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JSLG

JSL BOVESPA:JSLG3 Stock Report

Last Price

R$5.73

Market Cap

R$1.6b

7D

1.4%

1Y

-42.1%

Updated

26 Sep, 2022

Data

Company Financials +

JSL Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JSL
Historical stock prices
Current Share PriceR$5.73
52 Week HighR$9.90
52 Week LowR$4.38
Beta0.86
1 Month Change-10.19%
3 Month Change12.13%
1 Year Change-42.12%
3 Year Change-66.59%
5 Year Change-40.75%
Change since IPO-28.38%

Recent News & Updates

Aug 05
JSL S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

JSL S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

JSL S.A. ( BVMF:JSLG3 ) just released its second-quarter report and things are looking bullish. JSL beat earnings, with...

Shareholder Returns

JSLG3BR TransportationBR Market
7D1.4%-3.5%-2.2%
1Y-42.1%-3.4%-15.7%

Return vs Industry: JSLG3 underperformed the BR Transportation industry which returned 0.1% over the past year.

Return vs Market: JSLG3 underperformed the BR Market which returned -13.6% over the past year.

Price Volatility

Is JSLG3's price volatile compared to industry and market?
JSLG3 volatility
JSLG3 Average Weekly Movement6.7%
Transportation Industry Average Movement5.7%
Market Average Movement5.7%
10% most volatile stocks in BR Market9.5%
10% least volatile stocks in BR Market2.7%

Stable Share Price: JSLG3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: JSLG3's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195626,500Ramon Peres Martinez de Alcarazhttps://www.jsl.com.br

JSL S.A., together with its subsidiaries, provides logistics services in Brazil. It operates vehicle fleets that handle special transport operations in consumer goods, steel, chemical and petrochemical, and other segments. The company also offers warehousing services; and manages receipt, storage, inventory control, and shipment activities within the clients’ premises.

JSL Fundamentals Summary

How do JSL's earnings and revenue compare to its market cap?
JSLG3 fundamental statistics
Market CapR$1.61b
Earnings (TTM)R$200.20m
Revenue (TTM)R$5.24b

8.1x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JSLG3 income statement (TTM)
RevenueR$5.24b
Cost of RevenueR$4.40b
Gross ProfitR$837.50m
Other ExpensesR$637.30m
EarningsR$200.20m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin15.98%
Net Profit Margin3.82%
Debt/Equity Ratio270.8%

How did JSLG3 perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is JSLG3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JSLG3?

Other financial metrics that can be useful for relative valuation.

JSLG3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA5.9x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does JSLG3's PE Ratio compare to its peers?

JSLG3 PE Ratio vs Peers
The above table shows the PE ratio for JSLG3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.2x
TGMA3 Tegma Gestão Logística
11.1x17.0%R$1.3b
MOVI3 Movida Participações
4.7x11.9%R$4.6b
SIMH3 SIMPAR
10.9x44.6%R$8.2b
VAMO3 Vamos Locação de Caminhões Máquinas e Equipamentos
26x37.7%R$13.0b
8.1x34.9%R$1.6b

Price-To-Earnings vs Peers: JSLG3 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (13.2x).


Price to Earnings Ratio vs Industry

How does JSLG3's PE Ratio compare vs other companies in the Global Transportation Industry?

Price-To-Earnings vs Industry: JSLG3 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Global Transportation industry average (13.2x)


Price to Earnings Ratio vs Fair Ratio

What is JSLG3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JSLG3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio21.2x

Price-To-Earnings vs Fair Ratio: JSLG3 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (21.2x).


Share Price vs Fair Value

What is the Fair Price of JSLG3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JSLG3 (R$5.73) is trading below our estimate of fair value (R$10.64)

Significantly Below Fair Value: JSLG3 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is JSL forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JSLG3's forecast earnings growth (34.9% per year) is above the savings rate (9.2%).

Earnings vs Market: JSLG3's earnings (34.9% per year) are forecast to grow faster than the BR market (9.9% per year).

High Growth Earnings: JSLG3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JSLG3's revenue (8.7% per year) is forecast to grow faster than the BR market (6.2% per year).

High Growth Revenue: JSLG3's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JSLG3's Return on Equity is forecast to be high in 3 years time (20.1%)


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Past Performance

How has JSL performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


52.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JSLG3 has high quality earnings.

Growing Profit Margin: JSLG3's current net profit margins (3.8%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: JSLG3 has become profitable over the past 5 years, growing earnings by 52.7% per year.

