Annual Income Statements for Tejon Ranch
This table shows Tejon Ranch's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Tejon Ranch
This table shows Tejon Ranch's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
10 |
1.98 |
1.77 |
0.27 |
-0.34 |
1.57 |
-2.77 |
0.96 |
-1.84 |
6.34 |
Consolidated Net Income / (Loss) |
|
10 |
1.99 |
1.78 |
0.26 |
-0.35 |
1.57 |
-1.83 |
0.96 |
-3.67 |
7.23 |
Net Income / (Loss) Continuing Operations |
|
-0.82 |
12 |
1.29 |
0.20 |
-0.38 |
2.16 |
-2.77 |
1.74 |
-1.84 |
5.56 |
Total Pre-Tax Income |
|
13 |
3.12 |
2.79 |
0.66 |
1.87 |
0.27 |
-10 |
-0.22 |
-8.56 |
23 |
Total Revenue |
|
0.00 |
79 |
0.00 |
0.00 |
0.00 |
45 |
15 |
0.00 |
22 |
4.15 |
Total Non-Interest Income |
|
0.00 |
79 |
0.00 |
0.00 |
0.00 |
45 |
15 |
0.00 |
22 |
4.15 |
Total Non-Interest Expense |
|
0.00 |
71 |
0.00 |
0.00 |
0.00 |
48 |
23 |
0.00 |
29 |
-0.99 |
Nonoperating Income / (Expense), net |
|
2.41 |
4.93 |
2.31 |
0.59 |
1.83 |
4.56 |
0.55 |
0.56 |
0.39 |
11 |
Income Tax Expense |
|
3.22 |
1.13 |
1.01 |
0.39 |
2.22 |
-1.30 |
-0.94 |
-1.18 |
1.83 |
1.26 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.01 |
0.00 |
0.01 |
-0.00 |
-0.01 |
0.00 |
0.00 |
-0.00 |
0.00 |
-0.00 |
Basic Earnings per Share |
|
$0.38 |
$0.09 |
$0.07 |
$0.01 |
($0.01) |
$0.05 |
($0.03) |
$0.04 |
($0.07) |
$0.16 |
Weighted Average Basic Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Diluted Earnings per Share |
|
$0.38 |
$0.08 |
$0.07 |
$0.01 |
($0.01) |
$0.05 |
($0.03) |
$0.04 |
($0.07) |
$0.16 |
Weighted Average Diluted Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Weighted Average Basic & Diluted Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Annual Cash Flow Statements for Tejon Ranch
This table details how cash moves in and out of Tejon Ranch's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
2.22 |
-7.21 |
7.36 |
Net Cash From Operating Activities |
8.53 |
14 |
14 |
Net Cash From Continuing Operating Activities |
8.53 |
14 |
14 |
Net Income / (Loss) Continuing Operations |
16 |
3.27 |
2.69 |
Consolidated Net Income / (Loss) |
16 |
3.27 |
2.69 |
Depreciation Expense |
4.63 |
4.81 |
4.89 |
Amortization Expense |
0.09 |
-0.69 |
-0.47 |
Non-Cash Adjustments to Reconcile Net Income |
-14 |
11 |
4.00 |
Changes in Operating Assets and Liabilities, net |
1.84 |
-4.61 |
3.21 |
Net Cash From Investing Activities |
-1.89 |
-14 |
-26 |
Net Cash From Continuing Investing Activities |
-1.89 |
-14 |
-26 |
Purchase of Property, Leasehold Improvements and Equipment |
-23 |
-21 |
-57 |
Purchase of Investment Securities |
-66 |
-143 |
-83 |
Sale and/or Maturity of Investments |
86 |
150 |
115 |
Net Cash From Financing Activities |
-4.42 |
-6.87 |
19 |
Net Cash From Continuing Financing Activities |
-4.42 |
-6.87 |
19 |
Issuance of Debt |
49 |
48 |
19 |
Repayment of Debt |
-52 |
-50 |
0.00 |
Other Financing Activities, Net |
-1.79 |
-4.45 |
-0.21 |
Quarterly Cash Flow Statements for Tejon Ranch
This table details how cash moves in and out of Tejon Ranch's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
12 |
8.11 |
1.26 |
-13 |
16 |
-11 |
3.65 |
-2.52 |
-5.66 |
12 |
Net Cash From Operating Activities |
|
-0.79 |
6.66 |
3.41 |
-2.24 |
14 |
-1.10 |
0.78 |
-1.80 |
2.07 |
13 |
Net Cash From Continuing Operating Activities |
|
-0.79 |
6.66 |
3.41 |
-2.24 |
14 |
-1.10 |
0.78 |
-1.80 |
