ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
USA - NYSE:ALEX - US0144911049 - REIT
18.37 USD
-0.27 (-1.45%)
18.371 USD
+0 (+0.01%)
ALEX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. ALEX has an excellent profitability rating, 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.
ALEX had a positive operating cash flow in the past year.
Of the past 5 years ALEX 4 years were profitable.
ALEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.75%, ALEX belongs to the top of the industry, outperforming 93.08% of the companies in the same industry.
With an excellent Return On Equity value of 7.70%, ALEX belongs to the best of the industry, outperforming 81.54% of the companies in the same industry.
The Return On Invested Capital of ALEX (3.79%) is better than 70.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALEX is in line with the industry average of 3.05%.
The 3 year average ROIC (3.24%) for ALEX is below the current ROIC(3.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.7% | ||
| ROIC | 3.79% |
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
With an excellent Profit Margin value of 33.94%, ALEX belongs to the best of the industry, outperforming 86.92% of the companies in the same industry.
In the last couple of years the Profit Margin of ALEX has grown nicely.
Looking at the Operating Margin, with a value of 33.16%, ALEX is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Operating Margin of ALEX has grown nicely.
Looking at the Gross Margin, with a value of 45.92%, ALEX is doing worse than 80.00% of the companies in the same industry.
ALEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.16% | ||
| PM (TTM) | 33.94% | ||
| GM | 45.92% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALEX is destroying value.
ALEX has more 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 0.88. This is a bad value and indicates that ALEX is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ALEX (0.88) is better than 70.77% of its industry peers.
ALEX has a debt to FCF ratio of 8.92. This is a slightly negative value and a sign of low solvency as ALEX would need 8.92 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.92, ALEX belongs to the top of the industry, outperforming 90.77% of the companies in the same industry.
ALEX has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.44, ALEX belongs to the best of the industry, outperforming 90.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.92 | ||
| Altman-Z | 0.88 |
ROIC/WACC0.51
WACC7.44%
2.3 Liquidity
A Current Ratio of 0.27 indicates that ALEX may have some problems paying its short term obligations.
The Current ratio of ALEX (0.27) is worse than 89.23% of its industry peers.
A Quick Ratio of 0.27 indicates that ALEX may have some problems paying its short term obligations.
ALEX's Quick ratio of 0.27 is on the low side compared to the rest of the industry. ALEX is outperformed by 89.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
ALEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.12%, which is quite impressive.
ALEX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 36.08% yearly.
The Revenue has been growing slightly by 5.60% in the past year.
The Revenue for ALEX have been decreasing by -11.47% on average. This is quite bad
EPS 1Y (TTM)62.12%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%169.23%
Revenue 1Y (TTM)5.6%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%1.28%
3.2 Future
The Earnings Per Share is expected to decrease by -2.22% on average over the next years.
ALEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.55% yearly.
EPS Next Y-4.68%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue Next Year1.4%
Revenue Next 2Y1.74%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
With a Price/Earnings ratio of 17.17, ALEX is valued on the expensive side.
ALEX's Price/Earnings ratio is rather cheap when compared to the industry. ALEX is cheaper than 90.00% of the companies in the same industry.
ALEX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 26.10, which means the current valuation is very expensive for ALEX.
Based on the Price/Forward Earnings ratio, ALEX is valued cheaply inside the industry as 83.08% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ALEX to the average of the S&P500 Index (22.86), we can say ALEX is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 26.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ALEX is valued a bit more expensive than the industry average as 60.77% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, ALEX is valued a bit cheaper than the industry average as 70.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.48 | ||
| EV/EBITDA | 15.8 |
4.3 Compensation for Growth
The excellent profitability rating of ALEX may justify a higher PE ratio.
ALEX's earnings are expected to decrease with -2.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.77%, ALEX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.66, ALEX has a dividend in line with its industry peers.
ALEX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
5.2 History
The dividend of ALEX has a limited annual growth rate of 5.27%.
ALEX has been paying a dividend for at least 10 years, so it has 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
ALEX pays out 83.71% of its income as dividend. This is not a sustainable payout ratio.
ALEX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP83.71%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
18.37
-0.27 (-1.45%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners87.32%
Inst Owner Change-0.24%
Ins Owners0.72%
Ins Owner Change1.09%
Market Cap1.34B
Analysts82
Price Target21.68 (18.02%)
Short Float %1.34%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
Yearly Dividend0.9
Dividend Growth(5Y)5.27%
DP83.71%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)209.23%
Min EPS beat(2)89.54%
Max EPS beat(2)328.92%
EPS beat(4)4
Avg EPS beat(4)112.74%
Min EPS beat(4)11.11%
Max EPS beat(4)328.92%
EPS beat(8)6
Avg EPS beat(8)47.55%
EPS beat(12)9
Avg EPS beat(12)34.36%
EPS beat(16)11
Avg EPS beat(16)27.65%
Revenue beat(2)0
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)-1.22%
Revenue beat(4)2
Avg Revenue beat(4)10.02%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)24.65%
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)-12.12%
EPS NQ rev (3m)-3.33%
EPS NY rev (1m)15.44%
EPS NY rev (3m)9.03%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-2.02%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.17 | ||
| Fwd PE | 26.1 | ||
| P/S | 5.81 | ||
| P/FCF | 26.48 | ||
| P/OCF | 13.09 | ||
| P/B | 1.32 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 15.8 |
EPS(TTM)1.07
EY5.82%
EPS(NY)0.7
Fwd EY3.83%
FCF(TTM)0.69
FCFY3.78%
OCF(TTM)1.4
OCFY7.64%
SpS3.16
BVpS13.92
TBVpS13.8
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.7% | ||
| ROCE | 4.79% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.81% | ||
| ROICexgc | 3.83% | ||
| OM | 33.16% | ||
| PM (TTM) | 33.94% | ||
| GM | 45.92% | ||
| FCFM | 21.96% |
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%
ROICexcg growth 3Y1.17%
ROICexcg 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-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.92 | ||
| Debt/EBITDA | 3.96 | ||
| Cap/Depr | 137.36% | ||
| Cap/Sales | 22.47% | ||
| Interest Coverage | 3.34 | ||
| Cash Conversion | 89.72% | ||
| Profit Quality | 64.71% | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.88 |
F-Score7
WACC7.44%
ROIC/WACC0.51
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)62.12%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%169.23%
EPS Next Y-4.68%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue 1Y (TTM)5.6%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%1.28%
Revenue Next Year1.4%
Revenue Next 2Y1.74%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
EBIT growth 1Y-0.85%
EBIT growth 3Y-1.93%
EBIT growth 5Y17.06%
EBIT Next Year70.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y268.39%
FCF growth 3Y-12.59%
FCF growth 5YN/A
OCF growth 1Y140.28%
OCF growth 3Y-7.6%
OCF growth 5Y-9.07%