TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
928.63 USD
-9.01 (-0.96%)
928.63 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to TPL. TPL was compared to 211 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. While showing a medium growth rate, TPL is valued expensive at the moment. These ratings would make TPL suitable for 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.
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 has a Return On Assets of 32.87%. This is amongst the best in the industry. TPL outperforms 96.68% of its industry peers.
Looking at the Return On Equity, with a value of 35.82%, TPL belongs to the top of the industry, outperforming 93.36% of the companies in the same industry.
TPL has a Return On Invested Capital of 32.52%. This is amongst the best in the industry. TPL outperforms 97.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TPL is significantly above the industry average of 21.54%.
The 3 year average ROIC (40.76%) for TPL is well above the current ROIC(32.52%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.87% | ||
| ROE | 35.82% | ||
| ROIC | 32.52% |
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 has a better Profit Margin (62.16%) than 95.26% of its industry peers.
TPL's Profit Margin has been stable in the last couple of years.
TPL has a better Operating Margin (75.88%) than 96.68% of its industry peers.
In the last couple of years the Operating Margin of TPL has remained more or less at the same level.
TPL's Gross Margin of 94.53% is amongst the best of the industry. TPL outperforms 98.58% of its industry peers.
TPL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 75.88% | ||
| PM (TTM) | 62.16% | ||
| GM | 94.53% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TPL is creating value.
Compared to 1 year ago, TPL has about the same amount of shares outstanding.
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
An Altman-Z score of 115.52 indicates that TPL is not in any danger for bankruptcy at the moment.
TPL's Altman-Z score of 115.52 is amongst the best of the industry. TPL outperforms 98.58% of its industry peers.
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 | 115.52 |
ROIC/WACC3.78
WACC8.61%
2.3 Liquidity
TPL has a Current Ratio of 14.58. This indicates that TPL is financially healthy and has no problem in meeting its short term obligations.
TPL has a Current ratio of 14.58. This is amongst the best in the industry. TPL outperforms 97.63% of its industry peers.
TPL has a Quick Ratio of 14.58. This indicates that TPL is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 14.58, TPL belongs to the best of the industry, outperforming 97.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.58 | ||
| Quick Ratio | 14.58 |
3. Growth
3.1 Past
TPL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.19%.
The Earnings Per Share has been growing slightly by 7.56% on average over the past years.
TPL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.69%.
TPL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.55% yearly.
EPS 1Y (TTM)3.19%
EPS 3Y19.3%
EPS 5Y7.56%
EPS Q2Q%1.41%
Revenue 1Y (TTM)10.69%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%8.82%
3.2 Future
Based on estimates for the next years, TPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.94% on average per year.
The Revenue is expected to grow by 14.11% on average over the next years. This is quite good.
EPS Next Y24.82%
EPS Next 2Y10.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.02%
Revenue Next 2Y14.11%
Revenue Next 3YN/A
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.
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
With a Price/Earnings ratio of 46.29, TPL can be considered very expensive at the moment.
64.45% of the companies in the same industry are cheaper than TPL, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.83, TPL is valued quite expensively.
Based on the Price/Forward Earnings ratio of 38.26, the valuation of TPL can be described as expensive.
63.51% of the companies in the same industry are cheaper than TPL, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.82. TPL is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.29 | ||
| Fwd PE | 38.26 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TPL indicates a slightly more expensive valuation: TPL is more expensive than 70.62% of the companies listed in the same industry.
TPL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 250.07 | ||
| EV/EBITDA | 34.63 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of TPL may justify a higher PE ratio.
PEG (NY)1.87
PEG (5Y)6.13
EPS Next 2Y10.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TPL has a yearly dividend return of 0.68%, which is pretty low.
Compared to an average industry Dividend Yield of 6.30, TPL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.34, TPL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
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
79.64% of the earnings are spent on dividend by TPL. This is not a sustainable payout ratio.
The dividend of TPL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP79.64%
EPS Next 2Y10.94%
EPS Next 3YN/A
928.63
-9.01 (-0.96%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners71.92%
Inst Owner Change0%
Ins Owners0.85%
Ins Owner Change0.02%
Market Cap21.34B
Revenue(TTM)742.87M
Net Income(TTM)461.75M
Analysts83.33
Price Target1117.88 (20.38%)
Short Float %6.95%
Short Ratio10.55
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.68% |
Yearly Dividend15.11
Dividend Growth(5Y)49.85%
DP79.64%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-71.67%
Min EPS beat(2)-72.72%
Max EPS beat(2)-70.62%
EPS beat(4)0
Avg EPS beat(4)-39.67%
Min EPS beat(4)-72.72%
Max EPS beat(4)-0.97%
EPS beat(8)2
Avg EPS beat(8)-19.59%
EPS beat(12)4
Avg EPS beat(12)-13.06%
EPS beat(16)5
Avg EPS beat(16)-10.03%
Revenue beat(2)0
Avg Revenue beat(2)-6.18%
Min Revenue beat(2)-9.86%
Max Revenue beat(2)-2.49%
Revenue beat(4)1
Avg Revenue beat(4)-3.22%
Min Revenue beat(4)-9.86%
Max Revenue beat(4)4.39%
Revenue beat(8)3
Avg Revenue beat(8)-1.33%
Revenue beat(12)5
Avg Revenue beat(12)-0.84%
Revenue beat(16)7
Avg Revenue beat(16)0.39%
PT rev (1m)0%
PT rev (3m)-0.45%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.29 | ||
| Fwd PE | 38.26 | ||
| P/S | 28.73 | ||
| P/FCF | 250.07 | ||
| P/OCF | 40.82 | ||
| P/B | 16.56 | ||
| P/tB | 17 | ||
| EV/EBITDA | 34.63 |
EPS(TTM)20.06
EY2.16%
EPS(NY)24.27
Fwd EY2.61%
FCF(TTM)3.71
FCFY0.4%
OCF(TTM)22.75
OCFY2.45%
SpS32.33
BVpS56.09
TBVpS54.61
PEG (NY)1.87
PEG (5Y)6.13
Graham Number159.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 32.87% | ||
| ROE | 35.82% | ||
| ROCE | 41.48% | ||
| ROIC | 32.52% | ||
| ROICexc | 54.23% | ||
| ROICexgc | 57.44% | ||
| OM | 75.88% | ||
| PM (TTM) | 62.16% | ||
| GM | 94.53% | ||
| FCFM | 11.49% |
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-Score7
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 1020.39% | ||
| Cap/Sales | 58.88% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.18% | ||
| Profit Quality | 18.48% | ||
| Current Ratio | 14.58 | ||
| Quick Ratio | 14.58 | ||
| Altman-Z | 115.52 |
F-Score7
WACC8.61%
ROIC/WACC3.78
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)3.19%
EPS 3Y19.3%
EPS 5Y7.56%
EPS Q2Q%1.41%
EPS Next Y24.82%
EPS Next 2Y10.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.69%
Revenue growth 3Y16.11%
Revenue growth 5Y7.55%
Sales Q2Q%8.82%
Revenue Next Year17.02%
Revenue Next 2Y14.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.34%
EBIT growth 3Y14.16%
EBIT growth 5Y6.17%
EBIT Next Year34.67%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-79.2%
FCF growth 3Y-36.45%
FCF growth 5Y-22.66%
OCF growth 1Y15.91%
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 46.29 and the Price/Book (PB) ratio is 16.56.
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 24.82% in the next year.