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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
TPL's Cash to Debt is ranked higher than
96% of the 1534 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.28 vs. TPL: No Debt )
TPL' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt

Equity to Asset 0.85
TPL's Equity to Asset is ranked higher than
95% of the 1547 Companies
in the Global Real Estate - General industry.

( Industry Median: 0.43 vs. TPL: 0.85 )
TPL' s 10-Year Equity to Asset Range
Min: 0.66   Max: 0.85
Current: 0.85

0.66
0.85
Interest Coverage No Debt
TPL's Interest Coverage is ranked higher than
96% of the 937 Companies
in the Global Real Estate - General industry.

( Industry Median: 10.44 vs. TPL: No Debt )
TPL' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: No Debt

F-Score: 7
Z-Score: 138.67
M-Score: 0.86
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 92.56
TPL's Operating margin (%) is ranked higher than
96% of the 1570 Companies
in the Global Real Estate - General industry.

( Industry Median: 19.77 vs. TPL: 92.56 )
TPL' s 10-Year Operating margin (%) Range
Min: 68.51   Max: 90.98
Current: 92.56

68.51
90.98
Net-margin (%) 62.58
TPL's Net-margin (%) is ranked higher than
92% of the 1570 Companies
in the Global Real Estate - General industry.

( Industry Median: 14.72 vs. TPL: 62.58 )
TPL' s 10-Year Net-margin (%) Range
Min: 48.19   Max: 61.71
Current: 62.58

48.19
61.71
ROE (%) 155.18
TPL's ROE (%) is ranked higher than
100% of the 1543 Companies
in the Global Real Estate - General industry.

( Industry Median: 7.93 vs. TPL: 155.18 )
TPL' s 10-Year ROE (%) Range
Min: 23.14   Max: 162.38
Current: 155.18

23.14
162.38
ROA (%) 122.25
TPL's ROA (%) is ranked higher than
100% of the 1588 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.28 vs. TPL: 122.25 )
TPL' s 10-Year ROA (%) Range
Min: 16.92   Max: 125.02
Current: 122.25

16.92
125.02
ROC (Joel Greenblatt) (%) 1378.07
TPL's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 1571 Companies
in the Global Real Estate - General industry.

( Industry Median: 15.57 vs. TPL: 1378.07 )
TPL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 90.62   Max: 1363.66
Current: 1378.07

90.62
1363.66
Revenue Growth (3Y)(%) 35.30
TPL's Revenue Growth (3Y)(%) is ranked higher than
93% of the 1302 Companies
in the Global Real Estate - General industry.

( Industry Median: 6.20 vs. TPL: 35.30 )
TPL' s 10-Year Revenue Growth (3Y)(%) Range
Min: -17.7   Max: 40.7
Current: 35.3

-17.7
40.7
EBITDA Growth (3Y)(%) 40.10
TPL's EBITDA Growth (3Y)(%) is ranked higher than
93% of the 1096 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.60 vs. TPL: 40.10 )
TPL' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 48.6
Current: 40.1

0
48.6
EPS Growth (3Y)(%) 39.30
TPL's EPS Growth (3Y)(%) is ranked higher than
89% of the 1023 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.60 vs. TPL: 39.30 )
TPL' s 10-Year EPS Growth (3Y)(%) Range
Min: -21   Max: 47.2
Current: 39.3

-21
47.2
» TPL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

TPL Guru Trades in Q4 2013

Jim Simons 8,000 sh (+63.27%)
Murray Stahl 1,453,782 sh (+8.23%)
Chuck Royce Sold Out
» More
Q1 2014

TPL Guru Trades in Q1 2014

Third Avenue Management 8,936 sh (New)
Chuck Royce 2,450 sh (New)
Murray Stahl 1,524,584 sh (+4.87%)
Jim Simons Sold Out
» More
Q2 2014

TPL Guru Trades in Q2 2014

Murray Stahl 1,527,375 sh (+0.18%)
Chuck Royce Sold Out
Third Avenue Management 8,748 sh (-2.1%)
» More
Q3 2014

