Tejon Ranch
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Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. The last earnings update was 19 days ago. More info.
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TRC Share Price and Events
7 Day Returns
1 Year Returns
TRC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Tejon Ranch (TRC) | -0.3% | -6.3% | 2.8% | -23.6% | -9% | -46.3% |
| US Real Estate | 0.6% | -2.6% | 19.1% | -12.3% | 29.5% | 11.5% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- TRC underperformed the Real Estate industry which returned -12.3% over the past year.
- TRC underperformed the Market in United States of America which returned 3% over the past year.
TRC Value
Is Tejon Ranch undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Tejon Ranch
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Tejon Ranch.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.24 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.245 (1 + (1- 21%) (13.93%)) |
1.256 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.256 * 5.96%) |
10.21% |
Discounted Cash Flow Calculation for NYSE:TRC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Tejon Ranch is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.21%) |
|
|---|---|---|---|
| 2019 | 17.66 | Est @ 27.33% | 16.03 |
| 2020 | 21.19 | Est @ 19.95% | 17.44 |
| 2021 | 24.32 | Est @ 14.78% | 18.16 |
| 2022 | 27.03 | Est @ 11.17% | 18.32 |
| 2023 | 29.37 | Est @ 8.64% | 18.06 |
| 2024 | 31.38 | Est @ 6.86% | 17.51 |
| 2025 | 33.15 | Est @ 5.62% | 16.78 |
| 2026 | 34.72 | Est @ 4.76% | 15.95 |
| 2027 | 36.17 | Est @ 4.15% | 15.07 |
| 2028 | 37.51 | Est @ 3.72% | 14.18 |
| Present value of next 10 years cash flows | $167.51 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $37.51 × (1 + 2.73%) ÷ (10.21% – 2.73%) |
$514.93 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $514.93 ÷ (1 + 10.21%)10 |
$194.71 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $167.51 + $194.71 |
$362.22 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $362.22 / 25.98 |
$13.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $13.94 |
| Current discount | Discount to share price of
$18.18
= -1 x ($18.18 - $13.94) / $13.94 |
-30.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Tejon Ranch is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Tejon Ranch's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Tejon Ranch's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.16 |
| NYSE:TRC Share Price ** | NYSE (2019-03-20) in USD | $18.18 |
| United States of America Real Estate Industry PE Ratio | Median Figure of 28 Publicly-Listed Real Estate Companies | 15.61x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Tejon Ranch.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:TRC Share Price ÷ EPS (both in USD) = 18.18 ÷ 0.16 |
110.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tejon Ranch is overvalued based on earnings compared to the US Real Estate industry average.
- Tejon Ranch is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Tejon Ranch's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 110.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
40.3%per year |
| United States of America Real Estate Industry PEG Ratio | Median Figure of 12 Publicly-Listed Real Estate Companies | 1.03x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Tejon Ranch, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Tejon Ranch's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $16.14 |
| NYSE:TRC Share Price * | NYSE (2019-03-20) in USD | $18.18 |
| United States of America Real Estate Industry PB Ratio | Median Figure of 57 Publicly-Listed Real Estate Companies | 1.47x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:TRC Share Price ÷ Book Value per Share (both in USD) = 18.18 ÷ 16.14 |
1.13x |
* Primary Listing of Tejon Ranch.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Tejon Ranch is good value based on assets compared to the US Real Estate industry average.
Value checks
We assess Tejon Ranch's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check) Tejon Ranch has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TRC Future Performance
How is Tejon Ranch expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover Tejon Ranch, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Tejon Ranch's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Tejon Ranch's earnings growth is expected to exceed the United States of America market average.
- Unable to compare Tejon Ranch's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:TRC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 40.3% |
| United States of America Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 9.3% |
| United States of America Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | 9.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 46 | 14 | 4 |
| 2018-09-30 | 46 | 11 | 4 |
| 2018-06-30 | 43 | 16 | 1 |
| 2018-03-31 | 43 | 17 | 2 |
| 2017-12-31 | 35 | 10 | -2 |
| 2017-09-30 | 36 | 12 | -2 |
| 2017-06-30 | 37 | 8 | -2 |
| 2017-03-31 | 38 | 6 | -3 |
| 2016-12-31 | 46 | 6 | 1 |
| 2016-09-30 | 48 | 17 | 3 |
| 2016-06-30 | 47 | 12 | 1 |
| 2016-03-31 | 47 | 14 | 3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Tejon Ranch Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.16 |
| 2018-09-30 | 0.18 |
| 2018-06-30 | 0.04 |
| 2018-03-31 | 0.08 |
| 2017-12-31 | -0.08 |
| 2017-09-30 | -0.11 |
| 2017-06-30 | -0.10 |
| 2017-03-31 | -0.12 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.12 |
| 2016-06-30 | 0.07 |
| 2016-03-31 | 0.12 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Tejon Ranch will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Tejon Ranch's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Tejon Ranch has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TRC Past Performance
How has Tejon Ranch performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Tejon Ranch's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Tejon Ranch has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Tejon Ranch has become profitable in the last year making it difficult to compare the US Real Estate industry average.
Earnings and Revenue History
All data from Tejon Ranch Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 45.62 | 4.26 | 9.71 | |
| 2018-09-30 | 46.06 | 4.49 | 9.72 | |
| 2018-06-30 | 42.53 | 0.98 | 9.90 | |
| 2018-03-31 | 43.42 | 1.80 | 10.12 | |
| 2017-12-31 | 35.26 | -1.80 | 9.71 | |
| 2017-09-30 | 36.27 | -2.39 | 11.00 | |
| 2017-06-30 | 37.44 | -2.04 | 11.82 | |
| 2017-03-31 | 38.33 | -2.55 | 12.30 | |
| 2016-12-31 | 45.98 | 0.80 | 11.81 | |
| 2016-09-30 | 48.45 | 2.56 | 11.69 | |
| 2016-06-30 | 47.32 | 1.45 | 11.52 | |
| 2016-03-31 | 47.47 | 2.54 | 11.20 | |
| 2015-12-31 | 51.15 | 2.95 | 12.27 | |
| 2015-09-30 | 50.14 | 3.15 | 11.57 | |
| 2015-06-30 | 51.85 | 5.69 | 11.58 | |
| 2015-03-31 | 53.17 | 6.16 | 11.00 | |
| 2014-12-31 | 51.07 | 5.66 | 10.65 | |
| 2014-09-30 | 49.49 | 2.91 | 13.24 | |
| 2014-06-30 | 50.96 | 3.45 | 12.69 | |
| 2014-03-31 | 50.11 | 4.66 | 11.08 | |
| 2013-12-31 | 45.00 | 4.17 | 11.83 | |
| 2013-09-30 | 45.91 | 5.02 | 10.71 | |
| 2013-06-30 | 46.90 | 6.75 | 10.91 | |
| 2013-03-31 | 47.27 | 4.78 | 13.97 | |
| 2012-12-31 | 47.09 | 4.44 | 12.56 | |
| 2012-09-30 | 53.36 | 9.65 | 13.46 | |
| 2012-06-30 | 52.01 | 8.19 | 13.53 | |
| 2012-03-31 | 50.03 | 7.43 | 12.61 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Tejon Ranch has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Tejon Ranch used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
- Tejon Ranch has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Tejon Ranch's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Tejon Ranch has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TRC Health
How is Tejon Ranch's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Tejon Ranch's finances.
The net worth of a company is the difference between its assets and liabilities.
