Matson, Inc.

Consumer Discretionary
Marine Transportation
www.matson.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $3.08B
PE 6
Debt $440.60M
Cash $266.80M
EV $3.25B
FCF $457.70M

Earnings

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Sales & Net Margins

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Earnings	$476.40M
EBIT	$599.40M
ROE	18%
ROA	13%
FCF	$457.70M
Equity	$2.65B
Growth Stability	41%
PE	6.46
PEG	0.25
PB	1.16
P/FCF	6.72
P/S	0.9
Price/Cash	0.09
Debt/Equity	0.17
Debt/FCF	0.96
Net Margins	14%
Op. Margins	18%
Earnings CAGR	30%
Sales Growth YoY	13%
Sales Growth QoQ	-7%
Sales CAGR	10%
FCF CAGR	30%
Equity CAGR	25%
Earnings Stability	0.49
Earnings Growth YoY	105%
Earnings Growth QoQ	-36%
Earnings CAGR 5Y	26%

Sales CAGR 5Y	9%
FCF CAGR 5Y	25%
Equity CAGR 5Y	31%
Earnings CAGR 3Y	-15%
Sales CAGR 3Y	-15%
FCF CAGR 3Y	-41%
Equity CAGR 3Y	9%
Market Cap	$3.08B
Revenue	$3.42B
Dividend Yield	1%
Payout Ratio	9%
Assets	$4.60B
Total Debt	$440.60M
Cash	$266.80M
Shares Outstanding	33M
EV	3.25B
Earnings Score	76%
Moat Score	94%
Safety Score	69%
Final Score	80%
Working Capital	49.2M
Current Ratio	1.09
Shares Growth 3y	-7%
Equity Growth QoQ	4%
Equity Growth YoY	10%

Assets & ROA

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Stockholders Equity & ROE

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Matson Inc is engaged in providing ocean transportation and logistics services. The business segments of the company are ocean transportation that provides ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, California, Okinawa, and different islands in the South Pacific and logistics that offers long haul and regional highway trucking services, warehousing and distribution services, supply chain management, and freight forwarding services. The firm generates majority revenue from ocean transportation.

SEC Filings

Direct access to Matson, Inc. (MATX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 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 Matson, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 30%

Stability 49%

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Matson, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Matson, Inc..

Years

Calculation mode

= $38B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$458M	$596M	$776M	$1B	$1.3B	$1.7B	$2.2B	$2.9B	$3.8B	$4.9B	$6.4B	$64B
DCF		$542M	$641M	$759M	$898M	$1.1B	$1.3B	$1.5B	$1.8B	$2.1B	$2.5B	$25B
Value	$38B

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	4%	11%	5%	4%	8%	24%	24%	10%	14%	14%
ROA	-	8%	7%	7%	5%	10%	32%	31%	9%	13%	13%
ROE	-	17%	34%	14%	10%	20%	56%	46%	12%	18%	18%

Good Net Margins (13.92%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-35.68	-10.81	-26.74	33.9	2.52	1.03	0.56	1.83	0.96	0.96
Debt over Equity	1	1.63	1.31	1.19	1.25	0.85	0.42	0.26	0.2	0.17	0.17
Growth Stability	-	-	-	79%	59%	100%	100%	100%	41%	62%	41%

Good Debt/FCF ratio (0.96)

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.

Good Debt/Equity ratio (0.17)

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

Bad Graham’s Stability (41%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	3%	5%	9%	-1%	8%	65%	11%	-29%	11%	9%
Earnings YoY growth	-	-22%	188%	-53%	-24%	133%	380%	15%	-72%	60%	26%
Equity YoY growth	-	5%	44%	11%	7%	19%	73%	38%	5%	10%	31%
FCF YoY growth	-	-112%	280%	-59%	-188%	995%	107%	58%	-75%	75%	25%