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TRC

Tejon Ranch NYSE:TRC Stock Report

Last Price

US$15.49

Market Cap

US$410.2m

7D

2.2%

1Y

-1.4%

Updated

23 Jun, 2022

Data

Company Financials +
TRC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

TRC Stock Overview

Tejon Ranch Co., together with its subsidiaries, operates as a diversified real estate development and agribusiness company.

Rewards

Became profitable this year

Risk Analysis

No risks detected for TRC from our risk checks.

Tejon Ranch Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Tejon Ranch
Historical stock prices
Current Share PriceUS$15.49
52 Week HighUS$21.69
52 Week LowUS$14.83
Beta0.55
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

Jan 12

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

TRCUS Real EstateUS Market
7D2.2%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

Is TRC's price volatile compared to industry and market?
TRC volatility
TRC Average Weekly Movement3.5%
Real Estate Industry Average Movement8.0%
Market Average Movement7.9%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

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

FoundedEmployeesCEOWebsite
184390Greg Biellihttps://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

How do Tejon Ranch's earnings and revenue compare to its market cap?
TRC fundamental statistics
Market CapUS$410.20m
Earnings (TTM)US$10.71m
Revenue (TTM)US$65.58m

38.3x

P/E Ratio

6.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRC income statement (TTM)
RevenueUS$65.58m
Cost of RevenueUS$49.61m
Gross ProfitUS$15.97m
Other ExpensesUS$5.26m
EarningsUS$10.71m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.40
Gross Margin24.36%
Net Profit Margin16.33%
Debt/Equity Ratio11.2%

How did TRC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is TRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation 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.

TRC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.4x
Enterprise Value/EBITDA36.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does TRC's PE Ratio compare to its peers?

TRC PE Ratio vs Peers
The above table shows the PE ratio for TRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.1x

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.

TRC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.3x
Fair PE Ration/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

0/6

Future 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.


Discover growth companies

  • 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

3/6

Past 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

5/6

Financial 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

0/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.