RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
21.51 USD
+0.07 (+0.33%)
22 USD
+0.49 (+2.28%)
Taking everything into account, RYN scores 7 out of 10 in our fundamental rating. RYN was compared to 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. RYN also has an excellent dividend rating. These ratings would make RYN suitable for dividend and quality investing!
1. Profitability
1.1 Basic Checks
In the past year RYN was profitable.
RYN had a positive operating cash flow in the past year.
Each year in the past 5 years RYN has been profitable.
Each year in the past 5 years RYN had a positive operating cash flow.
1.2 Ratios
RYN's Return On Assets of 22.21% is amongst the best of the industry. RYN outperforms 100.00% of its industry peers.
With an excellent Return On Equity value of 34.04%, RYN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
With an excellent Return On Invested Capital value of 9.84%, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
RYN had an Average Return On Invested Capital over the past 3 years of 6.20%. This is in line with the industry average of 4.78%.
The 3 year average ROIC (6.20%) for RYN is below the current ROIC(9.84%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.21% | ||
| ROE | 34.04% | ||
| ROIC | 9.84% |
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
The Profit Margin of RYN (70.94%) is better than 96.67% of its industry peers.
RYN's Profit Margin has improved in the last couple of years.
RYN has a Operating Margin (36.56%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of RYN has grown nicely.
With a Gross Margin value of 42.85%, RYN is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
RYN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.56% | ||
| PM (TTM) | 70.94% | ||
| GM | 42.85% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RYN is still creating some value.
RYN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for RYN has been increased compared to 5 years ago.
The debt/assets ratio for RYN has been reduced compared to a year ago.
2.2 Solvency
RYN has an Altman-Z score of 2.77. This is not the best score and indicates that RYN is in the grey zone with still only limited risk for bankruptcy at the moment.
RYN has a better Altman-Z score (2.77) than 96.67% of its industry peers.
RYN has a debt to FCF ratio of 4.93. This is a neutral value as RYN would need 4.93 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.93, RYN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
RYN has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of RYN (0.37) is better than 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Altman-Z | 2.77 |
ROIC/WACC1.36
WACC7.22%
2.3 Liquidity
RYN has a Current Ratio of 3.44. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.44, RYN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
A Quick Ratio of 3.39 indicates that RYN has no problem at all paying its short term obligations.
The Quick ratio of RYN (3.39) is better than 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 75.00% over the past year.
Measured over the past 5 years, RYN shows a small growth in Earnings Per Share. The EPS has been growing by 0.44% on average per year.
Looking at the last year, RYN shows a quite strong growth in Revenue. The Revenue has grown by 8.88% in the last year.
RYN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.16% yearly.
EPS 1Y (TTM)75%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%166.67%
Revenue 1Y (TTM)8.88%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
3.2 Future
The Earnings Per Share is expected to grow by 7.70% on average over the next years.
The Revenue is expected to decrease by -8.44% on average over the next years.
EPS Next Y-6.14%
EPS Next 2Y6.85%
EPS Next 3Y12.01%
EPS Next 5Y7.7%
Revenue Next Year-44.46%
Revenue Next 2Y-26.4%
Revenue Next 3Y-17.58%
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
The Price/Earnings ratio is 34.14, which means the current valuation is very expensive for RYN.
Compared to the rest of the industry, the Price/Earnings ratio of RYN is on the same level as its industry peers.
RYN's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.49.
RYN is valuated quite expensively with a Price/Forward Earnings ratio of 40.96.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RYN is on the same level as its industry peers.
RYN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.14 | ||
| Fwd PE | 40.96 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than RYN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, RYN is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.62 | ||
| EV/EBITDA | 6.67 |
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 12.01% in the coming years.
PEG (NY)N/A
PEG (5Y)77.5
EPS Next 2Y6.85%
EPS Next 3Y12.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.08%, RYN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.05, RYN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
5.2 History
The dividend of RYN has a limited annual growth rate of 4.39%.
RYN has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of RYN decreased in the last 3 years.
Dividend Growth(5Y)4.39%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
30.67% of the earnings are spent on dividend by RYN. This is a low number and sustainable payout ratio.
The dividend of RYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.67%
EPS Next 2Y6.85%
EPS Next 3Y12.01%
21.51
+0.07 (+0.33%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.93%
Inst Owner Change10.79%
Ins Owners0.43%
Ins Owner Change-0.85%
Market Cap3.31B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price Target30.26 (40.68%)
Short Float %3.51%
Short Ratio4.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
Yearly Dividend1.35
Dividend Growth(5Y)4.39%
DP30.67%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)44.03%
Min EPS beat(2)42.46%
Max EPS beat(2)45.6%
EPS beat(4)3
Avg EPS beat(4)0.1%
Min EPS beat(4)-131.18%
Max EPS beat(4)45.6%
EPS beat(8)5
Avg EPS beat(8)-7.95%
EPS beat(12)6
Avg EPS beat(12)-16.12%
EPS beat(16)10
Avg EPS beat(16)16.58%
Revenue beat(2)1
Avg Revenue beat(2)2.15%
Min Revenue beat(2)-5.27%
Max Revenue beat(2)9.57%
Revenue beat(4)2
Avg Revenue beat(4)48.48%
Min Revenue beat(4)-46.4%
Max Revenue beat(4)236.03%
Revenue beat(8)2
Avg Revenue beat(8)18.4%
Revenue beat(12)3
Avg Revenue beat(12)11.39%
Revenue beat(16)5
Avg Revenue beat(16)9.92%
PT rev (1m)-1.66%
PT rev (3m)-1.66%
EPS NQ rev (1m)-2.91%
EPS NQ rev (3m)-4.81%
EPS NY rev (1m)10.32%
EPS NY rev (3m)8.92%
Revenue NQ rev (1m)0.81%
Revenue NQ rev (3m)-3.49%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)-1.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.14 | ||
| Fwd PE | 40.96 | ||
| P/S | 3.03 | ||
| P/FCF | 15.62 | ||
| P/OCF | 11.31 | ||
| P/B | 1.45 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 6.67 |
EPS(TTM)0.63
EY2.93%
EPS(NY)0.53
Fwd EY2.44%
FCF(TTM)1.38
FCFY6.4%
OCF(TTM)1.9
OCFY8.84%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)77.5
Graham Number14.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.21% | ||
| ROE | 34.04% | ||
| ROCE | 12.45% | ||
| ROIC | 9.84% | ||
| ROICexc | 13.79% | ||
| ROICexgc | 13.79% | ||
| OM | 36.56% | ||
| PM (TTM) | 70.94% | ||
| GM | 42.85% | ||
| FCFM | 19.38% |
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 Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 70.03% | ||
| Cap/Sales | 7.39% | ||
| Interest Coverage | 14.46 | ||
| Cash Conversion | 56.83% | ||
| Profit Quality | 27.32% | ||
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.39 | ||
| Altman-Z | 2.77 |
F-Score8
WACC7.22%
ROIC/WACC1.36
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-6.14%
EPS Next 2Y6.85%
EPS Next 3Y12.01%
EPS Next 5Y7.7%
Revenue 1Y (TTM)8.88%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
Revenue Next Year-44.46%
Revenue Next 2Y-26.4%
Revenue Next 3Y-17.58%
Revenue Next 5Y-8.44%
EBIT growth 1Y92.44%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year136.58%
EBIT Next 3Y36.51%
EBIT Next 5Y20.57%
FCF growth 1Y175.48%
FCF growth 3Y31.45%
FCF growth 5Y81.84%
OCF growth 1Y9.11%
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 -6.14% 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 30.67%.