View Future GrowthJoyce 過去の業績過去 基準チェック /66Joyceは、平均年間7.3%の収益成長を遂げていますが、 Specialty Retail業界の収益は、年間 減少しています。収益は、平均年間4% 7.7%収益成長率で 成長しています。 Joyceの自己資本利益率は45.7%であり、純利益率は6%です。主要情報7.34%収益成長率6.39%EPS成長率Specialty Retail 業界の成長19.75%収益成長率7.70%株主資本利益率45.69%ネット・マージン6.03%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Sep 03Full year 2024 earnings released: EPS: AU$0.31 (vs AU$0.28 in FY 2023)Full year 2024 results: EPS: AU$0.31 (up from AU$0.28 in FY 2023). Revenue: AU$145.5m (flat on FY 2023). Net income: AU$8.86m (up 12% from FY 2023). Profit margin: 6.1% (up from 5.5% in FY 2023).Reported Earnings • Feb 29First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.13 in 1H 2023)First half 2024 results: EPS: AU$0.17 (up from AU$0.13 in 1H 2023). Revenue: AU$73.1m (up 6.0% from 1H 2023). Net income: AU$4.74m (up 34% from 1H 2023). Profit margin: 6.5% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue.Reported Earnings • Sep 01Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.32 in FY 2022)Full year 2023 results: EPS: AU$0.28 (down from AU$0.32 in FY 2022). Revenue: AU$144.7m (up 12% from FY 2022). Net income: AU$7.93m (down 13% from FY 2022). Profit margin: 5.5% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.すべての更新を表示Recent updatesBoard Change • May 20No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Board Change • May 01No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Feb 27Joyce Corporation Ltd Announces Ordinary Fully Franked Interim Dividend for the Six Months Ended December 31, 2025 , Payable on March 27, 2026Joyce Corporation Ltd. announced ordinary fully franked interim dividend of AUD 0.13000000 per share for the six months ended December 31, 2025. The record date is 13 March 2026 and the payment date is 27 March 2026. Ex date: March 12, 2026.Board Change • Dec 24No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Oct 10Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025.Declared Dividend • Aug 31First half dividend of AU$0.17 announcedShareholders will receive a dividend of AU$0.17. Ex-date: 11th September 2025 Payment date: 3rd October 2025 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control, which is less than the 19% EPS growth achieved over the last 5 years.Board Change • Aug 18No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Feb 04No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 22Joyce Corporation Ltd Announces Executive ChangesJoyce Corporation Ltd. advises that Mr. Dan Madden has resigned as Joint Company Secretary, effective 22 November 2024. Mr. Tim Allison continues in the role of Company Secretary and, for the purposes of ASX Listing Rule 12.6, remains the primary person responsible for communication between the Company and the ASX.お知らせ • Oct 09Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024.Reported Earnings • Sep 03Full year 2024 earnings released: EPS: AU$0.31 (vs AU$0.28 in FY 2023)Full year 2024 results: EPS: AU$0.31 (up from AU$0.28 in FY 2023). Revenue: AU$145.5m (flat on FY 2023). Net income: AU$8.86m (up 12% from FY 2023). Profit margin: 6.1% (up from 5.5% in FY 2023).Declared Dividend • Sep 01First half dividend of AU$0.17 announcedShareholders will receive a dividend of AU$0.17. Ex-date: 12th September 2024 Payment date: 4th October 2024 Dividend yield will be 6.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Jul 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (AU$115.0m market cap, or US$77.5m).Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to AU$4.33, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Specialty Retail industry in Australia. Total returns to shareholders of 75% over the past year.Upcoming Dividend • Mar 04Upcoming dividend of AU$0.11 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 05 April 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (4.6%).Declared Dividend • Feb 29First half dividend of AU$0.11 announcedShareholders will receive a dividend of AU$0.11. Ex-date: 11th March 2024 Payment date: 5th April 2024 Dividend yield will be 8.