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John Bean Technologies

NYSE:JBT
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JBT
NYSE
$4B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

John Bean Technologies Corporation provides technology solutions to food and beverage industry and equipment and services to air transportation industries. The last earnings update was 80 days ago. More info.


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JBT Share Price and Events
7 Day Returns
-1.9%
NYSE:JBT
-0.1%
US Machinery
-0.3%
US Market
1 Year Returns
26.1%
NYSE:JBT
2.8%
US Machinery
3.9%
US Market
JBT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
John Bean Technologies (JBT) -1.9% 4.4% 17.5% 26.1% 80.8% 344%
US Machinery -0.1% 0.9% -3.8% 2.8% 44.9% 27.9%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • JBT outperformed the Machinery industry which returned 2.8% over the past year.
  • JBT outperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
JBT
Industry
5yr Volatility vs Market

Value

 Is John Bean Technologies 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 John Bean Technologies 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 John Bean Technologies.

NYSE:JBT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:JBT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 21%) (12.5%))
1.126
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.126 * 5.96%)
9.44%

Discounted Cash Flow Calculation for NYSE:JBT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for John Bean Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:JBT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.44%)
2020 130.50 Analyst x2 119.24
2021 156.14 Est @ 19.65% 130.37
2022 178.90 Est @ 14.57% 136.48
2023 198.61 Est @ 11.02% 138.45
2024 215.56 Est @ 8.53% 137.30
2025 230.20 Est @ 6.79% 133.98
2026 243.03 Est @ 5.57% 129.25
2027 254.51 Est @ 4.72% 123.67
2028 265.00 Est @ 4.12% 117.66
2029 274.82 Est @ 3.71% 111.50
Present value of next 10 years cash flows $1,277.90
NYSE:JBT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $274.82 × (1 + 2.73%) ÷ (9.44% – 2.73%)
$4,207.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,207.10 ÷ (1 + 9.44%)10
$1,706.85
NYSE:JBT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,277.90 + $1,706.85
$2,984.75
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,984.75 / 31.63
$94.36
NYSE:JBT Discount to Share Price
Calculation Result
Value per share (USD) From above. $94.36
Current discount Discount to share price of $121.83
= -1 x ($121.83 - $94.36) / $94.36
-29.1%

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

  • The current share price of John Bean Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 John Bean Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are John Bean Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:JBT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.84
NYSE:JBT Share Price ** NYSE (2019-07-19) in USD $121.83
United States of America Machinery Industry PE Ratio Median Figure of 98 Publicly-Listed Machinery Companies 20.94x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

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

** Primary Listing of John Bean Technologies.

NYSE:JBT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:JBT Share Price ÷ EPS (both in USD)

= 121.83 ÷ 3.84

31.7x

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

  • John Bean Technologies is overvalued based on earnings compared to the US Machinery industry average.
  • John Bean Technologies is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does John Bean Technologies's expected growth come at a high price?
Raw Data
NYSE:JBT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
16.5%per year
United States of America Machinery Industry PEG Ratio Median Figure of 79 Publicly-Listed Machinery Companies 1.53x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:JBT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.7x ÷ 16.5%

1.92x

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

  • John Bean Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on John Bean Technologies's assets?
Raw Data
NYSE:JBT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $15.11
NYSE:JBT Share Price * NYSE (2019-07-19) in USD $121.83
United States of America Machinery Industry PB Ratio Median Figure of 126 Publicly-Listed Machinery Companies 2.25x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NYSE:JBT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:JBT Share Price ÷ Book Value per Share (both in USD)

= 121.83 ÷ 15.11

8.06x

* Primary Listing of John Bean Technologies.

