BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BSM - US09225M1018
13.5 USD
-0.6 (-4.26%)
13.76 USD
+0.26 (+1.93%)
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 gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
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 95.67% of its industry peers.
With an excellent Return On Equity value of 21.74%, BSM belongs to the best of the industry, outperforming 89.42% of the companies in the same industry.
BSM has a better Return On Invested Capital (17.75%) than 95.67% of its industry peers.
BSM had an Average Return On Invested Capital over the past 3 years of 25.28%. This is above the industry average of 20.87%.
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
With an excellent Profit Margin value of 56.23%, BSM belongs to the best of the industry, outperforming 94.23% of the companies in the same industry.
BSM's Profit Margin has improved in the last couple of years.
BSM's Operating Margin of 64.62% is amongst the best of the industry. BSM outperforms 95.19% of its industry peers.
BSM's Operating Margin has improved in the last couple of years.
BSM has a better Gross Margin (88.27%) than 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), BSM is creating value.
Compared to 1 year ago, BSM has less shares outstanding
BSM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BSM has a worse debt to assets ratio.
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.
With an excellent Debt to FCF ratio value of 0.42, BSM belongs to the best of the industry, outperforming 89.42% of the companies in the same industry.
A Debt/Equity ratio of 0.08 indicates that BSM is not too dependend on debt financing.
BSM has a better Debt to Equity ratio (0.08) than 79.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.01
WACC8.84%
2.3 Liquidity
A Current Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 4.37, BSM belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
A Quick Ratio of 4.37 indicates that BSM has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.37, BSM belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
| 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.
The Revenue for BSM has decreased by -19.58% in the past year. This is quite bad
BSM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.32% yearly.
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 7.00% on average over the next years.
BSM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.97% yearly.
EPS Next Y4.51%
EPS Next 2Y2.23%
EPS Next 3Y7%
EPS Next 5YN/A
Revenue Next Year-6.87%
Revenue Next 2Y1.34%
Revenue Next 3Y3.97%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.95 indicates a reasonable valuation of BSM.
BSM's Price/Earnings ratio is a bit cheaper when compared to the industry. BSM is cheaper than 65.38% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.43, BSM is valued rather cheaply.
BSM is valuated reasonably with a Price/Forward Earnings ratio of 11.23.
Based on the Price/Forward Earnings ratio, BSM is valued a bit cheaper than 65.38% of the companies in the same industry.
BSM is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.95 | ||
| Fwd PE | 11.23 |
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 65.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.76 | ||
| EV/EBITDA | 9.62 |
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)2.65
PEG (5Y)2.38
EPS Next 2Y2.23%
EPS Next 3Y7%
5. Dividend
5.1 Amount
BSM has a Yearly Dividend Yield of 8.28%, which is a nice return.
BSM's Dividend Yield is rather good when compared to the industry average which is at 3.83. BSM pays more dividend than 84.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.87, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.28% |
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.
The dividend of BSM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP135.16%
EPS Next 2Y2.23%
EPS Next 3Y7%
13.5
-0.6 (-4.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.14%
Inst Owner Change-28.53%
Ins Owners16.8%
Ins Owner Change1.35%
Market Cap2.86B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (13.33%)
Short Float %1.92%
Short Ratio7.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.28% |
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)-1.85%
EPS NY rev (1m)6.57%
EPS NY rev (3m)10.53%
Revenue NQ rev (1m)-0.47%
Revenue NQ rev (3m)-11.38%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-6.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.95 | ||
| Fwd PE | 11.23 | ||
| P/S | 6.58 | ||
| P/FCF | 12.76 | ||
| P/OCF | 8.51 | ||
| P/B | 2.54 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 9.62 |
EPS(TTM)1.13
EY8.37%
EPS(NY)1.2
Fwd EY8.9%
FCF(TTM)1.06
FCFY7.84%
OCF(TTM)1.59
OCFY11.75%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)2.65
PEG (5Y)2.38
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
WACC8.84%
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-6.87%
Revenue Next 2Y1.34%
Revenue Next 3Y3.97%
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.
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%.