BMI - Intrinsic Value and Financial Analysis - Badger Meter, Inc.

Badger Meter, Inc. BMI

Technology - Hardware, Equipment & Parts - NYSE - US

Watchlist

$ 215.32

-1.97 %

$ 6.33 B

Market Cap

53.56

P/E

BALANCE SHEET

717 M ASSETS

Growth Rates

1Year 18.88%

3Years 15.25%

5Years 12.79%

7Years 10.79%

10Years 8.54%

200 M LIABILITIES

Growth Rates

1Year 24.79%

3Years 23.23%

5Years 17.58%

7Years 11.46%

10Years 5.31%

516 M EQUITY

Growth Rates

1Year 16.74%

3Years 12.65%

5Years 11.22%

7Years 10.53%

10Years 10.14%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Badger Meter, Inc.

717 M ASSETS
200 M LIABILITIES

Current Assets	442 M
Cash & Short-Term Investments	192 M
Receivables	83.5 M
Other Current Assets	167 M
Non-Current Assets	275 M
Long-Term Investments	0
PP&E	79.4 M
Other Non-Current Assets	195 M

Current Liabilities	132 M
Accounts Payable	81.8 M
Short-Term Debt	2.55 M
Other Current Liabilities	47.6 M
Non-Current Liabilities	68.5 M
Long-Term Debt	3.21 M
Other Non-Current Liabilities	65.3 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994	Dec-1993	Dec-1992	Dec-1991	Dec-1990	Dec-1989	Dec-1988	Dec-1987	Dec-1986	Dec-1985
ASSETS
Cash & Cash Equivalents	191.8	138.1	87.2	72.3	48.9	13.1	11.2	7.3	8.2	6.7	7.3	6.6	5.0	3.1	13.3	6.2	8.7	3.0	4.4	2.8	2.1	3.8	3.4	4.2	3.8	2.4	1.1	1.1	1.2	0.4	0.9	0.9	0.4	0.7	1.0	0.8	1.2	0.7	1.3
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	83.5	76.7	65.9	61.7	61.4	66.3	58.2	59.8	56.6	54.0	50.1	45.6	41.2	40.4	35.8	35.8	30.6	29.3	27.1	26.9	26.3	22.1	18.7	19.0	24.3	19.8	19.2	15.5	13.7	14.4	11.6	11.2	10.6	11.1	10.5	8.8	8.6	7.7	6.9
Inventory	153.7	119.9	99.6	81.6	81.9	80.8	85.2	77.7	76.0	71.8	60.9	61.0	49.4	48.3	32.5	39.3	34.1	33.3	32.0	35.6	29.7	25.2	21.5	20.3	19.0	22.4	21.6	17.5	15.8	18.5	18.0	14.7	14.1	13.6	13.8	12.8	13.4	13.5	11.8
Other Current Assets	13.2	13.3	17.4	8.1	15.8	8.9	8.2	12.3	9.9	12.0	12.0	12.6	7.9	7.9	7.5	7.5	10.0	13.8	14.9	8.0	5.0	4.3	3.4	1.0	0.9	1.1	0.6	0.9	0.7	0.7	0.7	0.7	1.2	1.1	0.9	1.0	0.8	0.6	0.5
Total Current Assets	442.2	347.8	261.4	220.9	200.1	164.7	158.6	151.0	146.7	141.1	127.2	121.4	101.2	97.3	85.4	86.5	79.9	79.4	72.6	71.4	63.0	55.4	44.4	44.5	48.0	45.7	42.5	35.0	31.4	34.0	31.2	27.5	26.3	26.5	26.2	23.4	24.0	22.5	20.5
PP&E	79.4	73.5	78.0	82.7	85.8	90.3	93.6	90.2	90.9	82.5	76.4	70.5	66.1	66.1	62.9	61.8	54.6	44.7	43.9	42.0	42.8	43.5	41.1	42.6	42.1	37.4	24.0	19.4	17.4	16.6	16.6	16.9	16.6	16.4	14.6	13.1	13.2	14.5	13.1
Intangible Assets	53.7	53.6	64.2	53.6	48.2	55.4	59.3	51.9	57.3	61.7	57.3	58.4	33.7	34.2	23.6	25.0	0.5	0.6	7.6	8.3	8.4	6.8	0.8	1.1	1.1	1.5	0.7	0.9	1.2	1.6	1.3	1.6	1.8	2.0	1.6	1.7	1.6	1.5	1.3
Goodwill	113.2	101.3	104.3	88.7	71.3	71.3	67.4	49.3	48.0	47.0	44.7	35.9	9.4	9.2	7.0	7.0	7.0	7.0	6.6	7.1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	(7.5)	(5.1)	(0.7)	(2.2)	(2.9)	(0.7)	(1.4)	(4.2)	(4.8)	(3.9)	(2.3)	(1.7)	(5.1)	0	0	0	(3.4)	(4.0)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	5.7	14.0	22.9	22.5	16.6	11.0	12.8	7.6	9.9	8.9	10.5	4.3	8.6	9.1	10.2	5.7	4.9	4.2	21.8	21.3	19.6	20.8	12.5	10.5	11.9	12.3	15.1	10.8	10.5	9.8	8.5	7.9	6.5	5.8	4.3	3.6	2.7	1.6	1.1
