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Falcon Minerals

DB:2JT
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2JT
DB
$199M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Falcon Minerals has significant price volatility in the past 3 months.
2JT Share Price and Events
7 Day Returns
-12.5%
DB:2JT
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-73.9%
DB:2JT
34.4%
DE Oil and Gas
-14.2%
DE Market
2JT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Falcon Minerals (2JT) -12.5% -4.5% -65.3% -73.9% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 2JT underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 2JT underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

2JT Value

 Is Falcon Minerals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Falcon Minerals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Falcon Minerals.

DB:2JT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2JT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (21.31%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.091 * 5.44%)
5.54%

Discounted Cash Flow Calculation for DB:2JT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Falcon Minerals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2JT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.54%)
2020 23.50 Analyst x2 22.27
2021 57.00 Analyst x3 51.17
2022 80.00 Analyst x2 68.04
2023 162.00 Analyst x1 130.55
2024 198.00 Analyst x1 151.18
2025 223.22 Est @ 12.74% 161.47
2026 242.85 Est @ 8.8% 166.45
2027 257.53 Est @ 6.04% 167.24
2028 268.12 Est @ 4.11% 164.96
2029 275.52 Est @ 2.76% 160.61
Present value of next 10 years cash flows $1,243.00
DB:2JT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $275.52 × (1 + -0.39%) ÷ (5.54% – -0.39%)
$4,624.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,624.35 ÷ (1 + 5.54%)10
$2,695.77
DB:2JT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,243.00 + $2,695.77
$3,938.77
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,938.77 / 85.96
$45.82
DB:2JT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2JT represents 0.88608x of NasdaqCM:FLMN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88608x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 45.82 x 0.88608
€40.60
Value per share (EUR) From above. €40.60
Current discount Discount to share price of €2.10
= -1 x (€2.10 - €40.60) / €40.60
94.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Falcon Minerals is available for.
Intrinsic value
>50%
Share price is €2.1 vs Future cash flow value of €40.6
Current Discount Checks
For Falcon Minerals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Falcon Minerals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Falcon Minerals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Falcon Minerals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Falcon Minerals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2JT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.31
NasdaqCM:FLMN Share Price ** NasdaqCM (2020-04-08) in USD $2.37
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Falcon Minerals.

DB:2JT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:FLMN Share Price ÷ EPS (both in USD)

= 2.37 ÷ 0.31

7.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Falcon Minerals is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Falcon Minerals is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Falcon Minerals's expected growth come at a high price?
Raw Data
DB:2JT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
14.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:2JT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.64x ÷ 14.4%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Falcon Minerals is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Falcon Minerals's assets?
Raw Data
DB:2JT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.81
NasdaqCM:FLMN Share Price * NasdaqCM (2020-04-08) in USD $2.37
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:2JT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:FLMN Share Price ÷ Book Value per Share (both in USD)

= 2.37 ÷ 2.81

0.84x

* Primary Listing of Falcon Minerals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Falcon Minerals is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Falcon Minerals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Falcon Minerals has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2JT Future Performance

 How is Falcon Minerals expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Falcon Minerals expected to grow at an attractive rate?
  • Falcon Minerals's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Falcon Minerals's earnings growth is expected to exceed the Germany market average.
  • Falcon Minerals's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2JT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2JT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 14.4%
DB:2JT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2JT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2JT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 61 120 25 1
2023-12-31 61 102 24 1
2022-12-31 77 72 25 3
2021-12-31 69 52 21 7
2020-12-31 49 31 15 5
2020-04-09
DB:2JT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 68 55 14
2019-09-30 82 67 19
2019-06-30 90 73 -53
2019-03-31 100 76 -40
2018-12-31 99 78 7
2018-09-30 98 78 44
2018-06-30 94 79 48
2018-03-31 87 81 112
2017-12-31 96 81 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Falcon Minerals's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
  • Falcon Minerals's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2JT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Falcon Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2JT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.54 0.54 0.54 1.00
2023-12-31 0.53 0.53 0.53 1.00
2022-12-31 0.55 0.58 0.52 2.00
2021-12-31 0.36 0.54 0.17 7.00
2020-12-31 0.20 0.30 0.07 5.00
2020-04-09
DB:2JT Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.31
2019-09-30 0.40
2019-06-30 -1.15
2019-03-31 -0.88
2018-12-31 0.15
2018-09-30 0.96
2018-06-30 1.06
2018-03-31
2017-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Falcon Minerals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Falcon Minerals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Falcon Minerals has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2JT Past Performance

