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: $153.20 DETAILS
HIGH: $167.00
LOW: $112.00
MEDIAN: $162.00
CONSENSUS: $153.20
UPSIDE: 12.97%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Mild
Trading 8.2% above fair value
Current Price $135.61
Bear Case $96.25 29.0% downside ($96.25 - $135.61) / $135.61 = -29.0% 6% stage 1 growth, 11% discount
Fair Value $125.37 7.5% downside ($125.37 - $135.61) / $135.61 = -7.5% 10% stage 1 growth, 11% discount
Bull Case $153.68 13.3% upside ($153.68 - $135.61) / $135.61 = 13.3% 12% stage 1 growth, 11% discount

Adjust Assumptions

9.6%
11.0%
3.0%

Key Value Driver

FCF growth rate (10% base case)

Terminal Value % of EV 39%
Implied Market Multiple 22.8x
Market is pricing in (growth) 10.7% vs our 9.6% base

Plain-Language Summary

Using a two-stage FCF DCF with 10% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $125.37 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (18 analysts) $153.20
Analyst Range $112.00 – $167.00
Divergence from AlphaVal 18%

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