KRP Valuation

Kimbell Royalty Partners LP

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13.390

+0.23(1.748%)1D

KRP Relative Valuation

KRP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, KRP is overvalued; if below, it's undervalued.

Historical Valuation

Kimbell Royalty Partners LP (KRP) is now in the Overvalued zone, suggesting that its current forward PE ratio of 21.42 is considered Overvalued compared with the five-year average of 16.57. The fair price of Kimbell Royalty Partners LP (KRP) is between 7.19 to 12.14 according to relative valuation methord. Compared to the current price of 13.39 USD , Kimbell Royalty Partners LP is Overvalued By 10.28%.

Relative Value

Fair Zone

7.19-12.14

Current Price：13.39

10.28%

Overvalued

21.42

Trailing

Forward

7.34

EV/EBITDA

Kimbell Royalty Partners LP. (KRP) has a current EV/EBITDA of 7.34. The 5-year average EV/EBITDA is 6.68. The thresholds are as follows: Strongly Undervalued below 5.12, Undervalued between 5.12 and 5.90, Fairly Valued between 7.46 and 5.90, Overvalued between 7.46 and 8.24, and Strongly Overvalued above 8.24. The current Forward EV/EBITDA of 7.34 falls within the Historic Trend Line -Fairly Valued range.

18.52

EV/EBIT

Kimbell Royalty Partners LP. (KRP) has a current EV/EBIT of 18.52. The 5-year average EV/EBIT is 13.24. The thresholds are as follows: Strongly Undervalued below 7.07, Undervalued between 7.07 and 10.16, Fairly Valued between 16.32 and 10.16, Overvalued between 16.32 and 19.40, and Strongly Overvalued above 19.40. The current Forward EV/EBIT of 18.52 falls within the Overvalued range.

13.39

Kimbell Royalty Partners LP. (KRP) has a current PS of 13.39. The 5-year average PS is 3.76. The thresholds are as follows: Strongly Undervalued below 1.76, Undervalued between 1.76 and 2.76, Fairly Valued between 4.76 and 2.76, Overvalued between 4.76 and 5.76, and Strongly Overvalued above 5.76. The current Forward PS of 13.39 falls within the Strongly Overvalued range.

5.62

P/OCF

Kimbell Royalty Partners LP. (KRP) has a current P/OCF of 5.62. The 5-year average P/OCF is 5.71. The thresholds are as follows: Strongly Undervalued below 3.71, Undervalued between 3.71 and 4.71, Fairly Valued between 6.71 and 4.71, Overvalued between 6.71 and 7.71, and Strongly Overvalued above 7.71. The current Forward P/OCF of 5.62 falls within the Historic Trend Line -Fairly Valued range.

5.78

P/FCF

Kimbell Royalty Partners LP. (KRP) has a current P/FCF of 5.78. The 5-year average P/FCF is 5.05. The thresholds are as follows: Strongly Undervalued below 0.50, Undervalued between 0.50 and 2.77, Fairly Valued between 7.33 and 2.77, Overvalued between 7.33 and 9.61, and Strongly Overvalued above 9.61. The current Forward P/FCF of 5.78 falls within the Historic Trend Line -Fairly Valued range.

Kimbell Royalty Partners LP (KRP) has a current Price-to-Book (P/B) ratio of 2.25. Compared to its 3-year average P/B ratio of 1.93 , the current P/B ratio is approximately 16.17% higher. Relative to its 5-year average P/B ratio of 1.93, the current P/B ratio is about 16.69% higher. Kimbell Royalty Partners LP (KRP) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -6.06%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -1.98% , the current FCF yield is about -100.00% lower.

2.25

P/B

Median3y

1.93

Median5y

1.93

1.79

FCF Yield

Median3y

-6.06

Median5y

-1.98

Competitors Valuation Multiple

The average P/S ratio for KRP's competitors is 15.75, providing a benchmark for relative valuation. Kimbell Royalty Partners LP Corp (KRP) exhibits a P/S ratio of 13.39, which is -14.98% above the industry average. Given its robust revenue growth of 8.61%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

KRP.N

Kimbell Royalty Partners LP

Oaktree Specialty Lending Corp

Dorchester Minerals LP

Goldman Sachs BDC Inc

Capital Southwest Corp

20.77

25.75%

1.19B

Performance Decomposition

Market capitalization of KRP decreased by 14.86% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 74.23M to 80.62M.

The secondary factor is the P/E Change, contributed -3.13%to the performance.

Overall, the performance of KRP in the past 1 year is driven by Revenue Growth. Which is more sustainable.

8.61%

74.23M → 80.62M

Revenue Growth

-20.34%

34.76 → 27.69

Margin Expansion

-3.13%

-2.13K → -2.07K

P/E Change

-14.86%