BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
13.34 USD
-0.11 (-0.82%)
13.35 USD
+0.01 (+0.07%)
Overall BSM gets a fundamental rating of 7 out of 10. We evaluated BSM against 208 industry peers in the Oil, Gas & Consumable Fuels industry. BSM has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. BSM is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
BSM had positive earnings in the past year.
BSM had a positive operating cash flow in the past year.
Each year in the past 5 years BSM has been profitable.
BSM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BSM has a Return On Assets of 19.25%. This is amongst the best in the industry. BSM outperforms 95.19% of its industry peers.
The Return On Equity of BSM (21.74%) is better than 89.42% of its industry peers.
Looking at the Return On Invested Capital, with a value of 17.75%, BSM belongs to the top of the industry, outperforming 95.67% of the companies in the same industry.
BSM had an Average Return On Invested Capital over the past 3 years of 25.28%. This is above the industry average of 21.28%.
The last Return On Invested Capital (17.75%) for BSM is well below the 3 year average (25.28%), which needs to be investigated, but indicates that BSM had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.25% | ||
| ROE | 21.74% | ||
| ROIC | 17.75% |
ROA(3y)29.1%
ROA(5y)21.66%
ROE(3y)30.66%
ROE(5y)23.33%
ROIC(3y)25.28%
ROIC(5y)19.74%
1.3 Margins
BSM's Profit Margin of 56.23% is amongst the best of the industry. BSM outperforms 94.23% of its industry peers.
In the last couple of years the Profit Margin of BSM has grown nicely.
With an excellent Operating Margin value of 64.62%, BSM belongs to the best of the industry, outperforming 95.67% of the companies in the same industry.
In the last couple of years the Operating Margin of BSM has grown nicely.
BSM's Gross Margin of 88.27% is amongst the best of the industry. BSM outperforms 94.71% of its industry peers.
BSM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.62% | ||
| PM (TTM) | 56.23% | ||
| GM | 88.27% |
OM growth 3Y7.06%
OM growth 5Y5.48%
PM growth 3Y7.56%
PM growth 5Y7.06%
GM growth 3Y1.53%
GM growth 5Y0.56%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so BSM is creating value.
Compared to 1 year ago, BSM has less shares outstanding
Compared to 5 years ago, BSM has more shares outstanding
The debt/assets ratio for BSM is higher compared to a year ago.
2.2 Solvency
BSM has a debt to FCF ratio of 0.42. This is a very positive value and a sign of high solvency as it would only need 0.42 years to pay back of all of its debts.
BSM has a Debt to FCF ratio of 0.42. This is amongst the best in the industry. BSM outperforms 89.42% of its industry peers.
BSM has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
BSM has a better Debt to Equity ratio (0.08) than 80.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.01
WACC8.83%
2.3 Liquidity
A Current Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
BSM has a better Current ratio (4.37) than 86.54% of its industry peers.
A Quick Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
BSM has a better Quick ratio (4.37) than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 |
3. Growth
3.1 Past
The earnings per share for BSM have decreased strongly by -30.25% in the last year.
The Earnings Per Share has been growing slightly by 5.02% on average over the past years.
BSM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.58%.
Measured over the past years, BSM shows a decrease in Revenue. The Revenue has been decreasing by -2.32% on average per year.
EPS 1Y (TTM)-30.25%
EPS 3Y13.82%
EPS 5Y5.02%
EPS Q2Q%-2.44%
Revenue 1Y (TTM)-19.58%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%1.94%
3.2 Future
BSM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.00% yearly.
Based on estimates for the next years, BSM will show a small growth in Revenue. The Revenue will grow by 3.96% on average per year.
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue Next Year-6.62%
Revenue Next 2Y1.13%
Revenue Next 3Y3.96%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.81, which indicates a very decent valuation of BSM.
Compared to the rest of the industry, the Price/Earnings ratio of BSM indicates a somewhat cheap valuation: BSM is cheaper than 69.71% of the companies listed in the same industry.
BSM is valuated cheaply when we compare the Price/Earnings ratio to 27.17, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.10, the valuation of BSM can be described as very reasonable.
Based on the Price/Forward Earnings ratio, BSM is valued a bit cheaper than the industry average as 70.19% of the companies are valued more expensively.
BSM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 11.1 |
4.2 Price Multiples
BSM's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, BSM is valued a bit cheaper than 67.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.6 | ||
| EV/EBITDA | 9.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
BSM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.62
PEG (5Y)2.35
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.03%, BSM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.96, BSM pays a better dividend. On top of this BSM pays more dividend than 86.54% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.03% |
5.2 History
The dividend of BSM has a limited annual growth rate of 1.14%.
BSM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
135.16% of the earnings are spent on dividend by BSM. This is not a sustainable payout ratio.
