A Look At Badger Meter, Inc.’s (NYSE:BMI) Exceptional Fundamentals

Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card!

I’ve been keeping an eye on Badger Meter, Inc. (NYSE:BMI) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe BMI has a lot to offer. Basically, it is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Badger Meter here.

Flawless balance sheet average dividend payer

BMI is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. BMI seems to have put its debt to good use, generating operating cash levels of 6.5x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.

NYSE:BMI Historical Debt, May 1st 2019
NYSE:BMI Historical Debt, May 1st 2019

Income investors would also be happy to know that BMI is a great dividend company, with a current yield standing at 1.1%. BMI has also been regularly increasing its dividend payments to shareholders over the past decade.

NYSE:BMI Historical Dividend Yield, May 1st 2019
NYSE:BMI Historical Dividend Yield, May 1st 2019

Next Steps:

For Badger Meter, there are three pertinent aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for BMI’s future growth? Take a look at our free research report of analyst consensus for BMI’s outlook.
  2. Historical Performance: What has BMI’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of BMI? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.