LB Stock Analysis: LandBridge | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 6.004m USD | 12M Return: 30.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.4M
Qual. Beats: 0
Rev. Trend: 99.5%
Warnings
Tailwinds
Seasonality 2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
LandBridge Company LLC (NYSE: LB) is a Houston-based real estate operating company that owns and manages surface land and resources in and around the Delaware Basin of Texas and New Mexico, primarily to support U.S. oil and natural gas development. Its business model combines surface acreage leasing with a portfolio of oil and gas royalties, plus the sale of brackish water and other surface materials used in oilfield operations, such as hydraulic fracturing. Founded in 2021, listed via IPO on June 28, 2024, and operating as a subsidiary of LandBridge Holdings LLC, the company is classified under GICS Real Estate despite its direct linkage to energy production activity. The Delaware Basin is a sub-basin of the Permian Basin, the most prolific oil-producing region in the United States.
- Crude oil prices directly impact royalty segment revenue
- Brackish water sales volumes track Delaware Basin drilling activity
- Capital allocation and dividends face parent company governance scrutiny
| Net Income: 41.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.55 > 1.0 |
| NWC/Revenue: 19.62% < 20% (prev 23.57%; Δ -3.96% < -1%) |
| CFO/TA 0.11 > 3% & CFO 151.5m > Net Income 41.3m |
| Net Debt (505.9m) to EBITDA (131.6m): 3.84 < 3 |
| Current Ratio: 3.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.8m) vs 12m ago -63.60% < -2% |
| Gross Margin: 90.90% > 18% (prev 91.67%; Δ -0.78% > 0.5%) |
| Asset Turnover: 17.39% > 50% (prev 13.38%; Δ 4.01% > 0%) |
| Interest Coverage Ratio: 3.45 > 6 (EBIT TTM 118.3m / Interest Expense TTM 34.3m) |
| A: 0.03 (Total Current Assets 59.3m - Total Current Liabilities 18.8m) / Total Assets 1.36b |
| B: 0.02 (Retained Earnings 28.6m / Total Assets 1.36b) |
| C: 0.10 (EBIT TTM 118.3m / Avg Total Assets 1.19b) |
| D: 0.62 (Book Value of Equity 344.5m / Total Liabilities 554.1m) |
| Altman-Z'' = 1.59 = BB |
| DSRI: 0.63 (Receivables 26.2m/27.2m, Revenue 206.1m/134.9m) |
| GMI: 1.01 (GM 91.67% / 90.90%) |
| AQI: 3.52 (AQ_t 0.16 / AQ_t-1 0.05) |
| SGI: 1.53 (Revenue 206.1m / 134.9m) |
| TATA: -0.08 (NI 41.3m - CFO 151.5m) / TA 1.36b) |
| Beneish M = -1.46 (Cap -4..+1) = D |
As of July 14, 2026, the stock is trading at USD 76.69 with a total of 124,067 shares traded. Over the past week, the price has changed by +3.99%, over one month by +10.68%, over three months by +13.86% and over the past year by +30.51%.
Current recommended Stop Loss: 66.40 (which is 13.4% or 2.5 ATR below the current price).
LandBridge has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy LB.
- StrongBuy: 2
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 80.6 | 5.1% |
P/E Trailing = 80.3711
P/E Forward = 21.5983
P/S = 29.126
P/B = 5.9599
Revenue TTM = 206.1m USD
EBIT TTM = 118.3m USD
EBITDA TTM = 131.6m USD
Long Term Debt = 535.1m USD (from longTermDebt, last quarter)
Short Term Debt = 433k USD (from shortTermDebt, last quarter)
Debt = 535.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 505.9m USD (calculated: Debt 535.5m - CCE 29.7m)
Enterprise Value = 6.51b USD (6.00b + Debt 535.5m - CCE 29.7m)
Interest Coverage Ratio = 3.45 (Ebit TTM 118.3m / Interest Expense TTM 34.3m)
EV/FCF = 39.72x (Enterprise Value 6.51b / FCF TTM 163.9m)
FCF Yield = 2.52% (FCF TTM 163.9m / Enterprise Value 6.51b)
FCF Margin = 79.51% (FCF TTM 163.9m / Revenue TTM 206.1m)
Net Margin = 20.04% (Net Income TTM 41.3m / Revenue TTM 206.1m)
Gross Margin = 90.90% ((Revenue TTM 206.1m - Cost of Revenue TTM 18.8m) / Revenue TTM)
Gross Margin QoQ = 88.06% (prev 90.22%)
Tobins Q-Ratio = 4.78 (Enterprise Value 6.51b / Total Assets 1.36b)
Interest Expense / Debt = 6.40% (Interest Expense 34.3m / Debt 535.5m)
Taxrate = 11.01% (9.25m / 84.1m)
NOPAT = 105.3m (EBIT 118.3m * (1 - 11.01%))
Current Ratio = 3.15 (Total Current Assets 59.3m / Total Current Liabilities 18.8m)
Debt / Equity = 1.55 (Debt 535.5m / totalStockholderEquity, last quarter 344.5m)
Debt / EBITDA = 3.84 (Net Debt 505.9m / EBITDA 131.6m)
Debt / FCF = 3.09 (Net Debt 505.9m / FCF TTM 163.9m)
Total Stockholder Equity = 322.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.49% (Net Income 41.3m / Total Assets 1.36b)
RoE = 12.79% (Net Income TTM 41.3m / Total Stockholder Equity 322.9m)
RoCE = 13.79% (EBIT 118.3m / Capital Employed (Equity 322.9m + L.T.Debt 535.1m))
RoIC = 7.90% (NOPAT 105.3m / Invested Capital 1.33b)
WACC = 9.68% (E(6.00b)/V(6.54b) * Re(10.03%) + D(535.5m)/V(6.54b) * Rd(6.40%) * (1-Tc(0.11)))
Discount Rate = 10.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 47.74 | Cagr: 33.63%
[DCF] Terminal Value 73.80% ; FCFF base≈124.5m ; Y1≈142.7m ; Y5≈210.0m
[DCF] Fair Price = 73.85 (EV 2.56b - Net Debt 505.9m = Equity 2.06b / Shares 27.8m; r=9.68% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.06 | # QB: 0
Revenue Correlation: 99.46 | Revenue CAGR: 65.30% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.37 | Chg30d=+12.12% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.41 | Chg30d=+17.14% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.48 | Chg30d=+8.03% | Revisions=+25% | GrowthEPS=+57.5% | GrowthRev=+23.2%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=+19.44% | Revisions=+25% | GrowthEPS=+45.3% | GrowthRev=+24.9%