BSM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP135.16%
EPS Next 2Y2.23%
EPS Next 3Y7%
13.34
-0.11 (-0.82%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.17%
Inst Owner Change0%
Ins Owners16.8%
Ins Owner Change1.29%
Market Cap2.83B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (14.69%)
Short Float %1.97%
Short Ratio7.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.03% |
Yearly Dividend1.68
Dividend Growth(5Y)1.14%
DP135.16%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)56.28%
Min EPS beat(2)41.44%
Max EPS beat(2)71.11%
EPS beat(4)2
Avg EPS beat(4)-8.18%
Min EPS beat(4)-93.88%
Max EPS beat(4)71.11%
EPS beat(8)4
Avg EPS beat(8)-3.97%
EPS beat(12)6
Avg EPS beat(12)4.21%
EPS beat(16)9
Avg EPS beat(16)17.9%
Revenue beat(2)1
Avg Revenue beat(2)-1.22%
Min Revenue beat(2)-3.91%
Max Revenue beat(2)1.46%
Revenue beat(4)1
Avg Revenue beat(4)-7.6%
Min Revenue beat(4)-25.2%
Max Revenue beat(4)1.46%
Revenue beat(8)2
Avg Revenue beat(8)-1.85%
Revenue beat(12)3
Avg Revenue beat(12)0.23%
Revenue beat(16)6
Avg Revenue beat(16)3.31%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-9.43%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)0%
EPS NY rev (3m)6.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.53%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 11.1 | ||
| P/S | 6.5 | ||
| P/FCF | 12.6 | ||
| P/OCF | 8.41 | ||
| P/B | 2.51 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 9.19 |
EPS(TTM)1.13
EY8.47%
EPS(NY)1.2
Fwd EY9.01%
FCF(TTM)1.06
FCFY7.93%
OCF(TTM)1.59
OCFY11.89%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.62
PEG (5Y)2.35
Graham Number11.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.25% | ||
| ROE | 21.74% | ||
| ROCE | 22.47% | ||
| ROIC | 17.75% | ||
| ROICexc | 17.79% | ||
| ROICexgc | 17.79% | ||
| OM | 64.62% | ||
| PM (TTM) | 56.23% | ||
| GM | 88.27% | ||
| FCFM | 51.55% |
ROA(3y)29.1%
ROA(5y)21.66%
ROE(3y)30.66%
ROE(5y)23.33%
ROIC(3y)25.28%
ROIC(5y)19.74%
ROICexc(3y)25.87%
ROICexc(5y)20.12%
ROICexgc(3y)25.87%
ROICexgc(5y)20.12%
ROCE(3y)32%
ROCE(5y)24.99%
ROICexgc growth 3Y13.21%
ROICexgc growth 5Y8.09%
ROICexc growth 3Y13.21%
ROICexc growth 5Y8.09%
OM growth 3Y7.06%
OM growth 5Y5.48%
PM growth 3Y7.56%
PM growth 5Y7.06%
GM growth 3Y1.53%
GM growth 5Y0.56%
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Debt/EBITDA | 0.3 | ||
| Cap/Depr | 285.5% | ||
| Cap/Sales | 25.7% | ||
| Interest Coverage | 47.61 | ||
| Cash Conversion | 104.93% | ||
| Profit Quality | 91.67% | ||
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 | ||
| Altman-Z | N/A |
F-Score5
WACC8.83%
ROIC/WACC2.01
Cap/Depr(3y)108.08%
Cap/Depr(5y)70.81%
Cap/Sales(3y)10.59%
Cap/Sales(5y)7.45%
Profit Quality(3y)109.65%
Profit Quality(5y)150.85%
High Growth Momentum
Growth
EPS 1Y (TTM)-30.25%
EPS 3Y13.82%
EPS 5Y5.02%
EPS Q2Q%-2.44%
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.58%
Revenue growth 3Y6.47%
Revenue growth 5Y-2.32%
Sales Q2Q%1.94%
Revenue Next Year-6.62%
Revenue Next 2Y1.13%
Revenue Next 3Y3.96%
Revenue Next 5YN/A
EBIT growth 1Y-24.69%
EBIT growth 3Y13.99%
EBIT growth 5Y3.03%
EBIT Next Year7.08%
EBIT Next 3Y8.32%
EBIT Next 5YN/A
FCF growth 1Y-58.32%
FCF growth 3Y4.19%
FCF growth 5Y-1.89%
OCF growth 1Y-38.17%
OCF growth 3Y14.84%
OCF growth 5Y-1.17%
BLACK STONE MINERALS LP / BSM FAQ
What is the fundamental rating for BSM stock?
ChartMill assigns a fundamental rating of 7 / 10 to BSM.
What is the valuation status of BLACK STONE MINERALS LP (BSM) stock?
ChartMill assigns a valuation rating of 6 / 10 to BLACK STONE MINERALS LP (BSM). This can be considered as Fairly Valued.
What is the profitability of BSM stock?
BLACK STONE MINERALS LP (BSM) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for BSM stock?
The Price/Earnings (PE) ratio for BLACK STONE MINERALS LP (BSM) is 11.81 and the Price/Book (PB) ratio is 2.51.
What is the expected EPS growth for BLACK STONE MINERALS LP (BSM) stock?
The Earnings per Share (EPS) of BLACK STONE MINERALS LP (BSM) is expected to grow by 4.51% in the next year.