DB:JST

Stock Analysis Report

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Executive Summary

JOST Werke AG manufactures and supplies safety-critical systems for the commercial vehicle industry.


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.4%

JST

1.5%

DE Machinery

2.8%

DE Market


1 Year Return

-2.6%

JST

-14.5%

DE Machinery

0.3%

DE Market

Return vs Industry: JST exceeded the German Machinery industry which returned -14.5% over the past year.

Return vs Market: JST underperformed the German Market which returned 0.3% over the past year.


Shareholder returns

JSTIndustryMarket
7 Day2.4%1.5%2.8%
30 Day3.7%-3.0%0.5%
90 Day36.8%24.7%27.7%
1 Year-2.6%-2.6%-13.6%-14.5%2.3%0.3%
3 Yearn/a-31.3%-35.4%3.5%-4.9%
5 Yearn/a-10.0%-19.2%11.4%-3.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JST (€29.55) is trading below our estimate of fair value (€45.72)

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


Price To Earnings Ratio

PE vs Industry: JST is poor value based on its PE Ratio (29.5x) compared to the Machinery industry average (15.4x).

PE vs Market: JST is poor value based on its PE Ratio (29.5x) compared to the German market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: JST is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: JST is overvalued based on its PB Ratio (1.8x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

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

67.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JST's forecast earnings growth (67% per year) is above the savings rate (0.2%).

Earnings vs Market: JST's earnings (67% per year) are forecast to grow faster than the German market (22.2% per year).

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

Revenue vs Market: JST's revenue (6.9% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: JST'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: JST's Return on Equity is forecast to be low in 3 years time (16.2%).


Next Steps

Past Performance

How has JOST Werke performed over the past 5 years?

62.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JST has a large one-off loss of €36.2M impacting its March 31 2005 financial results.

Growing Profit Margin: JST's current net profit margins (2.1%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: JST's earnings have grown significantly by 62.4% per year over the past 5 years.

Accelerating Growth: JST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JST had negative earnings growth (-72.7%) over the past year, making it difficult to compare to the Machinery industry average (-22.8%).


Return on Equity

High ROE: JST's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is JOST Werke's financial position?


Financial Position Analysis

Short Term Liabilities: JST's short term assets (€407.9M) exceed its short term liabilities (€277.1M).

Long Term Liabilities: JST's short term assets (€407.9M) do not cover its long term liabilities (€408.5M).


Debt to Equity History and Analysis

Debt Level: JST's debt to equity ratio (151.7%) is considered high.

Reducing Debt: JST had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: JST's debt is well covered by operating cash flow (25.5%).

Interest Coverage: JST's interest payments on its debt are well covered by EBIT (13.2x coverage).


Balance Sheet


Next Steps

Dividend

What is JOST Werke current dividend yield, its reliability and sustainability?

2.43%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate JST'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 JST's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: JST is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JST's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Joachim Dürr (56yo)

0.75

Tenure

€975,000

Compensation

Mr. Joachim Dürr serves as Chief Executive Officer and Chairman of the Executive Board of JOST Werke AG since October 1, 2019. He serves as Chief Sales Officer & Member of the Management Board at JOST Werk ...


CEO Compensation Analysis

Compensation vs Market: Joachim's total compensation ($USD1.10M) is about average for companies of similar size in the German market ($USD1.08M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joachim Dürr
CEO, Chairman of the Executive Board & Chief Sales Officer0.75yr€975.00kno data
Christian Terlinde
CFO & Member of the Executive Board1.5yrs€867.00kno data
Ralf Eichler
COO & Member of the Executive Board3.08yrs€884.00kno data
Romy Acosta
Senior Manager of Investor Relationsno datano datano data
Dirk Schmidt
Management Consultantno datano datano data

1.5yrs

Average Tenure

56yo

Average Age

Experienced Management: JST's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bernd Gottschalk
Independent Deputy Chairman of Supervisory Board3.08yrs€85.00kno data
Jurgen Schaubel
Independent Member of Supervisory Board3.08yrs€70.00kno data
Manfred Heinrich Wennemer
Independent Chairman of Supervisory Board3.08yrs€170.00kno data
Natalie Hayday
Independent Member of Supervisory Board3.08yrs€60.00kno data
Rolf Lutz
Independent Member of Supervisory Board3.08yrs€60.00kno data
Klaus Sulzbach
Independent Member of Supervisory Board3.08yrs€60.00kno data

3.1yrs

Average Tenure

64.5yo

Average Age

Experienced Board: JST's board of directors are considered experienced (3.1 years average tenure).


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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

JOST Werke AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: JOST Werke AG
  • Ticker: JST
  • Exchange: DB
  • Founded: 2008
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €447.745m
  • Shares outstanding: 14.90m
  • Website: https://www.jost-world.com

Number of Employees


Location

  • JOST Werke AG
  • Siemensstrasse 2
  • Neu-Isenburg
  • Hessen
  • 63263
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JSTDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJul 2017
0RTRLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJul 2017
JSTXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJul 2017
JSTDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJul 2017
JOSTSWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFJul 2017

Biography

JOST Werke AG manufactures and supplies safety-critical systems for the commercial vehicle industry. The company offers truck and trailer components, including sensor systems and lubrication solutions, fifth wheel couplings and mounting plates, dual-height fifth wheel systems, sliders, kingpins, ball bearing turntables and slewing rings, landing gears, and hubodometers and axle caps; axle systems and its spare parts; and container equipment, such as components for intermodal transports, twist locks, bolsters, lifting frames for swap bodies, airbag lifting devices, and spare wheel holders. It also provides products for commercial vehicles comprising towing hitches and its spare parts, shunting couplings, traverses, varioblocs, adapter hitches, towing eyes and balls, wear gauges/tools, screw sets, and upgrade and repair kits; products for agriculture and forestry applications, including towing and ball hitches, drawbars, piton fixes, ladders, calotte and towing eyes, and accessories. The company markets its products under the JOST, ROCKINGER, TRIDEC, Edbro, and Quicke brand names. The company operates in Asia, Pacific, and Africa, as well as Europe and North America. The company was formerly known as Cintinori Holding GmbH and changed its name to JOST Werke AG in July 2017. The company was founded in 2008 and is headquartered in Neu-Isenburg, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 22:10
End of Day Share Price2020/07/03 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.