RAYONIER INC (RYN)
US7549071030 - REIT
Taking everything into account, RYN scores 5 out of 10 in our fundamental rating. RYN was compared to 28 industry peers in the Specialized REITs industry. While RYN has a great health rating, its profitability is only average at the moment. RYN is quite expensive at the moment. 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.
RYN had positive earnings in each of the past 5 years.
Each year in the past 5 years RYN had a positive operating cash flow.
1.2 Ratios
RYN's Return On Assets of 4.76% is fine compared to the rest of the industry. RYN outperforms 75.00% of its industry peers.
RYN has a Return On Equity of 9.32%. This is in the better half of the industry: RYN outperforms 67.86% of its industry peers.
With a decent Return On Invested Capital value of 4.87%, RYN is doing good in the industry, outperforming 60.71% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for RYN is in line with the industry average of 5.04%.
The 3 year average ROIC (4.73%) for RYN is below the current ROIC(4.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 9.32% | ||
| ROIC | 4.87% |
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
RYN has a Profit Margin of 16.41%. This is comparable to the rest of the industry: RYN outperforms 53.57% of its industry peers.
RYN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 20.47%, RYN is doing worse than 71.43% of the companies in the same industry.
In the last couple of years the Operating Margin of RYN has remained more or less at the same level.
RYN has a Gross Margin of 27.85%. This is in the lower half of the industry: RYN underperforms 75.00% of its industry peers.
In the last couple of years the Gross Margin of RYN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.47% | ||
| PM (TTM) | 16.41% | ||
| GM | 27.85% |
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 below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, RYN has more shares outstanding
The number of shares outstanding for RYN has been increased compared to 5 years ago.
The debt/assets ratio for RYN has been reduced compared to a year ago.
2.2 Solvency
RYN has an Altman-Z score of 2.18. 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.
RYN has a better Altman-Z score (2.18) than 89.29% of its industry peers.
The Debt to FCF ratio of RYN is 6.73, which is on the high side as it means it would take RYN, 6.73 years of fcf income to pay off all of its debts.
RYN has a Debt to FCF ratio of 6.73. This is amongst the best in the industry. RYN outperforms 82.14% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that RYN is somewhat dependend on debt financing.
RYN's Debt to Equity ratio of 0.73 is fine compared to the rest of the industry. RYN outperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 6.73 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.94
WACC5.16%
2.3 Liquidity
A Current Ratio of 2.26 indicates that RYN has no problem at all paying its short term obligations.
The Current ratio of RYN (2.26) is better than 85.71% of its industry peers.
RYN has a Quick Ratio of 2.04. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
RYN has a Quick ratio of 2.04. This is amongst the best in the industry. RYN outperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.26 | ||
| Quick Ratio | 2.04 |
3. Growth
3.1 Past
RYN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.94%.
RYN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.55% yearly.
The Revenue has grown by 16.27% in the past year. This is quite good.
The Revenue has been growing slightly by 5.31% on average over the past years.
EPS 1Y (TTM)-41.94%
EPS 3Y12.92%
EPS 5Y-14.55%
EPS growth Q2Q54.55%
Revenue 1Y (TTM)16.27%
Revenue growth 3Y7.15%
Revenue growth 5Y5.31%
Revenue growth Q2Q90.47%
3.2 Future
The Earnings Per Share is expected to grow by 20.08% on average over the next years. This is a very strong growth
Based on estimates for the next years, RYN will show a small growth in Revenue. The Revenue will grow by 4.64% on average per year.
EPS Next Y36.91%
EPS Next 2Y35.3%
EPS Next 3Y24.63%
EPS Next 5Y20.08%
Revenue Next Year5.63%
Revenue Next 2Y5.17%
Revenue Next 3Y4%
Revenue Next 5Y4.64%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
RYN is valuated quite expensively with a Price/Earnings ratio of 83.83.
Compared to the rest of the industry, the Price/Earnings ratio of RYN indicates a slightly more expensive valuation: RYN is more expensive than 71.43% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of RYN to the average of the S&P500 Index (25.20), we can say RYN is valued expensively.
A Price/Forward Earnings ratio of 61.23 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 64.29% 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 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 83.83 | ||
| Fwd PE | 61.23 |
4.2 Price Multiples
RYN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. RYN is cheaper than 75.00% of the companies in the same industry.
RYN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RYN is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.11 | ||
| EV/EBITDA | 15.04 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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 24.63% in the coming years.
PEG (NY)2.27
PEG (5Y)N/A
EPS Next 2Y35.3%
EPS Next 3Y24.63%
5. Dividend
5.1 Amount
RYN has a Yearly Dividend Yield of 3.77%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.03, RYN is paying slightly less dividend.
RYN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
5.2 History
The dividend of RYN has a limited annual growth rate of 1.68%.
RYN has been paying a dividend for at least 10 years, so it has a reliable track record.
As RYN did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)1.68%
Div Incr Years2
Div Non Decr Years8
5.3 Sustainability
RYN pays out 97.98% of its income as dividend. This is not a sustainable payout ratio.
The dividend of RYN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP97.98%
EPS Next 2Y35.3%
EPS Next 3Y24.63%
RAYONIER INC
NYSE:RYN (4/26/2024, 10:08:54 AM)
30.18
+0.06 (+0.2%)
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 Cap4.49B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 83.83 | ||
| Fwd PE | 61.23 | ||
| 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)2.27
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.76% | ||
| ROE | 9.32% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 20.47% | ||
| PM (TTM) | 16.41% | ||
| GM | 27.85% | ||
| 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 | 0.73 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.26 | ||
| Quick Ratio | 2.04 | ||
| 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)
Growth
EPS 1Y (TTM)-41.94%
EPS 3Y12.92%
EPS 5Y
EPS growth Q2Q
EPS Next Y36.91%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.27%
Revenue growth 3Y7.15%
Revenue growth 5Y
Revenue growth 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