CKX Lands Inc. Common Stock (CKX)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach CKX Lands as a Graham-style asset play with a Buffett-like question: what is the land worth, and can it produce repeatable cash? At the close on 2026-10-13, the price was $10.69 and market cap was $21.9M. FairStock shows a P/B of 1.02, a P/E of 7.53, an ROE of 14.43%, and a Graham Number of $18.34, implying about 41.71% margin of safety. That looks appealing on the surface. The company owns land and earns from oil and gas leases, timber, and surface uses. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $168,314 and net income was $122,235, a 72.62% margin. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $170,660 and net income was $55,244. Fiscal Q3 2025, ended 2025-09-30, had revenue of $232,639 and net income of $166,304. These are tiny dollar amounts, so one lease payment or timber sale can swing results. FY2025, ended 2025-12-31, reported revenue of $838,543 and net income of $3.0M, or diluted EPS of $1.47, far above FY2024's net income of $250,224 on $1.5M revenue and FY2023's $142,961. When net income exceeds revenue, I question how repeatable that is. FairStock's trailing free cash flow is -$98,621, ROCE is -0.16%, and Piotroski is 6/9. The Altman Z-Score of 54.53 suggests a strong balance sheet, but there is no dividend. Lynch category is TURNAROUND because it returned to profit after a loss within three years. CKX may be cheap against book value and land, but I need evidence that cash earnings recur.

In plain English: CKX Lands owns land and makes money by leasing it for oil and gas, selling timber, and renting surface rights for farming and hunting. It is a tiny company with very up-and-down revenue and profit, but it has recently been profitable and looks inexpensive compared with its land and reported earnings. The main catch is that the latest cash flow is negative and the big profit from last reported year may not repeat.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer