Rayonier
Market Cap
US$3.8b
Last Updated
2019/11/16 23:40 UTC
Data Sources
Company Financials +
Executive Summary
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.
Snowflake
Fundamentals
Moderate growth potential with questionable track record.
Similar Companies
Share Price & News
How has Rayonier's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RYN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
RYN
1.5%
US REITs
0.7%
US Market
1 Year Return
-5.9%
RYN
14.3%
US REITs
12.9%
US Market
Return vs Industry: RYN underperformed the US REITs industry which returned 14.3% over the past year.
Return vs Market: RYN underperformed the US Market which returned 12.9% over the past year.
Shareholder returns
| RYN | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 1.5% | 0.7% |
| 30 Day | 3.6% | -1.9% | 4.4% |
| 90 Day | 10.1% | 1.3% | 7.0% |
| 1 Year | -2.4%-5.9% | 19.1%14.3% | 15.4%12.9% |
| 3 Year | 22.5%10.6% | 41.3%23.7% | 49.1%39.5% |
| 5 Year | 32.7%10.5% | 57.6%24.8% | 62.7%44.7% |
Price Volatility Vs. Market
How volatile is Rayonier's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does It Make Sense To Buy Rayonier Inc. (NYSE:RYN) For Its Yield?1 month ago | Simply Wall St
Is Rayonier Inc. (NYSE:RYN) Excessively Paying Its CEO?1 month ago | Simply Wall St
Does Rayonier Inc. (NYSE:RYN) Create Value For Shareholders?Valuation
Is Rayonier undervalued compared to its fair value and its price relative to the market?
5.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RYN ($29.76) is trading below our estimate of fair value ($31.42)
Significantly Below Fair Value: RYN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: RYN is poor value based on its PE Ratio (85.3x) compared to the REITs industry average (38.2x).
PE vs Market: RYN is poor value based on its PE Ratio (85.3x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: RYN is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: RYN is overvalued based on its PB Ratio (2.7x) compared to the US REITs industry average (2x).
Next Steps
Future Growth
How is Rayonier forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
34.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RYN's forecast earnings growth (34.2% per year) is above the savings rate (2.7%).
Earnings vs Market: RYN's earnings (34.2% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RYN's revenue (3.3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: RYN's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RYN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Rayonier performed over the past 5 years?
8.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RYN has high quality earnings.
Growing Profit Margin: RYN's current net profit margins (6.5%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: RYN's earnings have grown by 8.6% per year over the past 5 years.
Accelerating Growth: RYN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RYN had negative earnings growth (-72.6%) over the past year, making it difficult to compare to the REITs industry average (8.7%).
Return on Equity
High ROE: RYN's Return on Equity (3.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Rayonier's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: RYN has a high level of physical assets or inventory.
Debt Coverage by Assets: RYN's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: RYN's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if RYN has a sufficient allowance for bad loans.
Low Risk Liabilities: RYN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if RYN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RYN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if RYN has an appropriate level of bad loans.
Next Steps
Dividend
What is Rayonier's current dividend yield, its reliability and sustainability?
3.63%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Rayonier before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RYN's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: RYN's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: RYN's dividend payments have been volatile in the past 10 years.
Growing Dividend: RYN's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (66.2%), RYN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RYN's dividends in 3 years are not forecast to be well covered by earnings (182.2% payout ratio).
Next Steps
Management
What is the CEO of Rayonier's salary, the management and board of directors tenure and is there insider trading?
4.9yrs
Average management tenure
CEO
Dave Nunes (57yo)
5.4yrs
Tenure
US$4,318,498
Compensation
Mr. David L. Nunes, also known as Dave, has been Chief Executive Officer, President and Director at Rayonier Inc. since June 30, 2014. Previously, Mr. Nunes served as the Chief Operating Officer at Rayonie ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD4.32M) is about average for companies of similar size in the US market ($USD5.11M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.9yrs
Average Tenure
48yo
Average Age
Experienced Management: RYN's management team is considered experienced (4.9 years average tenure).
Board Age and Tenure
5.4yrs
Average Tenure
58yo
Average Age
Experienced Board: RYN's board of directors are considered experienced (5.4 years average tenure).
Insider Trading
Insider Buying: RYN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$26.34 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 10,500 |
| Max Price | US$26.14 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 100 |
| Max Price | US$32.65 |
| Entity | Individual |
| Role | Chief Financial Officer Senior VP & CFO |
| Shares | 10,000 |
| Max Price | US$32.62 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Dave Nunes (57yo)
President
- Tenure: 5.4yrs
- Compensation: US$4.32m
Chris Corr (55yo)
Senior Vice President of Real Estate Development
- Tenure: 1.8yrs
- Compensation: US$963.91k
Mark Bridwell (57yo)
VP, General Counsel & Corporate Secretary
- Tenure: 5.4yrs
- Compensation: US$1.01m
Shelby Pyatt (48yo)
Vice President of Human Resources & Information Technology
- Tenure: 5.3yrs
- Compensation: US$433.37k
Doug Long (48yo)
Senior Vice President of Forest Resources
- Tenure: 3.9yrs
- Compensation: US$1.09m
Mark McHugh (43yo)
Senior VP & CFO
- Tenure: 4.9yrs
- Compensation: US$1.60m
April Tice (45yo)
Director of Financial Services & Corporate Controller
- Tenure: 3yrs
Board Members
Richard Kincaid (57yo)
Chairman of the Board
- Tenure: 5.4yrs
- Compensation: US$226.00k
Dave Nunes (57yo)
President
- Tenure: 5.4yrs
- Compensation: US$4.32m
Dod Fraser (69yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$187.13k
Bernie Lanigan (71yo)
Independent Director
- Tenure: 4.5yrs
- Compensation: US$168.50k
Scott Jones (60yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$173.02k
Keith Bass (55yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: US$172.39k
V. Martin (55yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$170.00k
Blanche Lincoln (58yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$164.00k
Andrew Wiltshire (61yo)
Independent Director
- Tenure: 4.5yrs
- Compensation: US$169.13k
Company Information
Rayonier Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rayonier Inc.
- Ticker: RYN
- Exchange: NYSE
- Founded: 1926
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$3.839b
- Shares outstanding: 129.00m
- Website: https://www.rayonier.com
Number of Employees
Location
- Rayonier Inc.
- Wildlight
- 1 Rayonier Way
- Yulee
- Florida
- 32097
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RYN | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Feb 1994 |
| RA6 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Feb 1994 |
Biography
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of September 30, 20 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/16 23:40 |
| End of Day Share Price | 2019/11/15 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.