Lamar Advertising Company (LAMR) vs Rayonier Inc. (RYN)

Lamar Advertising Company and Rayonier Inc. are both Reit Specialty companies. Lamar Advertising Company is the larger, with a market value of $14.6B against $5.7B — 2.5× the size. Lamar Advertising Company trades at the lower P/E: 26.3× against 41.0×. Lamar Advertising Company grew revenue faster over the last twelve months: 4.39% against 0.44%. Lamar Advertising Company has the higher net margin (23.9% vs 7.83%) and the higher return on invested capital (10.4% vs 0.54%). Both pay a dividend; Lamar Advertising Company yields more (4.73% vs 3.45%). Across the 22 metrics below, Lamar Advertising Company leads on 15 and Rayonier Inc. on 7.

Valuation

Metric LAMR RYN Reit Specialty median
P/E 26.27 41.04 26.27
P/S 6.28 5.86 5.86
P/B 14.68 1.09 2.19
Price to free cash flow 19.77 n/m 14.62
EV/EBITDA 16.69 39.71 16.22
EV/Sales 7.77 7.56 8.93
Earnings yield 3.81% 2.44% 3.43%
Free cash flow yield 5.06% (8.25%) 5.37%

Profitability

Metric LAMR RYN Reit Specialty median
Gross margin 67.43% 23.73% 67.43%
Operating margin 31.78% 5.96% 21.38%
Net margin 23.89% 7.83% 16.14%
Free cash flow margin 31.77% (48.37%) 31.07%
Return on equity 58.42% 2.02% 4.76%
Return on assets 8.13% 1.38% 3.29%
Return on invested capital 10.37% 0.54% 4.19%

Growth

Metric LAMR RYN Reit Specialty median
Revenue growth (TTM) 4.39% 0.44% 5.36%
EPS growth (last fiscal year) 63.92% 26.78% —
Revenue growth, 5-year CAGR 7.63% (10.83%) 6.70%
Net income growth, 5-year CAGR 19.28% 66.49% 0.00%

Health

Metric LAMR RYN Reit Specialty median
Debt to equity 3.54 0.36 0.62
Current ratio 0.63 3.56 0.70
Net debt to EBITDA 3.04 1.07 4.47

Dividend

Metric LAMR RYN Reit Specialty median
Dividend yield 4.73% 3.45% 3.88%
Payout ratio 1.20 2.11 1.14

Size

Metric LAMR RYN Reit Specialty median
Market cap 14.59b 5.74b 8.48b

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