Financials Sitio Royalties Corp.

Equities

STR

US82983N1081

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-05-22 pm EDT			5-day change	1st Jan Change
22.69 ^USD	-2.70%		-4.58%	-3.49%

May. 10	Truist Securities Adjusts Sitio Royalties' Price Target to $33 From $32, Keeps Buy Rating	MT
May. 09	Barclays Adjusts Sitio Royalties Price Target to $27 From $26, Maintains Underweight Rating	MT

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	2,312	1,922	1,829	-	-
Enterprise Value (EV) ¹	3,232	2,772	2,674	2,505	2,323
P/E ratio	26.2 x	-118 x	36.3 x	30 x	27 x
Yield	-	8.08%	7.54%	7.32%	8.33%
Capitalization / Revenue	6.26 x	3.24 x	2.76 x	2.73 x	2.62 x
EV / Revenue	8.75 x	4.67 x	4.04 x	3.74 x	3.33 x
EV / EBITDA	7.48 x	4.98 x	4.68 x	4.33 x	3.83 x
EV / FCF	-11.7 x	6.48 x	5.97 x	5.17 x	4.43 x
FCF Yield	-8.56%	15.4%	16.8%	19.4%	22.6%
Price to Book	-	-	-	-	-
Nbr of stocks (in thousands)	80,151	81,764	80,616	-	-
Reference price ²	28.85	23.51	22.69	22.69	22.69
Announcement Date	3/8/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	-	369.6	593.4	662	670.5	697.5
EBITDA ¹	-	432.1	556.6	571.2	578	606.5
EBIT ¹	-	194	35.39	230.7	241.3	244.5
Operating Margin	-	52.48%	5.96%	34.84%	35.99%	35.05%
Earnings before Tax (EBT) ¹	-	189.8	-60.98	134.5	153.4	172
Net income ¹	7.369	15.7	-15.54	97.5	93.92	109
Net margin	-	4.25%	-2.62%	14.73%	14.01%	15.63%
EPS ²	0.5900	1.100	-0.2000	0.6250	0.7567	0.8400
Free Cash Flow ¹	-	-276.8	427.8	448	485	525
FCF margin	-	-74.88%	72.09%	67.67%	72.34%	75.27%
FCF Conversion (EBITDA)	-	-	76.85%	78.42%	83.91%	86.56%
FCF Conversion (Net income)	-	-	-	459.49%	516.37%	481.65%
Dividend per Share ²	-	-	1.900	1.710	1.660	1.890
Announcement Date	3/25/22	3/8/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	87.8	115.5	99.95	150.8	136.5	156.7	149.4	151.4	163.9	166.5	167.2	165	164.8
EBITDA ¹	92.66	106.3	93.09	140	129.4	143.6	143.6	143.7	142.8	146	146.8	143.2	143.2
EBIT ¹	52.9	62.9	37	60.93	12.2	51.83	-89.56	50.04	57.67	60.33	59.67	59	57.33
Operating Margin	60.24%	54.46%	37.02%	40.4%	8.94%	33.07%	-59.97%	33.05%	35.19%	36.24%	35.69%	35.77%	34.78%
Earnings before Tax (EBT) ¹	74.27	71.57	5.06	54.9	-3.656	0.658	-112.9	21.48	36.5	38.5	38	37.8	35.97
Net income ¹	72.01	9.139	0.402	22.65	-0.796	0.287	-37.68	8.468	28.5	30.5	30	22.75	22.02
Net margin	82.02%	7.91%	0.4%	15.02%	-0.58%	0.18%	-25.23%	5.59%	17.39%	18.32%	17.95%	13.79%	13.36%
EPS ²	0.8590	0.1090	0.0100	0.2800	-0.0100	-	-0.4600	0.1000	0.1833	0.1900	0.1933	0.1867	0.1767
Dividend per Share ²	0.7100	0.7200	-	0.5000	0.4000	0.4900	0.5100	0.4100	0.4167	0.4333	0.4267	0.4000	0.4000
Announcement Date	8/8/22	11/8/22	3/8/23	5/9/23	8/8/23	11/8/23	2/29/24	5/8/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	920	850	845	676	494
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	2.129 x	1.527 x	1.479 x	1.17 x	0.8145 x
Free Cash Flow ¹	-	-277	428	448	485	525
ROE (net income / shareholders' equity)	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share	-	-	-	-	-	-
Cash Flow per Share ²	-	20.50	5.220	5.610	3.030	2.690
Capex	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-
Announcement Date	3/25/22	3/8/23	2/29/24	-	-	-

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

Ratings for Sitio Royalties Corp.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

22.69 USD

Average target price

29.5 USD

Spread / Average Target

+30.01%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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