Loading...

Texas Pacific Land Trust

DB:9TP
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9TP
DB
$7B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
9TP Share Price and Events
7 Day Returns
10.9%
DB:9TP
0.7%
DE Oil and Gas
-0.2%
DE Market
1 Year Returns
32.2%
DB:9TP
15.5%
DE Oil and Gas
-10.3%
DE Market
9TP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Texas Pacific Land Trust (9TP) 10.9% -1.5% 17.3% 32.2% 456.5% -
DE Oil and Gas 0.7% 6% 9.9% 15.5% 20.5% 68.3%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 9TP outperformed the Oil and Gas industry which returned 15.5% over the past year.
  • 9TP outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
9TP
Industry
5yr Volatility vs Market

9TP Value

 Is Texas Pacific Land Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Texas Pacific Land Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Texas Pacific Land Trust.

DB:9TP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9TP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.915 (1 + (1- 21%) (0.05%))
0.943
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.943 * 5.96%)
5.85%

Discounted Cash Flow Calculation for DB:9TP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Texas Pacific Land Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:9TP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.85%)
2019 409.09 Est @ 56.64% 386.48
2020 571.57 Est @ 39.72% 510.13
2021 730.86 Est @ 27.87% 616.25
2022 873.94 Est @ 19.58% 696.17
2023 994.30 Est @ 13.77% 748.27
2024 1,090.84 Est @ 9.71% 775.54
2025 1,165.73 Est @ 6.86% 782.98
2026 1,222.54 Est @ 4.87% 775.75
2027 1,265.08 Est @ 3.48% 758.38
2028 1,296.77 Est @ 2.5% 734.41
Present value of next 10 years cash flows $6,784.35
DB:9TP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,296.77 × (1 + 0.23%) ÷ (5.85% – 0.23%)
$23,116.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,116.80 ÷ (1 + 5.85%)10
$13,091.87
DB:9TP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,784.35 + $13,091.87
$19,876.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19,876.23 / 7.76
$2562.64
DB:9TP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9TP represents 0.92193x of NYSE:TPL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92193x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2,562.64 x 0.92193
€2,362.58
Value per share (EUR) From above. €2,362.58
Current discount Discount to share price of €779.50
= -1 x (€779.50 - €2,362.58) / €2,362.58
67%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Texas Pacific Land Trust is available for.
Intrinsic value
>50%
Share price is €779.5 vs Future cash flow value of €2362.58
Current Discount Checks
For Texas Pacific Land Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Texas Pacific Land Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Texas Pacific Land Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Texas Pacific Land Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Texas Pacific Land Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9TP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $39.36
NYSE:TPL Share Price ** NYSE (2019-05-20) in USD $845.51
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.63x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Texas Pacific Land Trust.

DB:9TP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TPL Share Price ÷ EPS (both in USD)

= 845.51 ÷ 39.36

21.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Pacific Land Trust is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • Texas Pacific Land Trust is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Texas Pacific Land Trust's expected growth come at a high price?
Raw Data
DB:9TP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-13%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 0.96x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Texas Pacific Land Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Texas Pacific Land Trust's assets?
Raw Data
DB:9TP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $43.04
NYSE:TPL Share Price * NYSE (2019-05-20) in USD $845.51
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.1x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:9TP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TPL Share Price ÷ Book Value per Share (both in USD)

= 845.51 ÷ 43.04

19.65x

* Primary Listing of Texas Pacific Land Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Pacific Land Trust is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Texas Pacific Land Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Texas Pacific Land Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

