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Maui Land & Pineapple Company
(NYSE:MLP)
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Rating:54Neutral
Price Target:
$18.50
▲(8.89% Upside)
Action:Reiterated
Date:06/30/26
The score is held back primarily by weak financial performance—declining TTM revenue, ongoing net losses, and negative free cash flow—despite a comparatively sound, equity-supported balance sheet. Corporate events provide a meaningful offset through potential asset monetization and strengthened investment leadership, while technicals are neutral due to missing indicators and valuation remains pressured by the negative P/E.
Positive Factors
Equity‑backed balance sheet
A low debt-to-equity ratio and an equity-funded balance sheet provide durable financial flexibility for a landowner developer. This reduces refinancing risk, supports multi‑year entitlement and development cycles, and preserves capacity to monetize or hold assets until optimal timing.
Negative Factors
Declining revenue and profitability
Sustained revenue declines and ongoing net losses erode operating resilience for a landholder reliant on sales and leasing. Lower top‑line and compressed margins reduce reinvestment capacity, lengthen payback on development, and increase reliance on one‑off asset monetizations to fund operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity‑backed balance sheet
A low debt-to-equity ratio and an equity-funded balance sheet provide durable financial flexibility for a landowner developer. This reduces refinancing risk, supports multi‑year entitlement and development cycles, and preserves capacity to monetize or hold assets until optimal timing.
Read all positive factors
Maui Land & Pineapple Company (MLP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$328.56M
Dividend YieldN/A
Average Volume (3M)18.36K
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth14.56%
EPS Growth72.84%
CountryUS
Employees20
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.20
Shares Outstanding19,864,607
10 Day Avg. Volume19,118
30 Day Avg. Volume18,357
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)10.24
Price to Sales (P/S)17.40
P/FCF Ratio-699.30
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue20.93
Enterprise Value/Gross Profit86.35
Enterprise Value/Ebitda-158.72
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maui Land & Pineapple Company Business Overview & Revenue Model
Company Description
Maui Land & Pineapple Company, Inc. (MLP), established in 1909 and headquartered in Lahaina, Hawaii, operates as a real estate enterprise involved in the development, management, and sale of various property types—including residential, resort, co...
How the Company Makes Money
MLP primarily makes money through its real estate business by monetizing its land holdings and property interests. Key revenue streams include (1) proceeds from the sale of real estate and/or land parcels when properties are sold, and (2) recurrin...
Maui Land & Pineapple Company Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
70
Positive
Cash Flow
32
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.46M | 11.56M | 9.29M | 20.96M | 12.44M |
| Gross Profit | 5.65M | 3.98M | 2.74M | 14.79M | 6.84M |
| EBITDA | -8.89M | -5.87M | -1.51M | 3.94M | -1.79M |
| Net Income | -10.58M | -7.39M | -3.08M | 1.79M | -3.42M |
Balance Sheet | |||||
| Total Assets | 47.97M | 50.14M | 42.22M | 42.41M | 37.92M |
| Cash, Cash Equivalents and Short-Term Investments | 5.29M | 9.52M | 8.37M | 10.93M | 5.60M |
| Total Debt | 4.71M | 3.25M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 14.90M | 16.96M | 7.52M | 8.63M | 14.33M |
| Stockholders Equity | 33.06M | 33.18M | 34.70M | 33.77M | 23.59M |
Cash Flow | |||||
| Free Cash Flow | -484.00K | -1.50M | -1.99M | 6.26M | 1.36M |
| Operating Cash Flow | 2.08M | 370.00K | -1.37M | 6.26M | 1.39M |
| Investing Cash Flow | -3.38M | -2.10M | -864.00K | -3.02M | 4.10M |
| Financing Cash Flow | -240.00K | 2.87M | -574.00K | -335.00K | -760.00K |
Maui Land & Pineapple Company Technical Analysis
Negative
16.99
Price Trends
16.89
Negative
16.48
Negative
16.52
Negative
Market Momentum
-0.07
Positive
39.48
Neutral
6.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLP, the sentiment is Negative. The current price of 16.99 is below the 20-day moving average (MA) of 17.79, above the 50-day MA of 16.89, and above the 200-day MA of 16.52, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 39.48 is Neutral, neither overbought nor oversold. The STOCH value of 6.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MLP.
Maui Land & Pineapple Company Risk Analysis
Maui Land & Pineapple Company disclosed 20 risk factors in its most recent earnings report. Maui Land & Pineapple Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Maui Land & Pineapple Company Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $647.64M | 16.82 | 9.05% | 11.98% | -20.41% | 0.92% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | $463.35M | 491.24 | 0.22% | ― | 2.83% | -86.31% | |
58 Neutral | $373.74M | 492.63 | 0.08% | ― | -5.43% | -93.40% | |
57 Neutral | $402.94M | 43.03 | 1.11% | ― | 4.69% | 17.93% | |
54 Neutral | $328.56M | -82.88 | -12.78% | ― | 14.56% | 72.84% |
* Real Estate Sector Average
MLP
Maui Land & Pineapple Company
16.33
-1.02
-5.88%
NEN
New England Realty Associates Partnershi
57.26
-13.94
-19.58%
FRPH
FRP Holdings
23.98
-3.05
-11.28%
TCI
Transcontinental Realty Investors
44.97
1.70
3.93%
RMAX
Re/Max Holdings
10.58
2.31
27.93%
RMR
The RMR Group
20.49
4.64
29.28%
Maui Land & Pineapple Company Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Maui Land & Pineapple Appoints First Chief Investment Officer
Positive
Jun 9, 2026
Maui Land Pineapple Company has created the new position of Chief Investment Officer and appointed real estate veteran Ryan Panopio to the role, effective June 3, 2026. The move reflects the company’s effort to sharpen capital deployment an...
Business Operations and StrategyM&A Transactions
Maui Land & Pineapple Announces Kapalua Land Sale Agreement
Positive
Jun 2, 2026
On May 27, 2026, Maui Land Pineapple Company entered into a purchase and sale agreement with DC Kapalua 1 Property, LLC to sell 8.783 acres in Kapalua, known as Lot 2-D, plus up to 3.5 acres of adjacent land for $10 million plus an additional per...
Executive/Board ChangesShareholder Meetings
Maui Land & Pineapple Holds 2026 Annual Shareholder Meeting
Positive
May 27, 2026
On May 27, 2026, Maui Land Pineapple Company, Inc. held its 2026 annual meeting of stockholders, with 19,868,771 common shares outstanding as of the April 2, 2026 record date. Shareholders elected seven director nominees to one-year terms expirin...
Business Operations and StrategyM&A Transactions
Maui Land & Pineapple Plans Water Infrastructure Sale
Positive
May 19, 2026
On May 18, 2026, Maui Land Pineapple Company, Inc. signed a non-binding Memorandum of Understanding with the County of Maui to negotiate a potential sale or lease of certain real property and extensive water infrastructure assets in West Maui and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.