BADGER METER INC (BMI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BMI - US0565251081 - Common Stock
170.43 USD
-0.13 (-0.08%)
Taking everything into account, BMI scores 7 out of 10 in our fundamental rating. BMI was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the health and profitability get an excellent rating, making BMI a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, BMI is valued expensive at the moment. This makes BMI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
- BMI had positive earnings in the past year.
- In the past year BMI had a positive cash flow from operations.
- In the past 5 years BMI has always been profitable.
- Each year in the past 5 years BMI had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of BMI (14.19%) is better than 94.40% of its industry peers.
- With an excellent Return On Equity value of 19.75%, BMI belongs to the best of the industry, outperforming 90.40% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 16.43%, BMI belongs to the best of the industry, outperforming 93.60% 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 8.82%.
- The last Return On Invested Capital (16.43%) for BMI is above the 3 year average (15.23%), which is a sign of increasing profitability.
| 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
- The Profit Margin of BMI (15.40%) is better than 93.60% of its industry peers.
- BMI's Profit Margin has improved in the last couple of years.
- BMI has a Operating Margin of 19.93%. This is amongst the best in the industry. BMI outperforms 96.80% of its industry peers.
- In the last couple of years the Operating Margin of BMI has grown nicely.
- The Gross Margin of BMI (41.26%) is better than 70.40% of its industry peers.
- BMI's Gross Margin has been stable in the last couple of years.
| 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.
- BMI has more shares outstanding than it did 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.
2.2 Solvency
- BMI has an Altman-Z score of 13.78. This indicates that BMI is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 13.78, BMI belongs to the top of the industry, outperforming 90.40% of the companies in the same industry.
- There is no outstanding debt for BMI. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 13.78 |
ROIC/WACC1.75
WACC9.39%
2.3 Liquidity
- BMI has a Current Ratio of 3.22. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
- BMI's Current ratio of 3.22 is fine compared to the rest of the industry. BMI outperforms 66.40% of its industry peers.
- 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.
- The Quick ratio of BMI (2.23) is better than 63.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.22 | ||
| Quick Ratio | 2.23 |
3. Growth
3.1 Past
- BMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.63%, which is quite good.
- The Earnings Per Share has been growing by 21.16% on average over the past years. This is a very strong growth
- BMI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.11%.
- BMI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.25% yearly.
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
- Based on estimates for the next years, BMI will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.65% on average per year.
- Based on estimates for the next years, BMI will show a quite strong growth in Revenue. The Revenue will grow by 9.05% on average per year.
EPS Next Y14.83%
EPS Next 2Y13.74%
EPS Next 3Y11.42%
EPS Next 5Y11.65%
Revenue Next Year12.55%
Revenue Next 2Y10.45%
Revenue Next 3Y8.95%
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
- The Price/Earnings ratio is 36.26, which means the current valuation is very expensive for BMI.
- Based on the Price/Earnings ratio, BMI is valued a bit cheaper than the industry average as 61.60% of the companies are valued more expensively.
- BMI's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.54.
- A Price/Forward Earnings ratio of 31.15 indicates a quite expensive valuation of BMI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of BMI is on the same level as its industry peers.
- When comparing the Price/Forward Earnings ratio of BMI to the average of the S&P500 Index (24.31), we can say BMI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.26 | ||
| Fwd PE | 31.15 |
4.2 Price Multiples
- BMI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BMI is cheaper than 60.80% of the companies in the same industry.
- 69.60% of the companies in the same industry are more expensive than BMI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.2 | ||
| EV/EBITDA | 22.6 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of BMI may justify a higher PE ratio.
PEG (NY)2.45
PEG (5Y)1.71
EPS Next 2Y13.74%
EPS Next 3Y11.42%
5. Dividend
5.1 Amount
- With a yearly dividend of 0.92%, 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 0.47. BMI pays more dividend than 85.60% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.92, BMI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.92% |
5.2 History
- The dividend of BMI is nicely growing with an annual growth rate of 13.80%!
- BMI has paid a dividend for at least 10 years, which is a reliable track record.
- BMI has not decreased their dividend for at least 10 years, which is a reliable track record.
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 2Y13.74%
EPS Next 3Y11.42%
NYSE:BMI (1/16/2026, 12:10:13 PM)
170.43
-0.13 (-0.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)10-21 2025-10-21/bmo
Earnings (Next)01-28 2026-01-28/amc
Inst Owners102%
Inst Owner Change0.68%
Ins Owners0.51%
Ins Owner Change0%
Market Cap5.02B
Revenue(TTM)901.14M
Net Income(TTM)138.78M
Analysts77.5
Price Target222.59 (30.6%)
Short Float %7.66%
Short Ratio7.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.92% |
Yearly Dividend1.22
Dividend Growth(5Y)13.8%
DP30.1%
Div Incr Years18
Div Non Decr Years18
Ex-DateN/A
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)-0.16%
PT rev (3m)-6.18%
EPS NQ rev (1m)-0.34%
EPS NQ rev (3m)2.03%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.9%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.3%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.26 | ||
| Fwd PE | 31.15 | ||
| P/S | 5.57 | ||
| P/FCF | 30.2 | ||
| P/OCF | 27.75 | ||
| P/B | 7.15 | ||
| P/tB | 14.61 | ||
| EV/EBITDA | 22.6 |
EPS(TTM)4.7
EY2.76%
EPS(NY)5.47
Fwd EY3.21%
FCF(TTM)5.64
FCFY3.31%
OCF(TTM)6.14
OCFY3.6%
SpS30.58
BVpS23.84
TBVpS11.67
PEG (NY)2.45
PEG (5Y)1.71
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 | 13.78 |
F-Score5
WACC9.39%
ROIC/WACC1.75
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 Y14.83%
EPS Next 2Y13.74%
EPS Next 3Y11.42%
EPS Next 5Y11.65%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
Revenue Next Year12.55%
Revenue Next 2Y10.45%
Revenue Next 3Y8.95%
Revenue Next 5Y9.05%
EBIT growth 1Y19.1%
EBIT growth 3Y26.12%
EBIT growth 5Y20.53%
EBIT Next Year39.7%
EBIT Next 3Y17.64%
EBIT Next 5Y15.07%
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.
Can you provide the valuation status for BADGER METER INC?
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.
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 14.83% 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 30.1%.