ALEXANDER & BALDWIN INC (ALEX) Stock Fundamental Analysis
USA - NYSE:ALEX - US0144911049 - REIT
18.42 USD
-0.46 (-2.44%)
18.42 USD
0 (0%)
Taking everything into account, ALEX scores 5 out of 10 in our fundamental rating. ALEX was compared to 129 industry peers in the Diversified REITs industry. ALEX has an excellent profitability rating, but there are concerns on its financial health. ALEX is not valued too expensively and it also shows 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.
ALEX had positive earnings in 4 of the past 5 years.
ALEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 4.75%, ALEX belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.70%, ALEX belongs to the top of the industry, outperforming 81.40% of the companies in the same industry.
The Return On Invested Capital of ALEX (3.79%) is better than 71.32% of its industry peers.
ALEX had an Average Return On Invested Capital over the past 3 years of 3.24%. This is in line with the industry average of 3.04%.
The 3 year average ROIC (3.24%) for ALEX is below the current ROIC(3.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.7% | ||
| ROIC | 3.79% |
ROA(3y)0.86%
ROA(5y)0.94%
ROE(3y)1.36%
ROE(5y)1.58%
ROIC(3y)3.24%
ROIC(5y)2.9%
1.3 Margins
The Profit Margin of ALEX (33.94%) is better than 86.82% of its industry peers.
ALEX's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 33.16%, ALEX is doing good in the industry, outperforming 69.77% of the companies in the same industry.
In the last couple of years the Operating Margin of ALEX has grown nicely.
The Gross Margin of ALEX (45.92%) is worse than 79.84% of its industry peers.
In the last couple of years the Gross Margin of ALEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.16% | ||
| PM (TTM) | 33.94% | ||
| GM | 45.92% |
OM growth 3Y0.42%
OM growth 5Y32.23%
PM growth 3Y22.77%
PM growth 5YN/A
GM growth 3Y-1.01%
GM growth 5Y15.99%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALEX is destroying value.
ALEX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALEX has more shares outstanding
The debt/assets ratio for ALEX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that ALEX is in the distress zone and has some risk of bankruptcy.
ALEX has a better Altman-Z score (0.86) than 68.99% of its industry peers.
The Debt to FCF ratio of ALEX is 8.92, which is on the high side as it means it would take ALEX, 8.92 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 8.92, ALEX belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
A Debt/Equity ratio of 0.44 indicates that ALEX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.44, ALEX belongs to the top of the industry, outperforming 90.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.92 | ||
| Altman-Z | 0.86 |
ROIC/WACC0.51
WACC7.41%
2.3 Liquidity
A Current Ratio of 0.27 indicates that ALEX may have some problems paying its short term obligations.
With a Current ratio value of 0.27, ALEX is not doing good in the industry: 89.15% of the companies in the same industry are doing better.
ALEX has a Quick Ratio of 0.27. This is a bad value and indicates that ALEX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of ALEX (0.27) is worse than 89.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 62.12% over the past year.
The Earnings Per Share has been growing by 36.08% on average over the past years. This is a very strong growth
ALEX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.60%.
The Revenue for ALEX have been decreasing by -11.47% on average. This is quite bad
EPS 1Y (TTM)62.12%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%169.23%
Revenue 1Y (TTM)5.6%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%1.28%
3.2 Future
The Earnings Per Share is expected to decrease by -2.22% 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 1.55% yearly.
EPS Next Y-4.68%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue Next Year1.4%
Revenue Next 2Y1.74%
Revenue Next 3Y1.55%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 17.21 indicates a rather expensive valuation of ALEX.
90.70% of the companies in the same industry are more expensive than ALEX, based on the Price/Earnings ratio.
ALEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
With a Price/Forward Earnings ratio of 26.17, ALEX can be considered very expensive at the moment.
ALEX's Price/Forward Earnings ratio is rather cheap when compared to the industry. ALEX is cheaper than 83.72% of the companies in the same industry.
ALEX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.21 | ||
| Fwd PE | 26.17 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALEX indicates a somewhat cheap valuation: ALEX is cheaper than 70.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.55 | ||
| EV/EBITDA | 15.65 |
4.3 Compensation for Growth
ALEX has an outstanding profitability rating, which may justify a higher PE ratio.
ALEX's earnings are expected to decrease with -2.22% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
5. Dividend
5.1 Amount
ALEX has a Yearly Dividend Yield of 4.77%, which is a nice return.
ALEX's Dividend Yield is comparable with the industry average which is at 6.63.
