Maui Land & Pineapple Company Inc. Common Stock (MLP)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mr. Market is asking $14.77 at the close on 2026-10-13 for a small land company whose latest numbers are weak. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $3.7 million, net income was -$1.6 million, and diluted EPS was -$0.08. That is worse than fiscal Q2 2025, when revenue was $4.6 million, net income was -$999,000, and EPS was -$0.05. For FY2025 ended 2025-12-31, revenue was $19.5 million but net loss was $10.6 million, or -$0.54 per diluted share; FY2024 revenue was $11.6 million with a net loss of $7.4 million, or -$0.38. Revenue has grown, but losses have widened, which tells me the company has not yet turned land activity into durable profit. The balance sheet is not highly levered: debt-to-equity is 0.30, and the FairStock Altman Z-Score is 7.34, suggesting low bankruptcy risk. Still, trailing free cash flow is -$3.5 million and FairStock's FCF yield is -1.2%, so cash is going out. FairStock's price-based metrics at the 2026-10-13 close show a negative P/E of -61.54 and a P/B of 9.47; ROE is -16.14% and ROCE is -6.97%. Those are not Graham-style bargain numbers. The possible moat, if any, would come from its land and entitlements, but that value is not showing up in earnings. FairStock scores it 45/100 and labels it a TURNAROUND, citing a loss in the latest year after earlier profits. For a value investor, the key question is whether asset value and future land sales will eventually exceed the current price; today, the numbers demand a margin of safety that the market price does not visibly provide.

In plain English: Maui Land & Pineapple owns and manages land and property in Hawaii, including development, leasing, and resort amenities. The business looks weak right now: in fiscal Q2 2026, the quarter ended 2026-06-30, it lost $1.6 million on $3.7 million of revenue, and it is burning cash. At $14.77, the price looks expensive compared with its recent losses and the value of its assets on paper, though its land could be worth more than the books show.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer