Badger Meter, Inc. logo BMI - Badger Meter, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 5
HOLD 10
SELL 3
STRONG
SELL
0
| PRICE TARGET: $158.50 DETAILS
HIGH: $220.00
LOW: $110.00
MEDIAN: $156.00
CONSENSUS: $158.50
UPSIDE: 9.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 3.3% below fair value
Current Price $144.18
Bear Case $107.07 25.7% downside ($107.07 - $144.18) / $144.18 = -25.7% 7% stage 1 growth, 11% discount
Fair Value $149.16 3.5% upside ($149.16 - $144.18) / $144.18 = 3.5% 12% stage 1 growth, 11% discount
Bull Case $192.49 33.5% upside ($192.49 - $144.18) / $144.18 = 33.5% 15% stage 1 growth, 11% discount

Adjust Assumptions

11.9%
11.0%
3.0%

Key Value Driver

FCF growth rate (12% base case)

Terminal Value % of EV 40%
Implied Market Multiple 24.5x
Market is pricing in (growth) 11.7% vs our 11.9% base

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $158.50 from 18 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $149.16 per share.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions