A Business at a Glance
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Alexander & Baldwin, Inc.
ALEX
$1.5B
Mkt Cap
Alexander & Baldwin, Inc. (ALEX) has a current P/E ratio of 23.4, compared to its historical median P/E of 23.2. The stock is currently considered Fair based on its historical valuation range.
Alexander & Baldwin, Inc. (ALEX) has a 5-year average return on invested capital (ROIC) of 5.7%. This is below average and may indicate limited pricing power.
Alexander & Baldwin, Inc. (ALEX) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Yes, Alexander & Baldwin, Inc. (ALEX) pays a dividend with a trailing twelve-month yield of 4.34%. The company also returns capital through share buybacks, with a buyback yield of 0.38%.
Based on historical P/E analysis, Alexander & Baldwin, Inc. (ALEX) appears fair. The current P/E of 23.4 is 1% above its historical median of 23.2. The estimated fair value CAGR (P/E method) is 8.4%.
Alexander & Baldwin, Inc. (ALEX) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Alexander & Baldwin, Inc. ("A&B," the "Company," "we," "our," or "us") is a fully integrated real estate investment trust ("REIT") whose history in Hawai‘i dates back to 1870. Over time, the Company has evolved from a 571-acre sugar plantation on Maui to become one of Hawai‘i's premier commercial real estate companies and the owner of the largest grocery-anchored, neighborhood shopping center portfolio in the state. The Company's commercial real estate portfolio is geographically focused in Hawai‘i, where it benefits from its deep local roots, broad experience base, and strong relationships and reputation in the islands. The Company's commercial real estate portfolio consists of 22 retail centers, 14 industrial assets, and four office properties, representing approximately four million square feet of gross leasable area ("GLA"), as well as 145 acres of commercial land in Hawai‘i, of which substantially all is leased pursuant to urban ground leases.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 207M | 207M | 237M | 209M | 231M | 254M |
| Net Income | 65M | 65M | 61M | 30M | -51M | 35M |
| EPS | $0.89 | $0.89 | $0.83 | $0.41 | $-0.70 | $0.48 |
| Free Cash Flow | 27M | 27M | 77M | 45M | 12M | 94M |
| ROIC | 5.5% | 5.5% | 5.5% | 4.4% | 7.7% | 5.2% |
| Gross Margin | 54.6% | 54.6% | 55.2% | 57.7% | 51.9% | 57.2% |
| Debt/Equity | 0.50 | 0.50 | 0.47 | 0.46 | 0.46 | 0.50 |
| Dividends/Share | $0.90 | $1.03 | $0.89 | $0.88 | $0.83 | $0.67 |
| Operating Income | 80M | 80M | 80M | 65M | 116M | 85M |
| Operating Margin | 38.7% | 38.7% | 33.7% | 30.9% | 50.2% | 33.6% |
| ROE | 6.6% | 6.5% | 6.0% | 2.9% | -4.8% | 3.2% |
| Shares Outstanding | 73M | 73M | 73M | 72M | 73M | 73M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 456M | 473M | 388M | 426M | 644M | 435M | 190M | 254M | 231M | 209M | 237M | 207M | 207M |
| Gross Margin | 1.1% | 0.9% | 10.2% | 8.0% | 5.3% | 4.3% | 49.6% | 57.2% | 51.9% | 57.7% | 55.2% | 54.6% | 54.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 53M | 52M | 52M | 66M | 61M | 59M | 31M | 37M | 36M | 34M | 30M | 28M | 28M |
| EBIT | 77M | 94M | 54M | 29M | 173M | -14M | 42M | 85M | 116M | 65M | 80M | 80M | 80M |
| Op. Margin | 16.8% | 19.9% | 13.9% | 6.8% | 26.8% | -3.3% | 22.3% | 33.6% | 50.2% | 30.9% | 33.7% | 38.7% | 38.7% |
