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Cross Timbers Royalty Trust

NYSE:CRT
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRT
NYSE
$72M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Cross Timbers Royalty Trust operates as an express trust in the United States. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • Cross Timbers Royalty Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CRT Share Price and Events
7 Day Returns
4.3%
NYSE:CRT
-0.3%
US Oil and Gas
0.1%
US Market
1 Year Returns
-16.7%
NYSE:CRT
-18.2%
US Oil and Gas
1.2%
US Market
CRT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cross Timbers Royalty Trust (CRT) 4.3% -6.4% -0.2% -16.7% -29.2% -64.8%
US Oil and Gas -0.3% -4.5% -8.2% -18.2% -7.6% -40.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • CRT outperformed the Oil and Gas industry which returned -18.2% over the past year.
  • CRT underperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
CRT
Industry
5yr Volatility vs Market

Value

 Is Cross Timbers Royalty 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 Cross Timbers Royalty 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 Cross Timbers Royalty Trust.

NYSE:CRT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-03-31) in USD $ 1.223910
Payout Ratio Company Filings (2019-03-31) 0%
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:CRT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.911 (1 + (1- 21%) (0%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.185 * 5.96%)
9.79%

Discounted Cash Flow Calculation for NYSE:CRT using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Cross Timbers Royalty Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NYSE:CRT Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $1.22 / (9.79% - 2.73%)
$17.33
NYSE:CRT Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.33
Current discount Discount to share price of $11.94
= -1 x ($11.94 - $17.33) / $17.33
31.1%

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

Current Discount
Amount off the current price Cross Timbers Royalty Trust is available for.
Intrinsic value
31%
Share price is $11.94 vs Future cash flow value of $17.33
Current Discount Checks
For Cross Timbers Royalty Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cross Timbers Royalty Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cross Timbers Royalty Trust's share price is below the future cash flow value, but not 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 Cross Timbers Royalty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cross Timbers Royalty Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CRT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.27
NYSE:CRT Share Price ** NYSE (2019-06-18) in USD $11.94
United States of America Oil and Gas Industry PE Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

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

** Primary Listing of Cross Timbers Royalty Trust.

NYSE:CRT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 11.94 ÷ 1.27

9.41x

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

  • Cross Timbers Royalty Trust is good value based on earnings compared to the US Oil and Gas industry average.
  • Cross Timbers Royalty Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cross Timbers Royalty Trust's expected growth come at a high price?
Raw Data
NYSE:CRT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.37x
United States of America Market PEG Ratio Median Figure of 2,126 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 Cross Timbers Royalty Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cross Timbers Royalty Trust's assets?
Raw Data
NYSE:CRT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.41
NYSE:CRT Share Price * NYSE (2019-06-18) in USD $11.94
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:CRT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.94 ÷ 1.41

8.49x

* Primary Listing of Cross Timbers Royalty Trust.

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

  • Cross Timbers Royalty Trust is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Cross Timbers Royalty 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. Cross Timbers Royalty Trust has a total score of 3/6, 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.

Future Performance

 How is Cross Timbers Royalty Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cross Timbers Royalty Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cross Timbers Royalty Trust expected to grow at an attractive rate?
  • Unable to compare Cross Timbers Royalty Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cross Timbers Royalty Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Cross Timbers Royalty Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:CRT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:CRT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months 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.
NYSE:CRT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8 8
2018-12-31 9 9
2018-09-30 9 8
2018-06-30 8 7
2018-03-31 7 7
2017-12-31 7 6
2017-09-30 7 6
2017-06-30 7 6
2017-03-31 6 6
2016-12-31 8 6
2016-09-30 8 7
2016-06-30 8 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cross Timbers Royalty Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Cross Timbers Royalty 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
NYSE:CRT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cross Timbers Royalty Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CRT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.27
2018-12-31 1.43
2018-09-30 1.33
2018-06-30 1.22
2018-03-31 1.12
2017-12-31 1.01
2017-09-30 1.06
2017-06-30 1.02
2017-03-31 0.93
2016-12-31 1.06
2016-09-30 1.09
2016-06-30 1.16

*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 Cross Timbers Royalty Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Cross Timbers Royalty Trust is trading at Cross Timbers Royalty Trust'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Cross Timbers Royalty Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Cross Timbers Royalty Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cross Timbers Royalty 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Cross Timbers Royalty 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.

