CKX Lands, Inc. (CKX) 10-Year Financial Performance & Capital Metrics

CKX • • Industrial / General

EnergyOil & Gas E&PMineral & Royalty CompaniesRegional Royalty Focus

AboutCKX Lands, Inc. engages in the ownership and management of land in the United States. It operates through three segments: Oil and Gas, Surface, and Timber. The company leases its properties for minerals, such as oil and gas; raising and harvesting timber; and surface uses comprising agriculture, right of ways, and hunting. It owns approximately 13,711 net acres of land consisting of 10,369 net acres of timber lands; 2,253 net acres of agriculture lands; and 895 net acres of marsh lands, as well as 194 net acres of land located in metropolitan areas. The company was formerly known as Calcasieu Real Estate & Oil Co., Inc. and changed its name to CKX Lands, Inc. in May 2005. CKX Lands, Inc. was incorporated in 1930 and is based in Lake Charles, Louisiana.Show more

Revenue $2M +2.4%
EBITDA $121K -4.3%
Net Income $250K +75.0%
EPS (Diluted) 0.12 +71.4%
Gross Margin 95.42% -0.3%
EBITDA Margin 7.98% -6.5%
Operating Margin 7.69% -6.2%
Net Margin 16.45% +70.9%
ROE 1.36% +69.5%
ROIC 0.68% -22.1%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 13.4%
✓Healthy 5Y average net margin of 13.5%
✓Trading at only 1.0x book value

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.29%

5Y13.4%

3Y26.89%

TTM-55.82%

Profit (Net Income) CAGR

10Y-15.09%

5Y0.02%

3Y-32.66%

TTM3.34%

EPS CAGR

10Y-15.67%

5Y-1.59%

3Y-34.14%

TTM7.72%

ROCE

10Y Avg1.96%

5Y Avg-0.11%

3Y Avg-3.15%

Latest0.63%

Peer Comparison

Regional Royalty Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CKXCKX Lands, Inc.	18.87M	9.19	76.58	2.39%	52.94%	2.52%	1.09%
GRNTGranite Ridge Resources, Inc	599.82M	4.57	32.64	-3.56%	8.38%	5.87%		0.32
VTSVitesse Energy, Inc.	764.19M	19.76	30.88	3.46%	7.7%	3.21%	5.19%	0.24
NRTNorth European Oil Royalty Trust	78.21M	8.51	15.47	-73.55%	87.18%	302.5%	7.49%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.06M	863.4K	1.14M	1.19M	811.27K	671.94K	744.54K	1.11M	1.49M	1.52M
Revenue Growth %	-0.59%	-0.19%	0.33%	0.04%	-0.32%	-0.17%	0.11%	0.48%	0.34%	0.02%
Cost of Goods Sold+	82.6K	62.04K	143.13K	134.53K	81.62K	42.24K	55.4K	91.29K	63.47K	69.61K
COGS % of Revenue	0.08%	0.07%	0.13%	0.11%	0.1%	0.06%	0.07%	0.08%	0.04%	0.05%
Gross Profit+	979.5K	801.36K	1M	1.06M	729.65K	629.7K	689.15K	1.01M	1.42M	1.45M
Gross Margin %	0.92%	0.93%	0.87%	0.89%	0.9%	0.94%	0.93%	0.92%	0.96%	0.95%
Gross Profit Growth %	-0.6%	-0.18%	0.25%	0.06%	-0.31%	-0.14%	0.09%	0.47%	0.4%	0.02%
Operating Expenses+	501.16K	614K	495.04K	573.53K	538.04K	250.65K	-374.16K	2.86M	1.3M	1.33M
OpEx % of Revenue	0.47%	0.71%	0.43%	0.48%	0.66%	0.37%	-0.5%	2.58%	0.88%	0.88%
Selling, General & Admin	501.16K	614K	495.04K	573.53K	618.92K	605.22K	651.57K	2.88M	1.45M	1.42M
SG&A % of Revenue	0.47%	0.71%	0.43%	0.48%	0.76%	0.9%	0.88%	2.6%	0.98%	0.93%
Research & Development	0	0	1	1	0	0	0	0	0	0
R&D % of Revenue	-	0%	0%	0%	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	-80.88K	-354.58K	-1.03M	-18.97K	-149.99K	-85.64K
Operating Income+	650.7K	187.36K	541.13K	1.37M	191.61K	379.05K	1.06M	-1.84M	121.82K	116.99K
Operating Margin %	0.61%	0.22%	0.47%	1.15%	0.24%	0.56%	1.43%	-1.67%	0.08%	0.08%
Operating Income Growth %	-0.66%	-0.71%	1.89%	1.53%	-0.86%	0.98%	1.81%	-2.73%	1.07%	-0.04%
EBITDA+	653.57K	863.4K	1.18M	2.08M	193.97K	382.33K	1.07M	-1.84M	126.77K	121.34K
EBITDA Margin %	0.62%	1%	1.03%	1.74%	0.24%	0.57%	1.43%	-1.66%	0.09%	0.08%
EBITDA Growth %	-0.67%	0.32%	0.37%	0.76%	-0.91%	0.97%	1.79%	-2.72%	1.07%	-0.04%
D&A (Non-Cash Add-back)	2.87K	676.04K	638.17K	708.07K	2.36K	3.28K	2.59K	5.92K	4.95K	4.35K
EBIT	478.35K	187.36K	506.42K	486.7K	110.73K	24.48K	37.58K	-1.86M	-28.17K	31.36K
Net Interest Income+	23.11K	34.95K	44.96K	97.5K	109.58K	44.18K	15.63K	35.34K	160.3K	206.95K
Interest Income	23.11K	34.95K	44.96K	97.5K	109.58K	44.18K	15.63K	35.34K	160.3K	206.95K
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	23.11K	34.95K	44.96K	97.5K	109.58K	59.17K	20.01K	37.11K	160.38K	220.73K
Pretax Income+	673.81K	222.31K	586.09K	1.47M	301.19K	438.22K	1.08M	-1.81M	282.2K	337.72K
Pretax Margin %	0.63%	0.26%	0.51%	1.23%	0.37%	0.65%	1.46%	-1.63%	0.19%	0.22%
Income Tax+	210.78K	51.64K	63.22K	350.79K	51.26K	98.84K	263.97K	-487.71K	139.24K	87.5K
Effective Tax Rate %	0.69%	0.77%	0.89%	0.76%	0.83%	0.77%	0.76%	0.73%	0.51%	0.74%
Net Income+	463.03K	170.67K	522.86K	1.12M	249.93K	339.38K	819.35K	-1.32M	142.96K	250.22K
Net Margin %	0.44%	0.2%	0.46%	0.93%	0.31%	0.51%	1.1%	-1.19%	0.1%	0.16%
Net Income Growth %	-0.64%	-0.63%	2.06%	1.13%	-0.78%	0.36%	1.41%	-2.61%	1.11%	0.75%
Net Income (Continuing)	463.03K	170.67K	522.86K	1.12M	249.93K	339.38K	819.35K	-1.32M	142.96K	250.22K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	-4.45M	-4.32M	-5.48M	0	0	0	0	0	0
EPS (Diluted)+	0.24	0.09	0.27	0.57	0.13	0.17	0.42	-0.67	0.07	0.12
EPS Growth %	-0.64%	-0.63%	2%	1.11%	-0.77%	0.31%	1.47%	-2.6%	1.1%	0.71%
EPS (Basic)	0.24	0.09	0.27	0.57	0.13	0.17	0.42	-0.67	0.07	0.12
Diluted Shares Outstanding	1.94M	1.94M	1.94M	1.94M	1.94M	1.94M	1.94M	1.96M	2.01M	2.05M
Basic Shares Outstanding	1.94M	1.94M	1.94M	1.94M	1.94M	1.94M	1.94M	1.96M	1.97M	2.02M
Dividend Payout Ratio	0.42%	-	0.37%	0.21%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	6.2M	4.54M	4.48M	5.63M	6.62M	7.07M	8M	8.31M	9.39M	9.58M
Cash & Short-Term Investments	6.09M	4.45M	4.28M	5.48M	6.48M	6.97M	7.91M	8.15M	9.07M	9.33M
Cash Only	2.77M	1.08M	1.62M	1.86M	3.28M	6.46M	7.41M	7.15M	7.55M	3.42M
Short-Term Investments	3.32M	3.37M	2.66M	3.61M	3.2M	502.6K	502.83K	1M	1.53M	5.91M
Accounts Receivable	64.75K	62.4K	113.07K	118.46K	102.79K	98.52K	50.74K	126.42K	104.74K	78.12K
Days Sales Outstanding	22.25	26.38	36.06	36.19	46.24	53.51	24.87	41.74	25.73	18.75
Inventory	-3.28M	-3.35M	-2.58M	-244.82K	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	33.82K	0	0	0	0	28.7K	0	171.2K
Total Non-Current Assets+	7.96M	9.88M	10.25M	9.97M	9.24M	9.24M	9.06M	9.38M	9.42M	9.27M
Property, Plant & Equipment	6.76M	9.16M	9.3M	9.25M	9.24M	9.24M	9.06M	9.08M	9.1M	9.04M
Fixed Asset Turnover	0.16x	0.09x	0.12x	0.13x	0.09x	0.07x	0.08x	0.12x	0.16x	0.17x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	1.2M	720K	950K	725K	0	0	0	0	0	0
