Financials Texas Pacific Land Corporation

Equities

TPL

US88262P1021

Oil & Gas Exploration and Production

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
595.7 USD +0.62% Intraday chart for Texas Pacific Land Corporation +2.24% +13.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,059 5,639 9,674 18,061 12,068 13,704 - -
Enterprise Value (EV) 1 5,755 5,358 9,246 17,550 11,343 12,616 12,131 11,686
P/E ratio - 32 x 35.9 x 40.6 x 29.8 x 28.4 x 24.4 x -
Yield 0.77% 2.2% 0.88% 0.51% 0.83% 0.78% 0.78% 0.78%
Capitalization / Revenue 12.4 x 18.6 x 21.5 x 27.1 x 19.1 x 20 x 17.1 x 16.3 x
EV / Revenue 11.7 x 17.7 x 20.5 x 26.3 x 18 x 18.4 x 15.2 x 13.9 x
EV / EBITDA 14 x 22.9 x 24.4 x 29.7 x 20.9 x 22.2 x 17.4 x 15.9 x
EV / FCF 18.5 x 26.5 x 37 x 41 x 28.1 x 26.8 x 21.4 x 19.4 x
FCF Yield 5.4% 3.77% 2.7% 2.44% 3.56% 3.73% 4.68% 5.16%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 7,756 7,756 23,239 23,113 23,025 23,005 - -
Reference price 2 260.4 242.3 416.3 781.4 524.2 595.7 595.7 595.7
Announcement Date 1/30/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 490.5 302.6 451 667.4 631.6 686.1 799.5 841
EBITDA 1 410.7 234.1 379.3 591.8 541.4 569 696 736
EBIT 1 401.8 217.3 362.4 562.3 486.1 557.2 679 719
Operating Margin 81.91% 71.81% 80.36% 84.25% 76.96% 81.22% 84.93% 85.49%
Earnings before Tax (EBT) 1 404.5 219.7 369.7 568.9 517.6 555 679 719
Net income 1 320.9 176 270 446.4 405.6 453.9 532.5 560
Net margin 65.43% 58.19% 59.87% 66.88% 64.23% 66.16% 66.6% 66.59%
EPS 2 - 7.567 11.61 19.26 17.59 21.01 24.37 -
Free Cash Flow 1 310.6 202 249.6 427.9 403.3 471 567.5 603
FCF margin 63.32% 66.75% 55.35% 64.12% 63.85% 68.65% 70.98% 71.7%
FCF Conversion (EBITDA) 75.63% 86.28% 65.81% 72.31% 74.48% 82.78% 81.54% 81.93%
FCF Conversion (Net income) 96.78% 114.71% 92.46% 95.87% 99.41% 103.76% 106.57% 107.68%
Dividend per Share 2 2.000 5.333 3.667 4.000 4.333 4.670 4.670 4.670
Announcement Date 1/30/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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 2025 Q1
Net sales 1 123.7 147.2 147.3 176.3 191.1 152.7 146.4 160.6 158 166.7 158.2 172.6 180.6 174.2 182
EBITDA 1 107.6 130.3 128.5 158.3 169.8 133.9 115.9 133.6 141 150.9 128 142 149 151 156
EBIT 1 103.2 125.9 124.3 151.7 162.1 124.2 105 120.3 127 133.9 126.5 140.4 148.6 141.7 152
Operating Margin 83.46% 85.52% 84.37% 86.07% 84.8% 81.35% 71.71% 74.89% 80.37% 80.32% 79.96% 81.35% 82.31% 81.32% 83.52%
Earnings before Tax (EBT) 1 103.8 125.6 124.4 152.3 164 128.2 110.3 127.2 134.9 145.1 125 138 145 147 152
Net income 1 83.84 79.04 97.9 118.9 129.8 99.73 86.57 100.4 105.6 113.1 104 115.6 122.1 116.8 119
Net margin 67.77% 53.71% 66.45% 67.45% 67.94% 65.31% 59.15% 62.51% 66.83% 67.87% 65.76% 67.01% 67.6% 67.03% 65.38%
EPS 2 3.607 3.403 4.213 5.123 5.607 4.313 3.747 4.350 4.580 4.910 4.821 5.351 5.693 5.147 -
Dividend per Share 2 0.9167 0.9167 1.000 1.000 1.000 1.000 2.000 1.083 1.083 1.083 1.170 1.170 1.170 1.170 1.170
Announcement Date 11/4/21 2/23/22 5/4/22 8/3/22 11/2/22 2/22/23 5/3/23 8/2/23 11/1/23 2/21/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 304 281 428 511 725 1,088 1,573 2,018
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 311 202 250 428 403 471 568 603
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 14.20 8.030 11.40 19.30 18.10 20.40 23.50 26.20
Capex 1 - - - - 15 7.5 7.5 -
Capex / Sales - - - - 2.38% 1.09% 0.94% -
Announcement Date 1/30/20 2/25/21 2/23/22 2/22/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
595.7 USD
Average target price
660.7 USD
Spread / Average Target
+10.92%
Consensus
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