Texas Pacific Land Trust holds title to tracts of land in the state of Texas. More Details
No risks detected for TPL from our risk checks.
Flawless balance sheet 6 star dividend payer.
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 +/- 7% a week.
Volatility Over Time: TPL's weekly volatility (7%) has been stable over the past year.
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 -31.2% over the past year.
Return vs Market: TPL underperformed the US Market which returned 19.8% over the past year.
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
3 weeks ago | Simply Wall StNeed To Know: Texas Pacific Land Trust (NYSE:TPL) Insiders Have Been Buying Shares
1 month ago | Simply Wall StWhat Kind Of Shareholders Own Texas Pacific Land Trust (NYSE:TPL)?
1 month ago | Simply Wall StHow Much is Texas Pacific Land Trust's (NYSE:TPL) CEO Getting Paid?
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 ($591.8) is trading below our estimate of fair value ($637.25)
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 (22.9x) compared to the US Oil and Gas industry average (9.3x).
PE vs Market: TPL is poor value based on its PE Ratio (22.9x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: TPL is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: TPL is overvalued based on its PB Ratio (8.8x) 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 (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 (22% 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
How has Texas Pacific Land Trust performed over the past 5 years?
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.
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 ($63.4M).
Debt to Equity History and Analysis
Debt Level: TPL is debt free.
Reducing Debt: TPL has not had any debt for past 5 years.
Debt Coverage: TPL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TPL has no debt, therefore coverage of interest payments is not a concern.
What is Texas Pacific Land Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TPL's dividend (4.39%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: TPL's dividend (4.39%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: TPL's dividends per share have been stable in the past 10 years.
Growing Dividend: TPL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.7%), TPL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TPL's dividends in 3 years are forecast to be well covered by earnings (33.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tyler Glover (35 yo)
Mr. Tyler Glover has been Chief Executive Officer, General Agent and Secretary at Texas Pacific Land Trust since November 05, 2016. Mr. Glover has been Assistant General Agent of Texas Pacific Land Trust s...
CEO Compensation Analysis
Compensation vs Market: Tyler's total compensation ($USD3.79M) is about average for companies of similar size in the US market ($USD5.14M).
Compensation vs Earnings: Tyler's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|General Agent||4yrs||US$3.79m||0.0013% |
|General Agent||5.92yrs||US$3.83m||0.0026% |
|Vice President of Finance & Investor Relations||no data||no data||no data|
|Senior VP & General Counsel||0.25yr||no data||no data|
|Executive Vice President of Texas Pacific Water Resources LLC||3.42yrs||no data||no data|
Experienced Management: TPL's management team is considered experienced (3.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$4.590b
- 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. The Land and Resourc...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/28 00:01|
|End of Day Share Price||2020/11/27 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.