Badger Meter Inc

Industrials
Industrial Machinery/Components
www.badgermeter.com

Earnings Score
Moat Score

Market Cap $6.68B
PE 56
Debt $NaN
Cash $258.96M
EV $NaN
FCF $130.71M

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$118.95M
EBIT	$157.81M
ROE	20%
ROA	20%
FCF	$130.71M
Equity	$591.19M
Growth Stability	90%
PE	56.2
PEG	2.61
PB	11.31
P/FCF	51.14
P/S	8.32
Price/Cash	0.04
Net Margins	15%
Gross Margins	40%
Op. Margins	20%
Earnings CAGR	17%
Sales Growth YoY	12%
Sales Growth QoQ	-4%
Sales CAGR	8%
FCF CAGR	17%
Equity CAGR	10%
Earnings Stability	0.89
Earnings Growth YoY	23%
Earnings Growth QoQ	-3%

Earnings CAGR 5Y	22%
Sales CAGR 5Y	16%
FCF CAGR 5Y	7%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	20%
Sales CAGR 3Y	20%
FCF CAGR 3Y	26%
Equity CAGR 3Y	15%
Market Cap	$6.68B
Revenue	$803.82M
Dividend Yield	1%
Payout Ratio	28%
Assets	$802.86M
Cash	$258.96M
Shares Outstanding	29.35M
Earnings Score	94%
Moat Score	95%
Working Capital	400.13M
Current Ratio	4.1
Gross Profit	$317.89M
Shares Growth 3y	0%
Equity Growth QoQ	5%
Equity Growth YoY	20%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Badger Meter Inc is a manufacturer and marketer of products incorporating flow measurement, control and communication solutions. The company's products measure water, oil, chemicals and other fluids, provide and communicate timely measurement data. Badger's product lines include two categories: sales of water meters and related technologies to municipal water utilities (municipal water), and sales of meters to various industries for water and other fluids (flow instrumentation). It derives most of its revenues from the United States.

SEC Filings

Direct access to Badger Meter Inc (BMI) 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 Badger Meter Inc compare to its competitors?

Loading chart...

Peter Lynch's Chart

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

CAGR 17%

Stability 89%

loading chart...

Badger Meter Inc Discounted Cash Flow

Fully customizable DCF calculator online for Badger Meter Inc.

Years

Calculation mode

= $4.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$131M	$153M	$180M	$211M	$248M	$291M	$341M	$401M	$470M	$552M	$647M	$6.5B
DCF		$139M	$149M	$159M	$169M	$181M	$193M	$206M	$219M	$234M	$250M	$2.5B
Value	$4.4B

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	8%	7%	8%	9%	6%	11%	12%	12%	12%	13%	15%
ROA	-	12%	15%	14%	14%	15%	14%	15%	15%	17%	20%
ROE	-	11%	13%	12%	9%	14%	14%	15%	15%	18%	20%

Good Net Margins (15.16%)

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	-	4.44	0.83	1.28	0.35	0.06	0	0	0	0	-
Debt over Equity	0.35	0.31	0.15	0.16	0.06	0.01	0	0	0	0	-
Growth Stability	-	-	-	100%	90%	100%	100%	100%	100%	100%	90%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Neutral Graham’s Stability (90%)

The company has a stability in its earnings that is not too good nor too bad.

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	-	4%	4%	2%	8%	-2%	0%	19%	12%	24%	16%
Earnings YoY growth	-	-13%	25%	7%	-20%	70%	5%	23%	9%	39%	22%
Equity YoY growth	-	8%	10%	8%	9%	9%	9%	12%	10%	17%	13%
FCF YoY growth	-	-31%	184%	-24%	49%	42%	10%	0%	-5%	28%	7%