WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

TC Energy Corp generates 19555% more annual revenue ($15.24B vs $77.53M). SBR leads profitability with a 94.7% profit margin vs 23.1%. SBR appears more attractively valued with a PEG of 1.35. TRP earns a higher WallStSmart Score of 59/100 (C).

SBR

Hold

50

out of 100

Grade: D+

Growth: 2.0Profit: 9.0Value: 7.3Quality: 6.0
Piotroski: 3/9

TRP

Buy

59

out of 100

Grade: C

Growth: 6.0Profit: 7.5Value: 4.7Quality: 3.0
Piotroski: 4/9Altman Z: 0.48
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

SBRSignificantly Overvalued (-107.3%)

Margin of Safety

-107.3%

Fair Value

$34.27

Current Price

$74.07

$39.80 premium

UndervaluedFair: $34.27Overvalued
TRPSignificantly Overvalued (-216.8%)

Margin of Safety

-216.8%

Fair Value

$19.23

Current Price

$64.08

$44.85 premium

UndervaluedFair: $19.23Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

SBR4 strengths · Avg: 9.5/10
Return on EquityProfitability
94.4%10/10

Every $100 of equity generates 94 in profit

Profit MarginProfitability
94.7%10/10

Keeps 95 of every $100 in revenue as profit

Operating MarginProfitability
96.7%10/10

Strong operational efficiency at 96.7%

P/E RatioValuation
14.9x8/10

Attractively priced relative to earnings

TRP4 strengths · Avg: 9.0/10
Operating MarginProfitability
45.4%10/10

Strong operational efficiency at 45.4%

Market CapQuality
$66.54B9/10

Large-cap with strong market position

Profit MarginProfitability
23.1%9/10

Keeps 23 of every $100 in revenue as profit

Revenue GrowthGrowth
16.5%8/10

16.5% revenue growth

Areas to Watch

SBR4 concerns · Avg: 2.5/10
Market CapQuality
$1.09B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Price/BookValuation
157.6x2/10

Trading at 157.6x book value

Revenue GrowthGrowth
-30.2%2/10

Revenue declined 30.2%

TRP4 concerns · Avg: 3.0/10
P/E RatioValuation
25.3x4/10

Moderate valuation

EPS GrowthGrowth
0.5%4/10

0.5% earnings growth

PEG RatioValuation
4.612/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.482/10

Distress zone — elevated risk

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 96.7%. PEG of 1.35 suggests the stock is reasonably priced for its growth.

Bull Case : TRP

The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 23.1% and operating margin at 45.4%. Revenue growth of 16.5% demonstrates continued momentum.

Bear Case : SBR

The primary concerns for SBR are Market Cap, Piotroski F-Score, Price/Book.

Bear Case : TRP

The primary concerns for TRP are P/E Ratio, EPS Growth, PEG Ratio. Debt-to-equity of 2.23 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

TRP carries more volatility with a beta of 1.00 — expect wider price swings.

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

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

TRP scores higher overall (59/100 vs 50/100), backed by strong 23.1% margins and 16.5% revenue growth. Both earn "Buy" and "Hold" 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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