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General information

Country: UNITED STATES

Sector: Conglomerates

Tejon Ranch Co. operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development. It is also involved in the activities related to communications leases, and landscape maintenance. This segment leases land to two auto service stations with convenience stores, 13 fast-food operations, two full-service restaurants, a motel, an antique shop, and a post office; various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; and 32 acres of land for an electric power plant. The Resort/Residential Real Estate Development segment engages in the land entitlement, land planning and pre-construction engineering, land stewardship, and conservation activities. The Mineral Resources segment includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc.; and the management of water assets and wa...
Website: tejonranch.com



Growth: Bad revenue growth rate -67.7%, there is slowdown compared to average historical growth rates 20.3%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +28.9%. On average the margin is decreasing unsteadily. Gross margin is high, +75.5%. In the last quarter the company beat the estimated EPS, +600.0%. The company was ahead of estimated EPS in 75% of quarters (showing a gain of +$0.11 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 2.9% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 17.2% higher than minimum and 20.8% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.6x by EV / Sales multiple , the company can be 73.1% overvalued

Key Financials (Download financials)

Ticker: TRC
Share price, USD:  (-0.2%)16.87
year average price 16.55  


year start price 17.28 2023-04-28

max close price 18.05 2023-06-08

min close price 14.88 2024-04-17

current price 16.87 2024-04-26
Common stocks: 26 649 348

Dividend Yield:  0.0%
FCF Yield LTM: 2.9%
EV / LTM EBITDA: 33.9x
EV / EBITDA annualized: 110.1x
Last revenue growth (y/y):  -67.7%
Last growth of EBITDA (y/y):  -92.9%
Historical revenue growth:  20.3%
Historical growth of EBITDA:  ---
EV / Sales: 9.8x
Margin (EBITDA LTM / Revenue): 28.9%
Fundamental value created in LTM:
Market Cap ($m): 450
Net Debt ($m): -9
EV (Enterprise Value): 441
Price to Book: 1.0x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-05-18Seeking Alpha

