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Maui Land & Pineapple Company, Inc. (MLP) 10-Year Financial Performance & Capital Metrics

MLP • • REIT / Real Estate
Real EstateReal Estate ServicesReal Estate Investment & DevelopmentSpecialized Property Developers
AboutMaui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sale of its landholdings on Maui. This segment also provides licensed general brokerage services for properties in the Kapalua Resort and surrounding areas. The Leasing segment leases commercial, agricultural, and industrial land and properties; and licenses its registered trademarks and trade names, as well as provides stewardship and conservation services. This segment also operates ditches, reservoirs, and well systems that provide potable and non-potable water to West and Upcountry Maui areas. The Resort Amenities segment manages the operations of the Kapalua Club, a private non-equity club program that provides its members special programs, access, and other privileges at certain amenities at the Kapalua Resort. The company owns approximately 23,000 acres of land on the island of Maui, Hawaii. Maui Land & Pineapple Company, Inc. was founded in 1909 and is based in Lahaina, Hawaii.Show more
  • Revenue $12M +24.5%
  • FFO -$7M -190.5%
  • FFO/Share -0.34 -192.0%
  • FFO Payout 0%
  • FFO per Share -0.34 -192.0%
  • NOI Margin 34.4% +16.5%
  • FFO Margin -57.66% -133.4%
  • ROE -21.78% -142.1%
  • ROA -16% -119.9%
  • Debt/Assets 6.49%
  • Net Debt/EBITDA -
  • Book Value/Share 1.69 -3.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗FFO declining 141.4% TTM
  • ✗Low NOI margin of 34.4%
  • ✗Expensive at 10.1x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-9.96%
5Y2.86%
3Y-2.41%
TTM73.49%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-131.16%

EPS CAGR

10Y-
5Y-
3Y-
TTM-134.31%

ROCE

10Y Avg16.75%
5Y Avg-1.65%
3Y Avg-1.91%
Latest-18.69%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
LGPSLogProstyle Inc.22.09M0.940.0346.23%3.79%11%100%4.94
UKUcommune International Ltd4.8M0.72-0.01-62.02%-18.88%-147.89%0.73
SEGSeaport Entertainment Group Inc.261.2M20.51-1.22-3.93%-98.17%-24.51%0.26
MLPMaui Land & Pineapple Company, Inc.336.6M17.05-44.8724.5%-61.64%-33.53%0.10
HBNBHotel101 Global Holdings Corp. Class A Ordinary Shares2.27B9.714163%-108.7%-245.56%0.78

