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Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
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Matson Inc provides container shipping and logistics across the Pacific, serving Hawaii, Alaska, Guam, Micronesia and transpacific trade lanes alongside inland intermodal services. Long-term growth drivers include steady demand for essential goods to island markets, logistics integration and fleet renewal that could support pricing and operating efficiency and may appeal to investors seeking stable route exposure.
Principal risks are exposure to global trade cyclicality and freight-rate volatility, fuel and operating cost swings, capital-intensive fleet requirements and regulatory or concentration risk on core routes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1352.30M | 1171.30M | 259.00M | 107.80M | 147.70M |
| Net income | 1063.90M | 927.40M | 193.10M | 82.70M | 109.00M |
| Selling general administrative | 261.00M | 236.50M | 225.00M | 216.80M | 220.80M |
| Gross profit | 1531.50M | 1367.70M | 479.00M | 325.10M | 347.80M |
| Reconciled depreciation | 294.30M | 239.20M | 189.70M | 161.10M | 94.40M |
| Ebit | 1353.60M | 1187.50M | 280.30M | 129.10M | 166.40M |
| Ebitda | 1664.60M | 1433.10M | 476.10M | 191.00M | 260.80M |
| Depreciation and amortization | 311.00M | 245.60M | 195.80M | 61.90M | 94.40M |
| Non operating income net other | 16.70M | 6.40M | 6.10M | - | 2.60M |
| Operating income | 1353.60M | 1187.50M | 280.30M | 129.10M | 163.80M |
| Other operating expenses | 3072.50M | 2794.10M | 2129.30M | 2094.80M | 2095.80M |
| Interest expense | 18.00M | 22.60M | 27.40M | 22.50M | 18.70M |
| Tax provision | 288.40M | 243.90M | 65.90M | 25.10M | 38.70M |
| Interest income | 8.20M | - | - | 22.50M | 18.70M |
| Net interest income | -9.80M | -22.60M | -27.40M | -22.50M | -18.70M |
| Extraordinary items | - | - | - | 2.90M | -2.90M |
| Income tax expense | 288.40M | 243.90M | 65.90M | 25.10M | 38.70M |
| Total revenue | 4343.00M | 3925.30M | 2383.30M | 2203.10M | 2222.80M |
| Total operating expenses | 261.00M | 236.50M | 225.00M | 216.80M | 220.80M |
| Cost of revenue | 2811.50M | 2557.60M | 1904.30M | 1878.00M | 1875.00M |
| Total other income expense net | -1.30M | -16.20M | -21.30M | -21.30M | 39.40M |
| Net income from continuing ops | 1063.90M | 927.40M | 193.10M | 82.70M | 109.00M |
| Net income applicable to common shares | 1063.90M | 927.40M | 193.10M | 82.70M | 109.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 4330.00M | 3693.10M | 2900.60M | 2845.40M | 2426.30M |
| Intangible assets | 174.90M | 181.10M | 192.00M | 202.90M | 214.00M |
| Other current assets | 509.80M | 422.10M | 291.50M | 268.40M | 298.80M |
| Total liab | 2033.10M | 2025.70M | 1939.40M | 2039.70M | 1670.00M |
| Total stockholder equity | 2296.90M | 1667.40M | 961.20M | 805.70M | 756.30M |
| Deferred long term liab | 646.50M | 425.20M | 389.60M | 59.00M | 312.70M |
| Other current liab | -397.40M | 547.40M | 165.00M | 145.70M | 69.50M |
| Common stock | 27.20M | 30.70M | 32.40M | 32.20M | 32.00M |
| Capital stock | 27.20M | 30.70M | 32.40M | 32.20M | 32.00M |
| Retained earnings | 1986.20M | 1353.50M | 658.10M | 504.20M | 460.00M |
| Other liab | 761.30M | 863.60M | 742.30M | 495.00M | 490.00M |
| Good will | 327.80M | 327.80M | 327.80M | 327.80M | 323.70M |
