Institutional Sign In

Go

Badger Meter

Badger Meter's net profit rose 23.4% yoy to USD 60.9 mil in 2021

By Helgi Library - August 29, 2022

Badger Meter made a net profit of USD 60.9 mil with revenues of USD 505 mil in 2021, up by 23.4% and up by 18.7%, r...

Badger Meter's price/earnings (P/E) fell 7.85% yoy to 51.3 in 2021

By Helgi Library - August 29, 2022

Badger Meter stock traded at USD 107 per share at the end 2021 translating into a market capitalization of USD 3,126 mil. Since t...

Badger Meter's ROCE rose 13.6% yoy to 16.3% in 2021

By Helgi Library - August 29, 2022

Badger Meter made a net profit of USD 60.9 mil in 2021, up 23.4% compared to the previous year. Historically, between 2006 a...

Profit Statement 2024 2025 2026
Sales USD mil 608 626 661
Gross Profit USD mil 241 258 273
EBITDA USD mil 130 147 158
EBIT USD mil 106 118 128
Financing Cost USD mil ... ... ...
Pre-Tax Profit USD mil 109 125 139
Net Profit USD mil 76.0 87.2 97.3
Dividends USD mil 27.8 23.4 23.4
Balance Sheet 2024 2025 2026
Total Assets USD mil 635 672 709
Non-Current Assets USD mil 294 303 312
Current Assets USD mil 341 368 397
Working Capital USD mil 150 160 170
Shareholders' Equity USD mil 531 595 669
Liabilities USD mil 104 76.7 40.6
Total Debt USD mil 36.2 46.2 56.2
Net Debt USD mil -96.0 -101 -106
Ratios 2024 2025 2026
ROE % 15.0 15.5 15.4
ROCE % 17.5 19.2 20.6
Gross Margin % 39.7 41.2 41.2
EBITDA Margin % 21.4 23.5 23.9
EBIT Margin % 17.4 18.8 19.4
Net Margin % 12.5 13.9 14.7
Net Debt/EBITDA -0.737 -0.687 -0.671
Net Debt/Equity % -18.1 -17.0 -15.8
Cost of Financing % ... ... ...
Valuation 2024 2025 2026
Market Capitalisation USD mil 2,834 2,834 2,834
Enterprise Value (EV) USD mil 2,738 2,733 2,728
Number Of Shares mil 29.2 29.2 29.2
Share Price USD 97.1 97.1 97.1
EV/EBITDA 21.0 18.6 17.3
EV/Sales 4.50 4.37 4.13
Price/Earnings (P/E) 37.3 32.5 29.1
Price/Book Value (P/BV) 5.33 4.76 4.24
Dividend Yield % 0.981 0.826 0.826

Get all company financials in excel:

Download Sample   $19.99

overview Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                                          
Sales USD mil                     394 402 434 425 426            
Gross Profit USD mil                     151 156 162 164 168            
EBIT USD mil                     50.8 56.6 56.9 62.1 65.2            
Net Profit USD mil                     32.3 34.6 27.8 47.2 49.3            
                                             
ROE % ...                   13.2 13.0 9.57 14.9 14.3            
EBIT Margin %                     12.9 14.1 13.1 14.6 15.3            
Net Margin %                     8.20 8.59 6.41 11.1 11.6            
Employees         ... ... ...       1,562 1,632 1,531 1,567 1,602   ... ... ... ... ...
balance sheet                                          
Total Assets USD mil                     350 392 393 422 468            
Non-Current Assets USD mil     ...               199 233 228 222 248            
Current Assets USD mil                     151 159 165 200 221            
                                             
Shareholders' Equity USD mil                     256 277 304 331 361            
Liabilities USD mil                     93.5 114 89.2 90.8 107            
Non-Current Liabilities USD mil                     17.7 21.2 29.2 33.6 41.9            
Current Liabilities USD mil                     75.8 93.1 60.0 57.2 65.2            
                                             
