TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:TPL - US88262P1021 - Common Stock
287.54 USD
-8.46 (-2.86%)
287.54 USD
0 (0%)
Overall TPL gets a fundamental rating of 8 out of 10. We evaluated TPL against 209 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 not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make TPL a good candidate for growth and quality investing.
1. Profitability
1.1 Basic Checks
In the past year TPL was profitable.
TPL had a positive operating cash flow in the past year.
TPL had positive earnings in each of the past 5 years.
Each year in the past 5 years TPL had a positive operating cash flow.
1.2 Ratios
The Return On Assets of TPL (31.24%) is better than 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.
Looking at the Return On Invested Capital, with a value of 31.87%, TPL belongs to the top of the industry, outperforming 97.62% 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 21.18%.
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
The Profit Margin of TPL (61.68%) is better than 95.24% of its industry peers.
In the last couple of years the Profit Margin of TPL has remained more or less at the same level.
Looking at the Operating Margin, with a value of 75.80%, TPL belongs to the top 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.
With an excellent Gross Margin value of 94.13%, TPL belongs to the best of the industry, outperforming 98.10% 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 | 75.8% | ||
| 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.
Compared to 5 years ago, TPL has less shares outstanding
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
TPL has an Altman-Z score of 28.93. This indicates that TPL is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 28.93, TPL belongs to the top of the industry, outperforming 97.14% 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 | 28.93 |
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's Current ratio of 8.70 is amongst the best of the industry. TPL outperforms 93.81% 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 94.29% 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 grown by an impressive 79.34% 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.
Looking at the last year, TPL shows a quite strong growth in Revenue. The Revenue has grown by 12.48% in the last year.
Measured over the past years, TPL shows a small growth in Revenue. The Revenue has been growing by 7.55% on average per year.
EPS 1Y (TTM)79.34%
EPS 3Y50.08%
EPS 5Y7.56%
EPS Q2Q%-62.06%
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 strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.93% yearly.
TPL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.47% yearly.
EPS Next Y62.77%
EPS Next 2Y38.35%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue Next Year9.11%
Revenue Next 2Y14.05%
Revenue Next 3Y12.47%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
TPL is valuated correctly with a Price/Earnings ratio of 16.73.
TPL's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.92. TPL is valued slightly cheaper when compared to this.
TPL is valuated reasonably with a Price/Forward Earnings ratio of 11.48.
TPL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. TPL is cheaper than 67.14% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of TPL to the average of the S&P500 Index (23.46), we can say TPL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.73 | ||
| Fwd PE | 11.48 |
4.2 Price Multiples
TPL's Enterprise Value to EBITDA ratio is in line with the industry average.
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 | 33.12 | ||
| EV/EBITDA | 9.53 |
4.3 Compensation for Growth
TPL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
TPL has an outstanding profitability rating, which may justify a higher PE ratio.
TPL's earnings are expected to grow with 24.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)2.21
EPS Next 2Y38.35%
EPS Next 3Y24.93%
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 3.93.
With a Dividend Yield of 0.72, TPL pays less dividend than the S&P500 average, which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
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.
TPL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.02%
EPS Next 2Y38.35%
EPS Next 3Y24.93%
287.54
-8.46 (-2.86%)
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 Cap6.61B
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 | 0.72% |
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)4.33%
PT rev (3m)-13.15%
EPS NQ rev (1m)-67.03%
EPS NQ rev (3m)-90.75%
EPS NY rev (1m)-8.6%
EPS NY rev (3m)-13.46%
Revenue NQ rev (1m)-2.68%
Revenue NQ rev (3m)-1.36%
Revenue NY rev (1m)-6.76%
Revenue NY rev (3m)-6.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.73 | ||
| Fwd PE | 11.48 | ||
| P/S | 8.55 | ||
| P/FCF | 33.12 | ||
| P/OCF | 11.82 | ||
| P/B | 4.83 | ||
| P/tB | 4.95 | ||
| EV/EBITDA | 9.53 |
EPS(TTM)17.19
EY5.98%
EPS(NY)25.05
Fwd EY8.71%
FCF(TTM)8.68
FCFY3.02%
OCF(TTM)24.32
OCFY8.46%
SpS33.61
BVpS59.53
TBVpS58.07
PEG (NY)0.27
PEG (5Y)2.21
Graham Number151.74
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 | 28.93 |
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)79.34%
EPS 3Y50.08%
EPS 5Y7.56%
EPS Q2Q%-62.06%
EPS Next Y62.77%
EPS Next 2Y38.35%
EPS Next 3Y24.93%
EPS Next 5YN/A
Revenue 1Y (TTM)12.48%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%17.01%
Revenue Next Year9.11%
Revenue Next 2Y14.05%
Revenue Next 3Y12.47%
Revenue Next 5YN/A
EBIT growth 1Y10.37%
EBIT growth 3Y14.16%
EBIT growth 5Y6.17%
EBIT Next Year17.13%
EBIT Next 3Y17.91%
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 5 / 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 16.73 and the Price/Book (PB) ratio is 4.83.
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 62.77% in the next year.