| Other assets | 627.10M | 542.70M | 81.00M | 94.70M | 116.60M |
| Cash | 249.80M | 282.40M | 14.40M | 21.20M | 19.60M |
| Total current liabilities | 581.60M | 612.40M | 511.50M | 436.70M | 364.10M |
| Current deferred revenue | 646.50M | -308.40M | 4.20M | 6.90M | 5.70M |
| Net debt | 254.80M | 332.30M | 730.40M | 937.20M | 836.80M |
| Short term debt | 76.90M | 65.00M | 59.20M | 48.40M | 42.10M |
| Short long term debt | 76.90M | 65.00M | 59.20M | 48.40M | 42.10M |
| Short long term debt total | 504.60M | 614.70M | 744.80M | 958.40M | 856.40M |
| Other stockholder equity | 290.40M | 314.10M | 321.50M | 306.20M | 298.30M |
| Property plant equipment | 1962.50M | 1878.30M | 1689.90M | 1854.20M | 1366.60M |
| Total current assets | 759.60M | 704.50M | 305.90M | 289.60M | 318.40M |
| Long term investments | 81.20M | 58.70M | 48.70M | 76.20M | 87.00M |
| Net tangible assets | 1794.20M | 1158.50M | 441.40M | 275.00M | 213.50M |
| Short term investments | - | - | 48.00M | - | - |
| Net receivables | 456.70M | 366.80M | 253.70M | 218.70M | 250.50M |
| Long term debt | 427.70M | 549.70M | 685.60M | 910.00M | 814.30M |
| Inventory | -456.70M | -366.80M | -253.70M | -218.70M | -250.50M |
| Accounts payable | 255.60M | 308.40M | 283.10M | 235.70M | 246.80M |
| Accumulated other comprehensive income | -6.90M | -30.90M | -50.80M | -36.90M | -34.50M |
| Common stock total equity | 27.20M | 30.70M | 32.40M | 32.20M | 32.00M |
| Retained earnings total equity | 1986.20M | 1353.50M | 658.10M | - | 460.00M |
| Non currrent assets other | 377.50M | 117.50M | -53.30M | 13.20M | -196.10M |
| Deferred long term asset charges | 55.30M | 68.70M | 51.90M | - | 67.10M |
| Non current assets total | 3570.40M | 2988.60M | 2594.70M | 2555.80M | 2107.90M |
| Capital lease obligations | 406.10M | 445.00M | 259.30M | 264.60M | - |
| Long term debt total | 427.70M | 549.70M | 685.60M | 910.00M | 814.30M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -729.30M | -323.40M | -177.00M | -306.90M | 3.70M |
| Change to liabilities | -32.00M | 39.60M | 37.90M | -13.90M | 63.60M |
| Total cashflows from investing activities | -729.30M | -323.40M | -177.00M | -306.90M | -260.30M |
| Net borrowings | -111.50M | -131.10M | -216.80M | 102.00M | -0.70M |
| Total cash from financing activities | -576.60M | -392.70M | -261.50M | 62.00M | -40.00M |
| Change to operating activities | -200.40M | -174.10M | -52.60M | -36.80M | 14.80M |
| Net income | 1063.90M | 927.40M | 193.10M | 82.70M | 109.00M |
| Change in cash | -34.00M | 268.00M | -8.70M | 3.90M | 4.70M |
| Begin period cash flow | 287.70M | 19.70M | 28.40M | 24.50M | 19.80M |
| End period cash flow | 253.70M | 287.70M | 19.70M | 28.40M | 24.50M |
| Total cash from operating activities | 1271.90M | 984.10M | 429.80M | 248.80M | 305.00M |
| Issuance of capital stock | 0.00M | 0.00M | 0.10M | 0.30M | 0.70M |
| Depreciation | 294.30M | 239.20M | 189.70M | 60.70M | 94.40M |
| Other cashflows from investing activities | -666.90M | -308.50M | -89.20M | 3.40M | 74.60M |
| Dividends paid | -48.00M | -45.90M | -39.20M | -37.20M | 35.40M |
| Change to inventory | - | -162.10M | -60.90M | -45.20M | -3.40M |
| Change to account receivables | 74.60M | -90.30M | -48.00M | 17.80M | -29.10M |
| Sale purchase of stock | -397.00M | -198.30M | 973.50M | 622.10M | 963.90M |
