TEJON RANCH Reports Earnings for FY2023 Q2 Ending June 30, 2023
August 21, 2023
🌥️Earnings Overview
On August 3, 2023, TEJON RANCH ($NYSE:TRC) reported their earnings results for Q2 of FY2023, which ended on June 30 of that same year. The company made a total revenue of USD 6.1 million for the quarter, representing a 34.2% decrease from the same period in the previous year. But, they made a net income of USD 0.27 million, which was a 140.3% increase from the same period in 2022.
Market Price
On Thursday, TEJON RANCH reported its earnings for the second quarter of fiscal year 2023, which ended on June 30, 2023. The stock opened at $17.8 and closed at $17.6, a decrease of 0.7% from its prior closing price of $17.8. This is an indication that the market is not entirely pleased with the company’s performance for the quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tejon Ranch. More…
| Total Revenues | Net Income | Net Margin |
| 67.29 | 14.21 | 19.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tejon Ranch. More…
| Operations | Investing | Financing |
| 7.04 | 7.06 | -5.82 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tejon Ranch. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 572.94 | 93.87 | 17.36 |
Key Ratios Snapshot
Some of the financial key ratios for Tejon Ranch are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.4% | -53.3% | 14.0% |
| FCF Margin | ROE | ROA |
| -26.9% | 1.3% | 1.0% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of TEJON RANCH, evaluating various fundamental factors to give our users an informed decision. Our Risk Rating has graded TEJON RANCH as a medium risk investment, taking into account both the financial and business aspects. We have detected two risk warnings in the income sheet and balance sheet of TEJON RANCH. To view these risk alerts along with our Risk Rating, become a registered user with GoodWhale today. With our comprehensive asset analysis, you can make informed decisions about your investments easily. More…
Peers
In recent years, Tejon Ranch Co has faced stiff competition from GCC Global Capital Corp, Yoma Strategic Holdings Ltd, and Carnegie Development Inc. While Tejon Ranch Co has been able to maintain its position as a leading provider of agricultural products and services, its competitors have made inroads in terms of market share.
– GCC Global Capital Corp ($TSXV:GCCC)
Yoma Strategic Holdings Ltd is a Singapore-based investment holding company. The Company’s segments include Property development, which is engaged in the development of real estate projects in Myanmar; Automotive, which is engaged in the assembly, distribution and sale of vehicles and related parts and accessories in Myanmar; Heavy equipment, which is engaged in the sale of construction equipment, materials and related parts and accessories in Myanmar and Food and beverage, which is engaged in the distribution of food and beverage products in Myanmar.
– Yoma Strategic Holdings Ltd ($SGX:Z59)
Carnegie Development Inc is a publicly traded company with a market cap of 3.16M as of 2022. The company has a Return on Equity of 1.38%. Carnegie Development Inc is engaged in the business of developing, acquiring, and managing real estate projects.
Summary
TEJON RANCH reported revenue of USD 6.1 million in their second quarter of FY2023, a decrease of 34.2% year-over-year. Despite this, the company reported a net income of USD 0.27 million, indicating that the company is financially sound and is making progress in improving its operations. Investors should take note of the company’s improved financial performance and keep an eye on future development. The company’s progress towards net profitability and improving gross margins provides a strong case for investing in TEJON RANCH.
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