Intrinsic value of Matson - MATX

Previous Close

$36.77

  Intrinsic Value

$24.14

stock screener

  Rating & Target

sell

-34%

Previous close

$36.77

 
Intrinsic value

$24.14

 
Up/down potential

-34%

 
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 2017), $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 1.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.15
  5.14
  5.13
  5.11
  5.10
  5.09
  5.08
  5.07
  5.07
  5.06
  5.05
  5.05
  5.04
  5.04
  5.04
  5.03
  5.03
  5.03
  5.02
  5.02
  5.02
Revenue, $m
  2,158
  2,273
  2,394
  2,521
  2,654
  2,793
  2,938
  3,091
  3,250
  3,418
  3,594
  3,778
  3,971
  4,174
  4,386
  4,609
  4,843
  5,088
  5,346
  5,616
  5,899
  6,197
  6,509
  6,837
  7,181
  7,542
  7,921
  8,319
  8,737
  9,175
Variable operating expenses, $m
  2,001
  2,106
  2,215
  2,329
  2,449
  2,574
  2,706
  2,843
  2,987
  3,139
  3,242
  3,408
  3,583
  3,765
  3,957
  4,158
  4,369
  4,591
  4,823
  5,067
  5,322
  5,591
  5,873
  6,168
  6,479
  6,804
  7,146
  7,505
  7,882
  8,278
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
  2,001
  2,106
  2,215
  2,329
  2,449
  2,574
  2,706
  2,843
  2,987
  3,139
  3,242
  3,408
  3,583
  3,765
  3,957
  4,158
  4,369
  4,591
  4,823
  5,067
  5,322
  5,591
  5,873
  6,168
  6,479
  6,804
  7,146
  7,505
  7,882
  8,278
Operating income, $m
  156
  167
  179
  192
  205
  218
  233
  247
  263
  279
  352
  370
  388
  408
  429
  451
  474
  498
  523
  549
  577
  606
  637
  669
  702
  738
  775
  814
  855
  898
EBITDA, $m
  381
  401
  423
  445
  469
  493
  519
  546
  574
  604
  635
  667
  701
  737
  775
  814
  855
  899
  944
  992
  1,042
  1,095
  1,150
  1,208
  1,268
  1,332
  1,399
  1,469
  1,543
  1,621
Interest expense (income), $m
  0
  46
  51
  56
  61
  66
  71
  77
  83
  89
  96
  103
  110
  118
  126
  134
  143
  152
  162
  172
  183
  194
  206
  218
  231
  244
  259
  274
  289
  306
  323
Earnings before tax, $m
  110
  117
  124
  131
  139
  147
  155
  164
  174
  183
  249
  259
  271
  282
  295
  308
  322
  336
  351
  367
  383
  401
  419
  438
  458
  479
  501
  525
  549
  575
Tax expense, $m
  30
  31
  33
  35
  37
  40
  42
  44
  47
  50
  67
  70
  73
  76
  80
  83
  87
  91
  95
  99
  103
  108
  113
  118
  124
  129
  135
  142
  148
  155
Net income, $m
  80
  85
  90
  96
  101
  107
  113
  120
  127
  134
  181
  189
  198
  206
  215
  225
  235
  245
  256
  268
  280
  292
  306
  320
  334
  350
  366
  383
  401
  419

