RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
22.3 USD
+0.79 (+3.67%)
22.3 USD
0 (0%)
Overall RYN gets a fundamental rating of 7 out of 10. We evaluated RYN against 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 is not valued too expensively and it also shows a decent 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
RYN had positive earnings in the past year.
In the past year RYN had a positive cash flow from operations.
RYN had positive earnings in each of the past 5 years.
Each year in the past 5 years RYN had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 22.21%, RYN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 34.04%, RYN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
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.
The Average Return On Invested Capital over the past 3 years for RYN 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
Looking at the Profit Margin, with a value of 70.94%, RYN belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
In the last couple of years the Profit Margin of RYN has grown nicely.
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.
RYN has a worse Gross Margin (42.85%) 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 | 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.
RYN has more shares outstanding than it did 5 years ago.
RYN has a better debt/assets ratio than last year.
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 Altman-Z score of 2.77. This is amongst the best in the industry. RYN outperforms 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.
RYN has a Debt to FCF ratio of 4.93. This is amongst the best in the industry. RYN outperforms 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.
RYN has a Debt to Equity ratio of 0.37. This is amongst the best in the industry. RYN outperforms 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Altman-Z | 2.77 |
ROIC/WACC1.35
WACC7.3%
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.
Looking at the Quick ratio, with a value of 3.39, RYN belongs to the top 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.
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 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
RYN is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.70% yearly.
RYN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -8.44% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 35.40, which means the current valuation is very expensive for RYN.
RYN's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.59. RYN is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 42.46 indicates a quite expensive valuation of RYN.
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 23.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.4 | ||
| Fwd PE | 42.46 |
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.
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 | 16.19 | ||
| EV/EBITDA | 6.67 |
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)80.35
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.
RYN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| 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%
22.3
+0.79 (+3.67%)
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 Cap3.43B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price Target30.26 (35.7%)
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 | 35.4 | ||
| Fwd PE | 42.46 | ||
| P/S | 3.14 | ||
| P/FCF | 16.19 | ||
| P/OCF | 11.73 | ||
| P/B | 1.51 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 6.67 |
EPS(TTM)0.63
EY2.83%
EPS(NY)0.53
Fwd EY2.36%
FCF(TTM)1.38
FCFY6.18%
OCF(TTM)1.9
OCFY8.53%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)80.35
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
WACC7.3%
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%.