2.07 |
13 |
Net Income / (Loss) Continuing Operations |
|
10 |
1.99 |
1.78 |
0.26 |
-0.35 |
1.57 |
-0.91 |
0.96 |
-1.84 |
4.48 |
Consolidated Net Income / (Loss) |
|
10 |
1.99 |
1.78 |
0.26 |
-0.35 |
1.57 |
-0.91 |
0.96 |
-1.84 |
4.48 |
Depreciation Expense |
|
1.29 |
1.29 |
0.99 |
0.99 |
1.03 |
1.80 |
1.01 |
0.92 |
1.22 |
1.75 |
Amortization Expense |
|
0.03 |
-0.03 |
-0.07 |
-0.16 |
-0.20 |
-0.25 |
-0.20 |
-0.16 |
-0.07 |
-0.05 |
Non-Cash Adjustments to Reconcile Net Income |
|
-15 |
3.16 |
0.69 |
-0.66 |
11 |
0.29 |
-0.59 |
-0.49 |
-1.09 |
6.18 |
Changes in Operating Assets and Liabilities, net |
|
2.86 |
0.26 |
0.03 |
-2.67 |
2.54 |
-4.51 |
1.47 |
-3.03 |
3.86 |
0.91 |
Net Cash From Investing Activities |
|
13 |
3.49 |
0.88 |
-10 |
2.68 |
-7.20 |
3.07 |
-4.72 |
-16 |
-8.37 |
Net Cash From Continuing Investing Activities |
|
13 |
3.49 |
0.88 |
-10 |
2.68 |
-7.20 |
3.07 |
-4.72 |
-16 |
-8.37 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-5.40 |
-4.92 |
-5.04 |
-5.15 |
-3.33 |
-7.82 |
-8.11 |
-14 |
-19 |
-16 |
Purchase of Investment Securities |
|
-12 |
-16 |
-33 |
-31 |
-33 |
-46 |
-44 |
-22 |
-5.69 |
-12 |
Sale and/or Maturity of Investments |
|
30 |
24 |
39 |
26 |
39 |
46 |
55 |
31 |
8.87 |
20 |
Net Cash From Financing Activities |
|
-0.31 |
-2.05 |
-3.03 |
-0.44 |
-0.45 |
-2.95 |
-0.21 |
4.00 |
8.00 |
7.00 |
Net Cash From Continuing Financing Activities |
|
-0.31 |
-2.05 |
-3.03 |
-0.44 |
-0.45 |
-2.95 |
-0.21 |
4.00 |
8.00 |
7.00 |
Issuance of Debt |
|
- |
- |
- |
- |
- |
48 |
- |
- |
8.00 |
7.00 |
Annual Balance Sheets for Tejon Ranch
This table presents Tejon Ranch's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
567 |
578 |
608 |
Cash and Due from Banks |
39 |
32 |
39 |
Trading Account Securities |
33 |
33 |
14 |
Loans and Leases, Net of Allowance |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
374 |
391 |
434 |
Other Assets |
120 |
122 |
120 |
Total Liabilities & Shareholders' Equity |
567 |
578 |
608 |
Total Liabilities |
89 |
94 |
119 |
Short-Term Debt |
6.90 |
54 |
76 |
Accrued Interest Payable |
3.60 |
3.21 |
5.55 |
Other Short-Term Payables |
1.53 |
1.89 |
2.16 |
Other Long-Term Liabilities |
29 |
35 |
35 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
478 |
483 |
489 |
Total Preferred & Common Equity |
462 |
468 |
474 |
Total Common Equity |
462 |
468 |
474 |
Common Stock |
359 |
359 |
362 |
Retained Earnings |
106 |
109 |
112 |
Accumulated Other Comprehensive Income / (Loss) |
-2.03 |
-0.17 |
0.09 |
Noncontrolling Interest |
15 |
15 |
15 |
Quarterly Balance Sheets for Tejon Ranch
This table presents Tejon Ranch's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
562 |
572 |
573 |
580 |
582 |
591 |
598 |
Cash and Due from Banks |
|
30 |
40 |
27 |
43 |
36 |
33 |
27 |
Trading Account Securities |
|
31 |
35 |
40 |
29 |
25 |
17 |
14 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
379 |
378 |
382 |
386 |
397 |
414 |
431 |
Other Assets |
|
121 |
118 |
124 |
122 |
124 |
128 |
126 |
Total Liabilities & Shareholders' Equity |
|
562 |
572 |
573 |
580 |
582 |
591 |
598 |
Total Liabilities |
|
86 |
95 |
94 |
99 |
99 |
106 |
114 |
Short-Term Debt |
|
5.90 |
6.97 |
7.18 |
8.24 |
58 |
65 |
71 |
Accrued Interest Payable |
|
5.26 |
3.82 |
3.30 |
7.59 |
3.19 |
3.87 |
6.57 |
Other Short-Term Payables |
|
2.07 |
2.31 |
1.88 |
2.33 |
2.42 |
