Intrinsic value of Matson - MATX

Previous Close

$36.09

  Intrinsic Value

$26.36

stock screener

  Rating & Target

sell

-27%

Previous close

$36.09

 
Intrinsic value

$26.36

 
Up/down potential

-27%

 
Rating

sell

We calculate the intrinsic value of MATX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.70
  8.33
  8.00
  7.70
  7.43
  7.18
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.04
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
  5.50
  5.45
  5.40
  5.36
  5.33
  5.30
  5.27
  5.24
  5.22
  5.19
  5.17
Revenue, $m
  2,225
  2,410
  2,603
  2,803
  3,012
  3,228
  3,453
  3,687
  3,930
  4,183
  4,446
  4,720
  5,005
  5,302
  5,612
  5,935
  6,273
  6,625
  6,993
  7,378
  7,780
  8,201
  8,641
  9,101
  9,583
  10,087
  10,616
  11,169
  11,750
  12,358
Variable operating expenses, $m
  2,062
  2,229
  2,403
  2,584
  2,772
  2,967
  3,170
  3,381
  3,600
  3,828
  4,011
  4,258
  4,515
  4,784
  5,063
  5,355
  5,659
  5,977
  6,309
  6,656
  7,019
  7,398
  7,795
  8,211
  8,645
  9,101
  9,577
  10,077
  10,600
  11,149
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,062
  2,229
  2,403
  2,584
  2,772
  2,967
  3,170
  3,381
  3,600
  3,828
  4,011
  4,258
  4,515
  4,784
  5,063
  5,355
  5,659
  5,977
  6,309
  6,656
  7,019
  7,398
  7,795
  8,211
  8,645
  9,101
  9,577
  10,077
  10,600
  11,149
Operating income, $m
  163
  181
  200
  219
  240
  261
  283
  306
  330
  354
  435
  462
  490
  519
  549
  581
  614
  648
  684
  722
  761
  802
  845
  890
  937
  987
  1,038
  1,093
  1,149
  1,209
EBITDA, $m
  309
  335
  361
  389
  418
  448
  479
  512
  546
  581
  617
  655
  695
  736
  779
  824
  871
  920
  971
  1,024
  1,080
  1,138
  1,199
  1,263
  1,330
  1,400
  1,474
  1,551
  1,631
  1,716
Interest expense (income), $m
  0
  46
  54
  61
  69
  78
  86
  95
  104
  114
  124
  135
  145
  157
  169
  181
  194
  207
  221
  236
  251
  267
  283
  301
  319
  338
  358
  379
  401
  424
  448
Earnings before tax, $m
  116
  127
  138
  150
  162
  175
  188
  201
  215
  230
  300
  316
  333
  350
  368
  387
  406
  427
  448
  471
  494
  519
  544
  571
  599
  629
  660
  692
  726
  761
Tax expense, $m
  31
  34
  37
  41
  44
  47
  51
  54
  58
  62
  81
  85
  90
  95
  99
  104
  110
  115
  121
  127
  133
  140
  147
  154
  162
  170
  178
  187
  196
  205
Net income, $m
  85
  93
  101
  110
  118
  128
  137
  147
  157
  168
  219
  231
  243
  256
  269
  282
  297
  312
  327
  344
  361
  379
  397
  417
  437
  459
  481
  505
  530
  556

