What is LandBridge Co LLC worth?
With the base-case assumptions below, a discounted cash flow model on LandBridge Co LLC's reported free cash flow gives $43.03 per share. The share price was $66.24 on November 10, 2026, 54% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $22.35 | -66% |
| Base | 15.0% | 9.0% | $43.03 | -35% |
| Bull | 20.0% | 8.0% | $81.51 | +23% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $58.68 | $63.55 | $69.52 | $76.97 | $86.56 |
| 8.0% | $46.92 | $50.08 | $53.82 | $58.31 | $63.80 |
| 9.0% | $38.37 | $40.53 | $43.03 | $45.94 | $49.38 |
| 10.0% | $31.88 | $33.42 | $35.16 | $37.15 | $39.45 |
| 11.0% | $26.80 | $27.93 | $29.19 | $30.61 | $32.22 |
Where the presets come from
Base: years 1 to 5 grow at LandBridge Co LLC's revenue growth rate over the last 1 fiscal years (173.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions