Added to YB: 2024-02-28
Pitch date: 2024-02-24
JOE [bullish]
The St. Joe Company
+32.29%
current return
Author Info
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Company Info
The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in the United States.
Market Cap
$4.1B
Pitch Price
$53.62
Price Target
N/A
Dividend
0.90%
EV/EBITDA
21.77
P/E
39.52
EV/Sales
9.35
Sector
Real Estate Management and Development
Category
growth
The St. Joe Company - $JOE
JOE: FL land developer since 1936. Owns 170K acres, mostly near Gulf Coast. New CEO in 2015 pivoted to recurring rev dev. Key drivers: 1) Strategic coastal land 2) Airport dev fueling regional growth 3) FL demographic tailwinds 4) Effective leadership: 28% annual rev growth 2016-2023. 40x P/E high but only 2% of land monetized so far. 29.5% buyback shows mgmt alignment.
Read full article (9 min)