RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
21.7 USD
+0.25 (+1.17%)
22.0078 USD
+0.31 (+1.42%)
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. Both the health and profitability get an excellent rating, making RYN a very profitable company, without any liquidiy or solvency issues. RYN has a correct valuation and a medium 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
RYN had positive earnings in the past year.
RYN had a positive operating cash flow in the past year.
In the past 5 years RYN has always been profitable.
In the past 5 years RYN always reported a positive cash flow from operatings.
1.2 Ratios
RYN has a better Return On Assets (22.21%) than 100.00% of its industry peers.
RYN has a better Return On Equity (34.04%) than 93.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.84%, RYN belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RYN is in line with the industry average of 4.78%.
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
RYN's Profit Margin of 70.94% is amongst the best of the industry. RYN outperforms 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 of 36.56%. This is comparable to the rest of the industry: RYN outperforms 56.67% of its industry peers.
RYN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 42.85%, RYN is doing worse than 76.67% of the companies in the same industry.
In the last couple of years the Gross Margin of RYN has grown nicely.
| 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
RYN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for RYN has been reduced compared to a year ago.
2.2 Solvency
RYN has an Altman-Z score of 2.79. 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.
The Altman-Z score of RYN (2.79) is better than 96.67% of its industry peers.
The Debt to FCF ratio of RYN is 4.93, which is a neutral value as it means it would take RYN, 4.93 years of fcf income to pay off all of its debts.
RYN has a better Debt to FCF ratio (4.93) than 93.33% of its industry peers.
RYN has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
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 | 4.93 | ||
| Altman-Z | 2.79 |
ROIC/WACC1.35
WACC7.28%
2.3 Liquidity
A Current Ratio of 3.44 indicates that RYN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.44, RYN belongs to the best 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.
RYN has a Quick ratio of 3.39. This is amongst the best in the industry. RYN outperforms 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.
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
RYN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.70% yearly.
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
RYN is valuated quite expensively with a Price/Earnings ratio of 34.44.
The rest of the industry has a similar Price/Earnings ratio as RYN.
Compared to an average S&P500 Price/Earnings ratio of 26.50, RYN is valued a bit more expensive.
A Price/Forward Earnings ratio of 41.32 indicates a quite expensive valuation of RYN.
The rest of the industry has a similar Price/Forward Earnings ratio as RYN.
RYN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.93.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.44 | ||
| Fwd PE | 41.32 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RYN indicates a somewhat cheap valuation: RYN is cheaper than 80.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.76 | ||
| EV/EBITDA | 6.73 |
4.3 Compensation for Growth
The excellent profitability rating of RYN 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)78.19
EPS Next 2Y6.85%
EPS Next 3Y12.01%
5. Dividend
5.1 Amount
RYN has a Yearly Dividend Yield of 5.00%, which is a nice return.
RYN's Dividend Yield is comparable with the industry average which is at 5.78.
Compared to an average S&P500 Dividend Yield of 1.87, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
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.
RYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.67%
EPS Next 2Y6.85%
EPS Next 3Y12.01%
21.7
+0.25 (+1.17%)
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 Change10.78%
Ins Owners0.43%
Ins Owner Change-0.85%
Market Cap3.34B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price TargetN/A
Short Float %4.1%
Short Ratio4.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5% |
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)-1.58%
EPS NQ rev (3m)-6.32%
EPS NY rev (1m)10.32%
EPS NY rev (3m)8.92%
Revenue NQ rev (1m)-0.89%
Revenue NQ rev (3m)-4.35%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.44 | ||
| Fwd PE | 41.32 | ||
| P/S | 3.05 | ||
| P/FCF | 15.76 | ||
| P/OCF | 11.41 | ||
| P/B | 1.47 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 6.73 |
EPS(TTM)0.63
EY2.9%
EPS(NY)0.53
Fwd EY2.42%
FCF(TTM)1.38
FCFY6.35%
OCF(TTM)1.9
OCFY8.76%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)78.19
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 | 2.79 |
F-Score8
WACC7.28%
ROIC/WACC1.35
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%.