RAYONIER INC (RYN)
US7549071030 - REIT
Overall RYN gets a fundamental rating of 5 out of 10. We evaluated RYN against 28 industry peers in the Specialized REITs industry. RYN has only an average score on both its financial health and profitability. While showing a medium growth rate, RYN is valued expensive at the moment.
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.
Each year in the past 5 years RYN has been profitable.
Each year in the past 5 years RYN had a positive operating cash flow.
1.2 Ratios
RYN has a better Return On Assets (4.57%) than 75.00% of its industry peers.
Looking at the Return On Equity, with a value of 8.89%, RYN is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.91%, RYN is in the better half of the industry, outperforming 60.71% of the companies in the same industry.
RYN had an Average Return On Invested Capital over the past 3 years of 4.73%. This is in line with the industry average of 5.21%.
The 3 year average ROIC (4.73%) for RYN is below the current ROIC(4.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 8.89% | ||
| ROIC | 4.91% |
ROA(3y)3.93%
ROA(5y)2.97%
ROE(3y)7.89%
ROE(5y)6.06%
ROIC(3y)4.73%
ROIC(5y)3.9%
1.3 Margins
RYN has a Profit Margin of 15.83%. This is comparable to the rest of the industry: RYN outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of RYN has grown nicely.
The Operating Margin of RYN (20.69%) is worse than 71.43% of its industry peers.
In the last couple of years the Operating Margin of RYN has remained more or less at the same level.
RYN's Gross Margin of 28.45% is on the low side compared to the rest of the industry. RYN is outperformed by 78.57% of its industry peers.
RYN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.69% | ||
| PM (TTM) | 15.83% | ||
| GM | 28.45% |
OM growth 3Y23.16%
OM growth 5Y0.08%
PM growth 3Y56.07%
PM growth 5Y5.56%
GM growth 3Y17.72%
GM growth 5Y1.51%
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 has been increased compared to 1 year ago.
Compared to 5 years ago, RYN has more shares outstanding
RYN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.01 indicates that RYN is not a great score, but indicates only limited risk for bankruptcy at the moment.
With an excellent Altman-Z score value of 2.01, RYN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
RYN has a debt to FCF ratio of 7.34. This is a slightly negative value and a sign of low solvency as RYN would need 7.34 years to pay back of all of its debts.
RYN's Debt to FCF ratio of 7.34 is amongst the best of the industry. RYN outperforms 85.71% of its industry peers.
RYN has a Debt/Equity ratio of 0.72. This is a neutral value indicating RYN is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.72, RYN belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 7.34 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.55
WACC3.18%
2.3 Liquidity
A Current Ratio of 1.99 indicates that RYN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.99, RYN belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
A Quick Ratio of 1.85 indicates that RYN should not have too much problems paying its short term obligations.
RYN has a better Quick ratio (1.85) than 92.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
RYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.00%, which is quite good.
The earnings per share for RYN have been decreasing by -14.55% on average. This is quite bad
Looking at the last year, RYN shows a very strong growth in Revenue. The Revenue has grown by 20.26%.
The Revenue has been growing slightly by 5.31% on average over the past years.
EPS 1Y (TTM)20%
EPS 3Y12.92%
EPS 5Y-14.55%
EPS Q2Q%-7.69%
Revenue 1Y (TTM)20.26%
Revenue growth 3Y7.15%
Revenue growth 5Y5.31%
Sales Q2Q%-3.27%
3.2 Future
Based on estimates for the next years, RYN will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.25% on average per year.
Based on estimates for the next years, RYN will show a small growth in Revenue. The Revenue will grow by 2.75% on average per year.
EPS Next Y5.91%
EPS Next 2Y22.51%
EPS Next 3Y22.17%
EPS Next 5Y17.25%
Revenue Next Year3.68%
Revenue Next 2Y-2.43%
Revenue Next 3Y-0.02%
Revenue Next 5Y2.75%
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
RYN is valuated quite expensively with a Price/Earnings ratio of 73.39.
Based on the Price/Earnings ratio, RYN is valued a bit more expensive than the industry average as 67.86% of the companies are valued more cheaply.
RYN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.73.
Based on the Price/Forward Earnings ratio of 48.89, the valuation of RYN can be described as expensive.
RYN's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. RYN is more expensive than 64.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, RYN is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.39 | ||
| Fwd PE | 48.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RYN is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
RYN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RYN is cheaper than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.11 | ||
| EV/EBITDA | 14.31 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates RYN does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of RYN may justify a higher PE ratio.
RYN's earnings are expected to grow with 22.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)12.42
PEG (5Y)N/A
EPS Next 2Y22.51%
EPS Next 3Y22.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.36%, RYN is a good candidate for dividend investing.
RYN's Dividend Yield is slightly below the industry average, which is at 4.53.
Compared to an average S&P500 Dividend Yield of 2.24, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
5.2 History
The dividend of RYN has a limited annual growth rate of 1.68%.
