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DORCHESTER MINERALS LP (DMLP) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:DMLP - US25820R1059

21.9 USD
-0.48 (-2.14%)
Last: 11/25/2025, 8:00:01 PM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to DMLP. DMLP was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making DMLP a very profitable company, without any liquidiy or solvency issues. DMLP has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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.
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.
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

With an excellent Return On Assets value of 16.16%, DMLP belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
DMLP has a Return On Equity of 16.50%. This is in the better half of the industry: DMLP outperforms 79.05% of its industry peers.
The Return On Invested Capital of DMLP (13.50%) is better than 90.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DMLP is significantly above the industry average of 21.41%.
The last Return On Invested Capital (13.50%) for DMLP is well below the 3 year average (42.72%), which needs to be investigated, but indicates that DMLP had better years and this may not be a problem.
Industry RankSector Rank
ROA 16.16%
ROE 16.5%
ROIC 13.5%
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

DMLP has a Profit Margin of 35.42%. This is amongst the best in the industry. DMLP outperforms 91.43% of its industry peers.
DMLP's Profit Margin has declined in the last couple of years.
DMLP's Operating Margin of 36.77% is amongst the best of the industry. DMLP outperforms 84.76% of its industry peers.
In the last couple of years the Operating Margin of DMLP has declined.
DMLP's Gross Margin of 89.66% is amongst the best of the industry. DMLP outperforms 95.71% of its industry peers.
DMLP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.77%
PM (TTM) 35.42%
GM 89.66%
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

7

2. Health

2.1 Basic Checks

DMLP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for DMLP has been increased compared to 1 year ago.
The number of shares outstanding for DMLP has been increased compared to 5 years ago.
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 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/WACC1.56
WACC8.68%
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

A Current Ratio of 10.05 indicates that DMLP has no problem at all paying its short term obligations.
DMLP's Current ratio of 10.05 is amongst the best of the industry. DMLP outperforms 94.76% of its industry peers.
DMLP has a Quick Ratio of 10.05. This indicates that DMLP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 10.05, DMLP belongs to the top of the industry, outperforming 95.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 10.05
Quick Ratio 10.05
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

2

3. Growth

3.1 Past

The earnings per share for DMLP have decreased strongly by -59.56% in the last year.
Measured over the past 5 years, DMLP shows a small growth in Earnings Per Share. The EPS has been growing by 7.30% on average per year.
The Revenue for DMLP has decreased by -12.51% in the past year. This is quite bad
The Revenue has been growing by 15.44% on average over the past years. This is quite good.
EPS 1Y (TTM)-59.56%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-74.18%
Revenue 1Y (TTM)-12.51%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%-33.76%

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

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 10.33, the valuation of DMLP can be described as very reasonable.
Based on the Price/Earnings ratio, DMLP is valued a bit cheaper than the industry average as 77.62% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.98. DMLP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.33
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 ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, DMLP is valued cheaper than 84.29% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.15
EV/EBITDA 10.6
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)1.42
EPS Next 2YN/A
EPS Next 3YN/A

6

5. Dividend

5.1 Amount

DMLP has a Yearly Dividend Yield of 12.20%, which is a nice return.
Compared to an average industry Dividend Yield of 5.88, DMLP pays a better dividend. On top of this DMLP pays more dividend than 95.24% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, DMLP pays a better dividend.
Industry RankSector Rank
Dividend Yield 12.2%

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.
The dividend of DMLP decreased 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

283.53% 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.
DP283.53%
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

DORCHESTER MINERALS LP

NASDAQ:DMLP (11/25/2025, 8:00:01 PM)

21.9

-0.48 (-2.14%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30 2025-10-30
Earnings (Next)02-18 2026-02-18
Inst Owners25.02%
Inst Owner Change7.29%
Ins Owners5.92%
Ins Owner Change0.4%
Market Cap1.06B
Revenue(TTM)150.69M
Net Income(TTM)53.38M
Analysts0
Price TargetN/A
Short Float %1.23%
Short Ratio4.37
Dividend
Industry RankSector Rank
Dividend Yield 12.2%
Yearly Dividend3.49
Dividend Growth(5Y)10.55%
DP283.53%
Div Incr Years1
Div Non Decr Years1
Ex-Date11-03 2025-11-03 (0.689883)
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 10.33
Fwd PE N/A
P/S 7.01
P/FCF 8.15
P/OCF 8.15
P/B 3.27
P/tB 3.27
EV/EBITDA 10.6
EPS(TTM)2.12
EY9.68%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.69
FCFY12.27%
OCF(TTM)2.69
OCFY12.27%
SpS3.12
BVpS6.7
TBVpS6.7
PEG (NY)N/A
PEG (5Y)1.42
Graham Number17.88
Profitability
Industry RankSector Rank
ROA 16.16%
ROE 16.5%
ROCE 17.09%
ROIC 13.5%
ROICexc 15.49%
ROICexgc 15.49%
OM 36.77%
PM (TTM) 35.42%
GM 89.66%
FCFM 86.07%
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%
ROICexgc growth 3Y-21.92%
ROICexgc 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 Turnover0.46
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 132.36%
Profit Quality 242.99%
Current Ratio 10.05
Quick Ratio 10.05
Altman-Z N/A
F-Score5
WACC8.68%
ROIC/WACC1.56
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)-59.56%
EPS 3Y3.22%
EPS 5Y7.3%
EPS Q2Q%-74.18%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.51%
Revenue growth 3Y20.03%
Revenue growth 5Y15.44%
Sales Q2Q%-33.76%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-51.82%
EBIT growth 3Y9.61%
EBIT growth 5Y11.85%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-4.35%
FCF growth 3Y23.57%
FCF growth 5Y14.95%
OCF growth 1Y-4.35%
OCF growth 3Y23.57%
OCF growth 5Y14.95%

DORCHESTER MINERALS LP / DMLP FAQ

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

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


Can you provide the valuation status for DORCHESTER MINERALS LP?

ChartMill assigns a valuation rating of 5 / 10 to DORCHESTER MINERALS LP (DMLP). This can be considered as Fairly Valued.


Can you provide the profitability details for DORCHESTER MINERALS LP?

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


How financially healthy is DORCHESTER MINERALS LP?

The financial health rating of DORCHESTER MINERALS LP (DMLP) is 7 / 10.


How sustainable is the dividend of DORCHESTER MINERALS LP (DMLP) stock?

The dividend rating of DORCHESTER MINERALS LP (DMLP) is 6 / 10 and the dividend payout ratio is 283.53%.