| Other cashflows from financing activities | -20.10M | -17.40M | -24.10M | -3.10M | -4.60M |
| Change to netincome | 23.90M | 42.30M | 47.40M | 37.90M | 44.70M |
| Capital expenditures | 211.10M | 325.30M | 192.30M | 310.30M | 401.20M |
| Change receivables | 74.60M | -90.30M | -48.00M | - | -29.10M |
| Cash flows other operating | 1205.40M | 1053.70M | 277.60M | - | 131.40M |
| Cash and cash equivalents changes | -34.00M | 268.00M | -8.70M | - | 4.70M |
| Change in working capital | -131.80M | -188.50M | -39.00M | -7.00M | 76.10M |
| Stock based compensation | 18.30M | 19.30M | 18.80M | 11.30M | 12.10M |
| Other non cash items | -63.00M | -46.50M | 15.10M | 77.50M | -15.90M |
| Free cash flow | 1060.80M | 658.80M | 237.50M | -61.50M | -96.20M |
Sector: Industrials Industry: Marine Shipping
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MATX Matson Inc |
-1.94 0.91% |
211.93 | 12.46 | 17.61 | 1.21 | 1.58 | 1.40 | 6.29 |
| AMKAF AP Moeller - Maersk A/S A |
- -% |
3012.51 | 13.59 | 2500.00 | 0.66 | 0.63 | 0.79 | 3.81 |
| AMKBY AP Moeller-Maersk AS |
-0.44 2.84% |
15.06 | 13.25 | 2500.00 | 0.65 | 0.63 | 0.80 | 3.88 |
| AMKBF A.P. Møller - Mærsk A/S |
- -% |
3086.00 | 12.94 | 2500.00 | 0.63 | 0.60 | 0.79 | 3.81 |
| ICTEF International Container Terminal Services Inc |
- -% |
12.96 | 28.04 | 22.42 | 8.70 | 17.16 | 9.66 | 15.21 |
Matson, Inc., together with its subsidiaries, provides ocean transportation and logistics services. The company's Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, foods and beverages, building materials, automobiles, and household goods; livestock; seafood; general sustenance cargo; and garments, footwear, e-commerce, and other retail merchandise. This segment also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo services, inland transportation, container equipment maintenance, and other terminal services to ocean carriers on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, and Dutch Harbor. In addition, the company offers vessel management and container transshipment services. Its Logistics segment provides multimodal transportation brokerage services, including domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload, and expedited freight services; less-than-container load consolidation and freight forwarding services; warehousing and distribution services; supply chain management services, and non-vessel operating common carrier freight forwarding services. The company serves the U.S. military, freight forwarders, retailers, consumer goods, automobile manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
1411 Sand Island Parkway, Honolulu, HI, United States, 96819
808 848 1211
4288
| Name | Title | Year Born |
|---|---|---|
| Mr. Matthew J. Cox | Chairman & CEO | 1961 |
| Mr. Joel M. Wine | Exec. VP & CFO | 1972 |
| Mr. Peter T. Heilmann | Exec. VP, Chief Admin. Officer & Gen. Counsel | 1969 |
| Mr. John P. Lauer | Exec. VP & Chief Commercial Officer | 1961 |
| Mr. P. Weis | Chief Information Officer & Sr. VP | NA |
| Mr. Lee J. Fishman | Director of Investor Relations | NA |
| Mr. John R. Wagner | Director of Corp. Communications | 1961 |
| Mr. Jason L. Taylor | Sr. VP of HR | 1974 |
| Mr. Vicente S. Angoco Jr. | Sr. VP of Alaska | 1967 |
| Mr. Rusty K. Rolfe | Exec. VP | 1958 |
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