TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
839.63 USD
+0.99 (+0.12%)
840.31 USD
+0.68 (+0.08%)
Taking everything into account, TPL scores 7 out of 10 in our fundamental rating. TPL was compared to 208 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
TPL had positive earnings in the past year.
TPL had a positive operating cash flow in the past year.
In the past 5 years TPL has always been profitable.
Each year in the past 5 years TPL had a positive operating cash flow.
1.2 Ratios
TPL's Return On Assets of 31.24% is amongst the best of the industry. TPL outperforms 96.63% of its industry peers.
TPL has a better Return On Equity (34.82%) than 93.75% of its industry peers.
With an excellent Return On Invested Capital value of 31.87%, TPL belongs to the best of the industry, outperforming 97.60% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for TPL is significantly above the industry average of 20.87%.
The last Return On Invested Capital (31.87%) 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 | 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
With an excellent Profit Margin value of 61.68%, TPL belongs to the best of the industry, outperforming 95.19% of the companies in the same industry.
In the last couple of years the Profit Margin of TPL has remained more or less at the same level.
TPL's Operating Margin of 75.80% is amongst the best of the industry. TPL outperforms 96.63% 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 94.13%, TPL belongs to the top of the industry, outperforming 98.08% of the companies in the same industry.
In the last couple of years the Gross Margin of TPL has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TPL is creating value.
The number of shares outstanding for TPL remains at a similar level compared to 1 year ago.
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 77.35. This indicates that TPL is financially healthy and has little risk of bankruptcy at the moment.
TPL's Altman-Z score of 77.35 is amongst the best of the industry. TPL outperforms 99.04% 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 | 77.35 |
ROIC/WACC3.61
WACC8.83%
2.3 Liquidity
A Current Ratio of 8.70 indicates that TPL has no problem at all paying its short term obligations.
TPL's Current ratio of 8.70 is amongst the best of the industry. TPL outperforms 93.75% of its industry peers.
A Quick Ratio of 8.70 indicates that TPL has no problem at all paying its short term obligations.
The Quick ratio of TPL (8.70) is better than 94.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.7 | ||
| Quick Ratio | 8.7 |
3. Growth
3.1 Past
TPL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.21%.
TPL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.56% yearly.
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
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
A Price/Earnings ratio of 40.56 indicates a quite expensive valuation of TPL.
Based on the Price/Earnings ratio, TPL is valued a bit more expensive than 65.38% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.55, TPL is valued quite expensively.
A Price/Forward Earnings ratio of 32.87 indicates a quite expensive valuation of TPL.
Based on the Price/Forward Earnings ratio, TPL is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of TPL to the average of the S&P500 Index (23.78), we can say TPL is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.56 | ||
| Fwd PE | 32.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TPL is valued a bit more expensive than 71.63% of the companies in the same industry.
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 | 96.71 | ||
| EV/EBITDA | 29.39 |
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.
The excellent profitability rating of TPL may justify a higher PE ratio.
PEG (NY)4.92
PEG (5Y)5.37
EPS Next 2Y13.81%
EPS Next 3Y7.21%
5. Dividend
5.1 Amount
TPL has a yearly dividend return of 0.72%, which is pretty low.
TPL's Dividend Yield is slightly below the industry average, which is at 3.83.
With a Dividend Yield of 0.72, TPL pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
5.2 History
On average, the dividend of TPL grows each year by 49.85%, which is quite nice.
TPL has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of TPL decreased 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%
839.63
+0.99 (+0.12%)
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 Cap19.29B
Revenue(TTM)772.39M
Net Income(TTM)476.39M
Analysts74.29
Price Target970.87 (15.63%)
Short Float %6.93%
Short Ratio11.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
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)-8.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.56 | ||
| Fwd PE | 32.87 | ||
| P/S | 24.98 | ||
| P/FCF | 96.71 | ||
| P/OCF | 34.53 | ||
| P/B | 14.1 | ||
| P/tB | 14.46 | ||
| EV/EBITDA | 29.39 |
EPS(TTM)20.7
EY2.47%
EPS(NY)25.54
Fwd EY3.04%
FCF(TTM)8.68
FCFY1.03%
OCF(TTM)24.32
OCFY2.9%
SpS33.61
BVpS59.53
TBVpS58.07
PEG (NY)4.92
PEG (5Y)5.37
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 | 77.35 |
F-Score6
WACC8.83%
ROIC/WACC3.61
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 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 40.56 and the Price/Book (PB) ratio is 14.1.
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.