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JLG

Just Life GroupNZSE:JLG Stock Report

Market Cap

NZ$87.6m

7D

12.5%

1Y

5.9%

Updated

15 Oct, 2021

Data

Company Financials
JLG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends2/6

JLG Overview

Just Life Group Limited provides filtered water solutions to business and residential customers in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Just Life Group
Historical stock prices
Current Share PriceNZ$0.90
52 Week HighNZ$0.68
52 Week LowNZ$1.11
Beta0.64
1 Month Change3.45%
3 Month Change0%
1 Year Change5.88%
3 Year Change83.67%
5 Year Change328.57%
Change since IPO36.36%

Recent News & Updates

May 02
Estimating The Fair Value Of Just Life Group Limited (NZSE:JLG)

Estimating The Fair Value Of Just Life Group Limited (NZSE:JLG)

Does the May share price for Just Life Group Limited ( NZSE:JLG ) reflect what it's really worth? Today, we will...

Apr 05
Do Just Life Group's (NZSE:JLG) Earnings Warrant Your Attention?

Do Just Life Group's (NZSE:JLG) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Mar 21
Just Life Group (NZSE:JLG) Has A Pretty Healthy Balance Sheet

Just Life Group (NZSE:JLG) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 06
Should You Buy Just Life Group Limited (NZSE:JLG) For Its Upcoming Dividend?

Should You Buy Just Life Group Limited (NZSE:JLG) For Its Upcoming Dividend?

Just Life Group Limited ( NZSE:JLG ) stock is about to trade ex-dividend in four days. You will need to purchase shares...

Shareholder Returns

JLGNZ Specialty RetailNZ Market
7D12.5%2.1%-0.4%
1Y5.9%42.1%2.3%

Return vs Industry: JLG underperformed the NZ Specialty Retail industry which returned 42.1% over the past year.

Return vs Market: JLG exceeded the NZ Market which returned 2.3% over the past year.

Price Volatility

Is JLG's price volatile compared to industry and market?
JLG volatility
JLG Beta0.64
Industry Beta0.91
Market Beta1

Stable Share Price: JLG is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: JLG's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
1988n/aTony Falkensteinhttps://www.jwi.co.nz

Just Life Group Limited provides filtered water solutions to business and residential customers in New Zealand. The company offers water coolers for offices and homes under the Just Water brand; About Health, an online market for natural heath supplements; Solatube, a tubular skylight system, which allows natural light into dark spaces and blocks UV rays and heat entering the home; ventilation systems under the Hometech and Unovent brand names; hot water solutions under The Cylinder Guy brand; and rainwater harvesting systems under the Designer Tanks brand name. The company was formerly known as Just Water International Limited and changed its name to Just Life Group Limited in February 2019.

Just Life Group Fundamentals Summary

How do Just Life Group's earnings and revenue compare to its market cap?
JLG fundamental statistics
Market CapNZ$87.63m
Earnings (TTM)NZ$3.31m
Revenue (TTM)NZ$32.52m

26.5x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JLG income statement (TTM)
RevenueNZ$32.52m
Cost of RevenueNZ$10.41m
Gross ProfitNZ$22.10m
ExpensesNZ$18.79m
EarningsNZ$3.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.034
Gross Margin67.98%
Net Profit Margin10.18%
Debt/Equity Ratio72.0%

How did JLG perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is Just Life Group undervalued compared to its fair value and its price relative to the market?

31.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JLG (NZ$0.9) is trading below our estimate of fair value (NZ$1.31)

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


Price To Earnings Ratio

PE vs Industry: JLG is poor value based on its PE Ratio (26.5x) compared to the NZ Specialty Retail industry average (15.4x).

PE vs Market: JLG is poor value based on its PE Ratio (26.5x) compared to the NZ market (22.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JLG is overvalued based on its PB Ratio (3.4x) compared to the NZ Specialty Retail industry average (2.5x).


Future Growth

How is Just Life Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.2%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Just Life Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Just Life Group performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JLG has high quality earnings.

Growing Profit Margin: JLG's current net profit margins (10.2%) are higher than last year (9.7%).


Past Earnings Growth Analysis

Earnings Trend: JLG's earnings have grown by 13.6% per year over the past 5 years.

Accelerating Growth: JLG's earnings growth over the past year (12.9%) is below its 5-year average (13.6% per year).

Earnings vs Industry: JLG earnings growth over the past year (12.9%) underperformed the Specialty Retail industry 24.1%.


Return on Equity

High ROE: JLG's Return on Equity (12.9%) is considered low.


Financial Health

How is Just Life Group's financial position?


Financial Position Analysis

Short Term Liabilities: JLG's short term assets (NZ$6.2M) do not cover its short term liabilities (NZ$7.4M).

Long Term Liabilities: JLG's short term assets (NZ$6.2M) do not cover its long term liabilities (NZ$20.2M).


Debt to Equity History and Analysis

Debt Level: JLG's debt to equity ratio (72%) is considered high.

Reducing Debt: JLG's debt to equity ratio has increased from 0.6% to 72% over the past 5 years.

Debt Coverage: JLG's debt is well covered by operating cash flow (36.4%).

Interest Coverage: JLG's interest payments on its debt are well covered by EBIT (10.9x coverage).


Balance Sheet


Dividend

What is Just Life Group current dividend yield, its reliability and sustainability?

2.67%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JLG's dividend (2.67%) is higher than the bottom 25% of dividend payers in the NZ market (2.44%).

High Dividend: JLG's dividend (2.67%) is low compared to the top 25% of dividend payers in the NZ market (4.62%).


Stability and Growth of Payments

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

Growing Dividend: JLG's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), JLG's dividend payments are 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?

6.8yrs

Average board tenure


CEO

Tony Falkenstein

no data

Tenure

NZ$234,000

Compensation

Mr. Anthony Edwin Falkenstein, also known as Tony, BCom, ONZM is the Founder of Just Life Group Limited (formerly known as Just Water International Limited) and serves as its Chief Executive Officer and al...


Board Members

Experienced Board: JLG's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: JLG insiders have only sold shares 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 7.8%.


Top Shareholders

Company Information

Just Life Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Just Life Group Limited
  • Ticker: JLG
  • Exchange: NZSE
  • Founded: 1988
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: NZ$87.632m
  • Shares outstanding: 97.37m
  • Website: https://www.jwi.co.nz

Location

  • Just Life Group Limited
  • 130 St Georges Bay Road
  • Parnell
  • Auckland
  • 1010
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:43
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.