Past Performance

  How has Cross Timbers Royalty 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 Cross Timbers Royalty 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.
  • Cross Timbers Royalty Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cross Timbers Royalty Trust's 1-year earnings growth exceeds its 5-year average (13.6% vs -20.6%)
  • Cross Timbers Royalty Trust's earnings growth has not exceeded the US Oil and Gas industry average in the past year (13.6% vs 29.5%).
Earnings and Revenue History
Cross Timbers Royalty 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 Cross Timbers Royalty Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CRT 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 8.22 7.61 0.60
2018-12-31 9.15 8.56 0.60
2018-09-30 8.57 7.97 0.61
2018-06-30 7.99 7.35 0.64
2018-03-31 7.28 6.70 0.58
2017-12-31 6.63 6.05 0.58
2017-09-30 6.89 6.34 0.55
2017-06-30 6.73 6.11 0.61
2017-03-31 6.48 5.57 0.92
2016-12-31 7.56 6.36 1.20
2016-09-30 7.93 6.52 1.40
2016-06-30 8.31 6.98 1.32
2016-03-31 8.77 7.74 1.02
2015-12-31 8.88 8.13 0.76
2015-09-30 10.10 9.50 0.60
2015-06-30 12.88 12.28 0.60
2015-03-31 14.89 14.31 0.58
2014-12-31 16.14 15.95 0.50
2014-09-30 16.66 16.47 0.49
2014-06-30 16.21 16.10 0.42
2014-03-31 15.58 15.43 0.45
2013-12-31 14.29 13.89 0.40
2013-09-30 13.87 13.47 0.40
2013-06-30 12.96 12.57 0.39
2013-03-31 13.70 13.30 0.40
2012-12-31 15.28 14.89 0.39
2012-09-30 15.86 15.48 0.39
2012-06-30 17.80 17.37 0.43

*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.
  • Cross Timbers Royalty Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Cross Timbers Royalty Trust used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Cross Timbers Royalty Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cross Timbers Royalty 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.
Cross Timbers Royalty Trust has a total score of 4/6, 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.

Health

 How is Cross Timbers Royalty 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 Cross Timbers Royalty Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cross Timbers Royalty Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cross Timbers Royalty Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cross Timbers Royalty 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.
  • Cross Timbers Royalty Trust has no debt, it does not need to be covered by short term assets.
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 Cross Timbers Royalty Trust Company Filings, last reported 2 months ago.

NYSE:CRT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8.44 0.00 1.43
2018-12-31 8.53 0.00 1.60
2018-09-30 8.71 0.00 1.75
2018-06-30 8.92 0.00 1.72
2018-03-31 9.12 0.00 1.54
2017-12-31 9.31 0.00 1.47
2017-09-30 9.57 0.00 1.50
2017-06-30 9.68 0.00 1.51
2017-03-31 9.79 0.00 1.54
2016-12-31 9.90 0.00 1.54
2016-09-30 10.07 0.00 1.44
2016-06-30 10.19 0.00 1.24
2016-03-31 10.33 0.00 1.31
2015-12-31 10.54 0.00 0.97
2015-09-30 10.68 0.00 0.69
2015-06-30 10.78 0.00 0.61
2015-03-31 10.87 0.00 0.79
2014-12-31 10.99 0.00 1.28
2014-09-30 11.16 0.00 1.62
2014-06-30 11.41 0.00 1.01
2014-03-31 11.60 0.00 1.57
2013-12-31 11.79 0.00 1.14
2013-09-30 12.00 0.00 1.53
2013-06-30 12.21 0.00 1.20
2013-03-31 12.38 0.00 0.78
2012-12-31 12.53 0.00 1.31
2012-09-30 12.76 0.00 0.85
2012-06-30 12.98 0.00 1.28
  • Cross Timbers Royalty Trust has no debt.
  • Cross Timbers Royalty Trust has not taken on any debt in the past 5 years.
  • Cross Timbers Royalty Trust has no debt, it does not need to be covered by operating cash flow.
  • Cross Timbers Royalty Trust has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Cross Timbers Royalty 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. Cross Timbers Royalty Trust has a total score of 5/6, 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.

