Rayonier
Market Cap
US$5.0b
Last Updated
2021/07/23 02:42 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. More Details
Rewards
Risk Analysis
+ 2 more risks
Snowflake Analysis
Moderate growth potential unattractive dividend payer.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: RYN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-4.0%
RYN
-0.6%
US REITs
0.4%
US Market
1 Year Return
28.0%
RYN
33.8%
US REITs
36.9%
US Market
Return vs Industry: RYN underperformed the US REITs industry which returned 34.2% over the past year.
Return vs Market: RYN underperformed the US Market which returned 35.1% over the past year.
Shareholder returns
| RYN | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.0% | -0.6% | 0.4% |
| 30 Day | 5.8% | 2.1% | 1.6% |
| 90 Day | 1.2% | 7.7% | 2.7% |
| 1 Year | 32.5%28.0% | 38.2%33.8% | 39.1%36.9% |
| 3 Year | 16.2%4.0% | 46.2%29.8% | 61.0%51.0% |
| 5 Year | 59.6%33.6% | 49.7%20.8% | 122.5%97.8% |
Long-Term 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
2 weeks ago | Simply Wall St
Rayonier Inc. (NYSE:RYN) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Rayonier Inc. (NYSE:RYN)2 months ago | Simply Wall St
We Think The Compensation For Rayonier Inc.'s (NYSE:RYN) CEO Looks About RightValuation
Is Rayonier undervalued compared to its fair value and its price relative to the market?
18.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RYN ($36.28) is trading below our estimate of fair value ($44.25)
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 (223.6x) compared to the US REITs industry average (49.2x).
PE vs Market: RYN is poor value based on its PE Ratio (223.6x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: RYN is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: RYN is overvalued based on its PB Ratio (3.3x) compared to the US REITs industry average (1.9x).
Future Growth
How is Rayonier forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
47.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RYN's forecast earnings growth (47.3% per year) is above the savings rate (2%).
Earnings vs Market: RYN's earnings (47.3% per year) are forecast to grow faster than the US market (15.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RYN's revenue (5.4% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: RYN's revenue (5.4% 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
Past Performance
How has Rayonier performed over the past 5 years?
-25.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RYN has a large one-off loss of $29.7M impacting its March 31 2021 financial results.
Growing Profit Margin: RYN's current net profit margins (2.8%) are lower than last year (7.7%).
Past Earnings Growth Analysis
Earnings Trend: RYN's earnings have declined by 25.6% 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 (-63.3%) over the past year, making it difficult to compare to the REITs industry average (-10.5%).
Return on Equity
High ROE: RYN's Return on Equity (0.9%) is considered low.
Financial Health
How is Rayonier's financial position?
Financial Position Analysis
Short Term Liabilities: RYN's short term assets ($190.1M) exceed its short term liabilities ($100.8M).
Long Term Liabilities: RYN's short term assets ($190.1M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: RYN's debt to equity ratio (67.4%) is considered high.
Reducing Debt: RYN's debt to equity ratio has increased from 67.1% to 67.4% over the past 5 years.
Debt Coverage: RYN's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: RYN's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
Dividend
What is Rayonier current dividend yield, its reliability and sustainability?
2.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RYN's dividend (2.98%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: RYN's dividend (2.98%) is low compared to the top 25% of dividend payers in the US market (3.52%).
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 (65.1%), RYN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Dave Nunes (59 yo)
7.08yrs
Tenure
US$5,410,816
Compensation
Mr. David L. Nunes, also known as Dave, has been Chief Executive Officer, President and Director at Rayonier Inc. since June 30, 2014. Previously, Mr. Nunes served as the Chief Operating Officer at Rayonie...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD5.41M) is about average for companies of similar size in the US market ($USD6.41M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: RYN's management team is seasoned and experienced (6.6 years average tenure).
Board Members
Experienced Board: RYN's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RYN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.
Top Shareholders
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$5.038b
- Shares outstanding: 138.87m
- Website: https://www.rayonier.com
Number of Employees
Location
- Rayonier Inc.
- Wildlight
- 1 Rayonier Way
- Yulee
- Florida
- 32097
- United States
Listings
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 December 31, 202...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/07/23 02:42 |
| End of Day Share Price | 2021/07/22 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.