Tejon Ranch Co
Find Ratings ReportsTEJON RANCH CO's gross profit margin for the third quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. TEJON RANCH CO is extremely liquid. Currently, the Quick Ratio is 4.23 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.18% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 10.21 | 31.48 |
EBITDA ($mil) | 1.07 | 12.28 |
EBIT ($mil) | 0.04 | 10.99 |
Net Income ($mil) | -0.34 | 10.18 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 72.61 | 62.75 |
Total Assets ($mil) | 580.27 | 561.89 |
Total Debt ($mil) | 48.64 | 50.37 |
Equity ($mil) | 465.63 | 460.17 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 33.11 | 44.2 |
EBITDA Margin | 10.43 | 39.02 |
Operating Margin | 0.36 | 34.91 |
Sales Turnover | 0.08 | 0.13 |
Return on Assets | 0.63 | 3.05 |
Return on Equity | 0.79 | 3.73 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 4.9 | 5.72 |
Debt/Capital | 0.09 | 0.1 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 26.73 | 26.49 |
Div / share | 0.0 | 0.0 |
EPS | -0.01 | 0.38 |
Book value / share | 17.42 | 17.37 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 50231.0 | 43851.0 |
SELL. TEJON RANCH CO's P/E ratio indicates a significant premium compared to an average of 42.90 for the Crop Production subsector and a significant premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 0.92 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.50. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, TEJON RANCH CO seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TRC 114.00 | Peers 42.90 | TRC 19.88 | Peers 21.41 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. TRC is trading at a significant premium to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TRC is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TRC 145.09 | Peers 17.57 | TRC NM | Peers 0.37 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. TRC is trading at a significant premium to its peers. |
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. TRC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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TRC 0.92 | Peers 1.50 | TRC -78.13 | Peers 10.45 | |||||||||||||||||||||
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. TRC 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, TRC 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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TRC 9.27 | Peers 2.27 | TRC -38.41 | Peers -2.19 | |||||||||||||||||||||
Premium. 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. TRC is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. TRC significantly trails its peers on the basis of sales growth. |
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