Tejon Ranch Co. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: T61B0BEF64DBEN
BAC Reports

Abstracts

Tejon Ranch Co. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Tejon Ranch Co. and its competitors. This provides our Clients with a clear understanding of Tejon Ranch Co. position in the Real Estate Industry.

• The report contains detailed information about Tejon Ranch Co. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Tejon Ranch Co.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Tejon Ranch Co. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Tejon Ranch Co. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Tejon Ranch Co. business.

About Tejon Ranch Co.

Tejon Ranch Co. operates as a real estate development and agribusiness company in United States.

REAL ESTATE OPERATIONS

The company’s real estate operations consist of four principal activities: land planning and entitlement; real estate development; commercial sales and leasing; and income portfolio management. Its real estate activities within its commercial/industrial segment include entitling, planning, and permitting of land for development; construction of infrastructure; the construction of pre-leased buildings; the construction of buildings to be leased or sold; and the sale of land to third parties for their own development. Its real estate operations within its resort/residential segment include land entitlement, land planning and pre-construction engineering, and land stewardship activities. The company’s primary asset is approximately 270,000 acres of contiguous undeveloped land that is 60 miles north of Los Angeles and is 15 miles east of Bakersfield.

Commercial/Industrial

Construction: During 2009, the company installed road and water systems infrastructure at TIC-East to prepare parcels for sale or lease and completed the expansion of the Laval Road interchange bridge. Its Petro Travel Plaza Holdings joint venture (TA/Petro) completed construction of a new travel plaza within TIC-East which opened in December 2009.

Leasing: Within its commercial/industrial segment, the company leases land to various types of tenants. It leases land to a full-service truck stop facility, a truck wash, and four auto service stations with convenience stores, four fast-food operations, two full-service restaurants, one motel, an antique shop, and a United States Postal Service facility. In addition, the company leases various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes; 32 acres of land to Calpine Generating Company (Calpine) for an electric power plant; and 1 office building in Rancho Santa Fe, California (which the company also owns). The company leases certain portions of its land to oil companies for the exploration and production of oil and gas. It has approximately 2,000 acres under lease to National Cement Company of California, Inc. (National) for the purpose of manufacturing Portland cement from limestone deposits found on the leased acreage. National owns and operates a cement manufacturing plant on its property with a capacity of approximately 1,000,000 tons of cement per year.

Joint Ventures: The company is also involved in multiple joint ventures with various partners. Its TA/Petro joint venture owns and operates a 51-acre travel and truck stop facility, and also operates 3 separate gas stations with convenience stores within TIC-West. The company is involved in two joint ventures with Rockefeller Development Group, the Five West Parcel LLC which owns a 606,000 square foot building in TIC-West, which is partially leased, and the 18-19 West LLC which owns 61.5 acres of land for future development within TIC-West.

Resort/Residential

The company’s resort/residential segment activities include land planning and entitlement and land stewardship activities. It has two major resort/residential communities within this segment, one of which – Tejon Mountain Village (TMV) - received county entitlement approvals in 2009 and one of which – the Centennial community - is progressing through the entitlement process in Los Angeles County.

Centennial Community: The Centennial development is a master-planned community development encompassing approximately 11,000 acres of its land within Los Angeles County. Upon completion of Centennial, it is estimated that the community would include approximately 23,000 homes. The community would also incorporate business districts, schools, retail and entertainment centers, medical facilities and other commercial office and light industrial businesses. Centennial is being developed by Centennial Founders, LLC, a consolidated joint venture in which the company had a 57.1% ownership interest as of December 31, 2009. The company’s partners in this joint venture are Pardee Homes, Lewis Investment Company, and Standard Pacific Corp.

Tejon Mountain Village community: In addition to the Centennial community project, the company engages in the development of TMV. TMV is envisioned as a resort-based community that would provide owners and guests with various recreational opportunities, lodging and spa facilities, golf facilities, a range of housing options, and other services and amenities that are designed to distinguish TMV as the resort of choice for the Southern California market. TMV is being developed by TMV LLC, an unconsolidated joint venture in which the company has a 50% ownership interest. The company’s partner in this joint venture is DMB TMV LLC, a wholly-owned subsidiary of DMB Associates, Inc. (DMB), which is a resort/recreational planned community developer.

FARMING OPERATIONS

In the San Joaquin Valley, the company farms permanent crops, including the following acreage: wine grapes—1,702; almonds—1,608; and pistachios—1,053. It manages the farming of alfalfa and forage mix on 775 acres in the Antelope Valley and it leases 750 acres of land that is used for the growing of vegetables. The company sells its farm commodities to various commercial buyers.

Customers

During 2009, the company’s major customer included Calpine, a tenant who leases and operates a power plant on its land.

History

Tejon Ranch Co. was founded in 1936.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. TEJON RANCH CO. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. TEJON RANCH CO. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. TEJON RANCH CO. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. TEJON RANCH CO. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. TEJON RANCH CO. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Tejon Ranch Co. Direct Competitors
5.2. Comparison of Tejon Ranch Co. and Direct Competitors Financial Ratios
5.3. Comparison of Tejon Ranch Co. and Direct Competitors Stock Charts
5.4. Tejon Ranch Co. Industry Analysis
5.4.1. Real Estate Industry Snapshot
  5.4.2. Tejon Ranch Co. Industry Position Analysis

6. TEJON RANCH CO. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. TEJON RANCH CO. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. TEJON RANCH CO. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. TEJON RANCH CO. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. TEJON RANCH CO. PORTER FIVE FORCES ANALYSIS²

12. TEJON RANCH CO. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Tejon Ranch Co. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Tejon Ranch Co. 1-year Stock Charts
Tejon Ranch Co. 5-year Stock Charts
Tejon Ranch Co. vs. Main Indexes 1-year Stock Chart
Tejon Ranch Co. vs. Direct Competitors 1-year Stock Charts
Tejon Ranch Co. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Tejon Ranch Co. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Tejon Ranch Co. Key Executives
Tejon Ranch Co. Major Shareholders
Tejon Ranch Co. History
Tejon Ranch Co. Products
Revenues by Segment
Revenues by Region
Tejon Ranch Co. Offices and Representations
Tejon Ranch Co. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Tejon Ranch Co. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Tejon Ranch Co. Capital Market Snapshot
Tejon Ranch Co. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Real Estate Industry Statistics
Tejon Ranch Co. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Tejon Ranch Co. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?