May's 5 Dividend Growth Stocks With 6.08%+ Yields
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol TRC TRC TRC TRC TRC TRC
reportedCurrency USD USD USD USD USD USD
cik 96 869 96 869 96 869 96 869 96 869 96 869
fillingDate 2024-03-06 2023-11-07 2023-08-03 2023-05-04 2023-03-08 2022-11-07
acceptedDate 2024-03-06 12:52:40 2023-11-07 13:44:04 2023-08-03 14:31:23 2023-05-04 13:13:39 2023-03-08 13:46:27 2022-11-07 13:03:15
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 16M 10M 6M 12M 17M 31M
costOfRevenue 15M 3M 6M 9M 14M 19M
grossProfit 696 000 8M 352 000 3M 3M 13M
grossProfitRatio 0.043 0.755 0.058 0.226 0.190 0.401
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 3M 2M 2M 2M 3M 2M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 3M 2M 2M 2M 3M 2M
otherExpenses -410 000 -30 000 -32 000 334 000 50 000 0
operatingExpenses 3M 8M 2M 2M 3M 2M
costAndExpenses 19M 10M 8M 12M 18M 20M
interestIncome 782 000 700 000 619 000 0 0 0
interestExpense 0 0 0 -2M -1M -3M
depreciationAndAmortization 3M 1M 987 000 988 000 1M 1M
ebitda 864 000 37 000 -2M 1M 799 000 12M
ebitdaratio 0.053 0.004 -0.246 0.083 0.046 0.384
operatingIncome -2M 37 000 -2M 30 000 -487 000 11M
operatingIncomeRatio -0.145 0.004 -0.307 0.002 -0.028 0.349
totalOtherIncomeExpensesNet 3M 2M 3M 3M 4M 2M
incomeBeforeTax 272 000 2M 655 000 3M 3M 13M
incomeBeforeTaxRatio 0.017 0.183 0.107 0.228 0.179 0.426
incomeTaxExpense -1M 2M 391 000 1M 1M 3M
netIncome 2M -341 000 267 000 2M 2M 10M
netIncomeRatio 0.097 -0.033 0.044 0.145 0.114 0.324
eps 0.059 -0.013 0.010 0.070 -0.220 0.380
epsdiluted 0.059 -0.013 0.010 0.070 -0.220 0.380
weightedAverageShsOut 27M 27M 27M 27M 26M 26M
weightedAverageShsOutDil 27M 27M 27M 27M 26M 27M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol TRC TRC TRC TRC TRC TRC
reportedCurrency USD USD USD USD USD USD
cik 96 869 96 869 96 869 96 869 96 869 96 869
fillingDate 2024-03-06 2023-11-07 2023-08-03 2023-05-04 2023-03-08 2022-11-07
acceptedDate 2024-03-06 12:52:40 2023-11-07 13:44:04 2023-08-03 14:31:23 2023-05-04 13:13:39 2023-03-08 13:46:27 2022-11-07 13:03:15
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 32M 43M 27M 40M 39M 30M
shortTermInvestments 33M 29M 40M 35M 33M 31M
cashAndShortTermInvestments 64M 73M 67M 76M 73M 62M
netReceivables 9M 4M 2M 2M 4M 5M
inventory 3M 9M 8M 6M 3M 6M
otherCurrentAssets 3M 4M 4M 4M 3M 4M
totalCurrentAssets 80M 89M 81M 87M 83M 76M
propertyPlantEquipmentNet 54M 55M 55M 54M 53M 53M
goodwill 0 0 0 0 0 0
intangibleAssets 52M 53M 51M 51M 47M 48M
goodwillAndIntangibleAssets 52M 53M 51M 51M 47M 48M
longTermInvestments 388M 31M 38M 36M 42M 39M
taxAssets 10M 347M 344M 0 0 0
otherNonCurrentAssets 4M 5M 3M 344M 342M 346M
totalNonCurrentAssets 508M 491M 492M 485M 484M 486M
otherAssets 1.000 0 0 0 0 0
totalAssets 588M 580M 573M 572M 567M 562M
accountPayables 6M 6M 5M 5M 5M 4M
shortTermDebt 0 2M 2M 2M 2M 2M
taxPayables 0 4M 873 000 2M 0 2M
deferredRevenue 2M 2M 2M 2M 2M 2M
otherCurrentLiabilities 3M 8M 3M 4M 4M 5M
totalCurrentLiabilities 12M 18M 12M 13M 12M 13M
longTermDebt 48M 47M 47M 48M 48M 49M
deferredRevenueNonCurrent 11M 11M 11M 11M 11M 8M
deferredTaxLiabilitiesNonCurrent 19M 8M 7M 7M 7M 4M
otherNonCurrentLiabilities 15M 15M 16M 16M 10M 65M
totalNonCurrentLiabilities 93M 81M 82M 82M 77M 73M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 105M 99M 94M 95M 89M 86M
preferredStock 0 0 0 0 0 0
commonStock 13M 13M 13M 13M 13M 13M
retainedEarnings 109M 107M 108M 107M 106M 104M
accumulatedOtherComprehensiveIncomeLoss -171 000 -481 000 -2M -3M -2M -3M
othertotalStockholdersEquity 346M 345M 344M 343M 345M 346M
totalStockholdersEquity 468M 466M 464M 462M 462M 460M
totalEquity 483M 481M 479M 477M 462M 460M
totalLiabilitiesAndStockholdersEquity 588M 580M 573M 572M 567M 562M
minorityInterest 15M 15M 15M 15M 15M 0
totalLiabilitiesAndTotalEquity 588M 580M 573M 572M 567M 562M
