Education
About Us
Working with TipRanks
Follow Us
PotlatchDeltic Corporation (PCH)
NASDAQ:PCH
Top Page
PotlatchDeltic
(NASDAQ:PCH)
Select Model
Select Model
Rating:61Neutral
Price Target:
$41.00
▼(-0.97% Downside)
PotlatchDeltic's overall stock score reflects operational efficiency and strategic initiatives, such as the merger with Rayonier, which offer long-term potential. However, current financial performance challenges, bearish technical indicators, and a high P/E ratio weigh on the score. The company's strong real estate segment and dividend yield provide some support, but immediate market conditions remain challenging.
Positive Factors
Real Estate Performance
Strong real estate performance enhances revenue stability and capitalizes on land value, supporting long-term growth and diversification.
Merger with Rayonier
The merger with Rayonier is set to enhance operational efficiency and market position, providing long-term growth opportunities and cost savings.
Operational Resilience
Effective cost management in the Wood Products segment strengthens operational resilience, positioning the company for future market improvements.
Negative Factors
Revenue Decline
Declining revenue growth challenges the company's ability to expand and invest in future initiatives, potentially impacting long-term competitiveness.
Weak Lumber Market
Weak lumber prices negatively impact profitability in the Wood Products segment, posing a risk to earnings stability and growth potential.
Cash Flow Challenges
Declining free cash flow growth limits financial flexibility and the ability to fund strategic initiatives, potentially hindering long-term growth.
PotlatchDeltic (PCH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.13B
Dividend Yield4.35%
Average Volume (3M)759.16K
Price to Earnings (P/E)49.4
Beta (1Y)0.62
Revenue Growth5.40%
EPS Growth294.38%
CountryUS
Employees1,383
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.36
Shares Outstanding77,291,016
10 Day Avg. Volume799,078
30 Day Avg. Volume759,160
Financial Highlights & Ratios
PEG Ratio-2.22
Price to Book (P/B)1.53
Price to Sales (P/S)2.93
P/FCF Ratio46.09
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue3.69
Enterprise Value/Gross Profit34.87
Enterprise Value/Ebitda24.23
Forecast
1Y Price Target
$49.00Price Target Upside18.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.49
Revenue Forecast (FY)$1.08B
PotlatchDeltic Business Overview & Revenue Model
Company DescriptionPotlatchDeltic Corporation (PCH) is a leading real estate investment trust (REIT) and a prominent player in the timber industry, operating primarily in the United States. The company engages in the management and harvesting of timberlands, the manufacturing of wood products, and the development of residential and commercial real estate. PotlatchDeltic's core products include lumber, plywood, and engineered wood products, which are essential for construction and other industries. The company is also involved in the sale of land and forest products, contributing to its diverse portfolio.
How the Company Makes MoneyPotlatchDeltic generates revenue through several key streams. Primarily, the company earns money from the sale of timber and wood products, which includes lumber and engineered wood products produced in its manufacturing facilities. The harvesting of timber from its extensive land holdings also constitutes a significant revenue source. Additionally, the company profits from real estate development and sales, as it engages in the sale of residential and commercial properties. PotlatchDeltic has established partnerships with various stakeholders in the construction and real estate sectors, enhancing its market reach. Factors such as timber prices, housing market trends, and effective land management practices also play substantial roles in the company's earnings.
PotlatchDeltic Earnings Call Summary
Earnings Call Date:Nov 03, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 02, 2026
Earnings Call Sentiment Neutral
The earnings call presented a balance of strong real estate performance and strategic initiatives like the proposed merger with Rayonier, against challenges in the lumber and housing markets. While operational efficiencies and long-term optimism were highlighted, immediate market conditions remain challenging.Q3-2025 Updates
Positive Updates
Strong Real Estate Performance
The real estate segment delivered robust performance, driven by 15,600 acres sold at an average price of nearly $3,300 per acre, including two large transactions in Georgia totaling $39 million.
Timberlands Segment Achievement
The Timberlands segment delivered on its Q3 planned harvest volume of 1.9 million tons, with Idaho producing its highest quarterly volume this year.
Proposed Merger with Rayonier
PotlatchDeltic announced a merger with Rayonier, expected to create significant synergies of $40 million primarily through corporate and operational cost optimization.
