TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
925.08 USD
+5.33 (+0.58%)
925.08 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to TPL. TPL was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. TPL scores excellent points on both the profitability and health parts. This is a solid base for a good stock. TPL is valied quite expensively at the moment, while it does show a decent growth rate. These ratings could make TPL a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
TPL had positive earnings in the past year.
TPL had a positive operating cash flow in the past year.
TPL had positive earnings in each of the past 5 years.
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 31.24%, TPL belongs to the top of the industry, outperforming 96.65% of the companies in the same industry.
TPL has a Return On Equity of 34.82%. This is amongst the best in the industry. TPL outperforms 93.78% of its industry peers.
TPL has a Return On Invested Capital of 31.87%. This is amongst the best in the industry. TPL outperforms 97.61% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for TPL is significantly above the industry average of 20.88%.
The 3 year average ROIC (40.76%) for TPL is well above the current ROIC(31.87%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.24% | ||
| ROE | 34.82% | ||
| ROIC | 31.87% |
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
TPL's Profit Margin of 61.68% is amongst the best of the industry. TPL outperforms 95.22% of its industry peers.
TPL's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 75.80%, TPL belongs to the top of the industry, outperforming 96.65% of the companies in the same industry.
TPL's Operating Margin has been stable in the last couple of years.
TPL's Gross Margin of 94.13% is amongst the best of the industry. TPL outperforms 98.09% of its industry peers.
TPL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.8% | ||
| PM (TTM) | 61.68% | ||
| GM | 94.13% |
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
TPL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
TPL has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, TPL has less shares outstanding
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 84.94. This indicates that TPL is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TPL (84.94) is better than 98.56% of its industry peers.
TPL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 84.94 |
ROIC/WACC3.63
WACC8.78%
2.3 Liquidity
TPL has a Current Ratio of 8.70. This indicates that TPL is financially healthy and has no problem in meeting its short term obligations.
TPL has a Current ratio of 8.70. This is amongst the best in the industry. TPL outperforms 92.82% of its industry peers.
A Quick Ratio of 8.70 indicates that TPL has no problem at all paying its short term obligations.
TPL has a better Quick ratio (8.70) than 93.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.7 | ||
| Quick Ratio | 8.7 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.21% over the past year.
The Earnings Per Share has been growing slightly by 7.56% on average over the past years.
The Revenue has grown by 12.48% in the past year. This is quite good.
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)12.48%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%17.01%
3.2 Future
TPL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.21% yearly.
TPL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.36% yearly.
EPS Next Y8.25%
EPS Next 2Y13.81%
EPS Next 3Y7.21%
EPS Next 5YN/A
Revenue Next Year7.07%
Revenue Next 2Y13.96%
Revenue Next 3Y12.36%
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 stable.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 44.69, the valuation of TPL can be described as expensive.
Based on the Price/Earnings ratio, TPL is valued a bit more expensive than 64.59% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.49. TPL is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 36.22 indicates a quite expensive valuation of TPL.
Based on the Price/Forward Earnings ratio, TPL is valued a bit more expensive than 61.24% of the companies in the same industry.
TPL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.69 | ||
| Fwd PE | 36.22 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TPL is valued a bit more expensive than the industry average as 71.77% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TPL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 106.56 | ||
| EV/EBITDA | 32.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TPL does not grow enough to justify the current Price/Earnings ratio.
TPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.42
PEG (5Y)5.91
EPS Next 2Y13.81%
EPS Next 3Y7.21%
5. Dividend
5.1 Amount
With a yearly dividend of 0.70%, TPL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.71, TPL is paying slightly less dividend.
With a Dividend Yield of 0.70, TPL pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
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
TPL pays out 31.02% of its income as dividend. This is a sustainable payout ratio.