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+22.79M47.36M24.38M11.04M10.04M7.54M12.44M20.96M9.29M11.56M
Revenue Growth %-0.31%1.08%-0.49%-0.55%-0.09%-0.25%0.65%0.68%-0.56%0.25%
Property Operating Expenses7.91M13.2M7.03M6.92M5.44M4.93M5.6M6.17M6.55M7.59M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+5.55M10.69M6.46M6.44M5.4M5.17M5.21M5.18M7.71M11.33M
G&A Expenses3.43M8.71M4.71M4.95M5M4.55M8.75M4.07M7.28M10.61M
EBITDA+11.64M49.02M23.9M8.5M700K-1.15M2.94M10.72M-4.19M-6.63M
EBITDA Margin %----------
Depreciation & Amortization+2.31M25.55M12.81M13M1.5M1.4M1.3M1.12M785K723K
D&A / Revenue %----------
Operating Income+9.33M23.47M11.09M-4.5M-796K-2.55M1.64M9.61M-4.97M-7.35M
Operating Margin %----------
Interest Expense+2.52M1.66M190K156K198K134K122K6K789K796K
Interest Coverage3.70x14.17x58.37x-28.82x-4.02x-19.04x13.42x1601.17x-6.30x-9.24x
Non-Operating Income000514K1.02M675K4.73M6.78M-2.68M-759K
Pretax Income+6.81M21.81M10.9M-4.65M-2.01M-2.27M-3.2M1.79M-3.08M-7.39M
Pretax Margin %----------
Income Tax+000-5M5M00000
Effective Tax Rate %----------
Net Income+6.81M21.81M10.9M347K-10.37M-2.6M-3.42M1.79M-3.08M-7.39M
Net Margin %----------
Net Income Growth %-0.61%2.2%-0.5%-0.97%-30.87%0.75%-0.31%1.52%-2.72%-1.4%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-0.55%4.19%-0.5%-0.44%-1.66%0.86%-0.76%2.37%-1.79%-1.91%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+0.361.150.570.02-0.37-0.12-0.170.09-0.16-0.38
EPS Growth %-0.62%2.19%-0.5%-0.97%-21.33%0.68%-0.42%1.53%-2.78%-1.38%
EPS (Basic)0.361.150.570.02-0.37-0.12-0.170.09-0.16-0.38
Diluted Shares Outstanding18.84M18.95M19.02M19.09M19.2M19.28M19.4M19.4M19.7M19.6M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+46.6M38.88M44.8M48.1M39.12M38.47M37.92M42.41M42.22M50.14M
Asset Growth %-0.05%-0.17%0.15%0.07%-0.19%-0.02%-0.01%0.12%-0%0.19%
Real Estate & Other Assets+11M-28.5M-33.02M-33.58M9.85M10.21M10.74M10.76M14.09M16.64M
PP&E (Net)32.52M25.74M30.68M29.22M19.72M18.51M17M15.88M16.06M17.4M
Investment Securities0000000551K1000K968K
Total Current Assets+3.08M2.75M2.34M4.27M9.55M9.75M10.18M15.22M10M15.13M
Cash & Equivalents1.09M602K1.03M624K683K869K5.6M8.5M5.7M6.83M
Receivables1000K1000K940K989K1000K1000K1000K892K1000K1000K
Other Current Assets262K459K212K10.41M7.6M7.44M3.14M3.4M467K589K
Intangible Assets0000000000
Total Liabilities57.54M21.14M13.66M17.18M16.43M18.4M14.33M8.63M7.52M16.96M
Total Debt+40.56M6.86M1.24M1.24M1.03M200K0003.25M
Net Debt39.48M6.25M206K611K352K-669K-5.6M-8.5M-5.7M-3.58M
Long-Term Debt06.86M1.24M01.03M0000168K
Short-Term Borrowings1000K001000K0200K0001000K
Capital Lease Obligations0000000000
Total Current Liabilities+43.86M2.4M1.85M4.7M2.95M2.95M2.4M2.31M2.48M11.2M
Accounts Payable675K569K696K2.02M1.36M899K580K589K1.15M2.32M
Deferred Revenue811K409K215K979K0260K217K227K217K4.01M
Other Liabilities12.87M11.48M10.36M12.48M12.44M13.69M10.3M4.83M3.67M4.36M
Total Equity+-10.94M24M31.35M31.53M22.69M20.07M23.59M33.77M34.7M33.18M
Equity Growth %0.28%3.19%0.31%0.01%-0.28%-0.12%0.18%0.43%0.03%-0.04%
Shareholders Equity-10.94M17.74M31.14M30.92M22.69M20.07M23.59M33.77M34.7M33.18M
Minority Interest06.25M206K611K000000
Common Stock77.63M78.12M78.58M79.41M80.61M81.48M82.38M83.39M84.68M85.88M
Additional Paid-in Capital9.25M9.25M9.25M9.25M9.18M9.18M9.18M9.18M10.54M15.2M
Retained Earnings-69.15M-47.33M-36.43M-35.93M-46.3M-48.9M-52.32M-50.54M-53.62M-61.01M
Preferred Stock0000000000
Return on Assets (ROA)0.14%0.51%0.26%0.01%-0.24%-0.07%-0.09%0.04%-0.07%-0.16%
Return on Equity (ROE)-3.34%0.39%0.01%-0.38%-0.12%-0.16%0.06%-0.09%-0.22%
Debt / Assets0.87%0.18%0.03%0.03%0.03%0.01%---0.06%
Debt / Equity-0.29x0.04x0.04x0.05x0.01x---0.10x
Net Debt / EBITDA3.39x0.13x0.01x0.07x0.50x--1.90x-0.79x--
Book Value per Share-0.581.271.651.651.181.041.221.741.761.69

