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CKX Lands, Inc. CKX

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Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell
Insider Ownership
37.65%

Capital & Financial Ratios

Market Cap
21.78
Revenue
0.69
Net Income
2.91
Free Cash Flow
(0.10)
Net Debt
(17.55)
Current Ratio
124.60
Debt/Equity
0.00
P/E ratio
7.93
P/S ratio
33.34
P/B ratio
1.07
Past 5Y EPS Growth
(1.40%)
This Y EPS Growth
71.40%
Next Y EPS Growth
Next 5Y EPS Growth
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2018 0.12
2017 0.00
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 9.07 9.33 18.01 17.55
Receivables 0.10 0.08 0.04 0.02
Inventory
Other
9.39 9.58 18.06 17.64
2023 2024 2025 Q'26
Payables 0.16 0.05 0.09 0.03
ST’ Debt
Other 0.18 0.21 0.17 0.08
0.50 0.26 0.73 0.14
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 0.17 0.17
’25 0.35 0.14 0.23 0.12
0.84
’24 0.14 1.03 0.17 0.18
1.52
’23 0.17 0.37 0.26 0.69
1.49
’22 0.18 0.31 0.33 0.28
1.11
’21 0.15 0.21 0.17 0.20
0.74
’20 0.18 0.19 0.16 0.14
0.67
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (0.05) (0.41)
’25 0.12 (0.02) 0.24 0.12
0.46
’24 (0.34) 0.69 (0.25) 0.10
0.20
’23 (0.09) 0.19 0.15 0.62
0.88
’22 (0.05) (0.09) 0.32 0.24
0.41
’21 (0.15) 0.09 0.00 (0.20)
(0.26)
’20 0.02 0.07 0.08 (0.04)
0.14
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 (0.05) (0.41)
’25 0.12 0.33 0.38 7.99
8.83
’24 (0.34) 0.83 (0.25) 0.10
0.35
’23 0.06 0.19 0.15 0.62
1.03
’22 (0.05) (0.10) 0.32 0.25
0.42
’21 0.39 0.29 0.26 0.02
0.97
’20 0.06 0.29 0.13 0.02
0.50
in millions of $

EPS

Mar Jun Sep Dec Year
’26 0.03 0.06
’25 0.06 0.08 0.08 1.25
1.47
’24 (0.20) 0.27 0.03 0.01
0.12
’23 (0.12) 0.05 0.02 0.12
0.07
’22 0.00 (0.14) (0.03) (0.51)
(0.67)
’21 0.22 0.09 0.10 0.02
0.42
’20 0.03 0.11 0.03 0.01
0.17

Target Price Range

High
Average
Low

Recommendation Rating

1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡ ‡‡‡‡ ‡‡‡ ‡‡‡‡ ‡‡‡ ‡‡‡‡ 9.90 8.60 11.51 8.66
Low Price
‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 16.50 13.25 14.44 14.00
High Price
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 2 2 2 2
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.55 0.74 0.76 0.42
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.11 1.49 1.52 0.84
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 92.19% 96.02% 95.71% 92.28%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.81) 0.28 0.34 3.98
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (163.31%) 19.00% 22.20% 474.28%
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (1.32) 0.14 0.25 3.01
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.01 0.00 0.00 0.00
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.56 0.75 0.75 0.41
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ (0.67) 0.07 0.12 1.47
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.21 0.44 0.10 0.22
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.00 0.08 0.07 4.09
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.21 0.52 0.17 4.31
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.90 9.28 9.21 10.48
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.96 1.97 2.02 2.05
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.00 184.43 105.00 6.22
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17.75 17.16 16.72 22.33
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.13 1.39 1.37 0.87
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 10.37 11.05 10.58 0.85
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17.85 15.99 46.60 0.08
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.41 0.88 0.20 0.46
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.01 0.15 0.14 8.37
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.42 1.03 0.35 8.83
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.04 8.89 9.32 17.33
Working Cap'
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (8.15) (9.07) (9.33) (18.01)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 17.42 18.32 18.58 21.45
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (7.59%) 0.78% 1.33% 14.64%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (12.43%) 0.82% 0.79% 66.25%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (7.75%) 0.80% 1.36% 15.04%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

CKX Lands, Inc. (CKX), a micro-cap steward of Louisiana timberlands, farmland, and mineral rights, exemplifies lean efficiency with just 1-2 employees generating $760,000+ revenue per head—2-3x peer levels. Revenue has compounded at 7% annually since 2016 to $1.52 million in 2024, with gross margins expanding to 96% and revenue per share up 70%, fueled by royalties tied to oil/gas cycles. Debt-free with net cash doubling to $9.33 million and book value per share rising 28% to $9.21, CKX boasts fortress-like stability amid commodity volatility.

Profitability swings from one-off impairments (e.g., 2022’s -$0.67 EPS) have rebounded sharply to $0.12 EPS in 2024, with EBT margins of 20-22% outpacing REIT/energy peers. Free cash flow per share hit $0.52 peaks, funding equity growth without dividends, while ROE averages 2-6% safely. The stock trades at 1.4x PB and 17x PS—modest premiums masking a 40-50% cash-backed discount—lagging 28% BVPS gains amid thin coverage and zero insider trades.

Stable energy demand (oil $70-80/barrel through 2027) and Haynesville shale upside portend 8-12% annualized returns, amplified by timber cycles or M&A. In a frothy market, CKX offers enduring value as a sleepy compounder shielded from leverage risks.

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