ALEXANDER & BALDWIN INC (ALEX)
US0144911049 - REIT
Taking everything into account, ALEX scores 5 out of 10 in our fundamental rating. ALEX was compared to 126 industry peers in the Diversified REITs industry. Both the profitability and the financial health of ALEX get a neutral evaluation. Nothing too spectacular is happening here. ALEX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ALEX had positive earnings in the past year.
In the past year ALEX had a positive cash flow from operations.
In multiple years ALEX reported negative net income over the last 5 years.
Each year in the past 5 years ALEX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ALEX (1.80%) is better than 64.23% of its industry peers.
ALEX has a better Return On Equity (2.96%) than 60.98% of its industry peers.
ALEX has a Return On Invested Capital of 3.29%. This is in the better half of the industry: ALEX outperforms 65.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ALEX is in line with the industry average of 2.95%.
The last Return On Invested Capital (3.29%) for ALEX is above the 3 year average (3.17%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROIC | 3.29% |
ROA(3y)0.28%
ROA(5y)-0.13%
ROE(3y)0.45%
ROE(5y)-0.28%
ROIC(3y)3.17%
ROIC(5y)2.43%
1.3 Margins
ALEX has a better Profit Margin (14.22%) than 67.48% of its industry peers.
In the last couple of years the Profit Margin of ALEX has grown nicely.
The Operating Margin of ALEX (32.70%) is better than 71.54% of its industry peers.
In the last couple of years the Operating Margin of ALEX has remained more or less at the same level.
ALEX has a Gross Margin of 48.97%. This is amonst the worse of the industry: ALEX underperforms 82.93% of its industry peers.
ALEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.7% | ||
| PM (TTM) | 14.22% | ||
| GM | 48.97% |
OM growth 3Y23.54%
OM growth 5Y0.97%
PM growth 3Y70.07%
PM growth 5YN/A
GM growth 3Y13.29%
GM growth 5Y3.79%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ALEX is destroying value.
ALEX has about the same amout of shares outstanding than it did 1 year ago.
ALEX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ALEX is higher compared to a year ago.
2.2 Solvency
ALEX has an Altman-Z score of 0.68. This is a bad value and indicates that ALEX is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 0.68, ALEX is doing good in the industry, outperforming 60.16% of the companies in the same industry.
ALEX has a debt to FCF ratio of 12.92. This is a negative value and a sign of low solvency as ALEX would need 12.92 years to pay back of all of its debts.
ALEX has a better Debt to FCF ratio (12.92) than 79.67% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that ALEX is not too dependend on debt financing.
ALEX has a Debt to Equity ratio of 0.46. This is amongst the best in the industry. ALEX outperforms 91.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 12.92 | ||
| Altman-Z | 0.68 |
ROIC/WACC0.42
WACC7.74%
2.3 Liquidity
A Current Ratio of 3.14 indicates that ALEX has no problem at all paying its short term obligations.
ALEX's Current ratio of 3.14 is amongst the best of the industry. ALEX outperforms 87.80% of its industry peers.
ALEX has a Quick Ratio of 3.14. This indicates that ALEX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.14, ALEX belongs to the top of the industry, outperforming 87.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.14 | ||
| Quick Ratio | 3.14 |
3. Growth
3.1 Past
ALEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 144.12%, which is quite impressive.
Measured over the past years, ALEX shows a very strong growth in Earnings Per Share. The EPS has been growing by 63.98% on average per year.
ALEX shows a decrease in Revenue. In the last year, the revenue decreased by -9.37%.
The Revenue for ALEX have been decreasing by -20.17% on average. This is quite bad
EPS 1Y (TTM)144.12%
EPS 3Y140.05%
EPS 5Y63.98%
EPS growth Q2Q-116.13%
Revenue 1Y (TTM)-9.37%
Revenue growth 3Y3.16%
Revenue growth 5Y-20.17%
Revenue growth Q2Q-25.28%
3.2 Future
The Earnings Per Share is expected to decrease by -4.00% on average over the next years.
ALEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.71% yearly.
EPS Next Y-29.95%
EPS Next 2Y-4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.49%
Revenue Next 2Y2.71%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 19.64, ALEX is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of ALEX indicates a rather cheap valuation: ALEX is cheaper than 81.30% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 24.84, ALEX is valued a bit cheaper.
ALEX is valuated quite expensively with a Price/Forward Earnings ratio of 28.04.
78.05% of the companies in the same industry are more expensive than ALEX, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of ALEX to the average of the S&P500 Index (21.35), we can say ALEX is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.64 | ||
| Fwd PE | 28.04 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ALEX is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as ALEX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.96 | ||
| EV/EBITDA | 15.47 |
4.3 Compensation for Growth
ALEX has a very decent profitability rating, which may justify a higher PE ratio.
ALEX's earnings are expected to decrease with -4.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.31
EPS Next 2Y-4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ALEX has a Yearly Dividend Yield of 5.48%, which is a nice return.
ALEX's Dividend Yield is comparable with the industry average which is at 6.03.
Compared to an average S&P500 Dividend Yield of 2.41, ALEX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.48% |
5.2 History
The dividend of ALEX decreases each year by -19.23%.
ALEX has paid a dividend for at least 10 years, which is a reliable track record.
ALEX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-19.23%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
ALEX pays out 216.50% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of ALEX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP216.5%
EPS Next 2Y-4%
EPS Next 3YN/A
ALEXANDER & BALDWIN INC
NYSE:ALEX (4/29/2024, 10:59:50 AM)
16.3
+0.11 (+0.68%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.18B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.48% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.64 | ||
| Fwd PE | 28.04 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 32.7% | ||
| PM (TTM) | 14.22% | ||
| GM | 48.97% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.14 | ||
| Quick Ratio | 3.14 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)144.12%
EPS 3Y140.05%
EPS 5Y
EPS growth Q2Q
EPS Next Y-29.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-9.37%
Revenue growth 3Y3.16%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y