Dividends

 What is Cross Timbers Royalty 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
10.25%
Current annual income from Cross Timbers Royalty Trust dividends.
If you bought $2,000 of Cross Timbers Royalty Trust shares you are expected to receive $205 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?
  • Cross Timbers Royalty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Cross Timbers Royalty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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
NYSE:CRT 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
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:CRT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-20 1.224 10.381
2019-04-18 1.252 10.015
2019-03-19 1.269 10.846
2019-02-15 1.285 10.986
2019-01-18 1.381 11.319
2018-12-20 1.426 11.742
2018-11-19 1.404 10.103
2018-10-19 1.353 9.103
2018-09-18 1.328 8.924
2018-08-21 1.287 8.552
2018-07-20 1.272 8.428
2018-06-19 1.225 8.470
2018-05-18 1.190 8.477
2018-04-20 1.156 8.533
2018-03-19 1.117 7.961
2018-02-16 1.699 11.314
2018-01-19 1.286 8.662
2017-12-18 1.009 6.755
2017-11-17 1.115 7.514
2017-10-20 1.188 7.911
2017-09-19 1.010 6.905
2017-08-21 1.114 7.645
2017-07-21 0.929 6.215
2017-06-20 1.024 6.714
2017-05-19 0.922 5.942
2017-04-18 1.098 7.089
2017-03-21 1.074 7.125
2017-02-17 0.742 4.754
2017-01-20 0.952 5.436
2016-12-19 1.089 5.936
2016-11-18 1.395 7.684
2016-10-21 1.334 7.624
2016-09-20 0.883 4.819
2016-08-19 1.064 5.666
2016-07-19 0.653 3.448
2016-06-20 0.730 3.944
2016-05-20 0.568 3.411
2016-04-19 0.652 3.968
2016-03-21 1.473 9.551
2016-02-19 0.864 5.823
2016-01-19 2.025 14.984
2015-12-18 1.389 10.917
2015-11-19 1.513 10.718
2015-10-20 1.229 7.165
2015-09-18 1.132 6.863
2015-07-21 1.197 8.186
2015-06-19 0.961 6.095
2015-05-18 0.628 3.603
2015-04-20 1.884 8.622
2015-03-20 1.389 6.949
2015-02-17 1.820 8.735
2015-01-20 1.923 9.874
2014-12-19 2.557 13.755
2014-11-17 2.037 8.934
2014-10-21 2.281 8.451
2014-09-19 3.236 10.986
2014-08-19 3.064 9.678
2014-07-21 2.776 8.773
2014-06-20 2.018 6.047
2014-04-17 2.510 7.387
2014-03-21 3.137 10.055
2014-02-18 2.368 7.775
2014-01-21 2.904 9.527
2013-12-20 2.287 7.731
2013-11-18 2.692 9.147
2013-10-21 2.953 9.879
2013-09-20 3.069 10.421
2013-08-20 2.828 9.780
2013-07-19 2.431 8.741
2013-06-18 2.390 8.804
2013-05-20 2.181 7.701
2013-04-19 1.624 5.621
2013-03-18 1.569 5.546
2013-02-15 1.856 6.663
2013-01-18 1.894 6.215
2012-12-20 2.616 9.265
2012-11-19 2.249 8.707
2012-10-19 2.234 8.246
2012-09-18 1.694 5.483
2012-08-21 2.219 6.282
2012-07-20 2.623 6.816
2012-06-19 2.551 7.134
2012-05-18 2.354 6.602
2012-04-20 2.741 6.811
2012-03-20 2.644 6.500
2012-02-17 2.634 5.616
2012-01-20 3.221 7.098
2011-12-19 2.427 5.033
2011-11-18 3.005 6.292
2011-10-21 2.841 6.054
2011-09-20 3.236 7.117
2011-08-19 3.055 6.780
2011-07-19 4.042 9.149
2011-06-20 3.833 8.618
2011-05-20 2.681 6.407
2011-04-19 2.346 5.528
2011-03-21 2.890 6.221
2011-02-17 2.590 5.625
2011-01-21 2.968 6.603
2010-12-20 2.827 6.809
2010-11-19 2.281 5.598
2010-10-19 3.052 7.805
2010-09-20 2.826 7.811
2010-08-20 2.547 7.177
2010-07-20 2.753 7.815
2010-06-18 2.642 7.511
2010-05-18 2.841 8.037
2010-04-20 3.483 9.371
2010-03-19 3.067 9.372
2010-02-16 2.360 7.144
2010-01-19 2.770 8.422
2009-12-18 1.886 5.471
2009-11-19 2.334 6.697
2009-10-20 2.716 7.903
2009-09-18 2.325 7.509
2009-08-21 1.921 7.280
2009-07-21 1.284 5.222
2009-06-19 1.665 6.824

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Cross Timbers Royalty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
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 Cross Timbers Royalty 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 Cross Timbers Royalty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cross Timbers Royalty Trust has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Cross Timbers Royalty 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.
  • Cross Timbers Royalty Trust has no CEO, or we have no data on them.
Management Team

Lee Anderson

TITLE
Senior Vice President of Simmons Bank
Board of Directors
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 ($) Value ($)
X
Management checks
We assess Cross Timbers Royalty 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. Cross Timbers Royalty 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.

