BADGER METER INC (BMI) Fundamental Analysis & Valuation

NYSE:BMI • US0565251081

Current stock price

147.89 USD
-2.11 (-1.41%)
At close:
147.89 USD
0 (0%)
After Hours:

This BMI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. BMI Profitability Analysis

1.1 Basic Checks

  • In the past year BMI was profitable.
  • BMI had a positive operating cash flow in the past year.
  • BMI had positive earnings in each of the past 5 years.
  • BMI had a positive operating cash flow in each of the past 5 years.
BMI Yearly Net Income VS EBIT VS OCF VS FCFBMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • BMI's Return On Assets of 14.55% is amongst the best of the industry. BMI outperforms 95.16% of its industry peers.
  • Looking at the Return On Equity, with a value of 19.86%, BMI belongs to the top of the industry, outperforming 90.32% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 16.73%, BMI belongs to the best of the industry, outperforming 94.35% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BMI is significantly above the industry average of 8.63%.
  • The last Return On Invested Capital (16.73%) for BMI is above the 3 year average (16.29%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROIC 16.73%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
BMI Yearly ROA, ROE, ROICBMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With an excellent Profit Margin value of 15.45%, BMI belongs to the best of the industry, outperforming 92.74% of the companies in the same industry.
  • In the last couple of years the Profit Margin of BMI has grown nicely.
  • BMI's Operating Margin of 20.01% is amongst the best of the industry. BMI outperforms 96.77% of its industry peers.
  • In the last couple of years the Operating Margin of BMI has grown nicely.
  • Looking at the Gross Margin, with a value of 41.68%, BMI is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
  • In the last couple of years the Gross Margin of BMI has remained more or less at the same level.
Industry RankSector Rank
OM 20.01%
PM (TTM) 15.45%
GM 41.68%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
BMI Yearly Profit, Operating, Gross MarginsBMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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9

2. BMI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BMI is creating value.
  • The number of shares outstanding for BMI remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for BMI has been increased compared to 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.
BMI Yearly Shares OutstandingBMI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M 25M
BMI Yearly Total Debt VS Total AssetsBMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 12.88 indicates that BMI is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 12.88, BMI belongs to the top of the industry, outperforming 91.13% of the companies in the same industry.
  • BMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 12.88
ROIC/WACC1.84
WACC9.08%
BMI Yearly LT Debt VS Equity VS FCFBMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 3.36 indicates that BMI has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.36, BMI is in the better half of the industry, outperforming 66.13% of the companies in the same industry.
  • BMI has a Quick Ratio of 2.36. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of BMI (2.36) is better than 62.10% of its industry peers.
Industry RankSector Rank
Current Ratio 3.36
Quick Ratio 2.36
BMI Yearly Current Assets VS Current LiabilitesBMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. BMI Growth Analysis

3.1 Past

  • BMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.48%, which is quite good.
  • BMI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.07% yearly.
  • The Revenue has grown by 10.90% in the past year. This is quite good.
  • The Revenue has been growing by 16.59% on average over the past years. This is quite good.
EPS 1Y (TTM)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.55% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 7.18% on average over the next years.
EPS Next Y7.63%
EPS Next 2Y8.25%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue Next Year4.37%
Revenue Next 2Y5.59%
Revenue Next 3Y6.44%
Revenue Next 5Y7.18%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
BMI Yearly Revenue VS EstimatesBMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
BMI Yearly EPS VS EstimatesBMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

More info and screens

Find the best growth stocksShow best growing peers

4

4. BMI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 30.81, the valuation of BMI can be described as expensive.
  • Based on the Price/Earnings ratio, BMI is valued a bit cheaper than the industry average as 66.13% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.79. BMI is around the same levels.
  • BMI is valuated quite expensively with a Price/Forward Earnings ratio of 28.63.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 61.29% of the companies listed in the same industry.
  • BMI's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.80.
Industry RankSector Rank
PE 30.81
Fwd PE 28.63
BMI Price Earnings VS Forward Price EarningsBMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BMI is valued a bit cheaper than the industry average as 66.13% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BMI indicates a somewhat cheap valuation: BMI is cheaper than 73.39% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 25.43
EV/EBITDA 18.76
BMI Per share dataBMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • BMI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.04
PEG (5Y)1.34
EPS Next 2Y8.25%
EPS Next 3Y9.33%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. BMI Dividend Analysis

5.1 Amount

  • BMI has a Yearly Dividend Yield of 1.11%. Purely for dividend investing, there may be better candidates out there.
  • BMI's Dividend Yield is rather good when compared to the industry average which is at 0.46. BMI pays more dividend than 86.29% of the companies in the same industry.
  • With a Dividend Yield of 1.11, BMI pays less dividend than the S&P500 average, which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.11%

5.2 History

  • On average, the dividend of BMI grows each year by 16.20%, which is quite nice.
  • BMI has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BMI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)16.2%
Div Incr Years18
Div Non Decr Years18
BMI Yearly Dividends per shareBMI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • 30.73% of the earnings are spent on dividend by BMI. This is a low number and sustainable payout ratio.
  • BMI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.73%
EPS Next 2Y8.25%
EPS Next 3Y9.33%
BMI Yearly Income VS Free CF VS DividendBMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
BMI Dividend Payout.BMI Dividend Payout, showing the Payout Ratio.BMI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BMI Fundamentals: All Metrics, Ratios and Statistics

