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Last $41.09 USD
Change Today -0.48 / -1.15%
Volume 201.6K
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1411 Sand Island Parkway

Honolulu, HI 96819

United States

Phone: 808-848-1211

Fax:

Matson, Inc. and its subsidiaries provide ocean transportation and logistics services. Segments Ocean Transportation This segment’s business is conducted through Matson Navigation Company, Inc. (MatNav), a wholly-owned subsidiary of the company. MatNav is an asset-based business that provides a lifeline of ocean freight transportation services to the island economies of Hawaii, Guam, and Micronesia; and also operates a premium, expedited service from China to Long Beach, California. The company provides ocean services to various islands in the South Pacific, including New Zealand, Fiji, Samoa, American Samoa, Tonga, and the Cook Islands, and later expanded service to include Australia to the Solomon Islands, and Nauru. The company’s fleet consists of 18 owned and 3 chartered vessels, including containerships, combination container/roll-on/roll-off ships, and custom-designed barges. The company also provides container stevedoring, container equipment maintenance, and other terminal services for MatNav and other ocean carriers through Matson Terminals, Inc. (Matson Terminals), a wholly-owned subsidiary of MatNav, on the islands of Oahu, Hawaii, Maui and Kauai. The company has a 35 percent ownership interest in SSA Terminals, LLC (SSAT) through a joint venture between Matson Ventures, Inc., a wholly-owned subsidiary of MatNav; and SSA Ventures, Inc., a subsidiary of Carrix, Inc. SSAT provides terminal and stevedoring services to various carriers at six terminal facilities on the U.S. West Coast, including to MatNav at various of those facilities. The company’s Hawaii service provides ocean freight services (lift-on/lift-off, roll-on/roll-off and conventional services) between the ports of Long Beach, Oakland, Seattle, and the major ports in Hawaii on the islands of Oahu, Kauai, Maui and Hawaii. Matson is the major carrier of ocean cargo between the U.S. West Coast and Hawaii. Westbound cargo carried by Matson to Hawaii includes dry containers of mixed commodities, refrigerated commodities, packaged foods, building materials, automobiles and household goods. The company’s eastbound cargo from Hawaii includes automobiles, household goods, dry containers of mixed commodities, food and beverages, and livestock. The majority of Matson’s Hawaii service revenue is derived from the westbound carriage of containerized freight and automobiles. The company’s China service is part of an integrated Hawaii/Guam/China service. This service employs five of Matson’s containerships in a weekly service that carries cargo from Long Beach to Honolulu and then to Guam. The vessels continue to the ports of Xiamen, Ningbo and Shanghai in China, where they are loaded with cargo to be discharged in Long Beach. These vessels also carry cargo destined to and originating from the Guam and Micronesia services. The company’s Guam service provides weekly container and conventional freight services between the U.S. West Coast and Guam. Additionally, the company provides freight services from Guam to the Commonwealth of the Northern Mariana Islands. The company’s Micronesia service provides container and conventional freight services between the U.S. West Coast and the islands of Kwajalein, Ebeye and Majuro in the Republic of the Marshall Islands, the islands of Yap, Pohnpei, Chuuk and Kosrae in the Federated States of Micronesia, and the Republic of Palau. Cargo destined for these locations is transshipped through Guam. The company owns the primary assets of a South Pacific ocean freight carrier based in Auckland, New Zealand. Matson named this new business Matson South Pacific, which transports freight between New Zealand, Australia and other South Pacific Islands, including Nauru, Fiji, Samoa, American Samoa, Tonga, the Cook Islands, and the Solomon Islands. As a complement to its fleet, as of December 31, 2014, the company owned approximately 32,400 containers and 9,800 chassis. The company also leased approximately 8,100 containers and 7,200 chassis. The company operates four non-U.S. flag vessels (one owned; one under a bareboat charter arrangement; and the remaining two on time charter) in the Pacific Islands. The c

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Price/Earnings 19.6x
Price/Sales 1.0x
Price/Book 4.7x
Price/Cash Flow 19.5x
TEV/Sales 0.6x
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