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MATX

Matson NYSE:MATX Stock Report

Last Price

US$74.54

Market Cap

US$2.9b

7D

2.7%

1Y

16.2%

Updated

27 Jun, 2022

Data

Company Financials +
MATX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends3/6

MATX Stock Overview

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services.

Matson Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Matson
Historical stock prices
Current Share PriceUS$74.54
52 Week HighUS$125.34
52 Week LowUS$62.34
Beta1.04
1 Month Change-16.93%
3 Month Change-40.15%
1 Year Change16.16%
3 Year Change89.91%
5 Year Change143.67%
Change since IPO101.46%

Recent News & Updates

Jun 26
Matson (NYSE:MATX) Has Announced That It Will Be Increasing Its Dividend To US$0.31

Matson (NYSE:MATX) Has Announced That It Will Be Increasing Its Dividend To US$0.31

Matson, Inc. ( NYSE:MATX ) will increase its dividend on the 1st of September to US$0.31. Despite this raise, the...

Jun 06
Here's Why Matson (NYSE:MATX) Can Manage Its Debt Responsibly

Here's Why Matson (NYSE:MATX) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 13
When Should You Buy Matson, Inc. (NYSE:MATX)?

When Should You Buy Matson, Inc. (NYSE:MATX)?

Matson, Inc. ( NYSE:MATX ), might not be a large cap stock, but it received a lot of attention from a substantial price...

Shareholder Returns

MATXUS ShippingUS Market
7D2.7%-5.2%6.6%
1Y16.2%-6.3%-18.4%

Return vs Industry: MATX exceeded the US Shipping industry which returned -6.3% over the past year.

Return vs Market: MATX exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is MATX's price volatile compared to industry and market?
MATX volatility
MATX Average Weekly Movement8.4%
Shipping Industry Average Movement9.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: MATX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MATX's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18824,259Matt Coxhttps://www.matson.com

Matson, Inc., together with its subsidiaries, 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, e-commerce, and other retail merchandise.

Matson Fundamentals Summary

How do Matson's earnings and revenue compare to its market cap?
MATX fundamental statistics
Market CapUS$2.94b
Earnings (TTM)US$1.18b
Revenue (TTM)US$4.38b

2.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MATX income statement (TTM)
RevenueUS$4.38b
Cost of RevenueUS$2.72b
Gross ProfitUS$1.66b
Other ExpensesUS$483.00m
EarningsUS$1.18b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)29.09
Gross Margin37.96%
Net Profit Margin26.93%
Debt/Equity Ratio31.4%

How did MATX perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

4%

Payout Ratio

Does MATX pay a reliable dividends?

See MATX dividend history and benchmarks
When do you need to buy MATX by to receive an upcoming dividend?
Matson dividend dates
Ex Dividend DateAug 03 2022
Dividend Pay DateSep 01 2022
Days until Ex dividend36 days
Days until Dividend pay date65 days

Does MATX pay a reliable dividends?

See MATX dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MATX 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/Revenue0.8x
Enterprise Value/EBITDA2.3x
PEG Ratio-0.04x

Price to Earnings Ratio vs Peers

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

MATX PE Ratio vs Peers
The above table shows the PE ratio for MATX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.9x
SBLK Star Bulk Carriers
3.1x-13.8%US$2.5b
GOGL Golden Ocean Group
3.6x-20.4%US$2.3b
CMRE Costamare
3.1x11.3%US$1.4b
DAC Danaos
1.2x-37.2%US$1.3b
MATX Matson
2.5x-58.6%US$2.9b

Price-To-Earnings vs Peers: MATX is good value based on its Price-To-Earnings Ratio (2.5x) compared to the peer average (2.7x).


Price to Earnings Ratio vs Industry

How does MATX's PE Ratio compare vs other companies in the US Shipping Industry?

Price-To-Earnings vs Industry: MATX is good value based on its Price-To-Earnings Ratio (2.5x) compared to the US Shipping industry average (2.7x)


Price to Earnings Ratio vs Fair Ratio

What is MATX'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.

MATX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.6x
Fair PE Ratio2.6x

Price-To-Earnings vs Fair Ratio: MATX is good value based on its Price-To-Earnings Ratio (2.5x) compared to the estimated Fair Price-To-Earnings Ratio (2.6x).


Share Price vs Fair Value

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

Below Fair Value: MATX ($72.52) is trading above our estimate of fair value ($52.76)

Significantly Below Fair Value: MATX is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: MATX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Matson forecast to perform in the next 1 to 3 years based on estimates from 2 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


-58.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MATX's earnings are forecast to decline over the next 3 years (-58.6% per year).

Earnings vs Market: MATX's earnings are forecast to decline over the next 3 years (-58.6% per year).

High Growth Earnings: MATX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MATX's revenue is expected to decline over the next 3 years (-15.1% per year).

High Growth Revenue: MATX's revenue is forecast to decline over the next 3 years (-15.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MATX's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Matson performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


46.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MATX has high quality earnings.

Growing Profit Margin: MATX's current net profit margins (26.9%) are higher than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: MATX's earnings have grown significantly by 46.1% per year over the past 5 years.

Accelerating Growth: MATX's earnings growth over the past year (326.5%) exceeds its 5-year average (46.1% per year).

Earnings vs Industry: MATX earnings growth over the past year (326.5%) underperformed the Shipping industry 649.4%.


Return on Equity

High ROE: MATX's Return on Equity (61.7%) is considered outstanding.


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Financial Health

How is Matson's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MATX's short term assets ($874.8M) exceed its short term liabilities ($610.2M).

Long Term Liabilities: MATX's short term assets ($874.8M) do not cover its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: MATX's net debt to equity ratio (10.9%) is considered satisfactory.

Reducing Debt: MATX's debt to equity ratio has reduced from 167.3% to 31.4% over the past 5 years.

Debt Coverage: MATX's debt is well covered by operating cash flow (189%).

Interest Coverage: MATX's interest payments on its debt are well covered by EBIT (71x coverage).


Balance Sheet


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Dividend

What is Matson current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.66%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 27 2022Ex Dividend DateAug 03 2022Dividend Pay DateSep 01 202229 days from Ex DividendBuy in the next 36 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MATX's dividend (1.71%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: MATX's dividend (1.71%) is low compared to the top 25% of dividend payers in the US market (4.24%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4%), MATX's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.3%), MATX's dividend payments are thoroughly covered by cash flows.


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Management

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

6.8yrs

Average management tenure


CEO

Matt Cox (60 yo)

10yrs

Tenure

US$5,957,058

Compensation

Mr. Matthew J. Cox, also known as Matt, had served on the First Hawaiian Bank's board of directors since 2014 until 2022. He served as Independent Director at First Hawaiian, Inc. since 2016 until April 20...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD5.96M) is about average for companies of similar size in the US market ($USD6.88M).

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


Leadership Team

Experienced Management: MATX's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: MATX's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MATX insiders have only sold shares 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

Matson, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Matson, Inc.
  • Ticker: MATX
  • Exchange: NYSE
  • Founded: 1882
  • Industry: Marine
  • Sector: Transportation
  • Implied Market Cap: US$2.940b
  • Shares outstanding: 40.54m
  • Website: https://www.matson.com

Number of Employees


Location

  • Matson, Inc.
  • 1411 Sand Island Parkway
  • Honolulu
  • Hawaii
  • 96819
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
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.