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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.05B
12.19x2.42x5.27x2.52% 161B
11.94x3.27x6.24x3.52% 102B
8.65x2.6x4.51x2.79% 77.71B
17.82x4.1x10.9x5.45% 68.5B
7.46x2.53x3.98x1.74% 60.09B
8.52x1.41x4.45x1.95% 57.84B
8.94x2.5x4.88x2.3% 55.49B
11.44x3.38x4.83x2.27% 53.8B
12.19x3.26x4.93x6.25% 42.88B
Average 11.02x 2.83x 5.56x 3.2% 68.08B
Weighted average by Cap. 11.26x 2.80x 5.62x 3.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Sabine Royalty Trust

Historical PBR trend

Valuation ratios - PBR - Sabine Royalty Trust

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Sabine Royalty Trust

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Sabine Royalty Trust

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