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JYC

JoyceASX:JYC Stock Report

Market Cap

AU$102.8m

7D

3.7%

1Y

141.7%

Updated

22 Oct, 2021

Data

Company Financials
JYC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

JYC Overview

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Joyce
Historical stock prices
Current Share PriceAU$3.65
52 Week HighAU$1.47
52 Week LowAU$3.75
Beta0.93
1 Month Change12.31%
3 Month Change40.39%
1 Year Change141.72%
3 Year Change128.84%
5 Year Change157.04%
Change since IPO844.72%

Recent News & Updates

Aug 31
Returns on Capital Paint A Bright Future For Joyce (ASX:JYC)

Returns on Capital Paint A Bright Future For Joyce (ASX:JYC)

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

May 21
Is Joyce (ASX:JYC) Using Too Much Debt?

Is Joyce (ASX:JYC) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 03
Shareholders Would Enjoy A Repeat Of Joyce's (ASX:JYC) Recent Growth In Returns

Shareholders Would Enjoy A Repeat Of Joyce's (ASX:JYC) Recent Growth In Returns

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

JYCAU Specialty RetailAU Market
7D3.7%0.6%0.7%
1Y141.7%25.5%21.4%

Return vs Industry: JYC exceeded the Australian Specialty Retail industry which returned 25.5% over the past year.

Return vs Market: JYC exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is JYC's price volatile compared to industry and market?
JYC volatility
JYC Beta0.93
Industry Beta1.2
Market Beta1

Stable Share Price: JYC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: JYC's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1886n/aDan Maddenhttps://joycecorp.com.au

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia. It owns four Bedshed retail stores; and franchises Bedshed retail bedding stores. The company also operates kitchen and wardrobe showrooms under the Kitchen Connection and Wallspan brand names.

Joyce Fundamentals Summary

How do Joyce's earnings and revenue compare to its market cap?
JYC fundamental statistics
Market CapAU$102.83m
Earnings (TTM)AU$7.57m
Revenue (TTM)AU$111.22m

13.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JYC income statement (TTM)
RevenueAU$111.22m
Cost of RevenueAU$52.42m
Gross ProfitAU$58.81m
ExpensesAU$51.23m
EarningsAU$7.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin52.87%
Net Profit Margin6.81%
Debt/Equity Ratio0%

How did JYC perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Joyce undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JYC (A$3.65) is trading below our estimate of fair value (A$34.97)

Significantly Below Fair Value: JYC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: JYC is poor value based on its PE Ratio (13.6x) compared to the Australian Specialty Retail industry average (11.2x).

PE vs Market: JYC is good value based on its PE Ratio (13.6x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JYC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JYC is overvalued based on its PB Ratio (4.5x) compared to the AU Specialty Retail industry average (3.9x).


Future Growth

How is Joyce forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.6%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Joyce has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Joyce performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JYC has high quality earnings.

Growing Profit Margin: JYC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JYC's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: JYC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: JYC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (91.8%).


Return on Equity

High ROE: JYC's Return on Equity (48.8%) is considered outstanding.


Financial Health

How is Joyce's financial position?


Financial Position Analysis

Short Term Liabilities: JYC's short term assets (A$24.7M) do not cover its short term liabilities (A$27.8M).

Long Term Liabilities: JYC's short term assets (A$24.7M) exceed its long term liabilities (A$14.8M).


Debt to Equity History and Analysis

Debt Level: JYC is debt free.

Reducing Debt: JYC currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: JYC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: JYC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Joyce current dividend yield, its reliability and sustainability?

5.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JYC's dividend (5.48%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: JYC's dividend (5.48%) is in the top 25% of dividend payers in the Australian market (5.31%)


Stability and Growth of Payments

Stable Dividend: JYC's dividend payments have been volatile in the past 10 years.

Growing Dividend: JYC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.2%), JYC's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average board tenure


CEO

Dan Madden

0.83

Tenure

AU$1,656,437

Compensation

Mr. Daniel Madden, also known as Dan, BComAcc (Hons), ACA serves as the Chief Executive Officer and Company Secretary of Joyce Corporation Ltd since December 1, 2021. He served as Non-Executive Director of...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD1.24M) is above average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Insufficient data to compare Dan's compensation with company performance.


Board Members

Experienced Board: JYC's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Joyce Corporation Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Joyce Corporation Ltd
  • Ticker: JYC
  • Exchange: ASX
  • Founded: 1886
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Market Cap: AU$102.829m
  • Shares outstanding: 28.17m
  • Website: https://joycecorp.com.au

Location

  • Joyce Corporation Ltd
  • 75 Howe Street
  • Osborne Park
  • Perth
  • Western Australia
  • 6017
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:33
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.