ST JOE Co (JOE) stock analysis

P/E below its 5-year median

St Joe's P/E of 33.9 is below its own 5-year median of 35.9.

P/E above the industry

St Joe's P/E of 33.9 is above the Real Estate median of 23.6.

EV/EBITDA below its 5-year median

St Joe's EV/EBITDA of 18.0 is below its 5-year median of 21.4.

P/B above the industry

St Joe's price-to-book of 5.31 is above the Real Estate median of 0.96.

Trading above fair value

The share price of $71.82 is above our fair value estimate of $53.77.

Margin of safety under 20%

The price is 33.6% above fair value, so there is no margin of safety.

Revenue growing 10%+ a year

Revenue grew 26.7% a year over the last three fiscal years.

EPS growing 10%+ a year

Diluted EPS grew 18.0% a year over the last three fiscal years.

Earnings growth not accelerating

Net income grew 15.9% over the last twelve months, against a 5-year average of 20.7% a year.

Growing faster than the industry

Revenue grew 11.1% over the last twelve months; the Real Estate median is 5.4%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin improving

Gross margin was 46.1% over the last twelve months, against 42.3% a year earlier.

Return on equity under 15%

Return on equity was 15.9% over the last twelve months and averaged 12.4% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 20.2%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

St Joe's return on equity of 15.9% is above the Real Estate median of 0.1%.

Earnings grew over 5 years

Net income grew 20.7% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 22.3% over the last twelve months, against a 5-year average of 23.4%.

Net margin above the industry

St Joe's net margin of 22.3% is above the Real Estate median of 0.8%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt coverage

Needs operating cash flow.

Interest well covered

Operating income covers interest expense 6.2 times.

Short-term liquidity

The balance sheet is not split into current and non-current items.

Low bankruptcy risk

The Altman Z-score is 4.67; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

St Joe paid dividends worth 0.9% of the share price over the last twelve months.

Yield below Treasuries

The 0.9% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; St Joe yields 0.9%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 8 fiscal years.

Covered by earnings

Dividends take 30.2% of net income.

Covered by free cash flow

Dividends take 19.9% of free cash flow.