totalInvestments 421M 61M 13M 72M 75M 70M
totalDebt 48M 49M 49M 50M 50M 50M
netDebt 16M 5M 22M 9M 11M 20M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol TRC TRC TRC TRC TRC TRC
reportedCurrency USD USD USD USD USD USD
cik 96 869 96 869 96 869 96 869 96 869 96 869
fillingDate 2024-03-06 2023-11-07 2023-08-03 2023-05-04 2023-03-08 2022-11-07
acceptedDate 2024-03-06 12:52:40 2023-11-07 13:44:04 2023-08-03 14:31:23 2023-05-04 13:13:39 2023-03-08 13:46:27 2022-11-07 13:03:15
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 2M -347 000 264 000 2M 2M 10M
depreciationAndAmortization 3M 1M 987 000 988 000 1M 1M
deferredIncomeTax 1M 19M 9M 0 3M 0
stockBasedCompensation 883 000 864 000 884 000 621 000 789 000 1000.000
changeInWorkingCapital -5M 3M -3M 33 000 261 000 3M
accountsReceivables 755 000 -2M -2M 0 0 0
inventory 0 0 0 0 1M 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital -5M 5M -247 000 0 -789 000 0
otherNonCashItems -3M -10M -11M -9000.000 -838 000 -15M
netCashProvidedByOperatingActivities -1M 14M -2M 3M 7M -790 000
investmentsInPropertyPlantAndEquipment -8M -5M -5M -9M -5M -5M
acquisitionsNet 77 000 -3M 5M 0 -625 000 -175 000
purchasesOfInvestments -46M -28M -30M -29M -15M -12M
salesMaturitiesOfInvestments 43M 39M 26M 27M 13M 8M
otherInvestingActivites 4M -47 000 -6M 12M 11M 23M
netCashUsedForInvestingActivites -7M 3M -10M 877 000 3M 13M
debtRepayment -2M -449 000 -436 000 -436 000 -436 000 -310 000
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased -759 000 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites -759 000 -449 000 0 -3M -2M 0
netCashUsedProvidedByFinancingActivities -3M -449 000 -436 000 -3M -2M -310 000
effectOfForexChangesOnCash -500 000 -6M 24M 0 0 0
netChangeInCash -12M 16M -13M 1M 8M 12M
cashAtEndOfPeriod 32M 44M 28M 41M 40M 32M
cashAtBeginningOfPeriod 44M 28M 41M 40M 32M 20M
operatingCashFlow -1M 14M -2M 3M 7M -790 000
capitalExpenditure -8M -5M -5M -9M -5M -5M
freeCashFlow -9M 9M -8M -6M 2M -6M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-03-06 14:15 ET
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2023 Financial Results
2024-02-21 19:00 ET
Veteran Real Estate Professional to Head Tejon Ranch’s First Residential Multi-Family Community, Terra Vista at Tejon
2024-01-23 21:15 ET
Nestlé Joins Growing List of National and Multinational Companies Operating at the Tejon Ranch Commerce Center
2024-01-09 21:30 ET
Tejon Ranch Company to Start Construction on Its First Residential Multi-Family Community, Terra Vista at Tejon
2023-12-04 21:30 ET
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announces New Lease and Tenant at the Tejon Ranch Commerce Center (TRCC)
2023-11-20 14:15 ET
Tejon Ranch Co. Secures Significant New Unsecured Revolving Credit Facility
2023-11-07 14:15 ET
Tejon Ranch Co. Announces Third Quarter 2023 Financial Results
2023-08-03 13:15 ET
Tejon Ranch Co. Announces Second Quarter 2023 Financial Results
2023-07-10 13:15 ET
Tejon Ranch Co. Names New General Counsel
2023-05-05 20:30 ET
Tejon Ranch Co. Names New Chief Financial Officer
2023-05-04 13:15 ET
Tejon Ranch Co. Announces First Quarter 2023 Financial Results
2023-03-29 20:30 ET
Veteran Tejon Ranch Co. Real Estate Executive Joins Company To Head Centennial Project
2023-03-27 21:56 ET
Tejon Ranch Co. to Evaluate All Options to Proceed With the Eventual Development of Centennial at Tejon Ranch Following Court Ruling
2023-03-08 14:15 ET
Tejon Ranch Co. Announces Fourth Quarter and Year-Ended December 31, 2022 Financial Results
2023-01-05 21:15 ET
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Announce Pre-Lease of Upcoming Industrial Building at the Tejon Ranch Commerce Center (TRCC)
2022-11-30 17:50 ET
Tejon Ranch Co. Announces Settlement of Litigation Related to the Tejon Ranch Conservation and Land Use Agreement
2022-11-10 21:20 ET
