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PCH

PotlatchDelticNasdaqGS:PCH Stock Report

Market Cap

US$3.6b

7D

-4.4%

1Y

15.8%

Updated

30 Nov, 2021

Data

Company Financials +
PCH fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

PCH Stock Overview

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi.

PotlatchDeltic Competitors

Rayonier

NYSE:RYN

US$5.4b

CatchMark Timber Trust

NYSE:CTT

US$376.0m

EastGroup Properties

NYSE:EGP

US$8.3b

UFP Industries

NasdaqGS:UFPI

US$5.2b

Price History & Performance

Summary of all time highs, changes and price drops for PotlatchDeltic
Historical stock prices
Current Share PriceUS$54.14
52 Week HighUS$65.67
52 Week LowUS$44.79
Beta1.25
1 Month Change3.58%
3 Month Change2.50%
1 Year Change15.78%
3 Year Change52.08%
5 Year Change29.99%
Change since IPO41.54%

Recent News & Updates

Oct 05

PotlatchDeltic: An Inflation Hedge At A Reasonable Price

Inflation has been far higher than most expected in 2021. Hedging, via precious metals and gold mining stocks, has missed the mark by a mile. We look at one inflation play that is likely to work and what price investors should pay for it.

Sep 08
Does PotlatchDeltic (NASDAQ:PCH) Deserve A Spot On Your Watchlist?

Does PotlatchDeltic (NASDAQ:PCH) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

PCHUS REITsUS Market
7D-4.4%-2.7%-2.8%
1Y15.8%26.7%20.0%

Return vs Industry: PCH underperformed the US REITs industry which returned 26.7% over the past year.

Return vs Market: PCH underperformed the US Market which returned 20% over the past year.

Price Volatility

Is PCH's price volatile compared to industry and market?
PCH volatility
PCH Average Weekly Movement4.2%
REITs Industry Average Movement3.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: PCH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PCH's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19031,316Eric Cremershttps://www.potlatchdeltic.com

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance.

PotlatchDeltic Fundamentals Summary

How do PotlatchDeltic's earnings and revenue compare to its market cap?
PCH fundamental statistics
Market CapUS$3.63b
Earnings (TTM)US$484.70m
Revenue (TTM)US$1.43b

7.5x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCH income statement (TTM)
RevenueUS$1.43b
Cost of RevenueUS$721.54m
Gross ProfitUS$704.94m
ExpensesUS$220.24m
EarningsUS$484.70m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.22
Gross Margin49.42%
Net Profit Margin33.98%
Debt/Equity Ratio47.4%

How did PCH perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

18%

Payout Ratio

Valuation

Is PotlatchDeltic undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PCH ($54.14) is trading below our estimate of fair value ($280.17)

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


Price To Earnings Ratio

PE vs Industry: PCH is good value based on its PE Ratio (7.5x) compared to the US REITs industry average (45.6x).

PE vs Market: PCH is good value based on its PE Ratio (7.5x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: PCH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PCH is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (2x).


Future Growth

How is PotlatchDeltic forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-62.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCH's earnings are forecast to decline over the next 3 years (-62.1% per year).

Earnings vs Market: PCH's earnings are forecast to decline over the next 3 years (-62.1% per year).

High Growth Earnings: PCH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PCH's revenue is expected to decline over the next 3 years (-13.5% per year).

High Growth Revenue: PCH's revenue is forecast to decline over the next 3 years (-13.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PCH's Return on Equity is forecast to be high in 3 years time


Past Performance

How has PotlatchDeltic performed over the past 5 years?

46.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCH has high quality earnings.

Growing Profit Margin: PCH's current net profit margins (34%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: PCH's earnings have grown significantly by 46.1% per year over the past 5 years.

Accelerating Growth: PCH's earnings growth over the past year (519.7%) exceeds its 5-year average (46.1% per year).

Earnings vs Industry: PCH earnings growth over the past year (519.7%) exceeded the REITs industry 27.7%.


Return on Equity

High ROE: PCH's Return on Equity (29.2%) is considered high.


Financial Health

How is PotlatchDeltic's financial position?


Financial Position Analysis

Short Term Liabilities: PCH's short term assets ($714.9M) exceed its short term liabilities ($137.4M).

Long Term Liabilities: PCH's short term assets ($714.9M) do not cover its long term liabilities ($920.4M).


Debt to Equity History and Analysis

Debt Level: PCH's net debt to equity ratio (11.5%) is considered satisfactory.

Reducing Debt: PCH's debt to equity ratio has reduced from 375.8% to 47.4% over the past 5 years.

Debt Coverage: PCH's debt is well covered by operating cash flow (76%).

Interest Coverage: PCH's interest payments on its debt are well covered by EBIT (21x coverage).


Balance Sheet


Dividend

What is PotlatchDeltic current dividend yield, its reliability and sustainability?

3.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PCH's dividend (3.03%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PCH's dividend (3.03%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: PCH's dividend payments have been volatile in the past 10 years.

Growing Dividend: PCH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.4%), PCH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PCH's dividends in 3 years are forecast to be covered by earnings (67.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Eric Cremers (57 yo)

0.83

Tenure

US$2,966,723

Compensation

Mr. Eric J. Cremers has been the President of PotlatchDeltic Corporation (formerly, Potlatch Corporation) since March 1, 2013 He has been its Chief Executive Officer since January 1, 2021. He served as its...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD2.97M) is below average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PCH's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: PCH's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PotlatchDeltic Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: PotlatchDeltic Corporation
  • Ticker: PCH
  • Exchange: NasdaqGS
  • Founded: 1903
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$3.633b
  • Shares outstanding: 67.10m
  • Website: https://www.potlatchdeltic.com

Number of Employees


Location

  • PotlatchDeltic Corporation
  • 601 West First Avenue
  • Suite 1600
  • Spokane
  • Washington
  • 99201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:56
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.