Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$12.33, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 29x in the Real Estate industry in the US. Total returns to shareholders of 21% over the past three years. Aankondiging • Apr 08
CKX Lands, Inc., Annual General Meeting, May 07, 2026 CKX Lands, Inc., Annual General Meeting, May 07, 2026. Location: 2417 shell beach drive, louisiana 70601, lake charles United States New Risk • Apr 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (27% accrual ratio). Revenue is less than US$1m (US$839k revenue). Minor Risk Market cap is less than US$100m (US$21.2m market cap). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.67, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 31x in the Real Estate industry in the US. Total returns to shareholders of 6.3% over the past three years. Buy Or Sell Opportunity • Feb 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to US$11.35. The fair value is estimated to be US$14.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to US$12.20. The fair value is estimated to be US$15.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to US$12.20. The fair value is estimated to be US$15.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to US$12.21. The fair value is estimated to be US$15.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.018 in 3Q 2023) Third quarter 2024 results: EPS: US$0.027 (up from US$0.018 in 3Q 2023). Revenue: US$171.3k (down 34% from 3Q 2023). Net income: US$54.1k (up 51% from 3Q 2023). Profit margin: 32% (up from 14% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.28 (vs US$0.052 in 2Q 2023) Second quarter 2024 results: EPS: US$0.28 (up from US$0.052 in 2Q 2023). Revenue: US$1.03m (up 177% from 2Q 2023). Net income: US$565.3k (up 448% from 2Q 2023). Profit margin: 55% (up from 28% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2024 earnings released: US$0.20 loss per share (vs US$0.12 loss in 1Q 2023) First quarter 2024 results: US$0.20 loss per share (further deteriorated from US$0.12 loss in 1Q 2023). Revenue: US$141.8k (down 14% from 1Q 2023). Net loss: US$401.3k (loss widened 69% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Apr 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (US$1.5m revenue). Market cap is less than US$100m (US$27.5m market cap). Aankondiging • Apr 09
CKX Lands, Inc., Annual General Meeting, May 09, 2024 CKX Lands, Inc., Annual General Meeting, May 09, 2024, at 10:00 Central Standard Time. Location: 2417 Shell Beach Drive, 70601 Lake Charles Louisiana United States Agenda: To elect directors; to vote on a proposal to ratify the appointment of MaloneBailey LLP as independent registered public accounting firm for the fiscal year ended December 31, 2024; to vote on a proposal to approve, in a non-binding, advisory vote, the compensation of named executive officers; and to transact such other business as may properly come before the Annual Meeting. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: US$0.072 (vs US$0.67 loss in FY 2022) Full year 2023 results: EPS: US$0.072 (up from US$0.67 loss in FY 2022). Revenue: US$1.49m (up 34% from FY 2022). Net income: US$143.0k (up US$1.46m from FY 2022). Profit margin: 9.6% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: US$0.018 (vs US$0.026 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.018 (up from US$0.026 loss in 3Q 2022). Net income: US$35.7k (up US$87.4k from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: US$0.052 (vs US$0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.052 (up from US$0.14 loss in 2Q 2022). Net income: US$103.2k (up US$379.9k from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.12 loss per share (vs US$0.002 profit in 1Q 2022) First quarter 2023 results: US$0.12 loss per share (down from US$0.002 profit in 1Q 2022). Net loss: US$237.6k (down US$242.4k from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Nov 29
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Lane LaMure was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Lane LaMure was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: US$0.026 loss per share (vs US$0.097 profit in 3Q 2021) Third quarter 2022 results: US$0.026 loss per share (down from US$0.097 profit in 3Q 2021). Net loss: US$51.7k (down 127% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.14 loss per share (vs US$0.09 profit in 2Q 2021) Second quarter 2022 results: US$0.14 loss per share (down from US$0.09 profit in 2Q 2021). Net loss: US$276.7k (down 259% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • May 11
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Lane LaMure was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.002 (vs US$0.22 in 1Q 2021) First quarter 2022 results: EPS: US$0.002 (down from US$0.22 in 1Q 2021). Revenue: US$181.9k (up 18% from 1Q 2021). Net income: US$4.7k (down 99% from 1Q 2021). Profit margin: 2.6% (down from 276% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 16% share price gain to US$12.58, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 14x in the Real Estate industry in the US. Total returns to shareholders of 25% over the past three years. Aankondiging • Apr 02
CKX Lands, Inc., Annual General Meeting, May 05, 2022 CKX Lands, Inc., Annual General Meeting, May 05, 2022, at 10:00 Central Standard Time. Location: 2417 Shell Beach Drive, Lake Charles Louisiana United States Agenda: To elect directors; to vote on a proposal to ratify the appointment of MaloneBailey LLP as its independent registered public accounting firm for the fiscal year ended December 31, 2022; to vote on a proposal to approve, in a non-binding, advisory vote, the compensation of its named executive officers; to vote on a proposal to amend the Company’s Restated Articles of Incorporation to increase the Company’s authorized common stock to 100 million shares; to vote on a proposal to amend the Company’s Restated Articles of Incorporation to authorize 5 million shares of preferred stock; and to consider other matters. Aankondiging • Mar 30
CKX Lands, Inc. Appoints LaMure, Effective August 5, 2021 CKX Lands, Inc. appointed Mr. LaMure to its Audit Committee and its Nominating Committee. as a director, effective August 5, 2021. Reported Earnings • Mar 29
Full year 2021 earnings released: EPS: US$0.42 (vs US$0.17 in FY 2020) Full year 2021 results: EPS: US$0.42 (up from US$0.17 in FY 2020). Net income: US$819.3k (up 141% from FY 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improved over the past week After last week's 15% share price gain to US$13.82, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 14x in the Real Estate industry in the US. Total returns to shareholders of 26% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.097 (vs US$0.026 in 3Q 2020) Third quarter 2021 results: Net income: US$188.5k (up 277% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Executive Departure • Aug 12
Independent Chairman Michael White has left the company On the 4th of August, Michael White's tenure as Independent Chairman ended. As of March 2021, Michael still personally held 369.61k shares (US$4.8m worth at the time). Michael is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.08 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.09 (vs US$0.11 in 2Q 2020) Second quarter 2021 results: Net income: US$174.3k (down 18% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.22 (vs US$0.03 in 1Q 2020) First quarter 2021 results: Net income: US$426.8k (up US$368.4k from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS US$0.17 (vs US$0.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$671.9k (down 17% from FY 2019). Net income: US$339.4k (up 36% from FY 2019). Profit margin: 51% (up from 31% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improved over the past week After last week's 22% share price gain to US$12.96, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 32x in the Real Estate industry in the US. Total returns to shareholders of 27% over the past three years. Is New 90 Day High Low • Feb 20
New 90-day high: US$11.75 The company is up 25% from its price of US$9.40 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 36% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: US$11.24 The company is up 18% from its price of US$9.49 on 03 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Real Estate industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: US$10.10 The company is up 11% from its price of US$9.07 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: US$8.60 The company is down 13% from its price of US$9.83 on 22 September 2020. The American market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 35% over the same period. Is New 90 Day High Low • Dec 05
New 90-day low: US$8.90 The company is down 14% from its price of US$10.29 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 33% over the same period. Recent Insider Transactions • Nov 27
President recently bought US$72k worth of stock On the 23rd of November, William Stream bought around 8k shares on-market at roughly US$9.25 per share. This was the largest purchase by an insider in the last 3 months. William has been a buyer over the last 12 months, purchasing a net total of US$143k worth in shares. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.026 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: US$160.8k (down 30% from 3Q 2019). Net income: US$50.1k (down 14% from 3Q 2019). Profit margin: 31% (up from 25% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 25
New 90-day high: US$10.35 The company is up 27% from its price of US$8.14 on 23 June 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 7.0% over the same period.