NYSE:TPL

Stock Analysis Report

Texas Pacific Land Trust

Executive Summary

Texas Pacific Land Trust holds title to tracts of land in the state of Texas.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Risks

  • Texas Pacific Land Trust has significant price volatility in the past 3 months.
  • Texas Pacific Land Trust is not covered by any analysts.

Similar Companies

Share Price & News

How has Texas Pacific Land Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.3%

NYSE:TPL

-3.4%

US Oil and Gas

-1.0%

US Market


1 Year Return

-15.4%

NYSE:TPL

-22.5%

US Oil and Gas

-0.4%

US Market

TPL outperformed the Oil and Gas industry which returned -22.5% over the past year.

TPL underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

TPLIndustryMarket
7 Day-1.3%-3.4%-1.0%
30 Day-12.0%-9.2%-3.3%
90 Day-22.5%-11.9%0.8%
1 Year-14.7%-15.4%-19.7%-22.5%1.9%-0.4%
3 Year283.7%275.9%-8.6%-16.8%39.4%30.4%
5 Year251.9%243.3%-33.5%-42.5%54.2%37.1%

Price Volatility Vs. Market

How volatile is Texas Pacific Land Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

Texas Pacific Land Trust is overvalued based on earnings compared to the US Oil and Gas industry average.

Texas Pacific Land Trust is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

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

Texas Pacific Land Trust is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

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

-15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Texas Pacific Land Trust is high growth as no revenue estimate data is available.

Texas Pacific Land Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Texas Pacific Land Trust's revenue growth to the United States of America market average as no estimate data is available.

Texas Pacific Land Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

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 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Texas Pacific Land Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

47.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (96.9% vs 47.8%)

Texas Pacific Land Trust's earnings growth has exceeded the US Oil and Gas industry average in the past year (96.9% vs 23.6%).


Return on Equity

Texas Pacific Land Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).


Return on Assets

Texas Pacific Land Trust used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Texas Pacific Land Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Texas Pacific Land Trust's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Texas Pacific Land Trust has no debt.

Texas Pacific Land Trust has not taken on any debt in the past 5 years.

Texas Pacific Land Trust has no debt, it does not need to be covered by operating cash flow.

Texas Pacific Land Trust has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Texas Pacific Land Trust has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

0.89%

Current Dividend Yield


Dividend Yield and Payments Analysis

Texas Pacific Land Trust's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Texas Pacific Land Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (22.3x 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.


Next Steps

Management

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


CEO

Tyler Glover (34yo)

2.8yrs

Tenure

US$2,312,025

Compensation

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 s ...


CEO Compensation Analysis

Tyler's remuneration is lower than average for companies of similar size in United States of America.

Tyler's compensation has been consistent with company performance over the past year, both up more than 20%.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$83,61208 Apr 19
SMP Asset Management, LLC
EntityCompany
Shares112
Max PriceUS$796.00
SellUS$8,341,91215 Mar 19
Horizon Kinetics LLC
EntityCompany
Shares10,710
Max PriceUS$778.89
BuyUS$6,613,56515 Mar 19
Horizon Kinetics LLC
EntityCompany
Shares8,405
Max PriceUS$786.89
SellUS$8,602,66315 Mar 19
SoftVest Management, LP
EntityCompany
Shares11,500
Max PriceUS$789.98
BuyUS$46,70627 Dec 18
David Barry
EntityIndividual
Role
Co-Chairman of the Board
Shares100
Max PriceUS$467.06
BuyUS$58,90006 Dec 18
Robert Packer
EntityIndividual
Role
General Agent
Shares100
Max PriceUS$589.00
BuyUS$59,80006 Dec 18
Tyler Glover
EntityIndividual
Role
General Agent
Shares100
Max PriceUS$598.00
SellUS$303,63021 Nov 18
Maurice Meyer
EntityIndividual
Shares500
Max PriceUS$607.26
SellUS$573,09516 Nov 18
Maurice Meyer
EntityIndividual
Shares1,000
Max PriceUS$576.19
BuyUS$81,00012 Oct 18
David Barry
EntityIndividual
Role
Co-Chairman of the Board
Shares100
Max PriceUS$810.00
SellUS$95,26604 Oct 18
Maurice Meyer
EntityIndividual
Shares109
Max PriceUS$874.00
SellUS$860,80028 Sep 18
Maurice Meyer
EntityIndividual
Shares1,000
Max PriceUS$864.00
SellUS$417,50014 Sep 18
Maurice Meyer
EntityIndividual
Shares500
Max PriceUS$835.00
SellUS$854,13227 Aug 18
Maurice Meyer
EntityIndividual
Shares1,000
Max PriceUS$855.26

Ownership Breakdown


Management Team

  • Robert Packer (50yo)

    General Agent

    • Tenure: 4.7yrs
    • Compensation: $2.33m
  • Sameer Parasnis

    Executive VP & Chief Commercial Officer

  • Tyler Glover (34yo)

    General Agent

    • Tenure: 2.8yrs
    • Compensation: $2.31m

Board Members

  • John Norris (65yo)

    Co-Chairman

    • Tenure: 0.5yrs
    • Compensation: $104.00k
  • David Barry (74yo)

    Co-Chairman

    • Tenure: 0.5yrs
    • Compensation: $104.00k

Company Information

Texas Pacific Land Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Texas Pacific Land Trust
  • Ticker: TPL
  • Exchange: NYSE
  • Founded: 1888
  • Industry: oil and gas exploration and production
  • Sector: energy
  • Market Cap: US$5.206b
  • Shares outstanding: 7.76m
  • Website: Click here

Number of Employees


Location

  • Texas Pacific Land Trust
  • 1700 Pacific Avenue
  • Suite 2770
  • Dallas
  • Texas
  • 75201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPLNYSE (New York Stock Exchange)YesCertificates of Proprietary InterestUSUSDJan 1968
9TPDB (Deutsche Boerse AG)YesCertificates of Proprietary InterestDEEURJan 1968

Biography

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, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:46
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.