| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
BMI Stock Overview
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally.
Rewards
Risk Analysis
No risks detected for BMI from our risk checks.
Badger Meter Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$95.05 |
| 52 Week High | US$112.36 |
| 52 Week Low | US$89.29 |
| Beta | 0.73 |
| 1 Month Change | -8.51% |
| 3 Month Change | -7.03% |
| 1 Year Change | -3.42% |
| 3 Year Change | 81.26% |
| 5 Year Change | 152.46% |
| Change since IPO | 7,851.90% |
Recent News & Updates
Badger Meter's (NYSE:BMI) Returns Have Hit A Wall
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Here's Why I Think Badger Meter (NYSE:BMI) Might Deserve Your Attention Today
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Badger Meter's (NYSE:BMI) Dividend Will Be Increased To US$0.20
Badger Meter, Inc.'s ( NYSE:BMI ) dividend will be increasing to US$0.20 on 10th of December. This takes the annual...
Return Trends At Badger Meter (NYSE:BMI) Aren't Appealing
There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Badger Meter's (NYSE:BMI) Dividend Will Be Increased To US$0.20
Badger Meter, Inc. ( NYSE:BMI ) has announced that it will be increasing its dividend on the 10th of September to...
Shareholder Returns
| BMI | US Electronic | US Market | |
|---|---|---|---|
| 7D | -2.8% | -0.8% | -0.5% |
| 1Y | -3.4% | 9.7% | 13.7% |
Return vs Industry: BMI underperformed the US Electronic industry which returned 9.7% over the past year.
Return vs Market: BMI underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| BMI volatility | |
|---|---|
| BMI Average Weekly Movement | 3.6% |
| Electronic Industry Average Movement | 7.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: BMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: BMI's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1905 | 1,602 | Ken Bockhorst | https://www.badgermeter.com |
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions in the United States, Asia, Canada, Europe, Mexico, the Middle East, and internationally. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers’ representatives.
Badger Meter Fundamentals Summary
| BMI fundamental statistics | |
|---|---|
| Market Cap | US$2.78b |
| Earnings (TTM) | US$56.70m |
| Revenue (TTM) | US$481.78m |
49.0x
P/E Ratio5.8x
P/S RatioIs BMI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BMI income statement (TTM) | |
|---|---|
| Revenue | US$481.78m |
| Cost of Revenue | US$287.08m |
| Gross Profit | US$194.70m |
| Expenses | US$138.00m |
| Earnings | US$56.70m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 28, 2022
| Earnings per share (EPS) | 1.94 |
| Gross Margin | 40.41% |
| Net Profit Margin | 11.77% |
| Debt/Equity Ratio | 0% |
How did BMI perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield38%
Payout RatioValuation
Is Badger Meter undervalued compared to its fair value and its price relative to the market?
49.03x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BMI ($95.05) is trading above our estimate of fair value ($59.44)
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 (49x) compared to the US Electronic industry average (18.4x).
PE vs Market: BMI is poor value based on its PE Ratio (49x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: BMI is poor value based on its PEG Ratio (5.1x)
Price to Book Ratio
PB vs Industry: BMI is overvalued based on its PB Ratio (7.1x) compared to the US Electronic industry average (2.5x).
Future Growth
How is Badger Meter forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
9.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMI's forecast earnings growth (9.6% per year) is above the savings rate (2%).
Earnings vs Market: BMI's earnings (9.6% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: BMI's earnings are forecast to grow, but not significantly.
Revenue vs Market: BMI's revenue (5.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: BMI's revenue (5.8% 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 (14.8%).
Past Performance
How has Badger Meter performed over the past 5 years?
13.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMI has high quality earnings.
Growing Profit Margin: BMI's current net profit margins (11.8%) are higher than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: BMI's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: BMI's earnings growth over the past year (16.9%) exceeds its 5-year average (13.5% per year).
Earnings vs Industry: BMI earnings growth over the past year (16.9%) underperformed the Electronic industry 42.1%.
Return on Equity
High ROE: BMI's Return on Equity (14.5%) is considered low.
Financial Health
How is Badger Meter's financial position?
Financial Position Analysis
Short Term Liabilities: BMI's short term assets ($245.7M) exceed its short term liabilities ($79.8M).
Long Term Liabilities: BMI's short term assets ($245.7M) exceed its long term liabilities ($47.4M).
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 19.6%.
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
Dividend
What is Badger Meter current dividend yield, its reliability and sustainability?
0.84%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BMI's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: BMI's dividend (0.84%) is low compared to the top 25% of dividend payers in the US market (3.44%).
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 (38%), 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 (33.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Ken Bockhorst (48 yo)
3.75yrs
Tenure
US$2,060,334
Compensation
Mr. Kenneth C. Bockhorst, also known as Ken, has been the Chief Executive Officer of Badger Meter, Inc. since January 1, 2019 and has been its President since April 27, 2018. He serves as Director at Mirio...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD2.06M) is below average for companies of similar size in the US market ($USD5.13M).
Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: BMI's management team is considered experienced (3.3 years average tenure).
Board Members
Experienced Board: BMI's board of directors are considered experienced (4.9 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Badger Meter, Inc.'s 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
- Implied Market Cap: US$2.780b
- Shares outstanding: 29.25m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:04 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| 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.