Kimbell Royalty Partners, LP

DB:0R3 Stock Report

Market Cap: €1.2b

Kimbell Royalty Partners Valuation

Is 0R3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0R3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R3 (€15.1) is trading above our estimate of fair value (€14.11)

Significantly Below Fair Value: 0R3 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R3?

Key metric: As 0R3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R3. This is calculated by dividing 0R3's market cap by their current earnings.
What is 0R3's PE Ratio?
PE Ratio33.2x
EarningsUS$38.73m
Market CapUS$1.28b

Price to Earnings Ratio vs Peers

How does 0R3's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30x
DR0 Deutsche Rohstoff
2.9x-8.9%€170.6m
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
82.6xn/a€1.2b
VH2 Friedrich Vorwerk Group
19.1x12.9%€538.0m
0R3 Kimbell Royalty Partners
33.2x32.4%€1.3b

Price-To-Earnings vs Peers: 0R3 is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the peer average (30x).

Price to Earnings Ratio vs Industry

How does 0R3's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R3 33.2xIndustry Avg. 9.0xNo. of Companies17PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R3 is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the European Oil and Gas industry average (9.1x).

Price to Earnings Ratio vs Fair Ratio

What is 0R3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0R3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.2x
Fair PE Ratio25.9x

Price-To-Earnings vs Fair Ratio: 0R3 is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0R3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€15.10
€18.84
+24.8%
11.9%€22.60€15.07n/a6
Nov ’25€14.68
€18.49
+26.0%
11.9%€22.19€14.80n/a6
Oct ’25€14.38
€18.52
+28.8%
11.5%€21.68€14.45n/a6
Sep ’25€14.31
€19.24
+34.5%
13.2%€22.91€14.66n/a6
Aug ’25€15.65
€19.20
+22.7%
12.8%€23.04€14.75n/a6
Jul ’25€15.44
€19.15
+24.1%
12.8%€23.36€14.95n/a6
Jun ’25€15.22
€19.73
+29.6%
8.7%€23.05€18.44n/a5
May ’25€15.02
€19.87
+32.3%
8.4%€23.47€18.78n/a6
Apr ’25€14.44
€18.97
+31.4%
10.9%€22.89€15.57n/a7
Mar ’25€14.44
€19.14
+32.5%
10.9%€23.10€15.71n/a7
Feb ’25€13.83
€19.48
+40.9%
11.7%€23.98€15.68n/a8
Jan ’25€13.68
€19.82
+44.9%
9.8%€23.73€17.34n/a7
Dec ’24€14.02
€19.82
+41.4%
9.8%€23.73€17.34n/a7
Nov ’24€15.27
€20.59
+34.8%
9.6%€24.49€17.90€14.687
Oct ’24€15.05
€21.15
+40.5%
8.4%€24.62€18.94€14.386
Sep ’24€14.09
€19.73
+40.0%
7.9%€22.03€17.44€14.316
Aug ’24€14.28
€19.30
+35.2%
8.4%€21.88€17.32€15.656
Jul ’24€13.29
€19.70
+48.2%
8.8%€21.99€17.41€15.446
Jun ’24€13.58
€19.45
+43.2%
8.8%€21.71€17.19€15.226
May ’24€14.31
€19.47
+36.1%
8.8%€21.73€17.20€15.026
Apr ’24€13.37
€20.23
+51.3%
9.7%€23.16€17.60€14.446
Mar ’24€14.47
€21.51
+48.7%
7.5%€23.59€18.87€14.445
Feb ’24€14.73
€21.57
+46.5%
3.4%€22.13€20.28€13.835
Jan ’24€15.34
€22.47
+46.5%
5.1%€24.51€20.74€13.686
Dec ’23€16.30
€23.37
+43.4%
5.6%€24.98€21.13€14.026
Nov ’23€19.18
€23.75
+23.8%
5.8%€26.09€22.08€15.276

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Cosmo Energy Holdings

JP¥561.9b

Through its subsidiaries, engages in the oil business in Japan and internationally.

2LW

JP¥40.80

7D

-1.0%

1Y

16.6%

Rubellite Energy

CA$214.7m

Rubellite Energy Inc., an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.

6L00

CA$1.31

7D

0%

1Y

-10.3%

Hafnia

NOK 30.6b

Owns and operates oil product tankers in Bermuda.

RE0

NOK 4.94

7D

-11.1%

1Y

-15.4%