RAYONIER INC (RYN) Stock Fundamental Analysis
USA - NYSE:RYN - US7549071030 - REIT
23.03 USD
+0.6 (+2.67%)
22.75 USD
-0.28 (-1.22%)
RYN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals 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. These ratings would make RYN suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year RYN was profitable.
In the past year RYN had a positive cash flow from operations.
Each year in the past 5 years RYN has been profitable.
RYN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 21.66%, RYN belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
RYN's Return On Equity of 33.06% is amongst the best of the industry. RYN outperforms 93.33% of its industry peers.
RYN's Return On Invested Capital of 9.45% 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 4.77%.
The last Return On Invested Capital (9.45%) for RYN is above the 3 year average (6.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.66% | ||
| ROE | 33.06% | ||
| ROIC | 9.45% |
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 68.53%, RYN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
RYN's Profit Margin has improved in the last couple of years.
RYN has a Operating Margin (34.89%) which is in line with its industry peers.
RYN's Operating Margin has improved in the last couple of years.
RYN's Gross Margin of 41.23% is on the low side compared to the rest of the industry. RYN is outperformed by 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 | 34.89% | ||
| PM (TTM) | 68.53% | ||
| GM | 41.23% |
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.
Compared to 5 years ago, RYN has more shares outstanding
Compared to 1 year ago, RYN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.89 indicates that RYN is not a great score, but indicates only limited risk for bankruptcy at the moment.
RYN's Altman-Z score of 2.89 is amongst the best of the industry. RYN outperforms 96.67% of its industry peers.
RYN has a debt to FCF ratio of 6.76. This is a slightly negative value and a sign of low solvency as RYN would need 6.76 years to pay back of all of its debts.
RYN has a Debt to FCF ratio of 6.76. This is amongst the best in the industry. RYN outperforms 86.67% 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 | 6.76 | ||
| Altman-Z | 2.89 |
ROIC/WACC1.31
WACC7.21%
2.3 Liquidity
A Current Ratio of 3.50 indicates that RYN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.50, RYN belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
A Quick Ratio of 3.38 indicates that RYN has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.38, RYN belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 |
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.
RYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.50%.
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)19.5%
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-14.92%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
EPS Next 5Y7.7%
Revenue Next Year-45.15%
Revenue Next 2Y-24.83%
Revenue Next 3Y-16.21%
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.
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 36.56, 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 is valuated rather expensively when we compare the Price/Earnings ratio to 26.06, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 41.27, the valuation of RYN can be described as expensive.
RYN's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of RYN to the average of the S&P500 Index (32.73), we can say RYN is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.56 | ||
| Fwd PE | 41.27 |
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.
Based on the Price/Free Cash Flow ratio, RYN is valued a bit cheaper than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.92 | ||
| EV/EBITDA | 7.37 |
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 14.48% in the coming years.
PEG (NY)N/A
PEG (5Y)82.98
EPS Next 2Y10.14%
EPS Next 3Y14.48%
5. Dividend
5.1 Amount
RYN has a Yearly Dividend Yield of 4.73%, which is a nice return.
RYN's Dividend Yield is slightly below the industry average, which is at 6.25.
Compared to an average S&P500 Dividend Yield of 2.36, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
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 31.31% 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.
DP31.31%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
23.03
+0.6 (+2.67%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.88%
Inst Owner Change-1.41%
Ins Owners0.44%
Ins Owner Change2.91%
Market Cap3.54B
Revenue(TTM)1.26B
Net Income(TTM)761.17M
Analysts71.11
Price Target30.77 (33.61%)
Short Float %2.48%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.73% |
Yearly Dividend1.35
Dividend Growth(5Y)4.39%
DP31.31%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-42.79%
Min EPS beat(2)-131.18%
Max EPS beat(2)45.6%
EPS beat(4)2
Avg EPS beat(4)-12.49%
Min EPS beat(4)-131.18%
Max EPS beat(4)45.6%
EPS beat(8)5
Avg EPS beat(8)-11.72%
EPS beat(12)6
Avg EPS beat(12)-16.38%
EPS beat(16)10
Avg EPS beat(16)31.79%
Revenue beat(2)0
Avg Revenue beat(2)-25.83%
Min Revenue beat(2)-46.4%
Max Revenue beat(2)-5.27%
Revenue beat(4)1
Avg Revenue beat(4)43.98%
Min Revenue beat(4)-46.4%
Max Revenue beat(4)236.03%
Revenue beat(8)1
Avg Revenue beat(8)16.69%
Revenue beat(12)2
Avg Revenue beat(12)9.4%
Revenue beat(16)5
Avg Revenue beat(16)12.62%
PT rev (1m)0%
PT rev (3m)1.12%
EPS NQ rev (1m)12.48%
EPS NQ rev (3m)36.29%
EPS NY rev (1m)-3.12%
EPS NY rev (3m)-5.95%
Revenue NQ rev (1m)3.97%
Revenue NQ rev (3m)12.19%
Revenue NY rev (1m)-1.06%
Revenue NY rev (3m)-8.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.56 | ||
| Fwd PE | 41.27 | ||
| P/S | 3.19 | ||
| P/FCF | 22.92 | ||
| P/OCF | 14.61 | ||
| P/B | 1.54 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 7.37 |
EPS(TTM)0.63
EY2.74%
EPS(NY)0.56
Fwd EY2.42%
FCF(TTM)1
FCFY4.36%
OCF(TTM)1.58
OCFY6.85%
SpS7.22
BVpS14.96
TBVpS14.96
PEG (NY)N/A
PEG (5Y)82.98
Graham Number14.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 21.66% | ||
| ROE | 33.06% | ||
| ROCE | 11.96% | ||
| ROIC | 9.45% | ||
| ROICexc | 13.04% | ||
| ROICexgc | 13.04% | ||
| OM | 34.89% | ||
| PM (TTM) | 68.53% | ||
| GM | 41.23% | ||
| FCFM | 13.92% |
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 Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Debt/EBITDA | 1.68 | ||
| Cap/Depr | 77.21% | ||
| Cap/Sales | 7.92% | ||
| Interest Coverage | 12.04 | ||
| Cash Conversion | 48.38% | ||
| Profit Quality | 20.32% | ||
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 | ||
| Altman-Z | 2.89 |
F-Score8
WACC7.21%
ROIC/WACC1.31
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-14.92%
EPS Next 2Y10.14%
EPS Next 3Y14.48%
EPS Next 5Y7.7%
Revenue 1Y (TTM)19.5%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
Revenue Next Year-45.15%
Revenue Next 2Y-24.83%
Revenue Next 3Y-16.21%
Revenue Next 5Y-8.44%
EBIT growth 1Y80.15%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year120.29%
EBIT Next 3Y36.51%
EBIT Next 5Y20.57%
FCF growth 1Y151.74%
FCF growth 3Y31.45%
FCF growth 5Y81.84%
OCF growth 1Y-1.75%
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 -14.92% 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 31.31%.