9TP Future Performance

 How is Texas Pacific Land Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Texas Pacific Land Trust, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Texas Pacific Land Trust expected to grow at an attractive rate?
  • Texas Pacific Land Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Texas Pacific Land Trust's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare Texas Pacific Land Trust's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:9TP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9TP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -13%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9TP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9TP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 431 309 306
2018-12-31 300 192 210
2018-09-30 246 161 172
2018-06-30 225 150 154
2018-03-31 184 114 122
2017-12-31 154 94 97
2017-09-30 130 77 84
2017-06-30 93 57 59
2017-03-31 77 54 49
2016-12-31 66 41 42
2016-09-30 56 37 35
2016-06-30 60 38 38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Texas Pacific Land Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Texas Pacific Land Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9TP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Texas Pacific Land Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9TP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 39.36
2018-12-31 26.93
2018-09-30 22.00
2018-06-30 19.70
2018-03-31 15.55
2017-12-31 12.38
2017-09-30 10.61
2017-06-30 7.52
2017-03-31 6.20
2016-12-31 5.29
2016-09-30 4.39
2016-06-30 4.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Texas Pacific Land Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Texas Pacific Land Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Texas Pacific Land Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

9TP Past Performance

  How has Texas Pacific Land Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Texas Pacific Land Trust's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Texas Pacific Land Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Texas Pacific Land Trust's 1-year earnings growth exceeds its 5-year average (151.3% vs 45%)
  • Texas Pacific Land Trust's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (151.3% vs 35%).
Earnings and Revenue History
Texas Pacific Land Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Texas Pacific Land Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9TP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 431.03 305.94 32.01
2018-12-31 299.73 209.74 25.52
2018-09-30 246.47 171.68 18.10
2018-06-30 225.28 153.92 14.64
2018-03-31 183.73 121.76 11.24
2017-12-31 154.13 97.23 8.79
2017-09-30 130.27 83.52 6.31
2017-06-30 92.68 59.45 4.78
2017-03-31 76.70 49.22 3.72
2016-12-31 65.61 42.28 3.20
2016-09-30 55.74 35.33 3.07
2016-06-30 59.65 37.86 2.98
2016-03-31 55.25 35.15 2.79
2015-12-31 78.12 50.04 2.66
2015-09-30 77.99 49.28 2.39
2015-06-30 74.56 47.18 2.25
2015-03-31 78.36 49.68 2.16
2014-12-31 55.20 34.77 2.07
2014-09-30 54.41 34.05 2.27
2014-06-30 54.59 34.11 2.32
2014-03-31 48.96 30.33 2.42
2013-12-31 44.11 27.22 2.54
2013-09-30 38.88 23.81 2.46
2013-06-30 30.99 18.69 2.40
2013-03-31 29.74 17.85 2.41
2012-12-31 32.59 19.65 2.33
2012-09-30 36.55 22.09 2.48
2012-06-30 38.07 23.04 2.52

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Texas Pacific Land Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Texas Pacific Land Trust used its assets more efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Texas Pacific Land Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Texas Pacific Land Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Texas Pacific Land Trust has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

9TP Health

 How is Texas Pacific Land Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Texas Pacific Land Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Texas Pacific Land Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Texas Pacific Land Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Texas Pacific Land Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 81.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Texas Pacific Land Trust Company Filings, last reported 1 month ago.

DB:9TP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 333.80 2.96 113.26
2018-12-31 244.69 0.00 119.65
2018-09-30 195.04 0.00 110.62
2018-06-30 152.73 0.00 85.90
2018-03-31 110.54 0.00 71.30
2017-12-31 105.10 0.00 79.58
2017-09-30 67.84 0.00 69.50
2017-06-30 48.56 0.00 50.10
2017-03-31 43.17 0.00 52.56
2016-12-31 47.62 0.00 49.42
2016-09-30 42.78 0.00 45.50
2016-06-30 45.38 0.00 45.62
2016-03-31 43.55 0.00 46.72
2015-12-31 45.69 0.00 45.01
2015-09-30 44.61 0.00 46.17
2015-06-30 38.42 0.00 38.81
2015-03-31 39.85 0.00 49.60
2014-12-31 26.72 0.00 26.81
2014-09-30 28.25 0.00 26.12
2014-06-30 26.11 0.00 24.14
2014-03-31 20.13 0.00 18.27
2013-12-31 17.93 0.00 13.24
2013-09-30 17.29 0.00 15.62
2013-06-30 15.97 0.00 9.29
2013-03-31 15.88 0.00 9.94
2012-12-31 15.60 0.00 8.42
2012-09-30 19.57 0.00 11.31
2012-06-30 19.71 0.00 11.59
  • Texas Pacific Land Trust's level of debt (0.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.9% today).
  • Debt is well covered by operating cash flow (10427.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Texas Pacific Land Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Texas Pacific Land Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Texas Pacific Land Trust has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

