BADGER METER INC (BMI) Fundamental Analysis & Valuation
NYSE:BMI • US0565251081
Current stock price
120.89 USD
+7.48 (+6.6%)
At close:
120.53 USD
-0.36 (-0.3%)
After Hours:
This BMI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. BMI Profitability Analysis
1.1 Basic Checks
- In the past year BMI was profitable.
- In the past year BMI had a positive cash flow from operations.
- In the past 5 years BMI has always been profitable.
- BMI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With an excellent Return On Assets value of 13.45%, BMI belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
- BMI has a Return On Equity of 18.91%. This is amongst the best in the industry. BMI outperforms 92.74% of its industry peers.
- BMI has a Return On Invested Capital of 15.84%. This is amongst the best in the industry. BMI outperforms 94.35% 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 8.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.45% | ||
| ROE | 18.91% | ||
| ROIC | 15.84% |
ROA(3y)14.26%
ROA(5y)13.05%
ROE(3y)19.46%
ROE(5y)17.71%
ROIC(3y)16.29%
ROIC(5y)15.06%
1.3 Margins
- BMI has a Profit Margin of 14.56%. This is amongst the best in the industry. BMI outperforms 90.32% of its industry peers.
- BMI's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 18.86%, BMI belongs to the top of the industry, outperforming 95.97% of the companies in the same industry.
- In the last couple of years the Operating Margin of BMI has grown nicely.
- Looking at the Gross Margin, with a value of 41.37%, 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 Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.86% | ||
| PM (TTM) | 14.56% | ||
| GM | 41.37% |
OM growth 3Y9.04%
OM growth 5Y5.48%
PM growth 3Y9.53%
PM growth 5Y5.93%
GM growth 3Y2.33%
GM growth 5Y1.07%
2. BMI Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BMI is still creating some value.
- BMI has about the same amout of 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 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 | N/A |
ROIC/WACC1.61
WACC9.84%
2.3 Liquidity
- BMI has a Current Ratio of 3.00. This indicates that BMI is financially healthy and has no problem in meeting its short term obligations.
- BMI has a better Current ratio (3.00) than 62.10% of its industry peers.
- A Quick Ratio of 1.97 indicates that BMI should not have too much problems paying its short term obligations.
- BMI has a Quick ratio of 1.97. This is comparable to the rest of the industry: BMI outperforms 56.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3 | ||
| Quick Ratio | 1.97 |
3. BMI Growth Analysis
3.1 Past
- BMI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.42%.
- 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 been growing slightly by 5.19% in the past year.
- The Revenue has been growing by 16.59% on average over the past years. This is quite good.
EPS 1Y (TTM)-2.42%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%-28.46%
Revenue 1Y (TTM)5.19%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%-8.97%
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 9.55% on average per year.
- BMI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.18% yearly.
EPS Next Y7.64%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue Next Year3.83%
Revenue Next 2Y5.49%
Revenue Next 3Y6.37%
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.
4. BMI Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 27.29, the valuation of BMI can be described as expensive.
- BMI's Price/Earnings ratio is a bit cheaper when compared to the industry. BMI is cheaper than 77.42% of the companies in the same industry.
- When comparing the Price/Earnings ratio of BMI to the average of the S&P500 Index (27.71), we can say BMI is valued inline with the index average.
- With a Price/Forward Earnings ratio of 21.55, BMI is valued on the expensive side.
- 75.00% of the companies in the same industry are more expensive than BMI, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 38.09. BMI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.29 | ||
| Fwd PE | 21.55 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BMI is valued a bit cheaper than 75.00% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, BMI is valued cheaper than 82.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.86 | ||
| EV/EBITDA | 15.18 |
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)3.57
PEG (5Y)1.18
EPS Next 2Y8.1%
EPS Next 3Y9.33%
5. BMI Dividend Analysis
5.1 Amount
- BMI has a Yearly Dividend Yield of 1.41%.
- In the last 3 months the price of BMI has falen by -28.69%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
- BMI's Dividend Yield is rather good when compared to the industry average which is at 0.44. BMI pays more dividend than 91.94% of the companies in the same industry.
- Compared to the average S&P500 Dividend Yield of 1.81, BMI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
5.2 History
- On average, the dividend of BMI grows each year by 16.20%, which is quite nice.
- BMI has paid a dividend for at least 10 years, which is 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)16.2%
Div Incr Years19
Div Non Decr Years19
5.3 Sustainability
- 34.63% 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.
