Financials Kimbell Royalty Partners, LP

Equities

KRP

US49435R1023

Integrated Oil & Gas

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
16.13 USD +0.56% Intraday chart for Kimbell Royalty Partners, LP +0.25% +7.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 399.8 308.1 636.1 1,058 1,111 1,191 - -
Enterprise Value (EV) 1 485.8 469.8 846.1 1,266 1,381 1,547 1,498 1,394
P/E ratio -4.34 x -1.63 x 26.7 x 9.71 x 16.5 x 17.5 x 14.6 x 16.3 x
Yield 9.18% 8.6% 9.68% 11.9% 11.2% 10.4% 11.2% 9.91%
Capitalization / Revenue 3.69 x 3.4 x 4.69 x 4.26 x 3.78 x 3.58 x 3.31 x 3.31 x
EV / Revenue 4.49 x 5.19 x 6.24 x 5.1 x 4.7 x 4.65 x 4.16 x 3.88 x
EV / EBITDA 6.02 x 7.13 x 7.06 x 6.82 x 6.77 x 5.73 x 5.12 x 4.55 x
EV / FCF 6.1 x -17.8 x 23.9 x 7.6 x 7.93 x 6.42 x 5.74 x 5.07 x
FCF Yield 16.4% -5.61% 4.18% 13.2% 12.6% 15.6% 17.4% 19.7%
Price to Book 0.71 x 1.19 x 1.95 x - - - - -
Nbr of stocks (in thousands) 23,520 38,948 46,666 63,332 73,851 73,851 - -
Reference price 2 17.00 7.910 13.63 16.70 15.05 16.13 16.13 16.13
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 108.2 90.48 135.6 248.1 294.1 332.9 359.9 359.6
EBITDA 1 80.63 65.88 119.9 185.6 203.9 269.8 292.5 306.8
EBIT 1 21 8.605 69.65 136.9 109.9 121.5 141.8 130.6
Operating Margin 19.4% 9.51% 51.36% 55.2% 37.36% 36.49% 39.41% 36.31%
Earnings before Tax (EBT) 1 -157.3 -257 42.51 133.5 86.77 103 123.7 122.9
Net income 1 -83.03 -167.4 22.62 111.9 60.14 78.14 94.67 104.5
Net margin -76.72% -184.96% 16.68% 45.12% 20.45% 23.47% 26.31% 29.06%
EPS 2 -3.920 -4.850 0.5100 1.720 0.9100 0.9200 1.107 0.9900
Free Cash Flow 1 79.67 -26.35 35.38 166.5 174.1 241 261 275
FCF margin 73.62% -29.12% 26.09% 67.11% 59.21% 72.39% 72.53% 76.47%
FCF Conversion (EBITDA) 98.81% - 29.52% 89.7% 85.39% 89.32% 89.24% 89.65%
FCF Conversion (Net income) - - 156.44% 148.73% 289.53% 308.43% 275.69% 263.16%
Dividend per Share 2 1.560 0.6800 1.320 1.990 1.680 1.677 1.804 1.599
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 31.79 55.68 33.75 72.71 72.92 68.67 66.92 60.75 67.2 99.2 81.13 80.94 83.21 87.64 92.62
EBITDA 1 33.03 32.77 38.4 53.49 47.52 46.16 34.13 45.02 55.77 68.99 64.85 65.85 67.91 71.6 72.27
EBIT 1 21.35 17.01 8.138 43.91 46 38.87 33.33 24.64 25.29 26.62 28.66 28.64 30.19 34.02 37.73
Operating Margin 67.15% 30.56% 24.11% 60.4% 63.08% 56.6% 49.8% 40.56% 37.63% 26.83% 35.33% 35.38% 36.28% 38.81% 40.74%
Earnings before Tax (EBT) 1 7.466 30.8 8.68 45.1 43.62 36.14 30.3 18.71 18.61 19.15 23.23 24.25 26.02 29.45 33.22
Net income 1 1.838 19.99 7.331 37.86 38.34 28.39 23.32 13.47 13.58 9.773 16.06 18.37 20.28 23.18 24.62
Net margin 5.78% 35.9% 21.72% 52.07% 52.58% 41.35% 34.85% 22.17% 20.21% 9.85% 19.8% 22.69% 24.37% 26.45% 26.58%
EPS 2 0.0400 0.4400 0.1300 0.5500 0.5900 0.4800 0.3600 0.2300 0.1900 0.1400 0.1933 0.2200 0.2333 0.2700 0.2867
Dividend per Share 2 0.3700 0.3700 0.4700 0.5500 0.4900 0.4800 0.3500 - 0.5100 0.4300 0.4101 0.4219 0.4169 0.4314 0.4800
Announcement Date 11/4/21 2/24/22 5/5/22 8/4/22 11/3/22 2/23/23 5/3/23 8/2/23 11/2/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 85.9 162 210 208 269 356 307 203
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.066 x 2.455 x 1.753 x 1.121 x 1.32 x 1.318 x 1.05 x 0.6618 x
Free Cash Flow 1 79.7 -26.4 35.4 166 174 241 261 275
ROE (net income / shareholders' equity) -28.4% -61.7% 7.69% 24% 9.44% 9.54% 11.8% 11.2%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 24.00 6.650 6.990 - - - - -
Cash Flow per Share 2 3.810 1.800 1.500 2.530 1.870 2.170 2.430 2.020
Capex 1 1.03 88.6 56.1 0.16 0.14 - - -
Capex / Sales 0.95% 97.92% 41.35% 0.07% 0.05% - - -
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
16.13 USD
Average target price
21.17 USD
Spread / Average Target
+31.23%
Consensus
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  4. Financials Kimbell Royalty Partners, LP