TEXAS PACIFIC LAND CORPORATION Financials Texas Pacific Land Corporation
Equities
TPL
US88262P1021
Oil & Gas Exploration and Production
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 614.3 USD | -0.04% |
|
+0.50% | +17.20% |
| 09/05 | Transcript : Texas Pacific Land Corporation, Q1 2024 Earnings Call, May 09, 2024 | |
| 08/05 | Texas Pacific Land Q1 Net Income, Revenue Rise | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,059 | 5,639 | 9,674 | 18,061 | 12,068 | 14,123 | - |
| Enterprise Value (EV) 1 | 5,755 | 5,358 | 9,246 | 17,550 | 11,343 | 14,123 | 12,501 |
| P/E ratio | - | 32 x | 35.9 x | 40.6 x | 29.8 x | 29 x | 25.2 x |
| Yield | 0.77% | 2.2% | 0.88% | 0.51% | 0.83% | - | - |
| Capitalization / Revenue | 12.4 x | 18.6 x | 21.5 x | 27.1 x | 19.1 x | 19.5 x | 16.9 x |
| EV / Revenue | 12.4 x | 18.6 x | 21.5 x | 27.1 x | 19.1 x | 19.5 x | 16.9 x |
| EV / EBITDA | 1,47,54,258 x | 2,40,91,248 x | 2,55,07,130 x | 3,05,18,221 x | 2,22,89,264 x | - | 1,92,93,490 x |
| EV / FCF | 1,95,09,448 x | 2,79,21,254 x | 3,87,56,450 x | 4,22,05,068 x | 2,99,26,955 x | - | 2,38,15,910 x |
| FCF Yield | 0% | 0% | 0% | 0% | 0% | - | 0% |
| Price to Book | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 7,756 | 7,756 | 23,239 | 23,113 | 23,025 | 22,990 | - |
| Reference price 2 | 260.4 | 242.3 | 416.3 | 781.4 | 524.2 | 614.3 | 614.3 |
| Announcement Date | 30/01/20 | 25/02/21 | 23/02/22 | 22/02/23 | 21/02/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 490.5 | 302.6 | 451 | 667.4 | 631.6 | 724.7 | 835 |
| EBITDA | 410.7 | 234.1 | 379.3 | 591.8 | 541.4 | - | 732 |
| EBIT 1 | 401.8 | 217.3 | 362.4 | 562.3 | 486.1 | 574.7 | 713 |
| Operating Margin | 81.91% | 71.81% | 80.36% | 84.25% | 76.96% | 79.31% | 85.39% |
| Earnings before Tax (EBT) | 404.5 | 219.7 | 369.7 | 568.9 | 517.6 | - | 713 |
| Net income 1 | 320.9 | 176 | 270 | 446.4 | 405.6 | 487.6 | 563 |
| Net margin | 65.43% | 58.19% | 59.87% | 66.88% | 64.23% | 67.29% | 67.43% |
| EPS 2 | - | 7.567 | 11.61 | 19.26 | 17.59 | 21.20 | 24.37 |
| Free Cash Flow | 310.6 | 202 | 249.6 | 427.9 | 403.3 | - | 593 |
| FCF margin | 63.32% | 66.75% | 55.35% | 64.12% | 63.85% | - | 71.02% |
| FCF Conversion (EBITDA) | 75.63% | 86.28% | 65.81% | 72.31% | 74.48% | - | 81.01% |
| FCF Conversion (Net income) | 96.78% | 114.71% | 92.46% | 95.87% | 99.41% | - | 105.33% |
| Dividend per Share | 2.000 | 5.333 | 3.667 | 4.000 | 4.333 | - | - |
| Announcement Date | 30/01/20 | 25/02/21 | 23/02/22 | 22/02/23 | 21/02/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 147.2 | 147.3 | 176.3 | 191.1 | 152.7 | 146.4 | 160.6 | 158 | 166.7 | 174.1 | 182.3 | 192 | 176.2 |
| EBITDA | 130.3 | 128.5 | 158.3 | 169.8 | 133.9 | 115.9 | 133.6 | 141 | 150.9 | 152 | - | - | - |
| EBIT 1 | 125.9 | 124.3 | 151.7 | 162.1 | 124.2 | 105 | 120.3 | 127 | 133.9 | 136 | 145.1 | 155.3 | 138.3 |
| Operating Margin | 85.52% | 84.37% | 86.07% | 84.8% | 81.35% | 71.71% | 74.89% | 80.37% | 80.32% | 78.12% | 79.57% | 80.92% | 78.46% |
| Earnings before Tax (EBT) | 125.6 | 124.4 | 152.3 | 164 | 128.2 | 110.3 | 127.2 | 134.9 | 145.1 | 146 | - | - | - |
| Net income 1 | 79.04 | 97.9 | 118.9 | 129.8 | 99.73 | 86.57 | 100.4 | 105.6 | 113.1 | 114.4 | 123.3 | 131.7 | 118.2 |
| Net margin | 53.71% | 66.45% | 67.45% | 67.94% | 65.31% | 59.15% | 62.51% | 66.83% | 67.87% | 65.7% | 67.62% | 68.61% | 67.08% |
| EPS 2 | 3.403 | 4.213 | 5.123 | 5.607 | 4.313 | 3.747 | 4.350 | 4.580 | 4.910 | 4.970 | 5.361 | 5.726 | 5.139 |
| Dividend per Share | 0.9167 | 1.000 | 1.000 | 1.000 | 1.000 | 2.000 | 1.083 | 1.083 | 1.083 | - | - | - | - |
| Announcement Date | 23/02/22 | 04/05/22 | 03/08/22 | 02/11/22 | 22/02/23 | 03/05/23 | 02/08/23 | 01/11/23 | 21/02/24 | 08/05/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - |
| Net Cash position | 304 | 281 | 428 | 511 | 725 | - | 1,622 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow | 311 | 202 | 250 | 428 | 403 | - | 593 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - |
| Cash Flow per Share | 14.20 | 8.030 | 11.40 | 19.30 | 18.10 | - | - |
| Capex 1 | - | - | - | - | 15 | 7.5 | 7.5 |
| Capex / Sales | - | - | - | - | 2.38% | 1.03% | 0.9% |
| Announcement Date | 30/01/20 | 25/02/21 | 23/02/22 | 22/02/23 | 21/02/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
614.3
USD
Average target price
741.1
USD
Spread / Average Target
+20.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.20% | 1.41TCr | |
| +8.86% | 30TCr | |
| +0.34% | 14TCr | |
| +60.77% | 13TCr | |
| +20.61% | 8.2TCr | |
| +2.98% | 7.16TCr | |
| +4.67% | 5.54TCr | |
| +6.90% | 4.73TCr | |
| +28.49% | 3.55TCr | |
| -9.50% | 3.49TCr |
- Stock Market
- Equities
- TPL Stock
- Financials Texas Pacific Land Corporation
