)13.08%
ROA(5y)12.25%
ROE(3y)17.86%
ROE(5y)16.46%
ROIC(3y)15.23%
ROIC(5y)14.23%
ROICexc(3y)23.61%
ROICexc(5y)20.43%
ROICexgc(3y)41.01%
ROICexgc(5y)36.17%
ROCE(3y)20.17%
ROCE(5y)18.85%
ROICexgc growth 3Y15.78%
ROICexgc growth 5Y16.08%
ROICexc growth 3Y21.65%
ROICexc growth 5Y15.12%
OM growth 3Y7.03%
OM growth 5Y5.49%
PM growth 3Y7.84%
PM growth 5Y6.34%
GM growth 3Y-0.7%
GM growth 5Y0.68%
F-Score5
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 43.31% | ||
| Cap/Sales | 1.63% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.78% | ||
| Profit Quality | 119.84% | ||
| Current Ratio | 3.22 | ||
| Quick Ratio | 2.23 | ||
| Altman-Z | 14.22 |
F-Score5
WACC9.24%
ROIC/WACC1.78
Cap/Depr(3y)34.99%
Cap/Depr(5y)33.03%
Cap/Sales(3y)1.43%
Cap/Sales(5y)1.55%
Profit Quality(3y)111.64%
Profit Quality(5y)126.18%
High Growth Momentum
Growth
EPS 1Y (TTM)16.63%
EPS 3Y26.69%
EPS 5Y21.16%
EPS Q2Q%10.19%
EPS Next Y14.96%
EPS Next 2Y13.85%
EPS Next 3Y11.31%
EPS Next 5Y11.65%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
Revenue Next Year12.6%
Revenue Next 2Y10.45%
Revenue Next 3Y8.85%
Revenue Next 5Y9.05%
EBIT growth 1Y19.1%
EBIT growth 3Y26.12%
EBIT growth 5Y20.53%
EBIT Next Year36.93%
EBIT Next 3Y16.39%
EBIT Next 5Y15.08%
FCF growth 1Y83.29%
FCF growth 3Y20.76%
FCF growth 5Y14.2%
OCF growth 1Y77.62%
OCF growth 3Y21%
OCF growth 5Y13.95%
BADGER METER INC / BMI FAQ
What is the fundamental rating for BMI stock?
ChartMill assigns a fundamental rating of 7 / 10 to BMI.
What is the valuation status of BADGER METER INC (BMI) stock?
ChartMill assigns a valuation rating of 3 / 10 to BADGER METER INC (BMI). This can be considered as Overvalued.
Can you provide the profitability details for BADGER METER INC?
BADGER METER INC (BMI) has a profitability rating of 9 / 10.
What are the PE and PB ratios of BADGER METER INC (BMI) stock?
The Price/Earnings (PE) ratio for BADGER METER INC (BMI) is 37.76 and the Price/Book (PB) ratio is 7.44.
Can you provide the dividend sustainability for BMI stock?
The dividend rating of BADGER METER INC (BMI) is 6 / 10 and the dividend payout ratio is 30.1%.