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

  • John Bean Technologies is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess John Bean Technologies'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. John Bean Technologies has a total score of 0/6, 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 John Bean Technologies expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is John Bean Technologies expected to grow at an attractive rate?
  • John Bean Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • John Bean Technologies's earnings growth is expected to exceed the United States of America market average.
  • John Bean Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:JBT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:JBT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 16.5%
NYSE:JBT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.7%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.5%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:JBT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:JBT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,149 185 159 5
2019-12-31 2,003 138 131 5
NYSE:JBT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,928 161 123
2018-12-31 1,920 154 104
2018-09-30 1,866 63 81
2018-06-30 1,805 118 81
2018-03-31 1,700 76 66
2017-12-31 1,635 105 82
2017-09-30 1,556 109 86
2017-06-30 1,485 68 80
2017-03-31 1,428 91 80
2016-12-31 1,351 67 68
2016-09-30 1,300 91 66
2016-06-30 1,224 73 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • John Bean Technologies's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
  • John Bean Technologies's revenue is expected to grow by 6.7% 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
NYSE:JBT 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 5 Analyst Estimates (S&P Global) See Below

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

NYSE:JBT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 5.14 5.47 4.85 3.00
2019-12-31 4.03 4.23 3.90 3.00
NYSE:JBT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.84
2018-12-31 3.27
2018-09-30 2.55
2018-06-30 2.55
2018-03-31 2.07
2017-12-31 2.61
2017-09-30 2.78
2017-06-30 2.65
2017-03-31 2.72
2016-12-31 2.31
2016-09-30 2.23
2016-06-30 1.96

*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 John Bean Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess John Bean Technologies'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.
John Bean Technologies has a total score of 2/6, 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 John Bean Technologies 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 John Bean Technologies'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.
  • John Bean Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • John Bean Technologies's 1-year earnings growth exceeds its 5-year average (85.3% vs 24.7%)
  • John Bean Technologies's earnings growth has exceeded the US Machinery industry average in the past year (85.3% vs 33.5%).
Earnings and Revenue History
John Bean Technologies'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 John Bean Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:JBT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,928.00 122.50 354.70
2018-12-31 1,919.70 104.40 347.70
2018-09-30 1,866.10 81.30 348.10 -6.80
2018-06-30 1,805.00 81.30 342.80 -5.60
2018-03-31 1,699.80 66.10 337.60 -6.30
2017-12-31 1,635.10 82.10 323.20
2017-09-30 1,556.40 85.70 289.50 25.50
2017-06-30 1,485.20 79.90 272.30 24.90
2017-03-31 1,427.90 80.40 253.60 24.40
2016-12-31 1,350.50 68.00 265.00
2016-09-30 1,299.90 65.50 233.30 22.90
2016-06-30 1,223.60 57.60 224.90 21.60
2016-03-31 1,149.40 53.20 213.50 20.00
2015-12-31 1,107.30 56.00 207.00 18.20
2015-09-30 1,048.30 50.20 184.50 17.00
2015-06-30 1,018.20 46.50 179.90 15.40
2015-03-31 1,011.20 43.50 178.20 14.80
2014-12-31 984.20 30.80 183.30 14.60
2014-09-30 976.90 29.40 174.20 14.00
2014-06-30 967.20 27.80 168.70 14.30
2014-03-31 946.50 25.20 164.30 14.30
2013-12-31 934.20 34.00 163.90 14.00
2013-09-30 939.00 39.30 161.40 14.40
2013-06-30 910.80 38.10 161.30 14.00
2013-03-31 898.30 37.20 158.50 13.60
2012-12-31 917.30 37.10 156.60 14.30
2012-09-30 895.90 25.50 154.20 14.70

*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.
  • John Bean Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • John Bean Technologies used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • John Bean Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess John Bean Technologies'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.
John Bean Technologies has a total score of 6/6, 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 John Bean Technologies'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 John Bean Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • John Bean Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • John Bean Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of John Bean Technologies'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 covered by short term assets, assets are 1.4x 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 John Bean Technologies Company Filings, last reported 3 months ago.