| Net Income | 61M | 27M | -8.9M | 230M | -72M | -37M | 5.5M | 35M | -51M | 30M | 61M | 65M | 65M |
| Net Margin | 13.5% | 5.6% | -2.3% | 54.1% | -11.2% | -8.4% | 2.9% | 13.8% | -22.1% | 14.2% | 25.6% | 31.3% | 31.3% |
| Non-Recurring | 0 | 5.8M | 17M | 32M | 89M | 51M | 9.4M | 4.7M | 59M | 5.9M | 2.5M | 20M | 20M |
| Returns on Capital | |||||||||||||
| ROIC | 3.7% | 3.2% | 2.8% | 15.8% | 10.9% | -1.9% | 2.4% | 5.2% | 7.7% | 4.4% | 5.5% | 5.5% | 5.5% |
| ROE | 5.2% | 2.2% | -0.7% | 24.8% | -7.8% | -3.1% | 0.5% | 3.2% | -4.8% | 2.9% | 6.0% | 6.5% | 6.6% |
| ROA | 2.7% | 1.2% | -0.4% | 10.5% | -3.2% | -1.7% | 0.3% | 1.8% | -2.8% | 1.7% | 3.6% | 3.9% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 40M | 129M | 111M | -1.3M | 310M | 158M | 63M | 124M | 34M | 67M | 98M | 80M | 80M |
| Free Cash Flow | -20M | 84M | 78M | -34M | 256M | 121M | 43M | 94M | 12M | 45M | 77M | 27M | 27M |
| Owner Earnings | -20M | 69M | -12M | -47M | 262M | 102M | 15M | 79M | -9.0M | 24M | 57M | 35M | 35M |
| CapEx | 60M | 45M | 34M | 32M | 54M | 37M | 21M | 30M | 22M | 22M | 21M | 52M | 52M |
| Maint. CapEx | 55M | 56M | 120M | 41M | 43M | 51M | 43M | 40M | 38M | 37M | 36M | 38M | 38M |
| Growth CapEx | 5.2M | 0 | 0 | 0 | 12M | 0 | 0 | 0 | 0 | 0 | 0 | 14M | 14M |
| D&A | 55M | 56M | 120M | 41M | 43M | 51M | 43M | 40M | 38M | 37M | 36M | 38M | 38M |
| CapEx/OCF | 154.0% | 33.6% | 104.4% | N/A | 17.6% | 23.3% | 39.8% | 24.4% | 63.8% | 32.3% | 21.4% | 65.7% | 65.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 8.3M | 10M | 12M | 10M | 157M | 50M | 14M | 47M | 58M | 64M | 65M | 66M | 66M |
| Dividend Yield | 0.9% | 1.1% | 1.4% | 0.9% | 12.9% | 3.9% | 1.8% | 4.0% | 4.7% | 5.6% | 5.4% | 5.3% | 4.3% |
| Share Buybacks | 0 | 0 | 700K | 7.2M | 1.5M | 1.0M | 600K | 1.3M | 7.3M | 5.4M | 3.0M | 5.7M | 5.7M |
| Buyback Yield | N/A | N/A | N/A | 0.6% | 0.2% | 0.1% | 0.1% | 0.1% | 0.6% | 0.4% | 0.2% | 0.4% | 0.4% |
| Stock-Based Comp | 4.9M | 4.7M | 4.1M | 4.4M | 4.7M | 5.4M | 5.8M | 5.9M | 4.9M | 6.1M | 4.8M | 5.9M | 5.9M |
| Debt Repayment | 224M | 248M | 334M | 181M | 468M | 204M | 182M | 289M | 23M | 35M | 167M | 41M | 41M |
| Balance Sheet | |||||||||||||
| Net Debt | 641M | 583M | 503M | 562M | 767M | 689M | 632M | 465M | 439M | 450M | 441M | 480M | 480M |
| Cash & Equiv. | 2.8M | 1.3M | 2.2M | 69M | 11M | 15M | 55M | 65M | 33M | 14M | 33M | 11M | 11M |
| Long-Term Debt | 632M | 497M | 473M | 585M | 739M | 705M | 687M | 531M | 472M | 464M | 475M | 492M | 492M |
| Debt/Equity | 0.53 | 0.48 | 0.42 | 0.98 | 0.65 | 0.63 | 0.63 | 0.50 | 0.46 | 0.46 | 0.47 | 0.50 | 0.50 |
| Interest Coverage | 2.6 | 3.5 | 2.0 | 1.1 | 4.9 | -0.4 | 1.4 | 3.3 | 5.3 | 2.8 | 3.4 | 3.4 | 3.4 |
| Equity | 1.2B | 1.2B | 1.2B | 646M | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B | 1.0B | 1.0B | 987M | 987M |
| Total Assets | 2.3B | 2.2B | 2.2B | 2.2B | 2.2B | 2.1B | 2.0B | 1.9B | 1.8B | 1.6B | 1.7B | 1.7B | 1.7B |
| Total Liabilities | 283M | 294M | 932M | 1.6B | 1.0B | 949M | 933M | 806M | 744M | 643M | 667M | 672M | 672M |
| Intangibles | 64M | 54M | 54M | 47M | 68M | 75M | 62M | 52M | 44M | 36M | 31M | 26M | 26M |
| Retained Earnings | 101M | 117M | 95M | -473M | -539M | -626M | -649M | -663M | -775M | -809M | -814M | -825M | -825M |