Net Debt/EBITDA                     0.418 0.412 0.061 -0.398 -0.698            
Net Debt/Equity %                     11.9 12.0 1.64 -10.8 -18.0            
Cost of Financing % ...     ...   ... ... ... ... ... ... ... ... ... 0.293 ... ... ... ... ... ...
cash flow                                          
Total Cash From Operations USD mil                     56.2 49.8 60.4 80.7 89.6            
Total Cash From Investing USD mil                     -12.4 -35.4 -16.7 -7.50 -38.2            
Total Cash From Financing USD mil                     -44.5 -10.4 -42.1 -37.7 -27.8            
Net Change In Cash USD mil                     -0.825 3.88 1.52 35.5 23.6            
valuation                                          
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 1,392 1,403 1,897 2,749            
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 1,425 1,408 1,862 2,684            
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 29.1 29.2 29.2 29.2            
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 47.8 48.1 64.9 94.1            
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 40.3 50.5 40.2 55.7            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 29.8 35.8 32.3 44.6            
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 17.6 17.3 20.8 28.8            
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 5.02 4.62 5.73 7.61            
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 1.03 1.17 0.987 0.746            
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
income statement                                          
Sales USD mil                     394 402 434 425 426            
Cost of Goods & Services USD mil                     243 247 271 261 257            
Gross Profit USD mil                     151 156 162 164 168            
Selling, General & Admin USD mil ... ...                 99.8 99.2 105 101 103   ... ... ... ... ...
Research & Development USD mil                     10.6 10.6 11.1 11.9 11.6   ... ... ... ... ...
Other Operating Expense USD mil ... ... ...               0 0 0 0 0   ... ... ... ... ...
Other Operating Cost (Income) USD mil ... ... ...               0 0 0 0 0   ... ... ... ... ...
EBITDA USD mil                     73.2 81.0 81.2 89.4 93.2            
Depreciation USD mil                     10.7 12.1 11.4 11.6 12.3            
EBIT USD mil                     50.8 56.6 56.9 62.1 65.2            
Net Financing Cost USD mil     ... ...             0.921 0.789 1.16 0.253 0.030            
Financing Cost USD mil       ...   ... ... ... ... ... ... ... ... ... 0.030 ... ... ... ... ... ...
Financing Income USD mil ... ... ...   ... ... ... ... ... ... ... ... ... ... 0   ... ... ... ... ...
FX (Gain) Loss USD mil     ...               0 0 0 0 0   ... ... ... ... ...
(Income) / Loss from Affiliates USD mil ... ... ...           ... ... ... ... ... ... ... ... ... ... ... ... ...
Extraordinary Cost USD mil     ...               0 0 0 0 0            
Pre-Tax Profit USD mil                     49.8 54.8 35.9 61.6 65.0            
Tax USD mil                     17.5 20.3 8.06 14.4 15.6            
Minorities USD mil     ...               0 0 0 0 0            
Net Profit USD mil                     32.3 34.6 27.8 47.2 49.3            
Net Profit Avail. to Common USD mil                     32.3 34.6 27.8 47.2 49.3            
Dividends USD mil                     12.5 14.2 16.3 18.6 20.4            
growth rates                                          
Total Revenue Growth % ...                   4.25 2.20 7.78 -2.10 0.216            
Operating Cost Growth % ...                   6.86 -0.661 6.38 -3.89 1.69   ... ... ... ... ...
EBITDA Growth % ...                   16.3 10.6 0.236 10.1 4.30            
EBIT Growth % ...                   19.8 11.5 0.484 9.28 4.84            
Pre-Tax Profit Growth % ...                   21.1 10.0 -34.6 71.8 5.48            
Net Profit Growth % ...                   24.5 7.05 -19.6 69.8 4.59            
ratios                                          
ROE % ...                   13.2 13.0 9.57 14.9 14.3            
ROA % ...                   9.16 9.33 7.09 11.6 11.1            
ROCE % ...   ... ...             10.1 10.4 7.93 13.7 14.3            
Gross Margin %                     38.2 38.7 37.4 38.5 39.5            
EBITDA Margin %                     18.6 20.1 18.7 21.1 21.9            
EBIT Margin %                     12.9 14.1 13.1 14.6 15.3            
Net Margin %                     8.20 8.59 6.41 11.1 11.6            
Payout Ratio %                     38.6 41.1 58.6 39.4 41.3            
Cost of Financing % ...     ...   ... ... ... ... ... ... ... ... ... 0.293 ... ... ... ... ... ...
Net Debt/EBITDA                     0.418 0.412 0.061 -0.398 -0.698            
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
balance sheet                                          
Cash & Cash Equivalents USD mil ... ... ...               7.34 11.2 13.1 48.9 72.3            
Receivables USD mil                     59.8 58.2 66.3 61.4 61.7            
Inventories USD mil                     77.7 85.2 80.8 81.9 81.6            
Other ST Assets USD mil                     6.16 4.08 4.47 7.91 5.30            
Current Assets USD mil                     151 159 165 200 221            
Property, Plant & Equipment USD mil                     90.2 93.6 90.3 94.2 89.6            
LT Investments & Receivables USD mil     ...               0 0 0 0 0            
Intangible Assets USD mil                     101 127 127 119 142            
Goodwill USD mil                     49.3 67.4 71.3 71.3 88.7            
Non-Current Assets USD mil     ...               199 233 228 222 248            
Total Assets USD mil                     350 392 393 422 468            
                                             
