Obermatt

Black Stone Minerals

NYQ:BSM · US09225M1018
Oil, Gas & Consumable FuelsMedium

360

72
EV / EBIT23
Price / Owner Earnings38
Owner Earnings Yield81
Dividend Yield100
Price/Sales7
EV / Gross Profit20
Price/Book1
Return on Capital95
Cash Return on Capital96
Return on Equity93
EBIT Margin100
Gross Profitability89
Cash Conversion14
Accruals21
Owner Earnings Margin94
Sales growth6
Profit Growth40
Long-Term EPS Growth53
Owner Earnings Growth73
Reinvestment53
Price momentum31
Debt load72
Refinancing89
Debt Payback76
Liquidity94
Analyst ratings5
Opinion Changes50
Price Target Upside34
Market mood49
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Black Stone Minerals clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryOil, Gas & Consumable Fuels
SizeMedium
TypePublic Company
ExchangeNYSE
Founded2014
Employees141
ISINUS09225M1018
Last UpdateApr 2, 2026
Index & Theme
Oil and Gas

Description

Black Stone Minerals, L.P. (BSM) owns and manages oil and natural gas mineral interests in the United States ('U.S.'). The company owns mineral interests in approximately 16.9 million gross acres, with an average 43.4% ownership interest in that acr…

Analysis

Quality compounder

Black Stone Minerals, L.P. is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 13.4× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
25
2023202420252026

All-time high

60

Jan 2024

All-time low

25

Jun 2026

Average rank

39

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
11
3
6
Price/Earnings
42
43
35
5
Price/Book
1
13
11
32
Dividend Yield
100
98
96
99
Value (overall)
27
32
23
25

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →