RAYONIER INC (RYN)
US7549071030 - REIT
RYN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 28 industry peers in the Specialized REITs industry. RYN has an average financial health and profitability rating. RYN is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year RYN was profitable.
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
The Return On Assets of RYN (4.22%) is better than 75.00% of its industry peers.
RYN has a better Return On Equity (8.27%) than 64.29% of its industry peers.
RYN has a Return On Invested Capital of 4.96%. This is comparable to the rest of the industry: RYN outperforms 57.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for RYN is in line with the industry average of 5.31%.
The last Return On Invested Capital (4.96%) for RYN is above the 3 year average (4.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.22% | ||
| ROE | 8.27% | ||
| ROIC | 4.96% |
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
With a Profit Margin value of 14.78%, RYN perfoms like the industry average, outperforming 46.43% of the companies in the same industry.
In the last couple of years the Profit Margin of RYN has grown nicely.
Looking at the Operating Margin, with a value of 21.28%, RYN is doing worse than 71.43% of the companies in the same industry.
RYN's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 29.07%, RYN is doing worse than 75.00% of the companies in the same industry.
RYN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.28% | ||
| PM (TTM) | 14.78% | ||
| GM | 29.07% |
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
RYN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, RYN has more 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
RYN has an Altman-Z score of 2.26. This is not the best score and indicates that RYN is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.26, RYN belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
RYN has a debt to FCF ratio of 7.05. This is a slightly negative value and a sign of low solvency as RYN would need 7.05 years to pay back of all of its debts.
RYN has a Debt to FCF ratio of 7.05. This is in the better half of the industry: RYN outperforms 78.57% of its industry peers.
A Debt/Equity ratio of 0.75 indicates that RYN is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.75, RYN belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | 7.05 | ||
| Altman-Z | 2.26 |
ROIC/WACC1.23
WACC4.04%
2.3 Liquidity
A Current Ratio of 1.98 indicates that RYN should not have too much problems paying its short term obligations.
RYN has a Current ratio of 1.98. This is in the better half of the industry: RYN outperforms 75.00% of its industry peers.
RYN has a Quick Ratio of 1.78. This is a normal value and indicates that RYN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.78, RYN is doing good in the industry, outperforming 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.78 |
3. Growth
3.1 Past
RYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.62%, 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 21.97%.
Measured over the past years, RYN shows a small growth in Revenue. The Revenue has been growing by 5.31% on average per year.
EPS 1Y (TTM)15.62%
EPS 3Y12.92%
EPS 5Y-14.55%
EPS Q2Q%-60%
Revenue 1Y (TTM)21.97%
Revenue growth 3Y7.15%
Revenue growth 5Y5.31%
Sales Q2Q%-16.9%
3.2 Future
The Earnings Per Share is expected to grow by 22.42% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 4.64% on average over the next years.
EPS Next Y1.7%
EPS Next 2Y23.94%
EPS Next 3Y23.21%
EPS Next 5Y22.42%
Revenue Next Year-1.48%
Revenue Next 2Y1.65%
Revenue Next 3Y1.38%
Revenue Next 5Y4.64%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
RYN is valuated quite expensively with a Price/Earnings ratio of 85.49.
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.
The average S&P500 Price/Earnings ratio is at 30.97. RYN is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 57.20 indicates a quite expensive valuation of RYN.
Based on the Price/Forward Earnings ratio, RYN is valued a bit more expensive than the industry average as 60.71% of the companies are valued more cheaply.
RYN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 85.49 | ||
| Fwd PE | 57.2 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RYN is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, RYN is valued a bit cheaper than the industry average as 67.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.38 | ||
| EV/EBITDA | 16.07 |
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.
A more expensive valuation may be justified as RYN's earnings are expected to grow with 23.21% in the coming years.
PEG (NY)50.25
PEG (5Y)N/A
EPS Next 2Y23.94%
EPS Next 3Y23.21%
5. Dividend
5.1 Amount
RYN has a Yearly Dividend Yield of 3.61%.
RYN's Dividend Yield is slightly below the industry average, which is at 4.27.
RYN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
5.2 History
The dividend of RYN has a limited annual growth rate of 1.68%.
RYN has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of RYN decreased recently.
Dividend Growth(5Y)1.68%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
134.04% 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.
DP134.04%
EPS Next 2Y23.94%
EPS Next 3Y23.21%
RAYONIER INC
NYSE:RYN (10/8/2024, 8:22:09 PM)
After market: 31.63 0 (0%)31.63
-0.03 (-0.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.71B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
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)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 85.49 | ||
| Fwd PE | 57.2 | ||
| 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)50.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.22% | ||
| ROE | 8.27% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.28% | ||
| PM (TTM) | 14.78% | ||
| GM | 29.07% | ||
| 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 Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.98 | ||
| Quick Ratio | 1.78 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)15.62%
EPS 3Y12.92%
EPS 5Y
EPS Q2Q%
EPS Next Y1.7%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)21.97%
Revenue growth 3Y7.15%
Revenue growth 5Y
Sales 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