TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
297.33 USD
-5.47 (-1.81%)
297.33 USD
0 (0%)
TPL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the health and profitability get an excellent rating, making TPL a very profitable company, without any liquidiy or solvency issues. TPL is not valued too expensively and it also shows a decent growth rate. These ratings would make TPL suitable 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.
In the past 5 years TPL always reported a positive cash flow from operatings.
1.2 Ratios
TPL's Return On Assets of 31.24% is amongst the best of the industry. TPL outperforms 96.67% of its industry peers.
TPL has a Return On Equity of 34.82%. This is amongst the best in the industry. TPL outperforms 93.81% of its industry peers.
TPL has a better Return On Invested Capital (31.87%) than 97.62% of its industry peers.
TPL had an Average Return On Invested Capital over the past 3 years of 40.76%. This is significantly above the industry average of 21.09%.
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
Looking at the Profit Margin, with a value of 61.68%, TPL belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
TPL's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 75.80%, TPL belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
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 98.10% 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
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.
The number of shares outstanding for TPL has been reduced compared to 5 years ago.
TPL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 83.47 indicates that TPL is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 83.47, TPL belongs to the best of the industry, outperforming 99.05% of the companies in the same industry.
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 | 83.47 |
ROIC/WACC3.62
WACC8.81%
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 93.81% of its industry peers.
TPL has a Quick Ratio of 8.70. This indicates that TPL is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 8.70, TPL belongs to the top of the industry, outperforming 94.76% of the companies in the same industry.
| 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%.
Measured over the past 5 years, TPL shows a small growth in Earnings Per Share. The EPS has been growing by 7.56% on average per year.
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
Based on estimates for the next years, TPL will show a small growth in Earnings Per Share. The EPS will grow by 7.21% on average per year.
The Revenue is expected to grow by 12.36% on average over the next years. This is quite good.
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.
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
With a Price/Earnings ratio of 14.36, TPL is valued correctly.
Based on the Price/Earnings ratio, TPL is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 26.50. TPL is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 11.64, which indicates a very decent valuation of TPL.
Based on the Price/Forward Earnings ratio, TPL is valued a bit more expensive than 60.48% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TPL to the average of the S&P500 Index (23.93), we can say TPL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.36 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
70.95% of the companies in the same industry are cheaper than TPL, based on the Enterprise Value to EBITDA ratio.
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 | 34.25 | ||
| EV/EBITDA | 31.91 |
4.3 Compensation for Growth
TPL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of TPL may justify a higher PE ratio.
PEG (NY)1.74
PEG (5Y)1.9
EPS Next 2Y13.81%
EPS Next 3Y7.21%
5. Dividend
5.1 Amount
TPL has a yearly dividend return of 0.71%, which is pretty low.
Compared to an average industry Dividend Yield of 3.95, TPL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 1.87, TPL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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%
297.33
-5.47 (-1.81%)
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 Cap6.83B
Revenue(TTM)772.39M
Net Income(TTM)476.39M
Analysts74.29
Price TargetN/A
Short Float %7.52%
Short Ratio12.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.71% |
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)-1.08%
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 | 14.36 | ||
| Fwd PE | 11.64 | ||
| P/S | 8.85 | ||
| P/FCF | 34.25 | ||
| P/OCF | 12.23 | ||
| P/B | 4.99 | ||
| P/tB | 5.12 | ||
| EV/EBITDA | 31.91 |
EPS(TTM)20.7
EY6.96%
EPS(NY)25.54
Fwd EY8.59%
FCF(TTM)8.68
FCFY2.92%
OCF(TTM)24.32
OCFY8.18%
SpS33.61
BVpS59.53
TBVpS58.07
PEG (NY)1.74
PEG (5Y)1.9
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 | 83.47 |
F-Score6
WACC8.81%
ROIC/WACC3.62
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 4 / 10 to TEXAS PACIFIC LAND CORP (TPL). This can be considered as Fairly Valued.
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 14.36 and the Price/Book (PB) ratio is 4.99.
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.