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SBR

Sabine Royalty Trust NYSE:SBR Stock Report

Last Price

US$63.08

Market Cap

US$919.7m

7D

0.6%

1Y

54.0%

Updated

04 Jul, 2022

Data

Company Financials
SBR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends4/6

SBR Stock Overview

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States.

Sabine Royalty Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sabine Royalty Trust
Historical stock prices
Current Share PriceUS$63.08
52 Week HighUS$90.73
52 Week LowUS$37.00
Beta0.41
1 Month Change-22.16%
3 Month Change5.91%
1 Year Change53.97%
3 Year Change34.24%
5 Year Change67.10%
Change since IPO394.75%

Recent News & Updates

Apr 25

Sabine Royalty Trust: Leveraging Energy And Inflation

SBR has gained over 85% in the previous 1 year and over 50% YTD on the back of rising oil & gas prices. The trust offers good dividends that are aligned with inflationary pressures and are sustainable with the fuel price projections. Russia Ukraine crisis is putting inflationary pressure on the US, as well as increasing oil & gas prices. I rate the stock a buy because it stands to benefit from rising inflation and oil & gas prices while distributing solid payments.

Shareholder Returns

SBRUS Oil and GasUS Market
7D0.6%0.9%-2.2%
1Y54.0%28.8%-21.2%

Return vs Industry: SBR exceeded the US Oil and Gas industry which returned 28.8% over the past year.

Return vs Market: SBR exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is SBR's price volatile compared to industry and market?
SBR volatility
SBR Average Weekly Movement7.5%
Oil and Gas Industry Average Movement8.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: SBR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SBR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1982n/an/ahttps://www.sbr-sabine.com

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. The company’s royalty and mineral interests include landowner’s royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Sabine Royalty Trust was founded in 1982 and is based in Dallas, Texas.

Sabine Royalty Trust Fundamentals Summary

How do Sabine Royalty Trust's earnings and revenue compare to its market cap?
SBR fundamental statistics
Market CapUS$919.67m
Earnings (TTM)US$71.91m
Revenue (TTM)US$75.10m

12.8x

P/E Ratio

12.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBR income statement (TTM)
RevenueUS$75.10m
Cost of RevenueUS$0
Gross ProfitUS$75.10m
Other ExpensesUS$3.19m
EarningsUS$71.91m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.93
Gross Margin100.00%
Net Profit Margin95.76%
Debt/Equity Ratio0.0%

How did SBR perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

89%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SBR 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/Revenue12x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

SBR PE Ratio vs Peers
The above table shows the PE ratio for SBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
DMLP Dorchester Minerals
10.7xn/aUS$917.5m
GPRK GeoPark
7.3x-9.3%US$744.2m
ROCC Ranger Oil
15.6x10.0%US$1.4b
LPI Laredo Petroleum
8.7x29.5%US$1.2b
SBR Sabine Royalty Trust
12.8xn/aUS$919.7m

Price-To-Earnings vs Peers: SBR is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: SBR is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the US Oil and Gas industry average (11.8x)


Price to Earnings Ratio vs Fair Ratio

What is SBR'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.

SBR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SBR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SBR ($63.08) is trading below our estimate of fair value ($87.41)

Significantly Below Fair Value: SBR is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Sabine 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


-7.6%

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 Sabine 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.


Discover growth companies

Past Performance

How has Sabine Royalty Trust performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SBR has high quality earnings.

Growing Profit Margin: SBR's current net profit margins (95.8%) are higher than last year (91.6%).


Past Earnings Growth Analysis

Earnings Trend: SBR's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: SBR's earnings growth over the past year (125.7%) exceeds its 5-year average (7% per year).

Earnings vs Industry: SBR earnings growth over the past year (125.7%) exceeded the Oil and Gas industry 102.2%.


Return on Equity

High ROE: SBR's Return on Equity (558.9%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Sabine 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: SBR's short term assets ($15.4M) exceed its short term liabilities ($384.6K).

Long Term Liabilities: SBR's short term assets ($15.4M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: SBR is debt free.

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

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

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


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SBR's dividend (8.99%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: SBR's dividend (8.99%) is in the top 25% of dividend payers in the US market (4.25%)


Stability and Growth of Payments

Stable Dividend: SBR's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBR's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (89.3%), SBR's payments are 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

Sabine 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.


Top Shareholders

Company Information

Sabine Royalty Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Sabine Royalty Trust
  • Ticker: SBR
  • Exchange: NYSE
  • Founded: 1982
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$919.665m
  • Shares outstanding: 14.58m
  • Website: https://www.sbr-sabine.com

Location

  • Sabine Royalty Trust
  • Simmons Bank
  • Suite 850
  • Dallas
  • Texas
  • 75219
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.