WallStSmart

Sabine Royalty Trust (SBR)vsTC Energy Corp (TRP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 20712% more annual revenue ($15.69B vs $75.39M). SBR leads profitability with a 94.7% profit margin vs 22.9%. SBR appears more attractively valued with a PEG of 1.35. TRP earns a higher WallStSmart Score of 63/100 (C+).

SBR

Buy

62

out of 100

Grade: C+

Growth: 6.0Profit: 10.0Value: 5.3Quality: 6.5
Piotroski: 4/9

TRP

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 3.3Quality: 3.0
Piotroski: 4/9Altman Z: 0.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SBRSignificantly Overvalued (-23.9%)

Margin of Safety

-23.9%

Fair Value

$57.37

Current Price

$72.37

$15.00 premium

UndervaluedFair: $57.37Overvalued
TRPSignificantly Overvalued (-44.2%)

Margin of Safety

-44.2%

Fair Value

$42.26

Current Price

$59.78

$17.52 premium

UndervaluedFair: $42.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SBR5 strengths · Avg: 9.2/10
Return on EquityProfitability
906.4%10/10

Every $100 of equity generates 906 in profit

Profit MarginProfitability
94.7%10/10

Keeps 95 of every $100 in revenue as profit

Operating MarginProfitability
95.7%10/10

Strong operational efficiency at 95.7%

P/E RatioValuation
15.2x8/10

Attractively priced relative to earnings

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
44.3%10/10

Strong operational efficiency at 44.3%

Market CapQuality
$64.22B9/10

Large-cap with strong market position

Profit MarginProfitability
22.9%9/10

Keeps 23 of every $100 in revenue as profit

Free Cash FlowQuality
$1.33B8/10

Generating 1.3B in free cash flow

Areas to Watch

SBR2 concerns · Avg: 2.5/10
Market CapQuality
$1.08B3/10

Smaller company, higher risk/reward

Price/BookValuation
124.8x2/10

Trading at 124.8x book value

TRP3 concerns · Avg: 1.7/10
PEG RatioValuation
2.972/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.542/10

Distress zone — elevated risk

Debt/EquityHealth
2.301/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : SBR

The strongest argument for SBR centers on Return on Equity, Profit Margin, Operating Margin. Profitability is solid with margins at 94.7% and operating margin at 95.7%. Revenue growth of 16.5% demonstrates continued momentum.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.9% and operating margin at 44.3%.

Bear Case : SBR

The primary concerns for SBR are Market Cap, Price/Book.

Bear Case : TRP

The primary concerns for TRP are PEG Ratio, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.30 is elevated, increasing financial risk.

Key Dynamics to Monitor

SBR profiles as a growth stock while TRP is a mature play — different risk/reward profiles.

TRP carries more volatility with a beta of 0.95 — expect wider price swings.

SBR is growing revenue faster at 16.5% — sustainability is the question.

TRP generates stronger free cash flow (1.3B), providing more financial flexibility.

Bottom Line

TRP scores higher overall (63/100 vs 62/100), backed by strong 22.9% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Sabine Royalty Trust

ENERGY · OIL & GAS MIDSTREAM · USA

Sabine Royalty Trust owns copyrights and mineral interests in several oil and gas producing properties in the United States. The company is headquartered in Dallas, Texas.

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TC Energy Corp

ENERGY · OIL & GAS MIDSTREAM · USA

TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.

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