The dividend of TPL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP31.02%
EPS Next 2Y13.81%
EPS Next 3Y7.21%
925.08
+5.33 (+0.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners72.43%
Inst Owner Change0%
Ins Owners5.21%
Ins Owner Change0.01%
Market Cap21.26B
Revenue(TTM)772.39M
Net Income(TTM)476.39M
Analysts74.29
Price Target970.87 (4.95%)
Short Float %6.93%
Short Ratio11.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.7% |
Yearly Dividend15.11
Dividend Growth(5Y)49.85%
DP31.02%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-41.15%
Min EPS beat(2)-72.72%
Max EPS beat(2)-9.57%
EPS beat(4)0
Avg EPS beat(4)-38.47%
Min EPS beat(4)-72.72%
Max EPS beat(4)-0.97%
EPS beat(8)2
Avg EPS beat(8)-19.64%
EPS beat(12)3
Avg EPS beat(12)-15.18%
EPS beat(16)4
Avg EPS beat(16)-11.72%
Revenue beat(2)0
Avg Revenue beat(2)-6.36%
Min Revenue beat(2)-9.86%
Max Revenue beat(2)-2.86%
Revenue beat(4)1
Avg Revenue beat(4)-2.71%
Min Revenue beat(4)-9.86%
Max Revenue beat(4)4.39%
Revenue beat(8)3
Avg Revenue beat(8)-0.6%
Revenue beat(12)4
Avg Revenue beat(12)-1.72%
Revenue beat(16)6
Avg Revenue beat(16)-0.5%
PT rev (1m)1.37%
PT rev (3m)-13.15%
EPS NQ rev (1m)-3.85%
EPS NQ rev (3m)-72.24%
EPS NY rev (1m)-8.41%
EPS NY rev (3m)-13.27%
Revenue NQ rev (1m)-2.68%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)-8.5%
Revenue NY rev (3m)-8.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.69 | ||
| Fwd PE | 36.22 | ||
| P/S | 27.52 | ||
| P/FCF | 106.56 | ||
| P/OCF | 38.04 | ||
| P/B | 15.54 | ||
| P/tB | 15.93 | ||
| EV/EBITDA | 32.51 |
EPS(TTM)20.7
EY2.24%
EPS(NY)25.54
Fwd EY2.76%
FCF(TTM)8.68
FCFY0.94%
OCF(TTM)24.32
OCFY2.63%
SpS33.61
BVpS59.53
TBVpS58.07
PEG (NY)5.42
PEG (5Y)5.91
Graham Number166.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 31.24% | ||
| ROE | 34.82% | ||
| ROCE | 40.65% | ||
| ROIC | 31.87% | ||
| ROICexc | 50.53% | ||
| ROICexgc | 53.55% | ||
| OM | 75.8% | ||
| PM (TTM) | 61.68% | ||
| GM | 94.13% | ||
| FCFM | 25.83% |
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-Score6
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 690.06% | ||
| Cap/Sales | 46.52% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 87.65% | ||
| Profit Quality | 41.88% | ||
| Current Ratio | 8.7 | ||
| Quick Ratio | 8.7 | ||
| Altman-Z | 84.94 |
F-Score6
WACC8.78%
ROIC/WACC3.63
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 Y8.25%
EPS Next 2Y13.81%
EPS Next 3Y7.21%
EPS Next 5YN/A
Revenue 1Y (TTM)12.48%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%17.01%
Revenue Next Year7.07%
Revenue Next 2Y13.96%
Revenue Next 3Y12.36%
Revenue Next 5YN/A
EBIT growth 1Y10.37%
EBIT growth 3Y14.16%
EBIT growth 5Y6.17%
EBIT Next Year17.13%
EBIT Next 3Y16.27%
EBIT Next 5YN/A
FCF growth 1Y-47.03%
FCF growth 3Y-36.45%
FCF growth 5Y-22.66%
OCF growth 1Y27.19%
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 2 / 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 44.69 and the Price/Book (PB) ratio is 15.54.
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 8.25% in the next year.