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Jason Industries

Nasdaq:JASN
Snowflake Description

Slightly overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JASN
Nasdaq
$68M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Jason Industries, Inc., together with its subsidiaries, manufactures and sells finishing products, components, seating products, and acoustics in the United States and internationally. The last earnings update was 109 days ago. More info.


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JASN Share Price and Events
Price Volatility
JASN
Industry
5yr Volatility vs Market

Value

 Is Jason Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Jason Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Jason Industries.

NasdaqCM:JASN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:JASN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Machinery Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.849 (1 + (1- 21%) (585.71%))
4.777
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (2 * 7.05%)
17.05%

Discounted Cash Flow Calculation for NasdaqCM:JASN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Jason Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:JASN DCF 1st Stage: Next 5 year cash flow forecast
2018 2019 2020 2021 2022
Levered FCF (USD, Millions) 28.62 28.23 27.84 27.46 27.08
Source Extrapolated @ (-1.37%) Extrapolated @ (-1.37%) Extrapolated @ (-1.37%) Extrapolated @ (-1.37%) Extrapolated @ (-1.37%)
Present Value
Discounted (@ 17.05%)
24.45 20.60 17.36 14.63 12.33
Present value of next 5 years cash flows $89
NasdaqCM:JASN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2022 × (1 + g) ÷ (Discount Rate – g)
= $27 × (1 + 2.95%) ÷ (17.05% – 2.95%)
$198
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $198 ÷ (1 + 17.05%)5
$90
NasdaqCM:JASN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $89 + $90
$179
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $179 / 27
$6.55
NasdaqCM:JASN Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.55
Current discount Discount to share price of $2.60
= -1 x ($2.60 - $6.55) / $6.55
60.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Jason Industries is available for.
Intrinsic value
>50%
Share price is $2.6 vs Future cash flow value of $6.55
Current Discount Checks
For Jason Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Jason Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Jason Industries's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Jason Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Jason Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:JASN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in USD $-0.35
NasdaqCM:JASN Share Price ** NasdaqCM (2018-07-17) in USD $2.6
United States of America Machinery Industry PE Ratio Median Figure of 275 Publicly-Listed Machinery Companies 22x
United States of America Market PE Ratio Median Figure of 7,808 Publicly-Listed Companies 18.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Jason Industries.

NasdaqCM:JASN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:JASN Share Price ÷ EPS (both in USD)

= 2.6 ÷ -0.35

-7.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jason Industries is loss making, we can't compare its value to the US Machinery industry average.
  • Jason Industries is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Jason Industries's expected growth come at a high price?
Raw Data
NasdaqCM:JASN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Machinery Industry PEG Ratio Median Figure of 235 Publicly-Listed Machinery Companies 1.7x
United States of America Market PEG Ratio Median Figure of 5,905 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Jason Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Jason Industries's assets?
Raw Data
NasdaqCM:JASN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in USD $-1.05
NasdaqCM:JASN Share Price * NasdaqCM (2018-07-17) in USD $2.6
United States of America Machinery Industry PB Ratio Median Figure of 357 Publicly-Listed Machinery Companies 2.37x
United States of America Market PB Ratio Median Figure of 13,225 Publicly-Listed Companies 1.73x
NasdaqCM:JASN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:JASN Share Price ÷ Book Value per Share (both in USD)

