Matson, Inc.

Matson, Inc.

MATXยทNYSE

$185.81

-0.63%
IndustrialsMarine Shipping

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, packaged 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 container 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.

At a Glance

Live Snapshot
Market Cap$5.62B
EPS14.0400
P/E Ratio13.23
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 13.2).

Valuation inputs: P/E 13.2, earnings yield +7.6%, momentum -0.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +16.1%, ROIC +8.8%).

Profitability stack: net margin +13.3%, ROE +16.1%, ROIC +8.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +42.0%, momentum -0.6%, net margin +13.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Matson, Inc. Market vs Earnings Trajectory

MATX ยท NYSE

Loading price and EPS data...

Matson, Inc.

Matson, Inc. Fair Value Envelope

MATX ยท NYSE

Our analysis suggests that MATX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $185.81, this represents a potential HIDDEN relative to our calculated worth for Matson, Inc..

Intrinsic Value
Current Price: $185.81
3Y-49.0%
5Y+213.0%
10Y+651.0%
3Y-23.0%
5Y+40.0%
10Y+72.0%
3Y-58.0%
5Y+130.0%
10Y+446.0%
3Y-57.0%
5Y+27.0%
10Y+247.0%
3Y-86.0%
5Y-35.0%
10Y-812.0%
3Y+10.0%
5Y+64.0%
10Y+118.0%
Matson, Inc.

Matson, Inc. Profit Bridge

MATX ยท NYSE
Revenue3.34B
Cost of Goods Sold (2.58B)
Gross Profit761.40M
Operating Expenses (294.10M)
Operating Income467.30M
Interest Expense (17.00M)
Other Income/Expense66.50M
Pretax Income533.80M
Income Tax (89.00M)
Net Income444.80M
Net Income
444.80M

Profitability Analysis

Gross Margin

22.8%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

14.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

13.3%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

16.7%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

22.77%
Gross Profit Margin
-9%
3Y-35.0%
5Y+13.0%
10Y+37.0%
13.97%
Operating Profit Margin
-13%
3Y-52.0%
5Y+31.0%
10Y+77.0%
13.30%
Net Profit Margin
-4%
3Y-46.0%
5Y+64.0%
10Y+217.0%
16.12%
Return on Equity
-10%
3Y-65.0%
5Y-20.0%
10Y-2.0%
9.34%
Return on Assets
-10%
3Y-62.0%
5Y+40.0%
10Y+131.0%
8.85%
Return on Invested Capital
-15%
3Y-65.0%
5Y+18.0%
10Y+64.0%
MATX

Matson, Inc. Cash Conversion Engine

MATX ยท NYSE
Net Income444.80M
Depreciation & Amortization300.00M
Stock-Based Compensation0.00
Change in Working Capital-205.70M
Others-2.30M
Capital Expenditures-393.40M
Free Cash Flow153.70M

Cash Flow Quality Analysis

FCF Conversion Rate

34.6%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

71.9%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-66.4%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$205.70M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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Matson, Inc. Funding & Solvency Profile

MATX ยท NYSE
Cash & Cash Equivalents100.10M
Net Receivables0.00
Inventory0.00
Other Current Assets336.30M
Total Current Assets436 M
Property, Plant & Equipment2.51B
Goodwill & Intangible Assets471.30M
Long-Term Investments0.00
Other Non-Current Assets728.30M
Total Non-Current Assets3 B
Total Assets
4.15B

Financial Health Analysis

Current Ratio

0.82x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.47x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

-93500000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

11% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Conservative with tight liquidity: Low debt is positive, but current ratio warrants attention. Consider whether the company is efficiently deploying its equity capital.

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Matson, Inc. Street Expectations Map

MATX ยท NYSE

Wall Street analysts project that MATX stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 190.00, with estimates ranging from a low of 167.00 to a high of 213.00.

Lowest Target
167.00
-10.12%
Consensus Target
190.00
2.25%
Highest Target
213.00
14.63%

The consensus 1-year price target stands at 190.00, with estimates ranging from a low of 167.00 to a high of 213.00.

Analyst Consensus Analysis

Upside Potential

+2.3%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

24.2% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

1.45x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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Matson, Inc. Insider Positioning

MATX ยท NYSE

During the last 12 months, insiders have sold $12.46M worth of MATX shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

29.2K

5.09M

Net Activity

-5.1M

-$5.09M

3-6 Months

Bought

0

0.00

Sold

43.1K

7.15M

Net Activity

-7.1M

-$7.15M

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

2.0K

216.74K

Net Activity

-217K

-$217K

Top Buyers

No buying activity

Top Sellers

1
HPT

Heilmann Peter T

Officer: Evp, Chief Admin. Officer & Gc

20.2K sharesโ€ข2 transactions

$3.44M

2
LJP

Lauer John P

Officer: Evp & Chief Commercial Officer

8.6K sharesโ€ข1 transactions

$1.43M

3
SCA

Scott Christopher A

Officer: Senior Vice President

8.4K sharesโ€ข4 transactions

$1.37M

4
SJW

Sullivan John Warren

Officer: Senior Vice President

6.6K sharesโ€ข2 transactions

$1.08M

5
AVSJ

Angoco Vic S Jr

Officer: Executive Vice President

6.2K sharesโ€ข1 transactions

$1.02M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $12.46M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$5.09M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.22%
Dividend Yield
-25%
3Y-58.0%
5Y-37.0%
10Y-61.0%
ย 

matx Dividend History

MATX
10Y CAGR +7%
Latest $0.36
Annual $1.78
5 year growth trend
Last Period: +0%