DB:JB2

Stock Analysis Report

Executive Summary

JALUX Inc. engages in the aviation, life services, retail, and food and beverage business worldwide.

Snowflake

Fundamentals

Mediocre balance sheet second-rate dividend payer.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

JB2

-1.3%

DE Trade Distributors

1.4%

DE Market


1 Year Return

-9.6%

JB2

-9.9%

DE Trade Distributors

3.7%

DE Market

Return vs Industry: JB2 matched the German Trade Distributors industry which returned -9.9% over the past year.

Return vs Market: JB2 underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

JB2IndustryMarket
7 Day0%-1.3%1.4%
30 Day-0.5%-5.3%1.3%
90 Day-9.0%1.0%3.4%
1 Year-7.3%-9.6%-7.2%-9.9%7.0%3.7%
3 Year35.3%27.1%-7.5%-14.1%18.5%8.3%
5 Year138.7%117.6%23.0%9.7%42.2%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

10.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: JB2 (€20) is trading above our estimate of fair value (€7.39)

Significantly Undervalued: JB2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JB2 is good value based on its PE Ratio (10.4x) compared to the Trade Distributors industry average (14.7x).

PE vs Market: JB2 is good value based on its PE Ratio (10.4x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: JB2 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: JB2 is overvalued based on its PB Ratio (1.3x) compared to the DE Trade Distributors industry average (1.3x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JB2's forecast earnings growth (7.4% per year) is above the savings rate (0.2%).

Earnings vs Market: JB2's earnings (7.4% per year) are forecast to grow slower than the German market (12.7% per year).

High Growth Earnings: JB2's earnings are forecast to grow, but not significantly.

Revenue vs Market: JB2's revenue (4.4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: JB2's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if JB2's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has JALUX performed over the past 5 years?

20.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JB2's earnings have grown significantly by 20.9% per year over the past 5 years.

Accelerating Growth: JB2's earnings growth over the past year (6.3%) is below its 5-year average (20.9% per year).

Earnings vs Industry: JB2 earnings growth over the past year (6.3%) underperformed the Trade Distributors industry 17.4%.


Return on Equity

High ROE: JB2's Return on Equity (13.5%) is considered low.


Return on Assets

ROA vs Industry: JB2 has a higher Return on Assets than the Trade Distributors industry average last year.


Return on Capital Employed

ROCE Improving: JB2's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is JALUX's financial position?


Financial Position Analysis

Short Term Liabilities: JB2's short term assets (¥45.3B) exceeds its short term liabilities (¥30.1B)

Long Term Liabilities: JB2's short term assets (45.3B) exceeds its long term liabilities (1.3B)


Debt to Equity History and Analysis

Debt Level: JB2's debt to equity ratio (51.2%) is considered high

Reducing Debt: JB2's debt to equity ratio has increased from 27.4% to 51.2% over the past 5 years.

Debt Coverage: JB2's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JB2's interest payments on its debt are well covered by EBIT (32.9x coverage).


Balance Sheet

Inventory Level: JB2 has a high level of physical assets or inventory.

Debt Coverage by Assets: JB2's debt is covered by short term assets (assets are 3.479580x debt).


Next Steps

Dividend

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

2.67%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years3.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JB2's dividend (2.67%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: JB2's dividend (2.67%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: JB2's dividend payments have been volatile in the past 10 years.

Growing Dividend: JB2's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.8%), JB2'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

What is the CEO of JALUX's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Masashi Shinohara 0

0.8yrs

Tenure

0

Masashi Shinohara has been Chief Executive Officer and Representative Director at JALUX Inc. since 2019. 


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: JB2's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

1.8yrs

Average Tenure

Experienced Board: JB2's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Osamu Yamaguchi

    Managing Executive Officer & Director

    • Tenure: 3.3yrs
  • Takao Suzuki

    Managing Executive Officer and General Manager of Aviation Services Business

    • Tenure: 3.5yrs
  • Osamu Tateishi

    Executive Officer

    • Tenure: 3.5yrs
  • Shigeki Yamazaki

    Executive Officer

    • Tenure: 3.5yrs
  • Toshiyuki Shima

    Executive Officer

    • Tenure: 1.8yrs
  • Osamu Yamamoto

    Executive Officer

    • Tenure: 1.8yrs
  • Masahiko Miura

    Executive Officer

    • Tenure: 1.8yrs
  • Masashi Shinohara

    CEO & Representative Director

    • Tenure: 0.8yrs
  • Kiyoshi Marukawa

    Co-CEO & Representative Director

    • Tenure: 0.8yrs

Board Members

  • Osamu Yamaguchi

    Managing Executive Officer & Director

    • Tenure: 3.3yrs
  • Yoichi Ogawa

    External Director

    • Tenure: 3.3yrs
  • Hiroshi Kinoshita

    External Auditor

    • Tenure: 3.3yrs
  • Naoki Yokoyama

    External Director

    • Tenure: 2.3yrs
  • Shigeru Ota

    External Director

    • Tenure: 2.3yrs
  • Daisuke Kadono

    • Tenure: 1.3yrs
  • Masashi Shinohara

    CEO & Representative Director

    • Tenure: 0.8yrs
  • Kiyoshi Marukawa

    Co-CEO & Representative Director

    • Tenure: 0.8yrs
  • Yuji Saito

    External Director

    • Tenure: 0.8yrs
  • Hiroyuki Goto

    External Auditor

    • Tenure: 0.8yrs

Company Information

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


Key Information

  • Name: JALUX Inc.
  • Ticker: JB2
  • Exchange: DB
  • Founded: 1962
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: JP¥30.787b
  • Listing Market Cap: JP¥254.685m
  • Shares outstanding: 12.64m
  • Website: https://www.jalux.com

Number of Employees


Location

  • JALUX Inc.
  • Shinagawa Season Terrace
  • 1-2-70 Konan
  • Tokyo
  • 108-8209
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2729TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYFeb 2002
JB2DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2002

Biography

JALUX Inc. engages in the aviation, life services, retail, and food and beverage business worldwide. It remarkets and sells aircraft, aircraft engines, and flight simulators; provides leased aircraft regis ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:05
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.