9TP Dividends

 What is Texas Pacific Land Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.71%
Current annual income from Texas Pacific Land Trust dividends.
If you bought €2,000 of Texas Pacific Land Trust shares you are expected to receive €14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Texas Pacific Land Trust's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Texas Pacific Land Trust's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9TP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:9TP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 6.000 0.753
2019-01-31 4.050 0.553
2018-11-07 4.050 0.702
2018-10-31 4.050 0.585
2018-08-07 4.050 0.500
2018-07-31 4.050 0.512
2018-02-21 4.050 0.661
2018-01-31 0.350 0.069
2017-11-07 0.350 0.079
2017-10-30 0.350 0.086
2017-08-04 0.350 0.089
2017-07-31 0.350 0.098
2017-02-21 0.350 0.120
2017-01-31 0.310 0.099
2016-11-03 0.310 0.104
2016-10-27 0.310 0.118
2016-08-04 0.310 0.147
2016-07-28 0.310 0.190
2016-02-25 0.310 0.197
2016-01-28 0.290 0.233
2015-11-05 0.290 0.217
2015-10-30 0.290 0.196
2015-08-06 0.290 0.215
2015-07-30 0.290 0.224
2015-02-25 0.290 0.196
2015-01-29 0.270 0.212
2014-11-06 0.270 0.211
2014-10-30 0.270 0.175
2014-08-06 0.270 0.148
2014-07-30 0.270 0.156
2014-02-21 0.270 0.185
2014-01-30 0.250 0.217
2013-11-06 0.250 0.257
2013-10-30 0.250 0.275
2013-08-06 0.250 0.292
2013-07-30 0.250 0.299
2012-12-04 0.250 0.381
2012-11-06 0.230 0.400
2012-11-01 0.230 0.420
2012-08-03 0.230 0.404
2012-07-30 0.230 0.406
2012-02-24 0.230 0.432
2012-01-30 0.210 0.473
2011-11-07 0.210 0.505
2011-10-28 0.210 0.516
2011-08-05 0.210 0.523
2011-07-28 0.210 0.475
2011-02-22 0.210 0.455
2011-01-31 0.200 0.476
2010-11-04 0.200 0.533
2010-10-28 0.200 0.543
2010-08-04 0.200 0.604
2010-07-30 0.200 0.735
2010-02-24 0.200 0.724
2010-01-28 0.190 0.708
2009-11-05 0.190 0.670
2009-10-28 0.190 0.667
2009-08-06 0.190 0.606
2009-07-30 0.190 0.547

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Pacific Land Trust is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Texas Pacific Land Trust is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Texas Pacific Land Trust's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Texas Pacific Land Trust's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Texas Pacific Land Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Texas Pacific Land Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Texas Pacific Land Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

9TP Management

 What is the CEO of Texas Pacific Land Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tyler Glover
COMPENSATION $2,312,025
AGE 33
TENURE AS CEO 2.5 years
CEO Bio

Mr. Tyler Glover has been Chief Executive Officer, General Agent and Secretary at Texas Pacific Land Trust since November 05, 2016. Mr. Glover has been Assistant General Agent of Texas Pacific Land Trust since December 1, 2014 until November 05, 2016 and previously served as its Field Agent from September 2011 to December 1, 2014.

