RAYONIER INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.16 USD | +0.13% |
|
-0.63% | -9.73% |
| Apr. 22 | RBC Trims Price Target on Rayonier to $34 From $35, Keeps Sector Perform Rating | MT |
| Mar. 08 | Rayonier Inc. Appoints Mark D. McHugh as Member of the Board on April 1, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,226 | 4,006 | 5,771 | 4,824 | 4,954 | 4,483 | - | - |
| Enterprise Value (EV) 1 | 5,212 | 5,226 | 6,780 | 6,224 | 6,112 | 5,660 | 5,650 | 5,697 |
| P/E ratio | 71.2 x | 109 x | 37.4 x | 45.2 x | 28.6 x | 62.3 x | 49.6 x | 45.7 x |
| Yield | 3.3% | 3.68% | 2.68% | 3.41% | 3.41% | 3.95% | 3.98% | 4.26% |
| Capitalization / Revenue | 5.94 x | 4.66 x | 5.2 x | 5.31 x | 4.69 x | 5.26 x | 5.09 x | 5.01 x |
| EV / Revenue | 7.32 x | 6.08 x | 6.11 x | 6.85 x | 5.78 x | 6.64 x | 6.41 x | 6.36 x |
| EV / EBITDA | 21 x | 19.5 x | 20.6 x | 19.8 x | 20.6 x | 18.4 x | 17.2 x | 17.1 x |
| EV / FCF | 34.7 x | 38 x | 27.2 x | 32 x | 28.2 x | 27.9 x | 25.3 x | 22.8 x |
| FCF Yield | 2.88% | 2.64% | 3.67% | 3.12% | 3.55% | 3.58% | 3.96% | 4.39% |
| Price to Book | 2.94 x | 2.67 x | 3.21 x | 2.6 x | 2.71 x | 2.59 x | - | - |
| Nbr of stocks (in thousands) | 128,996 | 136,349 | 142,993 | 146,348 | 148,274 | 148,647 | - | - |
| Reference price 2 | 32.76 | 29.38 | 40.36 | 32.96 | 33.41 | 30.16 | 30.16 | 30.16 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 711.6 | 859.2 | 1,110 | 909.1 | 1,057 | 852.1 | 881.5 | 895.1 |
| EBITDA 1 | 247.8 | 267.4 | 329.8 | 314.2 | 296.5 | 306.9 | 327.6 | 333.7 |
| EBIT 1 | 107 | 82.3 | 161.6 | 165.8 | 211.3 | 129.7 | 151.3 | 164.9 |
| Operating Margin | 15.04% | 9.58% | 14.56% | 18.24% | 19.99% | 15.22% | 17.16% | 18.42% |
| Earnings before Tax (EBT) 1 | 80.6 | 36.8 | 225.1 | 132.2 | 183.6 | 84.18 | 107 | 116.6 |
| Net income 1 | 59.1 | 37.1 | 152.6 | 107.1 | 173.5 | 72.3 | 91.2 | 98.65 |
| Net margin | 8.31% | 4.32% | 13.75% | 11.78% | 16.42% | 8.49% | 10.35% | 11.02% |
| EPS 2 | 0.4600 | 0.2700 | 1.080 | 0.7300 | 1.170 | 0.4840 | 0.6075 | 0.6600 |
| Free Cash Flow 1 | 150.3 | 137.7 | 249.1 | 194.4 | 217 | 202.5 | 223.5 | 250 |
| FCF margin | 21.12% | 16.03% | 22.45% | 21.38% | 20.53% | 23.77% | 25.35% | 27.93% |
| FCF Conversion (EBITDA) | 60.64% | 51.5% | 75.53% | 61.86% | 73.19% | 65.99% | 68.23% | 74.92% |
| FCF Conversion (Net income) | 254.24% | 371.16% | 163.24% | 181.49% | 125.07% | 280.08% | 245.08% | 253.41% |
| Dividend per Share 2 | 1.080 | 1.080 | 1.080 | 1.125 | 1.140 | 1.190 | 1.200 | 1.285 |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 364.7 | 262 | 222 | 246.3 | 195.3 | 245.4 | 179.1 | 208.9 | 201.6 | 467.4 | 190 | 231 | 215.7 | 214.7 | 214.3 |