Tejon Ranch Co. and Majestic Realty Co. Joint Venture Leases Its Newly Completed Industrial Building at Tejon Ranch Commerce Center (TRCC)
2022-11-07 14:15 ET
Tejon Ranch Co. Announces Third Quarter 2022 Financial Results
2022-10-04 12:00 ET
Ariat to Open Two Locations at the Outlets at Tejon
2022-08-03 13:15 ET
Tejon Ranch Co. Announces Second Quarter 2022 Financial Results
2022-05-09 13:15 ET
Tejon Ranch Co. Announces First Quarter 2022 Financial Results
2022-03-03 21:05 ET
Tejon Ranch Co. Announces Fourth-Quarter and Year-Ended December 31, 2021 Financial Results
2022-02-21 22:00 ET
Tejon Ranch Co. Poised to Undertake First Residential Development on Tejon Ranch
2022-02-10 17:43 ET
Industrial Properties in the Original Section of Tejon Ranch Commerce Center West of Interstate 5 Completely Sold Out As Development Now Centers on Area East of I-5
2021-12-16 17:00 ET
Sustainable Prefabricated Custom Home Builder to Expand Operations to Tejon Ranch
2021-12-01 22:06 ET
Centennial at Tejon Ranch Is Setting New Standards for Fire Safe, Sustainable, Affordable Master Planned Communities in California
2021-11-04 13:15 ET
Tejon Ranch Co. Announces Third Quarter 2021 Financial Results
2021-10-05 21:02 ET
Federal Court Ruling Upholding Habitat Conservation Plan on Tejon Ranch Stands
2021-09-24 18:15 ET
New Director to Join Tejon Ranch Co. Board
2021-08-05 13:15 ET
Tejon Ranch Co. Announces Second Quarter 2021 Financial Results
2021-07-07 16:10 ET
New Industrial Building Under Construction at the Tejon Ranch Commerce Center
2021-06-09 14:00 ET
Outlets at Tejon to Host Exclusive Media Availability Ahead of Art at OAT Event
2021-05-13 13:00 ET
Outlets at Tejon Present Art at OAT
2021-05-10 22:00 ET
Tejon Ranch Co. Names Senior Vice President of Real Estate
2021-05-05 13:15 ET
Tejon Ranch Co. Announces First Quarter 2021 Financial Results
2021-04-23 20:00 ET
Tejon Ranch Co. Names General Counsel
2021-04-08 18:57 ET
Finish Line in Sight for Efforts to Build Nearly 20,000 Homes in Los Angeles County
2021-03-03 14:15 ET
Tejon Ranch Co. Announces Fourth-Quarter and Year-Ended December 31, 2020 Financial Results
2021-01-27 01:40 ET
Environmental Groups Make Last Minute Attempt to Correct Major Error in a Defective Lawsuit Regarding the Tejon Ranch Conservation and Land Use Agreement
2021-01-22 21:39 ET
Court Rules in Favor of Tejon Ranch and Kern County Regarding Re-Approval of Grapevine at Tejon Ranch Master Planned Community
2021-01-06 14:15 ET
Tejon Ranch Co. Approved to Develop Multi-family Residential Complex
2020-12-15 14:15 ET
New Director to Join Tejon Ranch Co. Board
2020-12-07 14:15 ET
Federal Court Ruling a Total Victory for Tejon Ranch Company and US Fish & Wildlife Service in Frivolous Lawsuit Filed Over Plan to Protect Species on Tejon Ranch
2020-11-03 14:15 ET
Tejon Ranch Co. Announces Third Quarter and Year-to-date 2020 Financial Results
2020-09-09 17:00 ET
Providence Strategic Consulting, Inc. Named Agency of Record for Outlets at Tejon and Tejon Ranch Commerce Center
2020-08-05 20:15 ET
Tejon Ranch Co. Announces Second Quarter and Year-to-date 2020 Financial Results
2020-05-04 13:15 ET
Tejon Ranch Co. Announces First Quarter 2020 Financial Results
2020-04-29 16:00 ET
Tejon Ranch Co. Announces Change to a Virtual Meeting Format for 2020 Annual Meeting of Shareholders
2020-03-10 13:15 ET
Tejon Ranch Co. Announces Fourth-Quarter and Year-Ended December 31, 2019 Financial Results
2020-01-10 22:46 ET
Statement From Tejon Ranch Co. Regarding Lawsuit Filed Against Kern County Over Re-Approval of Grapevine at Tejon Ranch Master Planned Community
2019-12-10 23:45 ET
Kern County Board of Supervisors Unanimously Reaffirms Approval of Grapevine at Tejon Ranch
2019-11-26 14:15 ET
Texas-Based National Real Estate Owner-Developer Invests in Tejon Ranch
2019-11-06 21:15 ET
Tejon Ranch Co. Reports Third Quarter and Year-to-Date 2019 Results of Operations