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
  2,368
  2,495
  2,628
  2,767
  2,913
  3,065
  3,225
  3,393
  3,568
  3,752
  3,945
  4,147
  4,359
  4,581
  4,815
  5,059
  5,316
  5,585
  5,868
  6,165
  6,476
  6,802
  7,145
  7,505
  7,883
  8,279
  8,695
  9,132
  9,590
  10,072
Adjusted assets (=assets-cash), $m
  2,368
  2,495
  2,628
  2,767
  2,913
  3,065
  3,225
  3,393
  3,568
  3,752
  3,945
  4,147
  4,359
  4,581
  4,815
  5,059
  5,316
  5,585
  5,868
  6,165
  6,476
  6,802
  7,145
  7,505
  7,883
  8,279
  8,695
  9,132
  9,590
  10,072
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
  1,700
  1,791
  1,887
  1,986
  2,091
  2,200
  2,315
  2,435
  2,561
  2,693
  2,832
  2,977
  3,129
  3,289
  3,456
  3,632
  3,816
  4,010
  4,212
  4,425
  4,649
  4,883
  5,129
  5,388
  5,659
  5,943
  6,242
  6,556
  6,885
  7,230
Working capital, $m
  -186
  -195
  -206
  -217
  -228
  -240
  -253
  -266
  -280
  -294
  -309
  -325
  -342
  -359
  -377
  -396
  -416
  -438
  -460
  -483
  -507
  -533
  -560
  -588
  -618
  -649
  -681
  -715
  -751
  -789
Total debt, $m
  941
  1,029
  1,122
  1,219
  1,321
  1,427
  1,539
  1,656
  1,778
  1,906
  2,041
  2,182
  2,330
  2,485
  2,648
  2,819
  2,998
  3,186
  3,383
  3,590
  3,808
  4,036
  4,275
  4,526
  4,790
  5,066
  5,357
  5,662
  5,982
  6,318
Total liabilities, $m
  1,653
  1,742
  1,834
  1,931
  2,033
  2,140
  2,251
  2,368
  2,490
  2,619
  2,753
  2,895
  3,043
  3,198
  3,361
  3,531
  3,711
  3,899
  4,096
  4,303
  4,520
  4,748
  4,987
  5,238
  5,502
  5,779
  6,069
  6,374
  6,694
  7,030
Total equity, $m
  715
  754
  794
  836
  880
  926
  974
  1,025
  1,078
  1,133
  1,191
  1,252
  1,316
  1,384
  1,454
  1,528
  1,605
  1,687
  1,772
  1,862
  1,956
  2,054
  2,158
  2,267
  2,381
  2,500
  2,626
  2,758
  2,896
  3,042
Total liabilities and equity, $m
  2,368
  2,496
  2,628
  2,767
  2,913
  3,066
  3,225
  3,393
  3,568
  3,752
  3,944
  4,147
  4,359
  4,582
  4,815
  5,059
  5,316
  5,586
  5,868
  6,165
  6,476
  6,802
  7,145
  7,505
  7,883
  8,279
  8,695
  9,132
  9,590
  10,072
Debt-to-equity ratio
  1.320
  1.370
  1.410
  1.460
  1.500
  1.540
  1.580
  1.620
  1.650
  1.680
  1.710
  1.740
  1.770
  1.800
  1.820
  1.850
  1.870
  1.890
  1.910
  1.930
  1.950
  1.960
  1.980
  2.000
  2.010
  2.030
  2.040
  2.050
  2.070
  2.080
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
  80
  85
  90
  96
  101
  107
  113
  120
  127
  134
  181
  189
  198
  206
  215
  225
  235
  245
  256
  268
  280
  292
  306
  320
  334
  350
  366
  383
  401
  419
Depreciation, amort., depletion, $m
  225
  234
  244
  254
  264
  275
  286
  298
  311
  324
  283
  298
  313
  329
  346
  363
  382
  401
  421
  443
  465
  488
  513
  539
  566
  594
  624
  656
  688
  723
Funds from operations, $m
  305
  319
  334
  349
  365
  382
  400
  418
  438
  458
  465
  487
  510
  535
  561
  588
  616
  646
  677
  710
  745
  781
  819
  858
  900
  944
  990
  1,038
  1,089
  1,142
Change in working capital, $m
  -10
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -21
  -22
  -23
  -24
  -26
  -27
  -28
  -30
  -31
  -33
  -34
  -36
  -38
Cash from operations, $m
  315
  329
  344
  360
  377
  394
  412
  432
  452
  473
  480
  503
  527
  552
  579
  607
  636
  667
  700
  733
  769
  806
  846
  887
  930
  975
  1,023
  1,073
  1,125
  1,180
Maintenance CAPEX, $m
  -161
  -170
  -179
  -189
  -199
  -209
  -220
  -232
  -244
  -256
  -269
  -283
  -298
  -313
  -329
  -346
  -363
  -382
  -401
  -421
  -443
  -465
  -488
  -513
  -539
  -566
  -594
  -624
  -656
  -688
New CAPEX, $m
  -88
  -91
  -95
  -100
  -105
  -109
  -115
  -120
  -126
  -132
  -138
  -145
  -152
  -160
  -167
  -176
  -184
  -193
  -203
  -213
  -223
  -234
  -246
  -258
  -271
  -285
  -299
  -314
  -329
  -346
Cash from investing activities, $m
  -249
  -261
  -274
  -289
  -304
  -318
  -335
  -352
  -370
  -388
  -407
  -428
  -450
  -473
  -496
  -522
  -547
  -575
  -604
  -634
  -666
  -699
  -734
  -771
  -810
  -851
  -893
  -938
  -985
  -1,034
Free cash flow, $m
  65
  68
  70
  72
  74
  76
  78
  80
  82
  84
  72
  75
  77
  80
  83
  86
  89
  92
  96
  99
  103
  107
  111
  115
  120
  125
  130
  135
  140
  146
Issuance/(repayment) of debt, $m
  84
  89
  93
  97
  102
  106
  112
  117
  122
  128
  135
  141
  148
  155
  163
  171
  179
  188
  197
  207
  217
  228
  239
  251
  264
  277
  290
  305
  320
  336
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  
  84
  89
  93
  97
  102
  106
  112
  117
  122
  128
  135
  141
  148
  155
  163
  171
  179
  188
  197
  207
  217
  228
  239
  251
  264
  277
  290
  305
  320
  336
Total cash flow (excl. dividends), $m
  149
  157
  163
  169
  175
  182
  189
  197
  205
  213
  207
  216
  225
  235
  246
  257
  268
  280
  293
  306
  320
  335
  350
  367
  384
  401
  420
  440
  460
  482
Retained Cash Flow (-), $m
  -37
  -38
  -40
  -42
  -44
  -46
  -48
  -51
  -53
  -56
  -58
  -61
  -64
  -67
  -70
  -74
  -78
  -81
  -85
  -90
  -94
  -99
  -104
  -109
  -114
  -120
  -126
  -132
  -138
  -145
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
  10
  11
  11
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  29
  31
  33
  34
  36
  38
  40
  42
  44
Cash available for distribution, $m
  112
  118
  122
  127
  131
  136
  141
  146
  152
  157
  148
  155
  161
  168
  175
  183
  191
  199
  208
  217
  226
  236
  247
  258
  270
  282
  294
  308
  322
  337
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
  104
  102
  96
  91
  85
  79
  72
  65
  59
  52
  42
  36
  31
  26
  22
  18
  14
  11
  9
  7
  5
  4
  3
  2
  1
  1
  0
  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 $2047 million for the last fiscal year's total revenue generated by Matson. The default revenue input number comes from 2017 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 5.4% 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 0.5%.