NYSE:JBT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 476.40 448.20 43.90
2018-12-31 456.90 387.60 43.00
2018-09-30 432.40 486.20 38.50
2018-06-30 410.60 437.30 36.30
2018-03-31 419.00 416.30 30.60
2017-12-31 441.90 383.20 34.00
2017-09-30 430.30 404.00 38.40
2017-06-30 402.70 399.50 26.30
2017-03-31 376.30 380.40 42.90
2016-12-31 179.90 498.70 33.20
2016-09-30 169.10 310.90 47.90
2016-06-30 148.40 319.80 35.10
2016-03-31 137.80 304.50 36.00
2015-12-31 129.70 282.80 37.20
2015-09-30 121.70 236.10 37.90
2015-06-30 124.30 157.50 19.90
2015-03-31 104.40 155.30 19.80
2014-12-31 119.20 178.00 33.30
2014-09-30 151.80 127.30 23.30
2014-06-30 158.10 141.20 63.70
2014-03-31 148.00 83.40 19.10
2013-12-31 154.40 100.40 29.40
2013-09-30 118.80 108.50 35.60
2013-06-30 108.60 104.60 21.00
2013-03-31 105.90 101.80 15.30
2012-12-31 105.60 191.10 99.00
2012-09-30 96.50 176.80 84.40
  • John Bean Technologies's level of debt (94.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.7% vs 94.1% today).
  • Debt is well covered by operating cash flow (35.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.7x coverage).
X
Financial health checks
We assess John Bean Technologies'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. John Bean Technologies has a total score of 4/6, 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 John Bean Technologies'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
0.33%
Current annual income from John Bean Technologies dividends. Estimated to be 0.34% next year.
If you bought $2,000 of John Bean Technologies shares you are expected to receive $7 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?
  • John Bean Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • John Bean Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
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
NYSE:JBT 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 5 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:JBT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.42 3.00
2019-12-31 0.41 3.00
NYSE:JBT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.400 0.351
2019-02-25 0.400 0.410
2018-12-06 0.400 0.522
2018-08-10 0.400 0.393
2018-05-14 0.400 0.426
2018-02-23 0.400 0.367
2017-12-07 0.400 0.355
2017-08-11 0.400 0.397
2017-08-01 0.400 0.442
2017-07-31 0.400 0.437
2017-02-17 0.400 0.449
2016-12-01 0.400 0.467
2016-08-23 0.400 0.538
2016-05-16 0.400 0.631
2016-02-22 0.400 0.729
2015-12-03 0.400 0.876
2015-08-14 0.360 0.900
2015-07-30 0.360 0.984
2015-02-26 0.360 0.993
2014-12-04 0.360 1.118
2014-08-18 0.360 1.218
2014-05-15 0.360 1.245
2014-02-26 0.360 1.195
2013-12-04 0.360 1.210
2013-08-16 0.360 1.408
2013-05-16 0.360 1.610
2013-02-26 0.280 1.382
2012-11-16 0.280 1.589
2012-08-22 0.280 1.743
2012-05-17 0.280 1.971
2012-02-28 0.280 1.761
2011-11-11 0.280 1.716
2011-08-11 0.280 1.857
2011-05-05 0.280 1.532
2011-02-23 0.280 1.475
2010-11-10 0.280 1.474
2010-08-12 0.280 1.712
2010-05-06 0.280 1.723
2010-02-24 0.280 1.549
2009-11-11 0.280 1.654
2009-08-13 0.280 1.585
2009-05-08 0.280 2.050
2009-02-24 0.280 2.666
2008-10-22 0.280 3.153
2008-08-14 0.280 2.348
2008-07-28 0.280 2.275

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

  • John Bean Technologies is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • John Bean Technologies is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of John Bean Technologies's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of John Bean Technologies's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of John Bean Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess John Bean Technologies'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 John Bean Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. John Bean Technologies 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 John Bean Technologies'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
Tom Giacomini
COMPENSATION $4,854,359
AGE 53
TENURE AS CEO 5.8 years
CEO Bio

