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MNRL

Brigham MineralsNYSE:MNRL Stock Report

Last Price

US$22.24

Market Cap

US$1.3b

7D

2.2%

1Y

68.0%

Updated

21 Jan, 2022

Data

Company Financials +
MNRL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends2/6

MNRL Stock Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Brigham Minerals
Historical stock prices
Current Share PriceUS$22.24
52 Week HighUS$25.49
52 Week LowUS$12.80
Beta2.29
1 Month Change7.91%
3 Month Change-2.07%
1 Year Change67.98%
3 Year Changen/a
5 Year Changen/a
Change since IPO11.65%

Recent News & Updates

Dec 18
Brigham Minerals (NYSE:MNRL) Has Some Way To Go To Become A Multi-Bagger

Brigham Minerals (NYSE:MNRL) Has Some Way To Go To Become A Multi-Bagger

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

MNRLUS Oil and GasUS Market
7D2.2%0.7%-4.6%
1Y68.0%45.7%7.7%

Return vs Industry: MNRL exceeded the US Oil and Gas industry which returned 45.7% over the past year.

Return vs Market: MNRL exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is MNRL's price volatile compared to industry and market?
MNRL volatility
MNRL Average Weekly Movement5.5%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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 (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201243Rob Roosahttps://www.brighamminerals.net

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 West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota. As of December 31, 2020, it had mineral and royalty interests in approximately 61,000 net mineral acres; and owned mineral and royalty interests in 5,985 gross productive horizontal wells, which consisted of 5,398 oil wells and 587 natural gas wells.

Brigham Minerals Fundamentals Summary

How do Brigham Minerals's earnings and revenue compare to its market cap?
MNRL fundamental statistics
Market CapUS$1.32b
Earnings (TTM)US$394.00k
Revenue (TTM)US$137.31m

3,329x

P/E Ratio

9.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MNRL income statement (TTM)
RevenueUS$137.31m
Cost of RevenueUS$14.78m
Gross ProfitUS$122.53m
ExpensesUS$122.14m
EarningsUS$394.00k

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0067
Gross Margin89.24%
Net Profit Margin0.29%
Debt/Equity Ratio8.1%

How did MNRL perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

14,849%

Payout Ratio

Valuation

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

36.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MNRL ($22.24) is trading below our estimate of fair value ($34.88)

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


Price To Earnings Ratio

PE vs Industry: MNRL is poor value based on its PE Ratio (3329.3x) compared to the US Oil and Gas industry average (18.6x).

PE vs Market: MNRL is poor value based on its PE Ratio (3329.3x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: MNRL is poor value based on its PEG Ratio (132.9x)


Price to Book Ratio

PB vs Industry: MNRL is overvalued based on its PB Ratio (2.7x) compared to the US Oil and Gas industry average (2.2x).


Future Growth

How is Brigham Minerals forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MNRL's forecast earnings growth (25% per year) is above the savings rate (2%).

Earnings vs Market: MNRL's earnings (25% per year) are forecast to grow faster than the US market (13.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MNRL's revenue (13.4% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: MNRL's revenue (13.4% 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 (13.5%).


Past Performance

How has Brigham Minerals performed over the past 5 years?

-72.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNRL has a large one-off loss of $60.7M impacting its September 30 2021 financial results.

Growing Profit Margin: MNRL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MNRL has become profitable over the past 5 years, growing earnings by -72.2% per year.

Accelerating Growth: MNRL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MNRL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).


Return on Equity

High ROE: MNRL's Return on Equity (-0.1%) is considered low.


Financial Health

How is Brigham Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: MNRL's short term assets ($48.2M) exceed its short term liabilities ($9.0M).

Long Term Liabilities: MNRL's short term assets ($48.2M) do not cover its long term liabilities ($54.7M).


Debt to Equity History and Analysis

Debt Level: MNRL's net debt to equity ratio (5.9%) 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 (177.2%).

Interest Coverage: MNRL's interest payments on its debt are well covered by EBIT (73x coverage).


Balance Sheet


Dividend

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

4.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MNRL's dividend (4.54%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: MNRL's dividend (4.54%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: MNRL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MNRL has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (14848.7%), MNRL's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MNRL's dividends in 3 years are not forecast to be well covered by earnings (142.1% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Rob Roosa (51 yo)

4.5yrs

Tenure

US$3,662,203

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 ($USD3.66M) is about average for companies of similar size in the US market ($USD3.72M).

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


Leadership Team

Experienced Management: MNRL's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: MNRL's board of directors are considered experienced (3.7 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 4.4%.


Top Shareholders

Company Information

Brigham Minerals, Inc.'s 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$1.318b
  • Market Cap: US$1.059b
  • Shares outstanding: 58.97m
  • Website: https://www.brighamminerals.net

Number of Employees


Location

  • Brigham Minerals, Inc.
  • 5914 West Courtyard Drive
  • Suite 200
  • Austin
  • Texas
  • 78730
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:15
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.