TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
938.99 USD
+1.36 (+0.15%)
938.99 USD
0 (0%)
Overall TPL gets a fundamental rating of 7 out of 10. We evaluated TPL against 210 industry peers in the Oil, Gas & Consumable Fuels industry. TPL has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. TPL is valied quite expensively at the moment, while it does show a decent growth rate. With these ratings, TPL could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
TPL had positive earnings in the past year.
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
With an excellent Return On Assets value of 32.87%, TPL belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
TPL's Return On Equity of 35.82% is amongst the best of the industry. TPL outperforms 92.38% of its industry peers.
The Return On Invested Capital of TPL (32.52%) is better than 97.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for TPL is significantly above the industry average of 21.91%.
The last Return On Invested Capital (32.52%) 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 | 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
With an excellent Profit Margin value of 62.16%, TPL belongs to the best of the industry, outperforming 94.76% of the companies in the same industry.
TPL's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 75.88%, 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.
The Gross Margin of TPL (94.53%) is better than 98.57% 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so TPL is creating value.
Compared to 1 year ago, TPL has about the same amount of shares outstanding.
The number of shares outstanding for TPL has been reduced compared to 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 115.73. This indicates that TPL is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of TPL (115.73) is better than 98.57% 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 | 115.73 |
ROIC/WACC3.75
WACC8.68%
2.3 Liquidity
A Current Ratio of 14.58 indicates that TPL has no problem at all paying its short term obligations.
TPL has a better Current ratio (14.58) than 97.62% 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.
TPL has a Quick ratio of 14.58. This is amongst the best in the industry. TPL outperforms 97.62% of its industry peers.
| 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%.
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)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
TPL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.94% yearly.
Based on estimates for the next years, TPL will show a quite strong growth in Revenue. The Revenue will grow by 12.64% on average per year.
EPS Next Y24.82%
EPS Next 2Y10.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.38%
Revenue Next 2Y12.64%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
Based on the Price/Earnings ratio of 46.81, the valuation of TPL can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of TPL indicates a slightly more expensive valuation: TPL is more expensive than 64.76% of the companies listed in the same industry.
TPL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.43.
Based on the Price/Forward Earnings ratio of 38.69, the valuation of TPL can be described as expensive.
Based on the Price/Forward Earnings ratio, TPL is valued a bit more expensive than 64.29% of the companies in the same industry.
TPL is valuated expensively when we compare the Price/Forward Earnings ratio to 22.87, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.81 | ||
| Fwd PE | 38.69 |
4.2 Price Multiples
TPL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. TPL is more expensive than 70.00% of the companies in the same industry.
TPL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 252.97 | ||
| EV/EBITDA | 34.69 |
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)1.89
PEG (5Y)6.19
EPS Next 2Y10.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
TPL has a yearly dividend return of 0.69%, which is pretty low.
TPL's Dividend Yield is slightly below the industry average, which is at 6.00.
With a Dividend Yield of 0.69, TPL pays less dividend than the S&P500 average, which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
On average, the dividend of TPL grows each year by 49.85%, which is quite nice.
TPL has been paying a dividend for at least 10 years, so it has 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 79.64% of its income as dividend. 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
938.99
+1.36 (+0.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners71.4%
Inst Owner Change-0.99%
Ins Owners0.85%
Ins Owner Change-0.13%
Market Cap21.59B
Analysts83.33
Price Target1117.88 (19.05%)
Short Float %7.18%
Short Ratio10.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
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)-0.45%
PT rev (3m)-11.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-2.42%
EPS NY rev (3m)-4.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)2.92%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.81 | ||
| Fwd PE | 38.69 | ||
| P/S | 29.06 | ||
| P/FCF | 252.97 | ||
| P/OCF | 41.29 | ||
| P/B | 16.75 | ||
| P/tB | 17.2 | ||
| EV/EBITDA | 34.69 |
EPS(TTM)20.06
EY2.14%
EPS(NY)24.27
Fwd EY2.58%
FCF(TTM)3.71
FCFY0.4%
OCF(TTM)22.74
OCFY2.42%
SpS32.31
BVpS56.07
TBVpS54.59
PEG (NY)1.89
PEG (5Y)6.19
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%
ROICexcg growth 3Y-19.02%
ROICexcg 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 | 115.73 |
F-Score7
WACC8.68%
ROIC/WACC3.75
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 Year17.38%
Revenue Next 2Y12.64%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.34%
EBIT growth 3Y14.16%
EBIT growth 5Y6.17%
EBIT Next Year33.74%
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%