Alexander & Baldwin
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Alexander & Baldwin, Inc. is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. The last earnings update was 13 days ago. More info.
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ALEX Share Price and Events
7 Day Returns
1 Year Returns
ALEX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Alexander & Baldwin (ALEX) | -1.6% | -1.4% | -5.2% | 11% | -31.7% | -38.1% |
| US REITs | 0.2% | -1.4% | 3.2% | 13% | 8.8% | 24% |
| US Market | -3.9% | -3.6% | 1.8% | 1.4% | 35.8% | 40.8% |
1 Year Return vs Industry and Market
- ALEX underperformed the REITs industry which returned 13% over the past year.
- ALEX outperformed the Market in United States of America which returned 1.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Alexander & Baldwin
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Alexander & Baldwin.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (47.51%)) |
0.82 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.82 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.82 * 5.96%) |
7.62% |
Discounted Cash Flow Calculation for NYSE:ALEX using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Alexander & Baldwin is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Alexander & Baldwin is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 7.62%) |
|
|---|---|---|---|
| 2019 | 63.00 | Analyst x1 | 58.54 |
| 2020 | 75.60 | Analyst x1 | 65.28 |
| 2021 | 78.48 | Est @ 3.8% | 62.97 |
| 2022 | 81.21 | Est @ 3.48% | 60.55 |
| 2023 | 83.85 | Est @ 3.26% | 58.10 |
| 2024 | 86.45 | Est @ 3.1% | 55.66 |
| 2025 | 89.03 | Est @ 2.99% | 53.26 |
| 2026 | 91.62 | Est @ 2.91% | 50.93 |
| 2027 | 94.24 | Est @ 2.86% | 48.68 |
| 2028 | 96.90 | Est @ 2.82% | 46.51 |
| Present value of next 10 years cash flows | $560.48 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $96.90 × (1 + 2.73%) ÷ (7.62% – 2.73%) |
$2,037.57 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,037.57 ÷ (1 + 7.62%)10 |
$978.08 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $560.48 + $978.08 |
$1,538.56 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,538.56 / 72.14 |
$21.33 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $21.33 |
| Current discount | Discount to share price of
$23.52
= -1 x ($23.52 - $21.33) / $21.33 |
-10.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Alexander & Baldwin is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Alexander & Baldwin's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Alexander & Baldwin's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-1.51 |
| NYSE:ALEX Share Price ** | NYSE (2019-05-15) in USD | $23.52 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.37x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Alexander & Baldwin.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:ALEX Share Price ÷ EPS (both in USD) = 23.52 ÷ -1.51 |
-15.54x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alexander & Baldwin is loss making, we can't compare its value to the US REITs industry average.
- Alexander & Baldwin is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
Alexander & Baldwin's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -15.54x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
92.1%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 1.91x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Alexander & Baldwin, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Alexander & Baldwin's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $16.64 |
| NYSE:ALEX Share Price * | NYSE (2019-05-15) in USD | $23.52 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,195 Publicly-Listed Companies | 1.83x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:ALEX Share Price ÷ Book Value per Share (both in USD) = 23.52 ÷ 16.64 |
1.41x |
* Primary Listing of Alexander & Baldwin.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Alexander & Baldwin is good value based on assets compared to the US REITs industry average.
Value checks
We assess Alexander & Baldwin's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Alexander & Baldwin has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Alexander & Baldwin's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Alexander & Baldwin's earnings growth is expected to exceed the United States of America market average.
