St Joe Company (JOE) AI Stock Analysis

• Market Cap: $2.63B
• Dividend Yield: 1.2%
• Average Volume (3M): 281.22K
• Price to Earnings (P/E): 35.5
• Beta (1Y): 1.35
• Revenue Growth: 3.46%
• EPS Growth: -4.56%
• Country: US
• Employees: 863
• Sector: Real Estate
• Sector Strength: 74
• Industry: Real Estate - Diversified
• EPS (TTM): 1.27
• Shares Outstanding: 58,326,523
• 10 Day Avg. Volume: 250,544
• 30 Day Avg. Volume: 281,218
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 6.66
• Price to Cash Flow (P/CF): 22.50
• P/FCF Ratio: 18.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

St Joe Company is financially robust with strong revenue growth and profitability, supported by a debt-free balance sheet and significant cash flow improvements. However, technical indicators are mixed, and high valuation metrics may limit growth potential. The stock's moderate market momentum suggests cautious optimism.

St Joe Company Business Overview & Revenue Model

Company Description

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment plans and develops residential communities of various sizes for homebuilders or retail consumers. It primarily sells developed homesites and parcels of entitled or undeveloped land. The Hospitality segment owns and operates a private membership club, golf courses, beach clubs, retail outlets, marinas, and other entertainment assets. This segment also engages in the hotel, food and beverage, and gulf-front vacation rental operations, as well as provides management services. The Commercial segment engages in leasing of commercial property, multi-family, a senior living community, and other assets. This segment also plans, develops, entitles, manages, and sells commercial land holdings for retail, office, hotel, senior living, multi-family, self-storage, and industrial uses; and grows and sells pulpwood, sawtimber, and other forest products. The company owns 170,000 acres of land in Northwest Florida. The St. Joe Company was incorporated in 1936 and is based in Panama City Beach, Florida.

How the Company Makes Money

The St. Joe Company generates revenue from multiple streams primarily through real estate sales and leasing, hospitality operations, and land management. The company makes money by developing and selling residential and commercial properties, with significant projects in master-planned communities. Additionally, they earn income from leasing office, retail, and industrial spaces. Their hospitality segment includes revenue from operating resorts, hotels, and golf courses, attracting tourists and residents alike. Moreover, St. Joe manages vast timberlands, generating income through timber sales and leasing land for recreational purposes and other uses. Strategic partnerships and joint ventures with other real estate developers and service providers also contribute to their earnings.

St Joe Company Financial Statement Overview

Summary

St Joe Company displays strong financial health with robust revenue growth, an improved gross profit margin, and a solid net profit margin of 18.42% in 2024. A debt-free balance sheet and positive cash flow indicate prudent financial management. Slightly declining EBIT margins suggest potential cost pressures.

Income Statement

The St Joe Company shows robust revenue growth, increasing from $127.1M in 2019 to $402.7M in 2024, indicating strong market demand and operational excellence. Gross profit margins improved significantly over the years, showcasing efficient cost management. The net profit margin for 2024 stands at 18.42%, reflecting solid profitability. However, the EBIT margin declined slightly from prior years, suggesting potential cost pressures or increased operational expenses.

Balance Sheet

The company's balance sheet reflects a strong position with zero debt in 2024, significantly improving its leverage compared to prior years. The equity ratio is healthy at 47.08%, indicating a stable financial structure. Return on Equity (ROE) is 10.24%, which reflects a reasonable return on shareholder investment. However, the decrease in total liabilities and increase in stockholders' equity over the years suggest prudent financial management.

Cash Flow

The cash flow analysis reveals a substantial improvement in free cash flow, turning from negative in previous years to positive $107.9M in 2024. The operating cash flow to net income ratio is strong, indicating efficient cash generation relative to net earnings. The turnaround in free cash flow highlights successful cash management and reduced capital expenditure needs, boosting financial flexibility.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
402.74M	389.29M	252.30M	267.00M	160.50M
	Gross Profit
167.22M	153.31M	105.70M	135.00M	82.80M
	EBIT
95.59M	90.73M	103.11M	94.50M	68.41M
	EBITDA
178.32M	129.51M	84.36M	112.66M	57.87M
	Net Income Common Stockholders
74.19M	77.71M	70.93M	74.55M	45.20M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
88.76M	86.07M	78.30M	159.20M	154.90M
	Total Assets
1.54B	1.52B	1.43B	1.21B	1.04B
	Total Debt
621.01M	632.89M	563.80M	400.60M	336.20M
	Net Debt
532.25M	546.83M	526.10M	330.40M	229.40M
	Total Liabilities
801.84M	825.04M	779.70M	582.10M	469.10M
	Stockholders Equity
724.28M	683.06M	651.10M	626.10M	568.20M
Cash Flow		Free Cash Flow
58.06M	-36.12M	-210.94M	-41.70M	-84.44M
	Operating Cash Flow
107.99M	103.85M	48.22M	111.80M	37.33M
	Investing Cash Flow
-50.38M	-99.14M	-189.78M	-196.09M	-164.50M
	Financing Cash Flow
-52.07M	40.76M	112.46M	48.57M	48.61M

St Joe Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 45.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JOE, the sentiment is Negative. The current price of 45.13 is below the 20-day moving average (MA) of 46.16, below the 50-day MA of 46.86, and below the 200-day MA of 52.21, indicating a bearish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 50.09 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JOE.

St Joe Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TMHC	73 Outperform	$5.86B	6.95	15.80%	―	10.11%	19.06%
FPH	71 Outperform	$569.07M	5.49	9.58%	―	12.37%	50.04%
TOL	69 Neutral	$10.47B	7.25	20.38%	0.94%	5.86%	12.20%
LEN	68 Neutral	$30.08B	8.34	14.99%	1.85%	2.06%	-3.67%
JOE	67 Neutral	$2.63B	35.49	10.54%	1.20%	3.46%	-4.56%
FOR	66 Neutral	$1.04B	5.77	12.04%	―	-4.72%	-2.38%
Sector *	61 Neutral	$4.72B	17.64	-3.07%	10.89%	5.99%	-21.86%

St Joe Company Corporate Events

St Joe Company Announces Leadership Changes and Revenue Dip

The St. Joe Company announced significant leadership changes with Bruce Berkowitz retiring as Chairman and Jorge L. Gonzalez stepping in, alongside Rhea Goff’s appointment as a non-independent director. The company reported a 2% dip in total revenue for Q3 2024, despite a 17% rise in hospitality and 19% increase in leasing revenues. Real estate revenue fell by 32% due to varying sales timing and product mix. The firm continues to see strong demand, with over 22,000 homesites in development, and plans for an expanding medical campus, which promises to enhance regional healthcare and economic growth.