| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
TRC Stock Overview
Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company.
Tejon Ranch Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$15.49 |
| 52 Week High | US$21.69 |
| 52 Week Low | US$14.83 |
| Beta | 0.55 |
| 1 Month Change | -8.61% |
| 3 Month Change | -14.61% |
| 1 Year Change | -1.40% |
| 3 Year Change | -6.12% |
| 5 Year Change | -25.13% |
| Change since IPO | -64.39% |
Recent News & Updates
Tejon Ranch: Owning A Californian Mountain Range
Tejon Ranch Company is the largest contiguous private landowner in California, with a plot of land about an hour north of Los Angeles. With planned recent approvals of new commercial and residential developments along the Interstate 5 corridor, future income looks brighter than in years prior. While a long-term horizon investment, I find at current prices the company is quite a safe and unique investment.
Shareholder Returns
| TRC | US Real Estate | US Market | |
|---|---|---|---|
| 7D | 2.2% | 10.1% | 4.0% |
| 1Y | -1.4% | -53.1% | -20.5% |
Return vs Industry: TRC exceeded the US Real Estate industry which returned -54.1% over the past year.
Return vs Market: TRC exceeded the US Market which returned -20.8% over the past year.
Price Volatility
| TRC volatility | |
|---|---|
| TRC Average Weekly Movement | 3.5% |
| Real Estate Industry Average Movement | 8.0% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TRC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TRC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1843 | 90 | Greg Bielli | https://tejonranch.com |
Tejon Ranch Co., together with its subsidiaries, 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 projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.
Tejon Ranch Fundamentals Summary
| TRC fundamental statistics | |
|---|---|
| Market Cap | US$410.20m |
| Earnings (TTM) | US$10.71m |
| Revenue (TTM) | US$65.58m |
38.3x
P/E Ratio6.3x
P/S RatioIs TRC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRC income statement (TTM) | |
|---|---|
| Revenue | US$65.58m |
| Cost of Revenue | US$49.61m |
| Gross Profit | US$15.97m |
| Other Expenses | US$5.26m |
| Earnings | US$10.71m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.40 |
| Gross Margin | 24.36% |
| Net Profit Margin | 16.33% |
| Debt/Equity Ratio | 11.2% |
How did TRC perform over the long term?
See historical performance and comparisonValuation
Is TRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TRC?
Other financial metrics that can be useful for relative valuation.
| What is TRC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$410.20m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 6.4x |
| Enterprise Value/EBITDA | 36.3x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does TRC's PE Ratio compare to its peers?
| TRC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.1x |
Price-To-Earnings vs Peers: TRC is expensive based on its Price-To-Earnings Ratio (38.3x) compared to the peer average (11.1x).
Price to Earnings Ratio vs Industry
How does TRC's PE Ratio compare vs other companies in the U.S. Real Estate Industry?
Price-To-Earnings vs Industry: TRC is expensive based on its Price-To-Earnings Ratio (38.3x) compared to the US Real Estate industry average (10.4x)
Price to Earnings Ratio vs Fair Ratio
What is TRC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 38.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TRC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of TRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TRC ($15.49) is trading above our estimate of fair value ($0.78)
Significantly Below Fair Value: TRC is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRC's PEG Ratio to determine if it is good value.
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Future Growth
How is Tejon Ranch forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
38.4%
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.
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- Examine Tejon Ranch's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Tejon Ranch competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Tejon Ranch performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
35.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRC has high quality earnings.
Growing Profit Margin: TRC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TRC has become profitable over the past 5 years, growing earnings by 35.7% per year.
Accelerating Growth: TRC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TRC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (116.4%).
Return on Equity
High ROE: TRC's Return on Equity (2.3%) is considered low.
Discover strong past performing companies
Financial Health
How is Tejon Ranch's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: TRC's short term assets ($72.0M) exceed its short term liabilities ($19.0M).
Long Term Liabilities: TRC's short term assets ($72.0M) exceed its long term liabilities ($70.2M).
Debt to Equity History and Analysis
Debt Level: TRC has more cash than its total debt.
Reducing Debt: TRC's debt to equity ratio has reduced from 27.1% to 11.2% over the past 5 years.
Debt Coverage: TRC's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: TRC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Tejon Ranch current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
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 recent payouts.
High Dividend: Unable to evaluate TRC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TRC has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average management tenure
CEO
Greg Bielli (60 yo)
8.75yrs
Tenure
US$1,872,299
Compensation
Mr. Gregory S. Bielli, also known as Greg, has been the President and Chief Executive Officer of Tejon Ranch Co. since September 2013 and December 17, 2013 respectively. Mr. Bielli served as Regional Presi...
CEO Compensation Analysis
Compensation vs Market: Greg 's total compensation ($USD1.87M) is below average for companies of similar size in the US market ($USD2.77M).
Compensation vs Earnings: Greg 's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TRC's management team is seasoned and experienced (5 years average tenure).
Board Members
Experienced Board: TRC's board of directors are considered experienced (9.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tejon Ranch Co.'s 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
- Implied Market Cap: US$410.201m
- Shares outstanding: 26.48m
- Website: https://tejonranch.com
Number of Employees
Location
- Tejon Ranch Co.
- 4436 Lebec Road
- P.O. Box 1000
- Lebec
- California
- 93243
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/23 00:00 |
| End of Day Share Price | 2022/06/23 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.