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SandRidge Mississippian Trust II

NYSE:SDR
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SDR
NYSE
$46M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

SandRidge Mississippian Trust II holds royalty interests in oil and natural gas properties. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
  • SandRidge Mississippian Trust II is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
SDR Share Price and Events
7 Day Returns
-0.6%
NYSE:SDR
0.3%
US Oil and Gas
0.2%
US Market
1 Year Returns
-46.5%
NYSE:SDR
-15.4%
US Oil and Gas
2.9%
US Market
SDR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SandRidge Mississippian Trust II (SDR) -0.6% -8% -9.8% -46.5% -45.9% -88.2%
US Oil and Gas 0.3% -5.9% -0.9% -15.4% -1.6% -32.5%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • SDR underperformed the Oil and Gas industry which returned -15.4% over the past year.
  • SDR underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
SDR
Industry
5yr Volatility vs Market

SDR Value

 Is SandRidge Mississippian Trust II undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SandRidge Mississippian Trust II to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SandRidge Mississippian Trust II.

NYSE:SDR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-03-31) in USD $ .191000
Payout Ratio Company Filings (2019-03-31) 0%
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SDR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (0%))
1.143
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.143 * 5.96%)
9.54%

Discounted Cash Flow Calculation for NYSE:SDR using Dividend Discount Model Model

The calculations below outline how an intrinsic value for SandRidge Mississippian Trust II is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:SDR Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.19 / (9.54% - 2.73%)
$2.8
NYSE:SDR Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.80
Current discount Discount to share price of $0.92
= -1 x ($0.92 - $2.80) / $2.80
67.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SandRidge Mississippian Trust II is available for.
Intrinsic value
>50%
Share price is $0.92 vs Future cash flow value of $2.8
Current Discount Checks
For SandRidge Mississippian Trust II to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SandRidge Mississippian Trust II's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SandRidge Mississippian Trust II's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SandRidge Mississippian Trust II's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SandRidge Mississippian Trust II's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SDR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.19
NYSE:SDR Share Price ** NYSE (2019-05-22) in USD $0.92
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 13.71x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SandRidge Mississippian Trust II.

NYSE:SDR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SDR Share Price ÷ EPS (both in USD)

= 0.92 ÷ 0.19

4.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SandRidge Mississippian Trust II is good value based on earnings compared to the US Oil and Gas industry average.
  • SandRidge Mississippian Trust II is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SandRidge Mississippian Trust II's expected growth come at a high price?
Raw Data
NYSE:SDR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.49x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SandRidge Mississippian Trust II, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SandRidge Mississippian Trust II's assets?
Raw Data
NYSE:SDR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.82
NYSE:SDR Share Price * NYSE (2019-05-22) in USD $0.92
United States of America Oil and Gas Industry PB Ratio Median Figure of 195 Publicly-Listed Oil and Gas Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NYSE:SDR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SDR Share Price ÷ Book Value per Share (both in USD)

= 0.92 ÷ 0.82

1.12x

* Primary Listing of SandRidge Mississippian Trust II.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SandRidge Mississippian Trust II is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess SandRidge Mississippian Trust II's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. SandRidge Mississippian Trust II has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SDR Future Performance

 How is SandRidge Mississippian Trust II expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 SandRidge Mississippian Trust II 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SandRidge Mississippian Trust II expected to grow at an attractive rate?
  • Unable to compare SandRidge Mississippian Trust II's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SandRidge Mississippian Trust II's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare SandRidge Mississippian Trust II's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:SDR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SDR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SDR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 13 10
2018-12-31 14 10
2018-09-30 14 10
2018-06-30 14 11
2018-03-31 15 11
2017-12-31 15 12
2017-09-30 15 12
2017-06-30 16 12
2017-03-31 15 12
2016-12-31 16 16
2016-09-30 19 22
2016-06-30 23 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SandRidge Mississippian Trust II is high growth as no earnings estimate data is available.
  • Unable to determine if SandRidge Mississippian Trust II is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SDR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SandRidge Mississippian Trust II Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SDR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.19
2018-12-31 0.21
2018-09-30 0.21
2018-06-30 0.22
2018-03-31 0.23
2017-12-31 0.23
2017-09-30 0.21
2017-06-30 0.24
2017-03-31 0.25
2016-12-31 0.32
2016-09-30 0.51
2016-06-30 0.57

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SandRidge Mississippian Trust II will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether SandRidge Mississippian Trust II is trading at SandRidge Mississippian Trust II'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. SandRidge Mississippian Trust II's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. SandRidge Mississippian Trust II's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SandRidge Mississippian Trust II's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SandRidge Mississippian Trust II has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SDR Past Performance

