Johnson Controls International plc
Find Ratings ReportsJOHNSON CONTROLS INTL PLC's gross profit margin for the first quarter of its fiscal year 2024 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the subsector average, its revenue growth has not. JOHNSON CONTROLS INTL PLC has weak liquidity. Currently, the Quick Ratio is 0.63 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.06% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q1 FY24 | Q1 FY23 |
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Net Sales ($mil) | 6094.0 | 6068.0 |
EBITDA ($mil) | 733.0 | 790.0 |
EBIT ($mil) | 502.0 | 587.0 |
Net Income ($mil) | 374.0 | 118.0 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 1801.0 | 1599.0 |
Total Assets ($mil) | 43981.0 | 42797.0 |
Total Debt ($mil) | 12015.0 | 11055.0 |
Equity ($mil) | 16698.0 | 16046.0 |
Profitability | Q1 FY24 | Q1 FY23 |
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Gross Profit Margin | 36.48 | 37.8 |
EBITDA Margin | 12.02 | 13.01 |
Operating Margin | 8.24 | 9.67 |
Sales Turnover | 0.61 | 0.6 |
Return on Assets | 4.78 | 2.96 |
Return on Equity | 12.61 | 7.91 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.97 | 1.02 |
Debt/Capital | 0.42 | 0.41 |
Interest Expense | 115.0 | 79.0 |
Interest Coverage | 4.37 | 7.43 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 681.48 | 687.23 |
Div / share | 0.37 | 0.35 |
EPS | 0.55 | 0.17 |
Book value / share | 24.5 | 23.35 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 6096273.0 | 5156729.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 34.89 for the Machinery Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.57 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 15.81. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, JOHNSON CONTROLS INTL PLC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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JCI 20.55 | Peers 34.89 | JCI 18.92 | Peers 35.56 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. JCI is trading at a significant discount 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. JCI is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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JCI 15.39 | Peers 25.65 | JCI 0.60 | Peers 5.15 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. JCI is trading at a significant discount 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. JCI trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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JCI 2.57 | Peers 15.81 | JCI 66.84 | Peers 20.44 | |||||||||||||||||||||
Discount. 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. JCI is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. JCI 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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JCI 1.60 | Peers 8.34 | JCI 5.15 | Peers 14.92 | |||||||||||||||||||||
Discount. 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. JCI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. JCI significantly trails its peers on the basis of sales growth. |
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