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Brigham Minerals

DB:2TQ
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2TQ
DB
$453M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Brigham Minerals has significant price volatility in the past 3 months.
2TQ Share Price and Events
7 Day Returns
3%
DB:2TQ
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-
DB:2TQ
21.9%
DE Oil and Gas
-17.7%
DE Market
2TQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brigham Minerals (2TQ) 3% -48.9% -62.8% - - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • No trading data on 2TQ.
  • No trading data on 2TQ.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Brigham Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brigham Minerals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brigham Minerals.

DB:2TQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2TQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (0%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.871 * 5.44%)
4.35%

Discounted Cash Flow Calculation for DB:2TQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brigham Minerals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2TQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.35%)
2020 87.50 Analyst x2 83.85
2021 76.00 Analyst x1 69.80
2022 69.02 Est @ -9.18% 60.74
2023 64.50 Est @ -6.54% 54.40
2024 61.47 Est @ -4.7% 49.69
2025 59.38 Est @ -3.41% 45.99
2026 57.90 Est @ -2.5% 42.97
2027 56.81 Est @ -1.87% 40.41
2028 56.01 Est @ -1.42% 38.18
2029 55.38 Est @ -1.11% 36.18
Present value of next 10 years cash flows $522.00
DB:2TQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $55.38 × (1 + -0.39%) ÷ (4.35% – -0.39%)
$1,163.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,163.75 ÷ (1 + 4.35%)10
$760.19
DB:2TQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $522.00 + $760.19
$1,282.19
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,282.19 / 56.89
$22.54
DB:2TQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2TQ represents 0.85199x of NYSE:MNRL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85199x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 22.54 x 0.85199
€19.20
Value per share (EUR) From above. €19.20
Current discount Discount to share price of €6.85
= -1 x (€6.85 - €19.20) / €19.20
64.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brigham Minerals is available for.
Intrinsic value
>50%
Share price is €6.85 vs Future cash flow value of €19.2
Current Discount Checks
For Brigham Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brigham Minerals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Brigham Minerals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brigham Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brigham Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2TQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.26
NYSE:MNRL Share Price ** NYSE (2020-03-30) in USD $8.04
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brigham Minerals.

DB:2TQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MNRL Share Price ÷ EPS (both in USD)

= 8.04 ÷ 0.26

30.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brigham Minerals is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Brigham Minerals is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Brigham Minerals's expected growth come at a high price?
Raw Data
DB:2TQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
50.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:2TQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.38x ÷ 50.5%

0.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brigham Minerals is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Brigham Minerals's assets?
Raw Data
DB:2TQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $9.32
NYSE:MNRL Share Price * NYSE (2020-03-30) in USD $8.04
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:2TQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MNRL Share Price ÷ Book Value per Share (both in USD)

= 8.04 ÷ 9.32

0.86x

* Primary Listing of Brigham Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brigham Minerals is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Brigham Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Brigham Minerals has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Brigham Minerals expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brigham Minerals expected to grow at an attractive rate?
  • Brigham Minerals's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Brigham Minerals's earnings growth is expected to exceed the Germany market average.
  • Brigham Minerals's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2TQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2TQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 50.5%
DB:2TQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 13.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2TQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2TQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 160 92 39 2
2021-12-31 134 87 35 7
2020-12-31 117 77 20 8
2020-03-31
DB:2TQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 102 69 6
2019-09-30 24 25 5
2019-06-30 17 15 3
2019-03-31 10 0 5
2018-12-31 67 31 2
2017-12-31 41 29 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brigham Minerals's earnings are expected to grow significantly at over 20% yearly.
  • Brigham Minerals's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2TQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Brigham Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2TQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.86 0.86 0.85 2.00
2021-12-31 0.54 0.69 0.37 7.00
2020-12-31 0.36 0.69 0.05 6.00
2020-03-31
DB:2TQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.26
2019-09-30 0.23
2019-06-30 0.13
2019-03-31 0.23
2018-12-31 34.72
2017-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Brigham Minerals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brigham Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brigham Minerals has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Brigham Minerals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brigham Minerals's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Brigham Minerals's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Brigham Minerals's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Brigham Minerals's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (229.1% vs -4.1%).
Earnings and Revenue History
Brigham Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brigham Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2TQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 101.52 6.05 21.96
2019-09-30 23.74 5.05 12.71
2019-06-30 17.34 2.80 8.93
2019-03-31 9.70 4.97 0.49
2018-12-31 67.26 1.84 6.64
2017-12-31 40.91 0.00 3.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brigham Minerals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brigham Minerals used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if Brigham Minerals improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Brigham Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brigham Minerals has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Brigham Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brigham Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brigham Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brigham Minerals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Brigham Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Brigham Minerals has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brigham Minerals Company Filings, last reported 3 months ago.

DB:2TQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 317.32 0.00 51.13
2019-09-30 59.48 45.00 25.85
2019-06-30 58.46 0.00 82.73
2019-03-31 59.32 0.00
2018-12-31 373.95 170.71 31.99
2017-12-31 302.17 27.00 10.99
  • Brigham Minerals has no debt.
  • Brigham Minerals currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Brigham Minerals has no debt, it does not need to be covered by operating cash flow.
  • Brigham Minerals has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Brigham Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brigham Minerals has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Brigham Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
18.91%
Current annual income from Brigham Minerals dividends. Estimated to be 12.13% next year.
If you bought €2,000 of Brigham Minerals shares you are expected to receive €378 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Brigham Minerals's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Brigham Minerals's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2TQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2TQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.77 1.00
2023-12-31 0.73 1.00
2022-12-31 1.10 4.00
2021-12-31 0.96 7.00
2020-12-31 0.98 7.00
2020-03-31
DB:2TQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-28 1.520 15.889
2020-02-27 1.520 10.032
2019-11-08 1.320 7.143
2019-11-07 1.320 6.937
2019-08-09 1.320 6.593
2019-08-08 1.320 6.942