- Alexander & Baldwin's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:ALEX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 92.1% |
| NYSE:ALEX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | -18.4% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 464 | 97 | 53 | 3 |
| 2019-12-31 | 505 | 185 | 45 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 662 | 326 | -109 |
| 2018-12-31 | 640 | 310 | -71 |
| 2018-09-30 | 474 | 82 | 277 |
| 2018-06-30 | 465 | 42 | 269 |
| 2018-03-31 | 449 | 18 | 271 |
| 2017-12-31 | 433 | -1 | 228 |
| 2017-09-30 | 437 | 18 | 29 |
| 2017-06-30 | 424 | 65 | 34 |
| 2017-03-31 | 408 | 95 | 33 |
| 2016-12-31 | 407 | 111 | 32 |
| 2016-09-30 | 310 | 62 | 35 |
| 2016-06-30 | 354 | 90 | 28 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Alexander & Baldwin Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.75 | 0.83 | 0.63 | 3.00 |
| 2019-12-31 | 0.61 | 0.61 | 0.61 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -1.51 |
| 2018-12-31 | -1.01 |
| 2018-09-30 | 4.26 |
| 2018-06-30 | 4.55 |
| 2018-03-31 | 5.06 |
| 2017-12-31 | 4.63 |
| 2017-09-30 | 0.59 |
| 2017-06-30 | 0.68 |
| 2017-03-31 | 0.67 |
| 2016-12-31 | 0.66 |
| 2016-09-30 | 0.71 |
| 2016-06-30 | 0.57 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Alexander & Baldwin will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Alexander & Baldwin's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Alexander & Baldwin has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Alexander & Baldwin performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Alexander & Baldwin does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Alexander & Baldwin's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Alexander & Baldwin's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
All data from Alexander & Baldwin Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 661.70 | -109.00 | 65.00 | |
| 2018-12-31 | 640.30 | -71.40 | 64.20 | |
| 2018-09-30 | 473.50 | 277.00 | 66.30 | |
| 2018-06-30 | 465.40 | 269.40 | 71.10 | |
| 2018-03-31 | 448.90 | 270.70 | 70.70 | |
| 2017-12-31 | 432.70 | 227.70 | 70.20 | |
| 2017-09-30 | 437.20 | 28.80 | 64.40 | |
| 2017-06-30 | 424.40 | 33.50 | 59.10 | |
| 2017-03-31 | 407.70 | 32.90 | 54.80 | |
| 2016-12-31 | 406.70 | 32.20 | 56.20 | |
| 2016-09-30 | 309.60 | 34.60 | 55.50 | |
| 2016-06-30 | 354.20 | 27.90 | 53.30 | |
| 2016-03-31 | 428.40 | 34.60 | 56.20 | |
| 2015-12-31 | 509.60 | 56.20 | 55.30 | |
| 2015-09-30 | 646.60 | 47.50 | 56.30 | |
| 2015-06-30 | 653.90 | 52.30 | 55.90 | |
| 2015-03-31 | 643.60 | 51.70 | 54.10 | |
| 2014-12-31 | 458.10 | 33.70 | 52.90 | |
| 2014-09-30 | 602.70 | 31.90 | 51.50 | |
| 2014-06-30 | 513.30 | 18.80 | 48.90 | |
| 2014-03-31 | 429.30 | 12.30 | 42.80 | |
| 2013-12-31 | 369.50 | 12.00 | 41.20 | |
| 2013-09-30 | 220.80 | 0.20 | 40.20 | |
| 2013-06-30 | 245.60 | 15.90 | 37.10 | |
| 2013-03-31 | 250.90 | 7.80 | 38.30 | |
| 2012-12-31 | 257.10 | 6.00 | 37.70 | |
| 2012-09-30 | 282.60 | 4.10 | 32.80 | |
| 2012-06-30 | 253.10 | -8.60 | 33.70 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Alexander & Baldwin has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if Alexander & Baldwin has efficiently used its assets last year compared to the US REITs industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Alexander & Baldwin improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Alexander & Baldwin's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Alexander & Baldwin has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Alexander & Baldwin's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Alexander & Baldwin's finances.
The net worth of a company is the difference between its assets and liabilities.
