Dorchester Minerals, L.p.

Energy
Oil & Gas Production
www.dmlp.net

Earnings Score

Market Cap $1.34B
PE 12
Debt $NaN
Cash $56.47M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$114.99M
ROE	29%
Equity	$396.46M
Growth Stability	45%
PE	11.67
PEG	0.3
PB	3.39
P/S	7.79
Price/Cash	0.04
Net Margins	64%
Earnings CAGR	26%
Sales Growth YoY	26%
Sales Growth QoQ	43%
Sales CAGR	21%
Equity CAGR	12%
Earnings Stability	0.72
Earnings Growth YoY	24%
Earnings Growth QoQ	54%

Earnings CAGR 5Y	39%
Sales CAGR 5Y	32%
Equity CAGR 5Y	24%
Earnings CAGR 3Y	15%
Sales CAGR 3Y	15%
Equity CAGR 3Y	18%
Market Cap	$1.34B
Revenue	$172.23M
Assets	$403.35M
Cash	$56.47M
Shares Outstanding	39.95M
Earnings Score	92%
Working Capital	79.9M
Current Ratio	14.21
Shares Growth 3y	4%
Equity Growth QoQ	132%
Equity Growth YoY	116%

Assets & ROA

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Stockholders Equity & ROE

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Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonus and others. It has leasehold interests in approximately 587 counties and parishes in around 27 states.

SEC Filings

Direct access to Dorchester Minerals, L.p. (DMLP) 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 Dorchester Minerals, L.p. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dorchester Minerals, L.p. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 26%

Stability 72%

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Dorchester Minerals, L.p. Discounted Cash Flow

Fully customizable DCF calculator online for Dorchester Minerals, L.p..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

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	69%	42%	56%	67%	74%	67%	47%	75%	76%	70%	64%
ROA	-	18%	31%	-	-	-	-	-	-	-	-
ROE	-	18%	31%	42%	62%	47%	26%	49%	76%	61%	29%

Good Net Margins (64.2%)

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	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	45%	100%	100%	100%	45%

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.

Bad Graham’s Stability (45%)

The company has a bad stability in its earnings, which is a sign of a bad 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	-	-51%	18%	53%	28%	8%	-40%	99%	83%	-4%	32%
Earnings YoY growth	-	-71%	58%	83%	40%	-2%	-59%	221%	86%	-13%	39%
Equity YoY growth	-	-24%	-9%	36%	-5%	30%	-25%	68%	20%	8%	24%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-