ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
USA - NYSE:ALEX - US0144911049 - REIT
15.74 USD
+0.1 (+0.64%)
15.74 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to ALEX. ALEX was compared to 127 industry peers in the Diversified REITs industry. ALEX scores excellent on profitability, but there are concerns on its financial health. ALEX has a correct valuation and a medium growth rate.
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.
ALEX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years ALEX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.43%, ALEX belongs to the top of the industry, outperforming 91.34% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.25%, ALEX belongs to the top of the industry, outperforming 81.10% of the companies in the same industry.
ALEX has a Return On Invested Capital of 3.56%. This is in the better half of the industry: ALEX outperforms 66.14% 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 3.07%.
The last Return On Invested Capital (3.56%) for ALEX is above the 3 year average (3.24%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 7.25% | ||
| ROIC | 3.56% |
ROA(3y)0.86%
ROA(5y)0.94%
ROE(3y)1.36%
ROE(5y)1.58%
ROIC(3y)3.24%
ROIC(5y)2.9%
1.3 Margins
The Profit Margin of ALEX (33.62%) is better than 87.40% of its industry peers.
ALEX's Profit Margin has improved in the last couple of years.
The Operating Margin of ALEX (32.44%) is better than 67.72% of its industry peers.
ALEX's Operating Margin has improved in the last couple of years.
ALEX has a Gross Margin of 45.27%. This is in the lower half of the industry: ALEX underperforms 79.53% of its industry peers.
In the last couple of years the Gross Margin of ALEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.44% | ||
| PM (TTM) | 33.62% | ||
| GM | 45.27% |
OM growth 3Y0.42%
OM growth 5Y32.23%
PM growth 3Y22.77%
PM growth 5YN/A
GM growth 3Y-1.01%
GM growth 5Y15.99%
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 has been increased compared to 1 year ago.
Compared to 5 years ago, ALEX has more shares outstanding
The debt/assets ratio for ALEX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that ALEX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.64, ALEX is in line with its industry, outperforming 56.69% of the companies in the same industry.
The Debt to FCF ratio of ALEX is 10.53, which is on the high side as it means it would take ALEX, 10.53 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.53, ALEX belongs to the top of the industry, outperforming 88.19% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that ALEX is not too dependend on debt financing.
ALEX has a Debt to Equity ratio of 0.47. This is amongst the best in the industry. ALEX outperforms 88.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 10.53 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.49
WACC7.28%
2.3 Liquidity
ALEX has a Current Ratio of 0.78. This is a bad value and indicates that ALEX is not financially healthy enough and could expect problems in meeting its short term obligations.
ALEX has a Current ratio (0.78) which is in line with its industry peers.
ALEX has a Quick Ratio of 0.78. This is a bad value and indicates that ALEX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ALEX (0.78) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 62.90% over the past year.
The Earnings Per Share has been growing by 36.08% on average over the past years. This is a very strong growth
The Revenue has decreased by -3.94% in the past year.
The Revenue for ALEX have been decreasing by -11.47% on average. This is quite bad
EPS 1Y (TTM)62.9%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%-23.08%
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%-18.94%
3.2 Future
ALEX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.82% yearly.
Based on estimates for the next years, ALEX will show a small growth in Revenue. The Revenue will grow by 2.03% on average per year.
EPS Next Y9.29%
EPS Next 2Y-10.14%
EPS Next 3Y-4.82%
EPS Next 5YN/A
Revenue Next Year0.93%
Revenue Next 2Y1.47%
Revenue Next 3Y2.03%
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
Based on the Price/Earnings ratio of 15.58, the valuation of ALEX can be described as correct.
Based on the Price/Earnings ratio, ALEX is valued cheaply inside the industry as 89.76% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.13. ALEX is valued slightly cheaper when compared to this.
ALEX is valuated rather expensively with a Price/Forward Earnings ratio of 23.21.
ALEX's Price/Forward Earnings ratio is rather cheap when compared to the industry. ALEX is cheaper than 85.83% of the companies in the same industry.
ALEX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 23.21 |
4.2 Price Multiples
ALEX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, ALEX is valued a bit cheaper than the industry average as 72.44% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.37 | ||
| EV/EBITDA | 14.64 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ALEX has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as ALEX's earnings are expected to decrease with -4.82% in the coming years.
PEG (NY)1.68
PEG (5Y)0.43
EPS Next 2Y-10.14%
EPS Next 3Y-4.82%
5. Dividend
5.1 Amount
ALEX has a Yearly Dividend Yield of 5.75%, which is a nice return.
ALEX's Dividend Yield is comparable with the industry average which is at 6.30.
Compared to an average S&P500 Dividend Yield of 2.39, ALEX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
5.2 History
The dividend of ALEX has a limited annual growth rate of 5.27%.
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)5.27%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
89.29% of the earnings are spent on dividend by ALEX. This is not a sustainable payout ratio.
