TXO PARTNERS LP (TXO)
US87313P1030
Overall TXO gets a fundamental rating of 4 out of 10. We evaluated TXO against 205 industry peers in the Oil, Gas & Consumable Fuels industry. While TXO has a great health rating, there are worries on its profitability. TXO has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year TXO was profitable.
In the past year TXO had a positive cash flow from operations.
1.2 Ratios
Looking at the Return On Assets, with a value of -22.23%, TXO is doing worse than 94.61% of the companies in the same industry.
Looking at the Return On Equity, with a value of -30.06%, TXO is doing worse than 87.75% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.37%, TXO is doing worse than 74.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -22.23% | ||
| ROE | -30.06% | ||
| ROIC | 2.37% |
ROA(3y)-3.16%
ROA(5y)N/A
ROE(3y)-4.57%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
TXO has a Operating Margin of 7.73%. This is in the lower half of the industry: TXO underperforms 72.55% of its industry peers.
TXO has a Gross Margin (51.30%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of TXO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.73% | ||
| PM (TTM) | N/A | ||
| GM | 51.3% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TXO is destroying value.
TXO has about the same amout of shares outstanding than it did 1 year ago.
Compared to 1 year ago, TXO has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of TXO is 0.21, which is an excellent value as it means it would take TXO, only 0.21 years of fcf income to pay off all of its debts.
TXO has a better Debt to FCF ratio (0.21) than 91.67% of its industry peers.
TXO has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.01, TXO belongs to the top of the industry, outperforming 81.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.21 | ||
| Altman-Z | N/A |
ROIC/WACC0.27
WACC8.71%
2.3 Liquidity
A Current Ratio of 3.26 indicates that TXO has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.26, TXO belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
A Quick Ratio of 3.26 indicates that TXO has no problem at all paying its short term obligations.
The Quick ratio of TXO (3.26) is better than 85.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.26 | ||
| Quick Ratio | 3.26 |
3. Growth
3.1 Past
TXO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -241.85%.
The Revenue for TXO has decreased by -24.96% in the past year. This is quite bad
TXO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.84% yearly.
EPS 1Y (TTM)-241.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.14%
Revenue 1Y (TTM)-24.96%
Revenue growth 3Y51.84%
Revenue growth 5YN/A
Sales Q2Q%-5.23%
3.2 Future
TXO is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -26.85% yearly.
Based on estimates for the next years, TXO will show a small growth in Revenue. The Revenue will grow by 1.68% on average per year.
EPS Next Y-81.82%
EPS Next 2Y-41.94%
EPS Next 3Y-26.85%
EPS Next 5YN/A
Revenue Next Year-21.98%
Revenue Next 2Y0.06%
Revenue Next 3Y1.68%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
TXO is valuated reasonably with a Price/Earnings ratio of 9.84.
64.22% of the companies in the same industry are more expensive than TXO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.29. TXO is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.45, the valuation of TXO can be described as reasonable.
TXO's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, TXO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 11.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TXO is valued a bit more expensive than 65.69% of the companies in the same industry.
TXO's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.27 | ||
| EV/EBITDA | 11.5 |
4.3 Compensation for Growth
A cheap valuation may be justified as TXO's earnings are expected to decrease with -26.85% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-41.94%
EPS Next 3Y-26.85%
5. Dividend
5.1 Amount
TXO has a Yearly Dividend Yield of 14.60%, which is a nice return.
Compared to an average industry Dividend Yield of 7.14, TXO pays a better dividend. On top of this TXO pays more dividend than 92.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, TXO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.6% |
5.2 History
TXO is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
TXO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-40.95%
EPS Next 2Y-41.94%
EPS Next 3Y-26.85%
TXO PARTNERS LP
NYSE:TXO (12/23/2024, 8:04:00 PM)
16.83
+0.16 (+0.96%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners25.45%
Inst Owner Change-5.44%
Ins Owners20.49%
Ins Owner Change10.1%
Market Cap814.40M
Analysts83.33
Price Target26.01 (54.55%)
Short Float %0.08%
Short Ratio0.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.6% |
Dividend Growth(5Y)N/A
DP-40.95%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.05%
Min EPS beat(2)-51.96%
Max EPS beat(2)37.86%
EPS beat(4)2
Avg EPS beat(4)67.79%
Min EPS beat(4)-51.96%
Max EPS beat(4)290.4%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-4.33%
Min Revenue beat(2)-11.02%
Max Revenue beat(2)2.36%
Revenue beat(4)2
Avg Revenue beat(4)3.72%
Min Revenue beat(4)-11.02%
Max Revenue beat(4)28.7%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-5.56%
PT rev (3m)-10.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-95.76%
EPS NY rev (1m)-13.02%
EPS NY rev (3m)-46.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-24.53%
Revenue NY rev (1m)0.8%
Revenue NY rev (3m)-13.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 11.45 | ||
| P/S | 2.84 | ||
| P/FCF | 24.27 | ||
| P/OCF | 9.08 | ||
| P/B | 1.42 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 11.5 |
EPS(TTM)1.71
EY10.16%
EPS(NY)1.47
Fwd EY8.73%
FCF(TTM)0.69
FCFY4.12%
OCF(TTM)1.85
OCFY11.01%
SpS5.92
BVpS11.84
TBVpS11.84
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -22.23% | ||
| ROE | -30.06% | ||
| ROCE | 3% | ||
| ROIC | 2.37% | ||
| ROICexc | 2.64% | ||
| ROICexgc | 2.64% | ||
| OM | 7.73% | ||
| PM (TTM) | N/A | ||
| GM | 51.3% | ||
| FCFM | 11.71% |
ROA(3y)-3.16%
ROA(5y)N/A
ROE(3y)-4.57%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.18%
GM growth 5YN/A
F-Score4
Asset Turnover0.37
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.21 | ||
| Debt/EBITDA | 0.11 | ||
| Cap/Depr | 131.57% | ||
| Cap/Sales | 19.58% | ||
| Interest Coverage | 6.15 | ||
| Cash Conversion | 138.38% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.26 | ||
| Quick Ratio | 3.26 | ||
| Altman-Z | N/A |
F-Score4
WACC8.71%
ROIC/WACC0.27
Cap/Depr(3y)295.25%
Cap/Depr(5y)N/A
Cap/Sales(3y)49.07%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-241.85%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.14%
EPS Next Y-81.82%
EPS Next 2Y-41.94%
EPS Next 3Y-26.85%
EPS Next 5YN/A
Revenue 1Y (TTM)-24.96%
Revenue growth 3Y51.84%
Revenue growth 5YN/A
Sales Q2Q%-5.23%
Revenue Next Year-21.98%
Revenue Next 2Y0.06%
Revenue Next 3Y1.68%
Revenue Next 5YN/A
EBIT growth 1Y-76.34%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year30.3%
EBIT Next 3Y26.8%
EBIT Next 5YN/A
FCF growth 1Y-37.38%
FCF growth 3Y139.69%
FCF growth 5YN/A
OCF growth 1Y-43.43%
OCF growth 3Y59.64%
OCF growth 5YN/A