NYSE:BMI

Stock Analysis Report

Executive Summary

Badger Meter, Inc. provides flow measurement, control, and communication solutions worldwide.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


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


Market Performance


7 Day Return

-1.9%

NYSE:BMI

3.3%

US Electronic

1.1%

US Market


1 Year Return

-1.5%

NYSE:BMI

-0.06%

US Electronic

2.1%

US Market

BMI underperformed the Electronic industry which returned -0.1% over the past year.

BMI underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

BMIIndustryMarket
7 Day-1.9%3.3%1.1%
30 Day0.5%9.1%3.7%
90 Day-7.3%4.3%2.3%
1 Year-0.3%-1.5%1.0%-0.06%4.4%2.1%
3 Year65.2%59.5%55.6%51.2%47.0%37.4%
5 Year122.5%109.5%70.8%62.3%61.6%43.8%

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 based on future cash flows and its price relative to the stock market?

42.62x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Badger Meter's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Badger Meter's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Badger Meter is overvalued based on earnings compared to the US Electronic industry average.

Badger Meter is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Badger Meter is poor value based on expected growth next year.


Price Based on Value of Assets

Badger Meter is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is Badger Meter expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Badger Meter's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

Badger Meter's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).

Badger Meter's revenue growth is positive but not above the United States of America market average.

Badger Meter's earnings growth is positive but not above the United States of America market average.

Badger Meter's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Badger Meter is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Badger Meter performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Badger Meter's year on year earnings growth rate has been positive over the past 5 years.

Badger Meter's 1-year earnings growth exceeds its 5-year average (25.5% vs 2.1%)

Badger Meter's earnings growth has not exceeded the US Electronic industry average in the past year (25.5% vs 49.8%).


Return on Equity

Badger Meter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Badger Meter used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Badger Meter's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Badger Meter's financial position?


Financial Position Analysis

Badger Meter is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Badger Meter's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Badger Meter's level of debt (1.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (33.2% vs 1.4% today).

Debt is well covered by operating cash flow (1667.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 71.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 38.5x debt.


Next Steps

Dividend

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

1.22%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Badger Meter's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Badger Meter's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


Next Steps

Management

What is the CEO of Badger Meter's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average management tenure


CEO

Ken Bockhorst (46yo)

0.7yrs

Tenure

US$1,271,651

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 served as Senior Vice Presiden ...


CEO Compensation Analysis

Ken's remuneration is lower than average for companies of similar size in United States of America.

Ken's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.9yrs

Average Tenure

53yo

Average Age

The average tenure for the Badger Meter management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.7yrs

Average Tenure

57yo

Average Age

The average tenure for the Badger Meter board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$487,27414 Jun 19
Richard Meeusen
EntityIndividual
Role
Chairman of the Board
Chairman
Shares8,571.22
Max PriceUS$56.85
SellUS$605,57430 Apr 19
Horst Gras
EntityIndividual
Shares11,112
Max PriceUS$55.00
SellUS$49,21906 Mar 19
Raymond Serdynski
EntityIndividual
Shares842
Max PriceUS$58.45
SellUS$68,85906 Mar 19
Gregory Gomez
EntityIndividual
Shares1,178
Max PriceUS$58.45
SellUS$49,21906 Mar 19
William R. Bergum
EntityIndividual
Role
Chief Legal Officer
VP, General Counsel & Secretary
Shares842
Max PriceUS$58.45
SellUS$49,21906 Mar 19
Fred Begale
EntityIndividual
Shares842
Max PriceUS$58.45
SellUS$590,19015 Feb 19
Richard Meeusen
EntityIndividual
Role
Chairman of the Board
Chairman
Shares10,000
Max PriceUS$59.16
SellUS$346,27611 Feb 19
Richard Johnson
EntityIndividual
Shares5,854
Max PriceUS$59.15
SellUS$218,12614 Dec 18
Beverly L. Smiley
EntityIndividual
Role
Chief Accounting Officer
Vice President of Accounting & External Reporting
Shares4,000
Max PriceUS$54.53
SellUS$958,15105 Nov 18
Richard Johnson
EntityIndividual
Shares19,000
Max PriceUS$50.43
SellUS$1,121,61202 Nov 18
Richard Meeusen
EntityIndividual
Role
Chairman of the Board
Chairman
Shares22,430
Max PriceUS$50.01

Ownership Breakdown


Management Team

  • Beverly L. Smiley (69yo)

    Vice President of Accounting & External Reporting

    • Tenure: 0yrs
    • Compensation: US$751.93k
  • Bill Bergum (54yo)

    VP, General Counsel & Secretary

    • Tenure: 16yrs
  • Karen Bauer

    VP of Investor Relations

    • Tenure: 1.2yrs
  • Kimberly Stoll (53yo)

    Vice President of Sales & Marketing

    • Tenure: 7.6yrs
    • Compensation: US$358.77k
  • Ken Bockhorst (46yo)

    President

    • Tenure: 0.7yrs
    • Compensation: US$1.27m
  • Trina Jashinsky (56yo)

    Vice President of Human Resources

    • Tenure: 2.9yrs
  • Bob Wrocklage (40yo)

    VP of Finance & CFO

    • Tenure: 0.7yrs
  • Daniel Weltzien (40yo)

    VP & Controller

    • Tenure: 0.5yrs
  • William Parisen

    Vice President of Global Operations

    • Tenure: 0.3yrs

Board Members

  • Rich Meeusen (64yo)

    Chairman

    • Tenure: 15.4yrs
    • Compensation: US$5.30m
  • Todd Teske (54yo)

    Lead Outside Director

    • Tenure: 2.4yrs
    • Compensation: US$129.76k
  • Gail Lione (70yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: US$120.76k
  • Glen Tellock (58yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$118.36k
  • Gale Klappa (68yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: US$125.76k
  • Tom Fischer (72yo)

    Independent Director

    • Tenure: 16.7yrs
    • Compensation: US$129.76k
  • Todd Adams (48yo)

    Independent Director

    • Tenure: 2.6yrs
    • Compensation: US$117.16k
  • Jim Stern (56yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$120.86k
  • Ken Bockhorst (46yo)

    President

    • Tenure: 0.7yrs
    • Compensation: US$1.27m
  • Tessa Myers (43yo)

    Director

    • Tenure: 0.6yrs

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$1.551b
  • Shares outstanding: 29.11m
  • 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. provides flow measurement, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to munici ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 23:33
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.