LandBridge Company LLC Class A (LB) AI Stock Analysis

• Market Cap: $5.17B
• Dividend Yield: 0.59%
• Average Volume (3M): 415.75K
• Price to Earnings (P/E): 267.3
• Beta (1Y): 2.14
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 4
• Sector: Services
• Sector Strength: N/A
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.35
• Shares Outstanding: 23,255,419
• 10 Day Avg. Volume: 433,007
• 30 Day Avg. Volume: 415,746
• PEG Ratio: 0.00
• Price to Book (P/B): 1.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 19.51
• Enterprise Value/Market Cap: 0.07
• Enterprise Value/Revenue: 0.75
• Enterprise Value/Gross Profit: 3.00
• Enterprise Value/Ebitda: 9.36
• 1Y Price Target: $81.00
• Price Target Upside: 19.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 62 Neutral
• Price Target: $77.00 ▲(13.94%Upside)

LandBridge Company LLC has a solid growth outlook driven by strong earnings call results and diversified revenue streams, which bolster its future prospects. However, technical indicators and valuation metrics show challenges, particularly in profitability and market momentum. The company must address operational inefficiencies to improve its overall financial health.

Positive Factors

Growth Potential

LB's growth potential is illustrated by extending our model to 2033E, with both current and long-term valuation approaches delivering positive outcomes.

Revenue and Financial Performance

Revenue of $36.5MM exceeded the forecast of $34.6MM.

Strategic Acquisitions

The $245 million purchase of 46,000 acres in Reeves County, Texas, has $25 million of committed annual revenue.

Negative Factors

Earnings Estimates

Solid 3Q24 performance and an improving line of sight on upside opportunities drive EBITDA and FCF estimates 20-25% higher for 2025-28.

Net Income

Adjusted net income of $19.3MM missed the estimate of $21.2MM.

LandBridge Company LLC Class A Business Overview & Revenue Model

Company Description

LandBridge Company LLC Class A (LB) is a logistics and transportation company specializing in providing comprehensive freight and shipping solutions across various sectors, including retail, manufacturing, and e-commerce. The company focuses on optimizing supply chain efficiencies through its integrated logistics services, which include freight forwarding, warehousing, and last-mile delivery.

How the Company Makes Money

LandBridge Company LLC Class A generates revenue through a combination of service fees for freight forwarding, warehousing, and transportation services. The company partners with a wide network of carriers and utilizes its logistics management technology to provide cost-effective and efficient shipping solutions. Key revenue streams include contract logistics for long-term clients, spot freight services for ad-hoc shipping needs, and value-added services such as customs brokerage and supply chain consulting. Strategic partnerships with major retailers and e-commerce platforms further enhance the company's market presence and revenue potential by securing consistent business volumes.

LandBridge Company LLC Class A Financial Statement Overview

Summary

LandBridge Company LLC has shown significant revenue growth but faces challenges with declining profitability and negative net income. The balance sheet remains strong with reduced leverage, although return on equity has suffered. Cash flow metrics are robust, indicating effective cash management despite profitability issues.

Income Statement

The company shows a volatile performance with a significant revenue growth rate of 50.91% from 2023 to 2024. However, this is overshadowed by a negative net profit margin of -37.73% in 2024, a decline from 15.58% in 2023, indicating challenges in maintaining profitability. The EBIT margin also turned negative at -15.03% in 2024, reflecting operational inefficiencies.

Balance Sheet

LandBridge Company LLC maintains a solid equity base with an equity ratio of 43.45% in 2024, reflecting a stable capital structure. The debt-to-equity ratio significantly decreased to 0.001 in 2024, indicating reduced leverage risk. However, the return on equity plunged to -9.51% in 2024 from 7.53% in 2023, highlighting issues with generating returns on shareholder investments.

Cash Flow

The cash flow statement shows strength with a strong free cash flow growth rate of 32.58% from 2023 to 2024, and robust operating cash flow to net income ratio of 1.63 in 2024. This suggests efficient cash management despite net income losses. The free cash flow to net income ratio improved significantly, indicating a strong cash flow position relative to net earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	134.89M	109.95M	72.86M	51.78M
Gross Profit	123.66M	98.97M	60.66M	38.57M
EBITDA	4.26M	-7.47M	79.16M	3.63M
Net Income	-46.08M	5.11M	63.17M	-6.36M
Balance Sheet
Total Assets	1.01B	1.00B	288.95M	276.02M
Cash, Cash Equivalents and Short-Term Investments	14.94M	37.03M	37.82M	25.35M
Total Debt	299.00K	381.24M	131.78M	61.01M
Total Liabilities	387.44M	395.41M	138.20M	66.06M
Stockholders Equity	440.35M	436.01M	150.75M	209.96M
Cash Flow
Free Cash Flow	-309.77M	66.65M	50.26M	17.21M
Operating Cash Flow	66.33M	67.64M	53.04M	20.50M
Investing Cash Flow	-567.06M	-724.35M	-2.77M	-696.00K
Financing Cash Flow	506.77M	655.92M	-37.80M	-7.71M

LandBridge Company LLC Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 67.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LB, the sentiment is Negative. The current price of 67.58 is below the 20-day moving average (MA) of 70.76, below the 50-day MA of 73.38, and above the 200-day MA of 65.17, indicating a neutral trend. The MACD of -1.91 indicates Positive momentum. The RSI at 40.49 is Neutral, neither overbought nor oversold. The STOCH value of 20.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LB.

LandBridge Company LLC Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WFRD	78 Outperform	$3.63B	7.97	38.48%	2.00%	0.77%	1.69%
WHD	77 Outperform	$3.54B	15.73	19.05%	1.17%	-0.58%	12.02%
AROC	74 Outperform	$4.42B	21.17	17.89%	3.04%	20.14%	43.55%
NOV	74 Outperform	$4.78B	8.49	9.29%	2.36%	0.54%	-39.88%
Sector *	72 Outperform	¥225.21B	18.70	15.42%	2.80%	6.93%	219.43%
CHX	66 Neutral	$4.78B	16.47	16.16%	1.52%	-4.17%	-17.99%
LB	62 Neutral	$5.17B	267.28	-15.39%	0.59%	―	―

LandBridge Company LLC Class A Corporate Events

LandBridge Elects Directors, Ratifies Auditor Appointment

On June 10, 2025, LandBridge Company LLC held its annual meeting of shareholders where key decisions were made regarding the company’s leadership and auditing processes. The shareholders elected all 11 director nominees to serve until the 2026 annual meeting and ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (LB) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on LandBridge Company LLC Class A stock, see the LB Stock Forecast page.

LandBridge Reports Strong Q1 2025 Financial Performance

LandBridge Company LLC reported a strong financial performance for the first quarter of 2025, with a 131% year-over-year revenue growth to $44 million and a net income of $15.5 million. The company attributes its success to diversified revenue streams and strategic land acquisitions, including the Wolf Bone Ranch. Despite a decrease in oil and gas royalties, the company saw significant increases in surface use royalties and resource sales. LandBridge declared a quarterly cash dividend and reaffirmed its fiscal year 2025 EBITDA outlook, indicating confidence in its growth trajectory and operational strategy.