AnnualReportAI — Business Intelligence
Financial & Valuation Intelligence™

Badger Meter, Inc.

NASDAQ
BMI
Sector: Technology· Scientific & Technical Instruments
Current Price
$149.6
Market Cap
$4.34 B
AI Financial Summary

Badger Meter, Inc. (BMI) shows strong growth in Net Profit with a CAGR of 17.85% and Free Cash Flow of 15.54%, indicating effective shareholder value creation. Its profitability is improving, with ROE reaching 19.86% in FY25. However, at a PE of 45.57 and PB of 9.05, the company appears overvalued, with its current price exceeding its fair value.

Business Performance (CAGR)

10 Years
Revenue
—
PAT
17.9%
EPS
14.7%
Book Value
9.0%
Free Cash Flow
15.5%

Valuation Snapshot

P/E45.6
P/B9
EV/EBITDA32.3
P/S—
Div Yield0.67%

Financial Health

Debt to Equity—
Interest Coverage—x
Current Ratio3.37
Cash & Investments—

Profitability Metrics

ROE
19.9%
ROCE
—
ROA
14.5%
EBITDA Mgn
—
Op Margin
—
Net Margin
—

Cash Flow Intelligence

Operating Cash Flow$184 M
Free Cash Flow$167 M
Cash Conversion129.7%
FCF Margin—

Intrinsic Value

Premium
Estimated Intrinsic Value
████████
Current Price$149.6
Margin of Safety██.██%
Unlock with Premium

Estimated Intrinsic Value & DCF Fair Value are available with Premium plans.

AI Business Verdict

Badger Meter, Inc. demonstrates robust growth and strong operational profitability, with excellent cash generation and improving ROE. However, its current market valuation appears significantly elevated compared to intrinsic value, posing a considerable risk to new shareholders despite its strong business fundamentals.

  • Robust Net Profit and Free Cash Flow CAGRs of 17.85% and 15.54% respectively, indicating strong business performance.
  • Consistently improving Return on Equity (ROE), projected to reach 19.86% in FY25, demonstrating efficient use of shareholder capital.
  • Strong current ratio of 3.37, indicating excellent short-term liquidity.
  • High OCF to PAT ratio of 129.70% suggests high-quality earnings and strong cash generation from operations.

Balance Sheet

AI-Powered Analysis
Balance Sheet Strength™
58/100
Adequate

Badger Meter, Inc. has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.

AI Confidence
72%
Stability
55
Flexibility
62
Strength Factors
Liquidity86
Leverage55
Working Capital60
Asset Quality17
Shareholder Strength73
Financial Stability55
Financial Flexibility™
62/100
Adequate

Capacity to fund growth, withstand downturns and return capital.

Total Assets
$792 M
Total Liabilities
$78 M
Shareholder Equity
$713 M
▲ 17.7% YoY
Net Cash Position
+$0 M
Monitor
Debt / Equity
Not Available
Elevated
Enterprise Value
$6.45 B
Capital Structure
Assets
$792 M
Equity
$713 M (90.1%)
Liabilities
$78 M (9.9%)
Debt Intelligence™
Debt vs Cash Trend
Debt / EquityNot Available
Interest CoverageNot Available
Debt / EBITDANot Available
Net DebtNot Available
Debt Trend (5Y)Not Available
Debt MaturityWell Staggered
Liquidity Intelligence™
Current Ratio3.37
Quick Ratio1.43
Cash RatioNot Available
Working Capital$186 M
Operating Cash CoverageAdequate
Short-term LiquidityStrong
Working Capital Intelligence™
CCC Trend
Receivable DaysNot Available
Inventory DaysNot Available
Payable DaysNot Available
Cash Conversion CycleNot Available
Asset Quality (% of Total Assets)
Cash & InvestmentsNot Available
Property, Plant & Equip.10.1%
ReceivablesNot Available
InventoryNot Available
GoodwillNot Available
Intangible AssetsNot Available
Other Assets79.5%
Shareholder Strength™
Strength Radar
Book Value CAGR (5Y)9.0%
Net Worth CAGR (5Y)12.0%
Retained EarningsGood
Equity Dilution0.00%
Buyback EfficiencyGood
Dividend Sustain.Strong
Balance Sheet Evolution
Annual
Balance Sheet Risk Monitor
Debt RiskElevated
Liquidity RiskLow
Working Capital RiskElevated
Refinancing RiskElevated
Asset Quality RiskHigh
Dilution RiskLow
Contingent LiabilityLow
Overall Balance Sheet RiskElevated
Balance Sheet Stress Test™
Economic Slowdown35
Acquisition Capacity60
High Interest Rates55
Dividend Sustainability68
Revenue Decline74
Cash Flow Resilience59
Expansion Capacity66
Overall Resilience Score
60/100
Adequate Resilience
AI Balance Sheet Commentary
Overall Assessment
  • Badger Meter, Inc.
  • has an adequate but tight balance sheet — leverage and liquidity warrant monitoring.
What Stands Out
  • Comfortable short-term liquidity cushion
Areas To Monitor
  • Large 'other assets' bucket — investigate composition
Financial data based on consolidated numbers and TTM · Source: Company Filings, Annual Report AI Analysis · Data as of: 31/03/2025