Johnson Outdoors Inc.
Find Ratings ReportsJOHNSON OUTDOORS INC's gross profit margin for the first quarter of its fiscal year 2024 has increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. JOHNSON OUTDOORS INC has strong liquidity. Currently, the Quick Ratio is 1.85 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.95% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q1 FY24 | Q1 FY23 |
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Net Sales ($mil) | 138.64 | 178.34 |
EBITDA ($mil) | 5.07 | 9.24 |
EBIT ($mil) | 0.05 | 5.47 |
Net Income ($mil) | 3.96 | 5.88 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 109.56 | 103.42 |
Total Assets ($mil) | 692.68 | 689.1 |
Total Debt ($mil) | 53.52 | 57.03 |
Equity ($mil) | 503.87 | 494.22 |
Profitability | Q1 FY24 | Q1 FY23 |
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Gross Profit Margin | 41.75 | 37.31 |
EBITDA Margin | 3.65 | 5.17 |
Operating Margin | 0.03 | 3.07 |
Sales Turnover | 0.9 | 1.11 |
Return on Assets | 2.54 | 5.73 |
Return on Equity | 3.49 | 8.0 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 4.58 | 4.14 |
Debt/Capital | 0.1 | 0.1 |
Interest Expense | 0.04 | 0.04 |
Interest Coverage | 1.21 | 147.89 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 10.28 | 10.24 |
Div / share | 0.33 | 0.31 |
EPS | 0.38 | 0.57 |
Book value / share | 49.0 | 48.26 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 42142.0 | 36715.0 |
HOLD. This stock's P/E ratio indicates a premium compared to an average of 23.30 for the Transportation Equipment Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.88 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.90. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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JOUT 24.83 | Peers 23.30 | JOUT 17.12 | Peers 20.65 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. JOUT is trading at a valuation on par with 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. JOUT 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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JOUT 10.23 | Peers 16.58 | JOUT 0.60 | Peers 2.67 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. JOUT is trading at a valuation on par with 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. JOUT trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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JOUT 0.88 | Peers 4.90 | JOUT -55.42 | Peers 54.33 | |||||||||||||||||||||
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. JOUT is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, JOUT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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JOUT 0.71 | Peers 3.84 | JOUT -18.75 | Peers 19.37 | |||||||||||||||||||||
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. JOUT 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. JOUT significantly trails its peers on the basis of sales growth. |
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