WallStSmart

Alexander & Baldwin Holdings Inc (ALEX)vsRealty Income Corporation (O)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Realty Income Corporation generates 2581% more annual revenue ($5.76B vs $214.96M). ALEX leads profitability with a 30.1% profit margin vs 18.4%. ALEX appears more attractively valued with a PEG of 4.48. O earns a higher WallStSmart Score of 64/100 (C+).

ALEX

Buy

51

out of 100

Grade: C-

Growth: 2.0Profit: 7.0Value: 4.7Quality: 5.0
Piotroski: 4/9

O

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 6.5Value: 2.0Quality: 4.3
Piotroski: 3/9Altman Z: 0.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ALEXSignificantly Overvalued (-243.8%)

Margin of Safety

-243.8%

Fair Value

$6.05

Current Price

$20.84

$14.79 premium

UndervaluedFair: $6.05Overvalued
OSignificantly Overvalued (-17.8%)

Margin of Safety

-17.8%

Fair Value

$54.76

Current Price

$60.06

$5.30 premium

UndervaluedFair: $54.76Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALEX3 strengths · Avg: 9.3/10
Profit MarginProfitability
30.1%10/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
30.9%10/10

Strong operational efficiency at 30.9%

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

O5 strengths · Avg: 9.0/10
Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
47.0%10/10

Strong operational efficiency at 47.0%

Market CapQuality
$56.58B9/10

Large-cap with strong market position

EPS GrowthGrowth
41.2%8/10

Earnings expanding 41.2% YoY

Free Cash FlowQuality
$1.15B8/10

Generating 1.2B in free cash flow

Areas to Watch

ALEX4 concerns · Avg: 2.5/10
Market CapQuality
$1.52B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

PEG RatioValuation
4.482/10

Expensive relative to growth rate

Revenue GrowthGrowth
-17.6%2/10

Revenue declined 17.6%

O4 concerns · Avg: 2.5/10
Return on EquityProfitability
2.7%3/10

ROE of 2.7% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.752/10

Expensive relative to growth rate

P/E RatioValuation
51.7x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : ALEX

The strongest argument for ALEX centers on Profit Margin, Operating Margin, Price/Book. Profitability is solid with margins at 30.1% and operating margin at 30.9%.

Bull Case : O

The strongest argument for O centers on Price/Book, Operating Margin, Market Cap. Profitability is solid with margins at 18.4% and operating margin at 47.0%. Revenue growth of 11.0% demonstrates continued momentum.

Bear Case : ALEX

The primary concerns for ALEX are Market Cap, Return on Equity, PEG Ratio.

Bear Case : O

The primary concerns for O are Return on Equity, Piotroski F-Score, PEG Ratio. A P/E of 51.7x leaves little room for execution misses.

Key Dynamics to Monitor

ALEX profiles as a declining stock while O is a mature play — different risk/reward profiles.

ALEX carries more volatility with a beta of 0.95 — expect wider price swings.

O is growing revenue faster at 11.0% — sustainability is the question.

O generates stronger free cash flow (1.2B), providing more financial flexibility.

Bottom Line

O scores higher overall (64/100 vs 51/100), backed by strong 18.4% margins and 11.0% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Alexander & Baldwin Holdings Inc

REAL ESTATE · REIT - RETAIL · USA

Alexander & Baldwin, Inc. (A&B) is Hawaii's leading commercial real estate company and the largest neighborhood grocery shopping center owner in the state.

Realty Income Corporation

REAL ESTATE · REIT - RETAIL · USA

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom that are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

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