Joy Global Inc

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JOY : NYSE : Industrial Goods
$28.13 -0.02 | -0.071%
Today's Range: 28.13 - 28.17
Avg. Daily Volume: 1069300.0
01/20/17 - 3:59 PM ET

Financial Analysis

JOY GLOBAL INC's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased. JOY GLOBAL INC has average liquidity. Currently, the Quick Ratio is 1.24 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.69% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)656.56865.57
EBITDA ($mil)48.6445.22
EBIT ($mil)24.647.85
Net Income ($mil)-8.45-1315.82

Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)276.71102.89
Total Assets ($mil)3426.433712.45
Total Debt ($mil)1007.031086.96
Equity ($mil)1381.711420.01

Profitability Q4 FY16 Q4 FY15
Gross Profit Margin27.5727.78
EBITDA Margin7.45.22
Operating Margin3.750.91
Sales Turnover0.690.85
Return on Assets-1.7-31.73
Return on Equity-4.62-82.95
Debt Q4 FY16 Q4 FY15
Current Ratio2.452.27
Interest Expense12.6915.77
Interest Coverage1.940.5

Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)98.3297.6
Div / share0.010.2
Book value / share14.0514.55
Institutional Own % n/a n/a
Avg Daily Volume1115687.02628033.0


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 2.00 indicates a discount versus the S&P 500 average of 2.84 and a significant discount versus the industry average of 4.40. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, JOY GLOBAL INC proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
JOY NM Peers 28.89   JOY 10.91 Peers 14.03

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

JOY's P/E is negative making this valuation measure meaningless.


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.

JOY is trading at a discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
JOY 70.35 Peers 22.76   JOY NA Peers 3.83

Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.

Ratio not available.


Neutral. 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.

Ratio not available.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
JOY 2.00 Peers 4.40   JOY 94.54 Peers -21.32

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.

JOY 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.

JOY is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
JOY 1.17 Peers 1.90   JOY -25.25 Peers -5.00

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.

JOY is trading at a significant discount to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

JOY significantly trails its peers on the basis of sales growth



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