  How has SandRidge Mississippian Trust II performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SandRidge Mississippian Trust II's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SandRidge Mississippian Trust II's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SandRidge Mississippian Trust II's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SandRidge Mississippian Trust II's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
SandRidge Mississippian Trust II's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SandRidge Mississippian Trust II Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SDR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 12.97 9.55 1.14
2018-12-31 13.74 10.32 1.27
2018-09-30 13.83 10.49 1.16
2018-06-30 14.01 10.70 1.16
2018-03-31 14.70 11.39 1.38
2017-12-31 14.90 11.60 1.36
2017-09-30 15.35 11.90 1.38
2017-06-30 15.52 12.05 1.53
2017-03-31 14.77 12.38 1.51
2016-12-31 15.64 16.10 1.65
2016-09-30 18.61 21.53 1.75
2016-06-30 23.08 28.28 1.55
2016-03-31 27.45 34.20 1.77
2015-12-31 35.33 42.34 1.75
2015-09-30 44.82 49.35 1.50
2015-06-30 56.63 58.00 1.56
2015-03-31 70.16 68.89 1.46
2014-12-31 81.95 78.39 1.27
2014-09-30 93.40 88.97 1.53
2014-06-30 106.52 104.87 1.60
2014-03-31 111.36 111.50 1.32
2013-12-31 111.31 113.87 1.48
2013-09-30 110.57 117.10 1.29
2013-06-30 102.54 109.15 1.22
2013-03-31 91.78 95.25 1.52
2012-12-31 67.32 68.42 0.92
2012-09-30 61.43 60.02 1.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SandRidge Mississippian Trust II has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SandRidge Mississippian Trust II used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Unable to establish if SandRidge Mississippian Trust II improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess SandRidge Mississippian Trust II's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SandRidge Mississippian Trust II has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SDR Health

 How is SandRidge Mississippian Trust II's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SandRidge Mississippian Trust II's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unable to compare short term assets to short term liabilities as SandRidge Mississippian Trust II has not reported sufficient balance sheet data.
  • SandRidge Mississippian Trust II has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SandRidge Mississippian Trust II's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • SandRidge Mississippian Trust II has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SandRidge Mississippian Trust II Company Filings, last reported 1 month ago.

NYSE:SDR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 40.73 0.00 2.36
2018-12-31 42.15 0.00 2.27
2018-09-30 43.75 0.00 2.32
2018-06-30 44.65 0.00 2.13
2018-03-31 45.55 0.00 1.85
2017-12-31 46.83 0.00 1.98
2017-09-30 48.18 0.00 2.06
2017-06-30 49.23 0.00 1.88
2017-03-31 50.54 0.00 1.86
2016-12-31 121.96 0.00 1.95
2016-09-30 125.61 0.00 1.91
2016-06-30 129.81 0.00 1.95
2016-03-31 132.90 0.00 2.01
2015-12-31 135.88 0.00 2.15
2015-09-30 138.70 0.00 2.24
2015-06-30 350.18 0.00 1.95
2015-03-31 358.98 0.00 3.34
2014-12-31 364.93 0.00 2.57
2014-09-30 371.57 0.00 2.23
2014-06-30 379.72 0.00 2.10
2014-03-31 388.45 0.00 2.60
2013-12-31 396.57 0.00 2.24
2013-09-30 406.03 0.00 2.66
2013-06-30 417.28 0.00 2.29
2013-03-31 428.98 0.00 2.42
2012-12-31 438.01 0.00 2.13
2012-09-30 447.42 0.00 2.62
  • SandRidge Mississippian Trust II has no debt.
  • SandRidge Mississippian Trust II has not taken on any debt in the past 5 years.
  • SandRidge Mississippian Trust II has no debt, it does not need to be covered by operating cash flow.
  • SandRidge Mississippian Trust II has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess SandRidge Mississippian Trust II's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SandRidge Mississippian Trust II has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SDR Dividends

 What is SandRidge Mississippian Trust II's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
20.76%
Current annual income from SandRidge Mississippian Trust II dividends.
If you bought $2,000 of SandRidge Mississippian Trust II shares you are expected to receive $415 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SandRidge Mississippian Trust II's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • SandRidge Mississippian Trust II's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SDR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SDR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-24 0.191 19.058
2018-01-25 0.229 19.332
2017-03-16 0.274 21.228
2016-07-28 0.212 14.334
2016-04-28 0.404 22.542
2016-01-28 0.732 39.579
2015-10-29 0.892 46.587
2015-07-30 1.004 35.359
2015-05-11 1.160 28.304
2015-04-30 1.160 23.326
2015-03-13 1.822 39.824
2014-03-14 2.345 39.708
2013-03-15 1.896 16.763
2012-11-01 2.395 14.852
2012-07-26 1.989 9.739
2012-04-30 1.071 5.327

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SandRidge Mississippian Trust II has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • SandRidge Mississippian Trust II has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of SandRidge Mississippian Trust II's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SandRidge Mississippian Trust II's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SandRidge Mississippian Trust II afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SandRidge Mississippian Trust II has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SDR Management

 What is the CEO of SandRidge Mississippian Trust II's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • SandRidge Mississippian Trust II has no CEO, or we have no data on them.
Management Team
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SandRidge Mississippian Trust II's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SandRidge Mississippian Trust II has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SDR News

Simply Wall St News

Is SandRidge Mississippian Trust II's (NYSE:SDR) 25.01% ROE Strong Compared To Its Industry?

and want a simplistic look at the return on SandRidge Mississippian Trust II (NYSE:SDR) stock. … SandRidge Mississippian Trust II (NYSE:SDR) delivered an ROE of 25.01% over the past 12 months, which is an impressive feat relative to its industry average of 11.31% during the same period. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden

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SandRidge Mississippian Trust II (NYSE:SDR): Does The Earnings Decline Make It An Underperformer?