BADGER METER INC

NYSE:BMI (3/18/2026, 8:04:00 PM)

After market: 147.89 0 (0%)

147.89

-2.11 (-1.41%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners106.26%
Inst Owner Change2.13%
Ins Owners0.65%
Ins Owner Change4.95%
Market Cap4.32B
Revenue(TTM)916.66M
Net Income(TTM)141.63M
Analysts72.94
Price Target183.84 (24.31%)
Short Float %8.87%
Short Ratio6.28
Dividend
Industry RankSector Rank
Dividend Yield 1.11%
Yearly Dividend1.48
Dividend Growth(5Y)16.2%
DP30.73%
Div Incr Years18
Div Non Decr Years18
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-3.05%
Max EPS beat(2)3.55%
EPS beat(4)2
Avg EPS beat(4)3.71%
Min EPS beat(4)-7.6%
Max EPS beat(4)21.92%
EPS beat(8)4
Avg EPS beat(8)4.09%
EPS beat(12)8
Avg EPS beat(12)6.31%
EPS beat(16)10
Avg EPS beat(16)5.24%
Revenue beat(2)1
Avg Revenue beat(2)-2.61%
Min Revenue beat(2)-5.83%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-5.83%
Max Revenue beat(4)0.62%
Revenue beat(8)4
Avg Revenue beat(8)0.46%
Revenue beat(12)7
Avg Revenue beat(12)2.21%
Revenue beat(16)10
Avg Revenue beat(16)2.16%
PT rev (1m)-0.33%
PT rev (3m)-17.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.92%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)-5.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.62%
Revenue NY rev (1m)-1%
Revenue NY rev (3m)-3.8%
Valuation
Industry RankSector Rank
PE 30.81
Fwd PE 28.63
P/S 4.71
P/FCF 25.43
P/OCF 23.49
P/B 6.05
P/tB 12.01
EV/EBITDA 18.76
EPS(TTM)4.8
EY3.25%
EPS(NY)5.17
Fwd EY3.49%
FCF(TTM)5.81
FCFY3.93%
OCF(TTM)6.3
OCFY4.26%
SpS31.41
BVpS24.44
TBVpS12.31
PEG (NY)4.04
PEG (5Y)1.34
Graham Number51.38
Profitability
Industry RankSector Rank
ROA 14.55%
ROE 19.86%
ROCE 22.29%
ROIC 16.73%
ROICexc 23.07%
ROICexgc 56.71%
OM 20.01%
PM (TTM) 15.45%
GM 41.68%
FCFM 18.51%
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
ROICexc(3y)25.01%
ROICexc(5y)21.97%
ROICexgc(3y)48.77%
ROICexgc(5y)42.29%
ROCE(3y)21.7%
ROCE(5y)20.07%
ROICexgc growth 3Y19.67%
ROICexgc growth 5Y17.28%
ROICexc growth 3Y7.68%
ROICexc growth 5Y9.3%
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
F-Score6
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 40.56%
Cap/Sales 1.53%
Interest Coverage 250
Cash Conversion 84.26%
Profit Quality 119.8%
Current Ratio 3.36
Quick Ratio 2.36
Altman-Z 12.88
F-Score6
WACC9.08%
ROIC/WACC1.84
Cap/Depr(3y)41.03%
Cap/Depr(5y)33.95%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.43%
Profit Quality(3y)113.19%
Profit Quality(5y)117.47%
High Growth Momentum
Growth
EPS 1Y (TTM)13.48%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%9.62%
EPS Next Y7.63%
EPS Next 2Y8.25%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue 1Y (TTM)10.9%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%7.57%
Revenue Next Year4.37%
Revenue Next 2Y5.59%
Revenue Next 3Y6.44%
Revenue Next 5Y7.18%
EBIT growth 1Y16.14%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year24.68%
EBIT Next 3Y14.19%
EBIT Next 5Y11.6%
FCF growth 1Y19.31%
FCF growth 3Y30.38%
FCF growth 5Y16.08%
OCF growth 1Y18.49%
OCF growth 3Y30.61%
OCF growth 5Y15.45%

BADGER METER INC / BMI Fundamental Analysis FAQ

What is the fundamental rating for BMI stock?

ChartMill assigns a fundamental rating of 7 / 10 to BMI.


Can you provide the valuation status for BADGER METER INC?

ChartMill assigns a valuation rating of 4 / 10 to BADGER METER INC (BMI). This can be considered as Fairly Valued.


Can you provide the profitability details for BADGER METER INC?

BADGER METER INC (BMI) has a profitability rating of 9 / 10.


Can you provide the expected EPS growth for BMI stock?

The Earnings per Share (EPS) of BADGER METER INC (BMI) is expected to grow by 7.63% in the next year.


How sustainable is the dividend of BADGER METER INC (BMI) stock?

The dividend rating of BADGER METER INC (BMI) is 6 / 10 and the dividend payout ratio is 30.73%.