Company Valuation: Sabine Royalty Trust

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 411.4 607.7 1,246 989.4 944.9 999.7
Change - 47.7% 105.01% -20.59% -4.49% 5.8%
Enterprise Value (EV) 1 406.6 591.5 1,230 980 935.7 992.1
Change - 45.46% 107.89% -20.3% -4.52% 6.03%
P/E 12.4x 10.5x 10.2x 11x 11.9x 13.6x
PBR 103x 40.8x 109x 116x 109x 146x
PEG - 0.1x 0x -0.4x -1x -1.75x
Capitalization / Revenue 11.3x 9.98x 9.89x 10.5x 11.4x 12.9x
EV / Revenue 11.2x 9.71x 9.76x 10.4x 11.3x 12.8x
EV / EBITDA - - - - - -
EV / EBIT 12.1x 10.2x 9.99x 10.8x 11.7x 13.4x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 2.397 3.218 8.654 6.385 5.46 5.164
Rate of return 8.49% 7.72% 10.1% 9.41% 8.42% 7.53%
EPS 2 2.285 3.968 8.416 6.19 5.463 5.038
Distribution rate 105% 81.1% 103% 103% 100% 103%
Net sales 1 36.36 60.91 126 93.82 83.17 77.53
EBITDA - - - - - -
EBIT 1 33.66 58.25 123.1 90.89 80.22 73.89
Net income 1 33.31 57.86 122.7 90.25 79.64 73.44
Net Debt 1 -4.793 -16.19 -16.17 -9.342 -9.17 -7.574
Reference price 2 28.22 41.68 85.45 67.86 64.81 68.57
Nbr of stocks (in thousands) 14,579 14,579 14,579 14,579 14,579 14,579
Announcement Date 3/26/21 3/25/22 2/28/23 2/29/24 2/27/25 2/27/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.06B
10.71x2.08x4.99x3.1% 133B
10.88x3.02x5.61x4.22% 86.96B
7.62x2.59x4.36x3.08% 71.43B
7.02x2.37x3.86x1.94% 52.61B
11.25x3.41x4.77x2.36% 51.59B
8.47x1.28x4.43x2.29% 49.45B
9.28x2.28x4.45x2.78% 48.71B
10.45x3x4.45x7.27% 38.41B
5.9x1.56x3.64x5.35% 32.23B
Average 9.06x 2.40x 4.50x 3.6% 56.53B
Weighted average by Cap. 9.44x 2.42x 4.67x 3.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

  1. Stock Market
  2. Stocks
  3. SBR Stock
  4. Valuation Sabine Royalty Trust