0.81%
1.89%
1.82%
-14.74%
2.66%
-6.95%
0.62%
AI Spotlight on TRC
Company Description
Tejon Ranch Co., together with its subsidiaries, 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 projects, 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, 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 land entitlement, planning, pre-construction engineering, 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 infrastructure projects.The Farming segment farms permanent crops, such as wine grapes in 1,036 acres, almonds in 2,262 acres, and pistachios in 1,053 acres.It also manages the farming of alfalfa and forage mix on 626 acres in the Antelope Valley; and leases 720 acres of land for growing vegetables, as well as almonds.
The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts.Tejon Ranch Co. was founded in 1843 and is based in Lebec, California.
Market Data
| Last Price | 16.2 |
| Change Percentage | 0.81% |
| Open | 16.21 |
| Previous Close | 16.07 |
| Market Cap ( Millions) | 435 |
| Volume | 77136 |
| Year High | 19.82 |
| Year Low | 14.71 |
| M A 50 | 15.78 |
| M A 200 | 16.82 |
Financial Ratios
| FCF Yield | -1.80% |
| Dividend Yield | 0.00% |
| ROE | -0.76% |
| Debt / Equity | 12.80% |
| Net Debt / EBIDTA | -322.73% |
| Price To Book | 0.93 |
| Price Earnings Ratio | -122.12 |
| Price To FCF | -55.5 |
| Price To sales | 10.83 |
| EV / EBITDA | -46.28 |
News
- Jan -22 - Canadian Natural Resources Limited Cautions Investors Regarding TRC Capital's Below Market "Mini-Tender" Offer
- Nov -22 - Merck Recommends Rejection of TRC Capital's “Mini-Tender” Offer
- Nov -07 - Land Rich, Profit Poor: Unpacking Tejon Ranch's Ambitions
- Nov -07 - Tejon Ranch Co. Announces Third Quarter 2024 Financial Results
- Nov -05 - Tejon Ranch Co. Announces Addition of Four Board Members
- Oct -10 - Tejon Ranch Company and Dedeaux Properties Announce Joint Venture to Develop Industrial Warehouse at the Tejon Ranch Commerce Center
- Sep -24 - Tejon Ranch Co. Names New Senior Vice President- Corporate Communications and Public Affairs
- Aug -09 - Magna Recommends Rejection of "Mini-Tender" Offer
- Aug -06 - Tejon Ranch Co. Announces Second Quarter 2024 Financial Results
- Jul -22 - Hydro One Limited recommends shareholders reject TRC Capital's below-market "mini tender" offer for common shares
- Jun -11 - TRACON Announces Publication in Clinical Cancer Research of Phase 2 Clinical Data for TRC102, a DNA Damage Repair Inhibitor, in Recurrent Glioblastoma Patients
- Jun -07 - Solventum Cautions Investors Regarding TRC Capital's "Mini-Tender Offer"
- Jun -06 - TRC Amends Its Tender Offer for Solventum Corporation
- May -23 - GLENBROOK CAPITAL MANAGEMENT RELEASES OPEN LETTER TO TEJON RANCH BOARD CALLING FOR TRANSPARENCY
- May -20 - Amalgamated Bank Raises Stock Holdings in Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL)
- May -20 - Swiss National Bank Sells 9,000 Shares of Envestnet, Inc. (NYSE:ENV)
- May -20 - Research Analysts Offer Predictions for Dianthus Therapeutics, Inc.’s Q2 2024 Earnings (NASDAQ:DNTH)
- May -20 - Q2 2024 Earnings Forecast for Despegar.com, Corp. Issued By B. Riley (NYSE:DESP)
- May -07 - Tejon Ranch Co. Announces First Quarter 2024 Financial Results
- Mar -20 - Tejon Ranch President and CEO Announces Retirement Date
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Mineral Resources
Expected Growth : 3 %
What the company do ?
Tejon Ranch Co.'s Mineral Resources segment explores and develops oil, gas, and mineral properties, generating revenue through royalties and lease agreements.
Why we expect these perspectives ?
Tejon Ranch Co.'s Mineral Resources segment growth is driven by increasing demand for construction materials, strategic land holdings, and favorable regulatory environment. The company's proximity to high-growth markets, such as Los Angeles, and its ability to supply high-quality aggregates also contribute to its growth. Additionally, the company's focus on sustainable mining practices and environmental stewardship enhances its reputation and drives long-term growth.