Assessing SandRidge Mississippian Trust II's (NYSE:SDR) past track record of performance is a useful exercise for investors. … For SandRidge Mississippian Trust II, its latest earnings (trailing twelve month) is US$11.39M, which, in comparison to the previous year's level, has declined by -7.99%. … SandRidge Mississippian Trust II's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Should You Be Tempted To Buy SandRidge Mississippian Trust II (NYSE:SDR) Because Of Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SDR Price per share = $1.52 Earnings per share = $0.229 ∴ Price-Earnings Ratio = $1.52 ÷ $0.229 = 6.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … SDR’s P/E of 6.6x is lower than its industry peers (14.4x), which implies that each dollar of SDR’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with SDR, then SDR’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Cheap Energy Stocks To Invest In

Energy stocks, such as SandRidge Mississippian Trust II, trading at a market price below their true values are considered to be undervalued. … SandRidge Mississippian Trust II was founded in 2011 and with the company's market capitalisation at USD $52.71M, we can put it in the small-cap stocks category. … Chesapeake Granite Wash Trust was established in 2011 and with the company's market cap sitting at USD $67.59M, it falls under the small-cap group.

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How Did Sandridge Mississippian Trust II's (NYSE:SDR) 24.77% ROE Fare Against The Industry?

Sandridge Mississippian Trust II’s cost of equity is 10.29%. … Since Sandridge Mississippian Trust II’s return covers its cost in excess of 14.48%, its use of equity capital is efficient and likely to be sustainable. … Sandridge Mississippian Trust II’s ROE is impressive relative to the industry average and also covers its cost of equity.

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Top 3 Undervalued Energy Stocks For The Month

Undervalued energy companies, such as Sandridge Mississippian Trust II and Chesapeake Granite Wash Trust, trade at a price less than their true values. … Chesapeake Granite Wash Trust was started in 2011 and with the market cap of USD $70.13M, it falls under the small-cap stocks category. … More detail on Chesapeake Granite Wash Trust here.

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All You Need To Know About Sandridge Mississippian Trust II's (NYSE:SDR) Risks

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … See our latest analysis for Sandridge Mississippian Trust II An interpretation of SDR's beta With a beta of 1.04, Sandridge Mississippian Trust II is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … SDR, with its market capitalisation of US$48.73M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Is Sandridge Mississippian Trust II's (NYSE:SDR) PE Ratio A Signal To Buy For Investors?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SDR Price per share = $1.06 Earnings per share = $0.206 ∴ Price-Earnings Ratio = $1.06 ÷ $0.206 = 5.1x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Since SDR's P/E of 5.1x is lower than its industry peers (14.3x), it means that investors are paying less than they should for each dollar of SDR's earnings.

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Does Sandridge Mississippian Trust II's (NYSE:SDR) -44.72% Earnings Decline Reflect A Long-Term Trend?

Measuring Sandridge Mississippian Trust II's (NYSE:SDR) track record of past performance is a useful exercise for investors. … See our latest analysis for Sandridge Mississippian Trust II Despite a decline, did SDR underperform the long-term trend and the industry? … This means in the recent industry expansion, Sandridge Mississippian Trust II has not been able to reap as much as its average peer.What does this mean?

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Can Sandridge Mississippian Trust II (SDR) Continue To Outperform Its Industry?

Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … Since SDR’s return covers its cost in excess of 4.10%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:SDR Last Perf Dec 9th 17 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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SDR Company Info

Description

SandRidge Mississippian Trust II holds royalty interests in oil and natural gas properties. The company’s properties are located in the Mississippian formation in Alfalfa, Grant, Kay, Noble, and Woods counties in northern Oklahoma and Barber; and Comanche, Harper, and Sumner counties in southern Kansas. As of December 31, 2018, its properties consisted of royalty interests in the initial wells and 173 additional wells. The company was founded in 2011 and is based in Houston, Texas.

Details
Name: SandRidge Mississippian Trust II
SDR
Exchange: NYSE
Founded: 2011
$45,747,000
49,725,000
Website: http://
Address: SandRidge Mississippian Trust II
601 Travis Street,
16th Floor,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SDR Common Units New York Stock Exchange US USD 18. Apr 2012
Number of employees
Current staff
Staff numbers
0
SandRidge Mississippian Trust II employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 06:13
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.