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Brigham Minerals has stable dividend payments.
  • Brigham Minerals only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Brigham Minerals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Brigham Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brigham Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brigham Minerals has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Brigham Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Roosa
COMPENSATION $526,283
AGE 49
TENURE AS CEO 2.7 years
CEO Bio

Mr. Robert M. Roosa, also known as Rob, has been President of Brigham Minerals, Inc. since November 2012, Chief Executive Officer since July 2017 and Director since May 2018. Mr. Roosa served as the President of Anthem Ventures and assisted Mr. Brigham with a number of family ventures between January 2012 and January 2017. Mr. Roosa served various roles, including Director of Finance and Investor Relations, while at Brigham Exploration from 2006 until its sale to Statoil in December of 2011. From 2000 to 2006, Mr. Roosa held a series of positions at Exxon Mobil Corporation in the Corporate Treasurer’s Department. Prior to 2000, Mr. Roosa worked for Cooper Industries in its Corporate Controllers and Audit Groups and with Deloitte & Touche LLP in its audit function. Mr. Roosa graduated from Southern Methodist University with a Master of Business Administration in 2000 and from The University of Texas at Austin with a Bachelors of Business Administration in 1992.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is lower than average for companies of similar size in Germany.
Management Team

Bud Brigham

TITLE
Executive Chairman
COMPENSATION
$243K
AGE
59

Rob Roosa

TITLE
President
COMPENSATION
$526K
AGE
49
TENURE
2.7 yrs

Blake Williams

TITLE
Chief Financial Officer
COMPENSATION
$307K
AGE
31
TENURE
2.7 yrs

Kevin L’abbé

TITLE
Vice President of Exploration for the Mid-Continent & Rocky Mountain Regions
AGE
37

A. McDavid

TITLE
Vice President of Exploration for the Permian & Williston Basins
AGE
38
Board of Directors Tenure

Average tenure and age of the Brigham Minerals board of directors in years:

4.3
Average Tenure
59.5
Average Age
  • The tenure for the Brigham Minerals board of directors is about average.
Board of Directors

Bud Brigham

TITLE
Executive Chairman
COMPENSATION
$243K
AGE
59
TENURE
7.3 yrs

Rob Roosa

TITLE
President
COMPENSATION
$526K
AGE
49
TENURE
1.8 yrs

Harold Carter

TITLE
Independent Director
AGE
80
TENURE
7.2 yrs

J.R. Sult

TITLE
Independent Director
AGE
60
TENURE
1.8 yrs

John Holland

TITLE
Independent Director
TENURE
1.6 yrs

Dick Stoneburner

TITLE
Independent Director
AGE
65
TENURE
1.8 yrs

James Levy

TITLE
Independent Director
AGE
43
TENURE
7.2 yrs

William Keenan

TITLE
Independent Director
AGE
68
TENURE
6.8 yrs

Carrie Clark

TITLE
Director
AGE
42
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Brigham Minerals individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 20 Buy John Sult Individual 24. Mar 20 24. Mar 20 10,000 €6.48 €64,797
23. Mar 20 Buy Harold Carter Individual 18. Mar 20 20. Mar 20 7,375 €6.76 €47,961
12. Mar 20 Buy Ben Brigham Individual 10. Mar 20 11. Mar 20 20,000 €9.21 €179,323
11. Mar 20 Buy Harold Carter Individual 09. Mar 20 09. Mar 20 4,000 €10.52 €42,095
18. Dec 19 Sell Warburg Pincus LLC Company 16. Dec 19 16. Dec 19 -1,153,187 €15.59 €-17,983,905
26. Apr 19 Buy Robert Roosa Individual 23. Apr 19 23. Apr 19 36,111 €16.06 €580,058
26. Apr 19 Buy Ben Brigham Individual 23. Apr 19 23. Apr 19 111,110 €16.06 €1,784,782
26. Apr 19 Buy Blake Williams Individual 23. Apr 19 23. Apr 19 19,444 €16.06 €312,333
26. Apr 19 Buy Harold Carter Individual 23. Apr 19 23. Apr 19 40,000 €16.06 €642,528
26. Apr 19 Buy John Sult Individual 23. Apr 19 23. Apr 19 15,000 €16.06 €240,948
X
Management checks
We assess Brigham Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brigham Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Brigham Minerals, Inc. owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Permian Basin in West Texas and New Mexico; the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher Counties plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota. As of December 31, 2019, it had mineral and royalty interests in approximately 57,800 net mineral acres; and owned mineral and royalty interests in 4,908 gross productive horizontal wells, which consisted of 4,424 oil wells and 484 natural gas wells, as well as proved undeveloped reserves of 7,037 thousand barrels of oil; 28,498 million cubic feet of natural gas; and 3,344 thousand barrels of natural gas liquids for a total of 15,131 thousand barrels of oil equivalent. Brigham Minerals, Inc. was founded in 2012 and is headquartered in Austin, Texas.

Details
Name: Brigham Minerals, Inc.
2TQ
Exchange: DB
Founded: 2012
$410,443,583
$249,094,486
56,887,979
Website: http://www.brighamminerals.net
Address: Brigham Minerals, Inc.
5914 West Courtyard Drive,
Suite 150,
Austin,
Texas, 78730,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MNRL Class A Common Stock New York Stock Exchange US USD 18. Apr 2019
DB 2TQ Class A Common Stock Deutsche Boerse AG DE EUR 18. Apr 2019
Number of employees
Current staff
Staff numbers
41
Brigham Minerals employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:02
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.