News

Simply Wall St News

Cross Timbers Royalty Trust (NYSE:CRT): What You Have To Know Before Buying For The Upcoming Dividend

Important news for shareholders and potential investors in Cross Timbers Royalty Trust (NYSE:CRT): The dividend payment of US$0.12 per share will be distributed into shareholder on 16 July 2018, and the stock will begin trading ex-dividend at an earlier date, 28 June 2018. … Below, I will explain how holding Cross Timbers Royalty Trust can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … View out our latest analysis for Cross Timbers Royalty Trust

Simply Wall St -

What You Must Know About Cross Timbers Royalty Trust's (NYSE:CRT) Market Risks

There are two types of risks that affect the market value of a listed company such as CRT. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, CRT appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market.

Simply Wall St -

Only 3 Days Left To Cash In On Cross Timbers Royalty Trust (NYSE:CRT) Dividend, Is It Worth Buying?

Cross Timbers Royalty Trust (NYSE:CRT) will be distributing its dividend of $0.11 per share on the 14 June 2018, and will start trading ex-dividend in 3 days time on the 30 May 2018. … See our latest analysis for Cross Timbers Royalty Trust 5 checks you should do on a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … NYSE:CRT Historical Dividend Yield May 26th 18 How well does Cross Timbers Royalty Trust fit our criteria?

Simply Wall St -

Where Cross Timbers Royalty Trust (NYSE:CRT) Stands In Terms Of Earnings Growth Against Its Industry

After reading Cross Timbers Royalty Trust's (NYSE:CRT) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … See our latest analysis for Cross Timbers Royalty Trust Were CRT's earnings stronger than its past performances and the industry? … Although revenue growth in the past couple of years, has been negative, earnings growth has been falling by even more, meaning Cross Timbers Royalty Trust has been ramping up its expenses.

Simply Wall St -

How Cross Timbers Royalty Trust (NYSE:CRT) Delivered A Better ROE Than Its Industry

See our latest analysis for Cross Timbers Royalty Trust Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs Cross Timbers Royalty Trust’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Cross Timbers Royalty Trust, which is 10.38%. … Cross Timbers Royalty Trust’s ROE is impressive relative to the industry average and also covers its cost of equity.

Simply Wall St -

Does Cross Timbers Royalty Trust's (NYSE:CRT) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CRT Price per share = $14.02 Earnings per share = $1.009 ∴ Price-Earnings Ratio = $14.02 ÷ $1.009 = 13.9x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with CRT, then CRT’s P/E would naturally be higher since investors would reward CRT’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with CRT, CRT’s P/E would again be higher since investors would reward CRT’s lower risk with a higher price as well.

Simply Wall St -

Don't Trust NYSE:CRT's 7.65% Yield

In the past 10 years Cross Timbers Royalty Trust (NYSE:CRT) has returned an average of 8.00% per year to investors in the form of dividend payouts. … View our latest analysis for Cross Timbers Royalty Trust 5 checks you should do on a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:CRT Historical Dividend Yield Mar 31st 18 How well does Cross Timbers Royalty Trust fit our criteria?

Simply Wall St -

Cross Timbers Royalty Trust (NYSE:CRT): What You Have To Know Before Buying For The Upcoming Dividend

Check out our latest analysis for Cross Timbers Royalty Trust 5 checks you should do on a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:CRT Historical Dividend Yield Mar 24th 18 How does Cross Timbers Royalty Trust fare? … Next Steps: After digging a little deeper into Cross Timbers Royalty Trust's yield, it's easy to see why you should be cautious investing in the company just for the dividend.

Simply Wall St -

Before You Buy Cross Timbers Royalty Trust's (NYSE:CRT), You Should Consider This

For Cross Timbers Royalty Trust’s (NYSE:CRT) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio is important. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … CRT's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.

Simply Wall St -

Are You Backing The Right Horse With Cross Timbers Royalty Trust (NYSE:CRT)?

Below, I will examine the sector growth prospects, and also determine whether Cross Timbers Royalty Trust is a laggard or leader relative to its energy sector peers. … See our latest analysis for Cross Timbers Royalty Trust What’s the catalyst for Cross Timbers Royalty Trust's sector growth? … Cross Timbers Royalty Trust lags the pack with its negative growth rate of -2.78% over the past year, which indicates the company has been growing at a slower pace than its energy peers.

Simply Wall St -

Company Info

Description

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits interests in certain working interest properties in Texas and Oklahoma. The company was founded in 1991 and is based in Dallas, Texas.

Details
Name: Cross Timbers Royalty Trust
CRT
Exchange: NYSE
Founded: 1991
$71,632,800
6,000,000
Website: http://www.crt-crosstimbers.com
Address: Cross Timbers Royalty Trust
2911 Turtle Creek Boulevard,
Suite 850,
Dallas,
Texas, 75219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CRT Trust Units New York Stock Exchange US USD 28. Feb 1992
Number of employees
Current staff
Staff numbers
0
Cross Timbers Royalty Trust employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 23:34
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/05/09
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.