BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
14.03 USD
-0.23 (-1.61%)
14.03 USD
0 (0%)
Overall BSM gets a fundamental rating of 7 out of 10. We evaluated BSM against 209 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making BSM a very profitable company, without any liquidiy or solvency issues. BSM has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
BSM had positive earnings in each of the past 5 years.
In the past 5 years BSM always reported a positive cash flow from operatings.
1.2 Ratios
BSM has a better Return On Assets (19.25%) than 95.69% of its industry peers.
With an excellent Return On Equity value of 21.74%, BSM belongs to the best of the industry, outperforming 89.00% of the companies in the same industry.
With an excellent Return On Invested Capital value of 17.75%, BSM belongs to the best of the industry, outperforming 95.69% 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 21.47%.
The 3 year average ROIC (25.28%) for BSM is well above the current ROIC(17.75%). The reason for the recent decline needs to be investigated.
| 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 has a better Profit Margin (56.23%) than 94.26% of its industry peers.
In the last couple of years the Profit Margin of BSM has grown nicely.
The Operating Margin of BSM (64.62%) is better than 95.22% of its industry peers.
BSM's Operating Margin has improved in the last couple of years.
BSM has a Gross Margin of 88.27%. This is amongst the best in the industry. BSM outperforms 95.22% 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BSM is creating value.
The number of shares outstanding for BSM has been reduced compared to 1 year ago.
The number of shares outstanding for BSM has been increased compared to 5 years ago.
BSM has a worse debt/assets ratio than last year.
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.
Looking at the Debt to FCF ratio, with a value of 0.42, BSM belongs to the top of the industry, outperforming 89.95% of the companies in the same industry.
BSM has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
BSM's Debt to Equity ratio of 0.08 is fine compared to the rest of the industry. BSM outperforms 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.03
WACC8.75%
2.3 Liquidity
A Current Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
BSM's Current ratio of 4.37 is amongst the best of the industry. BSM outperforms 87.56% of its industry peers.
A Quick Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
The Quick ratio of BSM (4.37) is better than 88.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.37 | ||
| Quick Ratio | 4.37 |
3. Growth
3.1 Past
BSM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.25%.
Measured over the past 5 years, BSM shows a small growth in Earnings Per Share. The EPS has been growing by 5.02% on average per year.
Looking at the last year, BSM shows a very negative growth in Revenue. The Revenue has decreased by -19.58% in the last year.
The Revenue has been decreasing by -2.32% on average over the past years.
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 5.05% yearly.
BSM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.46% yearly.
EPS Next Y-1.93%
EPS Next 2Y2.23%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue Next Year-6.38%
Revenue Next 2Y1.7%
Revenue Next 3Y4.46%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
BSM is valuated correctly with a Price/Earnings ratio of 12.42.
BSM's Price/Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 64.11% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.15, BSM is valued rather cheaply.
BSM is valuated reasonably with a Price/Forward Earnings ratio of 11.67.
BSM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 65.07% of the companies in the same industry.
BSM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.22, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.42 | ||
| Fwd PE | 11.67 |
4.2 Price Multiples
BSM's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSM indicates a somewhat cheap valuation: BSM is cheaper than 68.42% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.26 | ||
| EV/EBITDA | 9.72 |
4.3 Compensation for Growth
The excellent profitability rating of BSM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.47
EPS Next 2Y2.23%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
BSM has a Yearly Dividend Yield of 8.59%, which is a nice return.
Compared to an average industry Dividend Yield of 5.96, BSM pays a better dividend. On top of this BSM pays more dividend than 84.69% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.59% |
5.2 History
The dividend of BSM has a limited annual growth rate of 1.14%.
BSM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.14%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
BSM pays out 135.16% of its income as dividend. 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 3Y5.05%
14.03
-0.23 (-1.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.15%
Inst Owner Change-28.53%
Ins Owners17.81%
Ins Owner Change1.35%
Market Cap2.97B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (9.05%)
Short Float %1.96%
Short Ratio7.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.59% |
Yearly Dividend1.68
Dividend Growth(5Y)1.14%
DP135.16%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-1.85%
EPS NQ rev (3m)-18.88%
EPS NY rev (1m)0%
EPS NY rev (3m)3.72%
Revenue NQ rev (1m)-6.8%
Revenue NQ rev (3m)-25.23%
Revenue NY rev (1m)-2.48%
Revenue NY rev (3m)-8.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.42 | ||
| Fwd PE | 11.67 | ||
| P/S | 6.83 | ||
| P/FCF | 13.26 | ||
| P/OCF | 8.85 | ||
| P/B | 2.64 | ||
| P/tB | 2.64 | ||
| EV/EBITDA | 9.72 |
EPS(TTM)1.13
EY8.05%
EPS(NY)1.2
Fwd EY8.57%
FCF(TTM)1.06
FCFY7.54%
OCF(TTM)1.59
OCFY11.3%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)N/A
PEG (5Y)2.47
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
WACC8.75%
ROIC/WACC2.03
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 Y-1.93%
EPS Next 2Y2.23%
EPS Next 3Y5.05%
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-6.38%
Revenue Next 2Y1.7%
Revenue Next 3Y4.46%
Revenue Next 5YN/A
EBIT growth 1Y-24.69%
EBIT growth 3Y13.99%
EBIT growth 5Y3.03%
EBIT Next Year6.92%
EBIT Next 3Y9.85%
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.
Can you provide the valuation status for BLACK STONE MINERALS LP?
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.
What is the financial health of BLACK STONE MINERALS LP (BSM) stock?
The financial health rating of BLACK STONE MINERALS LP (BSM) is 7 / 10.
Can you provide the dividend sustainability for BSM stock?
The dividend rating of BLACK STONE MINERALS LP (BSM) is 6 / 10 and the dividend payout ratio is 135.16%.