Permian Basin Royalty Trust (NYSE:PBT) - Share price, News & Analysis

PBT fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	2/6

PBT Stock Overview

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States.

Risk Analysis

Earnings have declined by 24% per year over past 5 years

Dividend of 1.65% is not well covered by earnings

Permian Basin Royalty Trust Competitors

Dorchester Minerals

NasdaqGS:DMLP

US$1.1b

Sabine Royalty Trust

NYSE:SBR

US$991.2m

San Juan Basin Royalty Trust

NYSE:SJT

US$561.2m

Cross Timbers Royalty Trust

NYSE:CRT

US$109.9m

Price History & Performance

Summary of all time highs, changes and price drops for Permian Basin Royalty Trust
Historical stock prices
Current Share Price	US$16.40
52 Week High	US$16.50
52 Week Low	US$4.15
Beta	0.95
1 Month Change	18.33%
3 Month Change	36.55%
1 Year Change	290.48%
3 Year Change	173.33%
5 Year Change	67.52%
Change since IPO	167.76%

Shareholder Returns

	PBT	US Oil and Gas	US Market
7D	24.8%	1.3%	-2.7%
1Y	290.5%	52.5%	-12.9%

Return vs Industry: PBT exceeded the US Oil and Gas industry which returned 51.9% over the past year.

Return vs Market: PBT exceeded the US Market which returned -12.7% over the past year.

Price Volatility

Is PBT's price volatile compared to industry and market?
PBT volatility
PBT Average Weekly Movement	6.7%
Oil and Gas Industry Average Movement	8.5%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	3.0%

Stable Share Price: PBT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PBT's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	n/a	n/a	https://www.pbt-permian.com

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2021, the Waddell Ranch properties contained 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells.

Permian Basin Royalty Trust Fundamentals Summary

How do Permian Basin Royalty Trust's earnings and revenue compare to its market cap?
PBT fundamental statistics
Market Cap	US$764.38m
Earnings (TTM)	US$12.62m
Revenue (TTM)	US$13.77m

60.6x

P/E Ratio

55.5x

P/S Ratio

Is PBT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBT income statement (TTM)
Revenue	US$13.77m
Cost of Revenue	US$0
Gross Profit	US$13.77m
Other Expenses	US$1.15m
Earnings	US$12.62m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.27
Gross Margin	100.00%
Net Profit Margin	91.66%
Debt/Equity Ratio	0.0%

How did PBT perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

100%

Payout Ratio

Valuation

Is Permian Basin Royalty Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

60.59x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: PBT ($16.4) is trading above our estimate of fair value ($4.14)

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

Price To Earnings Ratio

PE vs Industry: PBT is poor value based on its PE Ratio (60.6x) compared to the US Oil and Gas industry average (13.4x).

PE vs Market: PBT is poor value based on its PE Ratio (60.6x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBT's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: PBT is overvalued based on its PB Ratio (2271.5x) compared to the US Oil and Gas industry average (2x).

Future Growth

How is Permian Basin Royalty Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-5.4%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Permian Basin Royalty Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Permian Basin Royalty Trust performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBT has high quality earnings.

Growing Profit Margin: PBT's current net profit margins (91.7%) are higher than last year (86.8%).

Past Earnings Growth Analysis

Earnings Trend: PBT's earnings have declined by 24% per year over the past 5 years.

Accelerating Growth: PBT's earnings growth over the past year (83.7%) exceeds its 5-year average (-24% per year).

Earnings vs Industry: PBT earnings growth over the past year (83.7%) underperformed the Oil and Gas industry 88.4%.

Return on Equity

High ROE: PBT's Return on Equity (3748.9%) is considered outstanding.

Financial Health

How is Permian Basin Royalty Trust's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: PBT's short term assets ($2.0M) exceed its short term liabilities ($902.7K).

Long Term Liabilities: PBT's short term assets ($2.0M) exceed its long term liabilities ($1.1M).

Debt to Equity History and Analysis

Debt Level: PBT is debt free.

Reducing Debt: PBT has not had any debt for past 5 years.

Debt Coverage: PBT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PBT has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Permian Basin Royalty Trust current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PBT's dividend (1.65%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: PBT's dividend (1.65%) is low compared to the top 25% of dividend payers in the US market (4.09%).

Stability and Growth of Payments

Stable Dividend: PBT's dividends per share have been stable in the past 10 years.

Growing Dividend: PBT's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (99.8%), PBT's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Permian Basin Royalty Trust has no CEO, or we have no data on them.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31