RAYONIER INC (RYN) Stock Fundamental Analysis
USA - NYSE:RYN - US7549071030 - REIT
26.9 USD
0 (0%)
26.9 USD
0 (0%)
Overall RYN gets a fundamental rating of 6 out of 10. We evaluated RYN against 29 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 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.
In the past 5 years RYN always reported a positive cash flow from operatings.
1.2 Ratios
RYN has a Return On Assets of 21.66%. This is amongst the best in the industry. RYN outperforms 100.00% of its industry peers.
RYN has a better Return On Equity (33.06%) than 93.10% of its industry peers.
RYN's Return On Invested Capital of 9.45% is amongst the best of the industry. RYN outperforms 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 3 year average ROIC (6.20%) for RYN is below the current ROIC(9.45%), indicating increased profibility in the last year.
| 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
With an excellent Profit Margin value of 68.53%, RYN belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
RYN's Profit Margin has improved in the last couple of years.
RYN has a Operating Margin (34.89%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of RYN has grown nicely.
Looking at the Gross Margin, with a value of 41.23%, RYN is doing worse than 79.31% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so RYN is still creating some value.
Compared to 1 year ago, RYN has about the same amount of 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 3.18. This indicates that RYN is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.18, RYN belongs to the top of the industry, outperforming 96.55% of the companies in the same industry.
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.
With an excellent Debt to Equity ratio value of 0.37, RYN belongs to the best of the industry, outperforming 96.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 6.76 | ||
| Altman-Z | 3.18 |
ROIC/WACC1.28
WACC7.36%
2.3 Liquidity
RYN has a Current Ratio of 3.50. This indicates that RYN is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.50, RYN belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
A Quick Ratio of 3.38 indicates that RYN has no problem at all paying its short term obligations.
RYN has a better Quick ratio (3.38) than 89.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.5 | ||
| Quick Ratio | 3.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.22% over the past year.
Measured over the past 5 years, RYN shows a small growth in Earnings Per Share. The EPS has been growing by 0.44% on average per year.
RYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.90%.
RYN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.16% yearly.
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
The Earnings Per Share is expected to grow by 7.70% on average over the next years.
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-12.17%
EPS Next 2Y16.91%
EPS Next 3Y19.47%
EPS Next 5Y7.7%
Revenue Next Year-44.64%
Revenue Next 2Y-24.09%
Revenue Next 3Y-15.56%
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 62.56, which means the current valuation is very expensive for RYN.
62.07% of the companies in the same industry are cheaper than RYN, based on the Price/Earnings ratio.
RYN's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.86.
RYN is valuated quite expensively with a Price/Forward Earnings ratio of 42.79.
RYN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.32. RYN is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.56 | ||
| Fwd PE | 42.79 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of RYN indicates a rather cheap valuation: RYN is cheaper than 100.00% of the companies listed in the same industry.
RYN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.82 | ||
| EV/EBITDA | 8.57 |
4.3 Compensation for Growth
The excellent profitability rating of RYN may justify a higher PE ratio.
RYN's earnings are expected to grow with 19.47% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)142
EPS Next 2Y16.91%
EPS Next 3Y19.47%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.16%, RYN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.94, RYN is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.41, RYN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
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.
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
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 2Y16.91%
EPS Next 3Y19.47%
26.9
0 (0%)
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 Change-13.03%
Ins Owners0.44%
Ins Owner Change10.18%
Market Cap4.15B
Analysts72
Price Target30.77 (14.39%)
Short Float %2.74%
Short Ratio3.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.16% |
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)1.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)39.53%
EPS NY rev (1m)1.91%
EPS NY rev (3m)-2.91%
Revenue NQ rev (1m)2.92%
Revenue NQ rev (3m)5.96%
Revenue NY rev (1m)-1.82%
Revenue NY rev (3m)-7.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 62.56 | ||
| Fwd PE | 42.79 | ||
| P/S | 3.73 | ||
| P/FCF | 26.82 | ||
| P/OCF | 17.09 | ||
| P/B | 1.8 | ||
| P/tB | 1.8 | ||
| EV/EBITDA | 8.57 |
EPS(TTM)0.43
EY1.6%
EPS(NY)0.63
Fwd EY2.34%
FCF(TTM)1
FCFY3.73%
OCF(TTM)1.57
OCFY5.85%
SpS7.21
BVpS14.93
TBVpS14.93
PEG (NY)N/A
PEG (5Y)142
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 | 3.18 |
F-Score8
WACC7.36%
ROIC/WACC1.28
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-12.17%
EPS Next 2Y16.91%
EPS Next 3Y19.47%
EPS Next 5Y7.7%
Revenue 1Y (TTM)9.9%
Revenue growth 3Y4.41%
Revenue growth 5Y12.16%
Sales Q2Q%-38.65%
Revenue Next Year-44.64%
Revenue Next 2Y-24.09%
Revenue Next 3Y-15.56%
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%