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. Mr. Giacomini served as the Chief Executive Officer and President of Engineered Systems at Dover Corp. from November 2011 to August 2013. He served as a Vice President of Dover Corporation since February 2008 and served as President and Chief Executive Officer since November 2011 of Dover Engineered Systems. He served as Chief Executive Officer of Dover Refrigeration & Food Equipment, Inc. since July 10, 2009 and served as its President since April 2009. He served as President of Products & Material Handling Platform for Dover Corp. since October 2007. He joined Dover Corporation in 2003 following its acquisition of Warn Industries, an industrial manufacturer specializing in vehicle performance enhancing equipment. He served as President from April 2009 to November 2011 and Chief Executive Officer from July 2009 to November 2011 at Dover Industrial Products and President of Dover’s Material Handling Platform from October 2007 to July 2009. During his 12 year tenure at Warn Industries he held a variety of leadership roles including President and Chief Operating Officer. He worked at TRW, Inc. He served as President of Warn Industries, Inc. since July 1, 2005 and also served as its Chief Executive Officer. He has over 20 years of experience in industrial manufacturing. He has held a variety of senior leadership positions at Dover Corporation and Warn Industries, Inc., and led a diversified portfolio of 14 industrial businesses and operations in the U.S., Europe, China, Brazil and India. He has demonstrated success in leading innovative, customer-focused technology initiatives, driving strong recurring sales, overseeing strategic expansion in emerging markets and delivering significant margin expansion. He also has a proven track record of achieving above market growth through value creating acquisitions in the U.S., Europe and China. He served as Chief Operating Officer of Warn Industries, Inc. from 2000 to July 2005. He began his career with Warn Industries in 1993 when he established its Technical Center in Livonia, Mich. In 2000, he moved to the corporate Headquarters in Clackamas, Ore. He has been a Director of John Bean Technologies Corporation since September 09, 2013 and MSA Safety Incorporated since June 4, 2017. He served as a Director of Warn Industries, Inc. He served as a Director of CLARCOR Inc. from August 10, 2015 to February 28, 2017. He holds an MBA from Northwestern’s Kellogg School of Management and a Bachelor’s degree in Mechanical Engineering from University of Michigan.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the John Bean Technologies management team in years:

2.4
Average Tenure
49.5
Average Age
  • The tenure for the John Bean Technologies management team is about average.
Management Team

Tom Giacomini

TITLE
Chairman of the Board
COMPENSATION
$5M
AGE
53
TENURE
5.8 yrs

Brian Deck

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
50
TENURE
5.4 yrs

Dave Burdakin

TITLE
Executive VP & President of JBT AeroTech
COMPENSATION
$1M
AGE
63
TENURE
5.2 yrs

Carlos Fernández

TITLE
Executive VP & President of Liquid Foods
COMPENSATION
$888K
AGE
49
TENURE
1.9 yrs

Paul Sternlieb

TITLE
Executive VP & President of Protein
COMPENSATION
$1M
AGE
46
TENURE
1.8 yrs

Jessi Corcoran

TITLE
Chief Accounting Officer & Assistant Corporate Controller
AGE
35
TENURE
0.9 yrs

Megan Rattigan

TITLE
Vice President of Investor Relations & Controller
AGE
50
TENURE
0.5 yrs

James Marvin

TITLE
Executive VP
COMPENSATION
$879K
AGE
58
TENURE
5.2 yrs

Jason Clayton

TITLE
Executive Vice President of Human Resources
AGE
42
TENURE
2.8 yrs

Bryant Lowery

TITLE
Executive VP & Chief Procurement Officer
AGE
47
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the John Bean Technologies board of directors in years:

8.6
Average Tenure
66
Average Age
  • The tenure for the John Bean Technologies board of directors is about average.
Board of Directors

Tom Giacomini

TITLE
Chairman of the Board
COMPENSATION
$5M
AGE
53
TENURE
5.2 yrs

Alan Feldman

TITLE
Director
COMPENSATION
$215K
AGE
68
TENURE
11.1 yrs

Caroline Devine

TITLE
Director
COMPENSATION
$207K
AGE
68
TENURE
11.1 yrs

Polly Kawalek

TITLE
Director
COMPENSATION
$215K
AGE
64
TENURE
11.1 yrs

James Goodwin

TITLE
Lead Independent Director
COMPENSATION
$223K
AGE
75
TENURE
6.2 yrs

Jim Ringler

TITLE
Director
COMPENSATION
$197K
AGE
74
TENURE
11.1 yrs

Barb Brasier

TITLE
Director
AGE
60
TENURE
0.3 yrs

Emmanuel Lagarrigue

TITLE
Director
AGE
49
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Nov 18 Sell Carlos Fernández Individual 28. Nov 18 28. Nov 18 -1,000 $80.56 $-80,560
X
Management checks
We assess John Bean Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. John Bean Technologies 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

Simply Wall St News

What You Must Know About John Bean Technologies Corporation's (NYSE:JBT) Beta Value

If you're interested in John Bean Technologies Corporation (NYSE:JBT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … View our latest analysis for John Bean Technologies What JBT's beta value tells investors Given that it has a beta of 1.46, we can surmise that the John Bean Technologies share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

Does John Bean Technologies Corporation's (NYSE:JBT) Debt Level Pose A Problem?