DP34.63%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
BMI Fundamentals: All Metrics, Ratios and Statistics
120.89
+7.48 (+6.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)04-17 2026-04-17/bmo
Earnings (Next)07-20 2026-07-20/bmo
Inst Owners106.69%
Inst Owner Change-0.09%
Ins Owners0.62%
Ins Owner Change4.95%
Market Cap3.53B
Revenue(TTM)896.73M
Net Income(TTM)130.57M
Analysts75.29
Price Target184.65 (52.74%)
Short Float %9.92%
Short Ratio7.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.41% |
Yearly Dividend1.48
Dividend Growth(5Y)16.2%
DP34.63%
Div Incr Years19
Div Non Decr Years19
Ex-Date02-27 2026-02-27 (0.4)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.91%
Min EPS beat(2)-24.78%
Max EPS beat(2)-3.05%
EPS beat(4)1
Avg EPS beat(4)-7.97%
Min EPS beat(4)-24.78%
Max EPS beat(4)3.55%
EPS beat(8)3
Avg EPS beat(8)-1.45%
EPS beat(12)7
Avg EPS beat(12)2.72%
EPS beat(16)10
Avg EPS beat(16)3.95%
Revenue beat(2)0
Avg Revenue beat(2)-9.46%
Min Revenue beat(2)-13.09%
Max Revenue beat(2)-5.83%
Revenue beat(4)1
Avg Revenue beat(4)-4.7%
Min Revenue beat(4)-13.09%
Max Revenue beat(4)0.62%
Revenue beat(8)3
Avg Revenue beat(8)-2%
Revenue beat(12)6
Avg Revenue beat(12)0.3%
Revenue beat(16)10
Avg Revenue beat(16)1.41%
PT rev (1m)0.44%
PT rev (3m)-14.87%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-7.25%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-5.57%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-4.86%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)-4.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.29 | ||
| Fwd PE | 21.55 | ||
| P/S | 3.93 | ||
| P/FCF | 20.86 | ||
| P/OCF | 19.11 | ||
| P/B | 5.11 | ||
| P/tB | 10.33 | ||
| EV/EBITDA | 15.18 |
EPS(TTM)4.43
EY3.66%
EPS(NY)5.61
Fwd EY4.64%
FCF(TTM)5.79
FCFY4.79%
OCF(TTM)6.33
OCFY5.23%
SpS30.73
BVpS23.66
TBVpS11.7
PEG (NY)3.57
PEG (5Y)1.18
Graham Number48.5636 (-59.83%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.45% | ||
| ROE | 18.91% | ||
| ROCE | 21.11% | ||
| ROIC | 15.84% | ||
| ROICexc | 21.31% | ||
| ROICexgc | 51.43% | ||
| OM | 18.86% | ||
| PM (TTM) | 14.56% | ||
| GM | 41.37% | ||
| FCFM | 18.85% |
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-Score7
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 43.8% | ||
| Cap/Sales | 1.73% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 90.24% | ||
| Profit Quality | 129.49% | ||
| Current Ratio | 3 | ||
| Quick Ratio | 1.97 | ||
| Altman-Z | N/A |
F-Score7
WACC9.84%
ROIC/WACC1.61
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)-2.42%
EPS 3Y28.35%
EPS 5Y23.07%
EPS Q2Q%-28.46%
EPS Next Y7.64%
EPS Next 2Y8.1%
EPS Next 3Y9.33%
EPS Next 5Y9.55%
Revenue 1Y (TTM)5.19%
Revenue growth 3Y17.46%
Revenue growth 5Y16.59%
Sales Q2Q%-8.97%
Revenue Next Year3.83%
Revenue Next 2Y5.49%
Revenue Next 3Y6.37%
Revenue Next 5Y7.18%
EBIT growth 1Y-0.95%
EBIT growth 3Y28.08%
EBIT growth 5Y22.98%
EBIT Next Year24.67%
EBIT Next 3Y13.35%
EBIT Next 5Y11.6%
FCF growth 1Y63.84%
FCF growth 3Y30.38%
FCF growth 5Y16.08%
OCF growth 1Y62.46%
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 6 / 10 to BMI.
Can you provide the valuation status for BADGER METER INC?
ChartMill assigns a valuation rating of 5 / 10 to BADGER METER INC (BMI). This can be considered as Fairly Valued.
What is the profitability of BMI stock?
BADGER METER INC (BMI) has a profitability rating of 9 / 10.
What is the valuation of BADGER METER INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for BADGER METER INC (BMI) is 27.29 and the Price/Book (PB) ratio is 5.11.
What is the earnings growth outlook for BADGER METER INC?
The Earnings per Share (EPS) of BADGER METER INC (BMI) is expected to grow by 7.64% in the next year.