Rayonier Inc. (RYN) vs Weyerhaeuser Company (WY)

Rayonier Inc. and Weyerhaeuser Company are both Reit Specialty companies. Weyerhaeuser Company is the larger, with a market value of $14.6B against $5.7B — 2.5× the size. Weyerhaeuser Company trades at the lower P/E: 30.3× against 41.0×. Rayonier Inc. grew revenue faster over the last twelve months: 0.44% against −2.62%. Rayonier Inc. has the higher net margin (7.83% vs 6.89%) and the lower return on invested capital (0.54% vs 3.67%). Both pay a dividend; Rayonier Inc. yields more (3.45% vs 2.65%). Across the 22 metrics below, Weyerhaeuser Company leads on 12 and Rayonier Inc. on 10.

Valuation

Metric RYN WY Reit Specialty median
P/E 41.04 30.35 26.27
P/S 5.86 2.11 5.86
P/B 1.09 1.53 2.19
Price to free cash flow n/m n/m 14.62
EV/EBITDA 39.71 14.29 16.22
EV/Sales 7.56 2.82 8.93
Earnings yield 2.44% 3.30% 3.43%
Free cash flow yield (8.25%) (0.98%) 5.37%

Profitability

Metric RYN WY Reit Specialty median
Gross margin 23.73% 14.51% 67.43%
Operating margin 5.96% 12.32% 21.38%
Net margin 7.83% 6.89% 16.14%
Free cash flow margin (48.37%) (2.06%) 31.07%
Return on equity 2.02% 4.97% 4.76%
Return on assets 1.38% 2.86% 3.29%
Return on invested capital 0.54% 3.67% 4.19%

Growth

Metric RYN WY Reit Specialty median
Revenue growth (TTM) 0.44% (2.62%) 5.36%
EPS growth (last fiscal year) 26.78% (16.67%) —
Revenue growth, 5-year CAGR (10.83%) (1.72%) 6.70%
Net income growth, 5-year CAGR 66.49% (16.47%) 0.00%

Health

Metric RYN WY Reit Specialty median
Debt to equity 0.36 0.57 0.62
Current ratio 3.56 1.82 0.70
Net debt to EBITDA 1.07 4.12 4.47

Dividend

Metric RYN WY Reit Specialty median
Dividend yield 3.45% 2.65% 3.88%
Payout ratio 2.11 0.77 1.14

Size

Metric RYN WY Reit Specialty median
Market cap 5.74b 14.62b 8.48b

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