RAYONIER INC (RYN) Stock Fundamental Analysis
NYSE:RYN - US7549071030 - REIT
26.18 USD
-0.01 (-0.04%)
26.18 USD
0 (0%)
Taking everything into account, RYN scores 6 out of 10 in our fundamental rating. RYN was compared to 29 industry peers in the Specialized REITs industry. RYN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. RYN is valied quite expensively at the moment, while it does show a decent growth rate.
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.
In the past 5 years RYN has always 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 (21.66%) than 100.00% of its industry peers.
The Return On Equity of RYN (33.06%) is better than 93.10% of its industry peers.
RYN has a better Return On Invested Capital (9.45%) than 96.55% 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 4.79%.
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 93.10% 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 (34.89%) which is comparable to the rest of the industry.
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 79.31% of its industry peers.
RYN's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RYN is creating some value.
The number of shares outstanding for RYN remains at a similar level compared to 1 year ago.
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 3.13. This indicates that RYN is financially healthy and has little risk of bankruptcy at the moment.
RYN's Altman-Z score of 3.13 is amongst the best of the industry. RYN outperforms 96.55% 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 better Debt to FCF ratio (6.76) than 86.21% 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's Debt to Equity ratio of 0.37 is amongst the best of the industry. RYN outperforms 96.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Altman-Z | 3.13 |
ROIC/WACC1.29
WACC7.34%
2.3 Liquidity
A Current Ratio of 3.50 indicates that RYN has no problem at all paying its short term obligations.
The Current ratio of RYN (3.50) is better than 89.66% of its industry peers.
A Quick Ratio of 3.38 indicates that RYN has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.38, RYN belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
RYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.22%, which is quite good.
The Earnings Per Share has been growing slightly by 0.44% on average over the past years.
Looking at the last year, RYN shows a quite strong growth in Revenue. The Revenue has grown by 9.90% in the last year.
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)16.22%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%200%
Revenue 1Y (TTM)9.9%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-38.65%
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-13.82%
EPS Next 2Y18.77%
EPS Next 3Y20.15%
EPS Next 5Y7.7%
Revenue Next Year-43.61%
Revenue Next 2Y-24.5%
Revenue Next 3Y-15.91%
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
Based on the Price/Earnings ratio of 60.88, the valuation of RYN can be described as expensive.
RYN's Price/Earnings ratio is a bit more expensive when compared to the industry. RYN is more expensive than 62.07% of the companies in the same industry.
RYN is valuated expensively when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 40.34 indicates a quite expensive valuation of RYN.
RYN's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of RYN to the average of the S&P500 Index (22.54), we can say RYN is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.88 | ||
| Fwd PE | 40.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RYN is valued cheaper than 100.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of RYN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.1 | ||
| EV/EBITDA | 8.35 |
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 20.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)138.2
EPS Next 2Y18.77%
EPS Next 3Y20.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.14%, RYN is a good candidate for dividend investing.
RYN's Dividend Yield is slightly below the industry average, which is at 5.89.
RYN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.14% |
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.
The dividend of RYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP31.31%
EPS Next 2Y18.77%
EPS Next 3Y20.15%
26.18
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.64%
Inst Owner Change-13.02%
Ins Owners0.43%
Ins Owner Change10.18%
Market Cap4.04B
Analysts72
Price Target30.77 (17.53%)
Short Float %2.76%
Short Ratio3.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.14% |
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)1.12%
PT rev (3m)0.56%
EPS NQ rev (1m)24.46%
EPS NQ rev (3m)42.57%
EPS NY rev (1m)-4.73%
EPS NY rev (3m)-12.39%
Revenue NQ rev (1m)6.67%
Revenue NQ rev (3m)-19.48%
Revenue NY rev (1m)-5.73%
Revenue NY rev (3m)-7.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.88 | ||
| Fwd PE | 40.34 | ||
| P/S | 3.63 | ||
| P/FCF | 26.1 | ||
| P/OCF | 16.63 | ||
| P/B | 1.75 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 8.35 |
EPS(TTM)0.43
EY1.64%
EPS(NY)0.65
Fwd EY2.48%
FCF(TTM)1
FCFY3.83%
OCF(TTM)1.57
OCFY6.01%
SpS7.21
BVpS14.93
TBVpS14.93
PEG (NY)N/A
PEG (5Y)138.2
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%
ROICexcg growth 3YN/A
ROICexcg 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 | 3.13 |
F-Score8
WACC7.34%
ROIC/WACC1.29
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)16.22%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%200%
EPS Next Y-13.82%
EPS Next 2Y18.77%
EPS Next 3Y20.15%
EPS Next 5Y7.7%
Revenue 1Y (TTM)9.9%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-38.65%
Revenue Next Year-43.61%
Revenue Next 2Y-24.5%
Revenue Next 3Y-15.91%
Revenue Next 5Y-8.44%
EBIT growth 1Y80.15%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year128.15%
EBIT Next 3Y38.82%
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%