PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 1.9 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi.
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Second-rate dividend payer and slightly overvalued.
Share Price & News
How has PotlatchDeltic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PCH's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PCH underperformed the US REITs industry which returned -17.9% over the past year.
Return vs Market: PCH underperformed the US Market which returned -8.1% over the past year.
Price Volatility Vs. Market
How volatile is PotlatchDeltic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StShould Weakness in PotlatchDeltic Corporation's (NASDAQ:PCH) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
4 weeks ago | Simply Wall StIs There Now An Opportunity In PotlatchDeltic Corporation (NASDAQ:PCH)?
1 month ago | Simply Wall StHave Insiders Sold PotlatchDeltic Corporation (NASDAQ:PCH) Shares Recently?
Is PotlatchDeltic undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PCH ($30.16) is trading below our estimate of fair value ($38.89)
Significantly Below Fair Value: PCH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PCH is poor value based on its PE Ratio (36.6x) compared to the REITs industry average (25.2x).
PE vs Market: PCH is poor value based on its PE Ratio (36.6x) compared to the US market (13.3x).
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 (1.7x) compared to the US REITs industry average (1.3x).
How is PotlatchDeltic forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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 (-7.9% per year).
Earnings vs Market: PCH's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: PCH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PCH's revenue (3.2% per year) is forecast to grow slower than the US market (6.9% per year).
High Growth Revenue: PCH's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PCH's Return on Equity is forecast to be low in 3 years time (7.1%).
How has PotlatchDeltic performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PCH has high quality earnings.
Growing Profit Margin: PCH's current net profit margins (6.7%) are lower than last year (12.6%).
Past Earnings Growth Analysis
Earnings Trend: PCH's earnings have grown by 16.3% per year over the past 5 years.
Accelerating Growth: PCH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PCH had negative earnings growth (-54.7%) over the past year, making it difficult to compare to the REITs industry average (4.3%).
Return on Equity
High ROE: PCH's Return on Equity (4.5%) is considered low.
How is PotlatchDeltic's financial position?
Financial Position Analysis
Short Term Liabilities: PCH's short term assets ($183.4M) exceed its short term liabilities ($113.3M).
Long Term Liabilities: PCH's short term assets ($183.4M) do not cover its long term liabilities ($895.0M).
Debt to Equity History and Analysis
Debt Level: PCH's debt to equity ratio (63.5%) is considered high.
Reducing Debt: PCH's debt to equity ratio has reduced from 280.1% to 63.5% over the past 5 years.
Debt Coverage: PCH's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: PCH's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is PotlatchDeltic's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PCH's dividend (5.31%) is higher than the bottom 25% of dividend payers in the US market (1.89%).
High Dividend: PCH's dividend (5.31%) is in the top 25% of dividend payers in the US market (5.26%)
Stability and Growth of Payments
Stable Dividend: PCH's dividend payments have been volatile in the past 10 years.
Growing Dividend: PCH's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (77.5%), PCH's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PCH's dividends in 3 years are not forecast to be well covered by earnings (167.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Covey (61yo)
Mr. Michael J. Covey, also known as Mike, has been the Chief Executive Officer of PotlatchDeltic Corporation (formerly, Potlatch Corporation) since February 6, 2006 and served as President since February 6 ...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD4.64M) is about average for companies of similar size in the US market ($USD4.69M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
|Chairman & CEO||14.17yrs||US$4.64m||0.26% $5.6m|
|VP & CFO||6.58yrs||US$935.20k||0.064% $1.4m|
|Vice President of Wood Products||11.25yrs||US$1.01m||0.079% $1.7m|
|Controller & Principal Accounting Officer||1.42yrs||no data||0.0025% $53.1k|
|VP, General Counsel & Corporate Secretary||0.67yr||no data||0.00026% $5.5k|
|Vice President of Public Affairs||1.25yrs||no data||no data|
|Vice President of Human Resources||6.25yrs||no data||no data|
Experienced Management: PCH's management team is seasoned and experienced (6.4 years average tenure).
|Chairman & CEO||14.17yrs||US$4.64m||0.26% $5.6m|
|Independent Director||17.17yrs||US$182.18k||0.014% $295.9k|
|Independent Director||19.58yrs||US$186.68k||0.0047% $100.3k|
|Independent Director||2.17yrs||US$179.18k||0.015% $323.8k|
|Independent Vice Chairman & Independent Lead Director||no data||US$175.85k||0.0032% $67.6k|
|Independent Director||2.17yrs||US$167.18k||1.11% $23.7m|
|Independent Director||2.17yrs||US$172.18k||0.68% $14.6m|
|Independent Director||16.25yrs||US$177.50k||0.51% $11.0m|
|Independent Director||4.5yrs||US$194.18k||no data|
Experienced Board: PCH's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PCH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.
PotlatchDeltic Corporation's company bio, employee growth, exchange listings and data sources
- Name: PotlatchDeltic Corporation
- Ticker: PCH
- Exchange: NasdaqGS
- Founded: 1903
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$2.133b
- Shares outstanding: 67.35m
- Website: https://www.potlatchdeltic.com
Number of Employees
- PotlatchDeltic Corporation
- 601 West First Avenue
- Suite 1600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PCH||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1969|
|P4C||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1969|
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 1.9 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 practices, is dedicated to long-term stewardship and sustainable management of its timber resources.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 08:24|
|End of Day Share Price||2020/04/09 00:00|
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.