  How has Falcon Minerals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Falcon Minerals's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Falcon Minerals's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Falcon Minerals's 1-year earnings growth exceeds its 5-year average (102.6% vs -32.8%)
  • Falcon Minerals's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (102.6% vs 1.9%).
Earnings and Revenue History
Falcon Minerals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Falcon Minerals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2JT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 68.46 14.24 14.31
2019-09-30 81.71 18.53 14.07
2019-06-30 89.63 -52.70 11.95
2019-03-31 99.52 -40.42 12.21
2018-12-31 98.66 7.03 11.91
2018-09-30 98.21 44.09 13.91
2018-06-30 93.60 48.46 14.81
2018-03-31 86.95 112.17 13.81
2017-12-31 95.97 72.54 14.72
2016-12-31 70.96 14.69 12.72
2015-12-31 108.02 29.44 20.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Falcon Minerals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Falcon Minerals used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Falcon Minerals has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Falcon Minerals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Falcon Minerals has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2JT Health

 How is Falcon Minerals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Falcon Minerals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Falcon Minerals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Falcon Minerals's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Falcon Minerals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Falcon Minerals Company Filings, last reported 3 months ago.

DB:2JT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 245.03 42.50 2.54
2019-09-30 251.60 38.00 2.63
2019-06-30 257.56 36.50 2.87
2019-03-31 263.37 28.50 3.09
2018-12-31 269.71 21.00 7.32
2018-09-30 263.58 38.00 12.91
2018-06-30 252.54 30.88 35.39
2018-03-31 235.54 30.87 14.89
2017-12-31 289.16 57.00 8.35
2016-12-31 373.87 58.65 8.05
2015-12-31
  • Falcon Minerals's level of debt (17.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Falcon Minerals's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (130%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.9x coverage).
X
Financial health checks
We assess Falcon Minerals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Falcon Minerals has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2JT Dividends

 What is Falcon Minerals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
22.78%
Current annual income from Falcon Minerals dividends. Estimated to be 21.14% next year.
If you bought €2,000 of Falcon Minerals shares you are expected to receive €456 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Falcon Minerals's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Falcon Minerals's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2JT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2JT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.70 2.00
2023-12-31 0.69 2.00
2022-12-31 0.60 5.00
2021-12-31 0.48 8.00
2020-12-31 0.34 7.00
2020-04-09
DB:2JT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.540 24.220
2020-03-09 0.540 21.878
2019-11-08 0.540 9.700
2019-08-05 0.600 9.652
2019-05-08 0.700 8.985
2019-05-07 0.700 8.621
2019-02-07 0.800 9.555
2018-11-13 0.900 11.342
2018-11-08 0.900 10.352

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Falcon Minerals has stable dividend payments.
  • Falcon Minerals only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Falcon Minerals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Falcon Minerals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Falcon Minerals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Falcon Minerals has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2JT Management

 What is the CEO of Falcon Minerals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Herz
COMPENSATION $166,667
AGE 42
TENURE AS CEO 1.7 years
CEO Bio

