Alexander & Baldwin (ALEX) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: 5.12%
• Average Volume (3M): 580.53K
• Price to Earnings (P/E): 20.4
• Beta (1Y): 0.49
• Revenue Growth: 4.31%
• EPS Growth: 39.56%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 81
• Industry: REIT - Diversified
• EPS (TTM): 0.29
• Shares Outstanding: 72,711,540
• 10 Day Avg. Volume: 547,313
• 30 Day Avg. Volume: 580,533
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.35
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 15.70
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $21.50
• Price Target Upside: 22.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

Alexander & Baldwin's overall stock score reflects its robust financial health and positive earnings call results, highlighting strong profitability and strategic growth initiatives. The technical analysis and valuation present a moderate outlook, with mixed signals and a reasonable P/E ratio. The company's attractive dividend yield supports the score, though macroeconomic uncertainties and potential risks noted in the earnings call temper the overall outlook.

Positive Factors

Business Model

Alexander & Baldwin continues to benefit from a more streamlined business model, the portfolio are supported by commercial real estate land limitations, while the balance sheet is positioned to accommodate growth.

Market Position

ALEX continues to leverage its dominant market position to source off-market deals that are complementary to the portfolio, supplementing its steady portfolio growth.

Negative Factors

NOI Growth

Same-store NOI growth came in at 2.9%, decelerating both from the prior quarter and the prior year.

Share Performance

Shares lack an upside catalyst.

Alexander & Baldwin Business Overview & Revenue Model

Company Description

Alexander & Baldwin, Inc. (A&B) is Hawai'i's premier commercial real estate company and the largest owner of grocery-anchored, neighborhood shopping centers in the state. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 154 acres of ground leases. These core assets comprise nearly 72% of A&B's total assets. A&B's non-core assets include renewable energy generation facilities, approximately 27,000 acres of agricultural and conservation land and a vertically integrated paving business. A&B is achieving its strategic objective of becoming a Hawai'i-focused commercial real estate company by expanding and strengthening its Hawai'i CRE portfolio and monetizing non-core assets. Over its 150-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

How the Company Makes Money

Alexander & Baldwin generates revenue primarily through its commercial real estate segment, which involves leasing and managing a diverse portfolio of properties, including retail, office, and industrial spaces across Hawaii. They also earn income from land operations, which include the sale of land parcels and development rights. Additionally, the company's materials and construction segment contributes to earnings through the sale of construction materials and related services. Strategic partnerships and joint ventures in property development further enhance their revenue streams, leveraging local market expertise and fostering sustainable growth in the Hawaiian real estate sector.

Alexander & Baldwin Financial Statement Overview

Summary

Alexander & Baldwin demonstrates robust financial health with strong profitability and improving cash flow metrics. The zero-debt position in the latest period enhances its financial flexibility. While revenue trends show some past fluctuations, the company appears well-positioned for stable growth, supported by efficient operations and solid equity backing.

Income Statement

Alexander & Baldwin's income statement reveals solid profitability, with a consistent gross profit margin around 60% and improved net profit margin, reaching 27.04% in TTM. The company shows positive revenue growth over several years, although recent fluctuations indicate variability. Strong EBIT and EBITDA margins underscore operational efficiency.

Balance Sheet

The balance sheet indicates financial stability with no debt in the TTM period, enhancing the debt-to-equity ratio. A robust equity ratio of 60.97% in TTM signifies strong shareholder backing, although previous periods showed significant leverage. Return on Equity is healthy at 6.17% in TTM, reflecting effective utilization of equity.

Cash Flow

Cash flow analysis highlights a positive trend in free cash flow, with significant growth in recent periods. The operating cash flow to net income ratio is stable, indicating effective cash generation relative to income. Free cash flow to net income ratio is strong, though slightly volatile, reflecting good cash conversion but with room for improvement.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
236.64M	208.90M	230.50M	379.30M	305.30M
	Gross Profit
107.65M	102.30M	131.80M	125.20M	71.80M
	EBIT
79.77M	64.60M	80.10M	62.10M	29.70M
	EBITDA
126.01M	100.60M	100.70M	137.00M	79.70M
	Net Income Common Stockholders
60.54M	29.80M	-49.50M	17.20M	5.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
33.44M	13.50M	33.30M	70.00M	57.20M
	Total Assets
1.67B	1.65B	1.79B	1.88B	2.04B
	Total Debt
474.84M	465.10M	477.10M	552.10M	705.50M
	Net Debt
441.40M	451.60M	443.80M	482.10M	648.30M
	Total Liabilities
666.89M	643.20M	743.60M	806.30M	939.90M
	Stockholders Equity
1.00B	1.00B	1.04B	1.07B	1.10B
Cash Flow		Free Cash Flow
47.21M	35.90M	12.30M	70.70M	38.00M
	Operating Cash Flow
97.99M	67.10M	34.00M	124.20M	63.10M
	Investing Cash Flow
-16.11M	7.10M	44.60M	96.50M	12.00M
	Financing Cash Flow
-61.96M	-94.90M	-115.20M	-207.10M	-33.10M

Alexander & Baldwin Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALEX, the sentiment is Positive. The current price of 17.49 is above the 20-day moving average (MA) of 16.93, above the 50-day MA of 17.14, and below the 200-day MA of 17.97, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 60.09 is Neutral, neither overbought nor oversold. The STOCH value of 83.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ALEX.

Alexander & Baldwin Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AHH	73 Outperform	$703.79M	28.93	5.73%	10.96%	-12.14%	―
AAT	73 Outperform	$1.16B	14.37	6.74%	6.99%	12.64%	49.11%
ALEX	67 Neutral	$1.26B	20.36	6.47%	5.12%	4.31%	39.56%
ESRT	64 Neutral	$1.23B	24.81	5.44%	1.91%	1.41%	3.11%
SAFE	62 Neutral	$1.10B	10.53	4.51%	4.61%	1.54%	―
Sector *	60 Neutral	$2.81B	11.04	0.20%	8508.34%	6.12%	-16.66%
GNL	60 Neutral	$1.71B	―	-9.16%	12.56%	16.69%	18.87%

Alexander & Baldwin Corporate Events

Alexander & Baldwin Reports Strong Q1 2025 Results

On April 22, 2025, Alexander & Baldwin held its Annual Meeting of Shareholders, where six directors were elected, executive compensation was approved, and Deloitte & Touche LLP was ratified as the independent accounting firm. The company decided to hold annual advisory votes on executive compensation. On April 24, 2025, Alexander & Baldwin reported its first quarter 2025 results, showing a net income of $21.4 million and a CRE operating profit of $23.4 million. The company achieved a 4.2% growth in CRE Same-Store NOI and executed a 75-year ground lease at Maui Business Park, contributing to its strategic growth efforts.

Spark’s Take on ALEX Stock

According to Spark, TipRanks’ AI Analyst, ALEX is a Outperform.

Alexander & Baldwin’s strong financial performance, with solid profitability and cash flow, is a key strength. Despite reasonable valuation and attractive dividends, technical indicators show a lack of strong momentum, and challenges such as tenant bankruptcies present risks. Overall, the stock is well-positioned but faces some headwinds.

To see Spark’s full report on ALEX stock, click here.

Alexander & Baldwin Reports Strong 2024 Financial Results

On February 27, 2025, Alexander & Baldwin reported its financial results for the fourth quarter and full year of 2024, showing a net income of $12.4 million for the fourth quarter and $60.5 million for the full year. The company highlighted a strong performance in its commercial real estate operations, with significant growth in funds from operations and leasing spreads, as well as strategic developments including the construction of a new warehouse and the extension of its credit facility.