1.68 |
1.72 |
Other Long-Term Liabilities |
|
25 |
34 |
34 |
34 |
36 |
36 |
35 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
476 |
477 |
479 |
481 |
483 |
485 |
484 |
Total Preferred & Common Equity |
|
460 |
462 |
464 |
466 |
467 |
469 |
468 |
Total Common Equity |
|
460 |
462 |
464 |
466 |
467 |
469 |
468 |
Common Stock |
|
359 |
357 |
358 |
359 |
360 |
360 |
361 |
Retained Earnings |
|
104 |
107 |
108 |
107 |
108 |
109 |
107 |
Accumulated Other Comprehensive Income / (Loss) |
|
-2.83 |
-2.53 |
-1.77 |
-0.48 |
-0.18 |
-0.18 |
-0.14 |
Noncontrolling Interest |
|
15 |
15 |
15 |
15 |
15 |
15 |
15 |
Annual Metrics And Ratios for Tejon Ranch
This table displays calculated financial ratios and metrics derived from Tejon Ranch's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
0.00% |
-43.52% |
-6.38% |
EBITDA Growth |
292.01% |
-97.74% |
-1,250.00% |
EBIT Growth |
0.00% |
-126.94% |
-148.66% |
NOPAT Growth |
6,271.45% |
-123.10% |
-212.22% |
Net Income Growth |
195.96% |
-79.35% |
-17.67% |
EPS Growth |
195.00% |
-79.66% |
-16.67% |
Operating Cash Flow Growth |
202.95% |
60.06% |
4.83% |
Free Cash Flow Firm Growth |
-16.38% |
27.11% |
-388.72% |
Invested Capital Growth |
3.69% |
0.91% |
5.11% |
Revenue Q/Q Growth |
353.18% |
-43.52% |
-49.21% |
EBITDA Q/Q Growth |
147.91% |
-96.63% |
65.26% |
EBIT Q/Q Growth |
131.80% |
-143.43% |
49.01% |
NOPAT Q/Q Growth |
3.71% |
-304.04% |
61.01% |
Net Income Q/Q Growth |
-7.97% |
-11.33% |
190.32% |
EPS Q/Q Growth |
-6.35% |
-20.00% |
1,100.00% |
Operating Cash Flow Q/Q Growth |
29.26% |
-36.23% |
28,728.00% |
Free Cash Flow Firm Q/Q Growth |
18.92% |
-7.56% |
5.41% |
Invested Capital Q/Q Growth |
0.49% |
0.28% |
1.82% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
23.28% |
0.93% |
-11.42% |
EBIT Margin |
17.33% |
-8.27% |
-21.96% |
Profit (Net Income) Margin |
19.96% |
7.30% |
6.42% |
Tax Burden Percent |
68.14% |
58.43% |
73.36% |
Interest Burden Percent |
169.01% |
-151.07% |
-39.83% |
Effective Tax Rate |
31.86% |
41.57% |
26.64% |
Return on Invested Capital (ROIC) |
1.79% |
-0.40% |
-1.22% |
ROIC Less NNEP Spread (ROIC-NNEP) |
13.29% |
9.51% |
13.25% |
Return on Net Nonoperating Assets (RNNOA) |
1.60% |
1.08% |
1.78% |
Return on Equity (ROE) |
3.39% |
0.68% |
0.55% |
Cash Return on Invested Capital (CROIC) |
-1.84% |
-1.31% |
-6.21% |
Operating Return on Assets (OROA) |
2.47% |
-0.65% |
-1.55% |
Return on Assets (ROA) |
2.84% |
0.57% |
0.45% |
Return on Common Equity (ROCE) |
3.27% |
0.66% |
0.54% |
Return on Equity Simple (ROE_SIMPLE) |
3.42% |
0.70% |
0.57% |
Net Operating Profit after Tax (NOPAT) |
9.35 |
-2.16 |
-6.75 |
NOPAT Margin |
11.81% |
-4.83% |
-16.11% |
Net Nonoperating Expense Percent (NNEP) |
-11.50% |
-9.92% |
-14.47% |
SG&A Expenses to Revenue |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
82.67% |
108.27% |
121.96% |
Earnings before Interest and Taxes (EBIT) |
14 |
-3.70 |
-9.20 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
18 |
0.42 |
-4.78 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.08 |
0.98 |
0.90 |
Price to Tangible Book Value (P/TBV) |
1.08 |
0.98 |
0.90 |
Price to Revenue (P/Rev) |
6.30 |
10.28 |
10.18 |
Price to Earnings (P/E) |
31.58 |
140.84 |
158.54 |
Dividend Yield |
0.00% |
0.00% |
0.00% |
Earnings Yield |
3.17% |
0.71% |
0.63% |
Enterprise Value to Invested Capital (EV/IC) |
