Critical Survey: Dorchester Minerals, L.P. (DMLP) & Its Rivals
Dorchester Minerals, L.P. (NASDAQ: DMLP) is one of 104 public companies in the “Integrated Mining” industry, but how does it compare to its competitors? We will compare Dorchester Minerals, L.P. to related businesses based on the strength of its dividends, analyst recommendations, earnings, institutional ownership, profitability, risk and valuation.
Institutional and Insider Ownership
13.3% of Dorchester Minerals, L.P. shares are owned by institutional investors. Comparatively, 37.0% of shares of all “Integrated Mining” companies are owned by institutional investors. 9.2% of Dorchester Minerals, L.P. shares are owned by insiders. Comparatively, 12.1% of shares of all “Integrated Mining” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Valuation & Earnings
This table compares Dorchester Minerals, L.P. and its competitors gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Dorchester Minerals, L.P.||$45.34 million||$38.15 million||15.95|
|Dorchester Minerals, L.P. Competitors||$6.77 billion||$2.77 billion||-16.94|
Dorchester Minerals, L.P.’s competitors have higher revenue and earnings than Dorchester Minerals, L.P.. Dorchester Minerals, L.P. is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Dorchester Minerals, L.P. pays an annual dividend of $1.29 per share and has a dividend yield of 8.5%. Dorchester Minerals, L.P. pays out 135.8% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Integrated Mining” companies pay a dividend yield of 2.9% and pay out 41.6% of their earnings in the form of a dividend.
Volatility & Risk
Dorchester Minerals, L.P. has a beta of 0.81, suggesting that its share price is 19% less volatile than the S&P 500. Comparatively, Dorchester Minerals, L.P.’s competitors have a beta of 0.78, suggesting that their average share price is 22% less volatile than the S&P 500.
This is a summary of current ratings and target prices for Dorchester Minerals, L.P. and its competitors, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Dorchester Minerals, L.P.||0||0||0||0||N/A|
|Dorchester Minerals, L.P. Competitors||870||2840||3001||74||2.34|
As a group, “Integrated Mining” companies have a potential upside of 1.84%. Given Dorchester Minerals, L.P.’s competitors higher probable upside, analysts clearly believe Dorchester Minerals, L.P. has less favorable growth aspects than its competitors.
This table compares Dorchester Minerals, L.P. and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Dorchester Minerals, L.P.||65.28%||41.71%||41.15%|
|Dorchester Minerals, L.P. Competitors||-42,357.74%||-4.53%||-3.76%|
About Dorchester Minerals, L.P.
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states. The NPIs represent net profits overriding royalty interests in various properties owned by the Company. As of December 31, 2016, the Company had completed 270 wells on its Royalty Properties in seven states, and 39 new wells completed on its Properties in three states. The Company owns both a royalty interest and a net profits interest. The Company’s general partner is Dorchester Minerals Management LP.
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