Increased Liquidity and Financial Stability
The company finished the quarter with $388 million in liquidity and maintained a weighted average cost of debt at approximately 2.3%.
Positive Long-term Outlook
The company maintains a positive view on long-term industry fundamentals, with expectations of improved lumber pricing due to tariffs and supply reductions.
Negative Updates
Weak Lumber Market
The Wood Products segment reported an EBITDA loss of $2 million, driven by historically weak lumber prices.
Challenging U.S. Housing Market
Overall housing demand remains constrained by weaker consumer confidence and affordability challenges, although there are signs of improvement.
Pulpwood Market Pressures
Continued mill closures and capacity reductions in the pulpwood market are putting pressure on pricing.
Company Guidance
During PotlatchDeltic's Third Quarter 2025 Conference Call, the company provided guidance on various key metrics. The total adjusted EBITDA for the third quarter was reported at $89 million, a significant increase from the $52 million recorded in the previous quarter. This increase was largely driven by strong performance in the real estate segment, which included rural and development sales. The Timberlands segment achieved an adjusted EBITDA of $41 million, with a harvest volume of 1.9 million tons, while the Wood Products segment faced an EBITDA loss of $2 million due to historically weak lumber prices. On a positive note, lumber shipments increased to 333 million board feet, and the company achieved its lowest average manufacturing cost per thousand board feet since Q2 2021. In real estate, the company completed notable transactions in Georgia, generating $39 million in revenue, and saw continued strong demand for rural properties. PotlatchDeltic also highlighted its ongoing merger with Rayonier, expecting synergies of $40 million, and discussed its strategic initiatives in natural climate solutions, with 34,000 acres under solar option agreements, expanding to 40,000-45,000 acres by year-end. Looking ahead, the company anticipates a decline in fourth-quarter adjusted EBITDA due to seasonal and market factors, while maintaining optimism for improved lumber pricing and a favorable housing market environment in 2026.PotlatchDeltic Financial Statement Overview
Summary
PotlatchDeltic demonstrates operational efficiency with positive EBIT and EBITDA margins but faces challenges in revenue growth and profitability. The balance sheet is stable with a balanced leverage position, while cash flow metrics indicate room for improvement in cash generation. The company should focus on enhancing revenue growth and profitability to strengthen its financial position.Income Statement
PotlatchDeltic's income statement shows a declining trend in revenue and profitability. The TTM data indicates a decrease in revenue growth rate by -4.15% and a reduction in gross profit margin to 16.29%. Net profit margin also decreased to 3.94%. However, the company maintains a positive EBIT margin of 6.01% and EBITDA margin of 15.98%, suggesting operational efficiency despite revenue challenges.65
Positive
Balance Sheet
The balance sheet reflects a moderate debt-to-equity ratio of 0.56, indicating a balanced leverage position. Return on equity is relatively low at 2.08%, suggesting limited profitability from equity. The equity ratio stands at 60.34%, highlighting a strong equity base relative to total assets, which provides stability.70
Positive
Cash Flow
Cash flow analysis reveals a decline in free cash flow growth by -22.62% in the TTM period. The operating cash flow to net income ratio is 0.71, indicating adequate cash generation relative to net income. The free cash flow to net income ratio is 0.63, suggesting a reasonable conversion of earnings into free cash flow, albeit with room for improvement.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.12B | 1.06B | 1.02B | 1.33B | 1.34B | 1.04B |
| Gross Profit | 118.17M | 116.40M | 124.50M | 523.96M | 621.59M | 353.15M |
| EBITDA | 170.04M | 33.19M | 207.26M | 524.95M | 615.72M | 356.89M |
| Net Income | 64.25M | 21.88M | 62.10M | 333.90M | 423.86M | 166.83M |
Balance Sheet | ||||||
| Total Assets | 3.17B | 3.31B | 3.43B | 3.55B | 2.54B | 2.38B |
| Cash, Cash Equivalents and Short-Term Investments | 88.77M | 151.55M | 230.12M | 343.81M | 296.15M | 252.34M |
| Total Debt | 1.07B | 1.03B | 1.03B | 1.03B | 758.26M | 761.65M |
| Total Liabilities | 1.27B | 1.27B | 1.26B | 1.29B | 1.01B | 1.08B |
| Stockholders Equity | 1.91B | 2.04B | 2.17B | 2.26B | 1.53B | 1.30B |
Cash Flow | ||||||
| Free Cash Flow | 167.43M | 67.47M | 37.50M | 307.10M | 429.47M | 289.48M |
| Operating Cash Flow | 201.12M | 188.47M | 159.11M | 491.90M | 504.89M | 335.26M |
| Investing Cash Flow | -55.00M | -92.06M | -95.30M | -147.52M | -59.15M | -42.19M |
| Financing Cash Flow | -213.58M | -182.37M | -171.71M | -295.56M | -401.31M | -124.98M |
PotlatchDeltic Technical Analysis
Positive
41.40
Price Trends
41.15
Positive
40.97
Positive
40.93
Positive
Market Momentum
-0.36
Positive
52.31
Neutral
49.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PCH, the sentiment is Positive. The current price of 41.4 is above the 20-day moving average (MA) of 41.26, above the 50-day MA of 41.15, and above the 200-day MA of 40.93, indicating a bullish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 49.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PCH.
