Tejon Ranch
Market Cap
US$367.8m
Last Updated
2020/03/31 01:08 UTC
Data Sources
Company Financials
Executive Summary
Tejon Ranch Co. operates as a diversified real estate development and agribusiness company.
Snowflake Analysis
Excellent balance sheet with proven track record.
Similar Companies
Share Price & News
How has Tejon Ranch's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.8%
TRC
19.0%
US Real Estate
7.2%
US Market
1 Year Return
-19.7%
TRC
-30.9%
US Real Estate
-10.4%
US Market
Return vs Industry: TRC exceeded the US Real Estate industry which returned -32.6% over the past year.
Return vs Market: TRC underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| TRC | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.8% | 19.0% | 7.2% |
| 30 Day | -7.0% | -30.3% | -12.6% |
| 90 Day | -12.2% | -37.8% | -19.4% |
| 1 Year | -19.7%-19.7% | -30.3%-30.9% | -8.5%-10.4% |
| 3 Year | -35.0%-35.0% | -15.3%-17.4% | 15.8%8.3% |
| 5 Year | -45.1%-45.1% | -31.1%-33.2% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is Tejon Ranch's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Here's Why We Think Tejon Ranch's (NYSE:TRC) Statutory Earnings Might Be Conservative2 weeks ago | Simply Wall St
Tejon Ranch Co. (NYSE:TRC) Insiders Increased Their Holdings1 month ago | Simply Wall St
Would Tejon Ranch (NYSE:TRC) Be Better Off With Less Debt?Valuation
Is Tejon Ranch undervalued compared to its fair value and its price relative to the market?
34.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRC ($13.52) is trading above our estimate of fair value ($9.01)
Significantly Below Fair Value: TRC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRC is poor value based on its PE Ratio (33.3x) compared to the Real Estate industry average (15.8x).
PE vs Market: TRC is poor value based on its PE Ratio (33.3x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRC is good value based on its PB Ratio (0.8x) compared to the US Real Estate industry average (1.1x).
Next Steps
Future Growth
How is Tejon Ranch forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.9%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tejon Ranch has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out Tejon Ranch's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Tejon Ranch competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Tejon Ranch performed over the past 5 years?
-0.04%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRC has high quality earnings.
Growing Profit Margin: TRC's current net profit margins (21.4%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: TRC's earnings have declined by -0.04% per year over the past 5 years.
Accelerating Growth: TRC's earnings growth over the past year (148.6%) exceeds its 5-year average (-0.04% per year).
Earnings vs Industry: TRC earnings growth over the past year (148.6%) exceeded the Real Estate industry 10.6%.
Return on Equity
High ROE: TRC's Return on Equity (2.4%) is considered low.
Next Steps
Financial Health
How is Tejon Ranch's financial position?
Financial Position Analysis
Short Term Liabilities: TRC's short term assets ($82.2M) exceed its short term liabilities ($15.1M).
Long Term Liabilities: TRC's short term assets ($82.2M) exceed its long term liabilities ($78.7M).
Debt to Equity History and Analysis
Debt Level: TRC's debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: TRC's debt to equity ratio has reduced from 25.7% to 14.4% over the past 5 years.
Debt Coverage: TRC's debt is well covered by operating cash flow (24.9%).
Interest Coverage: Insufficient data to determine if TRC's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: TRC has a high level of physical assets or inventory.
Debt Coverage by Assets: TRC's debt is covered by short term assets (assets are 1.3x debt).
Next Steps
Dividend
What is Tejon Ranch's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TRC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Greg Bielli (58yo)
6.25s
Tenure
US$2,252,946
Compensation
Mr. Gregory S. Bielli, also known as Greg, has been the President and Chief Executive Officer of Tejon Ranch Co. since September 2013 and December 17, 2013 respectively. Mr. Bielli served as Regional Presi ...
CEO Compensation Analysis
Compensation vs Market: Greg 's total compensation ($USD2.25M) is about average for companies of similar size in the US market ($USD2.17M).
Compensation vs Earnings: Greg 's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.25yrs | US$2.25m | 0.74% $2.7m | |
| COO & Executive VP | 1.17yrs | US$998.88k | 0.53% $2.0m | |
| Senior VP & General Counsel | 3.83yrs | US$638.21k | 0.057% $211.2k | |
| Executive Vice President of Real Estate | 5.25yrs | US$733.40k | 0.10% $368.3k | |
| Executive Vice President of Real Estate | 5yrs | US$679.54k | 0.15% $547.0k | |
| Senior VP of Finance & CFO | 1.17yrs | no data | 0.058% $211.6k | |
| Senior Vice President of Corporate Communication & Investor Relations | 16.17yrs | no data | no data | |
| Senior Vice President of Ranch Operations | no data | no data | no data | |
| Senior Vice President of Agriculture | no data | no data | no data | |
| VP & Controller | 4.25yrs | no data | no data |
4.6yrs
Average Tenure
52.5yo
Average Age
Experienced Management: TRC's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.25yrs | US$2.25m | 0.74% $2.7m | |
| Independent Chairman of the Board | 6.17yrs | US$106.43k | 0.071% $261.3k | |
| Independent Director | 22.17yrs | US$96.44k | 0.12% $425.6k | |
| Independent Director | 19.17yrs | US$96.44k | 0.038% $141.0k | |
| Independent Director | 8yrs | US$81.42k | 4.36% $16.0m | |
| Independent Director | 5.42yrs | US$96.44k | 0.089% $326.0k | |
| Independent Director | 7.83yrs | US$96.44k | 0.12% $448.1k | |
| Director | 1.17yrs | no data | 0.011% $39.1k |
7.5yrs
Average Tenure
65yo
Average Age
Experienced Board: TRC's board of directors are considered experienced (7.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRC 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
Tejon Ranch Co.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tejon Ranch Co.
- Ticker: TRC
- Exchange: NYSE
- Founded: 1843
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: US$367.759m
- Shares outstanding: 26.21m
- Website: https://tejonranch.com
Number of Employees
Location
- Tejon Ranch Co.
- 4436 Lebec Road
- Lebec
- California
- 93243
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 1973 |
| 2TJ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1973 |
Biography
Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, two full-service restaurants, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in the land entitlement, land planning and pre-construction engineering, land stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and water infrastructure. The Farming segment farms permanent crops, including wine grapes in 835 acres, almonds in 2,129 acres, and pistachios in 1,053 acres. It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as permanent crops. The Ranch Operations segment offers game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts. The company was founded in 1843 and is headquartered in Lebec, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 01:08 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.