RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
21.82 USD
-0.42 (-1.89%)
21.82 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to RYN. RYN was compared to 30 industry peers in the Specialized REITs industry. RYN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. RYN is not valued too expensively and it also shows a decent growth rate. Finally 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.
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 has a Return On Assets of 22.21%. This is amongst the best in the industry. RYN outperforms 100.00% of its industry peers.
RYN has a better Return On Equity (34.04%) than 93.33% of its industry peers.
RYN has a Return On Invested Capital of 9.84%. This is amongst the best in the industry. RYN outperforms 96.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RYN is in line with the industry average of 4.86%.
The last Return On Invested Capital (9.84%) for RYN is above the 3 year average (6.20%), which is a sign of increasing profitability.
| 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.
In the last couple of years the Profit Margin of RYN has grown nicely.
RYN has a Operating Margin (36.56%) which is in line with its industry peers.
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: 73.33% 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.
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
RYN has an Altman-Z score of 2.80. 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 (2.80) 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 | 2.8 |
ROIC/WACC1.33
WACC7.4%
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.
RYN has a better Current ratio (3.44) than 93.33% of its industry peers.
RYN has a Quick Ratio of 3.39. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.39, RYN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
| 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.
The Revenue has been growing by 12.16% on average over the past years. This is quite good.
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
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.
RYN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.44% yearly.
EPS Next Y-1.2%
EPS Next 2Y7.36%
EPS Next 3Y12.01%
EPS Next 5Y7.7%
Revenue Next Year-43.9%
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
With a Price/Earnings ratio of 34.63, RYN can be considered very expensive at the moment.
RYN's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.17, RYN is valued a bit more expensive.
RYN is valuated quite expensively with a Price/Forward Earnings ratio of 41.15.
Compared to the rest of the industry, the Price/Forward Earnings ratio of RYN is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.79. RYN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 41.15 |
4.2 Price Multiples
RYN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. RYN is cheaper than 100.00% of the companies in the same industry.
80.00% 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 | 15.85 | ||
| EV/EBITDA | 6.76 |
4.3 Compensation for Growth
RYN has an outstanding profitability rating, which may justify a higher PE ratio.
RYN's earnings are expected to grow with 12.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)78.62
EPS Next 2Y7.36%
EPS Next 3Y12.01%
5. Dividend
5.1 Amount
RYN has a Yearly Dividend Yield of 5.03%, which is a nice return.
Compared to an average industry Dividend Yield of 5.69, RYN has a dividend in line with its industry peers.
RYN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
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 30.67% of its income as dividend. This is a sustainable payout ratio.
The dividend of RYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP30.67%
EPS Next 2Y7.36%
EPS Next 3Y12.01%
21.82
-0.42 (-1.89%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners89.72%
Inst Owner Change0%
Ins Owners0.42%
Ins Owner Change-0.85%
Market Cap3.36B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price Target29.58 (35.56%)
Short Float %4.06%
Short Ratio4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
Yearly Dividend1.35
Dividend Growth(5Y)4.39%
DP30.67%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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)-2.25%
PT rev (3m)-3.87%
EPS NQ rev (1m)-1.58%
EPS NQ rev (3m)-2.96%
EPS NY rev (1m)5.26%
EPS NY rev (3m)12.5%
Revenue NQ rev (1m)-0.89%
Revenue NQ rev (3m)-4.5%
Revenue NY rev (1m)1.02%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 41.15 | ||
| P/S | 3.07 | ||
| P/FCF | 15.85 | ||
| P/OCF | 11.47 | ||
| P/B | 1.47 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 6.76 |
EPS(TTM)0.63
EY2.89%
EPS(NY)0.53
Fwd EY2.43%
FCF(TTM)1.38
FCFY6.31%
OCF(TTM)1.9
OCFY8.72%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)78.62
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 | 2.8 |
F-Score8
WACC7.4%
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-1.2%
EPS Next 2Y7.36%
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-43.9%
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 Year141.86%
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.
What is the valuation status for RYN stock?
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 financial health of RAYONIER INC (RYN) stock?
The financial health rating of RAYONIER INC (RYN) is 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 -1.2% in the next year.