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 29First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.13 in 1H 2023)First half 2024 results: EPS: AU$0.17 (up from AU$0.13 in 1H 2023). Revenue: AU$73.1m (up 6.0% from 1H 2023). Net income: AU$4.74m (up 34% from 1H 2023). Profit margin: 6.5% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue.Board Change • Nov 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 12Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023.Upcoming Dividend • Sep 06Upcoming dividend of AU$0.17 per share at 7.6% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (5.7%).Reported Earnings • Sep 01Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.32 in FY 2022)Full year 2023 results: EPS: AU$0.28 (down from AU$0.32 in FY 2022). Revenue: AU$144.7m (up 12% from FY 2022). Net income: AU$7.93m (down 13% from FY 2022). Profit margin: 5.5% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.New Risk • Aug 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (AU$74.7m market cap, or US$48.4m).Board Change • May 12No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Apr 04No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Mar 07No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.収支内訳Joyce の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史CHIA:JYC 収益、費用、利益 ( )AUD Millions日付収益収益G+A経費研究開発費31 Dec 25156952030 Sep 25152851030 Jun 25148750031 Mar 25147749031 Dec 24146749030 Sep 24146848030 Jun 24146948031 Mar 24147947031 Dec 23149946030 Sep 23147946030 Jun 23145847031 Mar 23141847031 Dec 22136947030 Sep 22133945030 Jun 22129943031 Mar 22124842031 Dec 21120741030 Sep 21116739030 Jun 21111838031 Mar 21102535031 Dec 2093232030 Sep 2089132030 Jun 2086-131031 Dec 1980323030 Sep 1982326030 Jun 1984329031 Dec 1898445030 Sep 1895445030 Jun 1891446031 Dec 1784341030 Sep 1781336030 Jun 1779331031 Mar 1775329031 Dec 1670226030 Sep 1663223030 Jun 1657220031 Mar 1653120031 Dec 1549119030 Sep 15420170質の高い収益: JYCは 高品質の収益 を持っています。利益率の向上: JYCの現在の純利益率 (6%)は、昨年(4.9%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: JYCの収益は過去 5 年間で年間7.3%増加しました。成長の加速: JYCの過去 1 年間の収益成長率 ( 31.4% ) は、5 年間の平均 ( 年間7.3%を上回っています。収益対業界: JYCの過去 1 年間の収益成長率 ( 31.4% ) はSpecialty Retail業界2.8%を上回りました。株主資本利益率高いROE: JYCの 自己資本利益率 ( 45.7% ) は 傑出している と考えられます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YRetail 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/17 19:30終値2026/07/17 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Joyce Corporation Ltd 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関James FerrierCanaccord GenuityBenjamin YunOrd Minnett Limited
Reported Earnings • Sep 03Full year 2024 earnings released: EPS: AU$0.31 (vs AU$0.28 in FY 2023)Full year 2024 results: EPS: AU$0.31 (up from AU$0.28 in FY 2023). Revenue: AU$145.5m (flat on FY 2023). Net income: AU$8.86m (up 12% from FY 2023). Profit margin: 6.1% (up from 5.5% in FY 2023).
Reported Earnings • Feb 29First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.13 in 1H 2023)First half 2024 results: EPS: AU$0.17 (up from AU$0.13 in 1H 2023). Revenue: AU$73.1m (up 6.0% from 1H 2023). Net income: AU$4.74m (up 34% from 1H 2023). Profit margin: 6.5% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue.
Reported Earnings • Sep 01Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.32 in FY 2022)Full year 2023 results: EPS: AU$0.28 (down from AU$0.32 in FY 2022). Revenue: AU$144.7m (up 12% from FY 2022). Net income: AU$7.93m (down 13% from FY 2022). Profit margin: 5.5% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.
