NYSE:TPL

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Texas Pacific Land Trust

Executive Summary

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


Snowflake Analysis

Flawless balance sheet 6 star dividend payer.


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

Stable Share Price: TPL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TPL's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

0.5%

TPL

-3.2%

US Oil and Gas

0.7%

US Market


1 Year Return

-7.0%

TPL

-32.7%

US Oil and Gas

22.2%

US Market

Return vs Industry: TPL exceeded the US Oil and Gas industry which returned -33.8% over the past year.

Return vs Market: TPL underperformed the US Market which returned 22.7% over the past year.


Shareholder returns

TPLIndustryMarket
7 Day0.5%-3.2%0.7%
30 Day33.3%25.0%11.8%
90 Day17.6%9.8%8.6%
1 Year-4.6%-7.0%-28.2%-32.7%25.0%22.2%
3 Year61.8%55.4%-34.1%-43.1%49.4%39.5%
5 Year346.5%325.9%-20.7%-36.4%100.2%78.1%

Long-Term 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 compared to its fair value and its price relative to the market?

4.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TPL ($620.2) is trading below our estimate of fair value ($648.32)

Significantly Below Fair Value: TPL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TPL is poor value based on its PE Ratio (24x) compared to the US Oil and Gas industry average (8.5x).

PE vs Market: TPL is poor value based on its PE Ratio (24x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: TPL is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: TPL is overvalued based on its PB Ratio (9.3x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Texas Pacific Land Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPL's forecast earnings growth (12.2% per year) is above the savings rate (2.2%).

Earnings vs Market: TPL's earnings (12.2% per year) are forecast to grow slower than the US market (21.8% per year).

High Growth Earnings: TPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: TPL's revenue (8.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: TPL's revenue (8.6% per year) is forecast to grow slower 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


Next Steps

Past Performance

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

39.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPL has high quality earnings.

Growing Profit Margin: TPL's current net profit margins (58.7%) are lower than last year (66.4%).


Past Earnings Growth Analysis

Earnings Trend: TPL's earnings have grown significantly by 39.7% 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 (-35.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-29.6%).


Return on Equity

High ROE: TPL's Return on Equity (38.6%) is considered high.


Next Steps

Financial Health

How is Texas Pacific Land Trust's financial position?


Financial Position Analysis

Short Term Liabilities: TPL's short term assets ($356.9M) exceed its short term liabilities ($18.6M).

Long Term Liabilities: TPL's short term assets ($356.9M) exceed its long term liabilities ($63.4M).


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


Next Steps

Dividend

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

4.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TPL's dividend (4.19%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: TPL's dividend (4.19%) is in the top 25% of dividend payers in the US market (4.14%)


Stability and Growth of Payments

Stable Dividend: TPL's dividends per share have been stable 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 (38.7%), 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 (33.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Tyler Glover (35 yo)

4.08yrs

Tenure

US$3,789,515

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

Compensation vs Market: Tyler's total compensation ($USD3.79M) is below average for companies of similar size in the US market ($USD6.94M).

Compensation vs Earnings: Tyler's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Tyler Glover
General Agent4.08yrsUS$3.79m0.0013%
$ 62.1k
Robert Packer
General Agent6yrsUS$3.83m0.0026%
$ 124.1k
Chris Steddum
Vice President of Finance & Investor Relationsno datano datano data
Micheal Dobbs
Senior VP & General Counsel0.33yrno datano data
Robert Crain
Executive Vice President of Texas Pacific Water Resources LLC3.5yrsno datano data

3.8yrs

Average Tenure

41yo

Average Age

Experienced Management: TPL's management team is considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 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$4.810b
  • Shares outstanding: 7.76m
  • Website: https://www.tpltrust.com

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. The Land and Resourc...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 00:44
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.