Maui Land & Pineapple Company (MLP) AI Stock Analysis

• Market Cap: $376.30M
• Dividend Yield: N/A
• Average Volume (3M): 17.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: 74.64%
• EPS Growth: -256.63%
• Country: US
• Employees: 15
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): -0.05
• Shares Outstanding: 19,742,780
• 10 Day Avg. Volume: 21,461
• 30 Day Avg. Volume: 17,799
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.94
• Enterprise Value/Revenue: 21.08
• Enterprise Value/Gross Profit: 69.96
• Enterprise Value/Ebitda: -29.67
• 1Y Price Target: $17.00
• Price Target Upside: -10.81% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 51 Neutral
• Price Target: $17.00 ▼(-10.81% Downside)

The overall stock score is primarily influenced by financial performance challenges, including negative earnings and cash flow issues. Technical analysis shows short-term bullish momentum, but long-term trends remain weak. Valuation is a concern due to a negative P/E ratio and lack of dividend yield.

Maui Land & Pineapple Company Business Overview & Revenue Model

Company Description

Maui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sale of its landholdings on Maui. This segment also provides licensed general brokerage services for properties in the Kapalua Resort and surrounding areas. The Leasing segment leases commercial, agricultural, and industrial land and properties; and licenses its registered trademarks and trade names, as well as provides stewardship and conservation services. This segment also operates ditches, reservoirs, and well systems that provide potable and non-potable water to West and Upcountry Maui areas. The Resort Amenities segment manages the operations of the Kapalua Club, a private non-equity club program that provides its members special programs, access, and other privileges at certain amenities at the Kapalua Resort. The company owns approximately 23,000 acres of land on the island of Maui, Hawaii. Maui Land & Pineapple Company, Inc. was founded in 1909 and is based in Lahaina, Hawaii.

How the Company Makes Money

MLP generates revenue through multiple streams. In the real estate sector, the company profits from the sale and leasing of residential and commercial properties, capitalizing on the high demand for real estate in Maui. Additionally, MLP earns income from agricultural operations, specifically through the cultivation and sale of its signature pineapple products, which are marketed under the Dole brand. The company also benefits from partnerships with local businesses and organizations, which help enhance its brand presence and distribution channels. Furthermore, MLP's commitment to sustainable land management and development projects can lead to additional revenue opportunities in eco-tourism and conservation initiatives, contributing to its overall earnings.

Maui Land & Pineapple Company Financial Statement Overview

Summary

Maui Land & Pineapple Company faces challenges in profitability and cash flow generation, despite some improvements in operating performance in 2024. The balance sheet remains relatively stable with low leverage, but the company needs to address its negative earnings and cash flow issues to enhance its financial health.

Income Statement

The company has shown inconsistent revenue trends, with a significant decline in revenue from 2022 to 2023 followed by a slight recovery in 2024. The gross profit margin is strong at 100% for 2024, but net income is negative, resulting in a negative net profit margin. EBIT margin improved significantly in 2024 compared to the previous year, but overall profitability remains a concern.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating a conservative use of leverage. The equity ratio is healthy, showing that a significant portion of assets is financed by equity. However, the return on equity is negative due to ongoing net losses, which is a concern for investor returns.

Cash Flow

Operating cash flow has improved in 2024 compared to 2023, but free cash flow remains negative, indicating challenges in generating cash after capital expenditures. The free cash flow to net income ratio is not meaningful due to negative net income, and the company has faced difficulties in maintaining positive cash flow over the years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.85M	11.56M	9.29M	20.96M	12.44M	7.54M
Gross Profit	5.08M	3.98M	2.74M	14.79M	6.84M	2.61M
EBITDA	-11.97M	-5.87M	-1.42M	2.84M	-1.79M	-1.15M
Net Income	-13.78M	-7.39M	-3.08M	1.79M	-3.20M	-2.27M
Balance Sheet
Total Assets	45.74M	50.14M	42.22M	42.41M	37.92M	38.47M
Cash, Cash Equivalents and Short-Term Investments	7.03M	9.52M	8.37M	10.93M	5.60M	869.00K
Total Debt	3.23M	3.25M	1.74M	4.58M	4.66M	200.00K
Total Liabilities	19.45M	16.96M	7.52M	8.63M	14.33M	18.40M
Stockholders Equity	26.29M	33.18M	34.70M	33.77M	23.59M	20.07M
Cash Flow
Free Cash Flow	-1.96M	-1.50M	-1.99M	6.23M	1.36M	2.12M
Operating Cash Flow	199.00K	370.00K	-1.37M	6.26M	1.39M	2.20M
Investing Cash Flow	-10.00K	-2.10M	-864.00K	-3.02M	4.10M	-517.00K
Financing Cash Flow	2.61M	2.87M	-574.00K	-335.00K	-760.00K	-1.50M

Maui Land & Pineapple Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLP, the sentiment is Positive. The current price of 19.06 is above the 20-day moving average (MA) of 17.87, above the 50-day MA of 17.29, and above the 200-day MA of 18.17, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 61.36 is Neutral, neither overbought nor oversold. The STOCH value of 75.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLP.

Maui Land & Pineapple Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMAX	71 Outperform	318.40M	20.75	2.15%	―	-5.21%	0.00%
RMR	66 Neutral	528.08M	14.78	8.44%	10.86%	-16.99%	-24.57%
HOUS	57 Neutral	792.01M	-7.24	-5.90%	―	2.74%	-118.94%
TCI	55 Neutral	403.89M	61.18	0.79%	―	-4.20%	11.20%
MLP	51 Neutral	$376.30M	―	-45.55%	―	74.64%	-256.63%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Maui Land & Pineapple Company Corporate Events

Maui Land & Pineapple Initiates Strategic Asset Review

On September 10, 2025, Maui Land & Pineapple Company announced a strategic review to explore the potential sale or lease of its water source and infrastructure assets, which began in early 2025. These assets are crucial for water supply in Maui, including the Pi‘iholo Well and other systems serving Lahaina and Kapalua. The review aims to enhance water security amid drought conditions and support other business priorities like housing development. A subcommittee led by Ken Ota, an expert in water systems, will oversee this process, although no timeline for completion has been set.

The most recent analyst rating on (MLP) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Maui Land & Pineapple Company stock, see the MLP Stock Forecast page.