Rayonier RYN
United StatesReal Estate · REIT - SpecialtyUSD
25.33 USD (+40.8%)
6 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
Rayonier Inc. is a REIT specializing in the ownership and management of timberlands in the United States and New Zealand, generating income from timber sales, land leases, and other uses of its assets.
Key points
from its scores- ✕Little competitive advantage2.5
- ✕Little or no dividend3.0
- ✕Poor share-price trend3.1
AI analysis
bottom line, main risk, context and newsOperational deterioration, high leverage, and unsustainable dividend make Rayonier a high-risk option in the current rising-rate environment.
Rayonier has a leveraged balance sheet (Net Debt/EBITDA of 4.35) and a clearly deteriorating business: earnings are down -97.6% and the 231.52% payout is unsustainable, explaining its weak quality score (2.55) and pressure on the dividend. The rise in long-term US rates aggravates the cost of its debt and the valuation of its long-duration assets.
The main risk is the combination of a highly leveraged balance sheet (Net Debt/EBITDA of 4.35) with a business in freefall (earnings -97.6%), which jeopardizes dividend sustainability (231.52% payout) and leaves the company highly exposed to higher debt costs.
Context and risks
Rayonier is a US timber REIT. The rise in long-term Treasury rates to 5.28% makes its financing more expensive and pressures the valuation of its long-duration assets, a material risk for a vehicle with Net Debt/EBITDA of 4.35. Weak timber prices and falling earnings reflect a difficult operating environment, with no direct impact from the current geopolitical context.
Is Rayonier stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 27% above the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 39.1 | 21.6 | +81% |
| EV / EBITDA | 20.2 | 18.5 | +9% |
| Price / book | 1.0 | 1.4 | −28% |
| Price / sales | 5.6 | 6.3 | −12% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.7 out of 10 (median for Real Estate: 4.9).
Average analyst target: 25.33 USD, +40.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 2.5 (sector 5.2), Growth 5.5 (sector 5.7).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 39.1
- Forward P/E
- 28.8
- EV / EBITDA
- 20.2
- Price / book
- 1.0
- Price / sales
- 5.6
- Market cap
- 5.4B USD
- Enterprise value
- 6.9B USD
Profitability
- ROE
- 2.0%
- ROA
- 1.8%
- ROIC (approx.)
- 1.6%
- Gross margin
- 24.8%
- Operating margin
- 11.8%
- Net margin
- 7.8%
- Free cash flow
- 111.0M USD
- FCF yield
- 2.1%
- Cash conversion
- 33%
Solvency
- Total debt
- 1.9B USD
- Net debt
- 1.5B USD
- Cash
- 411.8M USD
- EBITDA
- 340.5M USD
- Net debt / EBITDA
- 4.35
- Debt / equity
- 36.02
- Current ratio
- 3.56
- Quick ratio
- 2.49
Growth
- Revenue growth
- +272.1%
- Earnings growth
- −97.6%
- EPS (TTM)
- 0.46 USD
- EPS (forward)
- 0.62 USD
Dividend
- Dividend yield
- 5.8%
- Payout
- 231.5%
Risk and market
- Beta
- 0.92
- Analyst consensus
- Buy (6)
- Target price
- 25.33 USD
- 52-week range
- 17.71 – 26.75
Recent news
All RYN news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Rayonier
Is Rayonier stock cheap or expensive?
On P/E and Price / book, it trades 27% above the Real Estate median on average. Valuation score: 4.7 out of 10 (median for Real Estate: 4.9). Average analyst target: 25.33 USD, +40.8% versus the price. This is not investment advice.
What score does Rayonier get on MeridIAn Screener?
It scores 4.6 out of 10, rank 1,854 of 2,130 (better than 13% of the companies analysed). Its strongest category is Financial health (6.3) and its weakest, Quality / Moat (2.5). Analysis of 08/10/2026.
What is Rayonier's P/E ratio?
Its P/E is 39.1: the share price equals 39.1 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 28.8.
How much is Rayonier worth on the stock market?
Its market capitalisation is 5.4B USD.
Does Rayonier pay a dividend?
Yes: its dividend yield is 5.78% and it pays out 232% of its earnings.
How has Rayonier stock performed over the last year?
It has fallen 21.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 17.71 and 26.75 USD. Past performance does not guarantee future results.
What do analysts think of Rayonier?
6 analysts cover it; their average recommendation is “Buy” and their average target is 25.33 USD (+40.8% versus the price). It is an estimate, not market data.