(SBR) Sabine Royalty Trust - Overview
Stock: Oil, Gas, Royalties, Minerals
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.29% |
| Yield on Cost 5y | 23.90% |
| Yield CAGR 5y | 12.55% |
| Payout Consistency | 89.1% |
| Payout Ratio | 29.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 24.1% |
| Relative Tail Risk | -4.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.40 |
| Alpha | -1.74 |
| Character TTM | |
|---|---|
| Beta | 0.558 |
| Beta Downside | 0.724 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.25% |
| CAGR/Max DD | 0.06 |
Description: SBR Sabine Royalty Trust January 20, 2026
Sabine Royalty Trust (NYSE:SBR) is a Dallas-based entity that owns non-participatory interests-such as landowner royalties, overriding royalties, mineral rights, and production payments-in a portfolio of producing and proved undeveloped oil and gas assets across six Gulf-Coast and Southwest states (FL, LA, MS, NM, OK, TX). These interests generate cash flow without operational risk, as the trust does not bear exploration or drilling costs.
As of the most recent filing, SBR distributes a quarterly dividend yielding roughly 9%–10% on a trailing-12-month basis, supported by an average monthly cash distribution of about $0.30 per share. The trust’s cash flow is highly sensitive to WTI crude prices, which have averaged $78 /bbl over the past 12 months, and to production trends in the U.S. shale sector, where output grew ~2% YoY in Q4 2023. A key risk is the finite life of the underlying assets; without new acquisitions, royalty income will decline as wells deplete.
For a deeper dive into SBR’s cash-flow sustainability and how its royalty structure compares to peers, you might find ValueRay’s analytical tools useful.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 79.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 4.33 > 0.02 and ΔFCF/TA -74.09 > 1.0 |
| NWC/Revenue: 9.01% < 20% (prev 8.69%; Δ 0.32% < -1%) |
| CFO/TA 21.25 > 3% & CFO 176.2m > Net Income 79.3m |
| Net Debt (-9.17m) to EBITDA (78.9m): -0.12 < 3 |
| Current Ratio: 10.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (14.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 100.2% > 18% (prev 1.0%; Δ 9915 % > 0.5%) |
| Asset Turnover: 973.3% > 50% (prev 1112 %; Δ -138.3% > 0%) |
| Interest Coverage Ratio: -367.3 > 6 (EBITDA TTM 78.9m / Interest Expense TTM -215.2k) |
What is the price of SBR shares?
Over the past week, the price has changed by -2.54%, over one month by +4.31%, over three months by -5.56% and over the past year by +11.53%.
Is SBR a buy, sell or hold?
What are the forecasts/targets for the SBR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32.5 | -53.3% |
| Analysts Target Price | 32.5 | -53.3% |
| ValueRay Target Price | 73.8 | 6.1% |
SBR Fundamental Data Overview February 03, 2026
P/S = 12.47
P/B = 138.6323
Revenue TTM = 82.9m USD
EBIT TTM = 79.0m USD
EBITDA TTM = 78.9m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -9.17m USD (from netDebt column, last fiscal year)
Enterprise Value = 1.03b USD (1.04b + (null Debt) - CCE 8.22m)
Interest Coverage Ratio = -367.3 (Ebit TTM 79.0m / Interest Expense TTM -215.2k)
EV/FCF = 28.73x (Enterprise Value 1.03b / FCF TTM 35.9m)
FCF Yield = 3.48% (FCF TTM 35.9m / Enterprise Value 1.03b)
FCF Margin = 43.33% (FCF TTM 35.9m / Revenue TTM 82.9m)
Net Margin = 95.59% (Net Income TTM 79.3m / Revenue TTM 82.9m)
Gross Margin = 100.2% ((Revenue TTM 82.9m - Cost of Revenue TTM -128.3k) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 100.0%)
Tobins Q-Ratio = 124.5 (set to none) (Enterprise Value 1.03b / Total Assets 8.29m)
Interest Expense / Debt = unknown (Interest Expense 123.4k / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 62.4m (EBIT 79.0m * (1 - 21.00%))
Current Ratio = 10.92 (Total Current Assets 8.22m / Total Current Liabilities 752.8k)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = -0.12 (Net Debt -9.17m / EBITDA 78.9m)
Debt / FCF = -0.26 (Net Debt -9.17m / FCF TTM 35.9m)
Total Stockholder Equity = 8.24m (last 4 quarters mean from totalStockholderEquity)
RoA = 930.4% (Net Income 79.3m / Total Assets 8.29m)
RoE = 961.7% (Net Income TTM 79.3m / Total Stockholder Equity 8.24m)
RoCE = 1048 % (out of range, set to none) (EBIT 79.0m / Capital Employed (Total Assets 8.29m - Current Liab 752.8k))
RoIC = -11.6k% (out of range, set to none) (EBIT 79.0m / (Assets 8.29m - Curr.Liab 752.8k - Cash 8.22m))
WACC = 7.97% (E(1.04b)/V(1.04b) * Re(7.97%) + (debt-free company))
Discount Rate = 7.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 0.0 | Cagr: 0.0%
[DCF Debug] Terminal Value 81.36% ; FCFF base≈39.3m ; Y1≈48.5m ; Y5≈82.6m
Fair Price DCF = 96.93 (EV 1.40b - Net Debt -9.17m = Equity 1.41b / Shares 14.6m; r=7.97% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -58.83 | EPS CAGR: -48.42% | SUE: 0.0 | # QB: 0
Revenue Correlation: -40.41 | Revenue CAGR: 1.97% | SUE: N/A | # QB: 0