- Alexander & Baldwin is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Alexander & Baldwin's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Alexander & Baldwin Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,213.40 | 806.00 | 5.40 |
| 2018-12-31 | 1,216.20 | 778.60 | 11.40 |
| 2018-09-30 | 1,356.60 | 778.90 | 7.50 |
| 2018-06-30 | 1,338.40 | 791.40 | 9.50 |
| 2018-03-31 | 1,333.20 | 839.50 | 26.50 |
| 2017-12-31 | 659.10 | 632.40 | 68.90 |
| 2017-09-30 | 1,233.90 | 627.20 | 13.30 |
| 2017-06-30 | 1,228.40 | 576.50 | 11.00 |
| 2017-03-31 | 1,225.30 | 561.60 | 15.30 |
| 2016-12-31 | 1,224.00 | 516.90 | 2.20 |
| 2016-09-30 | 1,226.40 | 611.40 | 5.80 |
| 2016-06-30 | 1,228.60 | 625.50 | 6.40 |
| 2016-03-31 | 1,231.50 | 686.40 | 3.50 |
| 2015-12-31 | 1,238.70 | 589.50 | 1.30 |
| 2015-09-30 | 1,255.60 | 597.20 | 4.10 |
| 2015-06-30 | 1,249.00 | 620.00 | 2.30 |
| 2015-03-31 | 1,239.00 | 663.80 | 3.40 |
| 2014-12-31 | 1,214.80 | 708.90 | 2.80 |
| 2014-09-30 | 1,229.60 | 687.60 | 9.20 |
| 2014-06-30 | 1,219.00 | 679.10 | 6.20 |
| 2014-03-31 | 1,208.80 | 689.50 | 5.50 |
| 2013-12-31 | 1,168.70 | 713.50 | 3.30 |
| 2013-09-30 | 934.40 | 614.20 | 4.10 |
| 2013-06-30 | 927.70 | 306.60 | 0.70 |
| 2013-03-31 | 921.10 | 290.30 | 1.20 |
| 2012-12-31 | 914.40 | 235.50 | 1.10 |
| 2012-09-30 | 905.50 | 252.10 | 4.10 |
| 2012-06-30 | 881.30 | 252.20 | 2.50 |
- Alexander & Baldwin's level of debt (66.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (57% vs 66.4% today).
- Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
- Alexander & Baldwin is making a loss, therefore interest payments are not well covered by earnings.
Financial health checks
We assess Alexander & Baldwin's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Alexander & Baldwin has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Alexander & Baldwin's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Alexander & Baldwin
shares you are expected to receive
$56
in your first year as a dividend.
Dividend Amount
- Alexander & Baldwin's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Alexander & Baldwin's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1997 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.74 | 3.00 |
| 2019-12-31 | 0.63 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-26 | 0.660 | 2.780 |
| 2019-02-26 | 0.580 | 2.434 |
| 2018-11-02 | 0.000 | 0.000 |
| 2018-11-01 | 0.000 | 0.000 |
| 2018-08-02 | 0.000 | 0.000 |
| 2018-05-10 | 0.000 | 0.000 |
| 2018-05-08 | 0.000 | 0.000 |
| 2018-03-01 | 0.280 | 1.200 |
| 2017-07-26 | 0.280 | 0.814 |
| 2017-04-25 | 0.280 | 0.665 |
| 2017-01-25 | 0.280 | 0.630 |
| 2016-10-26 | 0.280 | 0.645 |
| 2016-07-25 | 0.240 | 0.613 |
| 2016-04-26 | 0.240 | 0.651 |
| 2016-01-27 | 0.240 | 0.701 |
| 2015-10-27 | 0.240 | 0.681 |
| 2015-07-28 | 0.200 | 0.558 |
| 2015-04-28 | 0.200 | 0.498 |
| 2015-01-27 | 0.200 | 0.492 |
| 2014-10-28 | 0.200 | 0.517 |
| 2014-07-30 | 0.160 | 0.418 |
| 2014-04-29 | 0.160 | 0.405 |
| 2014-01-28 | 0.160 | 0.397 |
| 2013-10-01 | 0.160 | 0.410 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Alexander & Baldwin has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Alexander & Baldwin only paid a dividend in the past 6 years.
