DORCHESTER MINERALS LP (DMLP) Fundamental Analysis & Valuation

NASDAQ:DMLP • US25820R1059

Current stock price

27.57 USD
+0.32 (+1.17%)
At close:
27.5 USD
-0.07 (-0.25%)
Pre-Market:

This DMLP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. DMLP Profitability Analysis

1.1 Basic Checks

  • DMLP had positive earnings in the past year.
  • In the past year DMLP had a positive cash flow from operations.
  • DMLP had positive earnings in each of the past 5 years.
  • In the past 5 years DMLP always reported a positive cash flow from operatings.
DMLP Yearly Net Income VS EBIT VS OCF VS FCFDMLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M

1.2 Ratios

  • DMLP has a better Return On Assets (17.85%) than 94.74% of its industry peers.
  • DMLP has a Return On Equity of 18.10%. This is amongst the best in the industry. DMLP outperforms 82.78% of its industry peers.
  • DMLP has a Return On Invested Capital of 14.82%. This is amongst the best in the industry. DMLP outperforms 92.82% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for DMLP is above the industry average of 23.05%.
  • The last Return On Invested Capital (14.82%) for DMLP is well below the 3 year average (27.76%), which needs to be investigated, but indicates that DMLP had better years and this may not be a problem.
Industry RankSector Rank
ROA 17.85%
ROE 18.1%
ROIC 14.82%
ROA(3y)33.31%
ROA(5y)43.54%
ROE(3y)34.08%
ROE(5y)44.68%
ROIC(3y)27.76%
ROIC(5y)36.3%
DMLP Yearly ROA, ROE, ROICDMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • Looking at the Profit Margin, with a value of 36.15%, DMLP belongs to the top of the industry, outperforming 90.43% of the companies in the same industry.
  • DMLP's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 37.53%, DMLP belongs to the top of the industry, outperforming 86.12% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DMLP has declined.
  • DMLP's Gross Margin of 89.63% is amongst the best of the industry. DMLP outperforms 94.26% of its industry peers.
  • In the last couple of years the Gross Margin of DMLP has remained more or less at the same level.
Industry RankSector Rank
OM 37.53%
PM (TTM) 36.15%
GM 89.63%
OM growth 3Y-21.12%
OM growth 5Y-4.28%
PM growth 3Y-21.18%
PM growth 5Y-4.37%
GM growth 3Y-1.03%
GM growth 5Y0.4%
DMLP Yearly Profit, Operating, Gross MarginsDMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

7

2. DMLP Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so DMLP is creating value.
  • DMLP has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, DMLP has more shares outstanding
  • DMLP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DMLP Yearly Shares OutstandingDMLP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
DMLP Yearly Total Debt VS Total AssetsDMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.2 Solvency

  • 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC1.64
WACC9.03%
DMLP Yearly LT Debt VS Equity VS FCFDMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.3 Liquidity

  • DMLP has a Current Ratio of 15.54. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of DMLP (15.54) is better than 96.65% of its industry peers.
  • DMLP has a Quick Ratio of 15.54. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 15.54, DMLP belongs to the best of the industry, outperforming 96.65% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 15.54
Quick Ratio 15.54
DMLP Yearly Current Assets VS Current LiabilitesDMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M

3

3. DMLP Growth Analysis

3.1 Past

  • DMLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.73%.
  • DMLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.71% yearly.
  • DMLP shows a decrease in Revenue. In the last year, the revenue decreased by -5.38%.
  • The Revenue has been growing by 26.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-46.73%
EPS 3Y-29.79%
EPS 5Y13.71%
EPS Q2Q%11.63%
Revenue 1Y (TTM)-5.38%
Revenue growth 3Y-3.64%
Revenue growth 5Y26.65%
Sales Q2Q%5.41%

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.
DMLP Yearly Revenue VS EstimatesDMLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
DMLP Yearly EPS VS EstimatesDMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 0.5 1 1.5 2

3

4. DMLP Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.77, the valuation of DMLP can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of DMLP is on the same level as its industry peers.
  • DMLP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.23.
Industry RankSector Rank
PE 23.77
Fwd PE N/A
DMLP Price Earnings VS Forward Price EarningsDMLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DMLP is on the same level as its industry peers.
  • DMLP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DMLP is cheaper than 87.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.04
EV/EBITDA 10.42
DMLP Per share dataDMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • DMLP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.73
EPS Next 2YN/A
EPS Next 3YN/A

6

5. DMLP Dividend Analysis

5.1 Amount

  • DMLP has a Yearly Dividend Yield of 10.25%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.29, DMLP pays a better dividend. On top of this DMLP pays more dividend than 95.22% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, DMLP pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.25%

