Maui Land & Pineapple Company (MLP) AI Stock Analysis

• Market Cap: $335.21M
• Dividend Yield: N/A
• Average Volume (3M): 18.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: 73.49%
• EPS Growth: -130.52%
• Country: US
• Employees: 15
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.01
• Shares Outstanding: 19,741,709
• 10 Day Avg. Volume: 19,118
• 30 Day Avg. Volume: 18,357
• PEG Ratio: -0.42
• Price to Book (P/B): 12.98
• Price to Sales (P/S): 37.25
• P/FCF Ratio: -287.01
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: 19.36
• Enterprise Value/Gross Profit: 63.23
• Enterprise Value/Ebitda: -38.06
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: $17.00 ▲(0.06% Upside)

The score is held back primarily by persistent losses and weakening cash flow despite improving revenue. Offsetting factors include a conservatively levered balance sheet and a supportive liquidity event via the expanded credit facility. Technicals are largely neutral, while valuation is pressured by negative earnings (negative P/E).

Positive Factors

Revenue Growth

The significant revenue growth suggests expanding market reach and effective business strategies, which could lead to improved financial stability and market position over time.

Sustainable Practices

Commitment to sustainability can enhance brand reputation and open new revenue streams, such as eco-tourism, aligning with growing consumer preference for environmentally responsible companies.

Low Leverage

A conservative use of leverage provides financial stability and flexibility, allowing the company to navigate economic fluctuations and invest in growth opportunities without excessive financial risk.

Negative Factors

Negative Earnings

Ongoing negative earnings can strain financial resources and limit the ability to reinvest in the business, potentially hindering long-term growth and competitiveness.

Cash Flow Challenges

Negative free cash flow indicates difficulties in generating sufficient cash after capital expenditures, which can impact the company's ability to fund operations and growth initiatives sustainably.

Inconsistent Profitability

Inconsistent profitability and negative net margins can undermine investor confidence and limit the company's ability to attract investment, impacting long-term financial health.

Maui Land & Pineapple Company Business Overview & Revenue Model

Company Description

Maui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sale of its landholdings on Maui. This segment also provides licensed general brokerage services for properties in the Kapalua Resort and surrounding areas. The Leasing segment leases commercial, agricultural, and industrial land and properties; and licenses its registered trademarks and trade names, as well as provides stewardship and conservation services. This segment also operates ditches, reservoirs, and well systems that provide potable and non-potable water to West and Upcountry Maui areas. The Resort Amenities segment manages the operations of the Kapalua Club, a private non-equity club program that provides its members special programs, access, and other privileges at certain amenities at the Kapalua Resort. The company owns approximately 23,000 acres of land on the island of Maui, Hawaii. Maui Land & Pineapple Company, Inc. was founded in 1909 and is based in Lahaina, Hawaii.

How the Company Makes Money

MLP generates revenue through several key streams. Primarily, the company earns money from the sale and leasing of its real estate holdings, which include residential properties, commercial spaces, and resort developments. The transition from agriculture to real estate has allowed MLP to capitalize on the high demand for land in Maui. Additionally, the company may engage in partnerships with other firms to develop properties or manage resorts, further enhancing its income. MLP also benefits from the tourism sector, as its properties attract visitors, contributing to rental and service revenues. Overall, MLP's revenue model focuses on leveraging its land assets to create value through real estate development and strategic partnerships.

Maui Land & Pineapple Company Financial Statement Overview

Summary

Maui Land & Pineapple Company faces challenges in profitability and cash flow generation, despite some improvements in operating performance in 2024. The balance sheet remains relatively stable with low leverage, but the company needs to address its negative earnings and cash flow issues to enhance its financial health.

Income Statement

The company has shown inconsistent revenue trends, with a significant decline in revenue from 2022 to 2023 followed by a slight recovery in 2024. The gross profit margin is strong at 100% for 2024, but net income is negative, resulting in a negative net profit margin. EBIT margin improved significantly in 2024 compared to the previous year, but overall profitability remains a concern.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a conservative use of leverage. The equity ratio is healthy, showing that a significant portion of assets is financed by equity. However, the return on equity is negative due to ongoing net losses, which is a concern for investor returns.

