DORCHESTER MINERALS LP (DMLP)
US25820R1059
We assign a fundamental rating of 6 out of 10 to DMLP. DMLP was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. DMLP gets an excellent profitability rating and is at the same time showing great financial health properties. DMLP 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 DMLP was profitable.
DMLP had a positive operating cash flow in the past year.
DMLP had positive earnings in each of the past 5 years.
DMLP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DMLP has a better Return On Assets (57.77%) than 95.33% of its industry peers.
DMLP's Return On Equity of 59.49% is amongst the best of the industry. DMLP outperforms 91.59% of its industry peers.
The Return On Invested Capital of DMLP (48.31%) is better than 96.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for DMLP is above the industry average of 44.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 57.77% | ||
| ROE | 59.49% | ||
| ROIC | 48.31% |
ROA(3y)58.51%
ROA(5y)48.63%
ROE(3y)60.21%
ROE(5y)50.22%
ROIC(3y)48.84%
ROIC(5y)40.6%
1.3 Margins
DMLP's Profit Margin of 67.39% is amongst the best of the industry. DMLP outperforms 90.65% of its industry peers.
DMLP's Profit Margin has been stable in the last couple of years.
DMLP has a better Operating Margin (69.66%) than 92.06% of its industry peers.
In the last couple of years the Operating Margin of DMLP has remained more or less at the same level.
DMLP has a Gross Margin of 92.55%. This is amongst the best in the industry. DMLP outperforms 96.26% of its industry peers.
DMLP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 69.66% | ||
| PM (TTM) | 67.39% | ||
| GM | 92.55% |
OM growth 3Y14.27%
OM growth 5Y-1.07%
PM growth 3Y14.24%
PM growth 5Y-0.98%
GM growth 3Y1.75%
GM growth 5Y0.01%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DMLP is creating value.
Compared to 1 year ago, DMLP has more shares outstanding
DMLP has more shares outstanding than it did 5 years ago.
There is no outstanding debt for DMLP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
DMLP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC5.21
WACC9.27%
2.3 Liquidity
DMLP has a Current Ratio of 15.60. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DMLP (15.60) is better than 96.73% of its industry peers.
DMLP has a Quick Ratio of 15.60. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
DMLP has a Quick ratio of 15.60. This is amongst the best in the industry. DMLP outperforms 96.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 15.6 | ||
| Quick Ratio | 15.6 |
3. Growth
3.1 Past
DMLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.58%.
DMLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.07% yearly.
DMLP shows a decrease in Revenue. In the last year, the revenue decreased by -4.10%.
DMLP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.45% yearly.
EPS 1Y (TTM)-15.58%
EPS 3Y67.1%
EPS 5Y12.07%
EPS growth Q2Q24.53%
Revenue 1Y (TTM)-4.1%
Revenue growth 3Y51.72%
Revenue growth 5Y17.45%
Revenue growth Q2Q29.68%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.68 indicates a reasonable valuation of DMLP.
Compared to the rest of the industry, the Price/Earnings ratio of DMLP is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.06, DMLP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | N/A |
4.2 Price Multiples
DMLP's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. DMLP is more expensive than 61.22% of the companies in the same industry.
66.36% of the companies in the same industry are more expensive than DMLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.51 | ||
| EV/EBITDA | 9.14 |
4.3 Compensation for Growth
DMLP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.97
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
DMLP has a Yearly Dividend Yield of 10.88%, which is a nice return.
DMLP's Dividend Yield is rather good when compared to the industry average which is at 5.75. DMLP pays more dividend than 91.59% of the companies in the same industry.
DMLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
5.2 History
The dividend of DMLP is nicely growing with an annual growth rate of 14.18%!
DMLP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)14.18%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DMLP pays out 123.07% of its income as dividend. This is not a sustainable payout ratio.
DMLP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP123.07%
EPS Next 2YN/A
EPS Next 3YN/A
DORCHESTER MINERALS LP
NASDAQ:DMLP (5/2/2024, 7:00:01 PM)
After market: 32.0012 -1.18 (-3.55%)33.18
+0.83 (+2.57%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.33B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.88% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 57.77% | ||
| ROE | 59.49% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 69.66% | ||
| PM (TTM) | 67.39% | ||
| GM | 92.55% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.86
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 15.6 | ||
| Quick Ratio | 15.6 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-15.58%
EPS 3Y67.1%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-4.1%
Revenue growth 3Y51.72%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y