Trade Payables USD mil                     18.4 28.6 22.5 31.5 34.9            
Short-Term Debt USD mil                     38.0 44.6 18.1 7.32 2.53            
Other ST Liabilities USD mil                     2.78 3.37 4.21 5.65 13.1            
Current Liabilities USD mil                     75.8 93.1 60.0 57.2 65.2            
Long-Term Debt USD mil                     0 0 0 5.95 4.69            
Other LT Liabilities USD mil                     17.7 21.2 29.2 27.6 37.2            
Non-Current Liabilities USD mil                     17.7 21.2 29.2 33.6 41.9            
Liabilities USD mil                     93.5 114 89.2 90.8 107            
Preferred Equity and Hybrid Capital USD mil                     0 0 0 0 0            
Share Capital USD mil                     65.1 69.3 75.3 79.2 82.2            
Treasury Stock USD mil                     20.6 24.8 29.4 34.2 37.1            
Equity Before Minority Interest USD mil                     256 277 304 331 361            
Minority Interest USD mil                     0 0 0 0 0            
Equity USD mil                     256 277 304 331 361            
growth rates                                          
Total Asset Growth % ...                   -1.63 12.0 0.246 7.44 11.0            
Shareholders' Equity Growth % ...                   10.3 8.29 9.39 9.08 9.12            
Net Debt Growth % ...                   -51.6 9.06 -85.1 -816 82.7            
Total Debt Growth % ...                   -46.8 17.4 -59.5 -26.5 -45.6            
ratios                                          
Total Debt USD mil                     38.0 44.6 18.1 13.3 7.22            
Net Debt USD mil                     30.6 33.4 4.97 -35.6 -65.1            
Working Capital USD mil                     119 115 125 112 108            
Capital Employed USD mil     ...               318 348 353 334 356            
Net Debt/Equity %                     11.9 12.0 1.64 -10.8 -18.0            
Current Ratio                     1.99 1.70 2.74 3.50 3.39            
Quick Ratio ... ... ...               0.886 0.745 1.32 1.93 2.05            
cash flow Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
cash flow                                          
Net Profit USD mil                     32.3 34.6 27.8 47.2 49.3            
Depreciation USD mil                     10.7 12.1 11.4 11.6 12.3            
Non-Cash Items USD mil                     1.91 -2.49 16.4 -0.350 -1.46   ... ... ... ... ...
Change in Working Capital USD mil                     -0.459 -6.73 -8.16 9.74 16.5            
Total Cash From Operations USD mil                     56.2 49.8 60.4 80.7 89.6            
                                             
