Rayonier Inc.

DB:RA6 Stock Report

Market Cap: €4.3b

Rayonier Valuation

Is RA6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of RA6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RA6 (€28.2) is trading below our estimate of fair value (€43.37)

Significantly Below Fair Value: RA6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RA6?

Key metric: As RA6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RA6. This is calculated by dividing RA6's market cap by their current earnings.
What is RA6's PE Ratio?
PE Ratio28.2x
EarningsUS$158.95m
Market CapUS$4.54b

Price to Earnings Ratio vs Peers

How does RA6's PE Ratio compare to its peers?

The above table shows the PE ratio for RA6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average91.4x
PCH PotlatchDeltic
198.4x72.6%US$3.3b
HABA Hamborner REIT
62.8x11.0%€514.1m
WY Weyerhaeuser
41.7x21.4%US$22.3b
FSITES 20 Fideicomiso Opsimex
62.7xn/aMex$88.1b
RA6 Rayonier
28.2x-5.5%€4.5b

Price-To-Earnings vs Peers: RA6 is good value based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (101x).

Price to Earnings Ratio vs Industry

How does RA6's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RA6 28.2xIndustry Avg. 19.0xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RA6 is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the Global Specialized REITs industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is RA6's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RA6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RA6's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst RA6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.20
€32.14
+14.0%
6.5%€36.10€30.40n/a6
Nov ’25€28.60
€31.14
+8.9%
6.5%€34.98€29.46n/a6
Oct ’25€28.60
€30.65
+7.2%
6.8%€34.77€28.36n/a6
Sep ’25€27.80
€30.65
+10.2%
6.8%€34.77€28.36n/a6
Aug ’25€28.40
€31.33
+10.3%
7.6%€35.94€28.57n/a6
Jul ’25€26.20
€31.88
+21.7%
6.4%€36.04€29.57n/a6
Jun ’25€27.60
€31.88
+15.5%
6.4%€36.04€29.57n/a6
May ’25€27.80
€32.39
+16.5%
6.4%€36.61€30.04n/a6
Apr ’25€30.60
€31.84
+4.0%
7.1%€35.99€28.61n/a6
Mar ’25€31.80
€31.68
-0.4%
5.5%€34.30€28.74n/a6
Feb ’25€29.60
€31.43
+6.2%
5.2%€34.04€28.52n/a6
Jan ’25€30.20
€30.34
+0.5%
4.1%€31.70€28.08n/a6
Dec ’24€28.80
€31.01
+7.7%
4.4%€32.73€28.99n/a6
Nov ’24€23.80
€31.60
+32.8%
5.6%€34.06€29.33€28.605
Oct ’24€26.80
€31.98
+19.3%
2.9%€33.28€30.51€28.605
Sep ’24€27.80
€31.98
+15.1%
2.9%€33.28€30.51€27.805
Aug ’24€30.00
€30.64
+2.1%
3.0%€31.91€29.18€28.405
Jul ’24€28.60
€31.00
+8.4%
3.0%€32.29€29.52€26.205
Jun ’24€27.60
€31.00
+12.3%
3.0%€32.29€29.52€27.605
May ’24€28.40
€33.19
+16.9%
3.0%€34.79€32.04€27.804
Apr ’24€30.40
€35.06
+15.3%
4.3%€36.96€33.17€30.604
Mar ’24€31.60
€34.13
+8.0%
3.5%€35.74€32.99€31.804
Feb ’24€33.40
€33.87
+1.4%
4.0%€35.95€32.26€29.604
Jan ’24€31.00
€35.45
+14.4%
4.0%€37.62€33.76€30.204
Dec ’23€34.00
€35.45
+4.3%
4.0%€37.62€33.76€28.804
Nov ’23€33.40
€39.23
+17.5%
6.5%€42.61€36.53€23.803

Analyst Forecast: Target price is less than 20% higher than the current share price.

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