Maui Land & Pineapple Company, Inc. (MLP) AI Stock Analysis

Founded in 1909 and based in Lahaina, Hawaii, Maui Land & Pineapple Company, Inc. operates through three main segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment focuses on land planning, entitlement, development, and sales primarily on Maui, along with brokerage services at Kapalua Resort. The Leasing segment manages commercial, agricultural, and industrial leases, trademark licensing, and water resources across West and Upcountry Maui. The Resort Amenities segment runs the Kapalua Club, offering access and privileges at Kapalua Resort amenities. The company owns approximately 23,000 acres of land on Maui and employs 20 people.

Maui Land & Pineapple saw revenue grow from $12.4M in FY2021 to $21.0M in FY2022, before dropping 47.9% to $10.9M in FY2023. Revenue recovered to $11.6M in FY2024 and rose 68.2% to $19.5M in FY2025, achieving a 5-year revenue CAGR of 20.9% from FY2020 to FY2025. Despite top-line gains, gross margin compressed from 70.6% in FY2022 to 29.0% in FY2025. Operating margin was -23.4% in FY2025, and net income declined to -$10.6M with EPS of -$0.54. For the trailing twelve months ended June 30, 2026, revenue stood at $16.1M with an operating margin of -49.1%. In the quarter ended June 30, 2026, quarterly revenue fell 19.6% year-over-year, while quarterly earnings grew 457.9%.

As of June 30, 2026, Maui Land & Pineapple held $3.3M in cash and short-term investments against $9.3M in total debt, resulting in net debt of $6.0M. Shareholders' equity was $31.1M, supporting a debt-to-equity ratio of 0.30 and a current ratio of 1.17. In FY2025, operating cash flow reached $2.1M, while capital expenditures totaled $2.6M, leading to free cash flow of -$484,000. Over five years, the company's share count increased 3.1%.

At a last close of $14.70 on October 16, 2026, Maui Land & Pineapple had a market cap of $291.9M and an enterprise value of $328.7M. The stock trades at a price-to-sales multiple of 18.1x and an EV-to-revenue multiple of 20.4x, well above the median of its US-listed Real Estate peers at 3.7x sales. Its forward P/E is 21.4x, compared to 23.5x for the peer group, while its EV-to-EBITDA stands at 26.5x versus 14.7x. Over the past year, MLP shares fell 7.2%, trailing the S&P 500 return of 16.8%.

Maui Land & Pineapple does not have published Wall Street analyst ratings, consensus price targets, or forward EPS estimates in the current period. The company is scheduled to report its next earnings results on November 13, 2026. For the trailing twelve months ended June 30, 2026, the company posted an EPS of -$0.24. Meanwhile, quarterly earnings growth rose 457.9% year-over-year in the latest quarter ending June 30, 2026. Insiders maintain high ownership at 69.0%, institutional investors hold 24.0%, and short interest represents 3.9% of the float.

This page is an AI-written research summary of Maui Land & Pineapple Company, Inc. (MLP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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