Capital Expenditures USD mil ... ... ...               -10.6 -15.1 -8.64 -7.50 -9.06            
Net Change in LT Investment USD mil                     0 0 0 0 0   ... ... ... ... ...
Net Cash From Acquisitions USD mil ... ... ...               -1.80 -20.4 -8.05 0 -29.1   ... ... ... ... ...
Other Investing Activities USD mil                     0 0 0 0 0   ... ... ... ... ...
Total Cash From Investing USD mil                     -12.4 -35.4 -16.7 -7.50 -38.2            
                                             
Dividends Paid USD mil                     -12.5 -14.2 -16.3 -18.6 -20.3            
Issuance Of Shares USD mil                     1.09 -3.80 -4.27 -5.02 -2.94            
Issuance Of Debt USD mil                     -33.1 6.38 -21.0 -13.5 -4.60            
Other Financing Activities USD mil                     0 0 -2.03 -2.56 -1.00   ... ... ... ... ...
Total Cash From Financing USD mil                     -44.5 -10.4 -42.1 -37.7 -27.8            
                                             
Effect of FX Rates USD mil ... ... ...               -0.143 -0.054 0.403 0.276 -0.164   ... ... ... ... ...
Net Change In Cash USD mil                     -0.825 3.88 1.52 35.5 23.6            
ratios                                          
Days Sales Outstanding days                     55.4 52.8 55.8 52.7 52.9            
Days Sales Of Inventory days                     117 126 109 115 116            
Days Payable Outstanding days                     27.5 42.3 30.2 44.1 49.5            
Cash Conversion Cycle days                     145 136 134 123 119            
Cash Earnings USD mil                     43.0 46.6 39.1 58.7 61.6            
Free Cash Flow USD mil                     43.8 14.3 43.7 73.2 51.4            
Capital Expenditures (As % of Sales) % ... ... ...               2.69 3.74 1.99 1.77 2.13            
other ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                                           
Employees         ... ... ...       1,562 1,632 1,531 1,567 1,602   ... ... ... ... ...
Operating Cost (As % of Sales) %                     25.3 24.6 24.3 23.9 24.2   ... ... ... ... ...
Research & Development (As % of Sales) %                     2.69 2.63 2.56 2.80 2.73   ... ... ... ... ...
Effective Tax Rate %                     35.2 37.0 22.5 23.4 24.1            
Total Revenue Growth (5-year average) % ... ... ... ... ...           8.41 4.71 5.36 3.09 2.41            
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ... 5.54 5.54 4.49 5.43 4.40            
valuation Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
                                           
Market Capitalisation USD mil ... ... ... ... ... ... ... ... ... ... ... 1,392 1,403 1,897 2,749            
Enterprise Value (EV) USD mil ... ... ... ... ... ... ... ... ... ... ... 1,425 1,408 1,862 2,684            
Number Of Shares mil ... ... ... ... ... ... ... ... ... ... ... 29.1 29.2 29.2 29.2            
Share Price USD ... ... ... ... ... ... ... ... ... ... ... 47.8 48.1 64.9 94.1            
EV/EBITDA ... ... ... ... ... ... ... ... ... ... ... 17.6 17.3 20.8 28.8            
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... 40.3 50.5 40.2 55.7            
Price/Cash Earnings (P/CE) ... ... ... ... ... ... ... ... ... ... ... 29.8 35.8 32.3 44.6            
P/FCF ... ... ... ... ... ... ... ... ... ... ... 97.3 32.1 25.9 53.5            
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... 5.02 4.62 5.73 7.61            
Dividend Yield % ... ... ... ... ... ... ... ... ... ... ... 1.03 1.17 0.987 0.746            
Free Cash Flow Yield % ... ... ... ... ... ... ... ... ... ... ... 1.03 3.11 3.86 1.87            
Earnings Per Share (EPS) USD ... ... ... ... ... ... ... ... ... ... ... 1.19 0.952 1.61 1.69            
Cash Earnings Per Share USD ... ... ... ... ... ... ... ... ... ... ... 1.60 1.34 2.01 2.11            
Free Cash Flow Per Share USD ... ... ... ... ... ... ... ... ... ... ... 0.491 1.50 2.51 1.76            
Book Value Per Share USD ... ... ... ... ... ... ... ... ... ... ... 9.53 10.4 11.3 12.4            
Dividend Per Share USD ... ... ... ... ... ... ... ... ... ... ... 0.492 0.561 0.641 0.701            
EV/Sales ... ... ... ... ... ... ... ... ... ... ... 3.54 3.25 4.38 6.31            
EV/EBIT ... ... ... ... ... ... ... ... ... ... ... 25.2 24.8 30.0 41.2            
EV/Free Cash Flow ... ... ... ... ... ... ... ... ... ... ... 99.6 32.3 25.4 52.2            
EV/Capital Employed ... ... ... ... ... ... ... ... ... ... ... 4.10 3.99 5.58 7.54            
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... -19.8 69.6 4.56            
Cash Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... -16.3 49.9 4.82            
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... 9.10 8.97 9.08            

