NYSE:MATX

Stock Analysis Report

Executive Summary

Matson, Inc. provides ocean transportation and logistics services.

Snowflake

Fundamentals

Good value with mediocre balance sheet.


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


Market Performance


7 Day Return

-5.6%

MATX

-4.2%

US Shipping

-0.6%

US Market


1 Year Return

-0.7%

MATX

-8.1%

US Shipping

0.6%

US Market

MATX outperformed the Shipping industry which returned -8.1% over the past year.

MATX underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

MATXIndustryMarket
7 Day-5.6%-4.2%-0.6%
30 Day4.6%4.2%2.2%
90 Day4.0%9.4%1.1%
1 Year1.5%-0.7%-6.5%-8.1%2.9%0.6%
3 Year3.1%-3.8%10.9%2.6%44.6%35.2%
5 Year67.7%50.5%-65.9%-68.4%61.9%44.2%

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

3 weeks ago | Simply Wall St

Vicente Angoco Is The Senior Vice President of Pacific of Matson, Inc. (NYSE:MATX) And They Just Sold 26.8% Of Their Shares

Valuation

Is Matson undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Matson's share price is below the future cash flow value, and at a moderate discount (> 20%).

Matson's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Matson is good value based on earnings compared to the US Shipping industry average.

Matson is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Matson is poor value based on expected growth next year.


Price Based on Value of Assets

Matson is overvalued based on assets compared to the US Shipping industry average.


Next Steps

Future Growth

How is Matson expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Matson's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).

Matson's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).

Matson's revenue growth is positive but not above the United States of America market average.

Matson's earnings growth is positive but not above the United States of America market average.

Matson's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Matson will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Matson performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Matson has delivered over 20% year on year earnings growth in the past 5 years.

Matson's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Matson's 1-year earnings growth is negative, it can't be compared to the US Shipping industry average.


Return on Equity

Matson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Matson used its assets more efficiently than the US Shipping industry average last year based on Return on Assets.


Return on Capital Employed

Matson's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Matson's financial position?


Financial Position Analysis

Matson's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Matson's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Matson's level of debt (110.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (111% vs 110.4% today).

Debt is well covered by operating cash flow (34.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

2.26%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Matson's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Matson's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Matson's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Matt Cox (58yo)

7.3yrs

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

Matt's remuneration is about average for companies of similar size in United States of America.

Matt's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

58yo

Average Age

The tenure for the Matson management team is about average.


Board Age and Tenure

2.4yrs

Average Tenure

63yo

Average Age

The average tenure for the Matson board of directors is less than 3 years, this suggests a new board.


Insider Trading

Matson individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$565,72526 Aug 19
Vicente Angoco
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Pacific
Shares16,100
Max PriceUS$35.14
SellUS$94,08013 May 19
W. Baird
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$37.63
SellUS$153,00911 Mar 19
Michael Chun
EntityIndividual
Shares4,398
Max PriceUS$34.79
SellUS$109,28303 Dec 18
Peter Heilmann
EntityIndividual
Role
Chief Administrative Officer
Senior VP
Shares2,750
Max PriceUS$39.74

Ownership Breakdown


Management Team

  • Matt Cox (58yo)

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: US$4.56m
  • Keoni Wagner (58yo)

    Director of Corporate Communications

    • Tenure: 4.1yrs
  • Ron Forest (63yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$1.67m
  • John Lauer (58yo)

    Senior VP & Chief Commercial Officer

    • Tenure: 2.4yrs
    • Compensation: US$1.26m
  • Lee Fishman

    Director of Strategic Development & Investor Relations

    • Tenure: 0yrs
  • Vic Angoco (52yo)

    Senior Vice President of Pacific

    • Tenure: 7.3yrs
    • Compensation: US$848.54k
  • Joel Wine (47yo)

    Senior VP

    • Tenure: 8yrs
    • Compensation: US$1.73m
  • P. Weis

    Chief Information Officer & Senior VP

    • Tenure: 0yrs
  • Yolanda Gonzales

    Vice President of Human Resources

    • Tenure: 0yrs
  • Peter Heilmann (50yo)

    Senior VP

    • Tenure: 2.4yrs
    • Compensation: US$1.40m

Board Members

  • Stan Kuriyama (65yo)

    Lead Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$207.88k
  • W. Baird (58yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$188.94k
  • Connie Lau (66yo)

    Director

    • Tenure: 15.4yrs
    • Compensation: US$198.94k
  • Matt Cox (58yo)

    Chairman & CEO

    • Tenure: 7.3yrs
    • Compensation: US$4.56m
  • Mark Fukunaga (63yo)

    Director

    • Tenure: 1.4yrs
    • Compensation: US$162.63k
  • Tom Fargo (70yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$197.07k
  • Jenai Wall (60yo)

    Director

    • Tenure: 0.4yrs

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$1.651b
  • Shares outstanding: 42.86m
  • Website: https://www.matson.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MATXNYSE (New York Stock Exchange)YesCommon StockUSUSDDec 1972
MATXDB (Deutsche Boerse AG)YesCommon StockDEEURDec 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:31
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.