TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
1011.13 USD
+92.08 (+10.02%)
1015.35 USD
+4.22 (+0.42%)
Taking everything into account, TPL scores 7 out of 10 in our fundamental rating. TPL was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. TPL gets an excellent profitability rating and is at the same time showing great financial health properties. TPL is valied quite expensively at the moment, while it does show a decent growth rate. This makes TPL very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year TPL was profitable.
In the past year TPL had a positive cash flow from operations.
Each year in the past 5 years TPL has been profitable.
TPL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 32.87%, TPL belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
With an excellent Return On Equity value of 35.82%, TPL belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
TPL's Return On Invested Capital of 32.52% is amongst the best of the industry. TPL outperforms 97.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TPL is significantly above the industry average of 21.78%.
The last Return On Invested Capital (32.52%) for TPL is well below the 3 year average (40.76%), which needs to be investigated, but indicates that TPL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.87% | ||
| ROE | 35.82% | ||
| ROIC | 32.52% |
ROA(3y)40.77%
ROA(5y)37.69%
ROE(3y)45.57%
ROE(5y)42.89%
ROIC(3y)40.76%
ROIC(5y)38.64%
1.3 Margins
The Profit Margin of TPL (62.16%) is better than 95.24% of its industry peers.
TPL's Profit Margin has been stable in the last couple of years.
TPL has a better Operating Margin (75.88%) than 96.67% of its industry peers.
TPL's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 94.53%, TPL belongs to the top of the industry, outperforming 98.57% of the companies in the same industry.
TPL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.88% | ||
| PM (TTM) | 62.16% | ||
| GM | 94.53% |
OM growth 3Y-1.68%
OM growth 5Y-1.28%
PM growth 3Y2.42%
PM growth 5Y-0.21%
GM growth 3Y-1.25%
GM growth 5Y-0.48%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TPL is creating value.
Compared to 1 year ago, TPL has about the same amount of shares outstanding.
TPL has less shares outstanding than it did 5 years ago.
There is no outstanding debt for TPL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
TPL has an Altman-Z score of 124.28. This indicates that TPL is financially healthy and has little risk of bankruptcy at the moment.
TPL's Altman-Z score of 124.28 is amongst the best of the industry. TPL outperforms 98.57% of its industry peers.
There is no outstanding debt for TPL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 124.28 |
ROIC/WACC3.69
WACC8.81%
2.3 Liquidity
TPL has a Current Ratio of 14.58. This indicates that TPL is financially healthy and has no problem in meeting its short term obligations.
TPL has a better Current ratio (14.58) than 97.62% of its industry peers.
A Quick Ratio of 14.58 indicates that TPL has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 14.58, TPL belongs to the top of the industry, outperforming 97.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.58 | ||
| Quick Ratio | 14.58 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.21% over the past year.
TPL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.56% yearly.
TPL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.75%.
The Revenue has been growing slightly by 7.55% on average over the past years.
EPS 1Y (TTM)6.21%
EPS 3Y19.3%
EPS 5Y7.56%
EPS Q2Q%13.82%
Revenue 1Y (TTM)11.75%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%17.01%
3.2 Future
TPL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.61% yearly.
The Revenue is expected to grow by 14.11% on average over the next years. This is quite good.
EPS Next Y18.18%
EPS Next 2Y11.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.02%
Revenue Next 2Y14.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 48.85, which means the current valuation is very expensive for TPL.
TPL's Price/Earnings ratio is a bit more expensive when compared to the industry. TPL is more expensive than 65.24% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.67, TPL is valued quite expensively.
A Price/Forward Earnings ratio of 41.16 indicates a quite expensive valuation of TPL.
62.38% of the companies in the same industry are cheaper than TPL, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 31.86. TPL is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.85 | ||
| Fwd PE | 41.16 |
4.2 Price Multiples
70.00% of the companies in the same industry are cheaper than TPL, based on the Enterprise Value to EBITDA ratio.
TPL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 272.29 | ||
| EV/EBITDA | 37.41 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of TPL may justify a higher PE ratio.
PEG (NY)2.69
PEG (5Y)6.46
EPS Next 2Y11.61%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.63%, TPL is not a good candidate for dividend investing.
TPL's Dividend Yield is slightly below the industry average, which is at 6.81.
With a Dividend Yield of 0.63, TPL pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
5.2 History
The dividend of TPL is nicely growing with an annual growth rate of 49.85%!
TPL has paid a dividend for at least 10 years, which is a reliable track record.
TPL has decreased its dividend recently.
Dividend Growth(5Y)49.85%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
79.64% of the earnings are spent on dividend by TPL. This is not a sustainable payout ratio.
