Financials Dorchester Minerals, L.P.

Equities

DMLP

US25820R1059

Oil & Gas Exploration and Production

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
33.05 USD -2.33% Intraday chart for Dorchester Minerals, L.P. -2.31% +3.83%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 472.6 676.6 378.4 700.7 1,148 1,260
Enterprise Value (EV) 1 454.3 663.8 369.3 674.2 1,109 1,214
P/E ratio 9.1 x 13 x 17.9 x 10.2 x 8.93 x 11.2 x
Yield 12.8% 9.52% 11.7% 9.76% 12.5% 11.1%
Capitalization / Revenue 6.86 x 8.93 x 8.39 x 7.81 x 6.99 x 7.97 x
EV / Revenue 6.59 x 8.76 x 8.19 x 7.51 x 6.76 x 7.68 x
EV / EBITDA 7.42 x 10 x 10.6 x 8.36 x 7.41 x 8.65 x
EV / FCF 11.1 x 14.1 x 11.6 x 15.3 x 11.3 x 12.4 x
FCF Yield 9.05% 7.08% 8.64% 6.54% 8.85% 8.06%
Price to Book 5.57 x 6.09 x 4.5 x 5.18 x 6.72 x 6.79 x
Nbr of stocks (in thousands) 32,280 34,680 34,680 35,405 38,371 39,583
Reference price 2 14.64 19.51 10.91 19.79 29.93 31.83
Announcement Date 2/28/19 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 68.89 75.76 45.12 89.76 164.2 158
EBITDA 1 61.22 66.07 34.78 80.64 149.7 140.4
EBIT 1 52.27 52.76 22.87 70.17 130.6 114.1
Operating Margin 75.87% 69.65% 50.69% 78.18% 79.53% 72.22%
Earnings before Tax (EBT) 1 53.91 52.76 21.87 70.17 130.6 114.1
Net income 1 51.94 51.03 21.16 67.83 126.1 110.4
Net margin 75.39% 67.36% 46.91% 75.57% 76.8% 69.86%
EPS 2 1.609 1.495 0.6102 1.935 3.352 2.846
Free Cash Flow 1 41.1 46.99 31.92 44.11 98.18 97.92
FCF margin 59.66% 62.03% 70.75% 49.15% 59.79% 61.97%
FCF Conversion (EBITDA) 67.14% 71.13% 91.79% 54.71% 65.59% 69.73%
FCF Conversion (Net income) 79.13% 92.08% 150.84% 65.04% 77.85% 88.7%
Dividend per Share 2 1.867 1.858 1.272 1.931 3.742 3.519
Announcement Date 2/28/19 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 18.3 12.8 9.05 26.4 39.2 45.7
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41.1 47 31.9 44.1 98.2 97.9
ROE (net income / shareholders' equity) 60.8% 53% 22.2% 61.8% 83.2% 63.9%
ROA (Net income/ Total Assets) 36.3% 32.2% 13.9% 37.3% 50.5% 38.8%
Assets 1 143.1 158.5 151.9 181.8 249.6 284.2
Book Value Per Share 2 2.630 3.200 2.420 3.820 4.450 4.680
Cash Flow per Share 2 0.5700 0.4400 0.3200 0.7700 1.060 1.190
Capex 1 0.04 - - - - -
Capex / Sales 0.06% - - - - -
Announcement Date 2/28/19 2/27/20 2/25/21 2/24/22 2/23/23 2/22/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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