Badger Meter Inc.
Find Ratings ReportsBADGER METER INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. BADGER METER INC is extremely liquid. Currently, the Quick Ratio is 2.09 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.73% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 182.44 | 147.32 |
EBITDA ($mil) | 39.27 | 28.55 |
EBIT ($mil) | 32.08 | 22.47 |
Net Income ($mil) | 24.72 | 17.54 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 191.78 | 138.05 |
Total Assets ($mil) | 716.92 | 603.05 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 516.48 | 442.42 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 43.11 | 42.79 |
EBITDA Margin | 21.52 | 19.38 |
Operating Margin | 17.58 | 15.25 |
Sales Turnover | 0.98 | 0.94 |
Return on Assets | 12.91 | 11.02 |
Return on Equity | 17.93 | 15.03 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 3.35 | 3.15 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 29.35 | 29.29 |
Div / share | 0.27 | 0.23 |
EPS | 0.84 | 0.6 |
Book value / share | 17.6 | 15.1 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 181701.0 | 154266.0 |
BUY. BADGER METER INC's P/E ratio indicates a discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 8.65 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, BADGER METER INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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BMI 48.46 | Peers 53.34 | BMI 40.56 | Peers 44.47 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. BMI is trading at a valuation on par with its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. BMI is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BMI 39.89 | Peers 26.06 | BMI 4.17 | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. BMI is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. BMI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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BMI 8.65 | Peers 23.59 | BMI 38.32 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. BMI is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, BMI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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BMI 6.35 | Peers 14.13 | BMI 24.40 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. BMI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. BMI trails its peers on the basis of sales growth. |
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