RYN

Rayonier Inc.

Fundamental data last updated:October 17, 2026

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company profile

SECTOR

Real Estate

industry

REIT - Specialty

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

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.

 


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VALUATION

P/E

7.05

Market Cap ($M USD)

$3.27B

Forward P/E

27.28

PEG

-0.37

PRICE TO SALES

4.82

PRICE TO BOOK

0.62

EV / EBITDA

22.69

5-Year Average P/E

Free Cash Flow Yield

6.28%

DCF Value

$5.61

Graham Number

$48.04

Price to FCF

15.92

EV to FCF

22.79

Earnings Yield

14.18%

FCF Yield

6.28%

DIVIDEND

Yield

11.74%

Annual Payout

$2.48

Payout Ratio

71.03%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$2.99

Next Year EPS Growth Estimate

$0.77

Next Year Revenue Growth Estimate

$1.66B

Return on Equity (ROE)

15.36%

FREE CASH FLOW

Operating Margin

5.56%

Debt-to-Equity

0.49

Piotroski F-Score

5

Altman Z-Score

1.03

Return on Invested Capital (ROIC)

0.50%

Current Ratio

3.49

Quick Ratio

3.49

Net Debt to EBITDA

6.84

Interest Coverage

0.97

Gross Profit margin

15.66%

FCF PER SHARE

$1.32

REVENUE PER SHARE

$4.36

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Gainseekers Quantitative Analysis

Summary

Rayonier Inc. appears to be significantly mispriced based on its DCF Value and Graham Number, suggesting a potential undervaluation. The Forward P/E of 27.69 raises questions about future growth expectations, especially when juxtaposed with a low Earnings Yield of 8.90%. The Altman Z-score of 1.81 indicates financial distress, hinting at potential solvency issues. Despite a robust Return on Equity of 15.36%, the market seems skeptical, possibly due to the company’s high EV to EBITDA ratio of 21.03, which suggests overvaluation relative to earnings.

AI Exposure / Tech Reliance

Operating within the REIT - Specialty sector, Rayonier Inc. is not directly tied to tech or AI advancements. However, its focus on real estate could benefit indirectly from tech-driven efficiencies in property management and data analytics. The company's adaptability to tech shifts remains limited by its core industry focus.

The Bull Case

For the value or GARP investor, Rayonier offers intriguing prospects. Its ROIC of 2.99% and a Piotroski F-Score of 4 suggest moderate operational efficiency and financial health. The FCF Yield of 6.62% indicates decent cash generation relative to its price, while a manageable Debt/Equity ratio of 0.49 reflects prudent financial management. These factors, combined with a solid operating margin of 5.56%, suggest potential for stable returns and capital efficiency.

The Bear Case

Despite some strengths, Rayonier faces significant structural risks. The Forward P/E ratio is alarmingly high, suggesting over-optimism about future earnings. Its Net Debt to EBITDA ratio of 5.69 and an Interest Coverage of just 0.97 highlight potential liquidity challenges. Additionally, the stock's price is extended above its 50-Day SMA, indicating technical overextension. These factors, coupled with a weak Altman Z-score, paint a picture of financial vulnerability.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$27.20

Institutional Ownership %

1-Year Beta

0.92

Insider Buying % (6 Mo)

Distance to 52-Week High

29.51%

Distance to 52-Week Low

7.67%

EARNINGS SURPRISE %

16.67%

50-DAY SMA

$20.70

200-DAY SMA

$22.82

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.