Mr. Daniel C. Herz is the Chief Executive Officer and President of Falcon Minerals Corp., since August 2018 and April 2017. He is Founder of Falcon Minerals Corporation. He was the President of Osprey Energy Acquisition Corp. since April 2017. He served as Executive Vice President and Director of Atlas Resources, LLC. He served as the Chief Executive Officer of Titan Energy, LLC from September 2016 to August 23, 2018. Mr. Herz is Co-Owner of Osprey Sponsor, LLC. He had been the President of Atlas Energy Gp, LLC from September 25, 2015 to 2018. He has been Chief Executive Officer at ARP’s since August 2015. Mr. Herz has been President and a director of the general partner of Atlas Growth Partners, L.P. since 2013. He serves as Executive Director of Atlas Eagle Ford 2016 L.P. Mr. Herz was the President of Atlas Energy Group, LLC from April 2015 to October 31, 2018. He served as Executive Vice President of Atlas Resources, LLC - Managing General Partner of Dgoc Series 28, L.P. from May 2011 to August 23, 2018. Mr. Herz served as an Executive Vice President of Atlas Resources LLC from May 2011 to June 30, 2017. He served as the Chief Executive Officer of Atlas Resource Partners GP, LLC from April 14, 2015 to September 25, 2015. Mr. Herz served as Senior Vice President of Corporate Development & Strategy at Atlas Resource Partners GP, LLC, General Partner of Atlas Resource Partners, L.P., from March 2012 to April 2015. He served as Executive Vice President and Director of Atlas Resources LLC at DGOC Series 18(C), L.P. Mr. Herz served as Senior Vice President of Corporate Development & Strategy of Atlas Energy GP, LLC, GP at Atlas Energy, L.P since February 2011. He served as Senior Vice President of Corporate Development & Strategy at Atlas Energy Group, LLC from 2007 to April 14, 2015. Mr. Herz served as Senior Vice President of Corporate Development at Arkhan Corporation since August 2007. He served as Senior Vice President of Corporate Development of Atlas Pipeline Holdings GP, LLC, a General Partner of Atlas Energy, L.P. since August 2007. Mr. Herz served as Senior Vice President of Corporate Development of Atlas Energy, Inc. and Atlas Energy Resources, LLC from August 2007 to February 2011. He served as the Chief Executive Officer of Atlas Resource Partners Gp, Llc - General Partner at Titan Energy, LLC since April 14, 2015. Mr. Herz served as Senior Vice President of Corporate Development at Atlas Pipeline Partners GP LLC, the General Partner of Targa Pipeline Partners LP from August 2007 to February 2015. He served as Senior Vice President of Corporate Development and Strategy of the general partner of Atlas Energy, L.P. from February 2011 until February 2015 and Vice President of Corporate Development from January 2006 until February 2011. Mr. Herz served as Vice President of Corporate Development at Atlas Pipeline Partners GP LLC from December 2004 to August 2007. He joined Atlas America and Atlas Pipeline Partners GP in January 2004. Mr. Herz served as Vice President of Corporate Development of Atlas America of Targa Pipeline Partners LP since July 2004. He served as Vice President of Corporate Development of Atlas Energy, Inc. from December 2004 to August 2007. Mr. Herz served as Vice President of Corporate Development of Atlas Pipeline Holdings GP LLC since January 2006. He served as an Associate Investment Banker of Banc of America Securities from 2002 to 2003 and an Analyst of Energy Group from 1999 to 2002. Mr. Herz served as a Director of Osprey Energy Acquisition Corp. since April 2017 until July 19, 2018. He serves as a Director at Dgoc Series 28, L.P. Mr. Herz has been a Director at Titan Energy, LLC since September 2016. He served as Director of Atlas Resources, L.L.C. until August 23, 2018. Mr. Herz serves as Chief Executive Officer & President at Falcon Minerals Corporation. He graduated with a BA in Economics from Indiana University in 1999.

