Overview Dividends

(ALEX) Alexander & Baldwin Holdings - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0144911049

Retail Centers, Industrial Assets, Office Properties, Ground Leases

ALEX EPS (Earnings per Share)

EPS Growth (3Y CAGR): 352.45%
EPS Trend (3Y Correlation): 61.8%

ALEX Revenue

Revenue Growth (3Y CAGR): 199.91%
Revenue Trend (3Y Correlation): 48.3%

Risk via 10d forecast
Volatility	20.7%
Value at Risk 5%th	33.9%

Reward
Sharpe Ratio	-1.03
Alpha Jensen	-31.65

Character
Hurst Exponent	0.445
Beta	1.057

Drawdowns 3y
Max DD	20.42%
Mean DD	8.24%

Description: ALEX Alexander & Baldwin Holdings November 12, 2025

Alexander & Baldwin Holdings Inc. (NYSE: ALEX) is the sole publicly-traded REIT dedicated exclusively to Hawai‘i’s commercial real-estate market, making it the state’s largest owner of grocery-anchored neighborhood shopping centers. The company’s portfolio comprises roughly four million sq ft of space, including 21 retail centers, 14 industrial properties, four office buildings, and 146 acres of ground-lease assets, reflecting a 155-year legacy of involvement across Hawai‘i’s agriculture, tourism, transportation, construction, and residential sectors.

Key performance indicators from the most recent quarter show a funds-from-operations (FFO) yield of about 5.2 % and a net operating income (NOI) growth rate of 3.1 % YoY, driven by strong tourism-linked consumer traffic that supports retail rents. The company’s exposure to tourism-related spending is a primary sector driver, while the limited land supply and high construction costs in Hawai‘i create a structural barrier to new supply, underpinning occupancy stability.

For a deeper, data-driven assessment of ALEX’s valuation and risk profile, you might find the analytics on ValueRay worth exploring.

ALEX Stock Overview

Market Cap in USD	1,162m
Sub-Industry	Diversified REITs
IPO / Inception	2012-06-14
Return 12m vs S&P 500	-27.4%
Analyst Rating	4.25 of 5

ALEX Dividends

Dividend Yield	5.68%
Yield on Cost 5y	7.29%
Yield CAGR 5y	27.34%
Payout Consistency	77.6%
Payout Ratio	89.1%

ALEX Growth Ratios

CAGR	-2.42%
CAGR/Max DD Calmar Ratio	-0.12
CAGR/Mean DD Pain Ratio	-0.29
Current Volume	292.3k
Average Volume	417.9k

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (73.3m TTM) > 0 and > 6% of Revenue (6% = 13.1m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA 0.61pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 20.38% (prev -54.24%; Δ 74.61pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.04 (>3.0%) and CFO 66.8m <= Net Income 73.3m (YES >=105%, WARN >=100%)

Net Debt (-17.3m) to EBITDA (124.6m) ratio: -0.14 <= 3.0 (WARN <= 3.5)

Current Ratio 3.06 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (72.9m) change vs 12m ago 0.18% (target <= -2.0% for YES)

Gross Margin 57.90% (prev 48.90%; Δ 8.99pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 13.19% (prev 13.76%; Δ -0.57pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.32 (EBITDA TTM 124.6m / Interest Expense TTM 17.8m) >= 6 (WARN >= 3)

Altman Z'' 1.84

(A) 0.03 = (Total Current Assets 66.0m - Total Current Liabilities 21.6m) / Total Assets 1.66b

(B) -0.49 = Retained Earnings (Balance) -814.2m / Total Assets 1.66b

(D) 2.81 = Book Value of Equity 1.81b / Total Liabilities 645.7m

Total Rating: 1.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.89

1. Piotroski 4.50pt = -0.50

2. FCF Yield 3.57% = 1.78

3. FCF Margin 26.47% = 6.62

4. Debt/Equity 0.47 = 2.39

5. Debt/Ebitda -0.14 = 2.50

6. ROIC - WACC (= -1.78)% = -2.22

7. RoE 7.27% = 0.61

8. Rev. Trend 48.29% = 3.62

9. EPS Trend 61.83% = 3.09

What is the price of ALEX shares?

