St. Joe
Market Cap
US$1.3b
Last Updated
2020/02/23 00:50 UTC
Data Sources
Company Financials
Executive Summary
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida, the United States.
Snowflake Analysis
Imperfect balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has St. Joe's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JOE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.0%
JOE
-1.6%
US Real Estate
-1.1%
US Market
1 Year Return
32.4%
JOE
6.5%
US Real Estate
17.9%
US Market
Return vs Industry: JOE exceeded the US Real Estate industry which returned 6.5% over the past year.
Return vs Market: JOE exceeded the US Market which returned 17.9% over the past year.
Shareholder returns
| JOE | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.0% | -1.6% | -1.1% |
| 30 Day | 0.9% | 1.5% | 1.4% |
| 90 Day | 22.6% | 7.4% | 6.9% |
| 1 Year | 32.4%32.4% | 7.4%6.5% | 20.3%17.9% |
| 3 Year | 29.3%29.3% | 27.7%24.6% | 47.8%38.3% |
| 5 Year | 26.7%26.7% | 15.0%11.2% | 71.9%53.0% |
Price Volatility Vs. Market
How volatile is St. Joe's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Here's Why St. Joe (NYSE:JOE) Can Manage Its Debt Responsibly3 weeks ago | Simply Wall St
Why The St. Joe Company's (NYSE:JOE) High P/E Ratio Isn't Necessarily A Bad Thing1 month ago | Simply Wall St
Is The St. Joe Company's (NYSE:JOE) ROE Of 3.4% Concerning?Valuation
Is St. Joe undervalued compared to its fair value and its price relative to the market?
72.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JOE ($21.53) is trading above our estimate of fair value ($0.3)
Significantly Below Fair Value: JOE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JOE is poor value based on its PE Ratio (72x) compared to the Real Estate industry average (22.8x).
PE vs Market: JOE is poor value based on its PE Ratio (72x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JOE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JOE is overvalued based on its PB Ratio (2.5x) compared to the US Real Estate industry average (1.4x).
Next Steps
Future Growth
How is St. Joe forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.3%
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as St. Joe has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of JOE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- St. Joe competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has St. Joe performed over the past 5 years?
-47.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JOE has a large one-off gain of $5.7M impacting its September 30 2019 financial results.
Growing Profit Margin: JOE's current net profit margins (17.9%) are lower than last year (61.2%).
Past Earnings Growth Analysis
Earnings Trend: JOE's earnings have declined by -47.4% per year over the past 5 years.
Accelerating Growth: JOE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JOE had negative earnings growth (-74.6%) over the past year, making it difficult to compare to the Real Estate industry average (-31.1%).
Return on Equity
High ROE: JOE's Return on Equity (3.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is St. Joe's financial position?
Financial Position Analysis
Short Term Liabilities: JOE's short term assets ($211.0M) exceed its short term liabilities ($28.2M).
Long Term Liabilities: JOE's short term assets ($211.0M) do not cover its long term liabilities ($347.3M).
Debt to Equity History and Analysis
Debt Level: JOE's debt to equity ratio (50.2%) is considered high.
Reducing Debt: JOE's debt to equity ratio has increased from 24.2% to 50.2% over the past 5 years.
Debt Coverage: JOE's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: JOE earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: JOE has a low level of unsold assets or inventory.
Debt Coverage by Assets: JOE's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is St. Joe's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate JOE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate JOE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if JOE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if JOE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: JOE is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of JOE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Jorge Gonzalez (54yo)
4.3yrs
Tenure
US$905,598
Compensation
Mr. Jorge Luis Gonzalez has been the Chief Executive Officer and President of The St. Joe Company since November 2015 and serves as its Chief Operating Officer. Mr. Gonzalez served as Senior Vice President ...
CEO Compensation Analysis
Compensation vs Market: Jorge's total compensation ($USD905.60K) is below average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Jorge's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$905.60k | 0.033% $423.7k | |
| Executive VP | 6.3yrs | US$855.60k | 0.0078% $99.5k | |
| Senior VP | 1.5yrs | US$329.49k | 0.0024% $31.0k | |
| Senior VP of Operations | 0yrs | US$315.40k | 0.0021% $27.4k | |
| Senior VP & Chief Administrative Officer | 8.1yrs | no data | no data | |
| Senior Vice President of Timberland | 8yrs | US$268.30k | no data | |
| Special Advisor | 5.5yrs | US$892.35k | no data |
5.9yrs
Average Tenure
54yo
Average Age
Experienced Management: JOE's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$905.60k | 0.033% $423.7k | |
| Independent Director | 8.9yrs | US$225.00k | 0.050% $645.9k | |
| Independent Director | 7.8yrs | US$125.00k | 0.0079% $101.2k | |
| Independent Chairman of the Board | 8.9yrs | no data | 2.64% $33.7m | |
| Independent Director | 8.8yrs | US$125.00k | 0.057% $734.5k | |
| Independent Director | 2.8yrs | US$148.75k | 0.0093% $118.8k |
8.3yrs
Average Tenure
66.5yo
Average Age
Experienced Board: JOE's board of directors are considered experienced (8.3 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
The St. Joe Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The St. Joe Company
- Ticker: JOE
- Exchange: NYSE
- Founded: 1936
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: US$1.279b
- Shares outstanding: 59.41m
- Website: https://www.joe.com
Number of Employees
Location
- The St. Joe Company
- 133 South Watersound Parkway
- Watersound
- Florida
- 32461
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JOE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 1976 |
| JOE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1976 |
Biography
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida, the United States. It operates through four segments: Residential Real Estate, Hospitality, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes. It primarily sells developed homesites and parcels of entitled undeveloped land. The Hospitality segment owns and operates the WaterColor Inn hotel, lodging facilities, restaurants, three golf courses, a beach club, two marinas, and other resort amenities; and manages The Pearl Hotel. The Commercial Leasing and Sales segment leases retail, office, and commercial properties, as well as cell towers and other assets. It also plans, develops, entitles, manages, and sells commercial land holdings for retail, office, hotel, assisted-living, multi-family, and industrial uses. The Forestry segment grows and sells pulpwood, saw timber, and other forest products. As of December 31, 2018, it had approximately 115,000 acres in Northwest Florida. The St. Joe Company was founded in 1936 and is headquartered in Watersound, Florida.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:50 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.