Segment n°2 -> Farming
Expected Growth : 2 %
What the company do ?
Tejon Ranch Co. is a leading farming company in California, cultivating a diverse range of crops, including almonds, grapes, and livestock, on over 420 square miles of land.
Why we expect these perspectives ?
Tejon Ranch Co.'s farming segment growth is driven by increasing demand for almonds and grapes, expansion of farming operations, and strategic partnerships. Additionally, favorable weather conditions, improved crop yields, and growing exports to Asia contribute to the 2% growth rate.
Segment n°3 -> Real Estate - Commercial/Industrial
Expected Growth : 5 %
What the company do ?
Tejon Ranch Co.'s Real Estate - Commercial/Industrial segment develops and leases commercial and industrial properties, including land sales and development projects.
Why we expect these perspectives ?
Tejon Ranch Co.'s commercial/industrial real estate segment growth is driven by increasing demand for logistics and e-commerce facilities, proximity to major transportation hubs, and strategic partnerships with leading companies. Additionally, the company's master-planned communities and mixed-use developments attract businesses and talent, fueling growth. Strong economic fundamentals, infrastructure investments, and a favorable business environment also contribute to the segment's 5% growth.
Segment n°4 -> Ranch
Expected Growth : 1 %
What the company do ?
Tejon Ranch, owned by Tejon Ranch Co., is a 270,000-acre ranch in California, offering a mix of agriculture, conservation, and commercial development.
Why we expect these perspectives ?
Tejon Ranch Co.'s ranch segment growth is driven by increasing demand for sustainable beef, strategic land management, and diversification into high-value crops. Additionally, the company's unique location and climate enable year-round grazing, reducing costs and increasing profitability. These factors contribute to the segment's growth, positioning Tejon Ranch Co. for long-term success.
Tejon Ranch Co. Products
| Product Range | What is it ? |
|---|---|
| Industrial Land Sales | Tejon Ranch Co. sells industrial land to companies and developers for the construction of warehouses, distribution centers, and other industrial facilities. |
| Commercial Land Sales | Tejon Ranch Co. sells commercial land to developers and businesses for the construction of retail centers, office buildings, and other commercial properties. |
| Residential Land Sales | Tejon Ranch Co. sells residential land to homebuilders and developers for the construction of single-family homes, apartments, and other residential properties. |
| Mineral Resources | Tejon Ranch Co. extracts and sells mineral resources, including oil, natural gas, and other minerals, from its land holdings. |
| Outdoor Recreation | Tejon Ranch Co. offers outdoor recreational activities, including hunting, fishing, and camping, on its land holdings. |
| Conservation | Tejon Ranch Co. partners with conservation organizations to protect and preserve natural habitats and ecosystems on its land holdings. |
Tejon Ranch Co.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Tejon Ranch Co. is medium due to the availability of alternative land uses and development opportunities in the region.
Bargaining Power Of Customers
The bargaining power of customers is low for Tejon Ranch Co. as the company has a strong brand reputation and a diverse range of products and services.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium for Tejon Ranch Co. as the company relies on a few key suppliers for its operations, but has some flexibility to negotiate prices.
Threat Of New Entrants
The threat of new entrants is high for Tejon Ranch Co. due to the attractiveness of the real estate industry and the relatively low barriers to entry.
Intensity Of Rivalry
The intensity of rivalry is high for Tejon Ranch Co. due to the competitive nature of the real estate industry and the presence of several established players.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 9.30% |
| Debt Cost | 3.95% |
| Equity Weight | 90.70% |
| Equity Cost | 6.95% |
| WACC | 6.67% |
| Leverage | 10.25% |
Tejon Ranch Co. : Quality Control
Tejon Ranch Co. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
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| RCMT | RCM Technologies, Inc. provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences and … |
| FIP | FTAI Infrastructure Inc. focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation and energy industries. It operates a multi-modal crude oil and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Tejon Ranch
A-Score
1-Year Total Return ->
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RCM Technologies
A-Score
1-Year Total Return ->
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FTAI Infrastructure
A-Score
1-Year Total Return ->
4
Mammoth Energy Services
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1-Year Total Return ->
5
India Globalization Capital
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6
