-0.18%
0.55%
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-28.18%
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Stock-Card

AI Spotlight on RYN

Company Description

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand.As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres).The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres.


On a “look-through basis”, the Company's ownership in the timber fund business equates to approximately 17,000 acres.

Market Data

Last Price 26.24
Change Percentage -0.18%
Open 26.13
Previous Close 26.29
Market Cap ( Millions) 3910
Volume 36238
Year High 35.29
Year Low 24.88
M A 50 28.18
M A 200 29.8

Financial Ratios

FCF Yield 4.56%
Dividend Yield 4.34%
ROE 8.73%
Debt / Equity 78.02%
Net Debt / EBIDTA 265.66%
Price To Book 2.19
Price Earnings Ratio 24.6
Price To FCF 21.95
Price To sales 3.89
EV / EBITDA 10.53

News

Business Breakdown

Expected Mid-Term Growth

Segment n°1 -> Real Estate

Expected Growth : 4.65 %

What the company do ?

Rayonier Inc.'s Real Estate segment manages and redevelops timberlands, offering a unique blend of rural and suburban properties for sale, lease, or joint venture opportunities.

Why we expect these perspectives ?

Rayonier Inc.'s Real Estate segment growth of 4.65% is driven by increasing timberland values, strategic land sales, and growing demand for recreational and conservation properties. Additionally, the company's focus on high-value markets, such as the Pacific Northwest, and its ability to capitalize on emerging trends, like outdoor recreation, contribute to its growth momentum.

Segment n°2 -> Southern Timber

Expected Growth : 4.83 %

What the company do ?

Southern Timber is a leading timberland manager and wood products company, operating in the US South, offering high-quality timber and wood products, acquired by Rayonier Inc. in 2006.

Why we expect these perspectives ?

Southern Timber's 4.83% growth is driven by increasing demand for lumber and wood products, fueled by a strong US housing market and repair and remodeling activities. Additionally, Rayonier's strategic timberland acquisitions and efficient operations contribute to the segment's growth.

Segment n°3 -> New Zealand Timber

Expected Growth : 4.65 %

What the company do ?

New Zealand Timber from Rayonier Inc. is a leading producer of high-quality timber, offering a range of wood products from sustainably managed forests.

Why we expect these perspectives ?

New Zealand Timber from Rayonier Inc. growth of 4.65% driven by increasing demand for sustainable building materials, favorable government policies, and rising exports to Asia, particularly China. Additionally, the segment benefits from Rayonier's efficient forestry management practices and strategic land holdings, ensuring a steady supply of high-quality timber.

Segment n°4 -> Pacific Northwest Timber

Expected Growth : 4.83 %

What the company do ?

The Pacific Northwest Timber segment from Rayonier Inc. manages timberlands in Oregon and Washington, USA, offering logs and timber products to wood products manufacturers.

Why we expect these perspectives ?

Pacific Northwest Timber from Rayonier Inc. growth of 4.83% driven by increasing demand for sustainable forestry products, favorable weather conditions, and strategic land management practices. Additionally, growing global demand for wood pellets and bioenergy products, as well as increasing prices for softwood lumber, contribute to this growth.

Segment n°5 -> Trading

Expected Growth : 5.4 %

What the company do ?

Rayonier Inc. is a timberland real estate investment trust (REIT) that trades on the New York Stock Exchange (NYSE) under the ticker symbol RYN, focusing on sustainable forestry and real estate operations.

Why we expect these perspectives ?

Rayonier Inc.'s 5.4% growth is driven by increasing demand for timber and wood products, fueled by a strong housing market and infrastructure development. Additionally, the company's strategic acquisitions and expansion into new markets, such as biomass energy, contribute to its growth momentum.

Segment n°6 -> Intersegment Eliminations

Expected Growth : 4.65 %

What the company do ?

Intersegment Eliminations from Rayonier Inc. refers to the elimination of transactions between different business segments within the company to present a consolidated financial picture.

Why we expect these perspectives ?

Rayonier Inc.'s 4.65% Intersegment Eliminations growth is driven by increased timberland acquisitions, higher pulpwood and sawtimber prices, and improved lumber demand. Additionally, the company's strategic capital allocation and cost savings initiatives have enhanced operational efficiency, contributing to the growth.

Rayonier Inc. Products

Product Range What is it ?
Timber Rayonier Inc. harvests and sells timber to sawmills, pulp and paper mills, and other wood products manufacturers.
Pulp and Paper Products Rayonier Inc. produces and sells pulp and paper products, including packaging, printing papers, and tissue products.
New Zealand Timber Rayonier Inc. harvests and sells timber from its New Zealand operations to Asian markets.
Real Estate Rayonier Inc. sells rural and urban properties, including timberlands, to individuals, companies, and governments.
Silviculture Services Rayonier Inc. provides forestry management services, including tree planting, thinning, and harvesting.
Carbon Sequestration Rayonier Inc. develops and sells carbon credits from its forestry operations.

Rayonier Inc.'s Porter Forces

Rayonier Inc. faces moderate threat from substitutes, as timber and wood products can be replaced by alternative materials such as steel, aluminum, and recycled materials.

Rayonier Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are often customized, making it difficult for customers to switch suppliers.

Rayonier Inc. relies on a network of suppliers for raw materials, equipment, and services. While the company has some bargaining power due to its size, suppliers may still exert some influence, particularly in times of high demand.

The timber and wood products industry has high barriers to entry, including significant capital requirements, regulatory hurdles, and the need for specialized expertise. This limits the threat of new entrants.

The timber and wood products industry is highly competitive, with many established players competing for market share. Rayonier Inc. faces intense rivalry from companies such as Weyerhaeuser, Plum Creek Timber, and PotlatchDeltic.

Strength

Weaknesses

Opportunities

Threats

Capital Structure

Value
Debt Weight 43.46%
Debt Cost 3.95%
Equity Weight 56.54%
Equity Cost 9.43%
WACC 7.05%
Leverage 76.87%

Rayonier Inc. : Quality Control

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
WY Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage …
LAMR Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers …
PCH PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, …
SBAC SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By “Building Better Wireless,” …
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include building …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
26.24$
Current Price
26.24$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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