Matson (MATX) AI Stock Analysis

• Market Cap: $3.37B
• Dividend Yield: 1.34%
• Average Volume (3M): 360.46K
• Price to Earnings (P/E): 7.0
• Beta (1Y): 0.88
• Revenue Growth: 8.75%
• EPS Growth: 56.21%
• Country: US
• Employees: 4,356
• Sector: Industrials
• Sector Strength: 73
• Industry: Marine Shipping
• EPS (TTM): 2.92
• Shares Outstanding: 31,789,019
• 10 Day Avg. Volume: 291,846
• 30 Day Avg. Volume: 360,464
• 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: 1.25
• Enterprise Value/Revenue: 1.22
• Enterprise Value/Gross Profit: 4.81
• Enterprise Value/Ebitda: 4.72
• 1Y Price Target: $117.00
• Price Target Upside: 10.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: $119.00 ▲(12.36% Upside)

Matson's overall stock score is driven by strong valuation and solid financial performance, despite challenges in revenue and cash flow growth. The technical analysis indicates a bearish trend, while the earnings call reflects mixed results with a positive outlook.

Positive Factors

Strategic Focus

Matson's strategic focus on niche markets and shareholder returns highlights its commitment to sustainable growth and market leadership, ensuring long-term competitive advantages.

Financial Stability

A low debt-to-equity ratio indicates financial stability, providing Matson with the flexibility to invest in growth opportunities and weather economic fluctuations.

New Vessel Construction Funding

Secured funding for new vessel construction ensures Matson can expand its fleet without financial strain, supporting long-term operational capabilities and service expansion.

Negative Factors

Revenue Decline

A sharp decline in revenue growth indicates potential challenges in maintaining market share and profitability, which could impact long-term financial performance.

China Service Volume Decline

Decreased volume in the China service reflects market volatility and tariffs, potentially affecting Matson's revenue and requiring strategic adjustments to mitigate impact.

Cash Flow Challenges

Negative cash flow growth suggests challenges in cash generation, which could limit Matson's ability to fund operations and growth initiatives without external financing.

Matson Business Overview & Revenue Model

Company Description

Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, packaged foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides container stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

How the Company Makes Money

Matson generates revenue primarily through its Ocean Transportation segment, which accounts for a significant portion of its earnings. This segment derives income from the shipping of containerized freight, with revenue influenced by factors such as shipping volumes, freight rates, and fuel costs. The Logistics segment contributes additional revenue by providing integrated supply chain solutions, including transportation management, warehousing, and distribution services. Key revenue streams include contracts with large retail and food companies, as well as spot market transactions. Additionally, strategic partnerships with other logistics providers enhance service offerings and expand reach, bolstering Matson's competitive edge in the market.

Matson Financial Statement Overview

Summary

Matson demonstrates strong profitability with a solid balance sheet, highlighted by a low debt-to-equity ratio and healthy return on equity. However, challenges include declining revenue and cash flow growth, which need attention for sustained long-term growth.

Income Statement

Matson's income statement shows a mixed performance. The company has maintained a strong net profit margin of 14.26% in the TTM period, indicating good profitability. However, there is a significant decline in revenue growth rate (-48.5% TTM), which is a concern. The gross profit margin has decreased from previous years, and the EBIT and EBITDA margins have also seen a decline, reflecting reduced operational efficiency.

