ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
NYSE:ALEX - New York Stock Exchange, Inc. - US0144911049 - REIT - Currency: USD
ALEX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. ALEX has only an average score on both its financial health and profitability. ALEX has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
ALEX had positive earnings in the past year.
In the past year ALEX had a positive cash flow from operations.
In multiple years ALEX reported negative net income over the last 5 years.
ALEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ALEX has a better Return On Assets (2.45%) than 73.60% of its industry peers.
Looking at the Return On Equity, with a value of 4.01%, ALEX is in the better half of the industry, outperforming 64.80% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.71%, ALEX is doing good in the industry, outperforming 72.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ALEX is in line with the industry average of 3.13%.
The last Return On Invested Capital (3.71%) for ALEX is above the 3 year average (3.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 4.01% | ||
| ROIC | 3.71% |
ROA(3y)0.28%
ROA(5y)-0.13%
ROE(3y)0.45%
ROE(5y)-0.28%
ROIC(3y)3.17%
ROIC(5y)2.43%
1.3 Margins
With a decent Profit Margin value of 18.46%, ALEX is doing good in the industry, outperforming 76.80% of the companies in the same industry.
In the last couple of years the Profit Margin of ALEX has grown nicely.
ALEX's Operating Margin of 35.32% is fine compared to the rest of the industry. ALEX outperforms 73.60% of its industry peers.
In the last couple of years the Operating Margin of ALEX has remained more or less at the same level.
With a Gross Margin value of 49.05%, ALEX is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of ALEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.32% | ||
| PM (TTM) | 18.46% | ||
| GM | 49.05% |
OM growth 3Y23.54%
OM growth 5Y0.97%
PM growth 3Y70.07%
PM growth 5YN/A
GM growth 3Y13.29%
GM growth 5Y3.79%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALEX is destroying value.
ALEX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALEX has more shares outstanding
ALEX has a worse debt/assets ratio than last year.
2.2 Solvency
ALEX has an Altman-Z score of 0.81. This is a bad value and indicates that ALEX is not financially healthy and even has some risk of bankruptcy.
ALEX has a better Altman-Z score (0.81) than 64.00% of its industry peers.
The Debt to FCF ratio of ALEX is 6.37, which is on the high side as it means it would take ALEX, 6.37 years of fcf income to pay off all of its debts.
ALEX has a better Debt to FCF ratio (6.37) than 95.20% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that ALEX is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.47, ALEX belongs to the best of the industry, outperforming 88.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 6.37 | ||
| Altman-Z | 0.81 |
ROIC/WACC0.49
WACC7.65%
2.3 Liquidity
A Current Ratio of 6.55 indicates that ALEX has no problem at all paying its short term obligations.
ALEX has a Current ratio of 6.55. This is amongst the best in the industry. ALEX outperforms 97.60% of its industry peers.
ALEX has a Quick Ratio of 6.55. This indicates that ALEX is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of ALEX (6.55) is better than 97.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.55 | ||
| Quick Ratio | 6.55 |
3. Growth
3.1 Past
ALEX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -47.90%.
ALEX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.98% yearly.
Looking at the last year, ALEX shows a decrease in Revenue. The Revenue has decreased by -9.37% in the last year.
Measured over the past years, ALEX shows a very negative growth in Revenue. The Revenue has been decreasing by -20.17% on average per year.
EPS 1Y (TTM)-47.9%
EPS 3Y140.05%
EPS 5Y63.98%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)-9.37%
Revenue growth 3Y3.16%
Revenue growth 5Y-20.17%
Sales Q2Q%17.99%
3.2 Future
ALEX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.27% yearly.
Based on estimates for the next years, ALEX will show a small growth in Revenue. The Revenue will grow by 1.87% on average per year.
EPS Next Y-0.46%
EPS Next 2Y-14.13%
EPS Next 3Y-6.27%
EPS Next 5YN/A
Revenue Next Year3.19%
Revenue Next 2Y1%
Revenue Next 3Y1.87%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 28.40 indicates a quite expensive valuation of ALEX.
ALEX's Price/Earnings ratio is a bit cheaper when compared to the industry. ALEX is cheaper than 64.00% of the companies in the same industry.
ALEX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.62.
ALEX is valuated quite expensively with a Price/Forward Earnings ratio of 28.77.
ALEX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ALEX is cheaper than 78.40% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, ALEX is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.4 | ||
| Fwd PE | 28.77 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ALEX is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALEX indicates a somewhat cheap valuation: ALEX is cheaper than 76.80% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.34 | ||
| EV/EBITDA | 15.17 |
4.3 Compensation for Growth
ALEX has a very decent profitability rating, which may justify a higher PE ratio.
ALEX's earnings are expected to decrease with -6.27% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-14.13%
EPS Next 3Y-6.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.06%, ALEX is a good candidate for dividend investing.
