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Badger Meter Inc (BMI)



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Upturn Advisory Summary
03/27/2025: BMI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 39.85% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.60B USD | Price to earnings Ratio 45.08 | 1Y Target Price 226.87 |
Price to earnings Ratio 45.08 | 1Y Target Price 226.87 | ||
Volume (30-day avg) 254641 | Beta 0.82 | 52 Weeks Range 150.24 - 238.71 | Updated Date 03/31/2025 |
52 Weeks Range 150.24 - 238.71 | Updated Date 03/31/2025 | ||
Dividends yield (FY) 0.71% | Basic EPS (TTM) 4.22 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.12% | Operating Margin (TTM) 19.11% |
Management Effectiveness
Return on Assets (TTM) 12.87% | Return on Equity (TTM) 22.26% |
Valuation
Trailing PE 45.08 | Forward PE 40.98 | Enterprise Value 5298936202 | Price to Sales(TTM) 6.77 |
Enterprise Value 5298936202 | Price to Sales(TTM) 6.77 | ||
Enterprise Value to Revenue 6.41 | Enterprise Value to EBITDA 27.87 | Shares Outstanding 29410900 | Shares Floating 29249427 |
Shares Outstanding 29410900 | Shares Floating 29249427 | ||
Percent Insiders 0.48 | Percent Institutions 95.49 |
Analyst Ratings
Rating 3.62 | Target Price 218.02 | Buy 1 | Strong Buy 2 |
Buy 1 | Strong Buy 2 | ||
Hold 5 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Badger Meter Inc

Company Overview
History and Background
Badger Meter was founded in 1905 in Milwaukee, Wisconsin, initially producing water meters. Over time, it evolved to offer a wider range of flow measurement and control technologies, expanding its global presence through strategic acquisitions and innovation.
Core Business Areas
- Water Quality: Offers sensors, analyzers, and control solutions that monitor and regulate water quality parameters such as pH, chlorine, and conductivity.
- Flow Instrumentation: Designs and manufactures flow measurement devices including mechanical and electronic meters, valves, and related technologies used in various applications such as water utilities, industrial processes, and HVAC systems.
- BEACON Advanced Metering Analytics (AMA): Provides software solutions that enable utilities to remotely monitor and manage water consumption, detect leaks, and improve operational efficiency through data analytics and reporting tools.
Leadership and Structure
Kenneth C. Bockhorst is the Chairman and CEO. The organizational structure comprises various departments, including engineering, manufacturing, sales, and marketing, all reporting to executive leadership.
Top Products and Market Share
Key Offerings
- E-Series Ultrasonic Meters: Ultrasonic water meters providing precise flow measurement with advanced features like leak detection. Market share data is proprietary, but Badger Meter is a significant player in the ultrasonic meter market. Competitors include Itron, Neptune Technology Group, and Sensus (Xylem).
- ORION Cellular Endpoint: A cellular endpoint device used in AMI (Advanced Metering Infrastructure) systems to transmit meter data wirelessly. Market share is difficult to pinpoint, but Badger Meter is a strong contender in AMI. Competitors are Itron, Sensus, and Landis+Gyr.
- Recordall Disc Meter: Positive displacement meters for cold and hot water measurement for industrial and commercial applications. Competitors include Sensus, McCrometer, and Seametrics.
Market Dynamics
Industry Overview
The flow measurement industry is driven by factors such as increasing demand for water conservation, aging infrastructure, and stricter regulations. The trend toward smart water management and advanced metering infrastructure is growing.
Positioning
Badger Meter is a leading provider of flow measurement and control solutions, known for its innovative technologies and strong customer relationships. Its competitive advantage lies in its comprehensive product portfolio and focus on water sustainability.
Total Addressable Market (TAM)
The global water and wastewater treatment market is projected to reach hundreds of billions of dollars, with flow measurement representing a significant portion. Badger Meter is well-positioned to capture a share of this TAM through its diverse product offerings and global reach.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Diverse product portfolio
- Global presence
- Focus on innovation
- Solid financial performance
Weaknesses
- Dependence on government regulations
- Exposure to currency fluctuations
- Competition from larger players
- Relatively higher product pricing compared to some competitors
Opportunities
- Growing demand for smart water solutions
- Expansion into emerging markets
- Increased adoption of AMI technology
- Strategic acquisitions
- Leveraging IoT and data analytics
Threats
- Economic downturns
- Intense competition
- Technological obsolescence
- Cybersecurity risks
- Fluctuations in raw material prices
Competitors and Market Share
Key Competitors
- ITRI
- XYL
- SPXC
Competitive Landscape
Badger Meter competes with both large and small players in the flow measurement industry. Its advantages include its technological innovation and comprehensive product line, while its disadvantages include competition from larger companies with greater resources.
Major Acquisitions
Aquisense Technologies
- Year: 2021
- Acquisition Price (USD millions): 28
- Strategic Rationale: Expanded Badger Meteru2019s offering in UV disinfection technology for water treatment applications, enhancing its water quality solutions.
Growth Trajectory and Initiatives
Historical Growth: Badger Meter has demonstrated steady growth over the past years, driven by its innovative products and strategic acquisitions.
Future Projections: Future Projections data would require access to financial analyst estimations.
Recent Initiatives: Recent Initiatives include expansion of its smart water solutions portfolio and strategic partnerships to enhance its market reach.
Summary
Badger Meter is a robust company with a strong position in the flow measurement industry, driven by innovative technology and strategic acquisitions. They are benefitting from increased demand for smart water solutions, however, the company needs to be aware of intense competition and currency fluctuations. Badger Meter's diverse product portfolio and global reach are key strengths, but exposure to economic downturns and rapid technological advancements could present challenges. Overall, Badger Meter is well positioned for continued growth in the evolving water management landscape.
Similar Companies
- ITRI
- XYL
- SPXC
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Sources
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market share data is based on available estimates and may not be precise. Financial data requires access to up to date statements, not possible in this limited environment
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Badger Meter Inc
Exchange NYSE | Headquaters Milwaukee, WI, United States | ||
IPO Launch date 1984-09-07 | Chairman, President & CEO Mr. Kenneth C. Bockhorst | ||
Sector Technology | Industry Scientific & Technical Instruments | Full time employees 2210 | Website https://www.badgermeter.com |
Full time employees 2210 | Website https://www.badgermeter.com |
Badger Meter, Inc. manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers Utility water smart metering solutions and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives. In addition, the company offers ORION Cellular endpoints to power network as a service; ORION mobile read endpoints support for deploying AMR solution; radio products; hardware, instruments, and sensors, and related software, to enhance connected data to a water utility's operation; water quality monitoring solutions, including optical sensing and electrochemical instruments; and high frequency pressure and leak detection sensors to aid in burst pipe and leak events; as well as BEACON, a secure cloud-hosted software suite that establishes alerts for specific conditions and allows consumer engagement tools that permit end water customers to view and manage their water usage activity. Its flow instrumentation products are used in water/wastewater, heating, ventilating and air conditioning, and corporate sustainability markets. The company serves water utilities, commercial, and industrial industries; and provides training, project management, technical support, and other collaborative services for customers. It sells its products and software directly, as well as through resellers and representatives. The company was incorporated in 1905 and is based in Milwaukee, Wisconsin.
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