| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
ALEX Stock Overview
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.
Alexander & Baldwin Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$17.95 |
| 52 Week High | US$26.57 |
| 52 Week Low | US$17.43 |
| Beta | 1.27 |
| 1 Month Change | -12.01% |
| 3 Month Change | -23.94% |
| 1 Year Change | -4.01% |
| 3 Year Change | -22.29% |
| 5 Year Change | -55.92% |
| Change since IPO | -31.57% |
Recent News & Updates
With EPS Growth And More, Alexander & Baldwin (NYSE:ALEX) Is Interesting
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Shareholder Returns
| ALEX | US REITs | US Market | |
|---|---|---|---|
| 7D | -0.2% | 1.8% | 1.6% |
| 1Y | -4.0% | -9.2% | -20.8% |
Return vs Industry: ALEX exceeded the US REITs industry which returned -9.2% over the past year.
Return vs Market: ALEX exceeded the US Market which returned -20.8% over the past year.
Price Volatility
| ALEX volatility | |
|---|---|
| ALEX Average Weekly Movement | 4.2% |
| REITs Industry Average Movement | 4.8% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: ALEX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ALEX's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1870 | 611 | Chris Benjamin | https://www.alexanderbaldwin.com |
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 approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 72% of A&B's total assets.
Alexander & Baldwin Fundamentals Summary
| ALEX fundamental statistics | |
|---|---|
| Market Cap | US$1.30b |
| Earnings (TTM) | US$36.80m |
| Revenue (TTM) | US$412.20m |
35.5x
P/E Ratio3.2x
P/S RatioIs ALEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ALEX income statement (TTM) | |
|---|---|
| Revenue | US$412.20m |
| Cost of Revenue | US$266.30m |
| Gross Profit | US$145.90m |
| Other Expenses | US$109.10m |
| Earnings | US$36.80m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.51 |
| Gross Margin | 35.39% |
| Net Profit Margin | 8.93% |
| Debt/Equity Ratio | 48.3% |
How did ALEX perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield73%
Payout RatioValuation
Is ALEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ALEX?
Other financial metrics that can be useful for relative valuation.
| What is ALEX's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.30b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 4.4x |
| Enterprise Value/EBITDA | 13.3x |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does ALEX's PE Ratio compare to its peers?
| ALEX PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 78.9x | ||
STAR iStar | 198x | -99.1% | US$1.1b |
AHH Armada Hoffler Properties | 57.4x | -2.4% | US$1.1b |
AAT American Assets Trust | 47.8x | 11.5% | US$2.3b |
OLP One Liberty Properties | 12.5x | -54.7% | US$548.9m |
ALEX Alexander & Baldwin | 35.5x | 71.7% | US$1.3b |
Price-To-Earnings vs Peers: ALEX is good value based on its Price-To-Earnings Ratio (35.5x) compared to the peer average (78.9x).
Price to Earnings Ratio vs Industry
How does ALEX's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: ALEX is expensive based on its Price-To-Earnings Ratio (35.5x) compared to the US REITs industry average (31.4x)
Price to Earnings Ratio vs Fair Ratio
What is ALEX'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 35.5x |
| Fair PE Ratio | 88.7x |
Price-To-Earnings vs Fair Ratio: ALEX is good value based on its Price-To-Earnings Ratio (35.5x) compared to the estimated Fair Price-To-Earnings Ratio (88.7x).
Share Price vs Fair Value
What is the Fair Price of ALEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ALEX ($17.95) is trading below our estimate of fair value ($20.21)
Significantly Below Fair Value: ALEX is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: ALEX is good value based on its PEG Ratio (0.5x)
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Future Growth
How is Alexander & Baldwin forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
71.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ALEX's forecast earnings growth (71.7% per year) is above the savings rate (1.9%).
Earnings vs Market: ALEX's earnings (71.7% per year) are forecast to grow faster than the US market (13.7% per year).
High Growth Earnings: ALEX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ALEX's revenue is expected to decline over the next 3 years (-2% per year).
High Growth Revenue: ALEX's revenue is forecast to decline over the next 3 years (-2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ALEX's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Alexander & Baldwin performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-28.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ALEX has a large one-off loss of $26.3M impacting its March 31 2022 financial results.
Growing Profit Margin: ALEX's current net profit margins (8.9%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: ALEX's earnings have declined by 28.8% per year over the past 5 years.
Accelerating Growth: ALEX's earnings growth over the past year (275.5%) exceeds its 5-year average (-28.8% per year).
Earnings vs Industry: ALEX earnings growth over the past year (275.5%) exceeded the REITs industry 69.5%.
Return on Equity
High ROE: ALEX's Return on Equity (3.5%) is considered low.
Discover strong past performing companies
Financial Health
How is Alexander & Baldwin's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: ALEX's short term assets ($218.6M) exceed its short term liabilities ($111.2M).
Long Term Liabilities: ALEX's short term assets ($218.6M) do not cover its long term liabilities ($665.6M).
Debt to Equity History and Analysis
Debt Level: ALEX's net debt to equity ratio (45.2%) is considered high.
Reducing Debt: ALEX's debt to equity ratio has increased from 45.8% to 48.3% over the past 5 years.
Debt Coverage: ALEX's debt is well covered by operating cash flow (21.3%).
Interest Coverage: ALEX's interest payments on its debt are well covered by EBIT (3.6x coverage).
Balance Sheet
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Dividend
What is Alexander & Baldwin current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ALEX's dividend (4.46%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: ALEX's dividend (4.46%) is in the top 25% of dividend payers in the US market (4.3%)
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 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.5%), ALEX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.4%), ALEX's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Chris Benjamin (58 yo)
10yrs
Tenure
US$4,136,553
Compensation
Mr. Christopher J. Benjamin, also known as Chris, has been the President of Alexander & Baldwin, Inc., since June 2012 and has been its Chief Executive Officer since January 1, 2016. Mr. Benjamin served as...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD4.14M) is about average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ALEX's management team is considered experienced (4.4 years average tenure).
Board Members
Experienced Board: ALEX's board of directors are considered experienced (6.4 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Alexander & Baldwin, Inc.'s 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
- Implied Market Cap: US$1.305b
- Shares outstanding: 72.68m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/30 00:00 |
| End of Day Share Price | 2022/06/30 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.