LB Stock Analysis: LandBridge | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 6.752m USD | 12M Return: 73.5% | US5149521008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 27.4M
Qual. Beats: 0
Rev. Trend: 98.6%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 2.1 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: 46.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 4.30 > 1.0 |
| NWC/Revenue: 27.08% < 20% (prev 21.59%; Δ 5.49% < -1%) |
| CFO/TA 0.11 > 3% & CFO 155.5m > Net Income 46.3m |
| Net Debt (495.9m) to EBITDA (149.1m): 3.33 < 3 |
| Current Ratio: 7.27 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.8m) vs 12m ago -63.56% < -2% |
| Gross Margin: 92.40% > 18% (prev 91.96%; Δ 0.44% > 0.5%) |
| Asset Turnover: 18.45% > 50% (prev 14.67%; Δ 3.78% > 0%) |
| Interest Coverage Ratio: 3.77 > 6 (EBIT TTM 133.9m / Interest Expense TTM 35.6m) |
| A: 0.04 (Total Current Assets 70.8m - Total Current Liabilities 9.73m) / Total Assets 1.38b |
| B: 0.03 (Retained Earnings 37.5m / Total Assets 1.38b) |
| C: 0.11 (EBIT TTM 133.9m / Avg Total Assets 1.22b) |
| D: 0.65 (Book Value of Equity 355.5m / Total Liabilities 545.5m) |
| Altman-Z'' = 1.80 = BBB |
| DSRI: 0.93 (Receivables 27.5m/20.6m, Revenue 225.5m/156.5m) |
| GMI: 1.00 (GM 91.96% / 92.40%) |
| AQI: 1.59 (AQ_t 0.16 / AQ_t-1 0.10) |
| SGI: 1.44 (Revenue 225.5m / 156.5m) |
| TATA: -0.08 (NI 46.3m - CFO 155.5m) / TA 1.38b) |
| Beneish M = -2.43 (Cap -4..+1) = BBB |
As of August 28, 2026, the stock is trading at USD 89.22 with a total of 168,905 shares traded. Over the past week, the price has changed by +2.66%, over one month by +18.52%, over three months by +23.85% and over the past year by +73.47%.
Current recommended Stop Loss: 83.70 (which is 6.2% or 1.3 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 | 83.6 | -6.3% |
P/E Trailing = 73.1345
P/E Forward = 21.5983
P/S = 29.9484
P/B = 6.5672
Revenue TTM = 225.5m USD
EBIT TTM = 133.9m USD
EBITDA TTM = 149.1m USD
Long Term Debt = 535.5m USD (from longTermDebt, last quarter)
Short Term Debt = 194k USD (from shortTermDebt, last quarter)
Debt = 535.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 495.9m USD (calculated: Debt 535.7m - CCE 39.8m)
Enterprise Value = 7.25b USD (6.75b + Debt 535.7m - CCE 39.8m)
Interest Coverage Ratio = 3.77 (Ebit TTM 133.9m / Interest Expense TTM 35.6m)
EV/FCF = 42.62x (Enterprise Value 7.25b / FCF TTM 170.0m)
FCF Yield = 2.35% (FCF TTM 170.0m / Enterprise Value 7.25b)
FCF Margin = 75.42% (FCF TTM 170.0m / Revenue TTM 225.5m)
Net Margin = 20.54% (Net Income TTM 46.3m / Revenue TTM 225.5m)
Gross Margin = 92.40% ((Revenue TTM 225.5m - Cost of Revenue TTM 17.1m) / Revenue TTM)
Gross Margin QoQ = none% (prev 88.06%)
Tobins Q-Ratio = 5.26 (Enterprise Value 7.25b / Total Assets 1.38b)
Interest Expense / Debt = 6.64% (Interest Expense 35.6m / Debt 535.7m)
Taxrate = 11.19% (11.0m / 98.4m)
NOPAT = 119.0m (EBIT 133.9m * (1 - 11.19%))
Current Ratio = 7.27 (Total Current Assets 70.8m / Total Current Liabilities 9.73m)
Debt / Equity = 1.51 (Debt 535.7m / totalStockholderEquity, last quarter 355.5m)
Debt / EBITDA = 3.33 (Net Debt 495.9m / EBITDA 149.1m)
Debt / FCF = 2.92 (Net Debt 495.9m / FCF TTM 170.0m)
Total Stockholder Equity = 345.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.79% (Net Income 46.3m / Total Assets 1.38b)
RoE = 13.42% (Net Income TTM 46.3m / Total Stockholder Equity 345.2m)
RoCE = 15.21% (EBIT 133.9m / Capital Employed (Equity 345.2m + L.T.Debt 535.5m))
RoIC = 8.77% (NOPAT 119.0m / Invested Capital 1.36b)
WACC = 9.58% (E(6.75b)/V(7.29b) * Re(9.87%) + D(535.7m)/V(7.29b) * Rd(6.64%) * (1-Tc(0.11)))
Discount Rate = 9.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -1.90 | Cagr: 33.63%
[DCF] Terminal Value 74.10% ; FCFF base≈136.3m ; Y1≈156.3m ; Y5≈230.0m
[DCF] Fair Price = 82.72 (EV 2.85b - Net Debt 495.9m = Equity 2.35b / Shares 28.4m; r=9.58% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.02 | # QB: 0
Revenue Correlation: 98.64 | Revenue CAGR: 50.06% | SUE: 1.18 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.41 | Chg30d=+0.00% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.48 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+57.5% | GrowthRev=+27.3%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=+0.00% | Revisions=+25% | GrowthEPS=+45.3% | GrowthRev=+21.5%