Badger Meter
Market Cap
US$2.4b
Last Updated
2020/11/25 23:39 UTC
Data Sources
Company Financials +
Executive Summary
Badger Meter, Inc. manufactures and markets flow measurement, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Badger Meter's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BMI's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
3.9%
BMI
3.8%
US Electronic
2.8%
US Market
1 Year Return
31.2%
BMI
18.2%
US Electronic
19.7%
US Market
Return vs Industry: BMI exceeded the US Electronic industry which returned 20.8% over the past year.
Return vs Market: BMI exceeded the US Market which returned 20.4% over the past year.
Shareholder returns
| BMI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 3.8% | 2.8% |
| 30 Day | 7.1% | 13.3% | 8.0% |
| 90 Day | 31.2% | 20.8% | 6.8% |
| 1 Year | 32.6%31.2% | 19.4%18.2% | 22.4%19.7% |
| 3 Year | 84.6%78.6% | 31.7%27.9% | 47.3%37.5% |
| 5 Year | 188.3%172.3% | 108.3%98.3% | 93.6%72.3% |
Long-Term Price Volatility Vs. Market
How volatile is Badger Meter's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Will Badger Meter (NYSE:BMI) Multiply In Value Going Forward?2 weeks ago | Simply Wall St
How Many Badger Meter, Inc. (NYSE:BMI) Shares Do Institutions Own?4 weeks ago | Simply Wall St
Badger Meter, Inc.'s (NYSE:BMI) Stock Is Going Strong: Is the Market Following Fundamentals?Valuation
Is Badger Meter undervalued compared to its fair value and its price relative to the market?
48.86x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BMI ($81.62) is trading above our estimate of fair value ($42.29)
Significantly Below Fair Value: BMI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BMI is poor value based on its PE Ratio (48.9x) compared to the US Electronic industry average (25.9x).
PE vs Market: BMI is poor value based on its PE Ratio (48.9x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: BMI is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: BMI is overvalued based on its PB Ratio (6.8x) compared to the US Electronic industry average (2.3x).
Next Steps
Future Growth
How is Badger Meter forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMI's forecast earnings growth (10.4% per year) is above the savings rate (2.2%).
Earnings vs Market: BMI's earnings (10.4% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: BMI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BMI's revenue (6.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: BMI's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BMI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Badger Meter performed over the past 5 years?
10.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMI has high quality earnings.
Growing Profit Margin: BMI's current net profit margins (11.5%) are higher than last year (10.9%).
Past Earnings Growth Analysis
Earnings Trend: BMI's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: BMI's earnings growth over the past year (5.1%) is below its 5-year average (10.7% per year).
Earnings vs Industry: BMI earnings growth over the past year (5.1%) exceeded the Electronic industry -16.2%.
Return on Equity
High ROE: BMI's Return on Equity (13.8%) is considered low.
Next Steps
Financial Health
How is Badger Meter's financial position?
Financial Position Analysis
Short Term Liabilities: BMI's short term assets ($232.8M) exceed its short term liabilities ($60.2M).
Long Term Liabilities: BMI's short term assets ($232.8M) exceed its long term liabilities ($36.9M).
Debt to Equity History and Analysis
Debt Level: BMI is debt free.
Reducing Debt: BMI has no debt compared to 5 years ago when its debt to equity ratio was 29.4%.
Debt Coverage: BMI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BMI has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Badger Meter current dividend yield, its reliability and sustainability?
0.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BMI's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: BMI's dividend (0.88%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: BMI's dividends per share have been stable in the past 10 years.
Growing Dividend: BMI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.3%), BMI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BMI's dividends in 3 years are forecast to be well covered by earnings (32.5% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Ken Bockhorst (47 yo)
1.83yrs
Tenure
US$1,665,197
Compensation
Mr. Kenneth C. Bockhorst, also known as Ken, is CEO at Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018 and serves as its Director. He serves as Chairman of the Boar...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD1.67M) is below average for companies of similar size in the US market ($USD4.16M).
Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.83yrs | US$1.67m | 0.094% $ 2.2m | |
| Senior VP & CFO | 1.83yrs | US$601.76k | 0.028% $ 667.0k | |
| Vice President of Sales & Marketing | 8.75yrs | US$473.60k | 0.042% $ 996.7k | |
| Vice President of Global Operations | 1.42yrs | no data | 0.0086% $ 205.1k | |
| Vice President of Accounting & External Reporting | no data | US$751.93k | 0.21% $ 5.1m | |
| VP of Investor Relations | 2.33yrs | no data | 0.011% $ 254.1k | |
| VP, General Counsel & Secretary | 17.17yrs | no data | 0.080% $ 1.9m | |
| Vice President of Human Resources | 0.17yr | no data | no data | |
| VP & Controller | 1.67yrs | no data | 0.0047% $ 111.9k |
1.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: BMI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 1.83yrs | US$1.67m | 0.094% $ 2.2m | |
| Independent Director | 8.75yrs | US$118.20k | 0.057% $ 1.4m | |
| Independent Director | 3.75yrs | US$118.20k | 0.016% $ 384.2k | |
| Independent Director | 10.75yrs | US$123.20k | 0.065% $ 1.6m | |
| Independent Director | 0.75yr | no data | 0.0035% $ 83.9k | |
| Independent Director | 3.75yrs | US$118.20k | 0.0090% $ 215.6k | |
| Independent Director | 4yrs | US$121.80k | 0.016% $ 384.2k | |
| Independent Director | 1.75yrs | US$149.15k | 0.0070% $ 167.6k |
3.8yrs
Average Tenure
58yo
Average Age
Experienced Board: BMI's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BMI insiders have only sold shares 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
Badger Meter, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Badger Meter, Inc.
- Ticker: BMI
- Exchange: NYSE
- Founded: 1905
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$2.391b
- Shares outstanding: 29.12m
- Website: https://www.badgermeter.com
Number of Employees
Location
- Badger Meter, Inc.
- 4545 West Brown Deer Road
- PO Box 245036
- Milwaukee
- Wisconsin
- 53224
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BMI | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Oct 1971 |
| 33B | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 1971 |
Biography
Badger Meter, Inc. manufactures and markets flow measurement, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 23:39 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.