BLACK STONE MINERALS LP (BSM) Stock Fundamental Analysis
USA - NYSE:BSM - US09225M1018
13.31 USD
+0.16 (+1.22%)
13.31 USD
0 (0%)
Taking everything into account, BSM scores 7 out of 10 in our fundamental rating. BSM was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. BSM scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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
In the past year BSM was profitable.
In the past year BSM had a positive cash flow from operations.
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
The Return On Assets of BSM (19.25%) is better than 95.71% of its industry peers.
BSM has a better Return On Equity (21.74%) than 88.10% of its industry peers.
BSM's Return On Invested Capital of 17.75% is amongst the best of the industry. BSM outperforms 94.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSM is above the industry average of 21.78%.
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 94.29% of its industry peers.
In the last couple of years the Profit Margin of BSM has grown nicely.
BSM has a Operating Margin of 64.62%. This is amongst the best in the industry. BSM outperforms 94.76% of its industry peers.
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 94.76% 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 91.43% 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 a decent Debt to Equity ratio value of 0.08, BSM is doing good in the industry, outperforming 77.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.08 | ||
| Debt/FCF | 0.42 | ||
| Altman-Z | N/A |
ROIC/WACC2.02
WACC8.77%
2.3 Liquidity
BSM has a Current Ratio of 4.37. This indicates that BSM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.37, BSM belongs to the top of the industry, outperforming 89.52% 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.
With an excellent Quick ratio value of 4.37, BSM belongs to the best of the industry, outperforming 90.00% 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%.
BSM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.02% yearly.
The Revenue for BSM has decreased by -19.58% in the past year. This is quite bad
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.
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.
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
With a Price/Earnings ratio of 11.78, the valuation of BSM can be described as very reasonable.
Based on the Price/Earnings ratio, BSM is valued a bit cheaper than the industry average as 68.10% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of BSM to the average of the S&P500 Index (26.06), we can say BSM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.07, the valuation of BSM can be described as reasonable.
68.10% of the companies in the same industry are more expensive than BSM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.73, BSM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 11.07 |
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 70.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.58 | ||
| EV/EBITDA | 9.09 |
4.3 Compensation for Growth
BSM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.34
EPS Next 2Y2.23%
EPS Next 3Y5.05%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.02%, BSM is a good candidate for dividend investing.
BSM's Dividend Yield is rather good when compared to the industry average which is at 5.91. BSM pays more dividend than 87.62% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, BSM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.02% |
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.
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 3Y5.05%
13.31
+0.16 (+1.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners14.15%
Inst Owner Change-28.3%
Ins Owners17.81%
Ins Owner Change1.16%
Market Cap2.82B
Revenue(TTM)434.94M
Net Income(TTM)244.59M
Analysts72.5
Price Target15.3 (14.95%)
Short Float %2%
Short Ratio7.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.02% |
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)-3.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16%
EPS NY rev (1m)0%
EPS NY rev (3m)7.89%
Revenue NQ rev (1m)-1.8%
Revenue NQ rev (3m)-13.12%
Revenue NY rev (1m)-2.48%
Revenue NY rev (3m)-8.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 11.07 | ||
| P/S | 6.48 | ||
| P/FCF | 12.58 | ||
| P/OCF | 8.39 | ||
| P/B | 2.51 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)1.13
EY8.49%
EPS(NY)1.2
Fwd EY9.03%
FCF(TTM)1.06
FCFY7.95%
OCF(TTM)1.59
OCFY11.92%
SpS2.05
BVpS5.31
TBVpS5.31
PEG (NY)N/A
PEG (5Y)2.34
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
WACC8.77%
ROIC/WACC2.02
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%.