View our latest analysis for John Bean Technologies JBT’s Debt (And Cash Flows) JBT has built up its total debt levels in the last twelve months, from US$416m to US$482m – this includes long-term debt. … With this rise in debt, the current cash and short-term investment levels stands at US$44m , ready to be used for running the business. … Moreover, JBT has produced US$161m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 33%, indicating that JBT’s operating cash is sufficient to cover its debt.

Simply Wall St -

Here's What John Bean Technologies Corporation's (NYSE:JBT) P/E Is Telling Us

Looking at earnings over the last twelve months, John Bean Technologies has a P/E ratio of 26.68. … View our latest analysis for John Bean Technologies How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for John Bean Technologies: P/E of 26.68 = $102.55 ÷ $3.84 (Based on the year to March 2019.) Is A High P/E Ratio Good?

Simply Wall St -

Does This Valuation Of John Bean Technologies Corporation (NYSE:JBT) Imply Investors Are Overpaying?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of John Bean Technologies Corporation (NYSE:JBT) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $101.50 $129.00 $151.56 $171.35 $188.42 $203.10 $215.84 $227.09 $237.23 $246.59 Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 17.49% Est @ 13.06% Est @ 9.96% Est @ 7.79% Est @ 6.27% Est @ 5.21% Est @ 4.47% Est @ 3.95% Present Value ($, Millions) Discounted @ 9.38% $92.79 $107.81 $115.80 $119.69 $120.32 $118.57 $115.20 $110.80 $105.82 $100.56 Present Value of 10-year Cash Flow (PVCF)= $1.11b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage.

Simply Wall St -

Announcing: John Bean Technologies (NYSE:JBT) Stock Increased An Energizing 281% In The Last Five Years

One great example is John Bean Technologies Corporation (NYSE:JBT) which saw its share price drive 281% higher over five years. … Over half a decade, John Bean Technologies managed to grow its earnings per share at 35% a year. … A Different Perspective It's good to see that John Bean Technologies has rewarded shareholders with a total shareholder return of 28% in the last twelve months.

Simply Wall St -

Does John Bean Technologies (NYSE:JBT) Deserve A Spot On Your Watchlist?

In contrast to all that, I prefer to spend time on companies like John Bean Technologies (NYSE:JBT), which has not only revenues, but also profits. … How Quickly Is John Bean Technologies Increasing Earnings Per Share. … John Bean Technologies shareholders can take confidence from the fact that EBIT margins are up from 8.6% to 11%, and revenue is growing.

Simply Wall St -

John Bean Technologies Corporation (NYSE:JBT): Immense Growth Potential?

Help shape the future of investing tools and you could win a $250 gift card! … John Bean Technologies Corporation's (NYSE:JBT) latest earnings announcement in December 2018a

Simply Wall St -

Need To Know: John Bean Technologies Corporation (NYSE:JBT) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in John Bean Technologies Corporation (NYSE:JBT). … The Last 12 Months Of Insider Transactions At John Bean Technologies. … Overall, John Bean Technologies insiders were net buyers last year

Simply Wall St -

John Bean Technologies Corporation (NYSE:JBT): Time For A Financial Health Check

While small-cap stocks, such as John Bean Technologies Corporation (NYSE:JBT) with its market cap of US$3.2b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Is There Now An Opportunity In John Bean Technologies Corporation (NYSE:JBT)?

John Bean Technologies Corporation (NYSE:JBT), which is in the machinery business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at John Bean Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Company Info

Description

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.

Details
Name: John Bean Technologies Corporation
JBT
Exchange: NYSE
Founded:
$3,853,473,397
31,629,922
Website: http://www.jbtc.com
Address: John Bean Technologies Corporation
70 West Madison Street,
Suite 4400,
Chicago,
Illinois, 60602,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE JBT Common Stock New York Stock Exchange US USD 18. Jul 2008
DB JBT Common Stock Deutsche Boerse AG DE EUR 18. Jul 2008
Number of employees
Current staff
Staff numbers
5,800
John Bean Technologies employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 00:13
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.