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,442
  2,646
  2,857
  3,077
  3,306
  3,543
  3,790
  4,047
  4,314
  4,591
  4,880
  5,181
  5,494
  5,820
  6,160
  6,515
  6,886
  7,273
  7,677
  8,099
  8,540
  9,002
  9,485
  9,990
  10,519
  11,073
  11,653
  12,261
  12,897
  13,565
Adjusted assets (=assets-cash), $m
  2,442
  2,646
  2,857
  3,077
  3,306
  3,543
  3,790
  4,047
  4,314
  4,591
  4,880
  5,181
  5,494
  5,820
  6,160
  6,515
  6,886
  7,273
  7,677
  8,099
  8,540
  9,002
  9,485
  9,990
  10,519
  11,073
  11,653
  12,261
  12,897
  13,565
Revenue / Adjusted assets
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
  0.911
Average production assets, $m
  1,451
  1,572
  1,697
  1,828
  1,964
  2,105
  2,251
  2,404
  2,562
  2,727
  2,899
  3,077
  3,263
  3,457
  3,659
  3,870
  4,090
  4,320
  4,560
  4,810
  5,073
  5,347
  5,634
  5,934
  6,248
  6,577
  6,922
  7,282
  7,661
  8,057
Working capital, $m
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -20
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -46
  -48
  -50
  -53
  -56
  -59
  -62
Total debt, $m
  993
  1,135
  1,282
  1,436
  1,595
  1,761
  1,933
  2,113
  2,299
  2,492
  2,694
  2,904
  3,122
  3,350
  3,588
  3,836
  4,094
  4,364
  4,646
  4,941
  5,249
  5,571
  5,908
  6,261
  6,630
  7,017
  7,422
  7,846
  8,290
  8,756
Total liabilities, $m
  1,705
  1,847
  1,994
  2,148
  2,308
  2,473
  2,646
  2,825
  3,011
  3,205
  3,406
  3,616
  3,835
  4,062
  4,300
  4,548
  4,806
  5,076
  5,358
  5,653
  5,961
  6,283
  6,620
  6,973
  7,342
  7,729
  8,134
  8,558
  9,002
  9,468
Total equity, $m
  738
  799
  863
  929
  998
  1,070
  1,145
  1,222
  1,303
  1,387
  1,474
  1,565
  1,659
  1,758
  1,860
  1,968
  2,080
  2,196
  2,318
  2,446
  2,579
  2,719
  2,864
  3,017
  3,177
  3,344
  3,519
  3,703
  3,895
  4,097
Total liabilities and equity, $m
  2,443
  2,646
  2,857
  3,077
  3,306
  3,543
  3,791
  4,047
  4,314
  4,592
  4,880
  5,181
  5,494
  5,820
  6,160
  6,516
  6,886
  7,272
  7,676
  8,099
  8,540
  9,002
  9,484
  9,990
  10,519
  11,073
  11,653
  12,261
  12,897
  13,565
Debt-to-equity ratio
  1.350
  1.420
  1.490
  1.540
  1.600
  1.650
  1.690
  1.730
  1.760
  1.800
  1.830
  1.860
  1.880
  1.910
  1.930
  1.950
  1.970
  1.990
  2.000
  2.020
  2.040
  2.050
  2.060
  2.080
  2.090
  2.100
  2.110
  2.120
  2.130
  2.140
Adjusted equity ratio
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302
  0.302