PotlatchDeltic Risk Analysis
PotlatchDeltic disclosed 33 risk factors in its most recent earnings report. PotlatchDeltic 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
PotlatchDeltic Peers Comparison
UnderperformOutperform
Sector (65)
PCH
PotlatchDeltic
41.40
0.78
1.92%
RYN
Rayonier
23.03
-2.72
-10.56%
WY
Weyerhaeuser
23.08
-7.36
-24.18%
PotlatchDeltic Corporate Events
PotlatchDeltic Reports Q3 Earnings and Merger Plans
Nov 5, 2025
PotlatchDeltic Corporation is a leading Real Estate Investment Trust (REIT) that owns timberlands across several U.S. states and operates in the forest products industry, focusing on sustainable forest management and real estate development.
PotlatchDeltic Navigates Market Challenges with Strategic Moves
Nov 5, 2025
PotlatchDeltic’s recent earnings call painted a picture of a company navigating a complex landscape with both opportunities and challenges. The sentiment was balanced, highlighting strong real estate performance and strategic initiatives such as the proposed merger with Rayonier. However, the call also acknowledged the immediate challenges in the lumber and housing markets, while emphasizing operational efficiencies and a positive long-term outlook.
Business Operations and StrategyM&A Transactions
PotlatchDeltic Announces Merger with Rayonier Inc.
Positive
Oct 14, 2025
On October 13, 2025, PotlatchDeltic Corporation and Rayonier Inc. announced an all-stock merger of equals, creating a leading land resources REIT with a diversified timberland portfolio and significant real estate development potential. The merger, unanimously approved by both companies’ boards, is expected to close in early 2026 and aims to leverage synergies, enhance operational scale, and capitalize on growth opportunities in land-based and natural climate solutions, benefiting stakeholders with anticipated annual synergies of $40 million.
The most recent analyst rating on (PCH) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on PotlatchDeltic stock, see the PCH Stock Forecast page.
Private Placements and Financing
PotlatchDeltic Secures $127.5 Million Term Loan Amendment
Positive
Aug 27, 2025
On August 27, 2025, PotlatchDeltic Corporation and its subsidiaries entered into a Twelfth Amendment to their Term Loan Agreement, securing a $127.5 million unsecured multi-segment Term Loan X. The initial $100 million commitment was funded as a Daily Simple SOFR Loan, maturing in 2035, and was used to refinance an existing loan, potentially enhancing the company’s financial flexibility.
The most recent analyst rating on (PCH) stock is a Hold with a $46.00 price target. To see the full list of analyst forecasts on PotlatchDeltic stock, see the PCH Stock Forecast page.
Business Operations and StrategyFinancial Disclosures
PotlatchDeltic Releases Strategic and Financial Presentation
Positive
Aug 18, 2025
On August 18, 2025, PotlatchDeltic Corporation released presentation materials on its website’s Investor Relations section, outlining its strategic positioning and financial expectations. The materials highlight the company’s leverage to lumber pricing, capital allocation strategies, and opportunities in natural climate solutions, such as solar and carbon credits. PotlatchDeltic is well-positioned to benefit from long-term drivers like housing demand and sustainability trends, supported by its strong balance sheet and integrated business model.
The most recent analyst rating on (PCH) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on PotlatchDeltic stock, see the PCH Stock Forecast page.
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.