NYSE:BMI

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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


Snowflake Analysis

Flawless balance sheet with solid 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

BMI

0.8%

US Electronic

-1.5%

US Market


1 Year Return

18.7%

BMI

5.6%

US Electronic

12.9%

US Market

Return vs Industry: BMI exceeded the US Electronic industry which returned 5.6% over the past year.

Return vs Market: BMI exceeded the US Market which returned 12.9% over the past year.


Shareholder returns

BMIIndustryMarket
7 Day0.1%0.8%-1.5%
30 Day-1.1%0.2%-1.8%
90 Day4.8%5.6%6.6%
1 Year20.0%18.7%6.7%5.6%15.4%12.9%
3 Year37.5%33.0%19.1%15.7%39.6%30.2%
5 Year132.5%119.3%88.9%80.2%93.4%71.7%

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

Valuation

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

39.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BMI ($63.55) is trading above our estimate of fair value ($33.04)

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 (39.8x) compared to the US Electronic industry average (25.4x).

PE vs Market: BMI is poor value based on its PE Ratio (39.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BMI is poor value based on its PEG Ratio (6.2x)


Price to Book Ratio

PB vs Industry: BMI is overvalued based on its PB Ratio (5.4x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Badger Meter forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMI's forecast earnings growth (6.4% per year) is above the savings rate (2.2%).

Earnings vs Market: BMI's earnings (6.4% per year) are forecast to grow slower than the US market (23.1% per year).

High Growth Earnings: BMI's earnings are forecast to grow, but not significantly.

Revenue vs Market: BMI's revenue (3.9% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: BMI's revenue (3.9% 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?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMI has high quality earnings.

Growing Profit Margin: BMI's current net profit margins (11.2%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: BMI's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: BMI's earnings growth over the past year (27.5%) exceeds its 5-year average (9.7% per year).

Earnings vs Industry: BMI earnings growth over the past year (27.5%) exceeded the Electronic industry -18%.


Return on Equity

High ROE: BMI's Return on Equity (13.6%) 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 ($223.4M) exceed its short term liabilities ($62.7M).

Long Term Liabilities: BMI's short term assets ($223.4M) exceed its long term liabilities ($35.7M).


Debt to Equity History and Analysis

Debt Level: BMI's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: BMI's debt to equity ratio has reduced from 32.6% to 1.3% over the past 5 years.

Debt Coverage: BMI's debt is well covered by operating cash flow (2055.7%).

Interest Coverage: BMI's interest payments on its debt are well covered by EBIT (599.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Badger Meter current dividend yield, its reliability and sustainability?

1.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BMI's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: BMI's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (4.7%).


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 (42.6%), 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 (41% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Ken Bockhorst (47 yo)

1.67yrs

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 ($USD1.67M) is below average for companies of similar size in the US market ($USD4.57M).

Compensation vs Earnings: Ken's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Bockhorst
Chairman1.67yrsUS$1.67m0.094%
$ 1.7m
Robert Wrocklage
Senior VP & CFO1.67yrsUS$601.76k0.028%
$ 516.3k
Kimberly Stoll
Vice President of Sales & Marketing8.58yrsUS$473.60k0.042%
$ 771.4k
Trina Jashinsky
Vice President of Human Resources3.92yrsUS$402.50k0.0075%
$ 138.4k
William Parisen
Vice President of Global Operations1.25yrsno data0.0086%
$ 158.8k
Beverly L. Smiley
Vice President of Accounting & External Reportingno dataUS$751.93k0.21%
$ 4.0m
Karen Bauer
VP of Investor Relations2.17yrsno data0.011%
$ 196.7k
William R. Bergum
VP, General Counsel & Secretary17yrsno data0.080%
$ 1.5m
Daniel Weltzien
VP & Controller1.5yrsno data0.0047%
$ 86.6k

1.9yrs

Average Tenure

54yo

Average Age

Experienced Management: BMI's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kenneth Bockhorst
Chairman1.67yrsUS$1.67m0.094%
$ 1.7m
Gail Lione
Independent Director8.58yrsUS$118.20k0.057%
$ 1.1m
Glen Tellock
Independent Director3.58yrsUS$118.20k0.016%
$ 297.4k
Gale Klappa
Independent Director10.58yrsUS$123.20k0.065%
$ 1.2m
James McGill
Independent Director0.58yrno data0.0035%
$ 64.9k
Todd Adams
Independent Director3.58yrsUS$118.20k0.0090%
$ 166.9k
James Stern
Independent Director3.83yrsUS$121.80k0.016%
$ 297.4k
Tessa Myers
Independent Director1.58yrsUS$149.15k0.0070%
$ 129.7k

3.6yrs

Average Tenure

58yo

Average Age

Experienced Board: BMI's board of directors are considered experienced (3.6 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$1.850b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BMINYSE (New York Stock Exchange)YesCommon SharesUSUSDOct 1971
33BDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 06:15
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.