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  85
  93
  101
  110
  118
  128
  137
  147
  157
  168
  219
  231
  243
  256
  269
  282
  297
  312
  327
  344
  361
  379
  397
  417
  437
  459
  481
  505
  530
  556
Depreciation, amort., depletion, $m
  146
  154
  162
  170
  178
  187
  196
  206
  216
  226
  182
  194
  205
  217
  230
  243
  257
  272
  287
  303
  319
  336
  354
  373
  393
  414
  435
  458
  482
  507
Funds from operations, $m
  231
  247
  263
  279
  297
  315
  334
  353
  373
  394
  401
  424
  448
  473
  499
  526
  554
  583
  614
  646
  680
  715
  752
  790
  830
  873
  917
  963
  1,012
  1,062
Change in working capital, $m
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -1
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -2
  -3
  -3
  -3
  -3
  -3
Cash from operations, $m
  232
  248
  264
  280
  298
  316
  335
  354
  375
  396
  403
  426
  450
  474
  500
  527
  556
  585
  616
  648
  682
  717
  754
  792
  833
  875
  919
  966
  1,014
  1,065
Maintenance CAPEX, $m
  -84
  -91
  -99
  -107
  -115
  -123
  -132
  -142
  -151
  -161
  -172
  -182
  -194
  -205
  -217
  -230
  -243
  -257
  -272
  -287
  -303
  -319
  -336
  -354
  -373
  -393
  -414
  -435
  -458
  -482
New CAPEX, $m
  -116
  -121
  -126
  -131
  -136
  -141
  -147
  -152
  -158
  -165
  -172
  -179
  -186
  -194
  -202
  -211
  -220
  -230
  -240
  -251
  -262
  -274
  -287
  -300
  -314
  -329
  -345
  -361
  -378
  -396
Cash from investing activities, $m
  -200
  -212
  -225
  -238
  -251
  -264
  -279
  -294
  -309
  -326
  -344
  -361
  -380
  -399
  -419
  -441
  -463
  -487
  -512
  -538
  -565
  -593
  -623
  -654
  -687
  -722
  -759
  -796
  -836
  -878
Free cash flow, $m
  32
  35
  39
  43
  47
  51
  56
  60
  65
  70
  60
  65
  70
  75
  81
  86
  92
  98
  104
  111
  117
  124
  131
  138
  145
  153
  161
  170
  178
  187
Issuance/(repayment) of debt, $m
  135
  142
  148
  154
  160
  166
  172
  179
  186
  194
  202
  210
  219
  228
  238
  248
  259
  270
  282
  295
  308
  322
  337
  353
  369
  387
  405
  424
  444
  466
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  135
  142
  148
  154
  160
  166
  172
  179
  186
  194
  202
  210
  219
  228
  238
  248
  259
  270
  282
  295
  308
  322
  337
  353
  369
  387
  405
  424
  444
  466
Total cash flow (excl. dividends), $m
  168
  177
  187
  197
  207
  217
  228
  239
  251
  263
  261
  275
  289
  303
  318
  334
  351
  368
  386
  405
  425
  446
  468
  491
  515
  540
  566
  594
  623
  653
Retained Cash Flow (-), $m
  -59
  -61
  -64
  -66
  -69
  -72
  -75
  -77
  -81
  -84
  -87
  -91
  -95
  -99
  -103
  -107
  -112
  -117
  -122
  -128
  -133
  -139
  -146
  -153
  -160
  -167
  -175
  -184
  -192
  -202
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  108
  116
  123
  130
  138
  145
  153
  162
  171
  180
  174
  184
  194
  205
  216
  227
  239
  251
  264
  278
  292
  307
  322
  338
  355
  373
  391
  410
  430
  451
Discount rate, %
  7.50
  7.88
  8.27
  8.68
  9.12
  9.57
  10.05
  10.55
  11.08
  11.63
  12.22
  12.83
  13.47
  14.14
  14.85
  15.59
  16.37
  17.19
  18.05
  18.95
  19.90
  20.89
  21.94
  23.04
  24.19
  25.40
  26.67
  28.00
  29.40
  30.87
PV of cash for distribution, $m
  101
  100
  97
  93
  89
  84
  78
  73
  66
  60
  49
  43
  38
  32
  27
  22
  18
  14
  11
  9
  6
  5
  3
  2
  2
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Matson, Inc., through its subsidiaries, operates as an ocean cargo carrier. The company operates in two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean transportation services to the domestic economies of Hawaii, Alaska, and Guam, as well as to other island economies in Micronesia and in the South Pacific. This segment also operates an expedited service from China to Long Beach, California; and provides container and conventional freight services between New Zealand and other South Pacific Islands including Fiji, Samoa, American Samoa, Tonga, the Cook Islands, Niue, Vanuatu, Nauru, and the Solomon Islands. It primarily transports mixed commodities, refrigerated commodities, packaged foods, household goods, automobiles, and seafood; general sustenance cargo; and garments, footwear, and other retail merchandise. This segment also offers container stevedoring, container equipment maintenance, and other terminal services on the islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska locations of Anchorage, Kodiak, Dutch Harbor, and Akutan. It operates a fleet of 23 owned and 3 chartered vessels, including 17 containerships; 2 combination container/roll-on/roll-off ships; 1 roll-on/roll-off barge; and 3 container barges equipped with cranes. The Logistics segment provides multimodal transportation services, including domestic and international rail intermodal service; long-haul and regional highway brokerage, specialized hauling, flat-bed and project work, less-than-truckload, and expedited freight; and supply chain management, and warehousing and distribution services. This segment also offers freight forwarding, consolidation, customs brokerage, purchase order management, and non-vessel operating common carrier services. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012. Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.