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+10.62M33.88M8.35M882K1.77M2.2M1.39M6.26M-1.37M370K
Operating CF Growth %4.88%2.19%-0.75%-0.89%1.01%0.24%-0.37%3.52%-1.22%1.27%
Operating CF / Revenue %----------
Net Income6.81M21.81M10.9M498K-7.01M-2.6M-3.42M1.79M-3.08M-7.39M
Depreciation & Amortization2.31M2.99M1.94M1.84M1.5M1.4M1.3M1.12M785K723K
Stock-Based Compensation187K315K448K563K0676K705K855K2.6M5.56M
Other Non-Cash Items187K315K-6.69M2.34M1.05M395K461K195K-1.47M244K
Working Capital Changes-11K8.75M1.76M-2.02M6.24M2.33M2.34M2.31M-206K1.23M
Cash from Investing+43K-331K-1.52M-706K-990K-517K4.1M-3.02M-864K-2.1M
Acquisitions (Net)52K000000-3.08M-3.11M-3.19M
Purchase of Investments0000000000
Sale of Investments000000097K1000K1000K
Other Investing43K-63K-1.52M-395K0-436K4.13M-33K-94K-661K
Cash from Financing+-9.99M-34.03M-6.4M-581K-723K-1.5M-760K-335K-574K2.87M
Dividends Paid0000000000
Common Dividends0000000000
Debt Issuance (Net)-1000K-1000K-1000K0-200K-835K-200K001000K
Share Repurchases0000000000
Other Financing-381K-323K-780K-581K-653K-662K-560K-335K-574K0
Net Change in Cash+672K-485K427K-405K59K186K4.73M2.91M-2.81M1.14M
Exchange Rate Effect0000000000
Cash at Beginning415K1.09M602K1.03M624K683K869K5.6M8.51M5.7M
Cash at End1.09M602K1.03M624K683K869K5.6M8.51M5.7M6.83M
Free Cash Flow+10.61M33.61M6.83M571K1.06M2.12M1.36M6.26M-1.99M-1.5M
FCF Growth %4.84%2.17%-0.8%-0.92%0.86%1%-0.36%3.61%-1.32%0.25%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share0.482.51.250.7-0.46-0.06-0.110.15-0.12-0.34
FFO Payout Ratio0%0%0%0%0%0%0%0%0%0%
NOI Margin65.29%72.12%71.16%37.34%45.81%34.67%54.99%70.56%29.52%34.4%
Net Debt / EBITDA3.39x0.13x0.01x0.07x0.50x--1.90x-0.79x--
Debt / Assets87.05%17.64%2.76%2.57%2.65%0.52%---6.49%
Interest Coverage3.70x14.17x58.37x-28.82x-4.02x-19.04x13.42x1601.17x-6.30x-9.24x
Book Value / Share-0.581.271.651.651.181.041.221.741.761.69
Revenue Growth-30.97%107.86%-48.53%-54.72%-8.99%-24.94%65.03%68.45%-55.68%24.5%

Revenue by Segment

2012201320152018201920202021202220232024
Resort Amenities and Other---1.15M--940K847K-1.42M
Resort Amenities and Other Growth--------9.89%--
License--------100K-
License Growth----------
Real Estate---446K--3.4M11.6M--
Real Estate Growth-------241.18%--
Leasing5.81M4.86M5.55M-8.15M5.95M----
Leasing Growth--16.26%14.07%---27.00%----
Resort Amenities4.23M1.22M1.26M--820K----
Resort Amenities Growth--71.22%3.78%-------
Real Estate2.54M5.43M12.5M-915K772K----
Real Estate Growth-113.52%130.05%---15.63%----
Corporate and Other--141K-10.04M-----
Corporate and Other Growth----------
Utilities3.54M3.69M3.33M-982K-----
Utilities Growth-4.09%-9.52%-------
Public Utilities---3.22M------
Public Utilities Growth----------
Corporate, Non-Segment-13K--------
Corporate, Non-Segment Growth----------
Unallocated Amount to44K---------
Unallocated Amount to Growth----------

Frequently Asked Questions

Growth & Financials

Maui Land & Pineapple Company, Inc. (MLP) reported $18.3M in revenue for fiscal year 2024. This represents a 26% increase from $14.5M in 2011.

Maui Land & Pineapple Company, Inc. (MLP) grew revenue by 24.5% over the past year. This is strong growth.

Maui Land & Pineapple Company, Inc. (MLP) reported a net loss of $11.3M for fiscal year 2024.

Dividend & Returns

Maui Land & Pineapple Company, Inc. (MLP) has a return on equity (ROE) of -21.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Maui Land & Pineapple Company, Inc. (MLP) generated Funds From Operations (FFO) of $-10.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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