RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
22.21 USD
+0.28 (+1.28%)
22.21 USD
0 (0%)
RYN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. RYN gets an excellent profitability rating and is at the same time showing great financial health properties. RYN is not valued too expensively and it also shows a decent growth rate. Finally RYN also has an excellent dividend rating. This makes RYN very considerable for dividend and quality investing!
1. Profitability
1.1 Basic Checks
RYN had positive earnings in the past year.
RYN had a positive operating cash flow in the past year.
RYN had positive earnings in each of the past 5 years.
RYN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RYN's Return On Assets of 21.66% is amongst the best of the industry. RYN outperforms 100.00% of its industry peers.
The Return On Equity of RYN (33.06%) is better than 93.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.45%, RYN belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for RYN is in line with the industry average of 4.77%.
The last Return On Invested Capital (9.45%) for RYN is above the 3 year average (6.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.66% | ||
| ROE | 33.06% | ||
| ROIC | 9.45% |
ROA(3y)5.97%
ROA(5y)4.62%
ROE(3y)11.79%
ROE(5y)9.3%
ROIC(3y)6.2%
ROIC(5y)5.32%
1.3 Margins
RYN has a Profit Margin of 68.53%. This is amongst the best in the industry. RYN outperforms 93.33% of its industry peers.
RYN's Profit Margin has improved in the last couple of years.
RYN's Operating Margin of 34.89% is in line compared to the rest of the industry. RYN outperforms 56.67% of its industry peers.
In the last couple of years the Operating Margin of RYN has grown nicely.
RYN has a worse Gross Margin (41.23%) than 76.67% of its industry peers.
In the last couple of years the Gross Margin of RYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.89% | ||
| PM (TTM) | 68.53% | ||
| GM | 41.23% |
OM growth 3Y11.53%
OM growth 5Y15.6%
PM growth 3Y27.41%
PM growth 5Y27.91%
GM growth 3Y10.25%
GM growth 5Y11.95%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RYN is creating some value.
Compared to 1 year ago, RYN has about the same amount of shares outstanding.
The number of shares outstanding for RYN has been increased compared to 5 years ago.
Compared to 1 year ago, RYN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.80 indicates that RYN is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.80, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
RYN has a debt to FCF ratio of 6.76. This is a slightly negative value and a sign of low solvency as RYN would need 6.76 years to pay back of all of its debts.
RYN has a Debt to FCF ratio of 6.76. This is amongst the best in the industry. RYN outperforms 86.67% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that RYN is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.37, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Altman-Z | 2.8 |
ROIC/WACC1.33
WACC7.1%
2.3 Liquidity
RYN has a Current Ratio of 3.50. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of RYN (3.50) is better than 93.33% of its industry peers.
A Quick Ratio of 3.38 indicates that RYN has no problem at all paying its short term obligations.
RYN has a better Quick ratio (3.38) than 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
RYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.00%, which is quite impressive.
The Earnings Per Share has been growing slightly by 0.44% on average over the past years.
RYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.50%.
Measured over the past years, RYN shows a quite strong growth in Revenue. The Revenue has been growing by 12.16% on average per year.
EPS 1Y (TTM)75%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%166.67%
Revenue 1Y (TTM)19.5%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
3.2 Future
Based on estimates for the next years, RYN will show a small growth in Earnings Per Share. The EPS will grow by 7.70% on average per year.
The Revenue is expected to decrease by -8.44% on average over the next years.
EPS Next Y-14.92%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
EPS Next 5Y7.7%
Revenue Next Year-45.15%
Revenue Next 2Y-24.83%
Revenue Next 3Y-16.21%
Revenue Next 5Y-8.44%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 35.25, RYN can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of RYN is on the same level as its industry peers.
When comparing the Price/Earnings ratio of RYN to the average of the S&P500 Index (26.31), we can say RYN is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 39.80, the valuation of RYN can be described as expensive.
RYN's Price/Forward Earnings ratio is in line with the industry average.
RYN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.25 | ||
| Fwd PE | 39.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RYN indicates a rather cheap valuation: RYN is cheaper than 100.00% of the companies listed in the same industry.
66.67% of the companies in the same industry are more expensive than RYN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.1 | ||
| EV/EBITDA | 7.03 |
4.3 Compensation for Growth
RYN has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as RYN's earnings are expected to grow with 14.48% in the coming years.
PEG (NY)N/A
PEG (5Y)80.02
EPS Next 2Y10.14%
EPS Next 3Y14.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.07%, RYN is a good candidate for dividend investing.
RYN's Dividend Yield is comparable with the industry average which is at 6.15.
Compared to an average S&P500 Dividend Yield of 2.40, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.07% |
5.2 History
The dividend of RYN has a limited annual growth rate of 4.39%.
RYN has paid a dividend for at least 10 years, which is a reliable track record.
RYN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)4.39%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
RYN pays out 31.31% of its income as dividend. This is a sustainable payout ratio.
RYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP31.31%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
22.21
+0.28 (+1.28%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.88%
Inst Owner Change10.79%
Ins Owners0.44%
Ins Owner Change-0.85%
Market Cap3.42B
Revenue(TTM)1.26B
Net Income(TTM)761.17M
Analysts71.11
Price Target30.26 (36.24%)
Short Float %2.88%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.07% |
Yearly Dividend1.35
Dividend Growth(5Y)4.39%
DP31.31%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-42.79%
Min EPS beat(2)-131.18%
Max EPS beat(2)45.6%
EPS beat(4)2
Avg EPS beat(4)-12.49%
Min EPS beat(4)-131.18%
Max EPS beat(4)45.6%
EPS beat(8)5
Avg EPS beat(8)-11.72%
EPS beat(12)6
Avg EPS beat(12)-16.38%
EPS beat(16)10
Avg EPS beat(16)31.79%
Revenue beat(2)0
Avg Revenue beat(2)-25.83%
Min Revenue beat(2)-46.4%
Max Revenue beat(2)-5.27%
Revenue beat(4)1
Avg Revenue beat(4)43.98%
Min Revenue beat(4)-46.4%
Max Revenue beat(4)236.03%
Revenue beat(8)1
Avg Revenue beat(8)16.69%
Revenue beat(12)2
Avg Revenue beat(12)9.4%
Revenue beat(16)5
Avg Revenue beat(16)12.62%
PT rev (1m)-1.66%
PT rev (3m)-0.56%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)-7.33%
EPS NY rev (1m)-0.64%
EPS NY rev (3m)-1.27%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)5.97%
Revenue NY rev (1m)-1.06%
Revenue NY rev (3m)-2.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.25 | ||
| Fwd PE | 39.8 | ||
| P/S | 3.08 | ||
| P/FCF | 22.1 | ||
| P/OCF | 14.09 | ||
| P/B | 1.48 | ||
| P/tB | 1.48 | ||
| EV/EBITDA | 7.03 |
EPS(TTM)0.63
EY2.84%
EPS(NY)0.56
Fwd EY2.51%
FCF(TTM)1
FCFY4.52%
OCF(TTM)1.58
OCFY7.1%
SpS7.22
BVpS14.96
TBVpS14.96
PEG (NY)N/A
PEG (5Y)80.02
Graham Number14.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.66% | ||
| ROE | 33.06% | ||
| ROCE | 11.96% | ||
| ROIC | 9.45% | ||
| ROICexc | 13.04% | ||
| ROICexgc | 13.04% | ||
| OM | 34.89% | ||
| PM (TTM) | 68.53% | ||
| GM | 41.23% | ||
| FCFM | 13.92% |
ROA(3y)5.97%
ROA(5y)4.62%
ROE(3y)11.79%
ROE(5y)9.3%
ROIC(3y)6.2%
ROIC(5y)5.32%
ROICexc(3y)6.74%
ROICexc(5y)5.79%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.85%
ROCE(5y)6.73%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y20.25%
ROICexc growth 5Y28.5%
OM growth 3Y11.53%
OM growth 5Y15.6%
PM growth 3Y27.41%
PM growth 5Y27.91%
GM growth 3Y10.25%
GM growth 5Y11.95%
F-Score8
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Debt/EBITDA | 1.68 | ||
| Cap/Depr | 77.21% | ||
| Cap/Sales | 7.92% | ||
| Interest Coverage | 12.04 | ||
| Cash Conversion | 48.38% | ||
| Profit Quality | 20.32% | ||
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 | ||
| Altman-Z | 2.8 |
F-Score8
WACC7.1%
ROIC/WACC1.33
Cap/Depr(3y)165.15%
Cap/Depr(5y)142.91%
Cap/Sales(3y)25.27%
Cap/Sales(5y)21.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)75%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%166.67%
EPS Next Y-14.92%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
EPS Next 5Y7.7%
Revenue 1Y (TTM)19.5%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
Revenue Next Year-45.15%
Revenue Next 2Y-24.83%
Revenue Next 3Y-16.21%
Revenue Next 5Y-8.44%
EBIT growth 1Y80.15%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year120.29%
EBIT Next 3Y36.51%
EBIT Next 5Y20.57%
FCF growth 1Y151.74%
FCF growth 3Y31.45%
FCF growth 5Y81.84%
OCF growth 1Y-1.75%
OCF growth 3Y-6.99%
OCF growth 5Y4.07%
RAYONIER INC / RYN FAQ
Can you provide the ChartMill fundamental rating for RAYONIER INC?
ChartMill assigns a fundamental rating of 7 / 10 to RYN.
Can you provide the valuation status for RAYONIER INC?
ChartMill assigns a valuation rating of 4 / 10 to RAYONIER INC (RYN). This can be considered as Fairly Valued.
How profitable is RAYONIER INC (RYN) stock?
RAYONIER INC (RYN) has a profitability rating of 8 / 10.
What is the earnings growth outlook for RAYONIER INC?
The Earnings per Share (EPS) of RAYONIER INC (RYN) is expected to decline by -14.92% in the next year.
Is the dividend of RAYONIER INC sustainable?
The dividend rating of RAYONIER INC (RYN) is 7 / 10 and the dividend payout ratio is 31.31%.