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)1.68%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
126.14% of the earnings are spent on dividend by RYN. This is not a sustainable payout ratio.
The dividend of RYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP126.14%
EPS Next 2Y22.51%
EPS Next 3Y22.17%
RAYONIER INC
NYSE:RYN (12/20/2024, 7:37:38 PM)
After market: 26.42 0 (0%)26.42
+0.27 (+1.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.05%
Inst Owner Change1.31%
Ins Owners0.4%
Ins Owner Change-1.68%
Market Cap3.94B
Analysts70
Price Target34.48 (30.51%)
Short Float %2.81%
Short Ratio6.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.36% |
Dividend Growth(5Y)1.68%
DP126.14%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-46.73%
Min EPS beat(2)-85.57%
Max EPS beat(2)-7.9%
EPS beat(4)2
Avg EPS beat(4)-16%
Min EPS beat(4)-85.57%
Max EPS beat(4)20.74%
EPS beat(8)3
Avg EPS beat(8)-24.22%
EPS beat(12)7
Avg EPS beat(12)22.07%
EPS beat(16)10
Avg EPS beat(16)57.91%
Revenue beat(2)0
Avg Revenue beat(2)-14.85%
Min Revenue beat(2)-21.26%
Max Revenue beat(2)-8.44%
Revenue beat(4)0
Avg Revenue beat(4)-11.68%
Min Revenue beat(4)-21.26%
Max Revenue beat(4)-2.95%
Revenue beat(8)1
Avg Revenue beat(8)-7.16%
Revenue beat(12)3
Avg Revenue beat(12)-2.94%
Revenue beat(16)6
Avg Revenue beat(16)3.31%
PT rev (1m)0.6%
PT rev (3m)1.2%
EPS NQ rev (1m)-5.07%
EPS NQ rev (3m)32.33%
EPS NY rev (1m)-1.18%
EPS NY rev (3m)4.14%
Revenue NQ rev (1m)-4.49%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)8.92%
Revenue NY rev (3m)5.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 73.39 | ||
| Fwd PE | 48.89 | ||
| P/S | 3.92 | ||
| P/FCF | 22.11 | ||
| P/OCF | 14.96 | ||
| P/B | 2.2 | ||
| P/tB | 2.2 | ||
| EV/EBITDA | 14.31 |
EPS(TTM)0.36
EY1.36%
EPS(NY)0.54
Fwd EY2.05%
FCF(TTM)1.19
FCFY4.52%
OCF(TTM)1.77
OCFY6.69%
SpS6.74
BVpS11.99
TBVpS11.99
PEG (NY)12.42
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 8.89% | ||
| ROCE | 6.22% | ||
| ROIC | 4.91% | ||
| ROICexc | 5.02% | ||
| ROICexgc | 5.02% | ||
| OM | 20.69% | ||
| PM (TTM) | 15.83% | ||
| GM | 28.45% | ||
| FCFM | 17.73% |
ROA(3y)3.93%
ROA(5y)2.97%
ROE(3y)7.89%
ROE(5y)6.06%
ROIC(3y)4.73%
ROIC(5y)3.9%
ROICexc(3y)5.11%
ROICexc(5y)4.15%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.99%
ROCE(5y)4.93%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y35.26%
ROICexc growth 5Y0.24%
OM growth 3Y23.16%
OM growth 5Y0.08%
PM growth 3Y56.07%
PM growth 5Y5.56%
GM growth 3Y17.72%
GM growth 5Y1.51%
F-Score7
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 7.34 | ||
| Debt/EBITDA | 3.59 | ||
| Cap/Depr | 56.57% | ||
| Cap/Sales | 8.48% | ||
| Interest Coverage | 4.94 | ||
| Cash Conversion | 73.46% | ||
| Profit Quality | 112% | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 2.01 |
F-Score7
WACC3.18%
ROIC/WACC1.55
Cap/Depr(3y)195.38%
Cap/Depr(5y)160.47%
Cap/Sales(3y)30.23%
Cap/Sales(5y)26.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20%
EPS 3Y12.92%
EPS 5Y-14.55%
EPS Q2Q%-7.69%
EPS Next Y5.91%
EPS Next 2Y22.51%
EPS Next 3Y22.17%
EPS Next 5Y17.25%
Revenue 1Y (TTM)20.26%
Revenue growth 3Y7.15%
Revenue growth 5Y5.31%
Sales Q2Q%-3.27%
Revenue Next Year3.68%
Revenue Next 2Y-2.43%
Revenue Next 3Y-0.02%
Revenue Next 5Y2.75%
EBIT growth 1Y77.06%
EBIT growth 3Y31.97%
EBIT growth 5Y5.39%
EBIT Next Year170.98%
EBIT Next 3Y46.11%
EBIT Next 5Y29.03%
FCF growth 1Y252.94%
FCF growth 3Y21.54%
FCF growth 5Y1.3%
OCF growth 1Y2.2%
OCF growth 3Y13.48%
OCF growth 5Y-0.77%