SEC forms

Show financial reports only

SEC form 10
2024-03-06 12:52 ET
Tejon Ranch published news for 2023 q4
SEC form 10
2024-03-06 00:00 ET
Tejon Ranch published news for 2023 q4
SEC form 10
2023-11-07 13:44 ET
Tejon Ranch reported for 2023 q3
SEC form 10
2023-11-07 00:00 ET
Tejon Ranch published news for 2023 q3
SEC form 10
2023-08-03 14:31 ET
Tejon Ranch reported for 2023 q2
SEC form 10
2023-08-03 00:00 ET
Tejon Ranch published news for 2023 q2
SEC form 6
2023-06-22 15:00 ET
Tejon Ranch published news for 2023 q1
SEC form 10
2023-05-04 00:00 ET
Tejon Ranch published news for 2023 q1
SEC form 6
2023-03-29 14:00 ET
Tejon Ranch published news for 2022 q4
SEC form 6
2023-03-24 17:08 ET
Tejon Ranch published news for 2022 q4
SEC form 6
2023-03-24 17:03 ET
Tejon Ranch published news for 2022 q4
SEC form 10
2023-03-08 13:46 ET
Tejon Ranch reported for 2022 q4
SEC form 10
2023-03-08 00:00 ET
Tejon Ranch reported for 2022 q4
SEC form 10
2022-11-07 13:03 ET
Tejon Ranch reported for 2022 q3
SEC form 10
2022-11-07 00:00 ET
Tejon Ranch reported for 2022 q3
SEC form 10
2022-08-03 13:50 ET
Tejon Ranch reported for 2022 q2
SEC form 10
2022-08-03 00:00 ET
Tejon Ranch reported for 2022 q2
SEC form 6
2022-05-12 14:42 ET
Tejon Ranch published news for 2022 q1
SEC form 10
2022-05-09 15:31 ET
Tejon Ranch reported for 2022 q1
SEC form 10
2022-05-09 00:00 ET
Tejon Ranch reported for 2022 q1
SEC form 6
2022-04-07 16:37 ET
Tejon Ranch published news for 2022 q1
SEC form 6
2022-03-28 16:02 ET
Tejon Ranch published news for 2021 q4
SEC form 6
2022-03-22 11:32 ET
Tejon Ranch published news for 2021 q4
SEC form 10
2022-03-03 17:31 ET
Tejon Ranch published news for 2021 q4
SEC form 10
2022-03-03 00:00 ET
Tejon Ranch published news for 2021 q4
SEC form 6
2021-12-01 06:08 ET
Tejon Ranch published news for 2021 q3
SEC form 10
2021-11-04 16:11 ET
Tejon Ranch published news for 2021 q3
SEC form 10
2021-11-04 00:00 ET
Tejon Ranch published news for 2021 q3
SEC form 6
2021-09-24 16:42 ET
Tejon Ranch published news for 2021 q2
SEC form 10
2021-08-05 12:58 ET
Tejon Ranch published news for 2021 q2
SEC form 10
2021-08-05 00:00 ET
Tejon Ranch published news for 2021 q2
SEC form 6
2021-05-24 14:42 ET
Tejon Ranch published news for 2021 q1
SEC form 10
2021-05-05 14:05 ET
Tejon Ranch published news for 2021 q1
SEC form 10
2021-05-05 00:00 ET
Tejon Ranch published news for 2021 q1
SEC form 6
2021-04-23 15:30 ET
Tejon Ranch published news for 2021 q1
SEC form 6
2021-04-02 11:01 ET
Tejon Ranch published news for 2021 q1
SEC form 6
2021-03-22 13:01 ET
Tejon Ranch published news for 2020 q4
SEC form 10
2021-03-03 15:07 ET
Tejon Ranch published news for 2020 q4
SEC form 6
2021-01-06 14:08 ET
Tejon Ranch published news for 2020 q4
SEC form 6
2020-12-17 14:57 ET
Tejon Ranch published news for 2020 q3
SEC form 6
2020-12-15 14:24 ET
Tejon Ranch published news for 2020 q3
SEC form 10
2020-11-03 15:19 ET
Tejon Ranch published news for 2020 q3