Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.
Good value with adequate balance sheet.
Share Price & News
How has Joyce's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JYC's share price has been volatile over the past 3 months.
7 Day Return
AU Specialty Retail
1 Year Return
AU Specialty Retail
Return vs Industry: JYC underperformed the Australian Specialty Retail industry which returned -3.3% over the past year.
Return vs Market: JYC underperformed the Australian Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is Joyce's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Joyce Corporation Ltd's (ASX:JYC) Latest Stock Performance A Reflection Of Its Financial Health?
3 months ago | Simply Wall StHow Does Joyce's (ASX:JYC) P/E Compare To Its Industry, After The Share Price Drop?
3 months ago | Simply Wall StDoes Joyce Corporation Ltd (ASX:JYC) Create Value For Shareholders?
Is Joyce undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: JYC (A$1.19) is trading below our estimate of fair value (A$6.22)
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 (13.5x) compared to the AU Specialty Retail industry average (13.3x).
PE vs Market: JYC is good value based on its PE Ratio (13.5x) compared to the Australian market (15.6x).
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 good value based on its PB Ratio (1.5x) compared to the AU Specialty Retail industry average (1.8x).
How is Joyce forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Joyce is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Joyce competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
How has Joyce performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JYC has high quality earnings.
Growing Profit Margin: JYC's current net profit margins (2.4%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: JYC has become profitable over the past 5 years, growing earnings by 35.8% per year.
Accelerating Growth: JYC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JYC had negative earnings growth (-33.5%) over the past year, making it difficult to compare to the Specialty Retail industry average (-2.2%).
Return on Equity
High ROE: JYC's Return on Equity (21%) is considered high.
How is Joyce's financial position?
Financial Position Analysis
Short Term Liabilities: JYC's short term assets (A$8.6M) do not cover its short term liabilities (A$19.8M).
Long Term Liabilities: JYC's short term assets (A$8.6M) do not cover its long term liabilities (A$20.2M).
Debt to Equity History and Analysis
Debt Level: JYC's debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: JYC's debt to equity ratio has reduced from 27.2% to 25.9% over the past 5 years.
Debt Coverage: JYC's debt is well covered by operating cash flow (140.7%).
Interest Coverage: JYC's interest payments on its debt are well covered by EBIT (21.1x coverage).
What is Joyce current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: JYC's dividend (9.83%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).
High Dividend: JYC's dividend (9.83%) is in the top 25% of dividend payers in the Australian market (6.5%)
Stability and Growth of Payments
Stable Dividend: JYC's dividend payments have been volatile in the past 10 years.
Growing Dividend: JYC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (132.7%), JYC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Keith Smith (53yo)
Mr. Keith Smith, Accounting BSc (Hons), ACA, CA ANZ, AICD, GIA (Cert), serves as Chief Executive Officer of Joyce Corporation Ltd since March 2020 and served as its Acting Chief Executive Officer since Jul ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD185.19K) is about average for companies of similar size in the Australian market ($USD262.56K).
Compensation vs Earnings: Keith's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|COO & Director of Lloyds Online Auctions Pty Ltd||no data||AU$209.61k||no data|
|Non-Executive Director||35.67yrs||AU$132.25k||36.3% A$12.2m|
|Independent Chairman||1.67yrs||AU$127.00k||0.20% A$68.3k|
|Non-Executive Director||18yrs||AU$94.25k||0.071% A$24.0k|
|Non-Executive Director||0.50yr||no data||no data|
|Deputy Chairman of the Board||1.17yrs||AU$94.25k||0.071% A$24.0k|
|Non-Executive Director||1yr||no data||0.088% A$29.6k|
Experienced Board: JYC's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Joyce Corporation Ltd's company bio, employee growth, exchange listings and data sources
- Name: Joyce Corporation Ltd
- Ticker: JYC
- Exchange: ASX
- Founded: 1886
- Industry: Homefurnishing Retail
- Sector: Retail
- Market Cap: AU$33.720m
- Shares outstanding: 28.10m
- Website: https://www.joycecorp.com.au
- Joyce Corporation Ltd
- 75 Howe Street
- Osborne Park
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|JYC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|JYC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Joyce Corporation Ltd retails kitchen and wardrobe products in Australia. It owns five Bedshed retail stores, as well as franchise Bedshed retail bedding stores. The company also operates kitchen and wardrobe supply and installation stores under the Kitchen Connection and Wallspan brand name. In addition, the company is involved in online auction and valuers business. Joyce Corporation Ltd was founded in 1886 and is headquartered in Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/14 10:38|
|End of Day Share Price||2020/07/14 00:00|
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.