1.00 |
0.93 |
0.85 |
Enterprise Value to Revenue (EV/Rev) |
6.70 |
11.12 |
11.43 |
Enterprise Value to EBITDA (EV/EBITDA) |
28.77 |
1,196.36 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
38.64 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
56.72 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
62.19 |
36.45 |
33.44 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.12 |
0.11 |
0.16 |
Long-Term Debt to Equity |
0.10 |
0.00 |
0.00 |
Financial Leverage |
0.12 |
0.11 |
0.13 |
Leverage Ratio |
1.19 |
1.19 |
1.22 |
Compound Leverage Factor |
2.01 |
-1.80 |
-0.49 |
Debt to Total Capital |
10.34% |
10.12% |
13.46% |
Short-Term Debt to Total Capital |
1.29% |
10.12% |
13.46% |
Long-Term Debt to Total Capital |
9.04% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
2.88% |
2.86% |
2.72% |
Common Equity to Total Capital |
86.78% |
87.02% |
83.82% |
Debt to EBITDA |
2.99 |
130.77 |
-15.89 |
Net Debt to EBITDA |
0.86 |
54.07 |
-7.68 |
Long-Term Debt to EBITDA |
2.61 |
0.00 |
0.00 |
Debt to NOPAT |
5.89 |
-25.17 |
-11.27 |
Net Debt to NOPAT |
1.70 |
-10.41 |
-5.45 |
Long-Term Debt to NOPAT |
5.15 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
3.29% |
3.20% |
3.16% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-9.61 |
-7.01 |
-34 |
Operating Cash Flow to CapEx |
37.74% |
64.02% |
25.01% |
Free Cash Flow to Firm to Interest Expense |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.14 |
0.08 |
0.07 |
Fixed Asset Turnover |
0.21 |
0.12 |
0.10 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
533 |
537 |
565 |
Invested Capital Turnover |
0.15 |
0.08 |
0.08 |
Increase / (Decrease) in Invested Capital |
19 |
4.84 |
27 |
Enterprise Value (EV) |
531 |
498 |
479 |
Market Capitalization |
499 |
460 |
426 |
Book Value per Share |
$17.44 |
$17.50 |
$17.66 |
Tangible Book Value per Share |
$17.44 |
$17.50 |
$17.66 |
Total Capital |
533 |
537 |
565 |
Total Debt |
55 |
54 |
76 |
Total Long-Term Debt |
48 |
0.00 |
0.00 |
Net Debt |
16 |
22 |
37 |
Capital Expenditures (CapEx) |
23 |
21 |
57 |
Net Nonoperating Expense (NNE) |
-6.46 |
-5.43 |
-9.44 |
Net Nonoperating Obligations (NNO) |
55 |
54 |
76 |
Total Depreciation and Amortization (D&A) |
4.72 |
4.12 |
4.41 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$0.60 |
$0.12 |
$0.10 |
Adjusted Weighted Average Basic Shares Outstanding |
26.63M |
26.79M |
26.86M |
Adjusted Diluted Earnings per Share |
$0.59 |
$0.12 |
$0.10 |
Adjusted Weighted Average Diluted Shares Outstanding |
26.63M |
26.79M |
26.86M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
26.63M |
26.79M |
26.86M |
Normalized Net Operating Profit after Tax (NOPAT) |
9.35 |
-2.16 |
-6.75 |
Normalized NOPAT Margin |
11.81% |
-4.83% |
-16.11% |
Pre Tax Income Margin |
29.29% |
12.49% |
8.75% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
0.00 |
0.00 |
0.00 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
0.00% |
0.00% |
0.00% |
Quarterly Metrics And Ratios for Tejon Ranch
This table displays calculated financial ratios and metrics derived from Tejon Ranch's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-100.00% |
353.18% |
0.00% |
0.00% |
0.00% |
-43.52% |
0.00% |
0.00% |
0.00% |
-90.73% |
EBITDA Growth |
|
-91.29% |
120.72% |
-85.30% |
-26.71% |
-37.95% |
-121.95% |
-808.21% |
-7.78% |
-817.60% |