Accelerating Growth: JSLG3's earnings growth over the past year (10.9%) is below its 5-year average (52.7% per year).

Earnings vs Industry: JSLG3 earnings growth over the past year (10.9%) underperformed the Transportation industry 26.1%.


Return on Equity

High ROE: JSLG3's Return on Equity (14.8%) is considered low.


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Financial Health

How is JSL's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: JSLG3's short term assets (R$2.2B) exceed its short term liabilities (R$1.1B).

Long Term Liabilities: JSLG3's short term assets (R$2.2B) do not cover its long term liabilities (R$4.6B).


Debt to Equity History and Analysis

Debt Level: JSLG3's net debt to equity ratio (223.5%) is considered high.

Reducing Debt: JSLG3's debt to equity ratio has reduced from 615.2% to 270.8% over the past 5 years.

Debt Coverage: JSLG3's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JSLG3's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.94%

Current Dividend Yield

Dividend Yield vs Market

JSL Dividend Yield vs Market
How does JSL dividend yield compare to the market?
SegmentDividend Yield
Company (JSL)3.9%
Market Bottom 25% (BR)1.5%
Market Top 25% (BR)6.8%
Industry Average (Transportation)1.5%
Analyst forecast in 3 Years (JSL)3.4%

Notable Dividend: JSLG3's dividend (3.94%) is higher than the bottom 25% of dividend payers in the BR market (1.5%).

High Dividend: JSLG3's dividend (3.94%) is low compared to the top 25% of dividend payers in the BR market (6.77%).


Stability and Growth of Payments

Stable Dividend: JSLG3's dividend payments have been volatile in the past 10 years.

Growing Dividend: JSLG3's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.2%), JSLG3's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: JSLG3 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

2.6yrs

Average management tenure


CEO

Ramon Peres Martinez de Alcaraz

1.5yrs

Tenure

Ramon Peres Martinez Garcia de Alcaraz serves as Chief Executive Officer and Member of Management Board at JSL S.A. since March 2021.


Leadership Team

Experienced Management: JSLG3's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: JSLG3's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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.


Ownership Breakdown

What is the ownership structure of JSLG3?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,134,3430.4%
Institutions29,536,70510.4%
General Public40,360,38014.2%
Private Companies213,482,08175.0%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Top 19 shareholders own 85.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
75.03%
JSP Holding S.A.
213,482,081R$1.2b0%no data
5.12%
Van Eck Associates Corporation
14,559,200R$83.4m0.24%0.03%
2.35%
Norges Bank Investment Management
6,681,913R$38.3m0%no data
0.57%
UNA Capital Ltda
1,611,800R$9.2m0%0.85%
0.45%
Voya Investment Management LLC
1,280,400R$7.3m4.4%no data
0.4%
CTM Investimentos
1,151,800R$6.6m0%3.86%
0.4%
Fernando Simoes
1,134,343R$6.5m25.57%no data
0.35%
Claritas Administração de Recursos LTDA.
992,100R$5.7m0%0.84%
0.3%
SulAmérica Investimentos DTVM S.A.
862,800R$4.9m0%0.91%
0.27%
Lazard Asset Management LLC
780,700R$4.5m39.99%no data
0.24%
Sul America Investimentos
672,300R$3.9m0%1.5%
0.14%
Dimensional Fund Advisors LP
385,453R$2.2m13.13%no data
0.11%
Franklin Resources, Inc.
314,500R$1.8m0%no data
0.039%
Kapitalo Investimentos Ltda.
109,611R$628.1k0%0.01%
0.034%
ARX Investimentos Ltda
96,300R$551.8k0%0.05%
0.018%
Prosper Gestão De Recursos Ltda.
50,000R$286.5k0%1.04%
0.0068%
Vinci Equities Gestora de Recursos LTDA
19,400R$111.2k0%no data
0.0056%
Kinea Investimentos Ltda
15,828R$90.7k0%0.06%
0.00056%
A7 Gestao de Recursos
1,600R$9.2k0%0.01%

Company Information

JSL S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: JSL S.A.
  • Ticker: JSLG3
  • Exchange: BOVESPA
  • Founded: 1956
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: R$1.613b
  • Shares outstanding: 284.51m
  • Website: https://www.jsl.com.br

Number of Employees


Location

  • JSL S.A.
  • Renato Paes de Barros Street 1.017
  • 9th Floor
  • São Paulo
  • São Paulo
  • 04530–001
  • Brazil


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JSLG3BOVESPA (Bolsa de Valores de Sao Paulo)YesCommon SharesBRBRLApr 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.