= 2.6 ÷ -1.05

-2.47x

* Primary Listing of Jason Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Jason Industries has negative assets, we can't compare the value of its assets to the US Machinery industry average.
X
Value checks
We assess Jason Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Jason Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Jason Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.4%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Jason Industries expected to grow at an attractive rate?
  • Unable to compare Jason Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Jason Industries's earnings growth to the United States of America market average as no estimate data is available.
  • Jason Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:JASN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:JASN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.4%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:JASN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:JASN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 643 31 1
2018-12-31 612 32 -14 1
NasdaqCM:JASN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-30 641 31 -9
2017-12-31 649 30 -8
2017-09-29 662 37 -71
2017-06-30 677 35 -72
2017-03-31 690 28 -69
2016-12-31 706 35 -71
2016-09-30 721 29 -81
2016-07-01 722 38 -81
2016-04-01 724 46 -80
2015-12-31 708 39 -78
2015-09-25 699 32 -12
2015-06-26 689 14 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Jason Industries is high growth as no earnings estimate data is available.
  • Jason Industries's revenue is expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:JASN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Jason Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:JASN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31
2018-12-31 -0.50 -0.50 -0.50 1.00
NasdaqCM:JASN Past Financials Data
Date (Data in USD Millions) EPS *
2018-03-30 -0.35
2017-12-31 -0.32
2017-09-29 -2.82
2017-06-30 -2.96
2017-03-31 -2.95
2016-12-31 -3.15
2016-09-30 -3.60
2016-07-01 -3.63
2016-04-01 -3.59
2015-12-31 -3.52
2015-09-25 -0.42
2015-06-26 -0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Jason Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Jason Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Jason Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Jason Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Jason Industries's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Jason Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Jason Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Jason Industries's 1-year growth to the US Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Jason Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Jason Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:JASN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-30 640.68 -9.39 104.72
2017-12-31 648.62 -8.26 103.86
2017-09-29 661.85 -71.13 105.35
2017-06-30 676.53 -71.76 105.12
2017-03-31 689.74 -68.85 108.15
2016-12-31 705.52 -70.84 113.80
2016-09-30 720.55 -80.72 111.37
2016-07-01 721.61 -81.07 117.13
2016-04-01 723.50 -79.82 121.38
2015-12-31 708.37 -78.06 120.57
2015-09-25 698.76 -12.09 122.82
2015-06-26 688.75 -17.60 121.00
2015-03-27 691.79 -22.81 115.74
2014-12-31 702.49 -13.43 112.16
2014-09-26 703.43 -11.11 113.86
2013-12-31 680.85 21.68 108.89
2012-12-31 655.02 8.35 98.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Jason Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Jason Industries used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • It is difficult to establish if Jason Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Jason Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Jason Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Jason Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Jason Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Jason Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Jason Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Jason Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Jason Industries Company Filings, last reported 3 months ago.

NasdaqCM:JASN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-30 9.52 401.12 48.61
2017-12-31 5.68 401.93 48.89
2017-09-29 0.50 406.81 51.39
2017-06-30 1.00 419.78 54.92
2017-03-31 -1.34 427.80 41.48
2016-12-31 -3.14 427.17 40.86
2016-09-30 71.77 436.99 39.54
2016-07-01 74.23 436.12 41.33
2016-04-01 82.80 437.27 37.38
2015-12-31 84.99 432.66 35.94
2015-09-25 171.86 444.91 44.44
2015-06-26 175.78 434.70 32.97
2015-03-27 173.05 419.69 54.93
2014-12-31 182.68 420.68 62.28
2014-09-26 193.29 423.69 77.43
2013-12-31 30.47 242.74 16.32
2012-12-31
  • Jason Industries's level of debt (4215.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Jason Industries's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we analyse their runway based on operating expenses, which includes recurring G&A and R&D. Analysis based on the most recent financials.

  • Jason Industries's cash level is insufficient to cover its current level of operating expenses for the upcoming year.
  • Jason Industries's cash level is insufficient to cover its operating expenses for the upcoming year, if it continues to reduce at historical rates of -2.4% each year.
X
Financial health checks
We assess Jason Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Jason Industries has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Jason Industries dividends.
If you bought $2,000 of Jason Industries shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Jason Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Jason Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:JASN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 232 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 5856 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:JASN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Jason Industries has not reported any payouts.
  • Unable to verify if Jason Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Jason Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Jason Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Jason Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Jason Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Jason Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Koby Kobylinski, image provided by Google.
Koby Kobylinski
COMPENSATION $2,667,973
AGE 52
TENURE AS CEO 1.6 years
CEO Bio

Mr. Brian K. Kobylinski, also known as Koby, has been the Chief Executive Officer of Jason Industries, Inc. since December 1, 2016, its President since December 2016 and aslo has been its Chairman since June 27, 2018. Mr. Kobylinski served as the President and Chief Operating Officer at Jason Industries, Inc. from April 13, 2016 to December 1, 2016. Mr. Kobylinski served as an Executive Vice President of Energy Segment & China at Actuant Corporation from January 2013 to December 20, 2013. He served as an Executive Vice President of Energy Segment and China from December 20, 2013 to April 1, 2016 and served as its Vice President of Business Development since 2002. He served as a Vice President of Bolting at Actuant Corporation since 2005. He served as a Global Business Leader of Hydratight and Industrial and Energy Segment Leader at Actuant Corporation. He worked with Fort Howard Corporation and Federated Insurance. He served as an Executive Vice President of Industrial & Energy Segments at Actuant Corporation until January 2013 and served as its Executive Vice President of Industrial Segment. He has been a Director of Jason Industries, Inc. since July 18, 2017. He served as a Director at Actuant Acquisitions Limited since October 9, 2013. He received his MBA from the University of Wisconsin - Madison in 1993 and a BA from St. Norbert College in 1988.

CEO Compensation
  • Koby's compensation has increased whilst company is loss making.
  • Koby's compensation is higher than average for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the Jason Industries management team in years:

1.3
Average Tenure
50
Average Age
  • The average tenure for the Jason Industries management team is less than 2 years, this suggests a new team.
Management Team

Koby Kobylinski

TITLE
Chairman
COMPENSATION
$3M
AGE
52
TENURE
1.6 yrs

Chad Paris

TITLE
Senior VP & CFO
COMPENSATION
$541K
AGE
36
TENURE
0.9 yrs

Srivas Prasad

TITLE
Senior VP & GM of Acoustics
COMPENSATION
$648K
AGE
49
TENURE
4.1 yrs

Keith Walz

TITLE
Senior VP & GM of Finishing
COMPENSATION
$522K
AGE
50
TENURE
0.4 yrs

John Hengel

TITLE
VP of Finance
COMPENSATION
$548K
AGE
59
TENURE
4.1 yrs

Kevin Kuznicki

TITLE
Senior VP
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Jason Industries board of directors in years:

4.1
Average Tenure
66
Average Age
  • The tenure for the Jason Industries board of directors is about average.
Board of Directors

James Heffernan

TITLE
Independent Director
COMPENSATION
$65K
AGE
72
TENURE
4.9 yrs

Koby Kobylinski

TITLE
Chairman
COMPENSATION
$3M
AGE
52
TENURE
0.1 yrs

Ed Hotard

TITLE
Independent Director
COMPENSATION
$65K
AGE
75
TENURE
4.9 yrs

Jim Sullivan

TITLE
Independent Director
COMPENSATION
$65K
AGE
58
TENURE
4.1 yrs

Mitch Quain

TITLE
Lead Independent Director
COMPENSATION
$61K
AGE
66
TENURE
0.6 yrs

Jeff Quinn

TITLE
Director
COMPENSATION
$100K
AGE
59
TENURE
5.2 yrs

John Rutledge

TITLE
Independent Director
COMPENSATION
$58K
AGE
69
TENURE
4.9 yrs

James Hyman

TITLE
Independent Director
COMPENSATION
$61K
AGE
59
TENURE
2.8 yrs

Nelson Obus

TITLE
Director
AGE
71
TENURE
0.1 yrs
Recent Insider Trading
  • More shares have been bought than sold by Jason Industries insiders in the past 3 months.
Who owns this company?
X
Management checks
We assess Jason Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of market cap)? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Jason Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Jason Industries Inc (NASDAQ:JASN): Are Analysts Optimistic?

Jason Industries, Inc., together with its subsidiaries, manufactures and sells finishing products, components, seating products, and acoustics in the United States and internationally. … The US$78.90m market-cap posted a loss in its most recent financial year of -US$8.26m and a latest trailing-twelve-month loss of -US$9.39m leading to an even wider gap between loss and breakeven. … I’ve put together a brief outline of industry analyst expectations for JASN, its year of breakeven and its implied growth rate

Simply Wall St -

Is It The Right Time To Buy Jason Industries Inc (NASDAQ:JASN)?

What’s more interesting is that, Jason Industries’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … However, with an expected decline of -3.29% in revenues over the next year, short term growth isn’t a driver for a buy decision for Jason Industries.

Simply Wall St -

Negative Sentiment Around Jason Industries Inc (NASDAQ:JASN) Is Justified

Two major red flags for JASN are its debt level exceeds equity on its balance sheet, and its cash from its core activities is only enough to cover a mere 7.49% of this large debt amount. … JASN has high near term liquidity, with short term assets (cash and other liquid assets) amply covering upcoming one-year liabilities. … JASN has managed its cash well at a current level of US$48.89M.

Simply Wall St -

What Investors Should Know About Jason Industries Inc's (NASDAQ:JASN) Financial Strength

With this debt payback, JASN currently has US$48.89M remaining in cash and short-term investments , ready to deploy into the business. … Additionally, JASN has produced US$30.09M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 7.49%, meaning that JASN’s current level of operating cash is not high enough to cover debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: JASN’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Why Jason Industries Inc's (NASDAQ:JASN) Ownership Structure Is Important

Although JASN has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … What this means for you: I suggest investors seek some degree of margin of safety due to high institutional ownership in JASN, in particular due to the strong presence of active hedge fund investors. … However, if you are building an investment case for JASN, ownership structure alone should not dictate your decision to buy or sell the stock.

Simply Wall St -

Why You Need To Look At This Factor Before Buying Jason Industries Inc (NASDAQ:JASN)

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … With a market cap of $58.16M, JASN falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … However, this is the opposite to what JASN’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

With 22.1% Earnings Growth Lately, Did Jason Industries Inc (NASDAQ:JASN) Outperform The Industry?

Measuring Jason Industries Inc's (NASDAQ:JASN) track record of past performance is a valuable exercise for investors. … View our latest analysis for Jason Industries Commentary On JASN's Past Performance For the purpose of this commentary, I like to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Jason Industries, the most recent earnings -$70.7M, which, in comparison to the prior year's level, has become less negative.

Simply Wall St -

What does Jason Industries Inc's (JASN) Balance Sheet Tell Us Abouts Its Future?

See our latest analysis for JASN Does JASN generate an acceptable amount of cash through operations? … At its current level of cash flow coverage, JASN has room for improvement to better cushion for events which may require debt repayment. … JASN’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Company Info

Map
Description

Jason Industries, Inc., together with its subsidiaries, manufactures and sells finishing products, components, seating products, and acoustics in the United States and internationally. The company offers finishing products, including industrial brushes, buffing wheels and compounds, and abrasives that are used in a range of industrial and infrastructure applications; and expanded and perforated metal components, slip-resistant walking surfaces, and subassemblies for smart utility meters. It also provides seating solutions to equipment manufacturers in the motorcycle, lawn and turf care, industrial, agricultural, construction, and power sports end markets; and engineered non-woven fiber-based acoustical products for the automotive industry. Jason Industries, Inc. was founded in 1985 and is headquartered in Milwaukee, Wisconsin.

Details
Name: Jason Industries, Inc.
JASN
Exchange: NasdaqCM
Founded: 1985
$68,485,630
27,394,252
Website: http://www.jasoninc.com
Address: Jason Industries, Inc.
833 East Michigan Street,
Suite 900,
Milwaukee,
Wisconsin, 53202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM JASN Common Stock Nasdaq Capital Market US USD 30. Sep 2013
OTCPK JSSN.P 8% PFD CONV A Pink Sheets LLC US USD 02. Nov 2017
Number of employees
Current staff
Staff numbers
4,300
Jason Industries employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/17 22:14
End of day share price update: 2018/07/17 00:00
Last estimates confirmation: 2018/05/15
Last earnings update: 2018/03/30
Last annual earnings update: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.