419.02% |
EBIT Growth |
|
-100.00% |
117.60% |
-100.00% |
0.00% |
0.00% |
-143.43% |
0.00% |
0.00% |
0.00% |
238.98% |
NOPAT Growth |
|
1,084.73% |
-8.87% |
-89.86% |
105.98% |
-100.08% |
-2,037.74% |
-2,518.90% |
-2,089.59% |
-91,072.83% |
142.90% |
Net Income Growth |
|
4,401.33% |
-40.83% |
-58.74% |
139.88% |
-103.41% |
-21.01% |
-202.70% |
262.12% |
-958.21% |
361.22% |
EPS Growth |
|
3,700.00% |
-33.33% |
-56.25% |
133.33% |
-102.63% |
-37.50% |
-142.86% |
300.00% |
-600.00% |
220.00% |
Operating Cash Flow Growth |
|
3.78% |
40.81% |
-57.25% |
57.87% |
1,819.11% |
-116.43% |
-77.23% |
19.65% |
-84.75% |
1,311.78% |
Free Cash Flow Firm Growth |
|
-252.24% |
-119.47% |
-70.10% |
-22.68% |
52.23% |
-46.98% |
-27.00% |
-19.29% |
-320.30% |
42.93% |
Invested Capital Growth |
|
4.10% |
3.69% |
2.52% |
2.71% |
1.13% |
0.91% |
1.63% |
3.04% |
3.52% |
5.11% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
-100.00% |
0.00% |
0.00% |
0.00% |
-65.36% |
-100.00% |
0.00% |
-81.34% |
EBITDA Q/Q Growth |
|
18.25% |
635.99% |
-90.65% |
-9.96% |
0.12% |
-360.32% |
-201.77% |
111.73% |
-879.05% |
215.73% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
-100.00% |
0.00% |
0.00% |
0.00% |
-96.89% |
100.00% |
0.00% |
172.86% |
NOPAT Q/Q Growth |
|
1,920.20% |
-113.86% |
126.77% |
-91.15% |
-125.08% |
-359,717.09% |
69.71% |
92.72% |
-1,049.17% |
269.29% |
Net Income Q/Q Growth |
|
1,636.71% |
-80.49% |
-10.33% |
-85.17% |
-231.44% |
551.87% |
-216.58% |
152.30% |
-484.10% |
296.95% |
EPS Q/Q Growth |
|
1,366.67% |
-78.95% |
-12.50% |
-85.71% |
-200.00% |
600.00% |
-160.00% |
233.33% |
-275.00% |
328.57% |
Operating Cash Flow Q/Q Growth |
|
85.17% |
943.42% |
-48.78% |
-165.75% |
705.21% |
-108.06% |
170.96% |
-332.05% |
214.86% |
540.71% |
Free Cash Flow Firm Q/Q Growth |
|
-9.21% |
-60.62% |
36.70% |
-10.48% |
57.47% |
-394.16% |
45.30% |
-3.77% |
-49.86% |
32.90% |
Invested Capital Q/Q Growth |
|
2.05% |
0.49% |
-0.17% |
0.34% |
0.47% |
0.28% |
0.54% |
1.73% |
0.94% |
1.82% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
0.00% |
12.34% |
0.00% |
0.00% |
0.00% |
-4.79% |
-41.77% |
0.00% |
-26.59% |
164.93% |
EBIT Margin |
|
0.00% |
10.75% |
0.00% |
0.00% |
0.00% |
-8.27% |
-47.00% |
0.00% |
-31.73% |
123.91% |
Profit (Net Income) Margin |
|
0.00% |
2.51% |
0.00% |
0.00% |
0.00% |
3.50% |
-11.80% |
0.00% |
-16.51% |
174.31% |
Tax Burden Percent |
|
75.95% |
63.70% |
63.73% |
40.31% |
-18.58% |
576.47% |
18.00% |
-434.55% |
42.89% |
31.99% |
Interest Burden Percent |
|
0.00% |
36.59% |
0.00% |
0.00% |
0.00% |
-7.35% |
139.48% |
0.00% |
121.34% |
439.68% |
Effective Tax Rate |
|
24.05% |
36.30% |
36.27% |
59.69% |
118.58% |
-476.47% |
0.00% |
0.00% |
0.00% |
5.58% |
Return on Invested Capital (ROIC) |
|
0.00% |
-0.22% |
0.00% |
0.00% |
0.00% |
-4.62% |
-5.43% |
0.00% |
-4.26% |
19.43% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
5.38% |
0.00% |
0.00% |
0.00% |
43.43% |
4.65% |
0.00% |
-0.15% |
14.25% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.65% |
0.00% |
0.00% |
0.00% |
4.95% |
0.54% |
0.00% |
-0.02% |
1.91% |
Return on Equity (ROE) |
|
3.71% |
0.43% |
0.00% |
0.00% |
0.00% |
0.33% |
-4.89% |
0.00% |
-4.28% |
21.34% |
Cash Return on Invested Capital (CROIC) |
|
-2.28% |
-1.84% |
-1.26% |
-1.36% |
-1.22% |
-1.31% |
-3.56% |
-5.03% |
-6.64% |
-6.21% |
