San Juan Basin Royalty Trust

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

San Juan Basin Royalty Trust trades at $4.4, between stages. That is +7.5% against its own 200-day average. It sits at 49% of a 52-week range of $3 to $6. On relative strength it has been ahead of the S&P 500 on a trailing-13-week view for 4 straight weeks.

Today the stock is between stages. At $4.4 it trades +7.5% versus its 200-day average and sits at 49% of its 52-week range ($3–$6).

Against the market, two honest reads. Cumulative: over the last 1.3 years the stock moved −28% while the S&P 500 moved +23% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 4 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of $1 of annual profit: how many dollars the market pays for each dollar the company earns in a year.

San Juan Basin Royalty Trust trades at 30.9× P/E, against too little history to rank. Its long-run median P/E is 31.2×, measured across 0.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 30.9× is against too little history to rank, against a long-run median of 31.2× measured over 0.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −90.0% against a −24.9% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

San Juan Basin Royalty Trust reads as deteriorating on its fundamental arc. Deteriorating — revenue and profit growth are shrinking (revenue growth −100.0% latest (single-quarter readings) against +100.0% at its 12-quarter best), ROCE slipping at 0.0%. The read is built from 11 quarters across 3 curves, on partial evidence.

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

4-Factor Sector Score

No sector-relative score — San Juan Basin Royalty Trust is not among the largest members shown in this industry comparison for Oil & Gas Exploration & Production.

The score is a rank WITHIN a peer set: every metric is scored by percentile against the other members. Without the peer set there is no score to state, so none is invented here.

Revenue Revenue is the top line: everything the company billed its customers in the period.

San Juan Basin Royalty Trust reported $0.0 B of revenue in the Dec 24 quarter. Over 3 years it has compounded at −37.0% a year. The last full year, FY24, came in at $0.0 B. The last four reported quarters add to $0.0 B.

FY24 revenue came in at $0.0 B (−80.0% on the year), capping 3 years at −37.0% compound. The latest quarter (Dec 24) printed $0.0 B, null year on year.

Pace check: the last four quarters averaged −91.7% growth against the decade's −37.0% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −87.5% over the last 4 quarters against −59.2%/yr over the last 8 — rolling over; TTM profit −100.0% vs −100.0%/yr — stabilising.

Operating margin Operating margin is what is left of every $100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

A clean operating margin is not in our numbers for San Juan Basin Royalty Trust — its accounts do not report the operating-profit line this section reads, which is common for lenders and holding companies. The sections above and below carry the readings this company's filings do support.

This company's accounts do not report the operating-profit line this section reads — common for lenders and holding companies classified outside the financial bucket. The revenue and net-profit sections are the cleaner reads for San Juan Basin Royalty Trust.

🚨 Why the margin moved: operating margin went −100.0 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

San Juan Basin Royalty Trust earned $0.0 B of net profit in the Dec 24 quarter. Full-year FY24 profit was $0.0 B. The 3-year compound rate is −37.0%. The same quarter a year earlier earned $0.0 B.

Dec 24 profit was $0.0 B, null year on year. On the full year, FY24 printed $0.0 B (−80.0%), and the 3-year compound rate is −37.0%.

Pace comparison, last four quarters: profit −100.0% vs revenue −91.7%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

San Juan Basin Royalty Trust does not report the debtor, inventory and payable day-counts a cash cycle is built from, so this section reads the investment side instead. Nothing is estimated in place of the missing day-counts, so no cash-cycle chart is drawn.

Working-capital day-counts are not in our numbers for this stock, so this section reads the investment side — where the cash is being put to work.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Returns on capital ROE is the profit the business earns on the money invested in it — the single best test of whether growth creates value or just size.

An annual ROE ladder is not held for San Juan Basin Royalty Trust.

We do not hold an annual ROE series for San Juan Basin Royalty Trust. Its filings carry the return lines we would need as blanks rather than numbers, so this page does not estimate one. The revenue, margin, cash-flow and ownership sections are the reads we stand behind.

Dividend A dividend is cash paid out per share. Dividend per share is the declared amount for the period; the trailing twelve-month total is the four most recent quarters added together.

San Juan Basin Royalty Trust paid $0.19 per share over the last four reported quarters, down 100.0% on a year ago. The most recent declaration was $0.00 for Dec 24. Against the current price of $4.4 that is a trailing yield of 4.29%, measured on dividends already paid rather than on a forecast.

San Juan Basin Royalty Trust paid $0.19 per share across the last four reported quarters, most recently $0.00 for Dec 24. That is down 100.0% against the same quarter a year earlier. Against the current price of $4.4 the trailing twelve months work out to 4.29% — trailing dividends measured against today's price, not a forward estimate.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

San Juan Basin Royalty Trust carries total debt of $0.0 B against shareholder equity of $0.0 B as of Mar 26, a debt-to-equity of null. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of $0.0 B against shareholder equity of $0.0 B — a debt-to-equity of null. Read the returns on this page with that leverage in mind.

Ownership There is no quarter-by-quarter holder register to read here, so we read the crowd through short interest — the slice of tradable shares currently sold short, positioned for a fall.

3.5% of San Juan Basin Royalty Trust's tradable float is currently sold short — some money is positioned against it. At typical trading volumes those positions would take about 4.0 days to buy back. There is no quarter-by-quarter holder register to read for this filer, so the crowd is read through short interest instead.

The latest reading: 3.5% of the float is sold short, and at typical trading volumes it would take about 4.0 days to buy those positions back. Some money is positioned against it. This is a single point-in-time reading — we do not yet hold its history, so we show no trend chart.

Why it sits there: who is doing the shorting, and why, does not travel with the number — the level is shown without inventing its story.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

San Juan Basin Royalty Trust: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions