Kimbell Royalty Partners, LP

NYSE:KRP Stock Report

Market Cap: US$1.6b

Kimbell Royalty Partners Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 KRP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KRP ($15.97) is trading below our estimate of fair value ($19.16)

Significantly Below Fair Value: KRP is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KRP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.6x
Enterprise Value/EBITDA7.1x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does KRP's PE Ratio compare to its peers?

The above table shows the PE ratio for KRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.9x
DMLP Dorchester Minerals
12.3xn/aUS$1.3b
CPE Callon Petroleum
5.9x3.2%US$2.4b
KOS Kosmos Energy
7.3x0.5%US$2.0b
SBR Sabine Royalty Trust
10xn/aUS$911.1m
KRP Kimbell Royalty Partners
37x44.6%US$1.6b

Price-To-Earnings vs Peers: KRP is expensive based on its Price-To-Earnings Ratio (37x) compared to the peer average (8.9x).


Price to Earnings Ratio vs Industry

How does KRP's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: KRP is expensive based on its Price-To-Earnings Ratio (37x) compared to the US Oil and Gas industry average (10.9x).


Price to Earnings Ratio vs Fair Ratio

What is KRP'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.

KRP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37x
Fair PE Ratio19x

Price-To-Earnings vs Fair Ratio: KRP is expensive based on its Price-To-Earnings Ratio (37x) compared to the estimated Fair Price-To-Earnings Ratio (19x).


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 KRP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.97
US$20.50
+28.4%
11.5%US$24.00US$16.00n/a6
Oct ’25US$16.05
US$20.50
+27.7%
11.5%US$24.00US$16.00n/a6
Sep ’25US$15.98
US$21.00
+31.4%
13.2%US$25.00US$16.00n/a6
Aug ’25US$15.97
US$20.83
+30.5%
12.8%US$25.00US$16.00n/a6
Jul ’25US$16.53
US$20.50
+24.0%
12.8%US$25.00US$16.00n/a6
Jun ’25US$16.78
US$21.40
+27.5%
8.7%US$25.00US$20.00n/a5
May ’25US$15.63
US$21.17
+35.4%
8.4%US$25.00US$20.00n/a6
Apr ’25US$15.76
US$20.71
+31.4%
10.9%US$25.00US$17.00n/a7
Mar ’25US$15.65
US$20.71
+32.4%
10.9%US$25.00US$17.00n/a7
Feb ’25US$14.98
US$21.13
+41.0%
11.7%US$26.00US$17.00n/a8
Jan ’25US$15.05
US$21.71
+44.3%
9.8%US$26.00US$19.00n/a7
Dec ’24US$15.56
US$21.71
+39.6%
9.8%US$26.00US$19.00n/a7
Nov ’24US$16.11
US$21.86
+35.7%
9.6%US$26.00US$19.00n/a7
Oct ’24US$16.00
US$22.33
+39.6%
8.4%US$26.00US$20.00US$16.056
Sep ’24US$15.71
US$21.50
+36.9%
7.9%US$24.00US$19.00US$15.986
Aug ’24US$15.71
US$21.17
+34.7%
8.4%US$24.00US$19.00US$15.976
Jul ’24US$14.71
US$21.50
+46.2%
8.8%US$24.00US$19.00US$16.536
Jun ’24US$14.95
US$21.50
+43.8%
8.8%US$24.00US$19.00US$16.786
May ’24US$16.04
US$21.50
+34.0%
8.8%US$24.00US$19.00US$15.636
Apr ’24US$15.23
US$21.83
+43.4%
9.7%US$25.00US$19.00US$15.766
Mar ’24US$15.66
US$22.80
+45.6%
7.5%US$25.00US$20.00US$15.655
Feb ’24US$16.11
US$23.40
+45.3%
3.4%US$24.00US$22.00US$14.985
Jan ’24US$16.70
US$23.83
+42.7%
5.1%US$26.00US$22.00US$15.056
Dec ’23US$17.38
US$24.33
+40.0%
5.6%US$26.00US$22.00US$15.566
Nov ’23US$19.26
US$23.67
+22.9%
5.8%US$26.00US$22.00US$16.116
Oct ’23US$16.98
US$24.17
+42.3%
5.0%US$26.00US$22.00US$16.006

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


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