- Tejon Ranch is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Tejon Ranch's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Tejon Ranch Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 434.67 | 65.80 | 79.66 |
| 2018-09-30 | 434.49 | 66.82 | 79.56 |
| 2018-06-30 | 429.60 | 67.80 | 80.56 |
| 2018-03-31 | 429.21 | 68.41 | 90.59 |
| 2017-12-31 | 426.81 | 70.71 | 90.98 |
| 2017-09-30 | 336.10 | 89.47 | 24.15 |
| 2017-06-30 | 335.01 | 93.56 | 23.23 |
| 2017-03-31 | 333.17 | 90.26 | 27.71 |
| 2016-12-31 | 334.47 | 83.27 | 27.93 |
| 2016-09-30 | 333.63 | 90.49 | 31.04 |
| 2016-06-30 | 331.74 | 91.13 | 33.52 |
| 2016-03-31 | 331.86 | 81.16 | 34.03 |
| 2015-12-31 | 331.31 | 76.94 | 34.75 |
| 2015-09-30 | 328.04 | 87.04 | 37.22 |
| 2015-06-30 | 329.02 | 80.13 | 39.40 |
| 2015-03-31 | 325.21 | 81.68 | 45.61 |
| 2014-12-31 | 324.33 | 83.34 | 47.78 |
| 2014-09-30 | 325.77 | 84.72 | 50.87 |
| 2014-06-30 | 323.39 | 14.78 | 54.74 |
| 2014-03-31 | 321.58 | 4.64 | 57.10 |
| 2013-12-31 | 320.19 | 4.69 | 64.47 |
| 2013-09-30 | 313.00 | 4.75 | 73.57 |
| 2013-06-30 | 309.63 | 0.23 | 75.39 |
| 2013-03-31 | 308.99 | 0.24 | 70.19 |
| 2012-12-31 | 308.26 | 0.25 | 72.27 |
| 2012-09-30 | 307.39 | 0.26 | 75.04 |
| 2012-06-30 | 302.62 | 0.27 | 74.78 |
| 2012-03-31 | 301.08 | 0.28 | 75.51 |
- Tejon Ranch's level of debt (15.1%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (1.5% vs 15.1% today).
- Debt is well covered by operating cash flow (21.8%, greater than 20% of total debt).
- Tejon Ranch earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Tejon Ranch's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Tejon Ranch has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TRC Dividends
What is Tejon Ranch's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Tejon Ranch
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Tejon Ranch's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Tejon Ranch's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Tejon Ranch has not reported any payouts.
- Unable to verify if Tejon Ranch's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Tejon Ranch's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Tejon Ranch afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Tejon Ranch has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TRC Management
CEO
| COMPENSATION | $3,315,333 |
| AGE | 57 |
| TENURE AS CEO | 5.3 years |
CEO Bio
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 President of Western Region at American Newland Communities LLC and American Newland Communities LP. Mr. Bielli served as Regional President of West Region at Newland Real Estate Group, LLC. He served as the Chief Operating Officer of Tejon Ranch Co. from September 2013 to November 2013. Prior to joining Newland in June 2006, Mr. Bielli served as an Executive Vice President of Development at Medallist Developments Pty. Ltd. since May 2005. He was President of MCO Properties in Fountain Hills, Arizona where he led all aspects of its real estate projects and associated businesses, including development, golf and realty. He spent 17 years with MCO/Maxxam properties. He served as the Vice Mayor and Councilman for the City of Scottsdale from 1990 to 1998. He has been a Director of Tejon Ranch Co. since 2013. He is a graduate of the University of Arizona, Tucson and a Member of the Urban Land Institute (ULI) Community Development Council and the Executive Committee of the Arizona District Council of ULI.
CEO Compensation
- Greg 's compensation has been consistent with company performance over the past year.
- Greg 's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Tejon Ranch management team in years:
- The tenure for the Tejon Ranch management team is about average.
Management Team
Greg Bielli
President
$3M
57
5.3 yrs
Allen Lyda
Executive VP
$1M
60
0.2 yrs
Michael R. Houston
Senior VP & General Counsel
$827K
43
2.8 yrs
Hugh McMahon
Executive Vice President of Real Estate
$1M
51
4.3 yrs
Joe Rentfro
Executive Vice President of Real Estate
$1M
49
4 yrs
Robert Velasquez
Senior VP of Finance & CFO
52
0.2 yrs
Barry Zoeller
Vice President of Corporate Communications & Investor Relations
15.2 yrs
Michael Campeau
Senior Vice President of Ranch Operations
Trey Irwin
Senior Vice President of Agriculture
Tim Li
VP & Controller
3.3 yrs
Board of Directors Tenure
Average tenure and age of the Tejon Ranch board of directors in years:
- The tenure for the Tejon Ranch board of directors is about average.
