NYSE:JOE

Stock Analysis Report

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

Fundamentals

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

-0.7%

JOE

1.0%

US Real Estate

0.9%

US Market


1 Year Return

25.1%

JOE

13.9%

US Real Estate

16.8%

US Market

Return vs Industry: JOE exceeded the US Real Estate industry which returned 13.9% over the past year.

Return vs Market: JOE exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

JOEIndustryMarket
7 Day-0.7%1.0%0.9%
30 Day-1.4%4.7%4.5%
90 Day-0.2%7.7%6.2%
1 Year25.1%25.1%14.9%13.9%19.4%16.8%
3 Year-11.5%-11.5%30.7%27.5%47.5%38.0%
5 Year-3.8%-3.8%9.9%6.3%62.0%44.1%

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

Valuation

Is St. Joe undervalued compared to its fair value and its price relative to the market?

60.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JOE ($18.05) is trading above our estimate of fair value ($0.28)

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 (60.4x) compared to the Real Estate industry average (25.7x).

PE vs Market: JOE is poor value based on its PE Ratio (60.4x) 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 (2.1x) 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?

10.1%

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

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 large one-off items impacting its 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 (-25.2%).


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) exceeds 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

company0%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

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

What is the CEO of St. Joe's salary, the management and board of directors tenure and is there insider trading?

5.7yrs

Average management tenure


CEO

Jorge Gonzalez (54yo)

4yrs

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 ($USD905.60K) is below average for companies of similar size in the US market ($USD2.63M).

Compensation vs Earnings: Jorge's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.7yrs

Average Tenure

54yo

Average Age

Experienced Management: JOE's management team is seasoned and experienced (5.7 years average tenure).


Board Age and Tenure

8.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: JOE's board of directors are considered experienced (8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$24,79612 Aug 19
Jorge Gonzalez
EntityIndividual
Role
Chief Executive Officer
President
Shares1,430
Max PriceUS$17.34
BuyUS$21,46105 Jun 19
Jorge Gonzalez
EntityIndividual
Role
Chief Executive Officer
President
Shares1,350
Max PriceUS$15.90
BuyUS$19,58428 May 19
Jorge Gonzalez
EntityIndividual
Role
Chief Executive Officer
President
Shares1,200
Max PriceUS$16.32
BuyUS$24,44407 May 19
Jorge Gonzalez
EntityIndividual
Role
Chief Executive Officer
President
Shares1,400
Max PriceUS$17.46
BuyUS$17,44007 May 19
Marek Bakun
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,000
Max PriceUS$17.44
BuyUS$24,63307 May 19
Elizabeth Walters
EntityIndividual
Role
Chief Legal Officer
Senior VP
Shares1,438
Max PriceUS$17.13
BuyUS$24,80326 Nov 18
Jorge Gonzalez
EntityIndividual
Role
Chief Executive Officer
President
Shares1,700
Max PriceUS$14.59

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • L. Brady (71yo)

    Special Advisor

    • Tenure: 5.3yrs
    • Compensation: US$892.35k
  • K. Goff

    Senior VP & Chief Administrative Officer

    • Tenure: 7.8yrs
  • Jorge Gonzalez (54yo)

    President

    • Tenure: 4yrs
    • Compensation: US$905.60k
  • David Harrelson (63yo)

    Senior Vice President of Timberland

    • Tenure: 7.8yrs
    • Compensation: US$268.30k
  • Marek Bakun (47yo)

    Executive VP

    • Tenure: 6.1yrs
    • Compensation: US$855.60k
  • Patrick Murphy (48yo)

    Senior VP of Operations

    • Tenure: 0yrs
    • Compensation: US$315.40k
  • Lisa Walters

    Senior VP

    • Tenure: 1.3yrs
    • Compensation: US$329.49k

Board Members

  • Howard Frank (78yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$225.00k
  • Cesar Alvarez (71yo)

    Independent Director

    • Tenure: 7.5yrs
    • Compensation: US$125.00k
  • Bruce Berkowitz (60yo)

    Independent Chairman of the Board

    • Tenure: 8.7yrs
  • Thomas Murphy (70yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$125.00k
  • Jim Hunt (63yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$148.75k
  • Jorge Gonzalez (54yo)

    President

    • Tenure: 4yrs
    • Compensation: US$905.60k

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$1.083b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JOENYSE (New York Stock Exchange)YesCommon StockUSUSDMar 1976
JOEDB (Deutsche Boerse AG)YesCommon StockDEEURMar 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 segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 23:43
End of Day Share Price2019/11/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.