BADGER METER INC (BMI) Stock Fundamental Analysis
USA - NYSE:BMI - US0565251081 - Common Stock
180.45 USD
-0.68 (-0.38%)
180.45 USD
0 (0%)
BMI gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. BMI gets an excellent profitability rating and is at the same time showing great financial health properties. BMI is quite expensive at the moment. It does show a decent growth rate. These ratings could make BMI a good candidate 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
With an excellent Return On Assets value of 14.19%, BMI belongs to the best of the industry, outperforming 92.74% of the companies in the same industry.
BMI's Return On Equity of 19.75% is amongst the best of the industry. BMI outperforms 88.71% of its industry peers.
The Return On Invested Capital of BMI (16.43%) is better than 91.94% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BMI is significantly above the industry average of 9.38%.
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
Looking at the Profit Margin, with a value of 15.40%, BMI belongs to the top of the industry, outperforming 93.55% of the companies in the same industry.
In the last couple of years the Profit Margin of BMI has grown nicely.
The Operating Margin of BMI (19.93%) is better than 96.77% 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 70.16% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BMI 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.
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.
2.2 Solvency
An Altman-Z score of 14.41 indicates that BMI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 14.41, BMI belongs to the top of the industry, outperforming 91.94% 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 | 14.41 |
ROIC/WACC1.79
WACC9.19%
2.3 Liquidity
A Current Ratio of 3.22 indicates that BMI has no problem at all paying its short term obligations.
The Current ratio of BMI (3.22) is better than 66.94% 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.
BMI has a Quick ratio of 2.23. This is in the better half of the industry: BMI outperforms 62.90% 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%.
Measured over the past years, BMI shows a quite strong growth in Revenue. The Revenue has been growing by 14.25% on average per year.
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 12.18% yearly.
BMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.30% yearly.
EPS Next Y13.79%
EPS Next 2Y13.14%
EPS Next 3Y10.48%
EPS Next 5Y12.18%
Revenue Next Year12.3%
Revenue Next 2Y10.4%
Revenue Next 3Y8.55%
Revenue Next 5Y9.3%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 38.39.
BMI's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (26.11), we can say BMI is valued slightly more expensively.
With a Price/Forward Earnings ratio of 33.33, BMI can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as BMI.
When comparing the Price/Forward Earnings ratio of BMI to the average of the S&P500 Index (22.55), we can say BMI is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.39 | ||
| Fwd PE | 33.33 |
4.2 Price Multiples
BMI's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, BMI is valued a bit cheaper than the industry average as 72.58% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.98 | ||
| EV/EBITDA | 23.97 |
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)2.79
PEG (5Y)1.81
EPS Next 2Y13.14%
EPS Next 3Y10.48%
5. Dividend
5.1 Amount
With a yearly dividend of 0.88%, 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 2.06. BMI pays more dividend than 84.68% of the companies in the same industry.
With a Dividend Yield of 0.88, BMI pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
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
BMI pays out 30.10% of its income as dividend. This is a sustainable payout ratio.
BMI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.1%
EPS Next 2Y13.14%
EPS Next 3Y10.48%
180.45
-0.68 (-0.38%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners99.93%
Inst Owner Change-1.29%
Ins Owners0.51%
Ins Owner Change-0.18%
Market Cap5.32B
Revenue(TTM)901.14M
Net Income(TTM)138.78M
Analysts73.33
Price Target226.96 (25.77%)
Short Float %6.24%
Short Ratio4.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.88% |
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)-4.33%
PT rev (3m)-4.64%
EPS NQ rev (1m)1.74%
EPS NQ rev (3m)0.9%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-3.86%
Revenue NQ rev (1m)-1.57%
Revenue NQ rev (3m)-1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.39 | ||
| Fwd PE | 33.33 | ||
| P/S | 5.9 | ||
| P/FCF | 31.98 | ||
| P/OCF | 29.39 | ||
| P/B | 7.57 | ||
| P/tB | 15.47 | ||
| EV/EBITDA | 23.97 |
EPS(TTM)4.7
EY2.6%
EPS(NY)5.41
Fwd EY3%
FCF(TTM)5.64
FCFY3.13%
OCF(TTM)6.14
OCFY3.4%
SpS30.58
BVpS23.84
TBVpS11.67
PEG (NY)2.79
PEG (5Y)1.81
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 | 14.41 |
F-Score5
WACC9.19%
ROIC/WACC1.79
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 Y13.79%
EPS Next 2Y13.14%
EPS Next 3Y10.48%
EPS Next 5Y12.18%
Revenue 1Y (TTM)12.11%
Revenue growth 3Y17.83%
Revenue growth 5Y14.25%
Sales Q2Q%13.06%
Revenue Next Year12.3%
Revenue Next 2Y10.4%
Revenue Next 3Y8.55%
Revenue Next 5Y9.3%
EBIT growth 1Y19.1%
EBIT growth 3Y26.12%
EBIT growth 5Y20.53%
EBIT Next Year36.93%
EBIT Next 3Y16.39%
EBIT Next 5Y15.62%
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 38.39 and the Price/Book (PB) ratio is 7.57.
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%.