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JK

Just Kitchen Holdings TSXV:JK Stock Report

Last Price

CA$0.30

Market Cap

CA$22.6m

7D

-17.8%

1Y

-76.9%

Updated

24 Jun, 2022

Data

Company Financials +
JK fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

JK Stock Overview

Just Kitchen Holdings Corp., a cloud kitchen meal preparation company, operates ghost kitchens in Taiwan and Hong Kong.

Just Kitchen Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Just Kitchen Holdings
Historical stock prices
Current Share PriceCA$0.30
52 Week HighCA$2.02
52 Week LowCA$0.28
Beta0
1 Month Change-44.44%
3 Month Change-62.50%
1 Year Change-76.92%
3 Year Changen/a
5 Year Changen/a
Change since IPO-71.70%

Recent News & Updates

Shareholder Returns

JKCA HospitalityCA Market
7D-17.8%7.5%0.3%
1Y-76.9%-21.2%-4.1%

Return vs Industry: JK underperformed the Canadian Hospitality industry which returned -23.2% over the past year.

Return vs Market: JK underperformed the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is JK's price volatile compared to industry and market?
JK volatility
JK Average Weekly Movement14.0%
Hospitality Industry Average Movement5.8%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

Stable Share Price: JK is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: JK's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2019138Jason Chenhttps://en.justkitchen.com

Just Kitchen Holdings Corp., a cloud kitchen meal preparation company, operates ghost kitchens in Taiwan and Hong Kong. It specializes in the development and marketing of proprietary and franchised delivery-only food brands. The company combines its operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies.

Just Kitchen Holdings Fundamentals Summary

How do Just Kitchen Holdings's earnings and revenue compare to its market cap?
JK fundamental statistics
Market CapCA$22.55m
Earnings (TTM)-CA$15.29m
Revenue (TTM)CA$17.00m

1.3x

P/S Ratio

-1.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JK income statement (TTM)
RevenueCA$17.00m
Cost of RevenueCA$19.92m
Gross Profit-CA$2.92m
Other ExpensesCA$12.37m
Earnings-CA$15.29m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.20
Gross Margin-17.20%
Net Profit Margin-89.97%
Debt/Equity Ratio0.7%

How did JK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

JK 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/Revenue0.8x
Enterprise Value/EBITDA-1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does JK's PS Ratio compare to its peers?

JK PS Ratio vs Peers
The above table shows the PS ratio for JK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.5x

Price-To-Sales vs Peers: JK is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (5.5x).


Price to Earnings Ratio vs Industry

How does JK's PE Ratio compare vs other companies in the Canadian Hospitality Industry?

Price-To-Sales vs Industry: JK is good value based on its Price-To-Sales Ratio (1.3x) compared to the Canadian Hospitality industry average (2.5x)


Price to Sales Ratio vs Fair Ratio

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

JK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: JK is good value based on its Price-To-Sales Ratio (1.3x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate JK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate JK's fair value for valuation analysis.


Price to Earnings Growth Ratio

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


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Future Growth

How is Just Kitchen Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


54.3%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JK's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if JK's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if JK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JK's revenue (54.3% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: JK's revenue (54.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JK's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Just Kitchen Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-104.4%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: JK is currently unprofitable.

Growing Profit Margin: JK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if JK's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare JK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JK is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (52.7%).


Return on Equity

High ROE: JK has a negative Return on Equity (-109.18%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Just Kitchen Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: JK's short term assets (CA$14.4M) exceed its short term liabilities (CA$5.1M).

Long Term Liabilities: JK's short term assets (CA$14.4M) exceed its long term liabilities (CA$2.1M).


Debt to Equity History and Analysis

Debt Level: JK has more cash than its total debt.

Reducing Debt: Insufficient data to determine if JK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: JK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: JK has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 87.9% each year.


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Dividend

What is Just Kitchen Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate JK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate JK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if JK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if JK's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as JK has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.0yrs

Average management tenure


CEO

Jason Chen (46 yo)

2.17yrs

Tenure

CA$220,113

Compensation

Mr. Hsin-How Chen, also known as Jason, serves as Chief Executive Officer at Just Kitchen Holdings Corp. since January 17, 2020 and serves as its Director since April 23, 2020. Mr. Chen also serves as Pres...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD170.41K) is about average for companies of similar size in the Canadian market ($USD175.39K).

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


Leadership Team

Experienced Management: JK's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: JK's board of directors are not considered experienced ( 1.2 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: JK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.2%.


Top Shareholders

Company Information

Just Kitchen Holdings Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Just Kitchen Holdings Corp.
  • Ticker: JK
  • Exchange: TSXV
  • Founded: 2019
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: CA$22.554m
  • Shares outstanding: 75.18m
  • Website: https://en.justkitchen.com

Number of Employees


Location

  • Just Kitchen Holdings Corp.
  • 800 West Pender Street
  • Suite 1430
  • Vancouver
  • British Columbia
  • V6C 2V6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/09/30


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.