Get all company financials in excel:

Download Sample   $19.99

Badger Meter's P/FCF rose 61.9% yoy to 86.6 in 2021

By Helgi Library - August 29, 2022

Badger Meter stock traded at USD 107 per share at the end 2021 translating into a market capitalization of USD 3,126 mil. Since the end of 2016, the stock has appreciated by 0% representing an annual average growth of %. At the end of 2021, the firm trad...

Badger Meter's Net Debt/EBITDA fell 5.93% yoy to -0.739 in 2021

By Helgi Library - August 29, 2022

Badger Meter's net debt stood at USD -81.0 mil and accounted for -20.1% of equity at the end of 2021. The ratio is down 2.09 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 35.1% in 2012 and a low o...

Badger Meter's Net Margin rose 3.93% yoy to 12.1% in 2021

By Helgi Library - August 29, 2022

Badger Meter made a net profit of USD 60.9 mil with revenues of USD 505 mil in 2021, up by 23.4% and up by 18.7%, respectively, compared to the previous year. This translates into a net margin of 12.1%. Historically, between 2006 and 2021, the firm...

Badger Meter's Capital Expenditures rose 25.5% yoy to USD 6.75 mil in 2021

By Helgi Library - August 29, 2022

Badger Meter invested a total of USD 6.75 mil in 2021, down 25.5% compared to the previous year. Historically, between 2009 - 2021, the company's investments stood at a high of USD 19.8 mil in 2015 and a low of USD 5.34 mil in 2011. A...

Badger Meter's Share Price rose 13.3% yoy to USD 107 in 2021

By Helgi Library - August 29, 2022

Badger Meter stock traded at USD 107 per share at the end 2021 implying a market capitalization of USD 3,126 mil. Since the end of 2016, stock has appreciated by % implying an annual average growth of % In absolute terms, the value of the company rose ...

More News

Badger Meter Logo

Finance

Badger Meter has been growing its sales by 5.52% a year on average in the last 5 years. EBITDA has grown on average by 7.59% a year during that time to total of USD 158 mil in 2026, or 23.9% of sales. That’s compared to 22.2% average margin seen in last five years.

The company netted USD 97.3 mil in 2026 implying ROE of 15.4% and ROCE of 20.6%. Again, the average figures were 15.4% and 18.1%, respectively when looking at the previous 5 years.

Badger Meter’s net debt amounted to USD -106 mil at the end of 2026, or -15.8% of equity. When compared to EBITDA, net debt was -0.671x, up when compared to average of -0.718x seen in the last 5 years.

Valuation

Badger Meter stock traded at USD 97.1 per share at the end of 2026 resulting in a market capitalization of USD 2,834 mil. Over the previous five years, stock price fell by 8.91% or -1.85% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 17.3x and price to earnings (PE) of 29.1x as of 2026.