Cross Timbers Royalty Trust
Find Ratings ReportsCROSS TIMBERS ROYALTY TRUST's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector.
During the same period, stockholders' equity ("net worth") has decreased by 9.68% from the same quarter last year.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 2.68 | 3.82 |
EBITDA ($mil) | 2.43 | 3.73 |
EBIT ($mil) | 2.43 | 3.73 |
Net Income ($mil) | 2.45 | 3.74 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1.54 | 2.2 |
Total Assets ($mil) | 4.28 | 5.23 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 2.73 | 3.03 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 100.0 | 100.0 |
EBITDA Margin | 90.95 | 97.72 |
Operating Margin | 90.96 | 97.72 |
Sales Turnover | 2.97 | 2.18 |
Return on Assets | 278.09 | 203.55 |
Return on Equity | 435.2 | 351.69 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 6.0 | 6.0 |
Div / share | 0.41 | 0.62 |
EPS | 0.41 | 0.62 |
Book value / share | 0.46 | 0.5 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 27768.0 | 27164.0 |
BUY. CROSS TIMBERS ROYALTY TRUST's P/E ratio indicates a significant discount compared to an average of 26.07 for the Lessors of Nonfinancial Intangible Assets subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 37.94 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 75.73. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, CROSS TIMBERS ROYALTY TRUST proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CRT 8.68 | Peers 26.07 | CRT NA | Peers 24.29 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CRT is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CRT NA | Peers 21.35 | CRT NA | Peers 3.01 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CRT 37.94 | Peers 75.73 | CRT 12.42 | Peers 342.07 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CRT is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CRT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CRT 8.16 | Peers 11.47 | CRT 11.75 | Peers -0.46 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CRT is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CRT has a sales growth rate that significantly exceeds its peers. |
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