Alexander & Baldwin
Market Cap
US$1.2b
Last Updated
2021/01/17 00:54 UTC
Data Sources
Company Financials +
Executive Summary
Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Alexander & Baldwin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ALEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: ALEX's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
ALEX
1.8%
US REITs
-1.0%
US Market
1 Year Return
-22.4%
ALEX
-10.7%
US REITs
19.6%
US Market
Return vs Industry: ALEX underperformed the US REITs industry which returned -10.8% over the past year.
Return vs Market: ALEX underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| ALEX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 1.8% | -1.0% |
| 30 Day | 3.1% | -1.3% | 2.2% |
| 90 Day | 44.6% | 4.1% | 11.5% |
| 1 Year | -20.9%-22.4% | -6.5%-10.7% | 22.3%19.6% |
| 3 Year | -36.0%-39.1% | 26.0%10.5% | 45.3%35.7% |
| 5 Year | -10.9%-45.8% | 53.1%21.7% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is Alexander & Baldwin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What You Need To Know About Alexander & Baldwin, Inc.'s (NYSE:ALEX) Investor Composition1 month ago | Simply Wall St
Alexander & Baldwin, Inc. (NYSE:ALEX) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?2 months ago | Simply Wall St
Reflecting on Alexander & Baldwin's (NYSE:ALEX) Share Price Returns Over The Last Three YearsValuation
Is Alexander & Baldwin undervalued compared to its fair value and its price relative to the market?
25.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ALEX ($17.01) is trading below our estimate of fair value ($22.96)
Significantly Below Fair Value: ALEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ALEX is poor value based on its PE Ratio (111.8x) compared to the US REITs industry average (37.9x).
PE vs Market: ALEX is poor value based on its PE Ratio (111.8x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: ALEX is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: ALEX is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Alexander & Baldwin forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
81.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALEX's forecast earnings growth (81% per year) is above the savings rate (2%).
Earnings vs Market: ALEX's earnings (81% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALEX's revenue (5.2% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ALEX's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ALEX's Return on Equity is forecast to be low in 3 years time (5.5%).
Next Steps
Past Performance
How has Alexander & Baldwin performed over the past 5 years?
-25.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALEX has a large one-off gain of $3.8M impacting its September 30 2020 financial results.
Growing Profit Margin: ALEX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ALEX's earnings have declined by 25.5% per year over the past 5 years.
Accelerating Growth: ALEX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ALEX has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (2.9%).
Return on Equity
High ROE: ALEX's Return on Equity (0.9%) is considered low.
Next Steps
Financial Health
How is Alexander & Baldwin's financial position?
Financial Position Analysis
Short Term Liabilities: ALEX's short term assets ($302.8M) exceed its short term liabilities ($104.9M).
Long Term Liabilities: ALEX's short term assets ($302.8M) do not cover its long term liabilities ($893.4M).
Debt to Equity History and Analysis
Debt Level: ALEX's debt to equity ratio (68.6%) is considered high.
Reducing Debt: ALEX's debt to equity ratio has increased from 47.6% to 68.6% over the past 5 years.
Debt Coverage: ALEX's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: ALEX's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Alexander & Baldwin current dividend yield, its reliability and sustainability?
3.53%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALEX's dividend (3.53%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: ALEX's dividend (3.53%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: ALEX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ALEX's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.6%), ALEX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ALEX's dividends in 3 years are forecast to be covered by earnings (99.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Chris Benjamin (57 yo)
5yrs
Tenure
US$3,913,066
Compensation
Mr. Christopher J. Benjamin, also known as Chris, has been the President of Alexander & Baldwin, Inc., (alternate name Matson, Inc.) since June 2012 and its Chief Executive Officer since January 1, 2016. M...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD3.91M) is about average for companies of similar size in the US market ($USD3.89M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5yrs | US$3.91m | 0.39% $ 4.8m | |
| Executive VP & CFO | 1.67yrs | US$1.20m | 0.038% $ 471.9k | |
| Executive VP & Chief Legal Officer | 8.58yrs | US$987.93k | 0.18% $ 2.2m | |
| Executive Vice President of External Affairs | 13.58yrs | US$979.98k | 0.17% $ 2.1m | |
| Executive VP & Chief Real Estate Officer | 3.25yrs | US$1.70m | 0.061% $ 746.6k | |
| Senior Vice President of Investments | 3yrs | no data | no data | |
| Senior VP | 3yrs | no data | 0.015% $ 187.4k | |
| Vice President of Investor Relations | 9yrs | no data | no data | |
| Senior Vice President of Development | 2.42yrs | no data | no data | |
| Senior Vice President of Asset Management | 3yrs | no data | no data | |
| Senior Vice President of Leasing | 2.17yrs | no data | no data | |
| VP & Corporate Secretary | no data | no data | no data |
3.0yrs
Average Tenure
55yo
Average Age
Experienced Management: ALEX's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5yrs | US$3.91m | 0.39% $ 4.8m | |
| Independent Director | 3.5yrs | US$153.50k | 0.014% $ 170.8k | |
| Lead Independent Director | no data | US$200.00k | 0.11% $ 1.3m | |
| Independent Chairman of the Board | 0.33yr | US$155.00k | 0.041% $ 499.7k | |
| Director | 1.75yrs | US$736.33k | 0.0052% $ 63.8k | |
| Independent Director | 9yrs | US$169.50k | 0.041% $ 499.7k | |
| Independent Director | 0.25yr | no data | no data |
2.6yrs
Average Tenure
62.5yo
Average Age
Experienced Board: ALEX's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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
Alexander & Baldwin, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Alexander & Baldwin, Inc.
- Ticker: ALEX
- Exchange: NYSE
- Founded: 1870
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: US$1.231b
- Shares outstanding: 72.35m
- Website: https://www.alexanderbaldwin.com
Number of Employees
Location
- Alexander & Baldwin, Inc.
- 822 Bishop Street
- Post Office Box 3440
- Honolulu
- Hawaii
- 96801
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ALEX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2012 |
| ABU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2012 |
Biography
Alexander & Baldwin, Inc. ("A&B") is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 00:54 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.