5.2 History

  • The dividend of DMLP is nicely growing with an annual growth rate of 14.92%!
  • DMLP has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of DMLP decreased recently.
Dividend Growth(5Y)14.92%
Div Incr Years1
Div Non Decr Years1
DMLP Yearly Dividends per shareDMLP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • DMLP pays out 247.85% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of DMLP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP247.85%
EPS Next 2YN/A
EPS Next 3YN/A
DMLP Yearly Income VS Free CF VS DividendDMLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
DMLP Dividend Payout.DMLP Dividend Payout, showing the Payout Ratio.DMLP Dividend Payout.PayoutRetained Earnings

DMLP Fundamentals: All Metrics, Ratios and Statistics

DORCHESTER MINERALS LP

NASDAQ:DMLP (3/20/2026, 8:00:01 PM)

Premarket: 27.5 -0.07 (-0.25%)

27.57

+0.32 (+1.17%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-24
Earnings (Next)05-06
Inst Owners29.51%
Inst Owner Change18.42%
Ins Owners6.01%
Ins Owner Change3.65%
Market Cap1.33B
Revenue(TTM)152.83M
Net Income(TTM)55.25M
Analysts0
Price TargetN/A
Short Float %1.29%
Short Ratio3.24
Dividend
Industry RankSector Rank
Dividend Yield 10.25%
Yearly Dividend2.87
Dividend Growth(5Y)14.92%
DP247.85%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-02
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 23.77
Fwd PE N/A
P/S 8.71
P/FCF 10.04
P/OCF 10.04
P/B 4.36
P/tB 4.36
EV/EBITDA 10.42
EPS(TTM)1.16
EY4.21%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.75
FCFY9.96%
OCF(TTM)2.75
OCFY9.96%
SpS3.17
BVpS6.32
TBVpS6.32
PEG (NY)N/A
PEG (5Y)1.73
Graham Number12.85
Profitability
Industry RankSector Rank
ROA 17.85%
ROE 18.1%
ROCE 18.76%
ROIC 14.82%
ROICexc 17.17%
ROICexgc 17.17%
OM 37.53%
PM (TTM) 36.15%
GM 89.63%
FCFM 86.69%
ROA(3y)33.31%
ROA(5y)43.54%
ROE(3y)34.08%
ROE(5y)44.68%
ROIC(3y)27.76%
ROIC(5y)36.3%
ROICexc(3y)34.86%
ROICexc(5y)46.14%
ROICexgc(3y)34.86%
ROICexgc(5y)46.14%
ROCE(3y)35.14%
ROCE(5y)45.95%
ROICexgc growth 3Y-39.66%
ROICexgc growth 5Y-5.68%
ROICexc growth 3Y-39.66%
ROICexc growth 5Y-5.68%
OM growth 3Y-21.12%
OM growth 5Y-4.28%
PM growth 3Y-21.18%
PM growth 5Y-4.37%
GM growth 3Y-1.03%
GM growth 5Y0.4%
F-Score5
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 107.14%
Profit Quality 239.78%
Current Ratio 15.54
Quick Ratio 15.54
Altman-Z N/A
F-Score5
WACC9.03%
ROIC/WACC1.64
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)171.72%
Profit Quality(5y)147.1%
High Growth Momentum
Growth
EPS 1Y (TTM)-46.73%
EPS 3Y-29.79%
EPS 5Y13.71%
EPS Q2Q%11.63%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.38%
Revenue growth 3Y-3.64%
Revenue growth 5Y26.65%
Sales Q2Q%5.41%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-37.96%
EBIT growth 3Y-23.99%
EBIT growth 5Y21.23%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-0.12%
FCF growth 3Y-3.43%
FCF growth 5Y27.45%
OCF growth 1Y-0.12%
OCF growth 3Y-3.43%
OCF growth 5Y27.45%

DORCHESTER MINERALS LP / DMLP Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for DORCHESTER MINERALS LP?

ChartMill assigns a fundamental rating of 6 / 10 to DMLP.


What is the valuation status for DMLP stock?

ChartMill assigns a valuation rating of 3 / 10 to DORCHESTER MINERALS LP (DMLP). This can be considered as Overvalued.


Can you provide the profitability details for DORCHESTER MINERALS LP?

DORCHESTER MINERALS LP (DMLP) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for DMLP stock?

The Price/Earnings (PE) ratio for DORCHESTER MINERALS LP (DMLP) is 23.77 and the Price/Book (PB) ratio is 4.36.


Can you provide the dividend sustainability for DMLP stock?

The dividend rating of DORCHESTER MINERALS LP (DMLP) is 6 / 10 and the dividend payout ratio is 247.85%.