TPL Guru Trades in Q3 2014

Murray Stahl 1,549,354 sh (+1.44%)
Third Avenue Management 8,543 sh (-2.34%)
» More
» Details

Insider Trades

Latest Guru Trades with TPL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2014-03-31 New Buy0.02%$93.891 - $144.1 $ 125.948%8936
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 31.20
TPL's P/E(ttm) is ranked higher than
63% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 19.20 vs. TPL: 31.20 )
TPL' s 10-Year P/E(ttm) Range
Min: 11.03   Max: 64.22
Current: 31.2

11.03
64.22
P/B 37.59
TPL's P/B is ranked lower than
56% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.21 vs. TPL: 37.59 )
TPL' s 10-Year P/B Range
Min: 7.57   Max: 69.32
Current: 37.59

7.57
69.32
P/S 19.50
TPL's P/S is ranked lower than
53% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 3.17 vs. TPL: 19.50 )
TPL' s 10-Year P/S Range
Min: 6.68   Max: 34.43
Current: 19.5

6.68
34.43
PFCF 31.33
TPL's PFCF is ranked higher than
83% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 31.33 )
TPL' s 10-Year PFCF Range
Min: 16.39   Max: 123.49
Current: 31.33

16.39
123.49
EV-to-EBIT 20.44
TPL's EV-to-EBIT is ranked higher than
71% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 22.67 vs. TPL: 20.44 )
TPL' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 45.5
Current: 20.44

7.1
45.5
PEG 0.69
TPL's PEG is ranked higher than
89% of the 1720 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 0.69 )
TPL' s 10-Year PEG Range
Min: 0.25   Max: 71.7
Current: 0.69

0.25
71.7
Shiller P/E 58.07
TPL's Shiller P/E is ranked higher than
76% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 58.07 )
TPL' s 10-Year Shiller P/E Range
Min: 17.89   Max: 102.5
Current: 58.07

17.89
102.5
Current Ratio 7.55
TPL's Current Ratio is ranked higher than
96% of the 1568 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.71 vs. TPL: 7.55 )
TPL' s 10-Year Current Ratio Range
Min: 1.51   Max: 21.21
Current: 7.55

1.51
21.21
Quick Ratio 7.55
TPL's Quick Ratio is ranked higher than
97% of the 1568 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.11 vs. TPL: 7.55 )
TPL' s 10-Year Quick Ratio Range
Min: 1.51   Max: 21.21
Current: 7.55

1.51
21.21

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.21
TPL's Dividend Yield is ranked lower than
96% of the 1102 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.53 vs. TPL: 0.21 )
TPL' s 10-Year Dividend Yield Range
Min: 0.12   Max: 1.04
Current: 0.21

0.12
1.04
Dividend Payout 0.07
TPL's Dividend Payout is ranked higher than
97% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.34 vs. TPL: 0.07 )
TPL' s 10-Year Dividend Payout Range
Min: 0.31   Max: 2.71
Current: 0.07

0.31
2.71
Dividend growth (3y) 10.50
TPL's Dividend growth (3y) is ranked higher than
76% of the 700 Companies
in the Global Real Estate - General industry.

( Industry Median: 6.80 vs. TPL: 10.50 )
TPL' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 36.2
Current: 10.5

0
36.2
Yield on cost (5-Year) 0.44
TPL's Yield on cost (5-Year) is ranked lower than
92% of the 1112 Companies
in the Global Real Estate - General industry.

( Industry Median: 2.89 vs. TPL: 0.44 )
TPL' s 10-Year Yield on cost (5-Year) Range
Min: 0.26   Max: 2.29
Current: 0.44

0.26
2.29
Share Buyback Rate 3.90
TPL's Share Buyback Rate is ranked higher than
93% of the 992 Companies
in the Global Real Estate - General industry.

