MATSON INC (MATX) Stock Fundamental Analysis
NYSE:MATX - New York Stock Exchange, Inc. - US57686G1058 - Common Stock - Currency: USD
Overall MATX gets a fundamental rating of 6 out of 10. We evaluated MATX against 31 industry peers in the Marine Transportation industry. Both the health and profitability get an excellent rating, making MATX a very profitable company, without any liquidiy or solvency issues. MATX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MATX had positive earnings in the past year.
MATX had a positive operating cash flow in the past year.
In the past 5 years MATX has always been profitable.
In the past 5 years MATX always reported a positive cash flow from operatings.
1.2 Ratios
MATX's Return On Assets of 10.37% is fine compared to the rest of the industry. MATX outperforms 77.42% of its industry peers.
The Return On Equity of MATX (17.96%) is better than 83.87% of its industry peers.
MATX's Return On Invested Capital of 10.89% is amongst the best of the industry. MATX outperforms 80.65% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MATX is significantly above the industry average of 8.92%.
The last Return On Invested Capital (10.89%) for MATX is well below the 3 year average (15.04%), which needs to be investigated, but indicates that MATX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.37% | ||
| ROE | 17.96% | ||
| ROIC | 10.89% |
ROA(3y)13.95%
ROA(5y)14.72%
ROE(3y)25.55%
ROE(5y)30.47%
ROIC(3y)15.04%
ROIC(5y)16.56%
1.3 Margins
MATX has a Profit Margin (13.92%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of MATX has grown nicely.
MATX has a Operating Margin of 16.14%. This is in the lower half of the industry: MATX underperforms 61.29% of its industry peers.
In the last couple of years the Operating Margin of MATX has grown nicely.
The Gross Margin of MATX (25.01%) is worse than 80.65% of its industry peers.
MATX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.14% | ||
| PM (TTM) | 13.92% | ||
| GM | 25.01% |
OM growth 3Y-17.57%
OM growth 5Y26.84%
PM growth 3Y-16.16%
PM growth 5Y29.97%
GM growth 3Y-10.46%
GM growth 5Y11.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MATX is creating value.
MATX has less shares outstanding than it did 1 year ago.
MATX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MATX has been reduced compared to a year ago.
2.2 Solvency
MATX has an Altman-Z score of 2.82. This is not the best score and indicates that MATX is in the grey zone with still only limited risk for bankruptcy at the moment.
MATX has a better Altman-Z score (2.82) than 87.10% of its industry peers.
MATX has a debt to FCF ratio of 0.85. This is a very positive value and a sign of high solvency as it would only need 0.85 years to pay back of all of its debts.
MATX has a Debt to FCF ratio of 0.85. This is amongst the best in the industry. MATX outperforms 90.32% of its industry peers.
MATX has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.13, MATX belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.85 | ||
| Altman-Z | 2.82 |
ROIC/WACC1.34
WACC8.15%
2.3 Liquidity
A Current Ratio of 1.09 indicates that MATX should not have too much problems paying its short term obligations.
MATX has a worse Current ratio (1.09) than 64.52% of its industry peers.
A Quick Ratio of 1.09 indicates that MATX should not have too much problems paying its short term obligations.
MATX's Quick ratio of 1.09 is in line compared to the rest of the industry. MATX outperforms 41.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
MATX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.54%, which is quite impressive.
Measured over the past years, MATX shows a very strong growth in Earnings Per Share. The EPS has been growing by 48.87% on average per year.
MATX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.57%.
Measured over the past years, MATX shows a quite strong growth in Revenue. The Revenue has been growing by 9.21% on average per year.
EPS 1Y (TTM)67.54%
EPS 3Y-13.4%
EPS 5Y48.87%
EPS Q2Q%113.48%
Revenue 1Y (TTM)10.57%
Revenue growth 3Y-4.47%
Revenue growth 5Y9.21%
Sales Q2Q%12.85%
3.2 Future
The Earnings Per Share is expected to decrease by -17.45% on average over the next years. This is quite bad
Based on estimates for the next years, MATX will show a decrease in Revenue. The Revenue will decrease by -0.29% on average per year.
EPS Next Y-16.36%
EPS Next 2Y-17.45%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.7%
Revenue Next 2Y-0.29%
Revenue Next 3YN/A
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
MATX is valuated cheaply with a Price/Earnings ratio of 6.86.
MATX's Price/Earnings is on the same level as the industry average.
MATX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.33.
With a Price/Forward Earnings ratio of 8.20, the valuation of MATX can be described as very reasonable.
MATX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MATX is cheaper than 61.29% of the companies in the same industry.
MATX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.86 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
MATX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, MATX is valued a bit cheaper than the industry average as 67.74% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.91 | ||
| EV/EBITDA | 4.57 |
4.3 Compensation for Growth
The decent profitability rating of MATX may justify a higher PE ratio.
MATX's earnings are expected to decrease with -17.45% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.14
EPS Next 2Y-17.45%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MATX has a Yearly Dividend Yield of 1.38%. Purely for dividend investing, there may be better candidates out there.
The stock price of MATX dropped by -29.38% 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.
