RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
22.01 USD
-0.02 (-0.09%)
22 USD
-0.01 (-0.05%)
Overall RYN gets a fundamental rating of 7 out of 10. We evaluated RYN 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 has a correct valuation and a medium growth rate. RYN also has an excellent dividend rating. These ratings could make RYN a good candidate 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.
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
The Return On Assets of RYN (22.21%) is better than 100.00% of its industry peers.
RYN has a Return On Equity of 34.04%. This is amongst the best in the industry. RYN outperforms 93.33% of its industry peers.
RYN's Return On Invested Capital of 9.84% is amongst the best of the industry. RYN outperforms 96.67% of its industry peers.
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
With an excellent Profit Margin value of 70.94%, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
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.
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.
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.
The number of shares outstanding for RYN remains at a similar level compared to 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 2.81. 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.
With an excellent Altman-Z score value of 2.81, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
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.
With an excellent Debt to FCF ratio value of 4.93, RYN belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that RYN is not too dependend on debt financing.
RYN has a better Debt to Equity ratio (0.37) than 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.35
WACC7.29%
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 Current ratio of 3.44. This is amongst the best in the industry. RYN outperforms 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
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.
RYN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.44% yearly.
RYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.88%.
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)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.
Based on estimates for the next years, RYN will show a decrease in Revenue. The Revenue will decrease by -8.44% on average per year.
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 34.94.
The rest of the industry has a similar Price/Earnings ratio as RYN.
RYN is valuated rather expensively when we compare the Price/Earnings ratio to 26.43, which is the current average of the S&P500 Index.
RYN is valuated quite expensively with a Price/Forward Earnings ratio of 41.91.
The rest of the industry has a similar Price/Forward Earnings ratio as RYN.
RYN is valuated expensively when we compare the Price/Forward Earnings ratio to 23.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.94 | ||
| Fwd PE | 41.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RYN is valued cheaper than 100.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, RYN is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.98 | ||
| EV/EBITDA | 6.82 |
4.3 Compensation for Growth
The excellent profitability rating of RYN 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)79.3
EPS Next 2Y6.85%
EPS Next 3Y12.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.95%, RYN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.65, RYN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.87, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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.
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 2Y6.85%
EPS Next 3Y12.01%
22.01
-0.02 (-0.09%)
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 Cap3.39B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price Target30.26 (37.48%)
Short Float %4.1%
Short Ratio4.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.95% |
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)0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.94 | ||
| Fwd PE | 41.91 | ||
| P/S | 3.1 | ||
| P/FCF | 15.98 | ||
| P/OCF | 11.57 | ||
| P/B | 1.49 | ||
| P/tB | 1.49 | ||
| EV/EBITDA | 6.82 |
EPS(TTM)0.63
EY2.86%
EPS(NY)0.53
Fwd EY2.39%
FCF(TTM)1.38
FCFY6.26%
OCF(TTM)1.9
OCFY8.64%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)79.3
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 | 2.81 |
F-Score8
WACC7.29%
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%.