Alexander & Baldwin (ALEX) AI Stock Analysis

• Market Cap: $1.34B
• Dividend Yield: 4.92%
• Average Volume (3M): 409.68K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 0.46
• Revenue Growth: 5.60%
• EPS Growth: 93.88%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 44
• Industry: REIT - Diversified
• EPS (TTM): 0.35
• Shares Outstanding: 72,753,270
• 10 Day Avg. Volume: 335,819
• 30 Day Avg. Volume: 409,675
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 7.63
• Enterprise Value/Gross Profit: 21.41
• Enterprise Value/Ebitda: 13.04
• 1Y Price Target: $21.50
• Price Target Upside: 17.74% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 75 Outperform
• Price Target: $20.50 ▲(12.27% Upside)

Alexander & Baldwin's strong financial performance, positive technical indicators, and fair valuation contribute significantly to its score. The positive sentiment from the earnings call further boosts confidence, despite some challenges in corporate events.

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 multiple key streams. The real estate segment earns income from leasing and selling commercial and residential properties, as well as from development projects that create new properties to be leased or sold. The agriculture segment generates revenue primarily from the cultivation and sale of sugarcane and other agricultural products, with a focus on sustainability and innovation in farming practices. Additionally, the company may benefit from significant partnerships and collaborations that enhance its operational efficiency and expand its market reach. Strategic land development and management initiatives also contribute to long-term revenue growth, supported by Hawaii's unique geographic and economic position.

Alexander & Baldwin Financial Statement Overview

Summary

Alexander & Baldwin demonstrates robust financial health with strong profitability and improving cash flow metrics. The zero-debt position enhances financial flexibility, although revenue trends show some past fluctuations.

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: Positive
• Last Price: 18.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 18.26 is above the 20-day moving average (MA) of 18.23, above the 50-day MA of 18.02, and above the 200-day MA of 17.61, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 52.47 is Neutral, neither overbought nor oversold. The STOCH value of 55.81 is Neutral, 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
ALEX	75 Outperform	$1.34B	17.26	7.79%	4.92%	5.60%	93.88%
SAFE	74 Outperform	$1.09B	10.49	4.38%	4.63%	1.59%	―
AHH	71 Outperform	$713.51M	76.52	3.55%	9.83%	-25.73%	―
AAT	67 Neutral	$1.19B	16.01	6.26%	6.97%	11.68%	37.31%
ESRT	66 Neutral	$1.26B	31.06	4.36%	1.90%	1.77%	-8.72%
Sector *	62 Neutral	$6.87B	13.23	-1.00%	7.29%	3.62%	-23.52%
GNL	56 Neutral	$1.65B	―	-11.87%	12.43%	-11.06%	29.36%

Alexander & Baldwin Corporate Events

Alexander & Baldwin Reports Strong Q2 2025 Earnings

On July 24, 2025, Alexander & Baldwin reported a net income of $25.1 million for the second quarter of 2025, with a commercial real estate operating profit of $22.2 million. The company saw a 5.3% growth in same-store net operating income and achieved a leased occupancy rate of 95.8%. The firm began pre-construction on two new buildings at Komohana Industrial Park, enhancing its industrial assets. The company’s strong performance led to an increase in guidance, reflecting successful execution of its internal growth strategy.

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 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.