Permian Basin Royalty Trust (NYSE: PBT)

Sector: Energy Industry: Oil & Gas Midstream CIK: 0000319654
Market Cap 791.86 Mn
P/B 4,875.27
P/E 51.79
P/S 45.82
ROIC (Qtr) 9,401.83
Div Yield % 1.89
Rev 1y % (Qtr) -14.00
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

No data available.

Bear case

  • R&D investment of 0 represents just 0x of SG&A expenses of 1.98M, indicating potential underinvestment in innovation relative to administrative overhead.

Peer comparison

Companies in the Oil & Gas Midstream
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ENB Enbridge Inc 100.05 Bn 24.60 2.15 75.15 Bn
2 WMB Williams Companies, Inc. 73.60 Bn 31.09 6.40 27.99 Bn
3 EPD Enterprise Products Partners L.P. 69.94 Bn 12.09 1.32 33.58 Bn
4 KMI Kinder Morgan, Inc. 60.62 Bn 22.23 3.69 32.58 Bn
5 ET Energy Transfer LP 58.05 Bn 13.46 0.73 63.97 Bn
6 TRP Tc Energy Corp 55.97 Bn 22.78 5.27 44.47 Bn
7 MPLX Mplx Lp 54.03 Bn 11.23 4.22 25.92 Bn
8 OKE Oneok Inc /New/ 44.55 Bn 13.34 1.41 33.73 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 118.72 3.39
EV to Cash from Ops. EV to Cash from Ops. 0.00 7.77
EV to Debt EV to Debt 0.00 -68.56
EV to EBIT EV/EBIT 51.68 12.77
EV to EBITDA EV to EBITDA 0.00 7.47
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 13.20
EV to Market Cap EV to Market Cap 1.00 2.49
EV to Revenue EV/Rev 45.72 4.48
Price to Book Value [P/B] P/B 4,875.27 94.01
Price to Earnings [P/E] P/E 51.79 12.31
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -3.60
Dividend Payout Ratio % Div Payout % (Qtr) 96.40 72.05
Dividend per Basic Share Div per Share (Qtr) 0.32 1.46
FCF Dividend Payout Ratio % FCF Dividend Payout Ratio % 0.00 32.66
Interest Coverage Interest Coverage 0.00 5.11
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -17.97
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 74.02 16,113.89
Dividend Growth (1y) % Div 1y % (Qtr) -58.43 -1.32
EBIAT Growth (1y) % EBIAT 1y % (Qtr) -57.83 -5.21
EBITDA Growth (1y) % EBITDA Growth (1y) % 0.00 -4.54
EBIT Growth (1y) % EBIT 1y % (Qtr) -57.83 -11.94
EBT Growth (1y) % EBT 1y % (Qtr) -57.83 -230.00
EPS Growth (1y) % EPS 1y % (Qtr) -56.41 -44.55
FCF Growth (1y) % FCF Growth (1y) % 0.00 -0.80
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) -54.27 -1.23
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 2.60 0.76
Cash Payout Ratio Cash Payout Ratio 0.00 0.21
Cash Ratio Cash Ratio 0.00 0.81
Current Ratio Current Ratio 0.00 1.65
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 1.11
Interest Cover Ratio Interest Cover Ratio 0.00 5.11
Times Interest Earned Times Interest Earned 0.00 5.11
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % 0.00 35.86
EBIT Margin % EBIT Margin % (Qtr) 88.47 27.76
EBT Margin % EBT Margin % (Qtr) 88.47 17.28
Gross Margin % Gross Margin % (Qtr) 100.00 48.56
Net Profit Margin % Net Margin % (Qtr) 88.50 15.36