Alexander & Baldwin (ALEX) AI Stock Analysis

• Market Cap: $1.28B
• Dividend Yield: 5.1%
• Average Volume (3M): 379.57K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 0.45
• Revenue Growth: 4.31%
• EPS Growth: 39.56%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 58
• Industry: REIT - Diversified
• EPS (TTM): 0.29
• Shares Outstanding: 72,711,540
• 10 Day Avg. Volume: 412,447
• 30 Day Avg. Volume: 379,575
• PEG Ratio: 17.24
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.44
• Enterprise Value/Market Cap: 1.33
• Enterprise Value/Revenue: 1.87
• Enterprise Value/Gross Profit: 15.20
• Enterprise Value/Ebitda: 3.63
• 1Y Price Target: $21.50
• Price Target Upside: 21.88% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: $19.50 ▲(10.54%Upside)

Alexander & Baldwin's overall score reflects strong financial performance and positive earnings call outcomes, with improved leasing and strategic asset management activities. The stock's valuation, while slightly high, is balanced by a solid dividend yield. Technical indicators are neutral, suggesting a stable price trend.

Positive Factors

Business Model

Alexander & Baldwin continues to benefit from a more streamlined business model, supporting its operations and growth potential.

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.

Stock Catalyst

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 through several key streams primarily centered around its real estate operations. The company's primary revenue source is its commercial real estate sector, where it earns income from leasing retail, industrial, and office properties. Additionally, Alexander & Baldwin capitalizes on its land operations by selling parcels of land and engaging in development projects. Its materials and construction management segment contributes to revenue through the sale of construction materials such as aggregates, as well as providing paving and other construction-related services. Significant partnerships with local businesses and government entities further enhance its earnings potential by facilitating development projects and ensuring steady demand for its services.

Alexander & Baldwin Financial Statement Overview

Summary

Alexander & Baldwin demonstrates robust financial health with strong profitability, improving cash flow metrics, and a zero-debt position enhancing financial flexibility. The company shows solid revenue growth despite some past fluctuations, 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
EBITDA	126.01M	100.60M	100.70M	137.00M	79.70M
Net Income	60.54M	29.80M	-49.50M	17.20M	5.60M
Balance Sheet
Total Assets	1.67B	1.65B	1.79B	1.88B	2.04B
Cash, Cash Equivalents and Short-Term Investments	33.44M	13.50M	33.30M	70.00M	57.20M
Total Debt	474.84M	465.10M	477.10M	552.10M	705.50M
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: Negative
• Last Price: 17.64
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ALEX, the sentiment is Negative. The current price of 17.64 is below the 20-day moving average (MA) of 17.85, below the 50-day MA of 17.70, and above the 200-day MA of 17.59, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.90 is Neutral, neither overbought nor oversold. The STOCH value of 34.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ALEX.

Alexander & Baldwin Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALEX	72 Outperform	$1.28B	20.72	6.47%	5.10%	4.31%	39.56%
AAT	71 Outperform	$1.23B	15.20	6.74%	6.75%	12.64%	49.11%
AHH	69 Neutral	$717.54M	124.21	3.05%	7.91%	-12.13%	-14.54%
ESRT	67 Neutral	$1.28B	25.12	5.44%	1.84%	1.41%	3.11%
Sector *	63 Neutral	$6.74B	18.42	-1.93%	6.82%	4.67%	-25.44%
SAFE	62 Neutral	$1.06B	9.96	4.51%	4.81%	1.54%	―
GNL	57 Neutral	$1.58B	―	-13.01%	10.72%	16.69%	39.04%

Alexander & Baldwin Corporate Events

Alexander & Baldwin Ends Agreement with Mahi Pono

On June 17, 2025, Alexander & Baldwin, Inc. and its subsidiaries entered into a Termination Agreement with Mahi Pono Holdings, LLC, effectively ending their previous Purchase and Sale Agreement from December 2018. As part of this agreement, A&B will transfer its 50% ownership in East Maui Irrigation Company, LLC, forego $2.7 million in payments, and pay Mahi Pono $55.3 million over four years, impacting the company’s financial commitments and strategic positioning.

The most recent analyst rating on (ALEX) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Alexander & Baldwin stock, see the ALEX Stock Forecast page.

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.