| EBITDA 1 | 114.6 | 50.4 | 98.1 | 83 | 64.7 | 68.4 | 54.7 | 69.2 | 78.9 | 93.7 | 60.57 | 84.17 | 83.06 | 79.5 | 77.85 |
| EBIT 1 | 67.4 | 14.4 | 45.3 | 35.5 | 40.9 | 44.1 | 12.9 | 20.1 | 35.4 | 145.2 | 18.85 | 37.02 | 37.38 | 34.14 | 33.2 |
| Operating Margin | 18.48% | 5.5% | 20.41% | 14.41% | 20.94% | 17.97% | 7.2% | 9.62% | 17.56% | 31.07% | 9.92% | 16.02% | 17.33% | 15.9% | 15.49% |
| Earnings before Tax (EBT) 1 | 113.3 | 23.1 | 36.5 | 26.6 | 33.1 | 36 | 8.5 | 19.3 | 23.3 | 132.6 | 7.22 | 25.76 | 26.24 | 23.8 | 23.95 |
| Net income 1 | 75.8 | 8.7 | 29.3 | 24.1 | 20.6 | 33.1 | 8.3 | 19 | 19.2 | 126.9 | 4.975 | 22.98 | 23.1 | 20.65 | 20.2 |
| Net margin | 20.78% | 3.32% | 13.2% | 9.78% | 10.55% | 13.49% | 4.63% | 9.1% | 9.52% | 27.15% | 2.62% | 9.95% | 10.71% | 9.62% | 9.43% |
| EPS 2 | 0.5300 | 0.0600 | 0.2000 | 0.1600 | 0.1400 | 0.2200 | 0.0600 | 0.1300 | 0.1300 | 0.8500 | 0.0350 | 0.1525 | 0.1525 | 0.1375 | 0.1350 |
| Dividend per Share 2 | 0.2700 | 0.2700 | 0.2700 | 0.2850 | 0.2850 | 0.2850 | 0.2700 | 0.2850 | 0.2850 | 0.2800 | 0.2875 | 0.2875 | 0.2875 | 0.2875 | 0.2800 |
| Announcement Date | 11/3/21 | 2/2/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/1/23 | 5/3/23 | 8/2/23 | 11/1/23 | 1/31/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 986 | 1,220 | 1,009 | 1,400 | 1,158 | 1,177 | 1,167 | 1,214 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.981 x | 4.562 x | 3.06 x | 4.457 x | 3.906 x | 3.834 x | 3.563 x | 3.638 x |
| Free Cash Flow 1 | 150 | 138 | 249 | 194 | 217 | 203 | 224 | 250 |
| ROE (net income / shareholders' equity) | 3.94% | 2.3% | 5.8% | 5.89% | 9.31% | 4.1% | 5.87% | 6.74% |
| ROA (Net income/ Total Assets) | 2.1% | 1.02% | 2.56% | 2.88% | 4.67% | 2.2% | 2.6% | 3.1% |
| Assets 1 | 2,814 | 3,649 | 5,972 | 3,713 | 3,718 | 3,286 | 3,508 | 3,182 |
| Book Value Per Share 2 | 11.10 | 11.00 | 12.60 | 12.70 | 12.30 | 11.60 | - | - |
| Cash Flow per Share | 1.650 | 1.490 | 2.240 | - | - | - | - | - |
| Capex 1 | 206 | 66.5 | 76 | 74.8 | 81.4 | 84.8 | 83.7 | 80.8 |
| Capex / Sales | 28.99% | 7.74% | 6.85% | 8.23% | 7.7% | 9.95% | 9.49% | 9.03% |
| Announcement Date | 2/5/20 | 2/3/21 | 2/2/22 | 2/1/23 | 1/31/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
30.16
USD
Average target price
34.5
USD
Spread / Average Target
+14.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.73% | 4.48B | |
| -16.40% | 3.26B |
- Stock Market
- Equities
- RYN Stock
- Financials Rayonier Inc.