CEO Compensation
  • Tyler's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tyler's remuneration is lower than average for companies of similar size in Germany.
Management Team

Tyler Glover

TITLE
General Agent
COMPENSATION
$2M
AGE
33
TENURE
2.5 yrs

Robert Packer

TITLE
General Agent
COMPENSATION
$2M
AGE
49
TENURE
4.4 yrs
Board of Directors

John Norris

TITLE
Co-Chairman
COMPENSATION
$104K
AGE
64
TENURE
0.3 yrs

David Barry

TITLE
Co-Chairman
COMPENSATION
$104K
AGE
73
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Apr 19 Buy SMP Asset Management, LLC Company 18. Mar 19 01. Apr 19 112 €709.71 €74,548
15. Mar 19 Sell SoftVest Management, LP Company 01. Feb 19 20. Feb 19 -11,500 €695.34 €-7,572,064
15. Mar 19 Sell Horizon Kinetics LLC Company 14. Jan 19 14. Mar 19 -10,710 €689.16 €-7,380,924
15. Mar 19 Buy Horizon Kinetics LLC Company 14. Jan 19 14. Mar 19 8,405 €696.24 €5,851,682
27. Dec 18 Buy David Barry Individual 26. Dec 18 26. Dec 18 100 €409.38 €40,938
06. Dec 18 Buy Robert Packer Individual 04. Dec 18 04. Dec 18 100 €518.73 €51,873
06. Dec 18 Buy Tyler Glover Individual 04. Dec 18 04. Dec 18 100 €526.66 €52,666
21. Nov 18 Sell Maurice Meyer Individual 19. Nov 18 19. Nov 18 -500 €530.20 €-265,099
16. Nov 18 Sell Maurice Meyer Individual 14. Nov 18 15. Nov 18 -1,000 €509.29 €-506,559
12. Oct 18 Buy David Barry Individual 11. Oct 18 11. Oct 18 100 €701.06 €70,106
04. Oct 18 Sell Maurice Meyer Individual 03. Oct 18 03. Oct 18 -109 €758.28 €-82,653
28. Sep 18 Sell Maurice Meyer Individual 26. Sep 18 26. Sep 18 -1,000 €735.35 €-732,627
14. Sep 18 Sell Maurice Meyer Individual 12. Sep 18 12. Sep 18 -500 €717.43 €-358,716
27. Aug 18 Sell Maurice Meyer Individual 27. Aug 18 27. Aug 18 -1,000 €732.79 €-731,820
23. Jul 18 Sell Horizon Kinetics LLC Company 21. May 18 19. Jul 18 -30,520 €686.15 €0
23. Jul 18 Buy Horizon Kinetics LLC Company 21. May 18 19. Jul 18 29,495 €688.48 €5,862
X
Management checks
We assess Texas Pacific Land Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Texas Pacific Land Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

9TP News

Simply Wall St News

9TP Company Info

Description

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company has oil, gas, and water royalty interests; enter into easement contracts covering activities, such as oil and gas pipelines and subsurface wellbore easements; leases land; and sells water and land. As of December 31, 2018, it owned the surface estate in approximately 902,177 acres of land comprising various separate tracts located in 19 counties in the western part of Texas. The company also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 84,934 acres of land, as well as a 1/16 nonparticipating perpetual oil and gas royalty interest under 370,737 acres of land in the western part of Texas; and oil and gas royalty interests in approximately 1,826 net royalty acres. Texas Pacific Land Trust was founded in 1888 and is headquartered in Dallas, Texas.

Details
Name: Texas Pacific Land Trust
9TP
Exchange: DB
Founded: 1888
$5,869,982,967
7,756,156
Website: http://www.tpltrust.com
Address: Texas Pacific Land Trust
1700 Pacific Avenue,
Suite 2770,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TPL Certificates of Proprietary Interest New York Stock Exchange US USD 02. Jan 1968
DB 9TP Certificates of Proprietary Interest Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
75
Texas Pacific Land Trust employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:14
End of day share price update: 2019/05/20 00:00
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.