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DORCHESTER MINERALS LP (DMLP) Stock Fundamental Analysis

NASDAQ:DMLP - US25820R1059

25.27 USD
-0.03 (-0.1%)
Last: 9/3/2025, 8:10:18 PM
25.03 USD
-0.24 (-0.95%)
After Hours: 9/3/2025, 8:10:18 PM
Fundamental Rating

6

Overall DMLP gets a fundamental rating of 6 out of 10. We evaluated DMLP against 209 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 on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

In the past year DMLP was profitable.
In the past year DMLP had a positive cash flow from operations.
In the past 5 years DMLP has always been profitable.
DMLP had a positive operating cash flow in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

1.2 Ratios

DMLP's Return On Assets of 23.88% is amongst the best of the industry. DMLP outperforms 96.17% of its industry peers.
The Return On Equity of DMLP (24.31%) is better than 89.47% of its industry peers.
The Return On Invested Capital of DMLP (19.88%) is better than 96.65% of its industry peers.
DMLP had an Average Return On Invested Capital over the past 3 years of 42.72%. This is significantly above the industry average of 21.91%.
The 3 year average ROIC (42.72%) for DMLP is well above the current ROIC(19.88%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 23.88%
ROE 24.31%
ROIC 19.88%
ROA(3y)51.22%
ROA(5y)44.77%
ROE(3y)52.56%
ROE(5y)46.07%
ROIC(3y)42.72%
ROIC(5y)37.34%
DMLP Yearly ROA, ROE, ROICDMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

1.3 Margins

Looking at the Profit Margin, with a value of 46.08%, DMLP belongs to the top of the industry, outperforming 92.82% of the companies in the same industry.
In the last couple of years the Profit Margin of DMLP has declined.
The Operating Margin of DMLP (47.79%) is better than 90.91% of its industry peers.
In the last couple of years the Operating Margin of DMLP has declined.
DMLP has a Gross Margin of 90.89%. This is amongst the best in the industry. DMLP outperforms 96.17% 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 47.79%
PM (TTM) 46.08%
GM 90.89%
OM growth 3Y-8.68%
OM growth 5Y-3.1%
PM growth 3Y-8.71%
PM growth 5Y-3.12%
GM growth 3Y-0.32%
GM growth 5Y-0.14%
DMLP Yearly Profit, Operating, Gross MarginsDMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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
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.
DMLP Yearly Shares OutstandingDMLP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
DMLP Yearly Total Debt VS Total AssetsDMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC2.21
WACC9%
DMLP Yearly LT Debt VS Equity VS FCFDMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.3 Liquidity

DMLP has a Current Ratio of 11.61. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DMLP (11.61) is better than 96.65% of its industry peers.
DMLP has a Quick Ratio of 11.61. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 11.61, DMLP belongs to the best of the industry, outperforming 96.65% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 11.61
Quick Ratio 11.61
DMLP Yearly Current Assets VS Current LiabilitesDMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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2

3. Growth

3.1 Past

DMLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -32.75%.
DMLP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.30% yearly.
DMLP shows a small growth in Revenue. In the last year, the Revenue has grown by 4.58%.
Measured over the past years, DMLP shows a quite strong growth in Revenue. The Revenue has been growing by 15.44% on average per year.
EPS 1Y (TTM)-32.75%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-55.78%
Revenue 1Y (TTM)4.58%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%-13.29%

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
DMLP Yearly EPS VS EstimatesDMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 0.5 1 1.5 2

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.92, the valuation of DMLP can be described as reasonable.
66.51% of the companies in the same industry are more expensive than DMLP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.84. DMLP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.92
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

DMLP's Enterprise Value to EBITDA is on the same level as the industry average.
80.38% of the companies in the same industry are more expensive than DMLP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.6
EV/EBITDA 9.4
DMLP Per share dataDMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

The excellent profitability rating of DMLP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.63
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

DMLP has a Yearly Dividend Yield of 12.41%, which is a nice return.
DMLP's Dividend Yield is rather good when compared to the industry average which is at 6.06. DMLP pays more dividend than 95.22% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, DMLP pays a better dividend.
Industry RankSector Rank
Dividend Yield 12.41%

5.2 History

On average, the dividend of DMLP grows each year by 10.55%, which is quite nice.
DMLP has paid a dividend for at least 10 years, which is a reliable track record.
DMLP has decreased its dividend recently.
Dividend Growth(5Y)10.55%
Div Incr Years1
Div Non Decr Years1
DMLP Yearly Dividends per shareDMLP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

192.89% of the earnings are spent on dividend by DMLP. 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.
DP192.89%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
DMLP Dividend Payout.DMLP Dividend Payout, showing the Payout Ratio.DMLP Dividend Payout.PayoutRetained Earnings

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DORCHESTER MINERALS LP

NASDAQ:DMLP (9/3/2025, 8:10:18 PM)

After market: 25.03 -0.24 (-0.95%)

25.27

-0.03 (-0.1%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-31 2025-07-31
Earnings (Next)10-29 2025-10-29
Inst Owners25.98%
Inst Owner Change-10.1%
Ins Owners6.03%
Ins Owner Change1%
Market Cap1.20B
Analysts0
Price TargetN/A
Short Float %0.95%
Short Ratio3.92
Dividend
Industry RankSector Rank
Dividend Yield 12.41%
Yearly Dividend3.49
Dividend Growth(5Y)10.55%
DP192.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date08-04 2025-08-04 (0.620216)
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 11.92
Fwd PE N/A
P/S 7.09
P/FCF 8.6
P/OCF 8.6
P/B 3.74
P/tB 3.74
EV/EBITDA 9.4
EPS(TTM)2.12
EY8.39%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.94
FCFY11.63%
OCF(TTM)2.94
OCFY11.63%
SpS3.56
BVpS6.76
TBVpS6.76
PEG (NY)N/A
PEG (5Y)1.63
Profitability
Industry RankSector Rank
ROA 23.88%
ROE 24.31%
ROCE 25.16%
ROIC 19.88%
ROICexc 22.43%
ROICexgc 22.43%
OM 47.79%
PM (TTM) 46.08%
GM 90.89%
FCFM 82.47%
ROA(3y)51.22%
ROA(5y)44.77%
ROE(3y)52.56%
ROE(5y)46.07%
ROIC(3y)42.72%
ROIC(5y)37.34%
ROICexc(3y)55.19%
ROICexc(5y)47.3%
ROICexgc(3y)55.19%
ROICexgc(5y)47.3%
ROCE(3y)54.08%
ROCE(5y)47.27%
ROICexcg growth 3Y-21.92%
ROICexcg growth 5Y-11.51%
ROICexc growth 3Y-21.92%
ROICexc growth 5Y-11.51%
OM growth 3Y-8.68%
OM growth 5Y-3.1%
PM growth 3Y-8.71%
PM growth 5Y-3.12%
GM growth 3Y-0.32%
GM growth 5Y-0.14%
F-Score4
Asset Turnover0.52
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 112.77%
Profit Quality 178.99%
Current Ratio 11.61
Quick Ratio 11.61
Altman-Z N/A
F-Score4
WACC9%
ROIC/WACC2.21
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)130.68%
Profit Quality(5y)136.31%
High Growth Momentum
Growth
EPS 1Y (TTM)-32.75%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-55.78%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.58%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%-13.29%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-25.35%
EBIT growth 3Y9.61%
EBIT growth 5Y11.85%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.84%
FCF growth 3Y23.57%
FCF growth 5Y14.95%
OCF growth 1Y-5.84%
OCF growth 3Y23.57%
OCF growth 5Y14.95%