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 78.8%.

Life of production assets of 10 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 -8.6%. 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 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 43 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 $1.6 billion.

RELATED COMPANIES Price Int.Val. Rating

COMPANY NEWS

▶ 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]
▶ Matson reports higher Q3 net income despite drop in Hawaii container volume   [Nov-03-17 01:05PM  American City Business Journals]
▶ Matson beats Street 3Q forecasts   [Nov-02-17 05:03PM  Associated Press]
▶ Matson, Inc. to Host Earnings Call   [11:40AM  ACCESSWIRE]
▶ Matson To Present At Stephens Fall Investment Conference   [Oct-31-17 04:05PM  PR Newswire]
▶ Matson Announces Quarterly Dividend Of $0.20 Per Share   [Oct-26-17 05:31PM  PR Newswire]
▶ Pasha Hawaii to move into new terminal at Honolulu Harbor   [03:59AM  American City Business Journals]
▶ Matson Launches New Okinawa Service   [Sep-05-17 04:01PM  PR Newswire]
▶ Matson sees record-setting one-day sell-off   [Aug-18-17 04:44PM  Investing.com]
▶ Why Nike, Deere, and Matson Slumped Today   [04:30PM  Motley Fool]
▶ ETFs with exposure to Matson, Inc. : August 17, 2017   [Aug-17-17 03:45PM  Capital Cube]
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