Operating Return on Assets (OROA) |
|
0.00% |
1.53% |
0.00% |
0.00% |
0.00% |
-0.65% |
-4.91% |
0.00% |
-4.44% |
8.76% |
Return on Assets (ROA) |
|
0.00% |
0.36% |
0.00% |
0.00% |
0.00% |
0.27% |
-1.23% |
0.00% |
-2.31% |
12.32% |
Return on Common Equity (ROCE) |
|
3.58% |
0.41% |
0.00% |
0.00% |
0.00% |
0.32% |
-4.73% |
0.00% |
-4.14% |
20.67% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.73% |
0.00% |
2.88% |
3.06% |
0.79% |
0.00% |
-0.07% |
0.07% |
-0.64% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
8.35 |
-1.16 |
0.31 |
0.03 |
-0.01 |
-25 |
-7.49 |
-0.55 |
-6.27 |
11 |
NOPAT Margin |
|
0.00% |
-1.46% |
0.00% |
0.00% |
0.00% |
-55.28% |
-48.35% |
0.00% |
-28.18% |
255.69% |
Net Nonoperating Expense Percent (NNEP) |
|
-3.26% |
-5.60% |
-2.66% |
-0.43% |
0.62% |
-48.05% |
-10.08% |
-2.51% |
-4.11% |
5.18% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
0.00% |
89.25% |
0.00% |
0.00% |
0.00% |
108.27% |
147.00% |
0.00% |
131.73% |
-23.91% |
Earnings before Interest and Taxes (EBIT) |
|
0.00 |
8.52 |
0.00 |
0.00 |
0.00 |
-3.70 |
-7.28 |
0.00 |
-7.06 |
5.14 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
1.33 |
9.77 |
0.91 |
0.82 |
0.82 |
-2.15 |
-6.47 |
0.76 |
-5.91 |
6.84 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.83 |
1.08 |
1.05 |
0.99 |
0.93 |
0.98 |
0.88 |
0.97 |
1.00 |
0.90 |
Price to Tangible Book Value (P/TBV) |
|
0.83 |
1.08 |
1.05 |
0.99 |
0.93 |
0.98 |
0.88 |
0.97 |
1.00 |
0.90 |
Price to Revenue (P/Rev) |
|
0.00 |
6.30 |
6.14 |
5.80 |
5.47 |
10.28 |
6.85 |
7.59 |
5.71 |
10.18 |
Price to Earnings (P/E) |
|
22.20 |
31.58 |
36.65 |
32.35 |
117.67 |
140.84 |
0.00 |
0.00 |
0.00 |
158.54 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
4.51% |
3.17% |
2.73% |
3.09% |
0.85% |
0.71% |
0.00% |
0.00% |
0.00% |
0.63% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.79 |
1.00 |
0.97 |
0.94 |
0.86 |
0.93 |
0.83 |
0.92 |
0.95 |
0.85 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
6.70 |
6.52 |
6.34 |
5.82 |
11.12 |
7.48 |
8.38 |
6.42 |
11.43 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
28.77 |
39.28 |
39.11 |
37.35 |
1,196.36 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
38.64 |
60.60 |
58.96 |
54.10 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
46.68 |
56.72 |
80.48 |
72.56 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
63.80 |
62.19 |
130.34 |
71.31 |
21.52 |
36.45 |
40.87 |
44.04 |
0.00 |
33.44 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.11 |
0.12 |
0.11 |
0.11 |
0.11 |
0.11 |
0.12 |
0.13 |
0.15 |
0.16 |
Long-Term Debt to Equity |
|
0.10 |
0.10 |
0.10 |
0.10 |
0.10 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Leverage |
|
0.12 |
0.12 |
0.12 |
0.12 |
0.11 |
0.11 |
0.12 |
0.12 |
0.13 |
0.13 |
Leverage Ratio |
|
1.19 |
1.19 |
1.20 |
1.19 |
1.19 |
1.19 |
1.20 |
1.21 |
1.22 |
1.22 |
Compound Leverage Factor |
|
0.00 |
0.44 |
0.00 |
0.00 |
0.00 |
-0.09 |
1.68 |
0.00 |
1.48 |
5.36 |
Debt to Total Capital |
|
10.28% |
10.34% |
10.28% |
10.20% |
10.27% |
10.12% |
10.68% |
11.86% |
12.84% |
13.46% |
Short-Term Debt to Total Capital |
|
1.11% |
1.29% |
1.31% |
1.35% |
1.54% |
10.12% |
10.68% |
11.86% |
12.84% |
13.46% |
Long-Term Debt to Total Capital |
|
9.17% |
9.04% |
8.97% |
8.86% |
8.73% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
2.90% |
2.88% |
2.89% |
2.88% |
2.87% |
2.86% |
2.84% |
2.79% |
2.77% |
2.72% |
Common Equity to Total Capital |
|
86.82% |
86.78% |
86.83% |
86.92% |
86.87% |
87.02% |
86.48% |
85.35% |
84.40% |
83.82% |
Debt to EBITDA |
|
-1.42 |
2.99 |
4.16 |
4.24 |
4.46 |
130.77 |
-8.28 |
-9.26 |
-5.17 |
-15.89 |
Net Debt to EBITDA |
|
-0.63 |
0.86 |
1.09 |
2.11 |
0.96 |
54.07 |
-3.18 |
-4.57 |
-3.18 |
-7.68 |
Long-Term Debt to EBITDA |
|
-1.26 |
2.61 |
3.63 |
3.68 |
3.79 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
|
6.04 |
5.89 |
8.53 |
7.87 |
-102.88 |
-25.17 |
-5.54 |
-5.92 |
-4.12 |
-11.27 |
Net Debt to NOPAT |
|
2.68 |
1.70 |
2.23 |
3.92 |
-22.21 |
-10.41 |
-2.12 |
-2.92 |
-2.53 |
-5.45 |
Long-Term Debt to NOPAT |
|
5.39 |
5.15 |
7.44 |
6.83 |
-87.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
3.32% |
3.29% |
0.00% |
0.00% |
0.00% |
3.20% |
3.20% |
0.00% |
3.18% |
3.16% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-13 |
-20 |
-13 |
-14 |
-5.98 |
-30 |
-16 |
-17 |
-25 |
-17 |
Operating Cash Flow to CapEx |
|
-14.63% |
135.56% |
67.76% |
-43.56% |
408.45% |
-14.01% |
9.58% |
-12.91% |
10.95% |
81.71% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.14 |
0.14 |
0.14 |
0.14 |
0.08 |
0.10 |
0.10 |
0.14 |
0.07 |
Fixed Asset Turnover |
|
0.00 |
0.21 |
0.21 |
0.21 |
0.21 |
0.12 |
0.16 |
0.15 |
0.20 |
0.10 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
530 |
533 |
532 |
534 |
536 |
537 |
540 |
550 |
555 |
565 |
Invested Capital Turnover |
|
0.00 |
0.15 |
0.15 |
0.15 |
0.15 |
0.08 |
0.11 |
0.11 |
0.15 |
0.08 |
Increase / (Decrease) in Invested Capital |
|
21 |
19 |
13 |
14 |
5.98 |
4.84 |
8.68 |
16 |
19 |
27 |
Enterprise Value (EV) |
|
421 |
531 |
516 |
502 |
461 |
498 |
450 |
505 |
530 |
479 |
Market Capitalization |
|
381 |
499 |
486 |
460 |
434 |
460 |
413 |
457 |
471 |
426 |
Book Value per Share |
|
$17.37 |
$17.44 |
$17.34 |
$17.36 |
$17.42 |
$17.50 |
$17.45 |
$17.51 |
$17.47 |
$17.66 |
Tangible Book Value per Share |
|
$17.37 |
$17.44 |
$17.34 |
$17.36 |
$17.42 |
$17.50 |
$17.45 |
$17.51 |
$17.47 |
$17.66 |
Total Capital |
|
530 |
533 |
532 |
534 |
536 |
537 |
540 |
550 |
555 |
565 |
Total Debt |
|
55 |
55 |
55 |
54 |
55 |
54 |
58 |
65 |
71 |
76 |
Total Long-Term Debt |
|
49 |
48 |
48 |
47 |
47 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt |
|
24 |
16 |
14 |
27 |
12 |
22 |
22 |
32 |
44 |
37 |
Capital Expenditures (CapEx) |
|
5.40 |
4.92 |
5.04 |
5.15 |
3.33 |
7.82 |
8.11 |
14 |
19 |
16 |
Net Nonoperating Expense (NNE) |
|
-1.83 |
-3.14 |
-1.47 |
-0.24 |
0.34 |
-26 |
-5.66 |
-1.50 |
-2.59 |
3.38 |
Net Nonoperating Obligations (NNO) |
|
55 |
55 |
55 |
54 |
55 |
54 |
58 |
65 |
71 |
76 |
Total Depreciation and Amortization (D&A) |
|
1.33 |
1.26 |
0.91 |
0.82 |
0.82 |
1.55 |
0.81 |
0.76 |
1.14 |
1.70 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.38 |
$0.09 |
$0.07 |
$0.01 |
($0.01) |
$0.05 |
($0.03) |
$0.04 |
($0.07) |
$0.16 |
Adjusted Weighted Average Basic Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Adjusted Diluted Earnings per Share |
|
$0.38 |
$0.08 |
$0.07 |
$0.01 |
($0.01) |
$0.05 |
($0.03) |
$0.04 |
($0.07) |
$0.16 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
26.50M |
26.63M |
26.71M |
26.73M |
26.73M |
26.79M |
26.80M |
26.81M |
26.82M |
26.86M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
8.35 |
-1.16 |
0.31 |
0.05 |
0.03 |
-3.00 |
-7.49 |
-0.55 |