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	716.9	603.0	530.8	468.4	421.9	392.7	391.7	350.0	352.9	341.2	316.1	290.5	218.9	215.9	189.0	195.4	150.3	139.4	145.9	143.0	133.9	126.5	98.8	98.7	103.1	96.9	82.3	66.1	60.5	62.0	57.6	53.9	51.2	50.7	46.7	41.8	41.5	40.1	36.0
LIABILITIES
Accounts Payable	81.8	71.4	41.9	34.9	31.5	22.5	28.6	18.4	19.2	16.1	18.6	15.6	11.4	11.2	10.8	13.2	11.4	10.6	9.8	11.4	14.9	11.0	8.9	6.5	10.5	10.2	7.2	7.1	4.9	4.6	2.8	3.2	2.8	3.1	3.6	0	0	0	0
Short Term Debt	2.6	0	0	0	4.5	18.1	44.5	38.0	71.4	75.9	70.0	66.7	(11.7)	12.9	8.0	19.7	13.6	17.0	16.3	22.9	9.2	26.3	8.3	23.0	16.6	14.3	11.2	2.6	5.5	10.4	12.6	11.3	9.9	1.9	5.5	3.1	3.8	4.3	1.4
Other Current Liabilities	47.6	38.9	40.3	33.1	21.2	18.0	18.9	16.6	12.8	13.6	8.2	10.7	1.6	8.0	7.0	10.0	7.9	17.5	11.7	10.0	13.0	11.2	6.6	8.2	9.7	10.4	10.3	7.7	4.8	4.4	3.7	3.2	3.2	3.1	3.3	6.6	6.0	5.8	6.9
Total Current Liabilities	131.9	110.3	82.1	65.2	57.2	60.0	93.1	75.8	101.9	107.1	98.0	94.1	22.4	32.7	26.3	50.8	41.2	45.7	39.6	45.2	37.1	48.6	23.8	37.7	36.8	34.9	28.7	17.4	15.2	19.4	19.1	17.7	15.9	8.1	12.4	9.7	9.8	10.1	8.3
Long Term Debt	3.2	4.4	4.3	4.7	0	0	0	0	0	0	0	0	0	0	0	5.5	3.1	5.9	15.4	14.8	24.4	13.0	20.5	5.9	11.5	2.6	0.9	1.1	1.0	1.2	1.4	1.7	1.9	10.4	5.2	5.3	7.1	7.5	5.7
Deferred Tax Income	5.1	4.6	5.4	5.7	0.9	3.3	3.4	2.2	0.8	6.4	9.8	8.7	0	0	0	0.1	0.2	0.2	6.6	7.4	5.7	4.7	0	0	0	0	0	0	0	0	0	0	2.9	2.8	2.7	2.5	2.2	1.4	1.1
Other Liabilities	10.5	41.3	36.0	31.5	32.7	25.8	17.7	15.8	17.9	13.4	11.7	16.4	17.2	14.8	20.3	27.9	13.8	15.7	10.9	11.4	11.5	12.1	11.6	11.8	11.8	11.6	11.2	11.0	12.1	12.0	11.0	9.6	1.2	1.2	0.5	0.3	0.3	0.4	0.8
Total Liabilities	200.4	160.6	127.7	107.1	90.8	89.2	114.3	93.8	120.6	126.8	119.5	119.2	39.6	47.5	44.6	84.3	58.3	67.6	72.5	78.9	78.7	78.4	55.8	55.4	60.1	49.1	40.8	29.5	28.3	32.6	31.5	29.0	21.9	22.5	20.8	17.8	19.4	19.4	15.9
EQUITY
Common Stock	37.2	37.2	37.2	37.2	37.2	37.2	37.2	37.1	20.6	20.5	20.5	20.4	21.3	21.3	21.2	21.1	20.9	20.6	10.1	9.9	4.8	4.8	4.7	4.6	4.5	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	458.7	395.2	353.5	314.9	285.9	257.3	244.2	223.9	204.0	189.4	170.3	155.7	166.3	156.1	135.2	107.9	89.1	77.5	74.3	64.9	58.9	54.8	50.7	50.5	46.4	39.2	33.1	28.2	24.6	22.2	20.1	19.0	23.9	23.3	21.9	20.4	19.1	18.1	17.6
Other Accumulative Comprehensive Income/Loss	(1.6)	(6.0)	0.1	1.3	0.4	0.6	(10.9)	(11.6)	(12.8)	(11.9)	(7.5)	(13.9)	(14.6)	(13.1)	(14.6)	(17.3)	(9.9)	(12.8)	(1.4)	1.0	(1.3)	(1.5)	(1.9)	(2.3)	(2.6)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Equity	516.5	442.4	403.1	361.3	331.1	303.5	277.5	256.2	232.3	214.3	196.6	171.2	179.3	168.4	144.5	111.0	92.0	71.8	73.4	64.1	55.2	48.1	43.0	43.3	43.0	47.8	41.5	36.6	32.2	29.4	26.1	24.9	29.3	28.2	25.9	24.0	22.1	20.7	20.1
Total Liabilities and Equity	716.9	603.0	530.8	468.4	421.9	392.7	391.7	350.0	352.9	341.2	316.1	290.5	218.9	215.9	189.0	195.4	150.3	139.4	145.9	143.0	133.9	126.5	98.8	98.7	103.1	96.9	82.3	66.1	60.5	62.0	57.6	53.9	51.2	50.7	46.7	41.8	41.5	40.1	36.0
SHARES OUTSTANDING
Common Shares Outstanding	29.3	29.2	29.1	29.1	29.0	29.0	28.9	28.9	28.8	28.6	28.7	28.7	29.9	29.8	29.6	29.1	28.4	27.7	27.0	26.4	25.7	25.3	25.3	26.5	27.9	28.8	28.4	27.9	27.9	27.5	27.5	27.4	26.1	25.2	24.9	24.3	23.6	24.0	22.6

Balance Sheet

Premium Plan

Unlimited Plan