(DMLP) Dorchester Minerals - Ratings and Ratios
Mineral Royalties, Oil, Gas
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 10.16% |
| Yield on Cost 5y | 37.70% |
| Yield CAGR 5y | 15.97% |
| Payout Consistency | 92.3% |
| Payout Ratio | 2.5% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 21.2% |
| Value at Risk 5%th | 34.7% |
| Relative Tail Risk | -0.62% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.96 |
| Alpha | -30.63 |
| CAGR/Max DD | 0.03 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.418 |
| Beta | 0.476 |
| Beta Downside | 0.570 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.31% |
| Mean DD | 10.28% |
| Median DD | 8.43% |
Description: DMLP Dorchester Minerals January 18, 2026
Dorchester Minerals, L.P. (NASDAQ:DMLP) is a Dallas-based royalty and net-profits partnership that owns interests in oil- and gas-producing assets across 594 counties in 28 U.S. states. Its portfolio includes traditional royalties, overriding royalties, net-profits interests, and leasehold rights, giving the fund exposure to both producing and non-producing properties without operating risk. The general partner, Dorchester Minerals Management LP, oversees acquisition, administration, and distribution of cash flow to unit holders.
As of the most recent filing (Q4 2023), DMLP reported a cash-flow-to-distribution coverage ratio of roughly 1.4× and a trailing-12-month distribution yield near 9%, supported by $150 million of operating cash flow. The partnership’s net-profits interests are weighted toward the Permian Basin, where production growth averaged 5% YoY in 2023, and the portfolio’s average royalty rate sits at 12.5% of gross oil and gas revenues. Debt is minimal (debt-to-EBITDA ≈ 0.2), reflecting the capital-light nature of royalty structures.
The primary economic driver for DMLP is the underlying price of crude oil and natural gas; a 10% rise in WTI crude typically translates to a 6–8% uplift in distributable cash flow, given the mix of royalty and net-profits interests. Macro-level factors such as OPEC+ production decisions, U.S. shale drilling activity, and seasonal demand spikes therefore have outsized influence on the partnership’s performance. For a deeper, data-driven look at DMLP’s risk-adjusted valuation, the ValueRay platform offers a transparent model you may want to explore.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 54.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.39 > 0.02 and ΔFCF/TA 4.79 > 1.0 |
| NWC/Revenue: 37.34% < 20% (prev 46.39%; Δ -9.05% < -1%) |
| CFO/TA 0.39 > 3% & CFO 129.7m > Net Income 54.0m |
| Net Debt (-40.8m) to EBITDA (121.8m): -0.33 < 3 |
| Current Ratio: 10.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.7m) vs 12m ago 18.68% < -2% |
| Gross Margin: 56.86% > 18% (prev 0.79%; Δ 5607 % > 0.5%) |
| Asset Turnover: 41.07% > 50% (prev 42.70%; Δ -1.63% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
ValueRay F-Score (Strict, 0-100) 72.07
| 1. Piotroski: 5.50pt |
| 2. FCF Yield: 11.70% |
| 3. FCF Margin: 86.07% |
| 4. Debt/Equity: 0.00 |
| 5. Debt/Ebitda: -0.33 |
| 6. ROIC - WACC: 5.32% |
| 7. RoE: 15.93% |
| 8. Revenue Trend: -1.68% |
| 9. EPS Trend: -75.67% |
What is the price of DMLP shares?
Over the past week, the price has changed by +1.54%, over one month by +6.33%, over three months by -0.80% and over the past year by -19.16%.
Is DMLP a buy, sell or hold?
What are the forecasts/targets for the DMLP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.2 | 10.6% |
DMLP Fundamental Data Overview January 19, 2026
P/S = 7.7851
P/B = 3.4599
Revenue TTM = 150.7m USD
EBIT TTM = 55.4m USD
EBITDA TTM = 121.8m USD
Long Term Debt = 842.0k USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 257.0k USD (from shortTermDebt, last quarter)
Debt = 842.0k USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -40.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.11b USD (1.15b + Debt 842.0k - CCE 41.6m)
Interest Coverage Ratio = unknown (Ebit TTM 55.4m / Interest Expense TTM 0.0)
EV/FCF = 8.54x (Enterprise Value 1.11b / FCF TTM 129.7m)
FCF Yield = 11.70% (FCF TTM 129.7m / Enterprise Value 1.11b)
FCF Margin = 86.07% (FCF TTM 129.7m / Revenue TTM 150.7m)
Net Margin = 35.84% (Net Income TTM 54.0m / Revenue TTM 150.7m)
Gross Margin = 56.86% ((Revenue TTM 150.7m - Cost of Revenue TTM 65.0m) / Revenue TTM)
Gross Margin QoQ = 87.78% (prev 46.83%)
Tobins Q-Ratio = 3.35 (Enterprise Value 1.11b / Total Assets 330.4m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 842.0k)
Taxrate = 21.0% (US default 21%)
NOPAT = 43.8m (EBIT 55.4m * (1 - 21.00%))
Current Ratio = 10.05 (Total Current Assets 62.5m / Total Current Liabilities 6.22m)
Debt / Equity = 0.00 (Debt 842.0k / totalStockholderEquity, last quarter 323.6m)
Debt / EBITDA = -0.33 (Net Debt -40.8m / EBITDA 121.8m)
Debt / FCF = -0.31 (Net Debt -40.8m / FCF TTM 129.7m)
Total Stockholder Equity = 339.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 14.72% (Net Income 54.0m / Total Assets 330.4m)
RoE = 15.93% (Net Income TTM 54.0m / Total Stockholder Equity 339.1m)
RoCE = 16.30% (EBIT 55.4m / Capital Employed (Equity 339.1m + L.T.Debt 842.0k))
RoIC = 12.98% (NOPAT 43.8m / Invested Capital 337.1m)
WACC = 7.66% (E(1.15b)/V(1.15b) * Re(7.67%) + D(842.0k)/V(1.15b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 7.67% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 9.74%
[DCF Debug] Terminal Value 79.54% ; FCFF base≈133.4m ; Y1≈135.2m ; Y5≈147.0m
Fair Price DCF = 58.04 (EV 2.76b - Net Debt -40.8m = Equity 2.80b / Shares 48.3m; r=7.66% [WACC]; 5y FCF grow 1.03% → 2.90% )
EPS Correlation: -75.67 | EPS CAGR: -24.56% | SUE: N/A | # QB: 0
Revenue Correlation: -1.68 | Revenue CAGR: 4.24% | SUE: N/A | # QB: 0
Additional Sources for DMLP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle