Just Life Group (NZSE:JLG) - Share price, News & Analysis

JLG fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

JLG Stock Overview

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

Rewards

Price-To-Earnings ratio (16.7x) is below the NZ market (17.1x)

Earnings have grown 13.2% per year over the past 5 years

Risk Analysis

Has a high level of debt

Unstable dividend track record

Shareholders have been diluted in the past year

Does not have a meaningful market cap (NZ$55M)

Just Life Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Just Life Group
Historical stock prices
Current Share Price	NZ$0.55
52 Week High	NZ$0.95
52 Week Low	NZ$0.55
Beta	0.82
1 Month Change	-19.12%
3 Month Change	-21.43%
1 Year Change	-37.50%
3 Year Change	22.22%
5 Year Change	92.98%
Change since IPO	-16.67%

Recent News & Updates

Apr 29

We Think Just Life Group (NZSE:JLG) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Feb 27

Just Life Group (NZSE:JLG) Has Affirmed Its Dividend Of NZ$0.012

Just Life Group Limited ( NZSE:JLG ) will pay a dividend of NZ$0.012 on the 24th of March. This means the dividend...

Shareholder Returns

	JLG	NZ Specialty Retail	NZ Market
7D	-3.5%	-1.9%	1.3%
1Y	-37.5%	-12.8%	-12.2%

Return vs Industry: JLG underperformed the NZ Specialty Retail industry which returned -12.8% over the past year.

Return vs Market: JLG underperformed the NZ Market which returned -12.2% over the past year.

Price Volatility

Is JLG's price volatile compared to industry and market?
JLG volatility
JLG Average Weekly Movement	n/a
Specialty Retail Industry Average Movement	3.4%
Market Average Movement	4.1%
10% most volatile stocks in NZ Market	7.7%
10% least volatile stocks in NZ Market	2.8%

Stable Share Price: Insufficient data to determine JLG's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine JLG's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1988	n/a	Tony Falkenstein	https://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 Cap	NZ$55.19m
Earnings (TTM)	NZ$3.25m
Revenue (TTM)	NZ$34.87m

16.7x

P/E Ratio

1.6x

P/S Ratio

Is JLG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
JLG income statement (TTM)
Revenue	NZ$34.87m
Cost of Revenue	NZ$11.12m
Gross Profit	NZ$23.75m
Other Expenses	NZ$20.50m
Earnings	NZ$3.25m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.033
Gross Margin	68.11%
Net Profit Margin	9.32%
Debt/Equity Ratio	75.9%

How did JLG perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

70%

Payout Ratio

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

16.68x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: JLG (NZ$0.55) is trading above our estimate of fair value (NZ$0.45)

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

Price To Earnings Ratio

PE vs Industry: JLG is poor value based on its Price-To-Earnings Ratio (16.7x) compared to the NZ Specialty Retail industry average (13.3x).

PE vs Market: JLG is good value based on its Price-To-Earnings Ratio (16.7x) compared to the NZ market (17.1x).

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's Price-To-Book Ratio (2x) is in line with the NZ Specialty Retail industry average.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

3.4%

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?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

13.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: JLG has high quality earnings.

Growing Profit Margin: JLG's current net profit margins (9.3%) are lower than last year (10.9%).

Past Earnings Growth Analysis

Earnings Trend: JLG's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: JLG's earnings growth over the past year (2.9%) is below its 5-year average (13.2% per year).

Earnings vs Industry: JLG earnings growth over the past year (2.9%) underperformed the Specialty Retail industry 20%.

Return on Equity

High ROE: JLG's Return on Equity (12.1%) is considered low.

Financial Health

How is Just Life Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: JLG's short term assets (NZ$7.7M) exceed its short term liabilities (NZ$7.3M).

Long Term Liabilities: JLG's short term assets (NZ$7.7M) do not cover its long term liabilities (NZ$21.7M).

Debt to Equity History and Analysis

Debt Level: JLG's net debt to equity ratio (75.8%) is considered high.

Reducing Debt: JLG's debt to equity ratio has increased from 3.6% to 75.9% over the past 5 years.

Debt Coverage: JLG's debt is well covered by operating cash flow (22.3%).

Interest Coverage: JLG's interest payments on its debt are well covered by EBIT (7.6x coverage).

Balance Sheet

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: JLG's dividend (4.36%) is higher than the bottom 25% of dividend payers in the NZ market (3.09%).

High Dividend: JLG's dividend (4.36%) is low compared to the top 25% of dividend payers in the NZ market (5.61%).

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 5 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70%), JLG's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (69.7%), JLG's dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

5.3yrs

Average board tenure

CEO

Tony Falkenstein

no data

Tenure

NZ$239,000

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 (5.3 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30