TEXAS PACIFIC LAND CORP (TPL) Stock Fundamental Analysis
USA - NYSE:TPL - US88262P1021 - Common Stock
967.74 USD
+9.76 (+1.02%)
967.74 USD
0 (0%)
Overall TPL gets a fundamental rating of 7 out of 10. We evaluated TPL against 211 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. While showing a medium growth rate, TPL is valued expensive at the moment. With these ratings, TPL could be worth investigating further 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.
In the past 5 years TPL has always been profitable.
Each year in the past 5 years TPL had a positive operating cash flow.
1.2 Ratios
TPL has a better Return On Assets (32.87%) than 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 92.89% of the companies in the same industry.
TPL has a better Return On Invested Capital (32.52%) than 97.63% 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 21.71%.
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
With an excellent Profit Margin value of 62.16%, TPL belongs to the best of the industry, outperforming 95.26% 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 75.88%, TPL belongs to the best of the industry, outperforming 96.68% of the companies in the same industry.
TPL's Operating Margin has been stable in the last couple of years.
TPL has a better Gross Margin (94.53%) than 98.58% of its industry peers.
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 | 75.88% | ||
| 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
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.
TPL has less shares outstanding than it did 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 119.16 indicates that TPL is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 119.16, TPL belongs to the top of the industry, outperforming 98.58% of the companies in the same industry.
TPL has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 119.16 |
ROIC/WACC3.71
WACC8.76%
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.
With an excellent Current ratio value of 14.58, TPL belongs to the best of the industry, outperforming 97.63% of the companies in the same industry.
A Quick Ratio of 14.58 indicates that TPL has no problem at all paying its short term obligations.
TPL has a Quick ratio of 14.58. This is amongst the best in the industry. TPL outperforms 97.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 14.58 | ||
| Quick Ratio | 14.58 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.19% over the past year.
The Earnings Per Share has been growing slightly by 7.56% on average over the past years.
Looking at the last year, TPL shows a quite strong growth in Revenue. The Revenue has grown by 10.69% in the last year.
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
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 14.11% on average per year.
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
The Price/Earnings ratio is 48.24, which means the current valuation is very expensive for TPL.
TPL's Price/Earnings ratio is a bit more expensive when compared to the industry. TPL is more expensive than 63.98% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.86, TPL is valued quite expensively.
Based on the Price/Forward Earnings ratio of 39.87, the valuation of TPL can be described as expensive.
63.03% of the companies in the same industry are cheaper than TPL, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of TPL to the average of the S&P500 Index (23.29), we can say TPL is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.24 | ||
| Fwd PE | 39.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TPL is valued a bit more expensive than the industry average as 70.14% of the companies are valued more cheaply.
TPL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 260.71 | ||
| EV/EBITDA | 35.78 |
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.
TPL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.94
PEG (5Y)6.38
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 5.98, TPL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.41, 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
TPL pays out 79.64% of its income as dividend. This is not a sustainable payout ratio.
TPL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP79.64%
EPS Next 2Y10.94%
EPS Next 3YN/A
967.74
+9.76 (+1.02%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners71.92%
Inst Owner Change-1%
Ins Owners0.85%
Ins Owner Change0.02%
Market Cap22.25B
Analysts83.33
Price Target1117.88 (15.51%)
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)-0.45%
PT rev (3m)-11.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.73%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)2.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 48.24 | ||
| Fwd PE | 39.87 | ||
| P/S | 29.95 | ||
| P/FCF | 260.71 | ||
| P/OCF | 42.56 | ||
| P/B | 17.26 | ||
| P/tB | 17.73 | ||
| EV/EBITDA | 35.78 |
EPS(TTM)20.06
EY2.07%
EPS(NY)24.27
Fwd EY2.51%
FCF(TTM)3.71
FCFY0.38%
OCF(TTM)22.74
OCFY2.35%
SpS32.31
BVpS56.07
TBVpS54.59
PEG (NY)1.94
PEG (5Y)6.38
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 | 119.16 |
F-Score7
WACC8.76%
ROIC/WACC3.71
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%