Sabine Royalty Trust (SBR) - Net Assets
Based on the latest financial reports, Sabine Royalty Trust (SBR) has net assets worth $7.54 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.29 Million) and total liabilities ($752.82K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sabine Royalty Trust (SBR) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.54 Million |
| % of Total Assets | 90.92% |
| Annual Growth Rate | 1.19% |
| 5-Year Change | 118.35% |
| 10-Year Change | 68.08% |
| Growth Volatility | 53.58 |
Sabine Royalty Trust - Net Assets Trend (1994–2024)
This chart illustrates how Sabine Royalty Trust's net assets have evolved over time, based on quarterly financial data. Also explore Sabine Royalty Trust (SBR) total assets for the complete picture of this company's asset base.
Annual Net Assets for Sabine Royalty Trust (1994–2024)
The table below shows the annual net assets of Sabine Royalty Trust from 1994 to 2024. For live valuation and market cap data, see Sabine Royalty Trust stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $8.71 Million | +1.73% |
| 2023-12-31 | $8.56 Million | -24.98% |
| 2022-12-31 | $11.41 Million | -23.48% |
| 2021-12-31 | $14.91 Million | +273.91% |
| 2020-12-31 | $3.99 Million | -29.40% |
| 2019-12-31 | $5.65 Million | -0.33% |
| 2018-12-31 | $5.67 Million | +23.33% |
| 2017-12-31 | $4.59 Million | +3.87% |
| 2016-12-31 | $4.42 Million | -14.61% |
| 2015-12-31 | $5.18 Million | +14.22% |
| 2014-12-31 | $4.54 Million | -19.51% |
| 2013-12-31 | $5.63 Million | +38.53% |
| 2012-12-31 | $4.07 Million | -29.32% |
| 2011-12-31 | $5.75 Million | +13.13% |
| 2010-12-31 | $5.09 Million | -2.12% |
| 2009-12-31 | $5.20 Million | -22.85% |
| 2008-12-31 | $6.74 Million | +15.67% |
| 2007-12-31 | $5.82 Million | +16.49% |
| 2006-12-31 | $5.00 Million | -29.06% |
| 2005-12-31 | $7.05 Million | +55.78% |
| 2004-12-31 | $4.52 Million | -3.78% |
| 2003-12-31 | $4.70 Million | +2.12% |
| 2002-12-31 | $4.60 Million | -18.92% |
| 2001-12-31 | $5.68 Million | +18.21% |
| 2000-12-31 | $4.80 Million | -7.64% |
| 1999-12-31 | $5.20 Million | +20.93% |
| 1998-12-31 | $4.30 Million | -27.12% |
| 1997-12-31 | $5.90 Million | 0.00% |
| 1996-12-31 | $5.90 Million | +9.26% |
| 1995-12-31 | $5.40 Million | -11.48% |
| 1994-12-31 | $6.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sabine Royalty Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.71 Million | 100.00% |
| Total Equity | $8.71 Million | 100.00% |
Sabine Royalty Trust Competitors by Market Cap
The table below lists competitors of Sabine Royalty Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jamieson Wellness Inc
TO:JWEL
|
$1.02 Billion |
|
FS Credit Opportunities Corp.
NYSE:FSCO
|
$1.02 Billion |
|
U-Haul Holding Company
NYSE:UHAL
|
$1.02 Billion |
|
Retail Estates - Sicafi
BR:RET
|
$1.02 Billion |
|
Everlight Electronics Co Ltd
TW:2393
|
$1.02 Billion |
|
Pagaya Technologies Ltd.
NASDAQ:PGY
|
$1.02 Billion |
|
Coursera Inc
NYSE:COUR
|
$1.02 Billion |
|
PixArt Imaging
TWO:3227
|
$1.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sabine Royalty Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,558,906 to 8,706,932, a change of 148,026 (1.7%).
- Net income of 79,642,694 contributed positively to equity growth.
