RAYONIER INC (RYN) Stock Fundamental Analysis
USA - NYSE:RYN - US7549071030 - REIT
22.58 USD
-0.7 (-3.01%)
23.03 USD
+0.45 (+1.99%)
Overall RYN gets a fundamental rating of 7 out of 10. We evaluated RYN against 30 industry peers in the Specialized REITs industry. RYN scores excellent points on both the profitability and health parts. This is a solid base for a good stock. RYN is not valued too expensively and it also shows a decent growth rate. Finally RYN also has an excellent dividend rating. This makes RYN very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
RYN had positive earnings in the past year.
In the past year RYN had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 21.66%, RYN belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of RYN (33.06%) is better than 93.33% of its industry peers.
The Return On Invested Capital of RYN (9.45%) is better than 96.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RYN 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 93.33% 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 in line with its industry peers.
In the last couple of years the Operating Margin of RYN has grown nicely.
With a Gross Margin value of 41.23%, RYN is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of RYN has grown nicely.
| 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
RYN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
RYN has about the same amout of shares outstanding than it did 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
An Altman-Z score of 2.90 indicates that RYN is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.90, RYN belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
The Debt to FCF ratio of RYN is 6.76, which is on the high side as it means it would take RYN, 6.76 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of RYN (6.76) is better than 86.67% 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.
With an excellent Debt to Equity ratio value of 0.37, RYN belongs to the best of the industry, outperforming 96.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Altman-Z | 2.9 |
ROIC/WACC1.31
WACC7.19%
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 90.00% of its industry peers.
RYN has a Quick Ratio of 3.38. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.38, RYN belongs to the top of the industry, outperforming 90.00% 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.
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 9.90% in the past year. This is quite good.
The Revenue has been growing by 12.16% on average over the past years. This is quite good.
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
Based on estimates for the next years, RYN will show a small growth in Earnings Per Share. The EPS will grow by 7.70% on average per year.
Based on estimates for the next years, RYN will show a decrease in Revenue. The Revenue will decrease by -8.44% on average per year.
EPS Next Y-14.37%
EPS Next 2Y11.08%
EPS Next 3Y14.43%
EPS Next 5Y7.7%
Revenue Next Year-44.56%
Revenue Next 2Y-24.73%
Revenue Next 3Y-16.11%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 52.51, the valuation of RYN can be described as expensive.
RYN's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.76. RYN is valued rather expensively when compared to this.
RYN is valuated quite expensively with a Price/Forward Earnings ratio of 39.78.
RYN's Price/Forward Earnings ratio is in line with the industry average.
RYN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.51 | ||
| Fwd PE | 39.78 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, RYN is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
63.33% of the companies in the same industry are more expensive than RYN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.47 | ||
| EV/EBITDA | 7.45 |
4.3 Compensation for Growth
RYN has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as RYN's earnings are expected to grow with 14.43% in the coming years.
PEG (NY)N/A
PEG (5Y)119.2
EPS Next 2Y11.08%
EPS Next 3Y14.43%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.42%, RYN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.77, RYN has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
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.
RYN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP31.31%
EPS Next 2Y11.08%
EPS Next 3Y14.43%
22.58
-0.7 (-3.01%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.88%
Inst Owner Change0.06%
Ins Owners0.44%
Ins Owner Change2.91%
Market Cap3.48B
Revenue(TTM)1.11B
Net Income(TTM)761.17M
Analysts72
Price Target30.77 (36.27%)
Short Float %2.48%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.42% |
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)0%
PT rev (3m)1.12%
EPS NQ rev (1m)-2.65%
EPS NQ rev (3m)23.84%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)-5.34%
Revenue NQ rev (1m)1.16%
Revenue NQ rev (3m)7.19%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)-7.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.51 | ||
| Fwd PE | 39.78 | ||
| P/S | 3.13 | ||
| P/FCF | 22.47 | ||
| P/OCF | 14.32 | ||
| P/B | 1.51 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 7.45 |
EPS(TTM)0.43
EY1.9%
EPS(NY)0.57
Fwd EY2.51%
FCF(TTM)1
FCFY4.45%
OCF(TTM)1.58
OCFY6.98%
SpS7.22
BVpS14.96
TBVpS14.96
PEG (NY)N/A
PEG (5Y)119.2
Graham Number12.03
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%
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 Turnover0.32
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 | 2.9 |
F-Score8
WACC7.19%
ROIC/WACC1.31
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-14.37%
EPS Next 2Y11.08%
EPS Next 3Y14.43%
EPS Next 5Y7.7%
Revenue 1Y (TTM)9.9%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-38.65%
Revenue Next Year-44.56%
Revenue Next 2Y-24.73%
Revenue Next 3Y-16.11%
Revenue Next 5Y-8.44%
EBIT growth 1Y80.15%
EBIT growth 3Y16.45%
EBIT growth 5Y29.66%
EBIT Next Year120.29%
EBIT Next 3Y36.51%
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%
RAYONIER INC / RYN FAQ
Can you provide the ChartMill fundamental rating for RAYONIER INC?
ChartMill assigns a fundamental rating of 7 / 10 to RYN.
Can you provide the valuation status for RAYONIER INC?
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 earnings growth outlook for RAYONIER INC?
The Earnings per Share (EPS) of RAYONIER INC (RYN) is expected to decline by -14.37% in the next year.
Is the dividend of RAYONIER INC sustainable?
The dividend rating of RAYONIER INC (RYN) is 7 / 10 and the dividend payout ratio is 31.31%.