Alexander & Baldwin, Inc.

Real Estate
Real Estate Investment Trusts
www.alexanderbaldwin.com

Earnings Score
Moat Score

Market Cap $1.43B
PE 32
Debt $NaN
Cash $17.92M
EV $NaN
FCF $75.11M

Earnings

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Sales & Net Margins

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Earnings	$44.58M
EBIT	$79.28M
ROE	4%
ROA	5%
FCF	$75.11M
Equity	$998.18M
Growth Stability	-8K%
PE	32.03
PEG	1.95
PB	1.43
P/FCF	19.01
P/S	6.29
Price/Cash	0.01
Net Margins	28%
Op. Margins	35%
Earnings CAGR	-1%
Sales Growth YoY	18%
Sales Growth QoQ	21%
Sales CAGR	-11%
FCF CAGR	1%
Equity CAGR	-2%
Earnings Stability	0
Earnings Growth YoY	30%

Earnings Growth QoQ	109%
Earnings CAGR 5Y	16%
Sales CAGR 5Y	-16%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	-26%
Sales CAGR 3Y	-26%
FCF CAGR 3Y	-5%
Equity CAGR 3Y	-4%
Market Cap	$1.43B
Revenue	$227.09M
Dividend Yield	3%
Payout Ratio	110%
Assets	$1.65B
Cash	$17.92M
Shares Outstanding	72.6M
Earnings Score	6%
Moat Score	68%
Shares Growth 3y	-0%
Equity Growth QoQ	-0%
Equity Growth YoY	-3%

Assets & ROA

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Stockholders Equity & ROE

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Alexander & Baldwin Inc operates in the real estate sector. It functions through three segments namely Commercial Real Estate, Land Operations, and Materials & Construction. The Commercial Real Estate segment owns and manages retail, industrial and office properties in Hawaii and on the Mainland, thereby accounting for most of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. The Materials & construction segment represents the company's sale of asphalt and concrete. It also manages asphalt related construction services on a contract basis. Geographically, the activities are carried out across the United States.

SEC Filings

Direct access to Alexander & Baldwin, Inc. (ALEX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Alexander & Baldwin, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Alexander & Baldwin, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability 0%

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Alexander & Baldwin, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Alexander & Baldwin, Inc..

Years

Calculation mode

= $799M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$75M	$76M	$76M	$77M	$78M	$79M	$79M	$80M	$81M	$81M	$82M	$822M
DCF		$69M	$63M	$58M	$53M	$49M	$45M	$41M	$38M	$35M	$32M	$317M
Value	$799M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	11%	5%	-3%	54%	-11%	-9%	2%	9%	-22%	14%	28%
ROA	-	2%	2%	1%	8%	-1%	1%	3%	6%	4%	5%
ROE	-	2%	-1%	35%	-6%	-3%	0%	3%	-5%	3%	4%

Good Net Margins (27.6%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	7.97	214.69	-15.47	3.2	5.83	18.09	6.08	10.38	8.63	-
Debt over Equity	0.64	0.55	0.46	1.04	0.68	0.62	0.63	0.5	0.46	0.46	-
Growth Stability	-	-	-	100%	-88%	-79%	13%	-	-8K%	-	-8K%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-8K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	2%	-32%	10%	51%	-32%	-30%	24%	-39%	-9%	-16%
Earnings YoY growth	-	-57%	-138%	-2K%	-132%	-47%	-114%	575%	-245%	-158%	16%
Equity YoY growth	-	1%	-1%	-46%	86%	-7%	-3%	-3%	-3%	-3%	-3%
FCF YoY growth	-	-503%	-97%	-2K%	-683%	-53%	-69%	131%	-48%	18%	-8%