( Industry Median: -2.00 vs. TPL: 3.90 )
TPL' s 10-Year Share Buyback Rate Range
Min: 4   Max: 1.5
Current: 3.9

Valuation & Return

vs
industry
vs
history
Price/Net Cash 49.78
TPL's Price/Net Cash is ranked higher than
96% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 49.78 )
TPL' s 10-Year Price/Net Cash Range
Min: 52.1   Max: 1299.5
Current: 49.78

52.1
1299.5
Price/Net Current Asset Value 41.70
TPL's Price/Net Current Asset Value is ranked higher than
93% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 41.70 )
TPL' s 10-Year Price/Net Current Asset Value Range
Min: 12.52   Max: 585
Current: 41.7

12.52
585
Price/Tangible Book 37.59
TPL's Price/Tangible Book is ranked lower than
53% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.30 vs. TPL: 37.59 )
TPL' s 10-Year Price/Tangible Book Range
Min: 5.49   Max: 57.76
Current: 37.59

5.49
57.76
Price/DCF (Projected) 5.01
TPL's Price/DCF (Projected) is ranked higher than
78% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 5.01 )
TPL' s 10-Year Price/DCF (Projected) Range
Min: 1.45   Max: 7.7
Current: 5.01

1.45
7.7
Price/Median PS Value 1.01
TPL's Price/Median PS Value is ranked higher than
76% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.09 vs. TPL: 1.01 )
TPL' s 10-Year Price/Median PS Value Range
Min: 0.33   Max: 1.67
Current: 1.01

0.33
1.67
Price/Peter Lynch Fair Value 1.25
TPL's Price/Peter Lynch Fair Value is ranked higher than
90% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 9999.00 vs. TPL: 1.25 )
TPL' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.5   Max: 7.97
Current: 1.25

0.5
7.97
Price/Graham Number 7.21
TPL's Price/Graham Number is ranked higher than
56% of the 1722 Companies
in the Global Real Estate - General industry.

( Industry Median: 1.10 vs. TPL: 7.21 )
TPL' s 10-Year Price/Graham Number Range
Min: 1.87   Max: 11.08
Current: 7.21

1.87
11.08
Earnings Yield (Greenblatt) 4.90
TPL's Earnings Yield (Greenblatt) is ranked higher than
69% of the 1550 Companies
in the Global Real Estate - General industry.

( Industry Median: 5.10 vs. TPL: 4.90 )
TPL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 14.1
Current: 4.9

2.2
14.1
Forward Rate of Return (Yacktman) 41.61
TPL's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 867 Companies
in the Global Real Estate - General industry.

( Industry Median: 4.70 vs. TPL: 41.61 )
TPL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -6.9   Max: 47.8
Current: 41.61

-6.9
47.8

Business Description

Industry: Real Estate Services » Real Estate - General
Compare:SUHJY, CHEUY, MITEY, BAM, HLDVF » details
Traded in other countries:9TP.Germany,
Texas Pacific Land Trust was organized under a Declaration of Trust, dated February 1, 1888, to receive and hold title to extensive tracts of land in the State of Texas, previously the property of the Texas and Pacific Railway Company, and to issue transferable Certificates of Proprietary Interest pro rata to the original holders of certain debt securities of the Texas and Pacific Railway Company. The Trustees are empowered under the Declaration of Trust to manage the lands with all the powers of an absolute owner, and to use the lands and the proceeds of sale of the lands, either to pay dividends to the Certificate holders or to buy in and cancel outstanding Certificates. The Trust's income is derived mainly from land sales, oil and gas royalties, easement and sundry income, grazing leases, and interest. This method of operation has continued through the present. During the last five years there has not been any reorganization, disposition of any material amount of assets not in the ordinary course of business (although in the ordinary course of business Texas Pacific does sell or lease large tracts of land owned by it), or any material change in the mode of conducting business. As of February 15, 2014, the Trust Company owned the surface estate in 911,217 acres of land, comprised of numerous separate tracts, located in 18 counties in the western part of Texas. There were no material liens or encumbrances on the Trust's title to the surface estate in those tracts. The Trust also owns a 1/128 nonparticipating perpetual oil and gas royalty interest under 85,414 acres of land and a 1/16 nonparticipating perpetual oil and gas royalty interest under 373,777 acres of land in the western part of Texas. At December 31, 2013, grazing leases were in effect on over 99 percent or approximately 908,349 acres of the Trust's land.
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