NYSE:JBT

Stock Analysis Report

Executive Summary

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries.

Snowflake

Fundamentals

Moderate growth potential with acceptable track record.


Similar Companies

Share Price & News

How has John Bean Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.1%

JBT

2.5%

US Machinery

0.4%

US Market


1 Year Return

0.9%

JBT

8.5%

US Machinery

6.9%

US Market

Return vs Industry: JBT underperformed the US Machinery industry which returned 8.5% over the past year.

Return vs Market: JBT underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

JBTIndustryMarket
7 Day2.1%2.5%0.4%
30 Day0.7%0.9%-1.1%
90 Day-14.5%-0.4%-0.5%
1 Year1.4%0.9%10.8%8.5%9.3%6.9%
3 Year39.3%37.6%49.9%40.2%45.8%36.4%
5 Year275.2%264.0%57.6%38.3%62.9%45.1%

Price Volatility Vs. Market

How volatile is John Bean Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is John Bean Technologies undervalued compared to its fair value and its price relative to the market?

26.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: JBT ($103.66) is trading above our estimate of fair value ($61.74)

Significantly Undervalued: JBT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JBT is poor value based on its PE Ratio (26.9x) compared to the Machinery industry average (20.1x).

PE vs Market: JBT is poor value based on its PE Ratio (26.9x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: JBT is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: JBT is overvalued based on its PB Ratio (6.6x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is John Bean Technologies forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JBT's forecast earnings growth (19.6% per year) is above the savings rate (2.7%).

Earnings vs Market: JBT's earnings (19.6% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: JBT's earnings are forecast to grow, but not significantly.

Revenue vs Market: JBT's revenue (5.2% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: JBT's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: JBT's Return on Equity is forecast to be high in 3 years time (25.3%)


Next Steps

Past Performance

How has John Bean Technologies performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: JBT's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: JBT's earnings growth over the past year (51.3%) exceeds its 5-year average (24.3% per year).

Earnings vs Industry: JBT earnings growth over the past year (51.3%) exceeded the Machinery industry 17.5%.


Return on Equity

High ROE: Whilst JBT's Return on Equity (24.6%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: JBT's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: JBT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is John Bean Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: JBT's short term assets ($715.4M) exceeds its short term liabilities ($484.0M)

Long Term Liabilities: JBT's short term assets (715.4M) do not cover its long term liabilities (928.3M)


Debt to Equity History and Analysis

Debt Level: JBT's debt to equity ratio (154.9%) is considered high

Reducing Debt: JBT's debt to equity ratio has increased from 89.3% to 154.9% over the past 5 years.

Debt Coverage: JBT's debt is not well covered by operating cash flow (19.7%).

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


Balance Sheet

Inventory Level: JBT has a high level of physical assets or inventory.

Debt Coverage by Assets: JBT's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is John Bean Technologies's current dividend yield, its reliability and sustainability?

0.39%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years0.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: JBT's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: JBT's dividend (0.39%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: JBT is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: JBT is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: JBT is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of John Bean Technologies's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Tom Giacomini (53yo)

6.1yrs

Tenure

US$4,854,359

Compensation

Mr. Thomas W. Giacomini, also known as Tom, has been the Chief Executive Officer and President at John Bean Technologies Corporation since September 09, 2013 and has been its Chairman since May 20, 2014. M ...


CEO Compensation Analysis

Compensation vs. Market: Tom's total compensation ($USD4.85M) is about average for companies of similar size in the US market ($USD5.11M).

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


Management Age and Tenure

2.6yrs

Average Tenure

49.5yo

Average Age

Experienced Management: JBT's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

8.9yrs

Average Tenure

66yo

Average Age

Experienced Board: JBT's board of directors are considered experienced (8.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$80,56030 Nov 18
Carlos Carbó Fernández
EntityIndividual
Role
Senior Key Executive
Executive VP & President of Liquid Foods
Shares1,000
Max PriceUS$80.56

Ownership Breakdown


Management Team

  • Dave Burdakin (63yo)

    Executive VP & President of JBT AeroTech

    • Tenure: 5.4yrs
    • Compensation: US$1.15m
  • Tom Giacomini (53yo)

    Chairman of the Board

    • Tenure: 6.1yrs
    • Compensation: US$4.85m
  • Carlos Carbó Fernández (49yo)

    Executive VP & President of Liquid Foods

    • Tenure: 2.2yrs
    • Compensation: US$888.09k
  • James Marvin (58yo)

    Executive VP

    • Tenure: 5.4yrs
    • Compensation: US$879.25k
  • Paul Sternlieb (46yo)

    Executive VP & President of Protein

    • Tenure: 2yrs
    • Compensation: US$1.13m
  • Megan Rattigan (50yo)

    Vice President of Investor Relations & Controller

    • Tenure: 0.8yrs
  • Brian Deck (50yo)

    Executive VP & CFO

    • Tenure: 5.7yrs
    • Compensation: US$1.44m
  • Jason Clayton (42yo)

    Executive Vice President of Human Resources

    • Tenure: 3.1yrs
  • Jessi Corcoran (35yo)

    Chief Accounting Officer & Assistant Corporate Controller

    • Tenure: 1.2yrs
  • Bryant Lowery (47yo)

    Executive VP & Chief Procurement Officer

    • Tenure: 0.9yrs

Board Members

  • Alan Feldman (68yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$214.95k
  • Jim Ringler (74yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$196.62k
  • Polly Kawalek (64yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$214.99k
  • James Goodwin (75yo)

    Lead Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$223.28k
  • Caroline Devine (68yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$206.62k
  • Tom Giacomini (53yo)

    Chairman of the Board

    • Tenure: 6.1yrs
    • Compensation: US$4.85m
  • Barb Brasier (60yo)

    Director

    • Tenure: 0.5yrs
  • Emmanuel Lagarrigue (49yo)

    Director

    • Tenure: 0.5yrs

Company Information

John Bean Technologies Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: John Bean Technologies Corporation
  • Ticker: JBT
  • Exchange: NYSE
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$3.282b
  • Shares outstanding: 31.66m
  • Website: https://www.jbtc.com

Number of Employees


Location

  • John Bean Technologies Corporation
  • 70 West Madison Street
  • Suite 4400
  • Chicago
  • Illinois
  • 60602
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JBTNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2008
JBTDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2008

Biography

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The company operates through JBT FoodTech and JBT ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 00:13
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.