BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
14.09 USD
-0.06 (-0.42%)
14.09 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to BSM. BSM was compared to 207 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 it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year BSM was profitable.
- BSM had a positive operating cash flow in the past year.
- In the past 5 years BSM has always been profitable.
- In the past 5 years BSM always reported a positive cash flow from operatings.
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.
- Looking at the Return On Equity, with a value of 21.74%, BSM belongs to the top of the industry, outperforming 89.42% 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 95.67% 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 21.94%.
- 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 Profit Margin of 56.23%. This is amongst the best in the industry. BSM outperforms 94.23% of its industry peers.
- In the last couple of years the Profit Margin of BSM has grown nicely.
- BSM has a better Operating Margin (64.62%) than 95.67% of its industry peers.
- In the last couple of years the Operating Margin of BSM has grown nicely.
- With an excellent Gross Margin value of 88.27%, BSM belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
- In the last couple of years the Gross Margin of BSM has remained more or less at the same level.
| 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.
- The number of shares outstanding for BSM has been reduced compared to 1 year ago.
- Compared to 5 years ago, BSM has more shares outstanding
- Compared to 1 year ago, BSM has a worse debt to assets ratio.
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.
- The Debt to FCF ratio of BSM (0.42) is better than 89.42% of its industry peers.
- A Debt/Equity ratio of 0.08 indicates that BSM is not too dependend on debt financing.
- With an excellent Debt to Equity ratio value of 0.08, BSM belongs to the best of the industry, outperforming 80.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2
WACC8.89%
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 86.06% of its industry peers.
- BSM has a Quick Ratio of 4.37. This indicates that BSM is financially healthy and has no problem in meeting its short term obligations.
- BSM has a Quick ratio of 4.37. This is amongst the best in the industry. BSM outperforms 87.02% 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.
- BSM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.02% yearly.
- 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 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 2Y0.7%
Revenue Next 3Y3.96%
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 accelerating.
- 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 12.47, which indicates a correct valuation of BSM.
- Based on the Price/Earnings ratio, BSM is valued a bit cheaper than the industry average as 67.31% of the companies are valued more expensively.
- BSM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.38.
- The Price/Forward Earnings ratio is 11.72, which indicates a very decent valuation of BSM.
- BSM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 68.27% of the companies in the same industry.
- BSM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.47 | ||
| Fwd PE | 11.72 |
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 66.83% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.31 | ||
| EV/EBITDA | 9.61 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSM does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of BSM may justify a higher PE ratio.
PEG (NY)2.76
PEG (5Y)2.48
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
- BSM has a Yearly Dividend Yield of 8.48%, which is a nice return.
- BSM's Dividend Yield is rather good when compared to the industry average which is at 3.75. BSM pays more dividend than 84.62% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.85, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
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
- 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%
14.09
-0.06 (-0.42%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners14.17%
Inst Owner Change-1.39%
Ins Owners16.8%
Ins Owner Change1.81%
Market Cap2.99B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (8.59%)
Short Float %1.97%
Short Ratio7.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.48% |
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)-0.63%
EPS NQ rev (3m)-2.47%
EPS NY rev (1m)0%
EPS NY rev (3m)6.57%
Revenue NQ rev (1m)1.22%
Revenue NQ rev (3m)-4.38%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)-2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.47 | ||
| Fwd PE | 11.72 | ||
| P/S | 6.86 | ||
| P/FCF | 13.31 | ||
| P/OCF | 8.88 | ||
| P/B | 2.65 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 9.61 |
EPS(TTM)1.13
EY8.02%
EPS(NY)1.2
Fwd EY8.53%
FCF(TTM)1.06
FCFY7.51%
OCF(TTM)1.59
OCFY11.26%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.76
PEG (5Y)2.48
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
WACC8.89%
ROIC/WACC2
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 2Y0.7%
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 12.47 and the Price/Book (PB) ratio is 2.65.
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.