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 Analysis

Solid track record with mediocre balance sheet.


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

Stable Share Price: JBT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.1%

JBT

0.1%

US Machinery

-1.1%

US Market


1 Year Return

27.3%

JBT

9.8%

US Machinery

17.9%

US Market

Return vs Industry: JBT exceeded the US Machinery industry which returned 9.8% over the past year.

Return vs Market: JBT exceeded the US Market which returned 17.9% over the past year.


Shareholder returns

JBTIndustryMarket
7 Day-1.1%0.1%-1.1%
30 Day-1.0%1.0%1.4%
90 Day2.6%1.1%6.9%
1 Year27.8%27.3%11.8%9.8%20.3%17.9%
3 Year33.0%31.5%38.6%29.8%47.8%38.3%
5 Year232.8%223.5%64.5%45.0%71.9%53.0%

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?

27.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JBT ($111.8) is trading above our estimate of fair value ($105.5)

Significantly Below Fair Value: 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 (27.6x) compared to the Machinery industry average (21.6x).

PE vs Market: JBT is poor value based on its PE Ratio (27.6x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: JBT is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: JBT is overvalued based on its PB Ratio (6.3x) 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 10 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JBT's forecast earnings growth (13.7% per year) is above the savings rate (1.7%).

Earnings vs Market: JBT's earnings (13.7% per year) are forecast to grow slower than the US market (14.1% per year).

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

Revenue vs Market: JBT's revenue (3.4% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: JBT's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: JBT's Return on Equity is forecast to be high in 3 years time (22.4%)


Next Steps

Past Performance

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

22.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JBT has high quality earnings.

Growing Profit Margin: JBT's current net profit margins (6.6%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: JBT's earnings have grown significantly by 22.9% per year over the past 5 years.

Accelerating Growth: JBT's earnings growth over the past year (23.9%) exceeds its 5-year average (22.9% per year).

Earnings vs Industry: JBT earnings growth over the past year (23.9%) exceeded the Machinery industry 0.9%.


Return on Equity

High ROE: Whilst JBT's Return on Equity (22.7%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is John Bean Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: JBT's short term assets ($708.2M) exceed its short term liabilities ($474.5M).

Long Term Liabilities: JBT's short term assets ($708.2M) do not cover its long term liabilities ($870.9M).


Debt to Equity History and Analysis

Debt Level: JBT's debt to equity ratio (116.9%) is considered high.

Reducing Debt: JBT's debt to equity ratio has reduced from 149.3% to 116.9% over the past 5 years.

Debt Coverage: JBT's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: JBT's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: JBT's debt is covered by short term assets (assets are 1.1x debt).


Next Steps

Dividend

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

0.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JBT's dividend (0.36%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: JBT's dividend (0.36%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

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

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

3.0yrs

Average management tenure


CEO

Tom Giacomini (53yo)

6.4yrs

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 ($USD4.85M) is about average for companies of similar size in the US market ($USD4.87M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Giacomini
Chairman of the Board6.4yrsUS$4.85m0.79% $28.1m
Brian Deck
Executive VP & CFO6yrsUS$1.44m0.17% $6.1m
David Burdakin
Executive VP & President of JBT AeroTech5.8yrsUS$1.15m0.13% $4.6m
Carlos Carbó Fernández
Executive VP & President of Liquid Foods2.5yrsUS$888.09k0.061% $2.2m
Paul Sternlieb
Executive VP & President of Protein2.3yrsUS$1.13m0.030% $1.0m
Jessi Corcoran
Chief Accounting Officer & Assistant Corporate Controller1.5yrsno data0.0013% $44.6k
Megan Rattigan
Vice President of Investor Relations & Controller1.1yrsno datano data
James Marvin
Executive VP5.8yrsUS$879.25k0.058% $2.0m
Jason Clayton
Executive Vice President of Human Resources3.4yrsno data0.016% $568.6k
Bryant Lowery
Executive VP & Chief Procurement Officer1.3yrsno data0.010% $364.3k

3.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: JBT's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Giacomini
Chairman of the Board6.4yrsUS$4.85m0.79% $28.1m
Alan Feldman
Independent Director11.7yrsUS$214.95k0.18% $6.3m
James Ringler
Independent Director11.7yrsUS$196.62k0.16% $5.6m
Polly Kawalek
Independent Director11.7yrsUS$214.99k0.22% $7.8m
James Goodwin
Lead Independent Director6.8yrsUS$223.28k0.16% $5.6m
Caroline Devine
Independent Director11.7yrsUS$206.62k0.16% $5.6m
Barbara Brasier
Director0.8yrsno data0.0034% $120.7k
Emmanuel Lagarrigue
Director0.8yrsno data0.0057% $201.1k

9.2yrs

Average Tenure

66yo

Average Age

Experienced Board: JBT's board of directors are considered experienced (9.2 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.


Ownership Breakdown

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


Top Shareholders

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$3.540b
  • Shares outstanding: 31.67m
  • 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 AeroTech segments. It provides chilling, mixing/grinding, injecting, marinating, tumbling, portioning, packaging, coating, frying, freezing, weighing, X-ray food inspection, and packaging systems for poultry, beef, pork, and seafood, as well as ready-to-eat meals, fruits, vegetables, dairy, and bakery products; solutions to extract, concentrate, and aseptically process citrus, tomato and other fruits, vegetables, and juices; and solutions for the filling, closing, and preservation of fruits, vegetables, soups, sauces, and dairy and pet food products, as well as ready-to-eat meals. The company also offers automated guided vehicle systems for material handling in the manufacturing and warehouse industries; packaging material components, such as metal clips and hanging loops; labeling systems; and aftermarket products, parts, and services. In addition, it provides mobile air transportation equipment, such as commercial and military cargo loading, aircraft deicing, aircraft towing, and aircraft ground power and cooling systems; and airport gate equipment for passenger boarding. Further, the company offers airport equipment, systems, and facilities maintenance services to domestic and international airport authorities, passenger airlines, airfreight and ground handling companies, military forces, and defense contractors. It provides its products under the DSI, Stein, THERMoFIN, GYRoCOMPACT, JSO Jet Stream, Double D, Revoband, FLoFREEZE, ADVANTEC, SuperTRAK, and READYGo trademarks; and Frigoscandia brand. The company markets and sells its products and solutions through direct sales force, independent distributors, and sales representatives in the United States and internationally. John Bean Technologies Corporation is headquartered in Chicago, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:23
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.