Balance Sheet

The balance sheet of Matson is relatively strong with a low debt-to-equity ratio of 0.25 in the TTM period, indicating low leverage and financial stability. The return on equity is healthy at 18.90%, showcasing effective use of equity to generate profits. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Matson's cash flow statement reveals some challenges. The free cash flow growth rate is negative (-9.09% TTM), indicating a decline in cash generation. However, the operating cash flow to net income ratio is above 1, suggesting that the company generates sufficient cash from operations to cover its net income. The free cash flow to net income ratio is also strong at 0.70, indicating good cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.46B	3.42B	3.09B	4.34B	3.93B	2.38B
Gross Profit	876.50M	855.90M	623.90M	1.53B	1.37B	479.00M
EBITDA	892.20M	893.70M	690.50M	1.68B	1.45B	494.30M
Net Income	494.10M	476.40M	297.10M	1.06B	927.40M	193.10M
Balance Sheet
Total Assets	4.48B	4.60B	4.29B	4.33B	3.69B	2.90B
Cash, Cash Equivalents and Short-Term Investments	59.10M	266.80M	134.00M	249.80M	282.40M	14.40M
Total Debt	665.30M	749.00M	725.00M	910.70M	1.06B	1.00B
Total Liabilities	1.86B	1.94B	1.89B	2.03B	2.03B	1.94B
Stockholders Equity	2.62B	2.65B	2.40B	2.30B	1.67B	961.20M
Cash Flow
Free Cash Flow	432.90M	457.70M	262.10M	1.06B	658.80M	237.50M
Operating Cash Flow	617.90M	767.80M	510.50M	1.27B	984.10M	429.80M
Investing Cash Flow	-388.40M	-336.10M	-338.20M	-729.30M	-323.40M	-177.00M
Financing Cash Flow	-341.00M	-301.20M	-289.70M	-576.60M	-392.70M	-261.50M

Matson Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 105.91
• 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 MATX, the sentiment is Positive. The current price of 105.91 is above the 20-day moving average (MA) of 104.31, below the 50-day MA of 107.37, and below the 200-day MA of 121.51, indicating a neutral trend. The MACD of -0.85 indicates Negative momentum. The RSI at 51.39 is Neutral, neither overbought nor oversold. The STOCH value of 57.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MATX.

Matson Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CMRE	83 Outperform	$1.47B	5.12	14.61%	3.76%	-7.24%	-16.39%
DAC	80 Outperform	$1.74B	3.87	13.38%	3.62%	5.63%	-17.54%
MATX	74 Outperform	$3.37B	6.97	19.70%	1.34%	8.75%	56.21%
SBLK	74 Outperform	$2.20B	18.45	5.11%	4.12%	2.95%	-61.74%
KEX	67 Neutral	$4.91B	16.66	9.11%	―	2.45%	11.97%
Sector *	64 Neutral	$10.84B	15.28	7.40%	1.99%	2.87%	-14.59%
ZIM	60 Neutral	$1.63B	0.79	59.06%	56.28%	43.57%	―

Matson Corporate Events

Matson Highlights Strategic Focus at Jefferies Conference

On September 3, 2025, Matson, Inc. presented an overview of the company at the Jefferies Industrials Conference in New York. The presentation highlighted Matson’s strong market positions in niche markets, its commitment to returning cash to shareholders, and its financial strength to invest in growth opportunities. The company also emphasized its unique network connecting the Pacific and its premium services, such as the China-to-Long Beach Express, which offer competitive advantages and high return on invested capital. The announcement underscores Matson’s strategic focus on expanding its service offerings and maintaining its leadership in the Pacific transportation and logistics industry.

The most recent analyst rating on (MATX) stock is a Buy with a $116.00 price target. To see the full list of analyst forecasts on Matson stock, see the MATX Stock Forecast page.

Matson Amends Credit Agreement with Bank of America

On July 23, 2025, Matson, Inc. entered into a Third Amended and Restated Credit Agreement with Bank of America, reducing its credit facility from $650 million to $550 million due to the nearly fully-funded status of its Aloha Class vessel build program and lower anticipated capital needs. The agreement includes amendments to covenants and terms, such as changes to the pricing grid and the elimination of the minimum consolidated interest coverage ratio financial covenant. Additionally, Matson amended its existing private placement facilities to align with these changes, reflecting strategic financial adjustments to support its long-term operational goals.

The most recent analyst rating on (MATX) stock is a Hold with a $136.00 price target. To see the full list of analyst forecasts on Matson stock, see the MATX Stock Forecast page.