$Badger Meter (BMI.US)$In the 2022.8.4 analysis, it was excl...

The US company, which was listed in 2008, is mainly in the fluid measurement business. The main market is in the US, and the current price is 190.23.

In the past 5 years, with the exception of 2019, revenue increased at an average rate of 10.2%, of which 24.4% in 2023 and an average operating profit growth rate of 26%. Among them, it grew 35.3% in 2023 and an average net profit growth rate of 27.5%, with an average increase of 39.3% in 2023. There have been no interest charges for almost 3 years. The gross margin has basically been around 39% in the past 5 years, the net profit margin has increased from 11.1% to 13.2%, and the return on net assets has increased from 14.9% to 19.3%.

2024Q1 revenue increased by 23.4%, operating profit increased by 46.2%, and net profit increased by 50%.

The balance ratio has increased from 21.5% to 28% in the past 5 years, and total assets and net assets have increased significantly. The ratio and growth rate of accounts receivable and inventory are normal. Goodwill and other intangible assets are 166 million, accounting for 31% of the 536 million net assets, and no interest-bearing liabilities.

Over the past five years, net operating cash flow has been much higher than net investment, generating a large percentage of shareholder surpluses.

Currently, the price-earnings ratio is 60.6, and the price-earnings ratio is TTM54.8. If the 25% growth rate is maintained for 3 years, the price-earnings ratio will drop to 31. The current valuation is quite reasonable, so you can choose carefully (⭐️)