CEO Compensation
  • Insufficient data for Daniel to compare compensation growth.
  • Daniel's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Falcon Minerals management team in years:

1.5
Average Tenure
42
Average Age
  • The average tenure for the Falcon Minerals management team is less than 2 years, this suggests a new team.
Management Team

Daniel Herz

TITLE
Founder
COMPENSATION
$167K
AGE
42
TENURE
1.7 yrs

Jeff Brotman

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$117K
AGE
55

Bryan Gunderson

TITLE
Chief Financial Officer
TENURE
0.8 yrs

Mike Downs

TITLE
Chief Operating Officer
TENURE
1.5 yrs

Stephen Pilatzke

TITLE
Chief Accounting Officer
AGE
40
TENURE
1.5 yrs

Brian Begley

TITLE
Vice President of IR
Board of Directors Tenure

Average tenure and age of the Falcon Minerals board of directors in years:

1.7
Average Tenure
46
Average Age
  • The average tenure for the Falcon Minerals board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jonathan Cohen

TITLE
Chairman
COMPENSATION
$89K
AGE
48
TENURE
1.7 yrs

Ed Cohen

TITLE
Vice Chairman
COMPENSATION
$89K
AGE
80
TENURE
1.7 yrs

Jonathan Hamilton

TITLE
Independent Director
AGE
29
TENURE
1.7 yrs

Brian Frank

TITLE
Independent Director
COMPENSATION
$36K
AGE
45
TENURE
2.8 yrs

Eric Liaw

TITLE
Independent Director
AGE
38
TENURE
1 yrs

Steven Jones

TITLE
Independent Director
COMPENSATION
$36K
AGE
46
TENURE
2.5 yrs

Adam Jenkins

TITLE
Independent Director
AGE
35
TENURE
1.7 yrs

William Anderson

TITLE
Independent Director
COMPENSATION
$36K
AGE
64
TENURE
1.7 yrs

Al Hirshberg

TITLE
Independent Director
AGE
58
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Falcon Minerals individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Mar 20 Buy Alan Hirshberg Individual 12. Mar 20 12. Mar 20 20,000 €2.12 €42,474
29. Jan 20 Sell Hite Hedge Asset Management LLC Company 04. Nov 19 04. Nov 19 -1,100 €5.83 €-6,417
29. Jan 20 Sell Hite Hedge Asset Management LLC Company 04. Nov 19 27. Jan 20 -1,048,900 €5.90 €-5,324,487
24. Oct 19 Sell Hite Hedge Asset Management LLC Company 22. Oct 19 22. Oct 19 -117,627 €5.85 €-688,395
16. Oct 19 Sell Hite Hedge Asset Management LLC Company 11. Oct 19 11. Oct 19 -28,642 €6.17 €-176,781
13. Sep 19 Sell Hite Hedge Asset Management LLC Company 11. Sep 19 11. Sep 19 -176,400 €6.40 €-1,129,344
09. Aug 19 Buy Alan Hirshberg Individual 08. Aug 19 08. Aug 19 35,611 €5.62 €200,097
09. Jul 19 Sell Hite Hedge Asset Management LLC Company 28. Jun 19 28. Jun 19 -647,031 €7.38 €-4,776,331
16. May 19 Buy Alan Hirshberg Individual 14. May 19 14. May 19 30,000 €7.14 €214,128
X
Management checks
We assess Falcon Minerals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Falcon Minerals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2JT News

Simply Wall St News

2JT Company Info

Description

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 75,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia. The company is based in New York, New York.

Details
Name: Falcon Minerals Corporation
2JT
Exchange: DB
Founded:
$183,401,181
$100,175,712
85,963,716
Website: http://www.falconminerals.com
Address: Falcon Minerals Corporation
510 Madison Avenue,
8th Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM FLMN Class A Common Stock Nasdaq Capital Market US USD 24. Aug 2018
DB 2JT Class A Common Stock Deutsche Boerse AG DE EUR 24. Aug 2018
Number of employees
Current staff
Staff numbers
12
Falcon Minerals employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 01:37
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.