LandBridge Company LLC

LandBridge Company LLC

LB·NYSE

$75.92

-0.33%
EnergyOil & Gas Equipment & Services

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.

At a Glance

Live Snapshot
Market Cap$5.85B
EPS1.1800
P/E Ratio64.34
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 64.3).

Valuation inputs: P/E 64.3, earnings yield +1.6%, momentum -0.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +8.8%, ROIC +7.8%).

Profitability stack: net margin +15.1%, ROE +8.8%, ROIC +7.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +41.9%, momentum -0.3%, net margin +15.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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LandBridge Company LLC Market vs Earnings Trajectory

LB · NYSE

Loading price and EPS data...

LandBridge Company LLC

LandBridge Company LLC Fair Value Envelope

LB · NYSE

Our analysis suggests that LB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $75.92, this represents a potential HIDDEN relative to our calculated worth for LandBridge Company LLC.

Intrinsic Value
Current Price: $75.92
3Y-73.0%
5Y-368.0%
10Y-368.0%
3Y+173.0%
5Y+285.0%
10Y+285.0%
3Y-52.0%
5Y-574.0%
10Y-574.0%
3Y+138.0%
5Y+516.0%
10Y+516.0%
3Y+143.0%
5Y+609.0%
10Y+609.0%
3Y+373.0%
5Y+395.0%
10Y+395.0%
LandBridge Company LLC

LandBridge Company LLC Profit Bridge

LB · NYSE
Revenue199.09M
Cost of Goods Sold (18.01M)
Gross Profit181.08M
Operating Expenses (62.45M)
Operating Income118.50M
Interest Expense (32.71M)
Other Income/Expense-37.03M
Pretax Income81.47M
Income Tax (9.07M)
Net Income30.13M
Net Income
30.13M

Profitability Analysis

Gross Margin

91.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

59.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

15.1%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

11.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

90.95%
Gross Profit Margin
3Y+9.0%
5Y+14.0%
10Y+14.0%
59.52%
Operating Profit Margin
3Y-38.0%
5Y-1054.0%
10Y-1054.0%
15.13%
Net Profit Margin
-58%
3Y-83.0%
5Y-223.0%
10Y-223.0%
8.85%
Return on Equity
-58%
3Y-79.0%
5Y-392.0%
10Y-392.0%
2.21%
Return on Assets
-58%
3Y-90.0%
5Y-196.0%
10Y-196.0%
7.78%
Return on Invested Capital
3Y-68.0%
5Y-752.0%
10Y-752.0%
LB

LandBridge Company LLC Cash Conversion Engine

LB · NYSE
Net Income30.13M
Depreciation & Amortization11.47M
Stock-Based Compensation0.00
Change in Working Capital-13.62M
Others94.21M
Capital Expenditures-4.24M
Free Cash Flow122.04M

Cash Flow Quality Analysis

FCF Conversion Rate

405.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

3.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

0.0%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$13.62M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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LandBridge Company LLC Funding & Solvency Profile

LB · NYSE
Cash & Cash Equivalents29.68M
Net Receivables18.49M
Inventory0.00
Other Current Assets11.10M
Total Current Assets59 M
Property, Plant & Equipment1.08B
Goodwill & Intangible Assets134.20M
Long-Term Investments0.00
Other Non-Current Assets3.80M
Total Non-Current Assets1 B
Total Assets
1.36B

Financial Health Analysis

Current Ratio

3.15x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.69x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

40 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

4% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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LandBridge Company LLC Street Expectations Map

LB · NYSE

Wall Street analysts project that LB stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 75.00, with estimates ranging from a low of 66.00 to a high of 84.00.

Lowest Target
66.00
-13.07%
Consensus Target
75.00
-1.21%
Highest Target
84.00
10.64%

The consensus 1-year price target stands at 75.00, with estimates ranging from a low of 66.00 to a high of 84.00.

Analyst Consensus Analysis

Upside Potential

-1.2%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

24.0% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

0.81x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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LandBridge Company LLC Insider Positioning

LB · NYSE

During the last 12 months, insiders have purchased $165K and sold $528.97M worth of LB shares, resulting in $528.81M of net selling activity.

3 Months

Bought

0

0.00

Sold

13.0K

975.05K

Net Activity

-975K

-$975K

3-6 Months

Bought

3.5K

164.63K

Sold

40.4K

3.00M

Net Activity

-2.8M

-$2.83M

6-9 Months

Bought

0

0.00

Sold

7.5M

525.00M

Net Activity

-525.0M

-$525.00M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
LJT

Long Jason Thomas

Director, Officer: See Remarks

2.1K shares1 transactions

$100K

2
BHF

Bolling Harrison Fenner

Officer: See Remarks

850 shares1 transactions

$40K

3
MSL

Mcneely Scott Lloyd

Officer: See Remarks

549 shares1 transactions

$25K

Top Sellers

1
CDN

Capobianco David N

Director, 10 Percent Owner:

2.5M shares1 transactions

$175.00M

2
LHL

Landbridge Holdings Llc

Director, 10 Percent Owner:

2.5M shares1 transactions

$175.00M

3
FPEFIAL

Five Point Energy Fund Ii Aiv-Vii Lp

Director, 10 Percent Owner:

2.5M shares1 transactions

$175.00M

4
WCL

Watson Charles L.

Director

53.4K shares3 transactions

$3.97M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $528.81M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$975K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

Moderate Selling

4 insider sellers vs. 3 buyers. More insiders selling than buying suggests cautious or negative sentiment.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.00%
Dividend Yield
-100%
3Y-100.0%
5Y-
10Y-
 

lb Dividend History

LB
10Y CAGR +2%
Latest $0.12
Annual $0.54
5 year growth trend
Last Period: +0%