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MATX

MatsonNYSE:MATX Stock Report

Last Price

US$91.02

Market Cap

US$3.8b

7D

4.5%

1Y

34.7%

Updated

23 Jan, 2022

Data

Company Financials +
MATX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends1/6

MATX Stock Overview

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

Matson Competitors

ZIM Integrated Shipping Services

NYSE:ZIM

US$6.9b

Kirby

NYSE:KEX

US$3.8b

A.P. Møller - Mærsk

CPSE:MAERSK B

kr.407.4b

Hapag-Lloyd

XTRA:HLAG

€45.3b

Price History & Performance

Summary of all time highs, changes and price drops for Matson
Historical stock prices
Current Share PriceUS$91.02
52 Week HighUS$94.54
52 Week LowUS$58.49
Beta0.97
1 Month Change8.81%
3 Month Change5.87%
1 Year Change34.67%
3 Year Change172.76%
5 Year Change147.67%
Change since IPO146.00%

Recent News & Updates

Jan 20
Are Investors Undervaluing Matson, Inc. (NYSE:MATX) By 29%?

Are Investors Undervaluing Matson, Inc. (NYSE:MATX) By 29%?

In this article we are going to estimate the intrinsic value of Matson, Inc. ( NYSE:MATX ) by taking the expected...

Dec 27
Why We Like The Returns At Matson (NYSE:MATX)

Why We Like The Returns At Matson (NYSE:MATX)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

Shareholder Returns

MATXUS ShippingUS Market
7D4.5%-6.3%-6.1%
1Y34.7%36.9%4.2%

Return vs Industry: MATX underperformed the US Shipping industry which returned 36.9% over the past year.

Return vs Market: MATX exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is MATX's price volatile compared to industry and market?
MATX volatility
MATX Average Weekly Movement4.9%
Shipping Industry Average Movement7.6%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: MATX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: MATX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18824,149Matt 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$3.79b
Earnings (TTM)US$618.50m
Revenue (TTM)US$3.36b

6.1x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MATX income statement (TTM)
RevenueUS$3.36b
Cost of RevenueUS$2.34b
Gross ProfitUS$1.01b
ExpensesUS$396.40m
EarningsUS$618.50m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)14.86
Gross Margin30.22%
Net Profit Margin18.42%
Debt/Equity Ratio47.0%

How did MATX perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Matson undervalued compared to its fair value and its price relative to the market?

38.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MATX ($91.02) is trading below our estimate of fair value ($146.93)

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


Price To Earnings Ratio

PE vs Industry: MATX is poor value based on its PE Ratio (6.1x) compared to the US Shipping industry average (5.4x).

PE vs Market: MATX is good value based on its PE Ratio (6.1x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MATX is overvalued based on its PB Ratio (2.8x) compared to the US Shipping industry average (0.8x).


Future Growth

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

-39.1%

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 (-39.1% per year).

Earnings vs Market: MATX's earnings are forecast to decline over the next 3 years (-39.1% 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 (-5.1% per year).

High Growth Revenue: MATX's revenue is forecast to decline over the next 3 years (-5.1% 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


Past Performance

How has Matson performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MATX has high quality earnings.

Growing Profit Margin: MATX's current net profit margins (18.4%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: MATX's earnings have grown significantly by 26.2% per year over the past 5 years.

Accelerating Growth: MATX's earnings growth over the past year (402.4%) exceeds its 5-year average (26.2% per year).

Earnings vs Industry: MATX earnings growth over the past year (402.4%) underperformed the Shipping industry 517.7%.


Return on Equity

High ROE: MATX's Return on Equity (46%) is considered outstanding.


Financial Health

How is Matson's financial position?


Financial Position Analysis

Short Term Liabilities: MATX's short term assets ($481.7M) do not cover its short term liabilities ($547.3M).

Long Term Liabilities: MATX's short term assets ($481.7M) do not cover its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: MATX's net debt to equity ratio (41.4%) is considered high.

Reducing Debt: MATX's debt to equity ratio has reduced from 176.6% to 47% over the past 5 years.

Debt Coverage: MATX's debt is well covered by operating cash flow (117.4%).

Interest Coverage: MATX's interest payments on its debt are well covered by EBIT (34.7x coverage).


Balance Sheet


Dividend

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

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MATX's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: MATX's dividend (1.32%) is low compared to the top 25% of dividend payers in the US market (3.6%).


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 low payout ratio (6.9%), MATX's dividend payments are thoroughly 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?

6.4yrs

Average management tenure


CEO

Matt Cox (60 yo)

9.58yrs

Tenure

US$5,477,333

Compensation

Mr. Matthew J. Cox, also known as Matt, has served on the First Hawaiian Bank's board of directors since 2014. He has been Chairman and Chief Executive Officer of Matson, Inc. since 2012, having previously...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD5.48M) is about average for companies of similar size in the US market ($USD5.29M).

Compensation vs Earnings: Matt's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MATX's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: MATX's board of directors are considered experienced (5.6 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$3.789b
  • Shares outstanding: 41.63m
  • 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 Analysis2022/01/23 23:16
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.