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MLP

Maui Land & Pineapple Company NYSE:MLP Stock Report

Last Price

US$8.64

Market Cap

US$168.6m

7D

-4.2%

1Y

-17.3%

Updated

28 Sep, 2022

Data

Company Financials
MLP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

MLP Stock Overview

Maui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States.

Maui Land & Pineapple Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maui Land & Pineapple Company
Historical stock prices
Current Share PriceUS$8.64
52 Week HighUS$12.36
52 Week LowUS$8.51
Beta0.64
1 Month Change-11.93%
3 Month Change-8.77%
1 Year Change-17.32%
3 Year Change-16.20%
5 Year Change-40.62%
Change since IPO-26.47%

Recent News & Updates

Aug 11

Maui Land & Pineapple GAAP EPS of $0.54, revenue of $13.99M

Maui Land & Pineapple press release (NYSE:MLP): Q2 GAAP EPS of $0.54. Revenue of $13.99M (+182.6% Y/Y).

Shareholder Returns

MLPUS Real EstateUS Market
7D-4.2%-3.2%-2.0%
1Y-17.3%-44.8%-20.3%

Return vs Industry: MLP exceeded the US Real Estate industry which returned -46.5% over the past year.

Return vs Market: MLP exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is MLP's price volatile compared to industry and market?
MLP volatility
MLP Average Weekly Movement4.3%
Real Estate Industry Average Movement7.6%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: MLP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MLP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19099Warren Harukihttps://www.mauiland.com

Maui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sale of its landholdings on Maui.

Maui Land & Pineapple Company Fundamentals Summary

How do Maui Land & Pineapple Company's earnings and revenue compare to its market cap?
MLP fundamental statistics
Market CapUS$168.61m
Earnings (TTM)US$5.55m
Revenue (TTM)US$21.67m

30.4x

P/E Ratio

7.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MLP income statement (TTM)
RevenueUS$21.67m
Cost of RevenueUS$6.02m
Gross ProfitUS$15.65m
Other ExpensesUS$10.10m
EarningsUS$5.55m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin72.24%
Net Profit Margin25.61%
Debt/Equity Ratio0.0%

How did MLP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is MLP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MLP?

Other financial metrics that can be useful for relative valuation.

MLP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue7x
Enterprise Value/EBITDA22.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does MLP's PE Ratio compare to its peers?

MLP PE Ratio vs Peers
The above table shows the PE ratio for MLP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average4.5x
KANP Kaanapali Land
7.4xn/aUS$42.4m
STRS Stratus Properties
3.3xn/aUS$196.9m
FOR Forestar Group
3.4x-24.2%US$585.2m
AXR AMREP
3.8xn/aUS$60.9m
MLP Maui Land & Pineapple Company
30.4xn/aUS$168.6m

Price-To-Earnings vs Peers: MLP is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (4.5x).


Price to Earnings Ratio vs Industry

How does MLP's PE Ratio compare vs other companies in the US Real Estate Industry?

Price-To-Earnings vs Industry: MLP is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the US Real Estate industry average (7.4x)


Price to Earnings Ratio vs Fair Ratio

What is MLP'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.

MLP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MLP's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of MLP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MLP ($8.64) is trading below our estimate of fair value ($61.13)

Significantly Below Fair Value: MLP is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Maui Land & Pineapple Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.3%

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 Maui Land & Pineapple Company 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.


Discover growth companies

Past Performance

How has Maui Land & Pineapple Company performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-52.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MLP has high quality earnings.

Growing Profit Margin: MLP's current net profit margins (25.6%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: MLP's earnings have declined by 52.1% per year over the past 5 years.

Accelerating Growth: MLP's earnings growth over the past year (9305.1%) exceeds its 5-year average (-52.1% per year).

Earnings vs Industry: MLP earnings growth over the past year (9305.1%) exceeded the Real Estate industry 41.2%.


Return on Equity

High ROE: MLP's Return on Equity (16.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Maui Land & Pineapple Company's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MLP's short term assets ($21.7M) exceed its short term liabilities ($2.9M).

Long Term Liabilities: MLP's short term assets ($21.7M) exceed its long term liabilities ($11.6M).


Debt to Equity History and Analysis

Debt Level: MLP is debt free.

Reducing Debt: MLP has no debt compared to 5 years ago when its debt to equity ratio was 4%.

Debt Coverage: MLP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MLP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Maui Land & Pineapple Company current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Maui Land & Pineapple Company Dividend Yield vs Market
How does Maui Land & Pineapple Company dividend yield compare to the market?
SegmentDividend Yield
Company (Maui Land & Pineapple Company)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Real Estate)2.7%
Analyst forecast in 3 Years (Maui Land & Pineapple Company)n/a

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

High Dividend: Unable to evaluate MLP'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 MLP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MLP's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MLP has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Warren Haruki (69 yo)

16.5yrs

Tenure

US$1,096,362

Compensation

Mr. Warren Hiromu Haruki has been the Chief Executive Officer and President of Grove Farm Company Incorporated since February 2005. Mr. Haruki is the Chief Executive Officer of Maui Land & Pineapple Compan...


