ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ALEX - US0144911049 - REIT
15.22 USD
-0.09 (-0.59%)
15.2075 USD
-0.01 (-0.08%)
Overall ALEX gets a fundamental rating of 5 out of 10. We evaluated ALEX against 128 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
ALEX had positive earnings in the past year.
ALEX had a positive operating cash flow in the past year.
ALEX had positive earnings in 4 of the past 5 years.
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 4.40%, ALEX belongs to the top of the industry, outperforming 88.28% of the companies in the same industry.
With a decent Return On Equity value of 7.21%, ALEX is doing good in the industry, outperforming 78.13% of the companies in the same industry.
The Return On Invested Capital of ALEX (3.57%) is better than 66.41% 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 3.05%.
The last Return On Invested Capital (3.57%) for ALEX is above the 3 year average (3.24%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.4% | ||
| ROE | 7.21% | ||
| ROIC | 3.57% |
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 33.42%, ALEX belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
ALEX's Profit Margin has improved in the last couple of years.
ALEX has a better Operating Margin (32.59%) than 64.84% of its industry peers.
ALEX's Operating Margin has improved in the last couple of years.
The Gross Margin of ALEX (45.27%) is worse than 79.69% of its industry peers.
In the last couple of years the Gross Margin of ALEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.59% | ||
| PM (TTM) | 33.42% | ||
| 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.
Compared to 1 year ago, ALEX has more shares outstanding
ALEX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ALEX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.61, we must say that ALEX is in the distress zone and has some risk of bankruptcy.
ALEX has a Altman-Z score of 0.61. This is comparable to the rest of the industry: ALEX outperforms 56.25% of its industry peers.
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 89.84% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that ALEX is not too dependend on debt financing.
The Debt to Equity ratio of ALEX (0.47) is better than 89.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 10.53 | ||
| Altman-Z | 0.61 |
ROIC/WACC0.49
WACC7.27%
2.3 Liquidity
A Current Ratio of 0.78 indicates that ALEX may have some problems paying its short term obligations.
The Current ratio of ALEX (0.78) is comparable to the rest of the industry.
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
ALEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 62.90%, 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.
Looking at the last year, ALEX shows a decrease in Revenue. The Revenue has decreased by -3.94% in the last year.
ALEX shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -11.47% yearly.
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
The Earnings Per Share is expected to decrease by -3.94% on average over the next years.
The Revenue is expected to grow by 1.31% on average over the next years.
EPS Next Y16.57%
EPS Next 2Y-9.8%
EPS Next 3Y-3.94%
EPS Next 5YN/A
Revenue Next Year1%
Revenue Next 2Y1.29%
Revenue Next 3Y1.31%
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
With a Price/Earnings ratio of 15.07, ALEX is valued correctly.
Based on the Price/Earnings ratio, ALEX is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.49. ALEX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 22.27, ALEX is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ALEX indicates a rather cheap valuation: ALEX is cheaper than 90.63% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, ALEX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 22.27 |
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.
71.88% of the companies in the same industry are more expensive than ALEX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.54 | ||
| EV/EBITDA | 14.32 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of ALEX may justify a higher PE ratio.
A cheap valuation may be justified as ALEX's earnings are expected to decrease with -3.94% in the coming years.
PEG (NY)0.91
PEG (5Y)0.42
EPS Next 2Y-9.8%
EPS Next 3Y-3.94%
5. Dividend
5.1 Amount
ALEX has a Yearly Dividend Yield of 5.88%, which is a nice return.
The stock price of ALEX dropped by -21.71% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.59, ALEX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, ALEX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.88% |
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
89.83% of the earnings are spent on dividend by ALEX. 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.
DP89.83%
EPS Next 2Y-9.8%
EPS Next 3Y-3.94%
15.22
-0.09 (-0.59%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners88.92%
Inst Owner Change0.25%
Ins Owners0.53%
Ins Owner Change-0.29%
Market Cap1.11B
Revenue(TTM)218.14M
Net Income(TTM)72.90M
Analysts82
Price Target21.04 (38.24%)
Short Float %1.33%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.88% |
Yearly Dividend0.9
Dividend Growth(5Y)5.27%
DP89.83%
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)-2.94%
PT rev (3m)-2.94%
EPS NQ rev (1m)-3.7%
EPS NQ rev (3m)-13.33%
EPS NY rev (1m)6.67%
EPS NY rev (3m)22.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.35%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 22.27 | ||
| P/S | 5.08 | ||
| P/FCF | 24.54 | ||
| P/OCF | 12.13 | ||
| P/B | 1.09 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 14.32 |
EPS(TTM)1.01
EY6.64%
EPS(NY)0.68
Fwd EY4.49%
FCF(TTM)0.62
FCFY4.08%
OCF(TTM)1.25
OCFY8.24%
SpS3
BVpS13.9
TBVpS13.78
PEG (NY)0.91
PEG (5Y)0.42
Graham Number17.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.4% | ||
| ROE | 7.21% | ||
| ROCE | 4.52% | ||
| ROIC | 3.57% | ||
| ROICexc | 3.61% | ||
| ROICexgc | 3.63% | ||
| OM | 32.59% | ||
| PM (TTM) | 33.42% | ||
| 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 | 4.35 | ||
| Cap/Depr | 120.65% | ||
| Cap/Sales | 21.15% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 83.48% | ||
| Profit Quality | 61.91% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z | 0.61 |
F-Score5
WACC7.27%
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 Y16.57%
EPS Next 2Y-9.8%
EPS Next 3Y-3.94%
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 Year1%
Revenue Next 2Y1.29%
Revenue Next 3Y1.31%
Revenue Next 5YN/A
EBIT growth 1Y-12.53%
EBIT growth 3Y-1.93%
EBIT growth 5Y17.06%
EBIT Next Year72.67%
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 15.07 and the Price/Book (PB) ratio is 1.09.
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 16.57% in the next year.