-6.27 |
11 |
Normalized NOPAT Margin |
|
0.00% |
-1.46% |
0.00% |
0.00% |
0.00% |
-6.71% |
-48.35% |
0.00% |
-28.18% |
255.69% |
Pre Tax Income Margin |
|
0.00% |
3.93% |
0.00% |
0.00% |
0.00% |
0.61% |
-65.55% |
0.00% |
-38.50% |
544.81% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Key Financial Trends
Tejon Ranch (NYSE:TRC) has experienced notable fluctuations in its financial performance over the past four years, showing periods of both profitability and losses, alongside significant investment activities.
Recent Quarterly Highlights (Q4 2024 vs. Q3 2024):
- Q4 2024 reported a consolidated net income of $7.23 million, a strong rebound from a loss of $3.67 million in Q3 2024, signaling improved profitability.
- Net income attributable to common shareholders increased significantly to $6.34 million in Q4 2024 from a loss of $1.84 million in Q3 2024.
- Operating cash flow surged to $13.27 million in Q4 2024, up from $2.07 million in Q3 2024, showing enhanced cash generation from operations.
- Q4 2024 investing activities consumed $8.37 million in cash, reflecting continued capital expenditures and investment purchases.
- Financing activities in Q4 2024 contributed $7 million in cash, primarily from debt issuance, supporting liquidity.
- Diluted earnings per share improved to $0.16 in Q4 2024 from a loss per share of $0.07 in Q3 2024.
Income and Profitability Trends:
- TEJON RANCH has shown an ability to bounce back from quarterly losses, with net income recovering notably in late 2024.
- The company faces volatility in total revenue and expenses; for instance, Q3 2024 revenues were $22.24 million, offset by high non-interest expenses of $29.3 million, leading to losses.
- Non-interest income remains a significant majority of revenue, fluctuating quarter-to-quarter, indicating dependence on sources other than interest income.
Balance Sheet and Cash Position:
- Total assets have grown steadily from approximately $572 million in Q2 2023 to $598 million by Q3 2024, underpinned by premises and equipment valued over $430 million.
- Cash and equivalents have remained substantial, around $27 million in Q3 2024, supporting operational needs.
- Total liabilities increased from $93.9 million in Q2 2023 to $114.4 million in Q3 2024, with notable short-term debt growth which may increase financial risk.
Investment and Capital Expenditures:
- Consistent heavy capital expenditures on property, leasehold improvements, and equipment are evident, with quarterly purchases ranging from about $7.8 million up to $18.9 million.
- Sales and maturities of investment securities continue to generate tens of millions in cash, partially offsetting investment outflows.
Summary:
TEJON RANCH shows a cyclical financial pattern, with volatile quarterly earnings but a recent trend towards returning to profitability in Q4 2024. The company is heavily investing in its assets, which may drive future growth but also pressures cash flow and increases liabilities. The increase in operating cash flow and financing inflows in late 2024 bolster liquidity, an encouraging sign for sustaining operations through fluctuating revenue and profits. Investors should monitor the company's ability to sustain positive earnings and manage its debt levels going forward.
08/03/25 10:34 AMAI Generated. May Contain Errors.