ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
NYSE:ALEX - New York Stock Exchange, Inc. - US0144911049 - REIT
We assign a fundamental rating of 5 out of 10 to ALEX. ALEX was compared to 129 industry peers in the Diversified REITs industry. ALEX has an average financial health and profitability rating. ALEX has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ALEX was profitable.
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.
In the past 5 years ALEX always reported a positive cash flow from operatings.
1.2 Ratios
ALEX has a Return On Assets of 2.45%. This is in the better half of the industry: ALEX outperforms 73.02% 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 65.08% of the companies in the same industry.
ALEX has a better Return On Invested Capital (3.71%) than 72.22% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ALEX is in line with the industry average of 3.11%.
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
ALEX has a Profit Margin of 18.46%. This is in the better half of the industry: ALEX outperforms 75.40% of its industry peers.
In the last couple of years the Profit Margin of ALEX has grown nicely.
The Operating Margin of ALEX (35.32%) is better than 76.19% of its industry peers.
In the last couple of years the Operating Margin of ALEX has remained more or less at the same level.
Looking at the Gross Margin, with a value of 49.05%, ALEX is doing worse than 80.16% of the companies in the same industry.
ALEX's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALEX is destroying value.
The number of shares outstanding for ALEX remains at a similar level compared to 1 year ago.
The number of shares outstanding for ALEX has been increased compared to 5 years ago.
The debt/assets ratio for ALEX is higher compared to a year ago.
2.2 Solvency
ALEX has an Altman-Z score of 0.83. This is a bad value and indicates that ALEX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.83, ALEX is in the better half of the industry, outperforming 62.70% of the companies in the same industry.
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 Debt to FCF ratio of 6.37. This is amongst the best in the industry. ALEX outperforms 95.24% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that ALEX is not too dependend on debt financing.
ALEX has a better Debt to Equity ratio (0.47) than 89.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 6.37 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.48
WACC7.81%
2.3 Liquidity
A Current Ratio of 6.55 indicates that ALEX has no problem at all paying its short term obligations.
ALEX's Current ratio of 6.55 is amongst the best of the industry. ALEX outperforms 97.62% 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.
ALEX has a Quick ratio of 6.55. This is amongst the best in the industry. ALEX outperforms 97.62% 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%.
Measured over the past years, ALEX shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.98% on average per year.
The Revenue has decreased by -9.37% in the past 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
The Earnings Per Share is expected to decrease by -13.42% on average over the next years. This is quite bad
ALEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.86% yearly.
EPS Next Y-0.46%
EPS Next 2Y-13.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.35%
Revenue Next 2Y0.86%
Revenue Next 3YN/A
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ALEX is valuated quite expensively with a Price/Earnings ratio of 28.37.
68.25% of the companies in the same industry are more expensive than ALEX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ALEX to the average of the S&P500 Index (28.29), we can say ALEX is valued inline with the index average.
The Price/Forward Earnings ratio is 28.27, which means the current valuation is very expensive for ALEX.
ALEX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ALEX is cheaper than 77.78% of the companies in the same industry.
ALEX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.37 | ||
| Fwd PE | 28.27 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ALEX.
ALEX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ALEX is cheaper than 76.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.32 | ||
| EV/EBITDA | 15.3 |
4.3 Compensation for Growth
The decent profitability rating of ALEX may justify a higher PE ratio.
ALEX's earnings are expected to decrease with -13.42% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y-13.42%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ALEX has a Yearly Dividend Yield of 5.04%, which is a nice return.
ALEX's Dividend Yield is comparable with the industry average which is at 18.51.
ALEX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
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.
The Dividend Rate of ALEX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP121.29%
EPS Next 2Y-13.42%
EPS Next 3YN/A
ALEXANDER & BALDWIN INC
NYSE:ALEX (1/22/2025, 9:37:58 AM)
17.59
-0.22 (-1.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.89%
Inst Owner Change-0.11%
Ins Owners0.72%
Ins Owner Change-0.25%
Market Cap1.28B
Analysts82
Price Target21.68 (23.25%)
Short Float %0.75%
Short Ratio1.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.04% |
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)0%
PT rev (3m)1.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)6.58%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.37 | ||
| Fwd PE | 28.27 | ||
| P/S | 5.87 | ||
| P/FCF | 17.32 | ||
| P/OCF | 13.27 | ||
| P/B | 1.28 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 15.3 |
EPS(TTM)0.62
EY3.52%
EPS(NY)0.62
Fwd EY3.54%
FCF(TTM)1.02
FCFY5.77%
OCF(TTM)1.33
OCFY7.54%
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 | 0.83 |
F-Score8
WACC7.81%
ROIC/WACC0.48
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-13.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.37%
Revenue growth 3Y3.16%
Revenue growth 5Y-20.17%
Sales Q2Q%17.99%
Revenue Next Year-0.35%
Revenue Next 2Y0.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y24.79%
EBIT growth 3Y27.44%
EBIT growth 5Y-19.4%
EBIT Next Year85.56%
EBIT Next 3YN/A
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%