St Joe Co

Real Estate
Homebuilding
www.joe.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.82B
PE 42
Debt $448.46M
Cash $92.18M
EV $3.17B
FCF $82.48M

Earnings

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Sales & Net Margins

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Earnings	$66.31M
EBIT	$89.97M
ROE	9%
ROA	6%
FCF	$82.48M
Equity	$729.61M
Growth Stability	42%
PE	42.48
PEG	1.72
PB	3.86
P/FCF	34.15
P/S	7.31
Price/Cash	0.03
Debt/Equity	0.61
Debt/FCF	5.44
Net Margins	18%
Op. Margins	23%
Earnings CAGR	25%
Sales Growth YoY	-2%
Sales Growth QoQ	-11%
Sales CAGR	21%
FCF CAGR	6%
Equity CAGR	-1%
Earnings Stability	0.62
Earnings Growth YoY	-11%
Earnings Growth QoQ	-32%

Earnings CAGR 5Y	25%
Sales CAGR 5Y	29%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	18%
Sales CAGR 3Y	18%
FCF CAGR 3Y	-1%
Equity CAGR 3Y	6%
Market Cap	$2.82B
Revenue	$385.14M
Dividend Yield	1%
Payout Ratio	44%
Assets	$1.55B
Total Debt	$448.46M
Cash	$92.18M
Shares Outstanding	58.33M
EV	3.17B
Earnings Score	88%
Moat Score	85%
Safety Score	57%
Final Score	77%
Shares Growth 3y	-1%
Equity Growth QoQ	1%
Equity Growth YoY	5%

Assets & ROA

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Stockholders Equity & ROE

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The St. Joe Co is a real estate development, asset management and operating company. The company owns 170,000 acres of land in Northwest Florida. The Bay-Walton Sector Plan originally included 110,500 acres of land, entitles, or gives legal rights to develop over 170,000 residential dwelling units, over 22 million square feet of retail, commercial and industrial space, and 3,000 hotel rooms on lands within Florida's Bay and Walton counties. Its operations are reported in three segments namely residential, hospitality and commercial.

SEC Filings

Direct access to St Joe Co (JOE) 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 St Joe Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of St Joe Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 25%

Stability 62%

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St Joe Co Discounted Cash Flow

Fully customizable DCF calculator online for St Joe Co.

Years

Calculation mode

= $1.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$82M	$88M	$93M	$99M	$105M	$112M	$118M	$126M	$134M	$142M	$151M	$1.5B
DCF		$80M	$77M	$74M	$72M	$69M	$67M	$65M	$62M	$60M	$58M	$582M
Value	$1.3B

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	58%	-2%	16%	60%	29%	21%	28%	28%	28%	19%	18%
ROA	-	1%	3%	6%	5%	5%	7%	10%	7%	7%	6%
ROE	-	-0%	2%	10%	6%	5%	8%	12%	11%	11%	9%

Good Net Margins (18.19%)

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	-	11.14	3.48K	3.54	-18.8	-1.13	-1.29	-2.56	-1.27	4.7	5.44
Debt over Equity	0.07	0.08	0.08	0.09	0.13	0.18	0.28	0.36	0.6	0.66	0.61
Growth Stability	-	-	-	42%	100%	75%	100%	100%	100%	100%	42%

Bad Debt/FCF ratio (5.44)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.61)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (42%)

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	-	-85%	-8%	3%	12%	15%	26%	66%	-5%	54%	29%
Earnings YoY growth	-	-100%	-885%	283%	-47%	-16%	70%	63%	-5%	5%	25%
Equity YoY growth	-	-31%	2%	-14%	-10%	-1%	7%	10%	4%	7%	7%
FCF YoY growth	-	-98%	-100%	99K%	-124%	2K%	49%	-29%	247%	-132%	-0%