BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:BSM • US09225M1018
14.77 USD
-0.22 (-1.47%)
At close: Jan 30, 2026
14.77 USD
0 (0%)
After Hours: 1/30/2026, 8:04:00 PM
Overall BSM gets a fundamental rating of 7 out of 10. We evaluated BSM against 207 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 has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year BSM was profitable.
- In the past year BSM had a positive cash flow from operations.
- BSM had positive earnings in each of the past 5 years.
- Each year in the past 5 years BSM had a positive operating cash flow.
1.2 Ratios
- BSM has a Return On Assets of 19.25%. This is amongst the best in the industry. BSM outperforms 95.17% of its industry peers.
- With an excellent Return On Equity value of 21.74%, BSM belongs to the best of the industry, outperforming 89.37% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 17.75%, BSM belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for BSM is above the industry average of 21.94%.
- 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 94.20% of its industry peers.
- BSM's Profit Margin has improved in the last couple of years.
- BSM has a Operating Margin of 64.62%. This is amongst the best in the industry. BSM outperforms 95.65% of its industry peers.
- BSM's Operating Margin has improved in the last couple of years.
- BSM's Gross Margin of 88.27% is amongst the best of the industry. BSM outperforms 94.20% 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
- BSM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
- Compared to 1 year ago, BSM has less shares outstanding
- BSM has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for BSM is higher compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of BSM is 0.42, which is an excellent value as it means it would take BSM, only 0.42 years of fcf income to pay off all of its debts.
- BSM has a Debt to FCF ratio of 0.42. This is amongst the best in the industry. BSM outperforms 89.37% 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.
- With an excellent Debt to Equity ratio value of 0.08, BSM belongs to the best of the industry, outperforming 80.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC1.99
WACC8.91%
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 Current ratio of 4.37. This is amongst the best in the industry. BSM outperforms 85.99% 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 86.96% 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%.
- 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
- The Earnings Per Share is expected to grow by 5.05% on average over the next years.
- The Revenue is expected to grow by 3.96% on average over the next years.
EPS Next Y7.44%
EPS Next 2Y2.8%
EPS Next 3Y5.05%
EPS Next 5YN/A
Revenue Next Year-6.62%
Revenue Next 2Y0.7%
Revenue Next 3Y3.96%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same 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 13.07, which indicates a correct 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 68.12% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.30, BSM is valued rather cheaply.
- A Price/Forward Earnings ratio of 12.15 indicates a correct valuation of BSM.
- BSM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 70.53% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.57. BSM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.07 | ||
| Fwd PE | 12.15 |
4.2 Price Multiples
- BSM's Enterprise Value to EBITDA ratio is in line with the industry average.
- BSM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BSM is cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.96 | ||
| EV/EBITDA | 10.21 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- BSM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.76
PEG (5Y)2.6
EPS Next 2Y2.8%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
- BSM has a Yearly Dividend Yield of 8.01%, which is a nice return.
- BSM's Dividend Yield is rather good when compared to the industry average which is at 3.73. BSM pays more dividend than 84.54% of the companies in the same industry.
- BSM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.01% |
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.
- The dividend of BSM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP135.16%
EPS Next 2Y2.8%
EPS Next 3Y5.05%
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 13.07 and the Price/Book (PB) ratio is 2.78.
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 7.44% in the next year.