J & J Snack Foods Corp.
Find Ratings ReportsJ & J SNACK FOODS CORP's gross profit margin for the first quarter of its fiscal year 2024 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. J & J SNACK FOODS CORP has average liquidity. Currently, the Quick Ratio is 1.31 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 6.13% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 348.31 | 351.34 |
EBITDA ($mil) | 26.48 | 24.51 |
EBIT ($mil) | 9.68 | 9.33 |
Net Income ($mil) | 7.28 | 6.63 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 50.02 | 56.87 |
Total Assets ($mil) | 1292.56 | 1227.55 |
Total Debt ($mil) | 147.27 | 147.53 |
Equity ($mil) | 912.46 | 859.74 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 31.98 | 30.18 |
EBITDA Margin | 7.6 | 6.97 |
Operating Margin | 2.78 | 2.65 |
Sales Turnover | 1.2 | 1.15 |
Return on Assets | 6.15 | 3.48 |
Return on Equity | 8.72 | 4.98 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 2.4 | 2.76 |
Debt/Capital | 0.14 | 0.15 |
Interest Expense | 0.56 | 1.05 |
Interest Coverage | 17.29 | 8.89 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 19.37 | 19.23 |
Div / share | 0.74 | 0.7 |
EPS | 0.37 | 0.34 |
Book value / share | 47.11 | 44.71 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 96768.0 | 68967.0 |
BUY. The current P/E ratio indicates a significant premium compared to an average of 18.98 for the Food Manufacturing subsector and a premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 3.01 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 3.20. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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JJSF 34.55 | Peers 18.98 | JJSF 13.75 | Peers 15.41 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. JJSF is trading at a significant premium to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. JJSF is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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JJSF 23.99 | Peers 17.75 | JJSF 1.29 | Peers 2.43 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. JJSF is trading at a significant premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. JJSF trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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JJSF 3.01 | Peers 3.20 | JJSF 85.13 | Peers 16.04 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. JJSF is trading at a valuation on par with its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. JJSF is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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JJSF 1.77 | Peers 1.93 | JJSF 10.06 | Peers 6.04 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. JJSF is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. JJSF has a sales growth rate that significantly exceeds its peers. |
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