NYSE:MNRL

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MNRL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MNRL's weekly volatility has decreased from 12% to 6% over the past year.


Market Performance


7 Day Return

1.1%

MNRL

5.9%

US Oil and Gas

-1.4%

US Market


1 Year Return

8.2%

MNRL

28.5%

US Oil and Gas

37.1%

US Market

Return vs Industry: MNRL exceeded the US Oil and Gas industry which returned -0.9% over the past year.

Return vs Market: MNRL underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

MNRLIndustryMarket
7 Day1.1%5.9%-1.4%
30 Day15.9%24.7%1.6%
90 Day35.7%46.1%7.3%
1 Year19.5%8.2%37.4%28.5%40.2%37.1%
3 Yearn/a11.1%-4.6%62.5%52.1%
5 Yearn/a29.4%4.8%133.9%108.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MNRL ($16.11) is trading above our estimate of fair value ($15.09)

Significantly Below Fair Value: MNRL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MNRL is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: MNRL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MNRL is good value based on its PB Ratio (1.2x) compared to the US Oil and Gas industry average (1.4x).


Next Steps

Future Growth

How is Brigham Minerals forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

105.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNRL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: MNRL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MNRL's is expected to become profitable in the next 3 years.

Revenue vs Market: MNRL's revenue (14% per year) is forecast to grow faster than the US market (10.5% per year).

High Growth Revenue: MNRL's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MNRL's Return on Equity is forecast to be low in 3 years time (2.1%).


Next Steps

Past Performance

How has Brigham Minerals performed over the past 5 years?

-289.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MNRL is currently unprofitable.

Growing Profit Margin: MNRL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MNRL's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare MNRL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MNRL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-35.8%).


Return on Equity

High ROE: MNRL has a negative Return on Equity (0.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Brigham Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: MNRL's short term assets ($30.7M) exceed its short term liabilities ($7.4M).

Long Term Liabilities: MNRL's short term assets ($30.7M) do not cover its long term liabilities ($134.0M).


Debt to Equity History and Analysis

Debt Level: MNRL's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MNRL's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MNRL's debt is well covered by operating cash flow (1524.6%).

Interest Coverage: MNRL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

9.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNRL's dividend (9.44%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: MNRL's dividend (9.44%) is in the top 25% of dividend payers in the US market (3.75%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MNRL has been paying a dividend for less than 10 years.

Growing Dividend: MNRL's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: MNRL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MNRL's dividends in 3 years are not forecast to be well covered by earnings (175.4% payout ratio).


Next Steps

Management

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

3.6yrs

Average management tenure


CEO

Rob Roosa (50 yo)

3.58yrs

Tenure

US$6,195,026

Compensation

Mr. Robert M. Roosa, also known as Rob, has been Chief Executive Officer of Brigham Minerals, Inc. since July 2017 and serves as its Director since May 2018. He served as president of Brigham Minerals, Inc...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD6.20M) is above average for companies of similar size in the US market ($USD2.21M).

Compensation vs Earnings: Rob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Roosa
CEO & Director3.58yrsUS$6.20m0.30%
$ 2.6m
Blake Williams
Chief Financial Officer3.58yrsUS$2.91m0.15%
$ 1.3m
Kari Potts
VP, General Counsel & Corporate Secretary1.08yrsno data0.020%
$ 177.4k
Kevin L'abbé
Vice President of Exploration for the Mid-Continent & Rocky Mountain Regionsno datano datano data
A. McDavid
Vice President of Exploration for the Permian & Williston Basinsno datano datano data

3.6yrs

Average Tenure

39yo

Average Age

Experienced Management: MNRL's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Roosa
CEO & Director3.58yrsUS$6.20m0.30%
$ 2.6m
William Keenan
Independent Director7.83yrsUS$224.57k0.019%
$ 168.3k
Ben Brigham
Founder & Executive Chairman8.25yrsUS$7.80m0.35%
$ 3.1m
A. Langford
Independent Director0.50yrno datano data
Richard Stoneburner
Independent Director2.75yrsUS$224.57k0.019%
$ 168.3k
Harold Carter
Independent Director8.08yrsUS$243.32k0.12%
$ 1.0m
James Levy
Independent Director8.08yrsUS$224.57k0.019%
$ 168.3k
John Sult
Independent Director2.75yrsUS$239.57k0.077%
$ 676.9k
Carrie Clark
Independent Director1yrno datano data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: MNRL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

Brigham Minerals, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brigham Minerals, Inc.
  • Ticker: MNRL
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$881.143m
  • Market Cap: US$697.819m
  • Shares outstanding: 56.48m
  • Website: https://www.brighamminerals.net

Number of Employees


Location

  • Brigham Minerals, Inc.
  • 5914 West Courtyard Drive
  • Suite 150
  • Austin
  • Texas
  • 78730
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MNRLNYSE (New York Stock Exchange)YesClass A Common StockUSUSDApr 2019
2TQDB (Deutsche Boerse AG)YesClass A Common StockDEEURApr 2019

Biography

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Permian Basin in Wes...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 01:32
End of Day Share Price2021/02/24 00:00
Earnings2020/09/30
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.