$Badger Meter (BMI.US)$In the analysis on August 4, 2022, it...

The company, which went public in the USA in 2008, mainly operates in the fluid measurement business, with its main market in the USA. The current price is 190.23.

In the past 5 years, revenue has grown for 4 years except in 2019, with an average growth rate of 10.2%. In 2023, it grew by 24.4%. The average growth rate of operating profit is 26%, with a growth of 35.3% in 2023. The average growth rate of net income is 27.5%, with a growth of 39.3% in 2023. There have been no interest expenses in the past 3 years. The gross margin has remained around 39% in the past 5 years, the net margin has increased from 11.1% to 13.2%, and the return on net assets has increased from 14.9% to 19.3%.

Revenue in Q1 2024 increased by 23.4%, operating profit increased by 46.2%, and net income increased by 50%.

Over the past 5 years, the asset-liability ratio has increased from 21.5% to 28%, with significant increases in total assets and net assets. The proportion and growth rate of accounts receivable and inventory are normal, goodwill and other intangible assets amount to 0.166 billion, accounting for 31% of the 0.536 billion net assets, and there is no interest-bearing debt.

Over the past 5 years, the operating cash flow has been significantly higher than the investment cash flow, resulting in a large proportion of shareholder earnings.

Currently, the P/E ratio is 60.6, the trailing P/E ratio is 54.8. If it maintains a 25% growth rate for 3 years, the P/E ratio will decrease to 31. The current valuation is relatively reasonable, and careful selection can be made (⭐️).