JDW

J D WetherspoonLSE:JDW Stock Report

Market Cap

UK£1.3b

7D

5.5%

1Y

29.3%

Updated

22 Sep, 2021

Data

Company Financials +
JDW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance0/6
Financial Health2/6
Dividends0/6

JDW Overview

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland.

J D Wetherspoon Competitors

Greggs

LSE:GRG

UK£3.2b

SSP Group

LSE:SSPG

UK£2.2b

Mitchells & Butlers

LSE:MAB

UK£1.6b

Restaurant Group

LSE:RTN

UK£833.8m

Price History & Performance

Summary of all time highs, changes and price drops for J D Wetherspoon
Historical stock prices
Current Share PriceUK£10.60
52 Week HighUK£7.74
52 Week LowUK£14.53
Beta1.49
1 Month Change-3.46%
3 Month Change-12.90%
1 Year Change29.35%
3 Year Change-17.89%
5 Year Change12.05%
Change since IPO3,054.76%

Recent News & Updates

Shareholder Returns

JDWGB HospitalityGB Market
7D5.5%7.0%0.6%
1Y29.3%56.5%23.1%

Return vs Industry: JDW underperformed the UK Hospitality industry which returned 56.3% over the past year.

Return vs Market: JDW exceeded the UK Market which returned 22.6% over the past year.

Price Volatility

Is JDW's price volatile compared to industry and market?
JDW volatility
JDW Beta1.49
Industry Beta1.21
Market Beta1

Stable Share Price: JDW is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JDW's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197937,800John Hutsonhttps://www.jdwetherspoon.com

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. It operates 875 pubs and 58 hotels. The company was founded in 1979 and is based in Watford, the United Kingdom.

J D Wetherspoon Fundamentals Summary

How do J D Wetherspoon's earnings and revenue compare to its market cap?
JDW fundamental statistics
Market CapUK£1.25b
Earnings (TTM)-UK£182.53m
Revenue (TTM)UK£760.10m

1.7x

P/S Ratio

-6.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JDW income statement (TTM)
RevenueUK£760.10m
Cost of RevenueUK£715.34m
Gross ProfitUK£44.76m
ExpensesUK£227.29m
Earnings-UK£182.53m

Last Reported Earnings

Jan 24, 2021

Next Earnings Date

Oct 01, 2021

Earnings per share (EPS)-1.59
Gross Margin5.89%
Net Profit Margin-24.01%
Debt/Equity Ratio296.3%

How did JDW perform over the long term?

See historical performance and comparison

Valuation

Is J D Wetherspoon undervalued compared to its fair value and its price relative to the market?

2.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JDW (£10.6) is trading below our estimate of fair value (£10.82)

Significantly Below Fair Value: JDW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JDW is unprofitable, so we can't compare its PE Ratio to the UK Hospitality industry average.

PE vs Market: JDW is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JDW is overvalued based on its PB Ratio (3.4x) compared to the GB Hospitality industry average (2.6x).


Future Growth

How is J D Wetherspoon forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

93.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JDW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: JDW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JDW's is expected to become profitable in the next 3 years.

Revenue vs Market: JDW's revenue (35.3% per year) is forecast to grow faster than the UK market (5.5% per year).

High Growth Revenue: JDW's revenue (35.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JDW's Return on Equity is forecast to be high in 3 years time (20.9%)


Past Performance

How has J D Wetherspoon performed over the past 5 years?

-40.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JDW is currently unprofitable.

Growing Profit Margin: JDW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JDW is unprofitable, and losses have increased over the past 5 years at a rate of 40.9% per year.

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

Earnings vs Industry: JDW is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (11.2%).


Return on Equity

High ROE: JDW has a negative Return on Equity (-49.96%), as it is currently unprofitable.


Financial Health

How is J D Wetherspoon's financial position?


Financial Position Analysis

Short Term Liabilities: JDW's short term assets (£276.4M) exceed its short term liabilities (£267.6M).

Long Term Liabilities: JDW's short term assets (£276.4M) do not cover its long term liabilities (£1.6B).


Debt to Equity History and Analysis

Debt Level: JDW's debt to equity ratio (296.3%) is considered high.

Reducing Debt: JDW's debt to equity ratio has reduced from 297.1% to 296.3% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if JDW's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is J D Wetherspoon current dividend yield, its reliability and sustainability?

0.92%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: JDW is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

17.7yrs

Average management tenure


CEO

John Hutson (56 yo)

no data

Tenure

UK£738,000

Compensation

Mr. John Hutson serves as the Chief Executive Officer of JD Wetherspoon PLC. Mr. Hutson served as Managing Director of JD Wetherspoon plc and also served as its Chief Operating Officer since October 2010....


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.01M) is about average for companies of similar size in the UK market ($USD1.34M).

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


Leadership Team

Experienced Management: JDW's management team is seasoned and experienced (17.7 years average tenure).


Board Members

Experienced Board: JDW's board of directors are seasoned and experienced ( 13 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JDW insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

J D Wetherspoon plc's employee growth, exchange listings and data sources


Key Information

  • Name: J D Wetherspoon plc
  • Ticker: JDW
  • Exchange: LSE
  • Founded: 1979
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: UK£1.255b
  • Shares outstanding: 118.38m
  • Website: https://www.jdwetherspoon.com

Number of Employees


Location

  • J D Wetherspoon plc
  • Wetherspoon House
  • Central Park
  • Watford
  • Hertfordshire
  • WD24 4QL
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 21:15
End of Day Share Price2021/09/22 00:00
Earnings2021/01/24
Annual Earnings2020/07/26


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.