NYSE:JOE

Stock Analysis Report

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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. More Details


Snowflake Analysis

Proven track record with imperfect balance sheet.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: JOE's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

JOE

-0.4%

US Real Estate

0.6%

US Market


1 Year Return

77.2%

JOE

-2.5%

US Real Estate

22.7%

US Market

Return vs Industry: JOE exceeded the US Real Estate industry which returned -4.3% over the past year.

Return vs Market: JOE exceeded the US Market which returned 21% over the past year.


Shareholder returns

JOEIndustryMarket
7 Day1.3%-0.4%0.6%
30 Day22.5%4.1%13.1%
90 Day45.1%25.9%4.5%
1 Year77.6%77.2%0.04%-2.5%25.5%22.7%
3 Year79.5%79.1%3.1%-4.2%49.0%39.1%
5 Year80.5%80.1%10.4%-2.0%98.3%76.5%

Long-Term 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?

57.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JOE ($33.13) is trading above our estimate of fair value ($4.69)

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 (57.5x) compared to the US Real Estate industry average (36.7x).

PE vs Market: JOE is poor value based on its PE Ratio (57.5x) compared to the US market (19.3x).


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 (3.6x) compared to the US Real Estate industry average (1.1x).


Next Steps

Future Growth

How is St. Joe forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

59.3%

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

Past Performance

How has St. Joe performed over the past 5 years?

23.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JOE has a large one-off gain of $19.4M impacting its September 30 2020 financial results.

Growing Profit Margin: JOE's current net profit margins (24.5%) are higher than last year (17.9%).


Past Earnings Growth Analysis

Earnings Trend: JOE has become profitable over the past 5 years, growing earnings by 23.3% per year.

Accelerating Growth: JOE's earnings growth over the past year (88.3%) exceeds its 5-year average (23.3% per year).

Earnings vs Industry: JOE earnings growth over the past year (88.3%) exceeded the Real Estate industry -2.3%.


Return on Equity

High ROE: JOE's Return on Equity (6.2%) is considered low.


Next Steps

Financial Health

How is St. Joe's financial position?


Financial Position Analysis

Short Term Liabilities: JOE's short term assets ($200.3M) exceed its short term liabilities ($38.6M).

Long Term Liabilities: JOE's short term assets ($200.3M) do not cover its long term liabilities ($412.9M).


Debt to Equity History and Analysis

Debt Level: JOE's debt to equity ratio (58%) is considered high.

Reducing Debt: JOE's debt to equity ratio has increased from 36.4% to 58% over the past 5 years.

Debt Coverage: JOE's debt is not well covered by operating cash flow (11.9%).

Interest Coverage: JOE's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


Next Steps

Dividend

What is St. Joe current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate JOE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JOE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


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?

6.7yrs

Average management tenure


CEO

Jorge Gonzalez (55 yo)

5yrs

Tenure

US$1,041,626

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 ($USD1.04M) is below average for companies of similar size in the US market ($USD4.21M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jorge Gonzalez
President5yrsUS$1.04m0.036%
$ 698.4k
Marek Bakun
Executive VP7.08yrsUS$731.63k0.0097%
$ 189.6k
K. Goff
Senior VP & Chief Administrative Officer8.83yrsUS$222.64kno data
Elizabeth Walters
Senior VP2.25yrsUS$556.63k0.0049%
$ 94.8k
David Harrelson
Senior Vice President of Timberland8.75yrsUS$268.30kno data
Patrick Murphy
Senior VP of Operationsno dataUS$315.40kno data
L. Brady
Special Advisor6.25yrsUS$892.35kno data

6.7yrs

Average Tenure

55yo

Average Age

Experienced Management: JOE's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jorge Gonzalez
President5yrsUS$1.04m0.036%
$ 698.4k
Howard Frank
Independent Director9.67yrsUS$225.00k0.051%
$ 993.9k
Cesar Alvarez
Independent Director8.5yrsUS$125.00k0.0080%
$ 155.7k
Bruce Berkowitz
Independent Chairman of the Board9.67yrsno data2.65%
$ 51.7m
Thomas Murphy
Independent Director9.5yrsUS$125.00k0.058%
$ 1.1m

9.5yrs

Average Tenure

71yo

Average Age

Experienced Board: JOE's board of directors are considered experienced (9.5 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$1.951b
  • Shares outstanding: 58.88m
  • 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 Analysis2020/12/01 23:21
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.