Balchem Corp

Industrials
Major Chemicals
www.balchem.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $5.66B
PE 47
Debt $17.93M
Cash $73.69M
EV $5.60B
FCF $162.58M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$121.54M
EBIT	$173.80M
ROE	10%
ROA	11%
FCF	$162.58M
Equity	$1.18B
Growth Stability	100%
PE	46.55
PEG	5.32
PB	4.81
P/FCF	34.8
P/S	6
Price/Cash	0.01
Debt/Equity	0.02
Debt/FCF	0.11
Net Margins	13%
Gross Margins	34%
Op. Margins	18%
Earnings CAGR	8%
Sales Growth YoY	4%
Sales Growth QoQ	3%
Sales CAGR	8%
FCF CAGR	8%
Equity CAGR	11%
Earnings Stability	0.77
Earnings Growth YoY	16%
Earnings Growth QoQ	6%
Earnings CAGR 5Y	9%

Sales CAGR 5Y	10%
FCF CAGR 5Y	6%
Equity CAGR 5Y	9%
Earnings CAGR 3Y	4%
Sales CAGR 3Y	4%
FCF CAGR 3Y	23%
Equity CAGR 3Y	11%
Market Cap	$5.66B
Revenue	$942.38M
Dividend Yield	0%
Payout Ratio	21%
Assets	$1.60B
Total Debt	$17.93M
Cash	$73.69M
Shares Outstanding	32.28M
EV	5.6B
Earnings Score	89%
Moat Score	91%
Safety Score	98%
Final Score	93%
Working Capital	216.55M
Current Ratio	2.98
Gross Profit	$324.86M
Shares Growth 3y	0%
Equity Growth QoQ	6%
Equity Growth YoY	15%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Balchem Corp develops, manufactures, distributes, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets. The company offers a wide variety of product lines, with some highly customized and others commodity-oriented. The company operates through three segments - Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. Geographically, it generates majority of the revenue from the United States.

SEC Filings

Direct access to Balchem Corp (BCPC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Balchem Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Balchem Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 8%

Stability 77%

loading chart...

Balchem Corp Discounted Cash Flow

Fully customizable DCF calculator online for Balchem Corp.

Years

Calculation mode

= $2.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$163M	$176M	$190M	$205M	$221M	$239M	$258M	$279M	$301M	$325M	$351M	$3.5B
DCF		$160M	$157M	$154M	$151M	$148M	$146M	$143M	$141M	$138M	$136M	$1.4B
Value	$2.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	10%	11%	10%	15%	12%	12%	12%	12%	11%	12%	13%
ROA	-	11%	10%	10%	11%	9%	10%	11%	9%	10%	11%
ROE	-	13%	11%	15%	11%	11%	10%	11%	11%	10%	10%

Good Net Margins (13.3%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.76	3.09	2.65	1.58	0.11	0.09	0.11	0.3	0.11	0.11
Debt over Equity	0.85	0.64	0.5	0.35	0.23	0.01	0.01	0.02	0.03	0.02	0.02
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (0.11)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.02)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	2%	0%	8%	8%	0%	9%	14%	18%	-2%	10%
Earnings YoY growth	-	13%	-6%	61%	-13%	1%	6%	14%	10%	3%	9%
Equity YoY growth	-	18%	12%	18%	12%	8%	11%	6%	7%	12%	9%
FCF YoY growth	-	-13%	35%	-2%	20%	-3%	21%	5%	-28%	65%	6%