ALEX's Dividend Yield is comparable with the industry average which is at 18.31.
Compared to an average S&P500 Dividend Yield of 2.27, ALEX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.06% |
5.2 History
The dividend of ALEX decreases each year by -19.23%.
ALEX has paid a dividend for at least 10 years, which is a reliable track record.
ALEX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-19.23%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
121.29% of the earnings are spent on dividend by ALEX. This is not a sustainable payout ratio.
ALEX's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP121.29%
EPS Next 2Y-14.13%
EPS Next 3Y-6.27%
17.61
-0.02 (-0.11%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.73%
Inst Owner Change-89.24%
Ins Owners0.82%
Ins Owner Change2.77%
Market Cap1.28B
Analysts82
Price Target22.19 (26.01%)
Short Float %0.82%
Short Ratio1.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.06% |
Yearly Dividend0.89
Dividend Growth(5Y)-19.23%
DP121.29%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)51.1%
Min EPS beat(2)-8.96%
Max EPS beat(2)111.16%
EPS beat(4)2
Avg EPS beat(4)-17.64%
Min EPS beat(4)-181.7%
Max EPS beat(4)111.16%
EPS beat(8)5
Avg EPS beat(8)-4.82%
EPS beat(12)7
Avg EPS beat(12)-0.71%
EPS beat(16)10
Avg EPS beat(16)81.74%
Revenue beat(2)1
Avg Revenue beat(2)0.76%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)3.83%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)2.35%
PT rev (3m)2.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)3.55%
Revenue NY rev (3m)3.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.4 | ||
| Fwd PE | 28.77 | ||
| P/S | 5.88 | ||
| P/FCF | 17.34 | ||
| P/OCF | 13.29 | ||
| P/B | 1.28 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 15.17 |
EPS(TTM)0.62
EY3.52%
EPS(NY)0.61
Fwd EY3.48%
FCF(TTM)1.02
FCFY5.77%
OCF(TTM)1.33
OCFY7.53%
SpS3
BVpS13.79
TBVpS13.67
PEG (NY)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 4.01% | ||
| ROCE | 4.7% | ||
| ROIC | 3.71% | ||
| ROICexc | 3.78% | ||
| ROICexgc | 3.8% | ||
| OM | 35.32% | ||
| PM (TTM) | 18.46% | ||
| GM | 49.05% | ||
| FCFM | 33.89% |
ROA(3y)0.28%
ROA(5y)-0.13%
ROE(3y)0.45%
ROE(5y)-0.28%
ROIC(3y)3.17%
ROIC(5y)2.43%
ROICexc(3y)3.24%
ROICexc(5y)2.48%
ROICexgc(3y)3.26%
ROICexgc(5y)2.5%
ROCE(3y)4.01%
ROCE(5y)3.08%
ROICexcg growth 3Y35.57%
ROICexcg growth 5Y-16.33%
ROICexc growth 3Y35.81%
ROICexc growth 5Y-15.31%
OM growth 3Y23.54%
OM growth 5Y0.97%
PM growth 3Y70.07%
PM growth 5YN/A
GM growth 3Y13.29%
GM growth 5Y3.79%
F-Score8
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 6.37 | ||
| Debt/EBITDA | 4.14 | ||
| Cap/Depr | 61.71% | ||
| Cap/Sales | 10.34% | ||
| Interest Coverage | 3.58 | ||
| Cash Conversion | 84.93% | ||
| Profit Quality | 183.57% | ||
| Current Ratio | 6.55 | ||
| Quick Ratio | 6.55 | ||
| Altman-Z | 0.81 |
F-Score8
WACC7.65%
ROIC/WACC0.49
Cap/Depr(3y)82.68%
Cap/Depr(5y)160.06%
Cap/Sales(3y)15.14%
Cap/Sales(5y)23.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-47.9%
EPS 3Y140.05%
EPS 5Y63.98%
EPS Q2Q%-13.33%
EPS Next Y-0.46%
EPS Next 2Y-14.13%
EPS Next 3Y-6.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.37%
Revenue growth 3Y3.16%
Revenue growth 5Y-20.17%
Sales Q2Q%17.99%
Revenue Next Year3.19%
Revenue Next 2Y1%
Revenue Next 3Y1.87%
Revenue Next 5YN/A
EBIT growth 1Y24.79%
EBIT growth 3Y27.44%
EBIT growth 5Y-19.4%
EBIT Next Year85.56%
EBIT Next 3Y19.73%
EBIT Next 5YN/A
FCF growth 1Y333.85%
FCF growth 3Y-1.88%
FCF growth 5Y21.07%
OCF growth 1Y47.42%
OCF growth 3Y2.07%
OCF growth 5Y-26.36%