Other Non-Current Assets	1.55M	2.07M	2.12M	2.16M	0	0	0	0	0	0
Total Assets+	14.16M	14.42M	14.72M	15.6M	15.86M	16.32M	17.06M	17.69M	18.81M	18.85M
Asset Turnover	0.08x	0.06x	0.08x	0.08x	0.05x	0.04x	0.04x	0.06x	0.08x	0.08x
Asset Growth %	0.02%	0.02%	0.02%	0.06%	0.02%	0.03%	0.05%	0.04%	0.06%	0%
Total Current Liabilities+	54.4K	132.46K	220.51K	216.81K	227.41K	342.19K	261.24K	267.18K	495.35K	264.18K
Accounts Payable	54.4K	122.46K	207.17K	91.97K	62.25K	110.79K	111.12K	37.63K	159.16K	52.42K
Days Payables Outstanding	240.41	720.49	528.31	249.52	278.39	957.2	732.18	150.44	915.36	274.84
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	113.19K	165.16K	231.41K	150.11K	229.55K	184.78K	211.76K
Other Current Liabilities	0	0	0	124.85K	0	0	0	0	0	0
Current Ratio	113.98x	34.25x	20.31x	25.97x	29.11x	20.67x	30.62x	31.10x	18.95x	36.26x
Quick Ratio	174.26x	59.52x	32.00x	27.10x	29.11x	20.67x	30.62x	31.10x	18.95x	36.26x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	292.77K	298.92K	187.66K	187.66K	187.66K	187.66K	187.66K	0	495.35K	0
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	292.77K	298.92K	187.66K	187.66K	187.66K	187.66K	187.66K	0	-184.78K	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	495.35K	0
Total Liabilities	347.17K	431.38K	408.18K	404.48K	415.07K	529.86K	448.9K	267.18K	495.35K	264.18K
Total Debt+	0	23.47K	50.35K	36.99K	0	0	0	0	0	0
Net Debt	-2.77M	-1.06M	-1.57M	-1.82M	-3.28M	-6.46M	-7.41M	-7.15M	-7.55M	-3.42M
Debt / Equity	-	0.00x	0.01x	0.00x	-	-	-	-	-	-
Debt / EBITDA	-	0.03x	0.04x	0.02x	-	-	-	-	-	-
Net Debt / EBITDA	-4.23x	-1.23x	-1.33x	-0.88x	-16.91x	-16.90x	-6.95x	-	-59.53x	-28.20x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	13.81M	9.54M	10M	9.72M	15.45M	15.79M	16.61M	17.42M	18.32M	18.58M
Equity Growth %	0.02%	-0.31%	0.05%	-0.03%	0.59%	0.02%	0.05%	0.05%	0.05%	0.01%
Book Value per Share	7.11	4.91	5.15	5.00	7.95	8.13	8.55	8.89	9.11	9.04
Total Shareholders' Equity	13.81M	13.99M	14.32M	15.2M	15.45M	15.79M	16.61M	17.42M	18.32M	18.58M
Common Stock	59.34K	59.34K	59.34K	59.34K	59.34K	59.34K	59.34K	59.34K	59.34K	59.34K
Retained Earnings	13.75M	13.93M	14.26M	15.14M	15.39M	15.73M	16.55M	15.23M	15.37M	15.62M
Treasury Stock	0	0	0	0	0	0	0	-176.59K	-263.75K	-472.6K
Accumulated OCI	-84.16K	-73.37K	-74.56K	-76.42K	0	0	0	0	0	0
Minority Interest	0	-4.45M	-4.32M	-5.48M	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	441.97K	280.81K	404.25K	241.56K	194.71K	140.16K	-263.67K	413.69K	876.95K	204.76K
Operating CF Margin %	0.42%	0.33%	0.35%	0.2%	0.24%	0.21%	-0.35%	0.37%	0.59%	0.13%
Operating CF Growth %	-0.69%	-0.36%	0.44%	-0.4%	-0.19%	-0.28%	-2.88%	2.57%	1.12%	-0.77%
Net Income	463.03K	170.67K	522.86K	1.12M	249.93K	339.38K	819.35K	-1.32M	142.96K	250.22K
Depreciation & Amortization	2.87K	467	1.19K	2.03K	1.75K	2.3K	2.03K	5.04K	4.95K	4.26K
Stock-Based Compensation	0	0	0	0	0	0	0	2.31M	841.84K	223.63K
Deferred Taxes	68.34K	6.15K	-111.25K	0	0	0	0	-300.05K	-29.07K	97.38K
Other Non-Cash Items	-169.48K	1.75K	-19.05K	-879.8K	-80.5K	-351.6K	-1.03M	-26.82K	-149.99K	-85.55K
Working Capital Changes	80.08K	101.76K	10.5K	4.27K	23.53K	150.07K	-59.88K	-255.3K	66.27K	-285.18K
Change in Receivables	0	0	0	0	0	0	0	0	0	0
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-2.71M	-1.97M	361.21K	199.87K	1.22M	3.04M	1.21M	-498.76K	-391.31K	-4.12M
Capital Expenditures	-287.52K	-2.41M	-155.28K	-55.44K	-26.82K	-9.32K	-22.67K	-29.3K	-20.74K	0
CapEx % of Revenue	0.27%	2.79%	0.14%	0.05%	0.03%	0.01%	0.03%	0.03%	0.01%	-
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.6M	434K	477.11K	982.24K	0	0	1.23M	0	149.99K	0
Cash from Financing+	-194.25K	6.51K	-194.25K	-233.1K	0	0	0	-176.59K	-87.16K	-208.85K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-194.25K	0	-194.25K	-233.1K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	6.51K	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	154.46K	-2.13M	248.97K	186.12K	167.9K	130.84K	-286.34K	384.39K	856.22K	204.76K
FCF Margin %	0.15%	-2.46%	0.22%	0.16%	0.21%	0.19%	-0.38%	0.35%	0.58%	0.13%
FCF Growth %	-0.79%	-14.77%	1.12%	-0.25%	-0.1%	-0.22%	-3.19%	2.34%	1.23%	-0.76%
FCF per Share	0.08	-1.09	0.13	0.10	0.09	0.07	-0.15	0.20	0.43	0.10
FCF Conversion (FCF/Net Income)	0.95x	1.65x	0.77x	0.22x	0.78x	0.41x	-0.32x	-0.31x	6.13x	0.82x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	134.58K	12.42K	169.5K	355.39K	67.11K	92.77K	289.42K	0	0	263.74K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.39%	1.46%	5.35%	11.31%	1.99%	2.17%	5.06%	-7.75%	0.8%	1.36%
Return on Invested Capital (ROIC)	5.04%	1.44%	4.8%	12.57%	1.43%	2.65%	8.61%	-14.2%	0.87%	0.68%
Gross Margin	92.22%	92.81%	87.5%	88.74%	89.94%	93.71%	92.56%	91.74%	95.73%	95.42%
Net Margin	43.6%	19.77%	45.68%	93.33%	30.81%	50.51%	110.05%	-119.2%	9.62%	16.45%
Debt / Equity	-	0.00x	0.01x	0.00x	-	-	-	-	-	-
FCF Conversion	0.95x	1.65x	0.77x	0.22x	0.78x	0.41x	-0.32x	-0.31x	6.13x	0.82x
Revenue Growth	-59.44%	-18.71%	32.57%	4.38%	-32.1%	-17.17%	10.8%	48.48%	34.38%	2.39%