| Working Capital | -15M | -32M | -27M | -652M | 51M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | 168M | 153M | 138M | 275M | 181M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 183M | 185M | 165M | 927M | 129M | N/A | N/A | 56M | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.25 | 0.54 | -0.18 | 4.34 | -1.02 | -0.51 | 0.08 | 0.48 | -0.70 | 0.41 | 0.83 | 0.89 | 0.89 |
| Owner EPS | -0.40 | 1.40 | -0.25 | -0.89 | 3.72 | 1.42 | 0.22 | 1.08 | -0.12 | 0.33 | 0.78 | 0.49 | 0.49 |
| Book Value | 24.51 | 24.93 | 24.46 | 12.19 | 17.04 | 15.68 | 15.94 | 14.59 | 14.26 | 13.84 | 13.76 | 13.59 | 13.59 |
| Cash Flow/Share | 0.82 | 2.63 | 2.25 | -0.02 | 4.39 | 2.20 | 0.92 | 1.70 | 0.47 | 0.93 | 1.34 | 1.09 | 1.42 |
| Dividends/Share | 0.17 | 0.21 | 0.25 | 0.19 | 2.22 | 0.69 | 0.20 | 0.67 | 0.83 | 0.88 | 0.89 | 1.03 | 0.90 |
| Shares Out. | 49.1M | 49.1M | 49.4M | 53.0M | 70.6M | 71.8M | 68.8M | 73.1M | 72.6M | 72.5M | 72.9M | 72.7M | 72.7M |
| Valuation | |||||||||||||
| P/E Ratio | 15.4 | 32.1 | N/A | 4.8 | N/A | N/A | 169.8 | 42.6 | N/A | 42.2 | 19.9 | 23.2 | 23.4 |
| P/FCF | N/A | 10.1 | 13.8 | N/A | 3.9 | 9.6 | 22.0 | 15.9 | 93.4 | 27.6 | 15.6 | 55.0 | 55.5 |
| EV/EBIT | 26.6 | 18.0 | 35.4 | 57.3 | 10.4 | N/A | 50.7 | 22.2 | 13.4 | 26.1 | 20.2 | 24.6 | 24.9 |
| Price/Book | 0.8 | 0.8 | 0.9 | 1.7 | 0.8 | 1.0 | 0.9 | 1.4 | 1.1 | 1.2 | 1.2 | 1.5 | 1.5 |
| Price/Sales | 1.7 | 2.2 | 2.3 | 2.7 | 1.9 | 2.9 | 2.5 | 4.6 | 5.3 | 5.5 | 5.1 | 6.0 | 7.3 |
| FCF Yield | -2.1% | 8.9% | 7.3% | -3.0% | 25.7% | 10.4% | 4.5% | 6.3% | 1.1% | 3.6% | 6.4% | 1.8% | 1.8% |
| Market Cap | 945M | 950M | 1.1B | 1.1B | 995M | 1.2B | 934M | 1.5B | 1.1B | 1.3B | 1.2B | 1.5B | 1.5B |
| Avg. Price | 18.95 | 18.58 | 18.26 | 21.37 | 17.25 | 17.78 | 11.22 | 16.13 | 16.92 | 15.88 | 16.43 | 17.09 | 20.83 |
| Year-End Price | 19.23 | 17.32 | 21.58 | 20.97 | 14.10 | 16.15 | 13.59 | 20.45 | 15.77 | 17.29 | 16.48 | 20.66 | 20.83 |
Alexander & Baldwin, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Alexander & Baldwin, Inc. trades at 23.4x trailing earnings, compared to its 15-year median P/E of 23.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 55.6x vs a median of 15.9x. The company's 5-year average ROIC is 5.7% with a gross margin of 55.3%. Total shareholder yield (dividends + buybacks) is 4.7%. At current prices, the estimated annualized return to fair value is -15.2%.
Alexander & Baldwin, Inc. (ALEX) reported annual revenue of $207 million in its most recent fiscal year, based on SEC EDGAR filings.
Alexander & Baldwin, Inc. (ALEX) has a net profit margin of 31.3%. This is a strong margin indicating high profitability.
Alexander & Baldwin, Inc. (ALEX) generated $27 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Alexander & Baldwin, Inc. (ALEX) has a debt-to-equity ratio of 0.50. This indicates a conservatively financed balance sheet.
Alexander & Baldwin, Inc. (ALEX) reported earnings per share (EPS) of $0.89 in its most recent fiscal year.
Alexander & Baldwin, Inc. (ALEX) has a return on equity (ROE) of 6.5%. This indicates moderate shareholder returns.
Alexander & Baldwin, Inc. (ALEX) has a 5-year average gross margin of 55.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Alexander & Baldwin, Inc. (ALEX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Alexander & Baldwin, Inc. (ALEX) has a book value per share of $13.59, based on its most recent annual SEC filing.