Board Change • May 20No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Board Change • May 01No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Feb 27Joyce Corporation Ltd Announces Ordinary Fully Franked Interim Dividend for the Six Months Ended December 31, 2025 , Payable on March 27, 2026Joyce Corporation Ltd. announced ordinary fully franked interim dividend of AUD 0.13000000 per share for the six months ended December 31, 2025. The record date is 13 March 2026 and the payment date is 27 March 2026. Ex date: March 12, 2026.
Board Change • Dec 24No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Oct 10Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025Joyce Corporation Ltd, Annual General Meeting, Nov 27, 2025.
Declared Dividend • Aug 31First half dividend of AU$0.17 announcedShareholders will receive a dividend of AU$0.17. Ex-date: 11th September 2025 Payment date: 3rd October 2025 Dividend yield will be 5.4%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control, which is less than the 19% EPS growth achieved over the last 5 years.
Board Change • Aug 18No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Feb 04No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 24No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 22Joyce Corporation Ltd Announces Executive ChangesJoyce Corporation Ltd. advises that Mr. Dan Madden has resigned as Joint Company Secretary, effective 22 November 2024. Mr. Tim Allison continues in the role of Company Secretary and, for the purposes of ASX Listing Rule 12.6, remains the primary person responsible for communication between the Company and the ASX.
お知らせ • Oct 09Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024Joyce Corporation Ltd, Annual General Meeting, Nov 21, 2024.
Reported Earnings • Sep 03Full year 2024 earnings released: EPS: AU$0.31 (vs AU$0.28 in FY 2023)Full year 2024 results: EPS: AU$0.31 (up from AU$0.28 in FY 2023). Revenue: AU$145.5m (flat on FY 2023). Net income: AU$8.86m (up 12% from FY 2023). Profit margin: 6.1% (up from 5.5% in FY 2023).
Declared Dividend • Sep 01First half dividend of AU$0.17 announcedShareholders will receive a dividend of AU$0.17. Ex-date: 12th September 2024 Payment date: 4th October 2024 Dividend yield will be 6.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Jul 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (AU$115.0m market cap, or US$77.5m).
Valuation Update With 7 Day Price Move • Apr 12Investor sentiment improves as stock rises 23%After last week's 23% share price gain to AU$4.33, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 15x in the Specialty Retail industry in Australia. Total returns to shareholders of 75% over the past year.
Upcoming Dividend • Mar 04Upcoming dividend of AU$0.11 per shareEligible shareholders must have bought the stock before 11 March 2024. Payment date: 05 April 2024. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (4.6%).
Declared Dividend • Feb 29First half dividend of AU$0.11 announcedShareholders will receive a dividend of AU$0.11. Ex-date: 11th March 2024 Payment date: 5th April 2024 Dividend yield will be 8.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is covered by both earnings (89% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 29First half 2024 earnings released: EPS: AU$0.17 (vs AU$0.13 in 1H 2023)First half 2024 results: EPS: AU$0.17 (up from AU$0.13 in 1H 2023). Revenue: AU$73.1m (up 6.0% from 1H 2023). Net income: AU$4.74m (up 34% from 1H 2023). Profit margin: 6.5% (up from 5.1% in 1H 2023). The increase in margin was driven by higher revenue.
Board Change • Nov 22No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 12Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023Joyce Corporation Ltd, Annual General Meeting, Nov 24, 2023.
Upcoming Dividend • Sep 06Upcoming dividend of AU$0.17 per share at 7.6% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 7.6%. Within top quartile of Australian dividend payers (7.0%). Higher than average of industry peers (5.7%).
Reported Earnings • Sep 01Full year 2023 earnings released: EPS: AU$0.28 (vs AU$0.32 in FY 2022)Full year 2023 results: EPS: AU$0.28 (down from AU$0.32 in FY 2022). Revenue: AU$144.7m (up 12% from FY 2022). Net income: AU$7.93m (down 13% from FY 2022). Profit margin: 5.5% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses.
New Risk • Aug 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (AU$74.7m market cap, or US$48.4m).
Board Change • May 12No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Apr 04No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Mar 07No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Nick Palmer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 09Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Mike Gurry was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.