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DORCHESTER MINERALS LP (DMLP) Stock Fundamental Analysis

NASDAQ:DMLP - Nasdaq - US25820R1059 - Currency: USD

27.3  +0.53 (+1.98%)

After market: 27.3 0 (0%)

Fundamental Rating

6

Overall DMLP gets a fundamental rating of 6 out of 10. We evaluated DMLP against 213 industry peers in the Oil, Gas & Consumable Fuels industry. DMLP scores excellent points on both the profitability and health parts. This is a solid base for a good stock. 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

DMLP had positive earnings in the past year.
DMLP had a positive operating cash flow in the past year.
Each year in the past 5 years DMLP has been profitable.
Each year in the past 5 years DMLP had a positive operating cash flow.
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

The Return On Assets of DMLP (25.40%) is better than 95.77% of its industry peers.
Looking at the Return On Equity, with a value of 25.83%, DMLP belongs to the top of the industry, outperforming 88.26% of the companies in the same industry.
DMLP's Return On Invested Capital of 21.12% is amongst the best of the industry. DMLP outperforms 96.71% 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 23.98%.
The 3 year average ROIC (42.72%) for DMLP is well above the current ROIC(21.12%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 25.4%
ROE 25.83%
ROIC 21.12%
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 51.03%, DMLP belongs to the top of the industry, outperforming 93.43% 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 52.92%, DMLP belongs to the top of the industry, outperforming 91.55% of the companies in the same industry.
DMLP's Operating Margin has declined in the last couple of years.
The Gross Margin of DMLP (90.57%) is better than 96.24% 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 52.92%
PM (TTM) 51.03%
GM 90.57%
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

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
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/WACC2.31
WACC9.14%
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 13.19. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
DMLP has a better Current ratio (13.19) than 97.18% of its industry peers.
DMLP has a Quick Ratio of 13.19. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
DMLP's Quick ratio of 13.19 is amongst the best of the industry. DMLP outperforms 97.18% of its industry peers.
Industry RankSector Rank
Current Ratio 13.19
Quick Ratio 13.19
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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3

3. Growth

3.1 Past

DMLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.60%.
DMLP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.30% yearly.
The Revenue has grown by 12.35% in the past year. This is quite good.
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)-18.6%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-18.97%
Revenue 1Y (TTM)12.35%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%39.33%

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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4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.88, DMLP is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as DMLP.
When comparing the Price/Earnings ratio of DMLP to the average of the S&P500 Index (26.25), we can say DMLP is valued rather cheaply.
Industry RankSector Rank
PE 12.88
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

The rest of the industry has a similar Enterprise Value to EBITDA ratio as DMLP.
DMLP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DMLP is cheaper than 76.06% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.36
EV/EBITDA 9.1
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)1.76
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 11.52%, DMLP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.82, DMLP pays a better dividend. On top of this DMLP pays more dividend than 91.08% of the companies listed in the same industry.
DMLP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 11.52%

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

DMLP pays out 165.56% 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.
DP165.56%
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 (6/2/2025, 4:04:09 PM)

After market: 27.3 0 (0%)

27.3

+0.53 (+1.98%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-01 2025-05-01
Earnings (Next)07-30 2025-07-30
Inst Owners26.14%
Inst Owner Change6.14%
Ins Owners6.05%
Ins Owner Change0.78%
Market Cap1.29B
Analysts0
Price TargetN/A
Short Float %0.85%
Short Ratio3.38
Dividend
Industry RankSector Rank
Dividend Yield 11.52%
Yearly Dividend3.49
Dividend Growth(5Y)10.55%
DP165.56%
Div Incr Years1
Div Non Decr Years1
Ex-Date05-05 2025-05-05 (0.725835)
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 12.88
Fwd PE N/A
P/S 7.44
P/FCF 9.36
P/OCF 9.36
P/B 3.77
P/tB 3.77
EV/EBITDA 9.1
EPS(TTM)2.12
EY7.77%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.92
FCFY10.68%
OCF(TTM)2.92
OCFY10.68%
SpS3.67
BVpS7.25
TBVpS7.25
PEG (NY)N/A
PEG (5Y)1.76
Profitability
Industry RankSector Rank
ROA 25.4%
ROE 25.83%
ROCE 26.73%
ROIC 21.12%
ROICexc 24.02%
ROICexgc 24.02%
OM 52.92%
PM (TTM) 51.03%
GM 90.57%
FCFM 79.48%
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-Score5
Asset Turnover0.5
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 102.51%
Profit Quality 155.75%
Current Ratio 13.19
Quick Ratio 13.19
Altman-Z N/A
F-Score5
WACC9.14%
ROIC/WACC2.31
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)-18.6%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-18.97%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)12.35%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%39.33%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-11.79%
EBIT growth 3Y9.61%
EBIT growth 5Y11.85%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-12.28%
FCF growth 3Y23.57%
FCF growth 5Y14.95%
OCF growth 1Y-12.28%
OCF growth 3Y23.57%
OCF growth 5Y14.95%