Revenue by Segment

	2013	2014	2015	2016	2017	2018	2019	2020	2023	2024
Oil and Gas	-	-	-	-	-	581.46K	500.43K	257.25K	380.65K	417.85K
Oil and Gas Growth	-	-	-	-	-	-	-13.94%	-48.59%	47.97%	9.77%
Timber	166.64K	698.77K	52.03K	125.86K	224.11K	454.18K	72.85K	134.72K	154.15K	22.23K
Timber Growth	-	319.34%	-92.55%	141.91%	78.06%	102.66%	-83.96%	84.94%	14.42%	-85.58%
Oil And Gas	1.81M	1.48M	786.2K	510.86K	609.12K	-	-	-	-	-
Oil And Gas Growth	-	-17.90%	-47.01%	-35.02%	19.24%	-	-	-	-	-
Surface	139.87K	436.19K	223.87K	37.67K	273.02K	-	-	-	-	-
Surface Growth	-	211.85%	-48.68%	-83.17%	624.82%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CKX Lands, Inc. (CKX) has a price-to-earnings (P/E) ratio of 76.6x. This suggests investors expect higher future growth.

Growth & Financials

CKX Lands, Inc. (CKX) reported $0.9M in revenue for fiscal year 2024. This represents a 55% decrease from $2.0M in 2011.

CKX Lands, Inc. (CKX) grew revenue by 2.4% over the past year. Growth has been modest.

Yes, CKX Lands, Inc. (CKX) is profitable, generating $0.5M in net income for fiscal year 2024 (16.4% net margin).

Dividend & Returns

CKX Lands, Inc. (CKX) has a return on equity (ROE) of 1.4%. This is below average, suggesting room for improvement.

CKX Lands, Inc. (CKX) generated $0.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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