Income/ dividend checks
We assess Alexander & Baldwin's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Alexander & Baldwin afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Alexander & Baldwin has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,479,433 |
| AGE | 55 |
| TENURE AS CEO | 3.3 years |
CEO Bio
Mr. Christopher J. Benjamin, also known as Chris, has been the President of Alexander & Baldwin, Inc., (alternate name Matson, Inc.) since June 2012 and its Chief Executive Officer since January 1, 2016. Mr. Benjamin served as Chief Operating Officer of Alexander & Baldwin, Inc., from June 2012 to January 9, 2016. He served as President of A&B Land Group from September 2011 to June 26, 2012 and A&B Properties, Inc., from September 2011 to September 2015. He served as the Chief Financial Officer, Senior Vice President and Treasurer of A&B Properties Inc., since February 28, 2011. He served as Chief Financial Officer of Alexander & Baldwin Inc. from February 9 2004 to September 1, 2011, served as Senior Vice President since July 1 2005 and Treasurer since May 1, 2006. Mr. Benjamin served as General Manager of Hawaiian Commercial & Sugar Company, division of Alexander & Baldwin, Inc. from March 9, 2009 to March 2011. He served as the Vice President of Corporate Development and Planning of Alexander & Baldwin, Inc., (A&B) from August 2001 to April 24, 2003. He served as Vice President of Alexander & Baldwin, Inc., from April 9 2003 to June 2005. He joined A&B in August 2001 and served as Director of Corporate Development and Planning. Prior to joining A&B, he served as Vice President of ChannelPoint, Inc. Previously, Mr. Benjamin served as Vice President of AmMed International, Inc. He also served in positions with The Queen's Health Systems, with the management consulting firm of Booz-Allen & Hamilton and with Sony Corporation. He was the President of the local chapter of JDRF. He co-chairs a support group for children with diabetes in Hawaii. He has been the Chairman of the Board and Director at Aloha United Way, Inc., since July 2013. He serves as the Chairman of the Board at The Nature Conservancy. He has been a Director of Alexander & Baldwin, Inc., since January 1, 2016. He serves on the International Lay Review Committee of the Juvenile Diabetes Research Foundation (JDRF). He was selected as a Pacific Century Fellow, participating in the program in its inaugural year. Mr. Benjamin graduated from the University of Michigan with a Bachelor degree in Economics and earned a Masters degree in Business Administration from Harvard Business School.
CEO Compensation
- Chris's compensation has increased whilst company is loss making.
- Chris's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Alexander & Baldwin management team in years:
- The tenure for the Alexander & Baldwin management team is about average.
Management Team
Chris Benjamin
President
$3M
55
3.3 yrs
Nelson N. Chun
Executive VP & Chief Legal Officer
$881K
65
6.9 yrs
Meredith Ching
Executive Vice President of External Affairs
$772K
61
11.9 yrs
Lance Parker
Executive VP & Chief Real Estate Officer
$1M
44
1.6 yrs
Diana Laing
Interim Executive VP & Director
$598K
63
Brett Brown
Executive VP & CFO
53
Jeff Pauker
Senior Vice President of Investments
1.3 yrs
Clayton Chun
Senior VP
39
1.3 yrs
Suzy Hollinger
Vice President of Investor Relations
7.3 yrs
Francisco Gutierrez
Senior Vice President of Development
0.8 yrs
Board of Directors Tenure
Average tenure and age of the Alexander & Baldwin board of directors in years:
- The tenure for the Alexander & Baldwin board of directors is about average.
Board of Directors
Stan Kuriyama
Chairman
$222K
64
6.9 yrs
Chris Benjamin
President
$3M
55
3.3 yrs
Diana Laing
Interim Executive VP & Director
$598K
63
0.1 yrs
Bob Harrison
Director
$160K
58
7.3 yrs
Michele Saito
Director
$166K
58
7.3 yrs
Doug Pasquale
Lead Director
$194K
63
Eric Yeaman
Director
$157K
50
6.9 yrs
Wilton Doane
Director
$157K
70
6.9 yrs
David Hulihee
Director
$146K
70
5.6 yrs
Tom Lewis
Director
$154K
65
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. Sep 18 | Sell | Eric Yeaman | Individual | 20. Sep 18 | 20. Sep 18 | -1 | $23.02 | $-20 | ||
Management checks
We assess Alexander & Baldwin's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Alexander & Baldwin has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Alexander & Baldwin Inc (NYSE:ALEX) Delivered A Better ROE Than Its Industry
Over the last twelve months Alexander & Baldwin has recorded a ROE of 21%. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWho Just Sold Their Shares In Alexander & Baldwin Inc (NYSE:ALEX)?
Alexander & Baldwin's insiders have divested from. … Generally, insiders selling shares in their own firm sends a bearish signal … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market
Simply Wall St - – Full articleHow Should You Think About Alexander & Baldwin Inc's (NYSE:ALEX) Risks?