- Dividend payments of 79,479,890 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $79.64 Million | +914.7% |
| Dividends Paid | $79.48 Million | -912.83% |
| Other Changes | $-14.78K | -0.17% |
| Total Change | $- | 1.73% |
Book Value vs Market Value Analysis
This analysis compares Sabine Royalty Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 126.92x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 62.11x to 126.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.22 | $75.80 | x |
| 1986-12-31 | $1.04 | $75.80 | x |
| 1987-12-31 | $0.97 | $75.80 | x |
| 1988-12-31 | $0.83 | $75.80 | x |
| 1989-12-31 | $0.72 | $75.80 | x |
| 1990-12-31 | $0.71 | $75.80 | x |
| 1991-12-31 | $0.61 | $75.80 | x |
| 1992-12-31 | $0.55 | $75.80 | x |
| 1993-12-31 | $0.47 | $75.80 | x |
| 1994-12-31 | $0.42 | $75.80 | x |
| 1995-12-31 | $0.37 | $75.80 | x |
| 1996-12-31 | $0.40 | $75.80 | x |
| 1997-12-31 | $0.40 | $75.80 | x |
| 1998-12-31 | $0.29 | $75.80 | x |
| 1999-12-31 | $0.36 | $75.80 | x |
| 2000-12-31 | $0.33 | $75.80 | x |
| 2001-12-31 | $0.39 | $75.80 | x |
| 2002-12-31 | $0.32 | $75.80 | x |
| 2003-12-31 | $0.32 | $75.80 | x |
| 2004-12-31 | $0.31 | $75.80 | x |
| 2005-12-31 | $0.48 | $75.80 | x |
| 2006-12-31 | $0.34 | $75.80 | x |
| 2007-12-31 | $0.40 | $75.80 | x |
| 2008-12-31 | $0.46 | $75.80 | x |
| 2009-12-31 | $0.36 | $75.80 | x |
| 2010-12-31 | $0.35 | $75.80 | x |
| 2011-12-31 | $0.39 | $75.80 | x |
| 2012-12-31 | $0.28 | $75.80 | x |
| 2013-12-31 | $0.39 | $75.80 | x |
| 2014-12-31 | $0.31 | $75.80 | x |
| 2015-12-31 | $0.36 | $75.80 | x |
| 2016-12-31 | $0.30 | $75.80 | x |
| 2017-12-31 | $0.32 | $75.80 | x |
| 2018-12-31 | $0.39 | $75.80 | x |
| 2019-12-31 | $0.39 | $75.80 | x |
| 2020-12-31 | $0.27 | $75.80 | x |
| 2021-12-31 | $1.02 | $75.80 | x |
| 2022-12-31 | $0.78 | $75.80 | x |
| 2023-12-31 | $0.59 | $75.80 | x |
| 2024-12-31 | $0.60 | $75.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sabine Royalty Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 914.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 96.46%
- • Asset Turnover: 8.93x
- • Equity Multiplier: 1.06x
- Recent ROE (914.70%) is above the historical average (668.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 187.64% | 94.89% | 1.88x | 1.05x | $31.62 Million |
| 1986 | 137.75% | 92.04% | 1.43x | 1.05x | $19.29 Million |
| 1987 | 152.11% | 93.51% | 1.58x | 1.03x | $20.18 Million |
| 1988 | 159.50% | 93.24% | 1.67x | 1.02x | $18.09 Million |
| 1989 | 189.52% | 93.43% | 1.92x | 1.06x | $18.85 Million |
| 1990 | 224.04% | 95.10% | 2.25x | 1.05x | $22.26 Million |
| 1991 | 251.14% | 94.85% | 2.48x | 1.07x | $21.22 Million |
| 1992 | 238.75% | 94.09% | 2.31x | 1.10x | $18.30 Million |
| 1993 | 305.88% | 93.69% | 3.00x | 1.09x | $20.12 Million |
| 1994 | 285.25% | 92.55% | 2.61x | 1.18x | $16.79 Million |
| 1995 | 274.07% | 91.36% | 2.45x | 1.22x | $14.26 Million |
| 1996 | 355.93% | 94.17% | 3.23x | 1.17x | $20.41 Million |
