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BMI

Badger MeterNYSE:BMI Stock Report

Market Cap

US$3.0b

7D

-4.9%

1Y

26.1%

Updated

27 Nov, 2021

Data

Company Financials +
BMI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

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

Earnings are forecast to grow 8.01% per year

Earnings have grown 13.5% per year over the past 5 years

Risk Analysis

No risks detected for BMI from our risk checks.

Badger Meter Competitors

Teledyne Technologies

NYSE:TDY

US$19.9b

Itron

NasdaqGS:ITRI

US$2.9b

Danaher

NYSE:DHR

US$231.5b

Xylem

NYSE:XYL

US$22.1b

Price History & Performance

Summary of all time highs, changes and price drops for Badger Meter
Historical stock prices
Current Share PriceUS$103.14
52 Week HighUS$111.77
52 Week LowUS$80.86
Beta0.75
1 Month Change1.06%
3 Month Change-3.77%
1 Year Change26.09%
3 Year Change85.84%
5 Year Change187.30%
Change since IPO8,528.71%

Recent News & Updates

Nov 18
Badger Meter's (NYSE:BMI) Dividend Will Be Increased To US$0.20

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...

Sep 24
Return Trends At Badger Meter (NYSE:BMI) Aren't Appealing

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...

Aug 19
Badger Meter's (NYSE:BMI) Dividend Will Be Increased To US$0.20

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...

Aug 15
Do Badger Meter's (NYSE:BMI) Earnings Warrant Your Attention?

Do Badger Meter's (NYSE:BMI) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

BMIUS ElectronicUS Market
7D-4.9%-3.4%-2.7%
1Y26.1%22.2%21.3%

Return vs Industry: BMI exceeded the US Electronic industry which returned 22.2% over the past year.

Return vs Market: BMI exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is BMI's price volatile compared to industry and market?
BMI volatility
BMI Average Weekly Movement3.4%
Electronic Industry Average Movement6.9%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: BMI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BMI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19051,602Ken Bockhorsthttps://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

How do Badger Meter's earnings and revenue compare to its market cap?
BMI fundamental statistics
Market CapUS$3.02b
Earnings (TTM)US$56.70m
Revenue (TTM)US$481.78m

53.2x

P/E Ratio

6.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMI income statement (TTM)
RevenueUS$481.78m
Cost of RevenueUS$287.08m
Gross ProfitUS$194.70m
ExpensesUS$138.00m
EarningsUS$56.70m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.94
Gross Margin40.41%
Net Profit Margin11.77%
Debt/Equity Ratio0%

How did BMI perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Badger Meter undervalued compared to its fair value and its price relative to the market?

53.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BMI ($103.14) is trading above our estimate of fair value ($58.7)

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 (53.2x) compared to the US Electronic industry average (17.4x).

PE vs Market: BMI is poor value based on its PE Ratio (53.2x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: BMI is poor value based on its PEG Ratio (6.6x)


Price to Book Ratio

PB vs Industry: BMI is overvalued based on its PB Ratio (7.7x) 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?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMI's forecast earnings growth (8% per year) is above the savings rate (2%).

Earnings vs Market: BMI's earnings (8% per year) are forecast to grow slower than the US market (14.3% 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 (10.1% 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 52.7%.


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?

0.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BMI's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BMI's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.58%).


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?

2.8yrs

Average management tenure


CEO

Ken Bockhorst (48 yo)

2.83yrs

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 ($USD2.06M) is below average for companies of similar size in the US market ($USD5.20M).

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 (2.8 years average tenure).


Board Members

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: 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
  • Market Cap: US$3.017b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:04
End of Day Share Price2021/11/26 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.