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If You Invested $1000 in Badger Meter a Decade Ago, This is How Much It'd Be Worth Now
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Badger Meter (BMI - Free Report) ten years ago? It may not have been easy to hold on to BMI for all that time, but if you did, how much would your investment be worth today?
Badger Meter's Business In-Depth
With that in mind, let's take a look at Badger Meter's main business drivers.
Incorporated in 1905 and headquartered in Milwaukee, WI, Badger Meter, Inc. is a leading provider of water solutions, which include flow measurement, quality and other system parameters. The company’s products measure water, oil, chemicals, and other fluids and are known for accuracy, long-lasting durability, and for providing valuable and timely measurement data. The company’s cloud-hosted software suite, BEACON, allows consumer engagement tools that permit end-water customers to view and manage their water usage activity. The ORION branded family of radio endpoints includes ORION (ME), ORION (SE) applications, and ORION Cellular for an infrastructure-free AMI solution.
Badger Meter’s product lines fall into two categories — utility water and flow instrumentation. The utility water product line consists of either mechanical or static (ultrasonic) water meters and related radio and software technologies and services that are used by water utilities to generate water and wastewater revenues. Badger Meter estimates that about 70% of water meters installed in the United States have been converted to some form of radio solution technology.
The flow instrumentation product line mainly caters to water applications in the wider industrial markets. This product line consists of meters, valves, and other sensing devices for measuring and controlling the volume of liquids and gases, such as water, air, and steam, that pass through a pipe or pipeline. Badger Meter estimates that more than 90% of its products are used in water-related applications. Typically, flow instrumentation instruments are sold through manufacturers' agents and to original equipment manufacturers as the main flow-measuring component of a system or product.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Badger Meter, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in August 2014 would be worth $8,201.34, or a gain of 720.13%, as of August 2, 2024, and this return excludes dividends but includes price increases.
The S&P 500 rose 182.92% and the price of gold increased 81.52% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for BMI.
Badger Meter’s second-quarter performance benefited from solid customer demand for its unique smart water solutions and disciplined operational execution. The rapid adoption of cellular AMI solutions, including E-Series ultrasonic meters, ORION Cellular endpoint sales and higher BEACON Software-as-a-Service sales propelled the top-line growth. An incremental customer backlog conversion was a plus. Margins are gaining from higher volumes and positive SEA leverage. A debt-free balance sheet and frequent product launches bode well. With the launch of BlueEdge in the second quarter, it aims to expand global market penetration. However, it expects to witness tougher year-over-year comparisons as the year progresses and expects higher expenses owing to accretive investment strategies. A rise in copper prices is a headwind.
Shares have gained 7.08% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
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If You Invested $1000 in Badger Meter a Decade Ago, This is How Much It'd Be Worth Now
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Badger Meter (BMI - Free Report) ten years ago? It may not have been easy to hold on to BMI for all that time, but if you did, how much would your investment be worth today?
Badger Meter's Business In-Depth
With that in mind, let's take a look at Badger Meter's main business drivers.
Incorporated in 1905 and headquartered in Milwaukee, WI, Badger Meter, Inc. is a leading provider of water solutions, which include flow measurement, quality and other system parameters. The company’s products measure water, oil, chemicals, and other fluids and are known for accuracy, long-lasting durability, and for providing valuable and timely measurement data. The company’s cloud-hosted software suite, BEACON, allows consumer engagement tools that permit end-water customers to view and manage their water usage activity. The ORION branded family of radio endpoints includes ORION (ME), ORION (SE) applications, and ORION Cellular for an infrastructure-free AMI solution.
Badger Meter’s product lines fall into two categories — utility water and flow instrumentation. The utility water product line consists of either mechanical or static (ultrasonic) water meters and related radio and software technologies and services that are used by water utilities to generate water and wastewater revenues. Badger Meter estimates that about 70% of water meters installed in the United States have been converted to some form of radio solution technology.
The flow instrumentation product line mainly caters to water applications in the wider industrial markets. This product line consists of meters, valves, and other sensing devices for measuring and controlling the volume of liquids and gases, such as water, air, and steam, that pass through a pipe or pipeline. Badger Meter estimates that more than 90% of its products are used in water-related applications. Typically, flow instrumentation instruments are sold through manufacturers' agents and to original equipment manufacturers as the main flow-measuring component of a system or product.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Badger Meter, if you bought shares a decade ago, you're likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in August 2014 would be worth $8,201.34, or a gain of 720.13%, as of August 2, 2024, and this return excludes dividends but includes price increases.
The S&P 500 rose 182.92% and the price of gold increased 81.52% over the same time frame in comparison.
Looking ahead, analysts are expecting more upside for BMI.
Badger Meter’s second-quarter performance benefited from solid customer demand for its unique smart water solutions and disciplined operational execution. The rapid adoption of cellular AMI solutions, including E-Series ultrasonic meters, ORION Cellular endpoint sales and higher BEACON Software-as-a-Service sales propelled the top-line growth. An incremental customer backlog conversion was a plus. Margins are gaining from higher volumes and positive SEA leverage. A debt-free balance sheet and frequent product launches bode well. With the launch of BlueEdge in the second quarter, it aims to expand global market penetration. However, it expects to witness tougher year-over-year comparisons as the year progresses and expects higher expenses owing to accretive investment strategies. A rise in copper prices is a headwind.
Shares have gained 7.08% over the past four weeks and there have been 2 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.