FINANCIAL RATIOS  of  Matson (MATX)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

MATX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MATX stock intrinsic value calculation we used $2046.9 million for the last fiscal year's total revenue generated by Matson. The default revenue input number comes from 0001 income statement of Matson. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MATX stock valuation model: a) initial revenue growth rate of 8.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.5%, whose default value for MATX is calculated based on our internal credit rating of Matson, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Matson.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MATX stock the variable cost ratio is equal to 92.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MATX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Matson.

Corporate tax rate of 27% is the nominal tax rate for Matson. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MATX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MATX are equal to 65.2%.

Life of production assets of 15.9 years is the average useful life of capital assets used in Matson operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MATX is equal to -0.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $678.2 million for Matson - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 42.697 million for Matson is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Matson at the current share price and the inputted number of shares is $1.5 billion.

RELATED COMPANIES Price Int.Val. Rating

COMPANY NEWS

▶ Is Matson (MATX) Stock Undervalued Right Now?   [Oct-19-18 09:10AM  Zacks]
▶ Damage to Honolulu Harbor could cause statewide cargo disruption for Hawaii   [Aug-23-18 09:01PM  American City Business Journals]
▶ Hawaii shipping companies in limbo amid warnings of port closures   [Aug-22-18 08:11PM  American City Business Journals]
▶ Electrifying Hawaii's transportation sector includes more than electric vehicles   [Aug-09-18 10:23PM  American City Business Journals]
▶ Matson Logistics Rated #1 Intermodal Marketing Company   [Aug-08-18 05:00AM  PR Newswire]
▶ Matson reports $32M profit for Q2 2018   [Jul-31-18 09:01PM  American City Business Journals]
▶ Matson: 2Q Earnings Snapshot   [05:12PM  Associated Press]
▶ Matson, Inc. to Host Earnings Call   [02:30PM  ACCESSWIRE]
▶ Matson christens newest containership, largest ever built in the U.S.   [Jul-03-18 01:13PM  American City Business Journals]
▶ May Undervalued Transport Stocks To Look Out For   [May-23-18 09:02AM  Simply Wall St.]
▶ Matson profits soar 102% in Q1 2018   [08:46PM  American City Business Journals]
▶ Matson: 1Q Earnings Snapshot   [05:09PM  Associated Press]
▶ Matson Community Giving Tops $3.7 Million in 2017   [Apr-19-18 08:15PM  PR Newswire]
▶ Matson Launches New Tahiti Service   [Apr-18-18 10:36PM  PR Newswire]
▶ Matson's second Kanaloa Class containership begins construction in San Diego   [Apr-03-18 01:39PM  American City Business Journals]
▶ March Top Undervalued Transport Companies   [Mar-23-18 09:02AM  Simply Wall St.]
▶ Tax reform boosts Honolulu-based Matson's net income in Q4   [Feb-20-18 05:35PM  American City Business Journals]
▶ Matson misses 4Q profit forecasts   [05:25PM  Associated Press]
▶ Matson, Inc. to Host Earnings Call   [12:30PM  ACCESSWIRE]
▶ Matson Q4 Earnings Preview   [11:01AM  Benzinga]
▶ First Pacific Advisors' Top 5 Buys of the 4th Quarter   [Feb-12-18 05:53PM  GuruFocus.com]
▶ Matson Announces Quarterly Dividend Of $0.20 Per Share   [Jan-25-18 04:40PM  PR Newswire]
▶ Matson increases Neighbor Island barge capacity   [Jan-02-18 09:04PM  American City Business Journals]

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