Badger Meter
Market Cap
US$3.0b
Last Updated
2021/03/04 23:10 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.
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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: BMI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-8.1%
BMI
-7.8%
US Electronic
-2.4%
US Market
1 Year Return
58.8%
BMI
40.3%
US Electronic
31.2%
US Market
Return vs Industry: BMI exceeded the US Electronic industry which returned 40.3% over the past year.
Return vs Market: BMI exceeded the US Market which returned 31.2% over the past year.
Shareholder returns
| BMI | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.1% | -7.8% | -2.4% |
| 30 Day | 0.8% | -5.3% | -3.0% |
| 90 Day | 17.3% | 1.8% | 3.2% |
| 1 Year | 60.2%58.8% | 43.7%40.3% | 34.1%31.2% |
| 3 Year | 108.8%102.2% | 39.0%33.2% | 48.1%38.6% |
| 5 Year | 209.9%193.1% | 136.5%121.0% | 116.5%92.3% |
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
2 weeks ago | Simply Wall St
Our Take On The Returns On Capital At Badger Meter (NYSE:BMI)1 month ago | Simply Wall St
Is Badger Meter, Inc.'s (NYSE:BMI) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?1 month ago | Simply Wall St
Badger Meter (NYSE:BMI) Has Rewarded Shareholders With An Exceptional 320% Total Return On Their InvestmentValuation
Is Badger Meter undervalued compared to its fair value and its price relative to the market?
57.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BMI ($97.87) is trading above our estimate of fair value ($45.9)
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 (57.6x) compared to the US Electronic industry average (28.4x).
PE vs Market: BMI is poor value based on its PE Ratio (57.6x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: BMI is poor value based on its PEG Ratio (6.5x)
Price to Book Ratio
PB vs Industry: BMI is overvalued based on its PB Ratio (7.9x) compared to the US Electronic industry average (2.6x).
Next Steps
Future Growth
How is Badger Meter forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
8.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMI's forecast earnings growth (8.9% per year) is above the savings rate (2%).
Earnings vs Market: BMI's earnings (8.9% per year) are forecast to grow slower than the US market (19.5% per year).
High Growth Earnings: BMI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BMI's revenue (7.3% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: BMI's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BMI's Return on Equity is forecast to be low in 3 years time (14%).
Next Steps
Past Performance
How has Badger Meter performed over the past 5 years?
11.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMI has high quality earnings.
Growing Profit Margin: BMI's current net profit margins (11.6%) are higher than last year (11.1%).
Past Earnings Growth Analysis
Earnings Trend: BMI's earnings have grown by 11.2% per year over the past 5 years.
Accelerating Growth: BMI's earnings growth over the past year (4.6%) is below its 5-year average (11.2% per year).
Earnings vs Industry: BMI earnings growth over the past year (4.6%) exceeded the Electronic industry -9.3%.
Return on Equity
High ROE: BMI's Return on Equity (13.7%) 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 ($220.9M) exceed its short term liabilities ($65.2M).
Long Term Liabilities: BMI's short term assets ($220.9M) exceed its long term liabilities ($41.9M).
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 30.6%.
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?
0.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BMI's dividend (0.74%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BMI's dividend (0.74%) is low compared to the top 25% of dividend payers in the US market (3.72%).
Stability and Growth of Payments
Stable Dividend: BMI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: BMI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BMI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BMI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.2yrs
Average management tenure
CEO
Ken Bockhorst (47 yo)
2.17yrs
Tenure
US$1,665,197
Compensation
Mr. Kenneth C. Bockhorst, also known as Ken, has been the Chief Executive Officer of Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018. Mr. Bockhorst has been the Cha...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD1.67M) is below average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.17yrs | US$1.67m | 0.094% $ 2.8m | |
| Senior VP & CFO | 2.17yrs | US$601.76k | 0.028% $ 835.5k | |
| Vice President of Sales & Marketing | 9.08yrs | US$473.60k | 0.036% $ 1.1m | |
| Vice President of Global Operations | 1.75yrs | no data | 0.0089% $ 265.2k | |
| VP of Investor Relations | 2.67yrs | no data | 0.011% $ 322.0k | |
| VP, General Counsel & Secretary | 17.5yrs | no data | 0.076% $ 2.3m | |
| Vice President of Human Resources | 0.50yr | no data | 0.000030% $ 892.9 | |
| VP & Controller | 2yrs | no data | 0.0049% $ 144.9k |
2.2yrs
Average Tenure
52yo
Average Age
Experienced Management: BMI's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.17yrs | US$1.67m | 0.094% $ 2.8m | |
| Independent Director | 9.08yrs | US$118.20k | 0.059% $ 1.8m | |
| Independent Director | 4.08yrs | US$118.20k | 0.016% $ 477.7k | |
| Independent Director | 11.08yrs | US$123.20k | 0.065% $ 1.9m | |
| Independent Director | 1.08yrs | no data | 0.0035% $ 104.2k | |
| Independent Director | 4.08yrs | US$118.20k | 0.0090% $ 268.2k | |
| Independent Director | 4.33yrs | US$121.80k | 0.016% $ 477.7k | |
| Independent Director | 2.08yrs | US$149.15k | 0.0070% $ 208.3k |
4.1yrs
Average Tenure
58yo
Average Age
Experienced Board: BMI's board of directors are considered experienced (4.1 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$2.976b
- Shares outstanding: 29.15m
- 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 | 2021/03/04 23:10 |
| End of Day Share Price | 2021/03/04 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.