NasdaqGS:DMLP

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Executive Summary

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United States.

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Snowflake Analysis


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Share Price & News

How has Dorchester Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DMLP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.4%

DMLP

2.5%

US Oil and Gas

3.0%

US Market


1 Year Return

-38.1%

DMLP

-35.0%

US Oil and Gas

15.8%

US Market

Return vs Industry: DMLP underperformed the US Oil and Gas industry which returned -34.7% over the past year.

Return vs Market: DMLP underperformed the US Market which returned 15.4% over the past year.


Shareholder returns

DMLPIndustryMarket
7 Day4.4%2.5%3.0%
30 Day-1.4%1.9%6.0%
90 Day1.1%-4.5%16.4%
1 Year-31.0%-38.1%-31.8%-35.0%18.4%15.8%
3 Year5.9%-22.1%-31.7%-38.9%44.8%35.4%
5 Year18.1%-23.7%-33.4%-44.1%75.7%56.7%

Price Volatility Vs. Market

How volatile is Dorchester Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Dorchester Minerals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DMLP ($11.38) is trading below our estimate of fair value ($29.76)

Significantly Below Fair Value: DMLP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DMLP is good value based on its PE Ratio (8.6x) compared to the US Oil and Gas industry average (9.8x).

PE vs Market: DMLP is good value based on its PE Ratio (8.6x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DMLP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DMLP is overvalued based on its PB Ratio (3.7x) compared to the US Oil and Gas industry average (0.7x).

Future Growth

How is Dorchester Minerals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

57.4%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dorchester Minerals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Dorchester Minerals performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DMLP has high quality earnings.

Growing Profit Margin: DMLP's current net profit margins (63.7%) are lower than last year (74.5%).


Past Earnings Growth Analysis

Earnings Trend: DMLP's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: DMLP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DMLP had negative earnings growth (-16.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (-13.9%).


Return on Equity

High ROE: DMLP's Return on Equity (44%) is considered outstanding.

Financial Health

How is Dorchester Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: DMLP's short term assets ($28.2M) exceed its short term liabilities ($3.1M).

Long Term Liabilities: DMLP's short term assets ($28.2M) exceed its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: DMLP is debt free.

Reducing Debt: DMLP has not had any debt for past 5 years.

Debt Coverage: DMLP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DMLP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Dorchester Minerals's current dividend yield, its reliability and sustainability?

16.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DMLP's dividend (16.32%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: DMLP's dividend (16.32%) is in the top 25% of dividend payers in the US market (4.45%)


Stability and Growth of Payments

Stable Dividend: DMLP's dividend payments have been volatile in the past 10 years.

Growing Dividend: DMLP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (139.8%), DMLP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

William McManemin (59 yo)

19.58yrs

Tenure

US$115,200

Compensation

Mr. William Casey McManemin serves as the Chief Executive Officer of Dorchester Minerals LP and has been its Chairman of Dorchester Minerals Management GP LLC., a General Partner of Dorchester Minerals LP ...


CEO Compensation Analysis

Compensation vs Market: William's total compensation ($USD115.20K) is below average for companies of similar size in the US market ($USD2.06M).

Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
William McManemin
Chairman & CEO19.58yrsUS$115.20k3.46%
$ 13.6m
Leslie Moriyama
Chief Financial Officer5.25yrsUS$389.42k0.067%
$ 264.9k
Bradley Ehrman
Chief Operating Officer5.25yrsUS$428.54k0.22%
$ 876.3k
Martye Miller
Investor Relations Managerno datano datano data
Teresa Williams
Controller5.25yrsno datano data

5.3yrs

Average Tenure

43yo

Average Age

Experienced Management: DMLP's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William McManemin
Chairman & CEO19.58yrsUS$115.20k3.46%
$ 13.6m
James Raley
Vice Chairman of the Board5.25yrsUS$115.20k0.093%
$ 367.0k
H. Allen
Manager of Dorchester Minerals Management GP LLC19.58yrsUS$103.21k0.71%
$ 2.8m
Robert Vaughn
Independent Manager of Dorchester Minerals Management GP LLC19.58yrsno data1.49%
$ 5.9m
C. Russell
Independent Manager of Dorchester Minerals Management GP LLC16.25yrsUS$35.00k0.032%
$ 128.2k
Ronald Trout
Independent Manager of Dorchester Minerals Management GP LLC12.5yrsUS$35.00k0.050%
$ 198.6k
Martha Peak Rochelle
Independent Manager of Dorchester Minerals Management GP LLC7.08yrsno data1.57%
$ 6.2m
Allen Lassiter
Independent Manager of Dorchester Minerals Management GP LLC2.75yrsUS$35.00k0.044%
$ 173.7k

9.8yrs

Average Tenure

74.5yo

Average Age

Experienced Board: DMLP's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DMLP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dorchester Minerals, L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dorchester Minerals, L.P.
  • Ticker: DMLP
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$394.656m
  • Shares outstanding: 34.68m
  • Website: https://www.dmlp.net

Number of Employees


Location

  • Dorchester Minerals, L.P.
  • 3838 Oak Lawn Avenue
  • Suite 300
  • Dallas
  • Texas
  • 75219
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DMLPNasdaqGS (Nasdaq Global Select)YesCommon UnitsUSUSDFeb 2003
9DMDB (Deutsche Boerse AG)YesCommon UnitsDEEURFeb 2003

Biography

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in the United State ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 00:35
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.