Added to YB: 2024-11-22
Pitch date: 2024-11-22
LB [bullish]
LandBridge Company LLC
-33.21%
current return
Author Info
Company Info
LandBridge Company LLC, together with its subsidiaries, owns and manages land and resources to support and enhance oil and natural gas development in the United States.
Market Cap
$1.2B
Pitch Price
$78.35
Price Target
76.74 (+39%)
Dividend
0.82%
EV/EBITDA
23.75
P/E
42.78
EV/Sales
12.83
Sector
Real Estate Management and Development
Category
special_situation
LandBridge (LB) to Acquire Wolf Bone Ranch: $245M Deal with Promising Upside
LB: Acquiring Wolf Bone Ranch for $245M ($45M debt, 3.33M shares). $25M guaranteed EBITDA for 5yrs, likely $30M+ w/ upside. At 34x 25E EBITDA, $30M incremental EBITDA = $76.74/share. Excludes strategic benefits: Waha Gas hub proximity, opportunity zone, datacenter/solar potential.
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