Texas Pacific Land
Market Cap
US$12.3b
Last Updated
2021/04/18 23:11 UTC
Data Sources
Company Financials +
Executive Summary
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. More Details
Snowflake Analysis
Flawless balance sheet with high growth potential.
Similar Companies
Share Price & News
How has Texas Pacific Land's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TPL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TPL's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
TPL
0.4%
US Oil and Gas
1.3%
US Market
1 Year Return
208.2%
TPL
43.9%
US Oil and Gas
53.8%
US Market
Return vs Industry: TPL exceeded the US Oil and Gas industry which returned 43.9% over the past year.
Return vs Market: TPL exceeded the US Market which returned 53.8% over the past year.
Shareholder returns
| TPL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.4% | 1.3% |
| 30 Day | -5.7% | -0.3% | 5.1% |
| 90 Day | 87.9% | 13.9% | 8.9% |
| 1 Year | 213.5%208.2% | 53.8%43.9% | 56.6%53.8% |
| 3 Year | 202.6%187.8% | -18.0%-29.5% | 64.4%53.6% |
| 5 Year | 1,031.6%963.3% | -4.5%-23.8% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Texas Pacific Land's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Makes Texas Pacific Land Corporation (NYSE:TPL) A Great Dividend Stock?1 month ago | Simply Wall St
Texas Pacific Land (NYSE:TPL) Could Be A Buy For Its Upcoming Dividend2 months ago | Simply Wall St
Texas Pacific Land Corporation's (NYSE:TPL) Shares Climb 27% But Its Business Is Yet to Catch UpValuation
Is Texas Pacific Land undervalued compared to its fair value and its price relative to the market?
69.61x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TPL ($1580) is trading above our estimate of fair value ($1265.1)
Significantly Below Fair Value: TPL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TPL is poor value based on its PE Ratio (69.6x) compared to the US Oil and Gas industry average (13.4x).
PE vs Market: TPL is poor value based on its PE Ratio (69.6x) compared to the US market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: TPL is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: TPL is overvalued based on its PB Ratio (25.3x) compared to the US Oil and Gas industry average (1.4x).
Future Growth
How is Texas Pacific Land forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
31.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPL's forecast earnings growth (31% per year) is above the savings rate (2%).
Earnings vs Market: TPL's earnings (31% per year) are forecast to grow faster than the US market (17.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TPL's revenue (25.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: TPL's revenue (25.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TPL's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Texas Pacific Land performed over the past 5 years?
35.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPL has high quality earnings.
Growing Profit Margin: TPL's current net profit margins (58.2%) are lower than last year (65%).
Past Earnings Growth Analysis
Earnings Trend: TPL's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: TPL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TPL had negative earnings growth (-44.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-44.6%).
Return on Equity
High ROE: TPL's Return on Equity (36.3%) is considered high.
Financial Health
How is Texas Pacific Land's financial position?
Financial Position Analysis
Short Term Liabilities: TPL's short term assets ($331.2M) exceed its short term liabilities ($19.5M).
Long Term Liabilities: TPL's short term assets ($331.2M) exceed its long term liabilities ($66.9M).
Debt to Equity History and Analysis
Debt Level: TPL is debt free.
Reducing Debt: TPL has not had any debt for past 5 years.
Debt Coverage: TPL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPL has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Texas Pacific Land current dividend yield, its reliability and sustainability?
0.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPL's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: TPL's dividend (0.7%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: TPL's dividend payments have been volatile in the past 10 years.
Growing Dividend: TPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.1%), TPL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TPL's dividends in 3 years are forecast to be well covered by earnings (18.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Tyler Glover (35 yo)
4.42yrs
Tenure
US$3,006,666
Compensation
Mr. Tyler Glover serves as President and Chief Executive Officer at Texas Pacific Land Corporation. He served as Chief Executive Officer, General Agent and Secretary at Texas Pacific Land Corporation since...
CEO Compensation Analysis
Compensation vs Market: Tyler's total compensation ($USD3.01M) is below average for companies of similar size in the US market ($USD11.16M).
Compensation vs Earnings: Tyler's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TPL's management team is considered experienced (4 years average tenure).
Board Members
Experienced Board: TPL's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Texas Pacific Land Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Texas Pacific Land Corporation
- Ticker: TPL
- Exchange: NYSE
- Founded: 1888
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$12.255b
- Shares outstanding: 7.76m
- Website: https://www.texaspacific.com
Number of Employees
Location
- Texas Pacific Land Corporation
- 1700 Pacific Avenue
- Suite 2900
- Dallas
- Texas
- 75201
- United States
Listings
Biography
Texas Pacific Land Corporation engages in the land and resource management, and water services and operations businesses. The company’s Land and Resource Management segment manages approximately 880,000 ac...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/18 23:11 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.