The dividend of TPL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP79.64%
EPS Next 2Y11.61%
EPS Next 3YN/A
1011.13
+92.08 (+10.02%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners71.92%
Inst Owner Change-0.14%
Ins Owners0.85%
Ins Owner Change0.01%
Market Cap23.24B
Revenue(TTM)705.82M
Net Income(TTM)461.75M
Analysts74.29
Price Target957.76 (-5.28%)
Short Float %7.16%
Short Ratio11.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.63% |
Yearly Dividend15.11
Dividend Growth(5Y)49.85%
DP79.64%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-71.67%
Min EPS beat(2)-72.72%
Max EPS beat(2)-70.62%
EPS beat(4)0
Avg EPS beat(4)-39.67%
Min EPS beat(4)-72.72%
Max EPS beat(4)-0.97%
EPS beat(8)2
Avg EPS beat(8)-19.59%
EPS beat(12)4
Avg EPS beat(12)-13.06%
EPS beat(16)5
Avg EPS beat(16)-10.03%
Revenue beat(2)0
Avg Revenue beat(2)-6.18%
Min Revenue beat(2)-9.86%
Max Revenue beat(2)-2.49%
Revenue beat(4)1
Avg Revenue beat(4)-3.22%
Min Revenue beat(4)-9.86%
Max Revenue beat(4)4.39%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.84%
Revenue beat(16)7
Avg Revenue beat(16)0.39%
PT rev (1m)-14.32%
PT rev (3m)-14.71%
EPS NQ rev (1m)-69.9%
EPS NQ rev (3m)-69.9%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.42%
Revenue NQ rev (1m)-3.27%
Revenue NQ rev (3m)-3.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.85 | ||
| Fwd PE | 41.16 | ||
| P/S | 31.28 | ||
| P/FCF | 272.29 | ||
| P/OCF | 44.45 | ||
| P/B | 18.03 | ||
| P/tB | 18.52 | ||
| EV/EBITDA | 37.41 |
EPS(TTM)20.7
EY2.05%
EPS(NY)24.56
Fwd EY2.43%
FCF(TTM)3.71
FCFY0.37%
OCF(TTM)22.75
OCFY2.25%
SpS32.33
BVpS56.09
TBVpS54.61
PEG (NY)2.69
PEG (5Y)6.46
Graham Number161.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.87% | ||
| ROE | 35.82% | ||
| ROCE | 41.48% | ||
| ROIC | 32.52% | ||
| ROICexc | 54.23% | ||
| ROICexgc | 57.44% | ||
| OM | 75.88% | ||
| PM (TTM) | 62.16% | ||
| GM | 94.53% | ||
| FCFM | 11.49% |
ROA(3y)40.77%
ROA(5y)37.69%
ROE(3y)45.57%
ROE(5y)42.89%
ROIC(3y)40.76%
ROIC(5y)38.64%
ROICexc(3y)95.15%
ROICexc(5y)89.84%
ROICexgc(3y)98.68%
ROICexgc(5y)92.36%
ROCE(3y)51.99%
ROCE(5y)49.28%
ROICexgc growth 3Y-19.02%
ROICexgc growth 5Y-14.71%
ROICexc growth 3Y-20.28%
ROICexc growth 5Y-15.41%
OM growth 3Y-1.68%
OM growth 5Y-1.28%
PM growth 3Y2.42%
PM growth 5Y-0.21%
GM growth 3Y-1.25%
GM growth 5Y-0.48%
F-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 1020.39% | ||
| Cap/Sales | 58.88% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.18% | ||
| Profit Quality | 18.48% | ||
| Current Ratio | 14.58 | ||
| Quick Ratio | 14.58 | ||
| Altman-Z | 124.28 |
F-Score7
WACC8.81%
ROIC/WACC3.69
Cap/Depr(3y)748.21%
Cap/Depr(5y)504.83%
Cap/Sales(3y)24.41%
Cap/Sales(5y)17.08%
Profit Quality(3y)65.9%
Profit Quality(5y)78.56%
High Growth Momentum
Growth
EPS 1Y (TTM)6.21%
EPS 3Y19.3%
EPS 5Y7.56%
EPS Q2Q%13.82%
EPS Next Y18.18%
EPS Next 2Y11.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.75%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%17.01%
Revenue Next Year17.02%
Revenue Next 2Y14.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.34%
EBIT growth 3Y14.16%
EBIT growth 5Y6.17%
EBIT Next Year34.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-79.2%
FCF growth 3Y-36.45%
FCF growth 5Y-22.66%
OCF growth 1Y15.91%
OCF growth 3Y22.77%
OCF growth 5Y7.44%
TEXAS PACIFIC LAND CORP / TPL FAQ
What is the fundamental rating for TPL stock?
ChartMill assigns a fundamental rating of 7 / 10 to TPL.
What is the valuation status for TPL stock?
ChartMill assigns a valuation rating of 1 / 10 to TEXAS PACIFIC LAND CORP (TPL). This can be considered as Overvalued.
How profitable is TEXAS PACIFIC LAND CORP (TPL) stock?
TEXAS PACIFIC LAND CORP (TPL) has a profitability rating of 9 / 10.
Can you provide the PE and PB ratios for TPL stock?
The Price/Earnings (PE) ratio for TEXAS PACIFIC LAND CORP (TPL) is 48.85 and the Price/Book (PB) ratio is 18.03.
Can you provide the expected EPS growth for TPL stock?
The Earnings per Share (EPS) of TEXAS PACIFIC LAND CORP (TPL) is expected to grow by 18.18% in the next year.