Generally, an investor should consider two types of risk that impact the market value of ALEX. … The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.
Simply Wall St - – Full articleIs It Too Late To Buy Alexander & Baldwin Inc (NYSE:ALEX)?
Alexander & Baldwin Inc (NYSE:ALEX), a reits company based in United States,. … A question to answer is whether Alexander & Baldwin's current trading price of $21.53 reflective of the actual value of the? … Let’s take a look at Alexander & Baldwin’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleWhat You Must Know About Alexander & Baldwin Inc's (NYSE:ALEX) ROE
View our latest analysis for Alexander & Baldwin What you must know about ROE Return on Equity (ROE) weighs Alexander & Baldwin’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Alexander & Baldwin, which is 8.49%. … Since Alexander & Baldwin’s return covers its cost in excess of 26.11%, its use of equity capital is efficient and likely to be sustainable.
Simply Wall St - – Full articleWhy You Shouldn't Look At Alexander & Baldwin Inc's (NYSE:ALEX) Bottom Line
This tells us how long it will take ALEX to pay off its debt using its income from its main business activities, and gives us an insight into ALEX’s ability to service its borrowings. … This would take ALEX 13 years to pay off using just operating income, which is a long time, and risk increases with time. … Next Steps: In this article, I've taken a look at Funds from Operations using various metrics, but it is certainly not sufficient to derive an investment decision based on this value alone.
Simply Wall St - – Full articleShould You Invest In The Real Estate Stock Alexander & Baldwin Inc (ALEX)?
Alexander & Baldwin Inc (NYSE:ALEX), a USD$1.41B small-cap, operates in the real estate industry which remains the single largest sector globally, and has continued to play a key role in investor portfolios as an asset class. … Real estate analysts are forecasting for the entire industry, negative growth in the upcoming year , and a strong near-term growth of 16.67% over the next couple of years. … ALEX lags the pack with its negative growth rate of -16.80% over the past year, which indicates the company will be growing at a slower pace than its REIT peers.
Simply Wall St - – Full articleWhat Are Analysts Saying About Alexander & Baldwin Inc's (ALEX) Growth?
Alexander & Baldwin Inc (NYSE:ALEX)’s sound earnings growth per share is expected to be a double-digit 34.77% over the next three years. … This indicates a relatively solid earnings per share growth rate of 34.77% over the next few years, which is an optimistic outlook in the near term. … ALEX’s triple-digit earnings growth the past couple of years indicates that the company's past performance is quite revealing of future outcome.
Simply Wall St - – Full articleWhat Should We Expect From Alexander & Baldwin Inc's (ALEX) Earnings Over The Next Year?
Alexander & Baldwin Inc (NYSE:ALEX) is expected to deliver a solid 34.77% in earnings growth per share over the next three years. … This indicates a relatively solid earnings per share growth rate of 34.77% over the next few years, which is an optimistic outlook in the near term. … NYSE:ALEX Past Future Earnings Oct 26th 17 Is the growth built on solid basis?
Simply Wall St - – Full articleCompany Info
Description
Alexander & Baldwin, Inc. is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state. A&B's interests extend beyond commercial real estate into renewable energy and land stewardship. A&B is also a construction materials company and paving contractor in Hawai`i. Over its nearly 150-year history, A&B has evolved with the state's economy and played a lead role in the development of the agricultural, transportation, tourism, construction and real estate industries.
Details
| Name: | Alexander & Baldwin, Inc. |
| ALEX | |
| Exchange: | NYSE |
| Founded: | 1870 |
| $1,696,632,840 | |
| 72,135,750 | |
| Website: | http://www.alexanderbaldwin.com |
| Address: |
Alexander & Baldwin, Inc. 822 Bishop Street, Post Office Box 3440, Honolulu, Hawaii, 96801, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | ALEX | Common Stock | New York Stock Exchange | US | USD | 14. Jun 2012 | |
| DB | ABU | Common Stock | Deutsche Boerse AG | DE | EUR | 14. Jun 2012 |
Number of employees
Current staff
Industry
| Diversified REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/16 02:27 |
| End of day share price update: | 2019/05/15 00:00 |
| Last estimates confirmation: | 2019/05/03 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
