Market Cap
US$1.7b
Last Updated
2020/01/17 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Matson, Inc. provides ocean transportation and logistics services.
Rewards
Risk Analysis
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
Share Price & News
How has Matson's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MATX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.4%
MATX
0.08%
US Shipping
2.0%
US Market
1 Year Return
16.7%
MATX
19.1%
US Shipping
23.5%
US Market
Return vs Industry: MATX underperformed the US Shipping industry which returned 26.2% over the past year.
Return vs Market: MATX underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| MATX | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 0.08% | 2.0% |
| 30 Day | 1.1% | 2.1% | 4.3% |
| 90 Day | 5.7% | 9.1% | 12.2% |
| 1 Year | 19.3%16.7% | 21.5%19.1% | 26.1%23.5% |
| 3 Year | 17.8%9.8% | 12.5%6.0% | 53.1%43.2% |
| 5 Year | 22.8%10.3% | -37.4%-43.9% | 75.5%56.1% |
Price Volatility Vs. Market
How volatile is Matson's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Matson (NYSE:MATX) Has A Somewhat Strained Balance Sheet2 weeks ago | Simply Wall St
Matson (NYSE:MATX) Shareholders Booked A 27% Gain In The Last Year4 weeks ago | Simply Wall St
At US$40.38, Is Matson, Inc. (NYSE:MATX) Worth Looking At Closely?Valuation
Is Matson undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MATX ($39.14) is trading below our estimate of fair value ($245.66)
Significantly Below Fair Value: MATX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MATX is good value based on its PE Ratio (19.1x) compared to the Shipping industry average (21.4x).
PE vs Market: MATX is poor value based on its PE Ratio (19.1x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: MATX is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: MATX is overvalued based on its PB Ratio (2.1x) compared to the US Shipping industry average (0.5x).
Next Steps
Future Growth
How is Matson forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
11.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MATX's forecast earnings growth (11.7% per year) is above the savings rate (1.7%).
Earnings vs Market: MATX's earnings (11.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: MATX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MATX's revenue (2.2% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: MATX's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MATX's Return on Equity is forecast to be low in 3 years time (11.3%).
Next Steps
Past Performance
How has Matson performed over the past 5 years?
15.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MATX has high quality earnings.
Growing Profit Margin: MATX's current net profit margins (3.9%) are lower than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: MATX's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: MATX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MATX had negative earnings growth (-65.5%) over the past year, making it difficult to compare to the Shipping industry average (-48.2%).
Return on Equity
High ROE: MATX's Return on Equity (11%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Matson's financial position?
Financial Position Analysis
Short Term Liabilities: MATX's short term assets ($299.5M) do not cover its short term liabilities ($437.7M).
Long Term Liabilities: MATX's short term assets ($299.5M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: MATX's debt to equity ratio (110.7%) is considered high.
Reducing Debt: MATX's debt to equity ratio has increased from 102.9% to 110.7% over the past 5 years.
Debt Coverage: MATX's debt is well covered by operating cash flow (32%).
Interest Coverage: MATX's interest payments on its debt are well covered by EBIT (5.3x coverage).
Balance Sheet
Inventory Level: MATX has a high level of physical assets or inventory.
Debt Coverage by Assets: MATX's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Matson's current dividend yield, its reliability and sustainability?
2.20%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MATX's dividend (2.25%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: MATX's dividend (2.25%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: MATX's dividend payments have been volatile in the past 10 years.
Growing Dividend: MATX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), MATX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MATX's dividends in 3 years are forecast to be well covered by earnings (39% payout ratio).
Next Steps
Management
What is the CEO of Matson's salary, the management and board of directors tenure and is there insider trading?
4.4yrs
Average management tenure
CEO
Matt Cox (58yo)
7.6yrs
Tenure
US$4,564,599
Compensation
Mr. Matthew J. Cox, also known as Matt, serves as Director of First Hawaiian Inc since 2016. Mr. Cox has been a Director at First Hawaiian Bank since 2014. Mr. Cox Serves as the Director at Matson Inc. sin ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD4.56M) is about average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.4yrs
Average Tenure
58yo
Average Age
Experienced Management: MATX's management team is considered experienced (4.4 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: MATX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: MATX insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$36.88 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$39.00 |
| Entity | Individual |
| Role | Chief Administrative Officer Senior VP |
| Shares | 4,460 |
| Max Price | US$39.33 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Pacific |
| Shares | 16,100 |
| Max Price | US$35.14 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,500 |
| Max Price | US$37.63 |
| Entity | Individual |
| Shares | 4,398 |
| Max Price | US$34.79 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Matt Cox (58yo)
Chairman & CEO
- Tenure: 7.6yrs
- Compensation: US$4.56m
Keoni Wagner (58yo)
Director of Corporate Communications
- Tenure: 4.4yrs
Ron Forest (63yo)
President
- Tenure: 2.8yrs
- Compensation: US$1.67m
John Lauer (58yo)
Senior VP & Chief Commercial Officer
- Tenure: 2.8yrs
- Compensation: US$1.26m
Lee Fishman
Director of Strategic Development & Investor Relations
Vic Angoco (52yo)
Senior Vice President of Pacific
- Tenure: 7.6yrs
- Compensation: US$848.54k
Joel Wine (47yo)
Senior VP
- Tenure: 8.3yrs
- Compensation: US$1.73m
P. Weis
Chief Information Officer & Senior VP
Yolanda Gonzales
Vice President of Human Resources
Peter Heilmann (50yo)
Senior VP
- Tenure: 2.8yrs
- Compensation: US$1.40m
Board Members
Stan Kuriyama (65yo)
Lead Independent Director
- Tenure: 1.8yrs
- Compensation: US$207.88k
W. Baird (58yo)
Independent Director
- Tenure: 13.6yrs
- Compensation: US$188.94k
Connie Lau (66yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$198.94k
Matt Cox (58yo)
Chairman & CEO
- Tenure: 7.6yrs
- Compensation: US$4.56m
Mark Fukunaga (63yo)
Independent Director
- Tenure: 1.8yrs
- Compensation: US$162.63k
Tom Fargo (70yo)
Independent Director
- Tenure: 8.1yrs
- Compensation: US$197.07k
Jenai Wall (60yo)
Director
- Tenure: 0.8yrs
Company Information
Matson, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Matson, Inc.
- Ticker: MATX
- Exchange: NYSE
- Founded: 1882
- Industry: Marine
- Sector: Transportation
- Market Cap: US$1.719b
- Shares outstanding: 42.87m
- Website: https://www.matson.com
Number of Employees
Location
- Matson, Inc.
- 1411 Sand Island Parkway
- Honolulu
- Hawaii
- 96819
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MATX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1972 |
| MATX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 1972 |
Biography
Matson, Inc. provides ocean transportation and logistics services. The company’s Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, it offers ship management services. The Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load forwarding services; warehousing and distribution services; and supply chain management services. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/17 23:31 |
| End of Day Share Price | 2020/01/17 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.