Texas Pacific Land Trust holds title to tracts of land in the state of Texas.
Flawless balance sheet with proven track record.
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's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: TPL exceeded the US Oil and Gas industry which returned -4.2% over the past year.
Return vs Market: TPL underperformed the US Market which returned 24.4% over the past year.
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
1 week ago | Simply Wall StIs Texas Pacific Land Trust (NYSE:TPL) Excessively Paying Its CEO?
1 month ago | Simply Wall StTexas Pacific Land Trust's (NYSE:TPL) Earnings Are Growing But Is There More To The Story?
1 month ago | Simply Wall StIs It Worth Buying Texas Pacific Land Trust (NYSE:TPL) For Its 0.9% Dividend Yield?
Is Texas Pacific Land Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TPL ($799.45) is trading below our estimate of fair value ($1316.08)
Significantly Below Fair Value: TPL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TPL is poor value based on its PE Ratio (19.9x) compared to the Oil and Gas industry average (10.2x).
PE vs Market: TPL is poor value based on its PE Ratio (19.9x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TPL is poor value based on its PEG Ratio (3.9x)
Price to Book Ratio
PB vs Industry: TPL is overvalued based on its PB Ratio (14x) compared to the US Oil and Gas industry average (1x).
How is Texas Pacific Land Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TPL's forecast earnings growth (5.1% per year) is above the savings rate (1.7%).
Earnings vs Market: TPL's earnings (5.1% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TPL's earnings are forecast to grow, but not significantly.
Revenue vs Market: TPL's revenue (5.8% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: TPL's revenue (5.8% 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
How has Texas Pacific Land Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPL has a high level of non-cash earnings.
Growing Profit Margin: TPL's current net profit margins (66.5%) are lower than last year (69.7%).
Past Earnings Growth Analysis
Earnings Trend: TPL's earnings have grown significantly by 49.1% per year over the past 5 years.
Accelerating Growth: TPL's earnings growth over the past year (81.9%) exceeds its 5-year average (49.1% per year).
Earnings vs Industry: TPL earnings growth over the past year (81.9%) exceeded the Oil and Gas industry -13.3%.
Return on Equity
High ROE: TPL's Return on Equity (70.4%) is considered outstanding.
Return on Assets
Return on Capital Employed
How is Texas Pacific Land Trust's financial position?
Financial Position Analysis
Short Term Liabilities: TPL's short term assets ($312.7M) exceed its short term liabilities ($23.9M).
Long Term Liabilities: TPL's short term assets ($312.7M) exceed its long term liabilities ($54.7M).
Debt to Equity History and Analysis
Debt Level: TPL is debt free.
Reducing Debt: TPL has not had any debt for past 5 years.
Debt Coverage: TPL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPL has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: TPL has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TPL's debt is covered by short term assets.
What is Texas Pacific Land Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TPL's dividend (0.75%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: TPL's dividend (0.75%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: TPL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: TPL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TPL is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TPL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
What is the CEO of Texas Pacific Land Trust's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Tyler Glover (34yo)
Mr. Tyler Glover has been Chief Executive Officer, General Agent and Secretary at Texas Pacific Land Trust since November 05, 2016. Mr. Glover has been Assistant General Agent of Texas Pacific Land Trust s ...
CEO Compensation Analysis
Compensation vs Market: Tyler's total compensation ($USD2.31M) is below average for companies of similar size in the US market ($USD6.46M).
Compensation vs Earnings: Tyler's compensation has increased by more than 20% in the past year.
Management Age and Tenure
Experienced Management: TPL's management team is considered experienced (3.2 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Robert Packer (50yo)
- Tenure: 5.1yrs
- Compensation: US$2.33m
Executive VP & Chief Commercial Officer
- Tenure: 0.4yrs
Vice President of Finance & Investor Relations
Tyler Glover (34yo)
- Tenure: 3.2yrs
- Compensation: US$2.31m
John Norris (65yo)
- Tenure: 0.9yrs
- Compensation: US$104.00k
David Barry (74yo)
- Tenure: 0.9yrs
- Compensation: US$104.00k
Texas Pacific Land Trust's company bio, employee growth, exchange listings and data sources
- Name: Texas Pacific Land Trust
- Ticker: TPL
- Exchange: NYSE
- Founded: 1888
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$6.150b
- Shares outstanding: 7.76m
- Website: https://www.tpltrust.com
Number of Employees
- Texas Pacific Land Trust
- 1700 Pacific Avenue
- Suite 2770
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPL||NYSE (New York Stock Exchange)||Yes||Certificates of Proprietary Interest||US||USD||Jan 1968|
|9TP||DB (Deutsche Boerse AG)||Yes||Certificates of Proprietary Interest||DE||EUR||Jan 1968|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/18 23:42|
|End of Day Share Price||2020/01/17 00:00|
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.