Cash Flow

Operating cash flow has improved in 2024 compared to 2023, but free cash flow remains negative, indicating challenges in generating cash after capital expenditures. The free cash flow to net income ratio is not meaningful due to negative net income, and the company has faced difficulties in maintaining positive cash flow over the years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.34M	11.56M	9.29M	20.96M	12.44M	7.54M
Gross Profit	5.62M	3.98M	2.74M	14.79M	6.84M	2.61M
EBITDA	-9.33M	-5.87M	-1.51M	3.94M	-1.79M	-1.82M
Net Income	-11.31M	-7.39M	-3.08M	1.79M	-3.42M	-2.60M
Balance Sheet
Total Assets	45.84M	50.14M	42.22M	42.41M	37.92M	38.47M
Cash, Cash Equivalents and Short-Term Investments	5.05M	9.52M	8.37M	10.93M	5.60M	869.00K
Total Debt	3.21M	3.25M	0.00	0.00	0.00	200.00K
Total Liabilities	12.12M	16.96M	7.52M	8.63M	14.33M	18.40M
Stockholders Equity	33.72M	33.18M	34.70M	33.77M	23.59M	20.07M
Cash Flow
Free Cash Flow	-3.00K	-1.50M	-1.99M	6.26M	1.36M	2.12M
Operating Cash Flow	-767.00K	370.00K	-1.37M	6.26M	1.39M	2.20M
Investing Cash Flow	-49.00K	-2.10M	-864.00K	-3.02M	4.10M	-517.00K
Financing Cash Flow	-396.00K	2.87M	-574.00K	-335.00K	-760.00K	-1.50M

Maui Land & Pineapple Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLP, the sentiment is Positive. The current price of 16.99 is above the 20-day moving average (MA) of 16.98, above the 50-day MA of 16.13, and above the 200-day MA of 16.66, indicating a bullish trend. The MACD of 0.16 indicates Positive momentum. The RSI at 54.86 is Neutral, neither overbought nor oversold. The STOCH value of 59.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLP.

Maui Land & Pineapple Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMR	70 Neutral	$519.39M	15.68	7.39%	11.98%	-21.98%	-25.08%
RMAX	68 Neutral	$256.69M	12.82	2.87%	―	-6.06%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FRPH	60 Neutral	$464.51M	99.88	1.09%	―	2.69%	-39.40%
TCI	53 Neutral	$449.42M	79.98	0.67%	―	0.13%	75.97%
MLP	51 Neutral	$335.21M	-29.56	-33.39%	―	73.49%	-130.52%

Maui Land & Pineapple Company Corporate Events

Maui Land & Pineapple Expands and Extends Credit Facility

On December 22, 2025, Maui Land & Pineapple Company, Inc. amended its existing credit arrangements with First Hawaiian Bank, expanding its revolving credit facility from $15 million to $25 million and extending the term from four to five years, with a new maturity date of December 31, 2030. The revised facility allows for both revolving and term loan borrowings, caps aggregate principal at $25 million, sets interest on revolving borrowings at the bank’s prime rate minus 1.125 percentage points, and fixes term loan rates at the bank’s commercial loan levels with interest rate swap options, providing the company with greater financial flexibility to deploy capital, support its asset utilization strategy, and pursue sustainable growth initiatives.

The most recent analyst rating on (MLP) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Maui Land & Pineapple Company stock, see the MLP Stock Forecast page.

Maui Land & Pineapple Sells Kapalua Property for $10M

On December 3, 2025, Maui Land & Pineapple Company entered into a Purchase and Sale Agreement with Harvest at Kumulani Chapel to sell a 6.5-acre property in Kapalua, Lahaina, Hawaii, for $10 million. The agreement includes a 90-day due diligence period and a 730-day entitlement period for government approvals, with provisions for extensions and deposit arrangements, impacting the company’s real estate portfolio and community engagement in West Maui.

The most recent analyst rating on (MLP) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Maui Land & Pineapple Company stock, see the MLP Stock Forecast page.