CEO Compensation Analysis

Warren Haruki's Compensation vs Maui Land & Pineapple Company Earnings
How has Warren Haruki's remuneration changed compared to Maui Land & Pineapple Company's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$6m

Mar 31 2022n/an/a

-US$3m

Dec 31 2021US$1mUS$415k

-US$3m

Sep 30 2021n/an/a

US$533k

Jun 30 2021n/an/a

US$59k

Mar 31 2021n/an/a

-US$2m

Dec 31 2020US$1mUS$415k

-US$2m

Sep 30 2020n/an/a

-US$7m

Jun 30 2020n/an/a

-US$7m

Mar 31 2020n/an/a

-US$7m

Dec 31 2019US$1mUS$394k

-US$7m

Sep 30 2019n/an/a

US$2m

Jun 30 2019n/an/a

US$554k

Mar 31 2019n/an/a

US$227k

Dec 31 2018US$1mUS$365k

US$347k

Sep 30 2018n/an/a

-US$4m

Jun 30 2018n/an/a

-US$3m

Mar 31 2018n/an/a

US$4m

Dec 31 2017US$325kUS$325k

US$11m

Sep 30 2017n/an/a

US$19m

Jun 30 2017n/an/a

US$22m

Mar 31 2017n/an/a

US$29m

Dec 31 2016US$1mUS$295k

US$22m

Sep 30 2016n/an/a

US$13m

Jun 30 2016n/an/a

US$21m

Mar 31 2016n/an/a

US$7m

Dec 31 2015US$643kUS$275k

US$7m

Compensation vs Market: Warren's total compensation ($USD1.10M) is below average for companies of similar size in the US market ($USD1.69M).

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


Leadership Team

Experienced Management: MLP's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: MLP's board of directors are considered experienced (7.4 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.


Recent Insider Transactions

NYSE:MLP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Jun 22SellUS$63,600Paulus SubrataIndividual6,000US$10.60

Ownership Breakdown

What is the ownership structure of MLP?
Owner TypeNumber of SharesOwnership Percentage
General Public3,148,88316.1%
Institutions3,701,90819.0%
Individual Insiders12,664,14064.9%

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


Top Shareholders

Top 25 shareholders own 83.78% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
61.41%
Stephen Case
11,983,386$103.5m0%no data
6.22%
TSP Capital Management Group, LLC
1,212,879$10.5m-0.17%4.54%
2.94%
Valueworks, LLC
573,978$5.0m-0.17%2.46%
2.72%
Warren Haruki
530,405$4.6m-0.39%no data
1.77%
Comprehensive Financial Management LLC
344,828$3.0m0%0.08%
1.6%
Oppenheimer Asset Management Inc.
311,418$2.7m-3.55%0.02%
1.48%
The Vanguard Group, Inc.
289,077$2.5m0.66%no data
1.36%
Dimensional Fund Advisors LP
265,272$2.3m5%no data
0.95%
BlackRock, Inc.
185,772$1.6m-0.78%no data
0.68%
Renaissance Technologies LLC
132,349$1.1m-2.07%no data
0.44%
Bridgeway Capital Management, LLC
86,567$747.9k0%0.02%
0.39%
Raymond James Financial Inc., Asset Management Arm
75,252$650.2k-3.66%no data
0.34%
Geode Capital Management, LLC
67,135$580.0k-2.89%no data
0.3%
Arthur Tokin
58,574$506.1k0%no data
0.26%
Millennium Management LLC
50,476$436.1k-5.45%no data
0.22%
Anthony Takitani
43,005$371.6k0%no data
0.15%
David Heenan
29,067$251.1k0%no data
0.13%
State Street Global Advisors, Inc.
26,192$226.3k0%no data
0.081%
Barclays PLC Private Banking & Investment Banking Investment
15,726$135.9k-5.75%no data
0.075%
Susquehanna Fundamental Investments, LLC
14,711$127.1k0%no data
0.069%
Susquehanna International Group, LLP, Asset Management Arm
13,390$115.7k-59.51%no data
0.063%
Paulus Subrata
12,228$105.6k-32.92%no data
0.061%
Northern Trust Global Investments
11,875$102.6k-6.08%no data
0.053%
Ergoteles LLC
10,423$90.1k-33.53%no data
0.027%
Michael Hotta
5,285$45.7k0%no data

Company Information

Maui Land & Pineapple Company, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Maui Land & Pineapple Company, Inc.
  • Ticker: MLP
  • Exchange: NYSE
  • Founded: 1909
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: US$168.609m
  • Shares outstanding: 19.51m
  • Website: https://www.mauiland.com

Number of Employees


Location

  • Maui Land & Pineapple Company, Inc.
  • 200 Village Road
  • Lahaina
  • Hawaii
  • 96761
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MLPNYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 1970

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.