MATX's Dividend Yield is comparable with the industry average which is at 43.51.
Compared to an average S&P500 Dividend Yield of 2.51, MATX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.38% |
5.2 History
On average, the dividend of MATX grows each year by 8.87%, which is quite nice.
MATX has been paying a dividend for at least 10 years, so it has a reliable track record.
MATX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.87%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
MATX pays out 9.40% of its income as dividend. This is a sustainable payout ratio.
DP9.4%
EPS Next 2Y-17.45%
EPS Next 3YN/A
96.27
+1.77 (+1.87%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners87.73%
Inst Owner Change0.71%
Ins Owners1.81%
Ins Owner Change3.27%
Market Cap3.16B
Analysts80
Price Target170.85 (77.47%)
Short Float %3.65%
Short Ratio4.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.38% |
Yearly Dividend1.33
Dividend Growth(5Y)8.87%
DP9.4%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.56%
Min EPS beat(2)11.43%
Max EPS beat(2)21.7%
EPS beat(4)3
Avg EPS beat(4)9.8%
Min EPS beat(4)-1.96%
Max EPS beat(4)21.7%
EPS beat(8)7
Avg EPS beat(8)12.52%
EPS beat(12)9
Avg EPS beat(12)9.55%
EPS beat(16)13
Avg EPS beat(16)15.69%
Revenue beat(2)1
Avg Revenue beat(2)0.07%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)2.47%
Revenue beat(4)1
Avg Revenue beat(4)-1%
Min Revenue beat(4)-3.08%
Max Revenue beat(4)2.47%
Revenue beat(8)3
Avg Revenue beat(8)0.07%
Revenue beat(12)4
Avg Revenue beat(12)-0.19%
Revenue beat(16)8
Avg Revenue beat(16)3.38%
PT rev (1m)0%
PT rev (3m)11.3%
EPS NQ rev (1m)-0.31%
EPS NQ rev (3m)33.2%
EPS NY rev (1m)10.99%
EPS NY rev (3m)15.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.86 | ||
| Fwd PE | 8.2 | ||
| P/S | 0.92 | ||
| P/FCF | 6.91 | ||
| P/OCF | 4.12 | ||
| P/B | 1.19 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 4.57 |
EPS(TTM)14.04
EY14.58%
EPS(NY)11.74
Fwd EY12.2%
FCF(TTM)13.94
FCFY14.48%
OCF(TTM)23.39
OCFY24.29%
SpS104.23
BVpS80.78
TBVpS65.94
PEG (NY)N/A
PEG (5Y)0.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.37% | ||
| ROE | 17.96% | ||
| ROCE | 13.69% | ||
| ROIC | 10.89% | ||
| ROICexc | 11.66% | ||
| ROICexgc | 13.39% | ||
| OM | 16.14% | ||
| PM (TTM) | 13.92% | ||
| GM | 25.01% | ||
| FCFM | 13.38% |
ROA(3y)13.95%
ROA(5y)14.72%
ROE(3y)25.55%
ROE(5y)30.47%
ROIC(3y)15.04%
ROIC(5y)16.56%
ROICexc(3y)16.03%
ROICexc(5y)17.75%
ROICexgc(3y)18.63%
ROICexgc(5y)21.22%
ROCE(3y)18.9%
ROCE(5y)20.81%
ROICexcg growth 3Y-30.16%
ROICexcg growth 5Y23.61%
ROICexc growth 3Y-28.69%
ROICexc growth 5Y26.44%
OM growth 3Y-17.57%
OM growth 5Y26.84%
PM growth 3Y-16.16%
PM growth 5Y29.97%
GM growth 3Y-10.46%
GM growth 5Y11.13%
F-Score9
Asset Turnover0.74
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.13 | ||
| Debt/FCF | 0.85 | ||
| Debt/EBITDA | 0.5 | ||
| Cap/Depr | 202.55% | ||
| Cap/Sales | 9.06% | ||
| Interest Coverage | 93.61 | ||
| Cash Conversion | 108.85% | ||
| Profit Quality | 96.07% | ||
| Current Ratio | 1.09 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 2.82 |
F-Score9
WACC8.15%
ROIC/WACC1.34
Cap/Depr(3y)174.66%
Cap/Depr(5y)186.14%
Cap/Sales(3y)7.32%
Cap/Sales(5y)7.66%
Profit Quality(3y)94.67%
Profit Quality(5y)95.61%
High Growth Momentum
Growth
EPS 1Y (TTM)67.54%
EPS 3Y-13.4%
EPS 5Y48.87%
EPS Q2Q%113.48%
EPS Next Y-16.36%
EPS Next 2Y-17.45%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.57%
Revenue growth 3Y-4.47%
Revenue growth 5Y9.21%
Sales Q2Q%12.85%
Revenue Next Year0.7%
Revenue Next 2Y-0.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y62.16%
EBIT growth 3Y-21.26%
EBIT growth 5Y38.52%
EBIT Next Year22.98%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y74.63%
FCF growth 3Y-11.43%
FCF growth 5YN/A
OCF growth 1Y50.4%
OCF growth 3Y-7.94%
OCF growth 5Y25.28%