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what it is
CKX owns Louisiana land and mineral rights, then collects royalties, rent, and timber income while other people do the actual work.
how it gets paid
Last year Ckx made $2M in revenue. timberland was the main engine at $1.48M, or 74% of sales.
what just happened
Quarterly revenue reached $717K, up 208% vs. prior year, while EPS climbed to $0.22.
At a glance
B balance sheet — gets the job done, barely
25/100 earnings predictability — expect surprises
46.0x trailing p/e — you're paying up for this one
1.3% return on capital — nothing to write home about
$0.12 fy2024 eps est
xvary composite: 41/100 — below average
What they do
CKX owns Louisiana land and mineral rights, then collects royalties, rent, and timber income while other people do the actual work.
CKX's edge is boring and hard to copy. It controls about 13,025 net acres in southern Louisiana, including 9,637 timberland acres, and that land throws off royalties and rent without CKX paying to drill or farm. Asset-light → other people do the operating → you keep the checks if the land stays productive.
How they make money
$2M
annual revenue
timberland
$1.48M
agricultural land
$0.35M
marsh land
$0.14M
future subdivision land
$0.03M
The products that matter
leases mineral rights
Mineral leases & royalties
$1.1M · roughly 55% of annual revenue
this segment generated roughly $1.1M last year, but it fell 60% from the prior period. that's the risk when your income depends on activity on land you don't directly operate.
main revenue source
manages timber and surface use
Timber & surface leases
$900K · roughly 45% of annual revenue
this line brought in about $900K and dropped 50% from last year. it matters because it is the only real offset when royalty income weakens.
secondary cash flow
embedded asset optionality
Land sale value
no disclosed sale value
there is no operating segment number here. that's the point. with only $475K in annual profit, much of the investment case sits in what the land could fetch, not what the business currently earns.
the real debate
Key numbers
46.0x
trailing p/e
Trailing P/E → how many dollars you pay for one dollar of profit → you are paying a luxury multiple for a tiny land royalty company.
1.3%
return on capital
Return on capital → profit generated from the money tied up in the business → CKX's assets are valuable, but current earnings are thin.
$2.0M
ttm revenue
That is the entire sales base supporting a roughly $23M market cap, so every few hundred thousand dollars matter a lot.
13,025
net acres
The acreage is the thesis. You are buying land cash flows first and reported earnings second.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 65 / 100
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CKX right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Quarterly revenue reached $717K, up 208% vs. prior year, while EPS climbed to $0.22.
The quarter was strong versus a tiny base. also shows full-year EPS improved from $0.07 in 2023 to $0.12 in 2024, which tells you CKX's earnings can move a lot on small revenue changes.
$717K
revenue
$0.22
eps
+208%
revenue growth
the number that mattered
The key number was $717K of quarterly revenue, because on a $2.0M annual revenue base, one strong quarter can rewrite the full-year story.
source: company earnings report, 2026
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What could go wrong
the top risk is the operating business shrinking faster than the land value can bail it out.
high
Revenue deterioration
Trailing twelve-month revenue is $897K, down 55.8% from last year.
When revenue gets this small, fixed corporate costs eat a bigger share of the business. A few weak lease periods can wipe out most of the earnings base.
high
Asset-sale thesis may not happen
The stock's appeal increasingly looks tied to strategic action rather than current operations, but no sale value is disclosed here.
If no transaction happens, you are left with a 46.0x earnings multiple on a company that made only $475K last year.
med
Board turnover during a key period
Directors Keith Duplechin and Daniel J. Englander retired effective March 5, 2026.
At a micro-cap with limited public detail, leadership changes can slow or reshape any strategic review.
med
Single-region exposure
All reported revenue comes from land and mineral interests in Louisiana.
That means 100% of income is tied to one geography and to local demand for energy, timber, and surface use.
The numbers are simple: $23M market cap, $475K in annual profit, $897K in trailing revenue. If the land is not monetized better from here, the valuation looks rich.
source: institutional data · regulatory filings · risk analysis
Pay attention to
catalyst
Any land sale or strategic update
This is the main event. With only $475K in annual profit, a transaction matters more than incremental operating improvement.
risk
Whether trailing revenue stabilizes above $897K
If the revenue base keeps sliding from here, the market will have an even harder time justifying 46.0x earnings.
calendar
Next earnings update
Estimated for May 12, 2026. On CKX, the commentary may matter more than the quarter's raw revenue number.
metric
Return on equity
2.5% return on equity is the tell. If that number does not improve, the land is staying valuable on paper more than in practice.
Analyst rankings
earnings predictability
25 / 100
in human-speak, analysts do not trust this earnings stream to show up smoothly quarter after quarter.
risk rank
3
That reads as middle-of-the-pack safety. Not fragile, but not protected by scale either.
source: institutional data
Institutional activity
institutional ownership data for CKX is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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