The Dividend Rate of ALEX has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP89.29%
EPS Next 2Y-10.14%
EPS Next 3Y-4.82%
15.74
+0.1 (+0.64%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.16%
Inst Owner Change-0.56%
Ins Owners0.71%
Ins Owner Change-0.29%
Market Cap1.15B
Revenue(TTM)218.14M
Net Income(TTM)73.34M
Analysts82
Price Target21.68 (37.74%)
Short Float %0.91%
Short Ratio1.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.75% |
Yearly Dividend0.9
Dividend Growth(5Y)5.27%
DP89.29%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)182.07%
Min EPS beat(2)35.23%
Max EPS beat(2)328.92%
EPS beat(4)4
Avg EPS beat(4)116.2%
Min EPS beat(4)11.11%
Max EPS beat(4)328.92%
EPS beat(8)6
Avg EPS beat(8)50.84%
EPS beat(12)10
Avg EPS beat(12)40.19%
EPS beat(16)12
Avg EPS beat(16)31.69%
Revenue beat(2)0
Avg Revenue beat(2)-2.09%
Min Revenue beat(2)-2.89%
Max Revenue beat(2)-1.29%
Revenue beat(4)1
Avg Revenue beat(4)4.81%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)24.65%
Revenue beat(8)4
Avg Revenue beat(8)5.53%
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)-9.37%
EPS NY rev (1m)0%
EPS NY rev (3m)32.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.58 | ||
| Fwd PE | 23.21 | ||
| P/S | 5.25 | ||
| P/FCF | 25.37 | ||
| P/OCF | 12.55 | ||
| P/B | 1.13 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 14.64 |
EPS(TTM)1.01
EY6.42%
EPS(NY)0.68
Fwd EY4.31%
FCF(TTM)0.62
FCFY3.94%
OCF(TTM)1.25
OCFY7.97%
SpS3
BVpS13.9
TBVpS13.78
PEG (NY)1.68
PEG (5Y)0.43
Graham Number17.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.43% | ||
| ROE | 7.25% | ||
| ROCE | 4.5% | ||
| ROIC | 3.56% | ||
| ROICexc | 3.6% | ||
| ROICexgc | 3.62% | ||
| OM | 32.44% | ||
| PM (TTM) | 33.62% | ||
| GM | 45.27% | ||
| FCFM | 20.69% |
ROA(3y)0.86%
ROA(5y)0.94%
ROE(3y)1.36%
ROE(5y)1.58%
ROIC(3y)3.24%
ROIC(5y)2.9%
ROICexc(3y)3.29%
ROICexc(5y)2.96%
ROICexgc(3y)3.31%
ROICexgc(5y)2.98%
ROCE(3y)4.1%
ROCE(5y)3.67%
ROICexgc growth 3Y1.17%
ROICexgc growth 5Y22.15%
ROICexc growth 3Y1.32%
ROICexc growth 5Y22.35%
OM growth 3Y0.42%
OM growth 5Y32.23%
PM growth 3Y22.77%
PM growth 5YN/A
GM growth 3Y-1.01%
GM growth 5Y15.99%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 10.53 | ||
| Debt/EBITDA | 4.36 | ||
| Cap/Depr | 120.65% | ||
| Cap/Sales | 21.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 83.73% | ||
| Profit Quality | 61.54% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 0.64 |
F-Score5
WACC7.28%
ROIC/WACC0.49
Cap/Depr(3y)93.91%
Cap/Depr(5y)86.99%
Cap/Sales(3y)15.27%
Cap/Sales(5y)16.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)62.9%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%-23.08%
EPS Next Y9.29%
EPS Next 2Y-10.14%
EPS Next 3Y-4.82%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%-18.94%
Revenue Next Year0.93%
Revenue Next 2Y1.47%
Revenue Next 3Y2.03%
Revenue Next 5YN/A
EBIT growth 1Y-12.99%
EBIT growth 3Y-1.93%
EBIT growth 5Y17.06%
EBIT Next Year67.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y14.26%
FCF growth 3Y-12.59%
FCF growth 5YN/A
OCF growth 1Y33.05%
OCF growth 3Y-7.6%
OCF growth 5Y-9.07%
ALEXANDER & BALDWIN INC / ALEX FAQ
What is the fundamental rating for ALEX stock?
ChartMill assigns a fundamental rating of 5 / 10 to ALEX.
Can you provide the valuation status for ALEXANDER & BALDWIN INC?
ChartMill assigns a valuation rating of 5 / 10 to ALEXANDER & BALDWIN INC (ALEX). This can be considered as Fairly Valued.
Can you provide the profitability details for ALEXANDER & BALDWIN INC?
ALEXANDER & BALDWIN INC (ALEX) has a profitability rating of 8 / 10.
What is the valuation of ALEXANDER & BALDWIN INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for ALEXANDER & BALDWIN INC (ALEX) is 15.58 and the Price/Book (PB) ratio is 1.13.
What is the expected EPS growth for ALEXANDER & BALDWIN INC (ALEX) stock?
The Earnings per Share (EPS) of ALEXANDER & BALDWIN INC (ALEX) is expected to grow by 9.29% in the next year.