Compared to an average S&P500 Dividend Yield of 2.41, ALEX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
5.2 History
The dividend of ALEX has a limited annual growth rate of 5.27%.
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)5.27%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
ALEX pays out 83.71% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of ALEX has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP83.71%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
18.42
-0.46 (-2.44%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners87.32%
Inst Owner Change-0.24%
Ins Owners0.72%
Ins Owner Change1.08%
Market Cap1.34B
Analysts82
Price Target21.68 (17.7%)
Short Float %1.29%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.77% |
Yearly Dividend0.9
Dividend Growth(5Y)5.27%
DP83.71%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)209.23%
Min EPS beat(2)89.54%
Max EPS beat(2)328.92%
EPS beat(4)4
Avg EPS beat(4)112.74%
Min EPS beat(4)11.11%
Max EPS beat(4)328.92%
EPS beat(8)6
Avg EPS beat(8)47.55%
EPS beat(12)9
Avg EPS beat(12)34.36%
EPS beat(16)11
Avg EPS beat(16)27.65%
Revenue beat(2)0
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-1.29%
Max Revenue beat(2)-1.22%
Revenue beat(4)2
Avg Revenue beat(4)10.02%
Min Revenue beat(4)-1.29%
Max Revenue beat(4)24.65%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.19%
EPS NQ rev (1m)-12.12%
EPS NQ rev (3m)-3.33%
EPS NY rev (1m)15.44%
EPS NY rev (3m)9.03%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-2.02%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-1.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.21 | ||
| Fwd PE | 26.17 | ||
| P/S | 5.83 | ||
| P/FCF | 26.55 | ||
| P/OCF | 13.12 | ||
| P/B | 1.32 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 15.65 |
EPS(TTM)1.07
EY5.81%
EPS(NY)0.7
Fwd EY3.82%
FCF(TTM)0.69
FCFY3.77%
OCF(TTM)1.4
OCFY7.62%
SpS3.16
BVpS13.92
TBVpS13.8
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.7% | ||
| ROCE | 4.79% | ||
| ROIC | 3.79% | ||
| ROICexc | 3.81% | ||
| ROICexgc | 3.83% | ||
| OM | 33.16% | ||
| PM (TTM) | 33.94% | ||
| GM | 45.92% | ||
| FCFM | 21.96% |
ROA(3y)0.86%
ROA(5y)0.94%
ROE(3y)1.36%
ROE(5y)1.58%
ROIC(3y)3.24%
ROIC(5y)2.9%
ROICexc(3y)3.29%
ROICexc(5y)2.96%
ROICexgc(3y)3.31%
ROICexgc(5y)2.98%
ROCE(3y)4.1%
ROCE(5y)3.67%
ROICexcg growth 3Y1.17%
ROICexcg growth 5Y22.15%
ROICexc growth 3Y1.32%
ROICexc growth 5Y22.35%
OM growth 3Y0.42%
OM growth 5Y32.23%
PM growth 3Y22.77%
PM growth 5YN/A
GM growth 3Y-1.01%
GM growth 5Y15.99%
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 8.92 | ||
| Debt/EBITDA | 3.96 | ||
| Cap/Depr | 137.36% | ||
| Cap/Sales | 22.47% | ||
| Interest Coverage | 3.34 | ||
| Cash Conversion | 89.72% | ||
| Profit Quality | 64.71% | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.27 | ||
| Altman-Z | 0.86 |
F-Score7
WACC7.41%
ROIC/WACC0.51
Cap/Depr(3y)93.91%
Cap/Depr(5y)86.99%
Cap/Sales(3y)15.27%
Cap/Sales(5y)16.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)62.12%
EPS 3Y19.68%
EPS 5Y36.08%
EPS Q2Q%169.23%
EPS Next Y-4.68%
EPS Next 2Y-8.47%
EPS Next 3Y-2.22%
EPS Next 5YN/A
Revenue 1Y (TTM)5.6%
Revenue growth 3Y-2.33%
Revenue growth 5Y-11.47%
Sales Q2Q%1.28%
Revenue Next Year1.4%
Revenue Next 2Y1.74%
Revenue Next 3Y1.55%
Revenue Next 5YN/A
EBIT growth 1Y-0.85%
EBIT growth 3Y-1.93%
EBIT growth 5Y17.06%
EBIT Next Year70.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y268.39%
FCF growth 3Y-12.59%
FCF growth 5YN/A
OCF growth 1Y140.28%
OCF growth 3Y-7.6%
OCF growth 5Y-9.07%