Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.65|
|52 Week High||AU$1.47|
|52 Week Low||AU$3.75|
|1 Month Change||12.31%|
|3 Month Change||40.39%|
|1 Year Change||141.72%|
|3 Year Change||128.84%|
|5 Year Change||157.04%|
|Change since IPO||844.72%|
Recent News & Updates
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...
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...
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...
|JYC||AU Specialty Retail||AU Market|
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.
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
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
|JYC fundamental statistics|
Is JYC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|JYC income statement (TTM)|
|Cost of Revenue||AU$52.42m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.27|
|Net Profit Margin||6.81%|
How did JYC perform over the long term?See historical performance and comparison
5.5%Current Dividend Yield
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$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).
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.
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 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.
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$14.8M).
Debt to Equity History and Analysis
Debt Level: JYC is debt free.
Reducing Debt: JYC currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: JYC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: JYC has no debt, therefore coverage of interest payments is not a concern.
What is Joyce current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JYC's dividend (5.48%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: JYC's dividend (5.48%) is in the top 25% of dividend payers in the Australian market (5.31%)
Stability and Growth of Payments
Stable Dividend: JYC's dividend payments have been volatile in the past 10 years.
Growing Dividend: JYC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.2%), JYC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Daniel Madden, also known as Dan, BComAcc (Hons), ACA serves as the Chief Executive Officer and Company Secretary of Joyce Corporation Ltd since December 1, 2021. He served as Non-Executive Director of...
CEO Compensation Analysis
Compensation vs Market: Dan's total compensation ($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.
Experienced Board: JYC's board of directors are considered experienced (8.4 years average tenure).
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 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$102.829m
- Shares outstanding: 28.17m
- Website: https://joycecorp.com.au
- Joyce Corporation Ltd
- 75 Howe Street
- Osborne Park
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:33|
|End of Day Share Price||2021/10/22 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.