Company Valuation: PermRock Royalty Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 31.75 85.16 93.8 53.77 42.82 33.94
Change - 168.2% 10.14% -42.67% -20.36% -20.74%
Enterprise Value (EV) 1 30.57 83.31 91.82 52.4 41.21 32.74
Change - 172.51% 10.21% -42.92% -21.36% -20.55%
P/E 16.6x 11.6x 7.62x 8.59x 8.3x 7.2x
PBR 0.36x 1x 1.16x 0.7x 0.58x 1.23x
PEG - 0x 0.1x -0.2x -0.5x -0.83x
Capitalization / Revenue 9.96x 10.5x 7.12x 7.48x 7.12x 6.05x
EV / Revenue 9.59x 10.2x 6.97x 7.29x 6.85x 5.84x
EV / EBITDA - - - - - -
EV / EBIT 13.2x 11.3x 7.46x 8.37x 7.98x 6.95x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 0.157 0.6059 1.011 0.5147 0.4243 0.3874
Rate of return 6.02% 8.66% 13.1% 11.6% 12.1% 13.9%
EPS 2 0.157 0.6059 1.011 0.5147 0.4243 0.3874
Distribution rate 100% 100% 100% 100% 100% 100%
Net sales 1 3.188 8.145 13.18 7.186 6.018 5.607
EBITDA - - - - - -
EBIT 1 2.31 7.371 12.3 6.262 5.161 4.713
Net income 1 1.91 7.371 12.3 6.262 5.161 4.713
Net Debt 1 -1.181 -1.85 -1.982 -1.369 -1.612 -1.2
Reference price 2 2.610 7.000 7.710 4.420 3.520 2.790
Nbr of stocks (in thousands) 12,166 12,166 12,166 12,166 12,166 12,166
Announcement Date 3/31/21 3/31/22 3/31/23 4/1/24 3/28/25 3/27/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 26.89M
12.48x2.39x5.46x2.56% 159B
12.45x3.31x6.32x3.58% 103B
8.63x2.63x4.6x2.85% 76.04B
7.71x2.54x4.04x1.7% 60.16B
9.92x1.43x4.71x1.95% 59.22B
12.09x3.63x5.15x2.17% 56.14B
9.46x2.59x5.03x2.29% 55.78B
12.39x3.44x5.17x5.68% 44.14B
12.74x4.12x6.06x1.22% 33.89B
Average 10.87x 2.90x 5.17x 2.67% 64.79B
Weighted average by Cap. 11.06x 2.78x 5.24x 2.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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