RAYONIER INC (RYN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:RYN - US7549071030 - REIT
21.61 USD
-0.04 (-0.18%)
21.8 USD
+0.19 (+0.88%)
Overall RYN gets a fundamental rating of 7 out of 10. We evaluated RYN against 30 industry peers in the Specialized REITs industry. Both the health and profitability get an excellent rating, making RYN a very profitable company, without any liquidiy or solvency issues. RYN has a decent growth rate and is not valued too expensively. Finally RYN also has an excellent dividend rating. With these ratings, RYN could be worth investigating further for dividend and quality investing!.
1. Profitability
1.1 Basic Checks
In the past year RYN was profitable.
RYN had a positive operating cash flow in the past year.
RYN had positive earnings in each of the past 5 years.
RYN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
RYN has a better Return On Assets (22.21%) than 100.00% of its industry peers.
RYN has a better Return On Equity (34.04%) than 93.33% of its industry peers.
The Return On Invested Capital of RYN (9.84%) is better than 96.67% 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 4.86%.
The last Return On Invested Capital (9.84%) for RYN is above the 3 year average (6.20%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.21% | ||
| ROE | 34.04% | ||
| ROIC | 9.84% |
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
RYN has a better Profit Margin (70.94%) than 96.67% of its industry peers.
RYN's Profit Margin has improved in the last couple of years.
RYN's Operating Margin of 36.56% is in line compared to the rest of the industry. RYN outperforms 56.67% of its industry peers.
RYN's Operating Margin has improved in the last couple of years.
RYN's Gross Margin of 42.85% is on the low side compared to the rest of the industry. RYN is outperformed by 73.33% of its industry peers.
In the last couple of years the Gross Margin of RYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.56% | ||
| PM (TTM) | 70.94% | ||
| GM | 42.85% |
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.
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 2.78. 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.
With an excellent Altman-Z score value of 2.78, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
The Debt to FCF ratio of RYN is 4.93, which is a neutral value as it means it would take RYN, 4.93 years of fcf income to pay off all of its debts.
RYN has a better Debt to FCF ratio (4.93) than 93.33% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that RYN is not too dependend on debt financing.
RYN has a Debt to Equity ratio of 0.37. This is amongst the best in the industry. RYN outperforms 96.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Altman-Z | 2.78 |
ROIC/WACC1.32
WACC7.43%
2.3 Liquidity
A Current Ratio of 3.44 indicates that RYN has no problem at all paying its short term obligations.
The Current ratio of RYN (3.44) is better than 93.33% of its industry peers.
A Quick Ratio of 3.39 indicates that RYN has no problem at all paying its short term obligations.
RYN's Quick ratio of 3.39 is amongst the best of the industry. RYN outperforms 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.39 |
3. Growth
3.1 Past
RYN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.00%, which is quite impressive.
RYN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.44% yearly.
The Revenue has grown by 8.88% in the past year. This is quite good.
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)75%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%166.67%
Revenue 1Y (TTM)8.88%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
3.2 Future
The Earnings Per Share is expected to grow by 7.70% on average over the next years.
The Revenue is expected to decrease by -8.44% on average over the next years.
EPS Next Y-1.2%
EPS Next 2Y7.36%
EPS Next 3Y12.01%
EPS Next 5Y7.7%
Revenue Next Year-43.9%
Revenue Next 2Y-26.4%
Revenue Next 3Y-17.58%
Revenue Next 5Y-8.44%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 34.30, which means the current valuation is very expensive for RYN.
The rest of the industry has a similar Price/Earnings ratio as RYN.
Compared to an average S&P500 Price/Earnings ratio of 26.60, RYN is valued a bit more expensive.
Based on the Price/Forward Earnings ratio of 40.75, the valuation of RYN can be described as expensive.
RYN's Price/Forward Earnings is on the same level as the industry average.
RYN is valuated expensively when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.3 | ||
| Fwd PE | 40.75 |
4.2 Price Multiples
100.00% of the companies in the same industry are more expensive than RYN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, RYN is valued a bit cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.69 | ||
| EV/EBITDA | 6.71 |
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 12.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)77.86
EPS Next 2Y7.36%
EPS Next 3Y12.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.03%, RYN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.73, RYN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
5.2 History
The dividend of RYN has a limited annual growth rate of 4.39%.
RYN has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of RYN decreased in the last 3 years.
Dividend Growth(5Y)4.39%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
30.67% of the earnings are spent on dividend by RYN. This is a low number and sustainable payout ratio.
RYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.67%
EPS Next 2Y7.36%
EPS Next 3Y12.01%
21.61
-0.04 (-0.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners89.72%
Inst Owner Change10.78%
Ins Owners0.42%
Ins Owner Change-0.85%
Market Cap3.33B
Revenue(TTM)1.09B
Net Income(TTM)775.60M
Analysts71.11
Price Target29.58 (36.88%)
Short Float %4.06%
Short Ratio4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
Yearly Dividend1.35
Dividend Growth(5Y)4.39%
DP30.67%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)44.03%
Min EPS beat(2)42.46%
Max EPS beat(2)45.6%
EPS beat(4)3
Avg EPS beat(4)0.1%
Min EPS beat(4)-131.18%
Max EPS beat(4)45.6%
EPS beat(8)5
Avg EPS beat(8)-7.95%
EPS beat(12)6
Avg EPS beat(12)-16.12%
EPS beat(16)10
Avg EPS beat(16)16.58%
Revenue beat(2)1
Avg Revenue beat(2)2.15%
Min Revenue beat(2)-5.27%
Max Revenue beat(2)9.57%
Revenue beat(4)2
Avg Revenue beat(4)48.48%
Min Revenue beat(4)-46.4%
Max Revenue beat(4)236.03%
Revenue beat(8)2
Avg Revenue beat(8)18.4%
Revenue beat(12)3
Avg Revenue beat(12)11.39%
Revenue beat(16)5
Avg Revenue beat(16)9.92%
PT rev (1m)-2.25%
PT rev (3m)-3.87%
EPS NQ rev (1m)-1.58%
EPS NQ rev (3m)-6.32%
EPS NY rev (1m)16.13%
EPS NY rev (3m)12.5%
Revenue NQ rev (1m)-0.89%
Revenue NQ rev (3m)-4.35%
Revenue NY rev (1m)2.28%
Revenue NY rev (3m)1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.3 | ||
| Fwd PE | 40.75 | ||
| P/S | 3.04 | ||
| P/FCF | 15.69 | ||
| P/OCF | 11.36 | ||
| P/B | 1.46 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 6.71 |
EPS(TTM)0.63
EY2.92%
EPS(NY)0.53
Fwd EY2.45%
FCF(TTM)1.38
FCFY6.37%
OCF(TTM)1.9
OCFY8.8%
SpS7.1
BVpS14.81
TBVpS14.81
PEG (NY)N/A
PEG (5Y)77.86
Graham Number14.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.21% | ||
| ROE | 34.04% | ||
| ROCE | 12.45% | ||
| ROIC | 9.84% | ||
| ROICexc | 13.79% | ||
| ROICexgc | 13.79% | ||
| OM | 36.56% | ||
| PM (TTM) | 70.94% | ||
| GM | 42.85% | ||
| FCFM | 19.38% |
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%
ROICexgc growth 3YN/A
ROICexgc 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 Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.93 | ||
| Debt/EBITDA | 1.64 | ||
| Cap/Depr | 70.03% | ||
| Cap/Sales | 7.39% | ||
| Interest Coverage | 14.46 | ||
| Cash Conversion | 56.83% | ||
| Profit Quality | 27.32% | ||
| Current Ratio | 3.44 | ||
| Quick Ratio | 3.39 | ||
| Altman-Z | 2.78 |
F-Score8
WACC7.43%
ROIC/WACC1.32
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)75%
EPS 3Y-23.56%
EPS 5Y0.44%
EPS Q2Q%166.67%
EPS Next Y-1.2%
EPS Next 2Y7.36%
EPS Next 3Y12.01%
EPS Next 5Y7.7%
Revenue 1Y (TTM)8.88%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-8.97%
Revenue Next Year-43.9%
Revenue Next 2Y-26.4%
Revenue Next 3Y-17.58%
Revenue Next 5Y-8.44%
EBIT growth 1Y92.44%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year141.86%
EBIT Next 3Y36.51%
EBIT Next 5Y20.57%
FCF growth 1Y175.48%
FCF growth 3Y31.45%
FCF growth 5Y81.84%
OCF growth 1Y9.11%
OCF growth 3Y-6.99%
OCF growth 5Y4.07%
RAYONIER INC / RYN FAQ
Can you provide the ChartMill fundamental rating for RAYONIER INC?
ChartMill assigns a fundamental rating of 7 / 10 to RYN.
What is the valuation status for RYN stock?
ChartMill assigns a valuation rating of 4 / 10 to RAYONIER INC (RYN). This can be considered as Fairly Valued.
How profitable is RAYONIER INC (RYN) stock?
RAYONIER INC (RYN) has a profitability rating of 8 / 10.
What is the financial health of RAYONIER INC (RYN) stock?
The financial health rating of RAYONIER INC (RYN) is 8 / 10.
What is the earnings growth outlook for RAYONIER INC?
The Earnings per Share (EPS) of RAYONIER INC (RYN) is expected to decline by -1.2% in the next year.