Financials Badger Meter, Inc.

Equities

BMI

US0565251081

Industrial Machinery & Equipment

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
185.5 USD +0.95% Intraday chart for Badger Meter, Inc. +4.94% +20.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,890 2,739 3,117 3,191 4,530 5,453 - -
Enterprise Value (EV) 1 1,846 2,666 3,030 3,053 4,338 5,177 5,079 4,970
P/E ratio 40.3 x 55.7 x 51.2 x 48.2 x 49.2 x 47.3 x 42.6 x 39.3 x
Yield 0.99% 0.74% 0.71% 0.78% - 0.61% 0.61% 0.58%
Capitalization / Revenue 4.45 x 6.44 x 6.17 x 5.64 x 6.44 x 6.72 x 6.18 x 5.95 x
EV / Revenue 4.35 x 6.27 x 6 x 5.4 x 6.17 x 6.38 x 5.76 x 5.42 x
EV / EBITDA 21.4 x 29.5 x 28.4 x 26.9 x 29.7 x 28.9 x 26 x 23.7 x
EV / FCF 25.2 x 33.1 x 37.5 x 39.9 x 44.2 x 47 x 38.9 x 36 x
FCF Yield 3.97% 3.02% 2.67% 2.51% 2.26% 2.13% 2.57% 2.78%
Price to Book 5.69 x 7.59 x 7.73 x 7.22 x 8.75 x 9.13 x 7.91 x 6.88 x
Nbr of stocks (in thousands) 29,111 29,117 29,250 29,269 29,347 29,394 - -
Reference price 2 64.93 94.06 106.6 109.0 154.4 185.5 185.5 185.5
Announcement Date 2/5/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 424.6 425.5 505.2 565.6 703.6 811.6 882.3 916.2
EBITDA 1 86.29 90.37 106.6 113.5 146.2 179.1 195.7 209.4
EBIT 1 62.15 65.16 78.72 87.3 118 146.9 164.2 176.1
Operating Margin 14.64% 15.31% 15.58% 15.43% 16.78% 18.1% 18.61% 19.22%
Earnings before Tax (EBT) 1 61.61 64.98 78.62 87.72 122 153.4 172 185.7
Net income 1 47.18 49.34 60.88 66.5 92.6 115.7 129.2 139.3
Net margin 11.11% 11.6% 12.05% 11.76% 13.16% 14.26% 14.64% 15.2%
EPS 2 1.610 1.690 2.080 2.260 3.140 3.920 4.357 4.721
Free Cash Flow 1 73.22 80.52 80.76 76.56 98.11 110.2 130.4 138
FCF margin 17.24% 18.92% 15.99% 13.54% 13.94% 13.58% 14.79% 15.06%
FCF Conversion (EBITDA) 84.85% 89.1% 75.77% 67.43% 67.13% 61.53% 66.66% 65.89%
FCF Conversion (Net income) 155.2% 163.18% 132.65% 115.13% 105.96% 95.23% 100.98% 99.1%
Dividend per Share 2 0.6400 0.7000 0.7600 0.8500 - 1.130 1.127 1.080
Announcement Date 2/5/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 135.7 132.4 137.8 148 147.3 159.1 175.9 186.2 182.4 196.3 203 208.6 203.8 214.4 226.7
EBITDA 1 29.74 25.64 28.77 30.58 28.55 31.99 36.41 38.49 39.27 44.59 43.85 45.47 44.3 48 50.17
EBIT 1 22.86 18.86 22.09 23.87 22.47 25.05 29.5 31.42 32.08 36.58 36.63 37.53 36.18 40.49 42.82
Operating Margin 16.84% 14.25% 16.03% 16.13% 15.25% 15.74% 16.78% 16.88% 17.58% 18.64% 18.04% 17.99% 17.75% 18.88% 18.89%
Earnings before Tax (EBT) 1 22.88 18.82 22.05 23.95 22.91 25.64 30.3 32.59 33.44 38.09 38.2 39.18 37.92 42.62 45.12
Net income 1 17.28 14.36 16.66 17.93 17.54 19.42 22.49 25.97 24.72 29.13 28.71 29.45 28.49 31.9 33.74
Net margin 12.73% 10.85% 12.09% 12.12% 11.91% 12.2% 12.79% 13.95% 13.55% 14.84% 14.14% 14.12% 13.98% 14.88% 14.88%
EPS 2 0.5900 0.4900 0.5700 0.6100 0.6000 0.6600 0.7600 0.8800 0.8400 0.9900 0.9727 0.9953 0.9620 1.075 1.138
Dividend per Share 2 0.2000 0.2000 0.2000 0.2300 0.2250 0.2300 0.2300 - - 0.2700 0.2700 0.2950 0.2950 0.3200 0.3200
Announcement Date 1/28/22 4/19/22 7/20/22 10/19/22 1/27/23 4/20/23 7/20/23 10/19/23 1/26/24 4/18/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 44.4 72.3 87.2 138 192 276 374 483
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 73.2 80.5 80.8 76.6 98.1 110 130 138
ROE (net income / shareholders' equity) - - 15.9% 15.7% 19.3% 20.9% 20.6% 19.4%
ROA (Net income/ Total Assets) - - - - 14% 15.1% 15% 14.9%
Assets 1 - - - - 660 766 860 931.8
Book Value Per Share 2 11.40 12.40 13.80 15.10 17.60 20.30 23.50 27.00
Cash Flow per Share 2 2.760 - - - 3.760 4.550 5.040 5.590
Capex 1 7.5 9.06 6.75 5.89 12 13.5 14.6 18.2
Capex / Sales 1.77% 2.13% 1.34% 1.04% 1.71% 1.66% 1.66% 1.99%
Announcement Date 2/5/20 1/29/21 1/28/22 1/27/23 1/26/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
185.5 USD
Average target price
186.5 USD
Spread / Average Target
+0.53%
Consensus
  1. Stock Market
  2. Equities
  3. BMI Stock
  4. Financials Badger Meter, Inc.