| 1997 | 415.25% | 94.59% | 3.75x | 1.17x | $23.91 Million |
| 1998 | 532.56% | 94.24% | 5.06x | 1.12x | $22.47 Million |
| 1999 | 417.31% | 93.94% | 4.20x | 1.06x | $21.18 Million |
| 2000 | 689.65% | 95.60% | 6.61x | 1.09x | $32.64 Million |
| 2001 | 754.00% | 96.35% | 7.59x | 1.03x | $42.24 Million |
| 2002 | 576.55% | 94.19% | 5.23x | 1.17x | $26.08 Million |
| 2003 | 788.34% | 95.49% | 6.99x | 1.18x | $36.59 Million |
| 2004 | 897.35% | 95.75% | 8.63x | 1.09x | $40.14 Million |
| 2005 | 747.64% | 96.18% | 7.43x | 1.05x | $51.98 Million |
| 2006 | 1197.00% | 96.57% | 11.54x | 1.07x | $59.33 Million |
| 2007 | 979.96% | 96.29% | 8.95x | 1.14x | $56.48 Million |
| 2008 | 1321.54% | 97.62% | 12.81x | 1.06x | $88.34 Million |
| 2009 | 755.24% | 94.54% | 7.52x | 1.06x | $38.73 Million |
| 2010 | 1061.22% | 96.23% | 10.46x | 1.05x | $53.47 Million |
| 2011 | 1017.66% | 96.50% | 9.70x | 1.09x | $57.98 Million |
| 2012 | 1286.36% | 95.74% | 10.40x | 1.29x | $51.91 Million |
| 2013 | 1042.14% | 96.61% | 8.75x | 1.23x | $58.16 Million |
| 2014 | 1294.03% | 96.07% | 8.92x | 1.51x | $58.23 Million |
| 2015 | 887.30% | 95.00% | 7.91x | 1.18x | $45.45 Million |
| 2016 | 621.17% | 91.52% | 5.74x | 1.18x | $27.03 Million |
| 2017 | 755.90% | 93.45% | 6.97x | 1.16x | $34.27 Million |
| 2018 | 881.17% | 95.31% | 5.54x | 1.67x | $49.36 Million |
| 2019 | 779.71% | 94.24% | 6.76x | 1.22x | $43.47 Million |
| 2020 | 835.26% | 91.67% | 7.33x | 1.24x | $32.91 Million |
| 2021 | 388.03% | 94.99% | 3.73x | 1.09x | $56.36 Million |
| 2022 | 1075.37% | 97.57% | 7.72x | 1.43x | $121.55 Million |
| 2023 | 1054.47% | 97.03% | 9.86x | 1.10x | $89.40 Million |
| 2024 | 914.70% | 96.46% | 8.93x | 1.06x | $78.77 Million |
Industry Comparison
This section compares Sabine Royalty Trust's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $842,292,442
- Average return on equity (ROE) among peers: 9.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sabine Royalty Trust (SBR) | $7.54 Million | 187.64% | 0.10x | $1.02 Billion |
| Antero Midstream Partners LP (AM) | $2.19 Billion | 14.88% | 1.64x | $10.01 Billion |
| CBL International Limited Ordinary Shares (BANL) | $22.77 Million | -16.41% | 2.04x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $268.94 Million | 15.44% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $105.09 Million | 25.91% | 3.51x | $284.93 Million |
| Cheniere Energy Partners LP (CQP) | $-253.34 Million | 0.00% | 0.00x | $30.47 Billion |
| Cheniere Energy Partners LP (CQP) | $-545.02 Million | 0.00% | 0.00x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $147.82 Million | 28.51% | 2.60x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $367.84 Million | 16.33% | 2.01x | $140.07 Million |
| DT Midstream Inc (DTM) | $4.23 Billion | 7.38% | 0.97x | $12.24 Billion |
| Excelerate Energy Inc (EE) | $1.89 Billion | 1.74% | 0.53x | $1.10 Billion |
About Sabine Royalty Trust
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississ… Read more