As of November 12, 2025, the stock is trading at USD 15.84 with a total of 292,260 shares traded.
Over the past week, the price has changed by +1.28%, over one month by -4.86%, over three months by -11.33% and over the past year by -16.19%.

Is Alexander & Baldwin Holdings a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Alexander & Baldwin Holdings (NYSE:ALEX) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 67.89 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ALEX is around 14.34 USD . This means that ALEX is currently overvalued and has a potential downside of -9.47%.

Is ALEX a buy, sell or hold?

Alexander & Baldwin Holdings has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy ALEX.

Strong Buy: 2
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ALEX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	21.3	34.2%
Analysts Target Price	21.3	34.2%
ValueRay Target Price	15.8	-0.4%

ALEX Fundamental Data Overview November 02, 2025

Market Cap USD = 1.16b (1.16b USD * 1.0 USD.USD)
P/E Trailing = 15.8119
P/E Forward = 23.1481
P/S = 4.8758
P/B = 1.2748
P/EG = 4.48
Beta = 1.057
Revenue TTM = 218.1m USD
EBIT TTM = 76.8m USD
EBITDA TTM = 124.6m USD
Long Term Debt = 474.8m USD (from longTermDebt, last fiscal year)
Short Term Debt = 40.9m USD (from shortTermDebt, last fiscal year)
Debt = 474.8m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -17.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.62b USD (1.16b + Debt 474.8m - CCE 17.3m)
Interest Coverage Ratio = 4.32 (Ebit TTM 76.8m / Interest Expense TTM 17.8m)
FCF Yield = 3.57% (FCF TTM 57.7m / Enterprise Value 1.62b)
FCF Margin = 26.47% (FCF TTM 57.7m / Revenue TTM 218.1m)
Net Margin = 33.62% (Net Income TTM 73.3m / Revenue TTM 218.1m)
Gross Margin = 57.90% ((Revenue TTM 218.1m - Cost of Revenue TTM 91.8m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 45.62%)
Tobins Q-Ratio = 0.98 (Enterprise Value 1.62b / Total Assets 1.66b)
Interest Expense / Debt = 0.01% (Interest Expense 47.0k / Debt 474.8m)
Taxrate = -0.52% (negative due to tax credits) (-75.0k / 14.5m)
NOPAT = 77.2m (EBIT 76.8m * (1 - -0.52%)) [negative tax rate / tax credits]
Current Ratio = 3.06 (Total Current Assets 66.0m / Total Current Liabilities 21.6m)
Debt / Equity = 0.47 (Debt 474.8m / totalStockholderEquity, last quarter 1.01b)
Debt / EBITDA = -0.14 (Net Debt -17.3m / EBITDA 124.6m)
Debt / FCF = -0.30 (Net Debt -17.3m / FCF TTM 57.7m)
Total Stockholder Equity = 1.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.43% (Net Income 73.3m / Total Assets 1.66b)
RoE = 7.27% (Net Income TTM 73.3m / Total Stockholder Equity 1.01b)
RoCE = 5.18% (EBIT 76.8m / Capital Employed (Equity 1.01b + L.T.Debt 474.8m))
RoIC = 5.26% (NOPAT 77.2m / Invested Capital 1.47b)
WACC = 7.04% (E(1.16b)/V(1.64b) * Re(9.91%) + D(474.8m)/V(1.64b) * Rd(0.01%) * (1-Tc(-0.01)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.38%
[DCF Debug] Terminal Value 75.24% ; FCFE base≈53.6m ; Y1≈64.6m ; Y5≈104.7m
Fair Price DCF = 17.77 (DCF Value 1.29b / Shares Outstanding 72.8m; 5y FCF grow 22.01% → 3.0% )
EPS Correlation: 61.83 | EPS CAGR: 352.4% | SUE: 0.31 | # QB: 0
Revenue Correlation: 48.29 | Revenue CAGR: 199.9% | SUE: -0.05 | # QB: 0

Additional Sources for ALEX Stock

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Fund Manager Positions: Dataroma | Stockcircle