Alexander & Baldwin (ALEX) AI Stock Analysis

• Market Cap: $1.41B
• Dividend Yield: 4.62%
• Average Volume (3M): 346.31K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.46
• Revenue Growth: 5.60%
• EPS Growth: 93.88%
• Country: US
• Employees: 96
• Sector: Real Estate
• Sector Strength: 50
• Industry: REIT - Diversified
• EPS (TTM): 0.35
• Shares Outstanding: 72,753,270
• 10 Day Avg. Volume: 316,747
• 30 Day Avg. Volume: 346,310
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 7.63
• Enterprise Value/Gross Profit: 16.62
• Enterprise Value/Ebitda: 12.58
• 1Y Price Target: $22.00
• Price Target Upside: 15.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 79 Outperform
• Price Target: $21.50 ▲(12.80% Upside)

Alexander & Baldwin's strong financial performance and positive technical indicators are the most significant factors driving the score. The company's valuation is attractive, and the earnings call provided a positive outlook despite some concerns. Overall, the stock shows a solid investment potential with a balanced risk-reward profile.

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 exhibits strong financial performance with impressive profitability, stable balance sheet metrics, and robust cash flow generation. The company has shown significant revenue and profit growth, although past revenue volatility should be monitored.

Income Statement

Alexander & Baldwin shows strong profitability with a TTM gross profit margin of 51.62% and a net profit margin of 33.94%. The company has demonstrated impressive revenue growth of 28.6% in the TTM period, indicating a robust upward trajectory. EBIT and EBITDA margins are also healthy at 38.06% and 54.42% respectively, reflecting efficient operational management. However, the company experienced a revenue decline in 2022, which could indicate potential volatility.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.46, indicating moderate leverage. The return on equity (ROE) has improved to 7.76% in the TTM period, showcasing enhanced profitability. The equity ratio stands at 61.68%, suggesting a solid equity base. Nonetheless, the company should monitor its debt levels to maintain financial flexibility.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 462.7% in the TTM period, highlighting significant cash generation capabilities. The operating cash flow to net income ratio is robust at 6.06, indicating efficient cash conversion. The free cash flow to net income ratio of 58.12% further supports the company's ability to generate cash relative to its earnings. Continued focus on cash flow management will be crucial to sustain this performance.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	229.83M	236.64M	208.84M	230.55M	254.00M	190.30M
Gross Profit	105.55M	107.65M	102.31M	97.63M	119.10M	64.10M
EBITDA	139.44M	126.01M	100.60M	78.83M	141.20M	91.60M
Net Income	78.01M	60.54M	29.80M	-50.66M	35.40M	5.60M
Balance Sheet
Total Assets	1.64B	1.67B	1.65B	1.79B	1.88B	2.04B
Cash, Cash Equivalents and Short-Term Investments	10.10M	33.44M	13.50M	33.30M	65.40M	57.20M
Total Debt	470.79M	474.84M	473.00M	477.10M	537.30M	705.50M
Total Liabilities	629.34M	666.89M	643.20M	743.60M	806.30M	933.40M
Stockholders Equity	1.01B	1.00B	1.00B	1.04B	1.07B	1.10B
Cash Flow
Free Cash Flow	59.35M	47.21M	35.90M	12.30M	70.70M	38.00M
Operating Cash Flow	102.12M	97.99M	67.10M	34.00M	124.20M	63.10M
Investing Cash Flow	-28.65M	-16.11M	7.10M	44.60M	96.50M	12.00M
Financing Cash Flow	-93.13M	-61.96M	-94.90M	-115.20M	-207.10M	-33.10M

Alexander & Baldwin Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.06
• 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 19.06 is above the 20-day moving average (MA) of 18.85, above the 50-day MA of 18.33, and above the 200-day MA of 17.65, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 56.27 is Neutral, neither overbought nor oversold. The STOCH value of 63.46 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	79 Outperform	$1.41B	18.15	7.79%	4.62%	5.60%	93.88%
SAFE	74 Outperform	$1.17B	11.22	4.38%	4.34%	1.59%	―
AHH	67 Neutral	$739.86M	79.35	3.55%	9.43%	-25.73%	―
ESRT	66 Neutral	$1.35B	33.32	4.36%	1.76%	1.77%	-8.72%
Sector *	63 Neutral	$7.09B	13.58	-0.36%	6.87%	4.08%	-25.24%
AAT	62 Neutral	$1.28B	17.18	6.26%	6.53%	11.68%	37.31%
GNL	58 Neutral	$1.77B	―	-11.87%	11.31%	-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.

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.