TSX:JWEL

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Jamieson Wellness

Executive Summary

Jamieson Wellness Inc. develops, manufactures, distributes, sells, and markets natural health products in Canada and internationally.


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Jamieson Wellness's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JWEL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.1%

JWEL

2.7%

CA Personal Products

0.9%

CA Market


1 Year Return

73.3%

JWEL

-4.9%

CA Personal Products

-12.5%

CA Market

Return vs Industry: JWEL exceeded the Canadian Personal Products industry which returned -4.9% over the past year.

Return vs Market: JWEL exceeded the Canadian Market which returned -12.5% over the past year.


Shareholder returns

JWELIndustryMarket
7 Day4.1%2.7%0.9%
30 Day12.8%-0.01%0.4%
90 Day32.4%40.2%17.4%
1 Year76.1%73.3%-4.4%-4.9%-9.5%-12.5%
3 Year116.5%106.3%92.2%86.2%4.1%-5.7%
5 Yearn/a56.7%56.7%23.4%4.9%

Price Volatility Vs. Market

How volatile is Jamieson Wellness's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

40.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JWEL (CA$35.69) is trading above our estimate of fair value (CA$30.57)

Significantly Below Fair Value: JWEL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JWEL is poor value based on its PE Ratio (40.3x) compared to the Personal Products industry average (17.7x).

PE vs Market: JWEL is poor value based on its PE Ratio (40.3x) compared to the Canadian market (13.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JWEL is overvalued based on its PB Ratio (5.2x) compared to the CA Personal Products industry average (1.3x).


Next Steps

Future Growth

How is Jamieson Wellness forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

6.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if JWEL's forecast earnings growth is above the savings rate (1.7%).

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

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

Revenue vs Market: JWEL's revenue (6.9% per year) is forecast to grow faster than the Canadian market (5.4% per year).

High Growth Revenue: JWEL's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Jamieson Wellness performed over the past 5 years?

92.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JWEL has high quality earnings.

Growing Profit Margin: JWEL's current net profit margins (9.6%) are higher than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: JWEL has become profitable over the past 5 years, growing earnings by 92.2% per year.

Accelerating Growth: JWEL's earnings growth over the past year (24.8%) is below its 5-year average (92.2% per year).

Earnings vs Industry: JWEL earnings growth over the past year (24.8%) exceeded the Personal Products industry 18.7%.


Return on Equity

High ROE: JWEL's Return on Equity (12.8%) is considered low.


Next Steps

Financial Health

How is Jamieson Wellness's financial position?


Financial Position Analysis

Short Term Liabilities: JWEL's short term assets (CA$189.5M) exceed its short term liabilities (CA$70.4M).

Long Term Liabilities: JWEL's short term assets (CA$189.5M) do not cover its long term liabilities (CA$240.6M).


Debt to Equity History and Analysis

Debt Level: JWEL's debt to equity ratio (64.4%) is considered high.

Reducing Debt: JWEL's debt to equity ratio has reduced from 662.6% to 64.4% over the past 5 years.

Debt Coverage: JWEL's debt is not well covered by operating cash flow (16.9%).

Interest Coverage: JWEL's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Jamieson Wellness's current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JWEL's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: JWEL's dividend (1.23%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JWEL has been paying a dividend for less than 10 years.

Growing Dividend: JWEL's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.5%), JWEL's dividend payments are 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.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Mark Hornick (52yo)

6.08yrs

Tenure

CA$2,477,532

Compensation

Mr. Mark Hornick has been the Chief Executive Officer of Jamieson Wellness Inc. since June 2014 and serves as its President. Mr. Hornick has been the Chief Executive Officer and President of Jamieson Labor ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.82M) is about average for companies of similar size in the Canadian market ($USD1.63M).

Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Hornick
President6.08yrsCA$2.48m1.27% CA$18.0m
Christopher Snowden
CFO & Corporate Secretary6yrsCA$1.05m0.53% CA$7.5m
Regan Stewart
Chief Operations & People Officerno dataCA$910.14k0.016% CA$220.9k
John Doherty
Chief Science & Innovation Officer7yrsCA$905.86k0.039% CA$556.8k
Don Bird
Executive Vice President of Business Developmentno dataCA$990.10k0.040% CA$565.1k
Michael Pilato
President of Jamieson Canada1.75yrsCA$876.15k0.013% CA$189.7k
Ruth Winker
Corporate Communications Directorno datano datano data
Paul Galbraith
Senior Vice President of Salesno datano datano data
Joel Scales
Senior Vice President of Marketing0.50yrno datano data

6.0yrs

Average Tenure

52yo

Average Age

Experienced Management: JWEL's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Hornick
President6.08yrsCA$2.48m1.27% CA$18.0m
Steven Spooner
Independent Director2.75yrsCA$117.50k0.032% CA$444.8k
David Williams
Independent Chairman of the Boardno dataCA$167.50k0.38% CA$5.3m
Jason Tafler
Independent Director2.83yrsCA$105.00k0.0068% CA$96.1k
Louis Aronne
Independent Director6.25yrsCA$105.00kno data
Heather Allen
Independent Director2.75yrsCA$105.00k0.035% CA$498.1k
Bruce Holub
Member of the Scientific Advisory Boardno datano datano data
Shawn Talbott
Member of the Scientific Advisory Boardno datano datano data
Ragupathy Subramanyam
Member of the Scientific Advisory Boardno datano datano data
Ralf Jaeger
Member of the Scientific Advisory Boardno datano datano data

2.8yrs

Average Tenure

53yo

Average Age

Experienced Board: JWEL's board of directors are not considered experienced ( 2.8 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: JWEL insiders have sold more shares than they have bought 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 3.5%.


Top Shareholders

Company Information

Jamieson Wellness Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Number of Employees


Location

  • Jamieson Wellness Inc.
  • 1 Adelaide Street East
  • Suite 2200
  • Toronto
  • Ontario
  • M5C 2V9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JWELTSX (The Toronto Stock Exchange)YesCommon SharesCACADJul 2017
2JWDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2017

Biography

Jamieson Wellness Inc. develops, manufactures, distributes, sells, and markets natural health products in Canada and internationally. The company operates in two segments, Jamieson Brands and Strategic Partners. The Jamieson Brands segment offers health products for humans, including vitamins, herbals, and mineral nutritional supplements; and over-the-counter remedies under the Jamieson and Lorna Vanderhaeghe Health Solutions Inc. brands, as well as sports nutrition products under the Progressive, Precision, and Iron Vegan brands. The Strategic Partners segment provides manufacturing and product development services on a contract manufacturing basis to blue-chip consumer health companies and retailers. Jamieson Wellness Inc. sells its products to distributor, retail, and wholesale customers. The company was formerly known as Jamieson Intermediate Holdings Ltd. and changed its name to Jamieson Wellness Inc. in May 2017. Jamieson Wellness Inc. was founded in 1922 and is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 00:09
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.