Board of Directors
Norman Metcalfe
Chairman of the Board
$106K
75
5.2 yrs
Greg Bielli
President
$3M
57
6.2 yrs
Geoffrey Stack
Independent Director
$85K
74
21.2 yrs
Mike Winer
Independent Director
$96K
62
18.2 yrs
Anthony Leggio
Independent Director
$96K
66
6.8 yrs
Steve Betts
Independent Director
$96K
60
4.5 yrs
Dan Tisch
Independent Director
$81K
67
7 yrs
Bob Alter
Independent Director
$81K
67
4.5 yrs
Jean Fuller
Director
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Tejon Ranch's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Tejon Ranch has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TRC News
Simply Wall St News
How Much is Tejon Ranch Co.'s (NYSE:TRC) CEO Getting Paid?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Greg Bielli's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$466m, and pays its CEO total annual compensation worth US$3.3m.
Simply Wall St - – Full articleA Closer Look At Tejon Ranch Co.'s (NYSE:TRC) Uninspiring ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.010 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat You Must Know About Tejon Ranch Co.'s (NYSE:TRC) Financial Strength
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleWhat Percentage Of Tejon Ranch Co (NYSE:TRC) Shares Do Insiders Own?
Every investor in Tejon Ranch Co (NYSE:TRC) should be aware of the most powerful shareholder groups. … With a market capitalization of US$466m, Tejon Ranch is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Tejon Ranch
Simply Wall St - – Full articleIs Tejon Ranch Co's (NYSE:TRC) 1.0% Worse Than Average?
This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.010 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould You Worry About Tejon Ranch Co's (NYSE:TRC) CEO Pay?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Greg Bielli's Compensation Compare With Similar Sized Companies. … As you can see, Greg Bielli is paid more than the median CEO pay at companies of a similar size, in the same market
Simply Wall St - – Full articleIs Tejon Ranch Co's (NYSE:TRC) Balance Sheet A Threat To Its Future?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Simply Wall St - – Full articleWho Are The Top Investors In Tejon Ranch Co (NYSE:TRC)?
In this analysis, my focus will be on developing a perspective on Tejon Ranch Co’s (NYSE:TRC) latest ownership structure, a less discussed, but important factor. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Tejon Ranch
Simply Wall St - – Full articleWhy Tejon Ranch Co (NYSE:TRC) May Not Be As Efficient As Its Industry
Tejon Ranch Co’s (NYSE:TRC) most recent return on equity was a substandard 0.42% relative to its industry performance of 10.62% over the past year. … Though TRC's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted. … Knowing these components can change your views on TRC's below-average returns.
Simply Wall St - – Full articleInterested In Tejon Ranch Co (NYSE:TRC)? Here's How It Performed Recently
Below, I will assess TRC's latest performance announced on 31 March 2018 and weigh these figures against its longer term trend and industry movements. … Have TRC's earnings improved against past performances and the industry … TRC's trailing twelve-month earnings (from 31 March 2018) of US$1.80m has
Simply Wall St - – Full articleTRC Company Info
Description
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 entitling, 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 2 auto service stations with convenience stores, 13 fast-food operations, 2 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 1,197 acres, almonds in 1,966 acres, and pistachios in 1,062 acres. It also manages the farming of alfalfa and forage mix on 775 acres in the Antelope Valley; and leases 1,000 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.
Details
| Name: | Tejon Ranch Co. |
| TRC | |
| Exchange: | NYSE |
| Founded: | 1843 |
| $472,358,886 | |
| 25,982,337 | |
| Website: | http://tejonranch.com |
| Address: |
Tejon Ranch Co. 4436 Lebec Road, Lebec, California, 93243, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | TRC | Common Stock | New York Stock Exchange | US | USD | 05. Jul 1973 | |
| DB | 2TJ | Common Stock | Deutsche Boerse AG | DE | EUR | 05. Jul 1973 | |
| BST | 2TJ | Common Stock | Boerse-Stuttgart | DE | EUR | 05. Jul 1973 |
Number of employees
Current staff
Industry
| Diversified Real Estate Activities | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:47 |
| End of day share price update: | 2019/03/20 00:00 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
