Johnson Outdoors
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Johnson Outdoors Inc. designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The last earnings update was 45 days ago. More info.
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JOUT Share Price and Events
7 Day Returns
1 Year Returns
JOUT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Johnson Outdoors (JOUT) | 4% | -2% | 13.9% | -1% | 205.3% | 208.8% |
| US Leisure | 3.8% | 5.5% | 2.6% | -15.3% | -13% | -8.9% |
| US Market | 0.3% | 0.4% | 0.6% | 0.7% | 37.2% | 37.4% |
1 Year Return vs Industry and Market
- JOUT outperformed the Leisure industry which returned -15.3% over the past year.
- JOUT underperformed the Market in United States of America which returned 0.7% over the past year.
Value
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
Johnson Outdoors
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Johnson Outdoors.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Leisure Unlevered Beta | Simply Wall St/ S&P Global | 0.95 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.95 (1 + (1- 21%) (0%)) |
0.967 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.967 * 5.96%) |
8.49% |
Discounted Cash Flow Calculation for NasdaqGS:JOUT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Johnson Outdoors 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.49%) |
|
|---|---|---|---|
| 2019 | 45.26 | Analyst x2 | 41.72 |
| 2020 | 51.69 | Analyst x2 | 43.92 |
| 2021 | 56.91 | Est @ 10.09% | 44.56 |
| 2022 | 61.39 | Est @ 7.88% | 44.31 |
| 2023 | 65.28 | Est @ 6.33% | 43.43 |
| 2024 | 68.71 | Est @ 5.25% | 42.14 |
| 2025 | 71.80 | Est @ 4.5% | 40.58 |
| 2026 | 74.64 | Est @ 3.97% | 38.89 |
| 2027 | 77.33 | Est @ 3.6% | 37.14 |
| 2028 | 79.91 | Est @ 3.34% | 35.37 |
| Present value of next 10 years cash flows | $412.06 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $79.91 × (1 + 2.73%) ÷ (8.49% – 2.73%) |
$1,424.94 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,424.94 ÷ (1 + 8.49%)10 |
$630.76 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $412.06 + $630.76 |
$1,042.82 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,042.82 / 9.97 |
$104.54 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $104.54 |
| Current discount | Discount to share price of
$79.38
= -1 x ($79.38 - $104.54) / $104.54 |
24.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Johnson Outdoors's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Johnson Outdoors's share price is below the future cash flow value, but not 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 Johnson Outdoors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Johnson Outdoors's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-29) in USD | $4.44 |
| NasdaqGS:JOUT Share Price ** | NasdaqGS (2019-06-17) in USD | $79.38 |
| United States of America Leisure Industry PE Ratio | Median Figure of 15 Publicly-Listed Leisure Companies | 18.85x |
| United States of America Market PE Ratio | Median Figure of 3,093 Publicly-Listed Companies | 17.68x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Johnson Outdoors.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:JOUT Share Price ÷ EPS (both in USD) = 79.38 ÷ 4.44 |
17.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Johnson Outdoors is good value based on earnings compared to the US Leisure industry average.
- Johnson Outdoors is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Johnson Outdoors's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.88x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
10.5%per year |
| United States of America Leisure Industry PEG Ratio | Median Figure of 12 Publicly-Listed Leisure Companies | 1.69x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.52x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.88x ÷ 10.5% |
1.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Johnson Outdoors is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Johnson Outdoors's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-29) in USD | $30.15 |
| NasdaqGS:JOUT Share Price * | NasdaqGS (2019-06-17) in USD | $79.38 |
| United States of America Leisure Industry PB Ratio | Median Figure of 25 Publicly-Listed Leisure Companies | 2.47x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:JOUT Share Price ÷ Book Value per Share (both in USD) = 79.38 ÷ 30.15 |
2.63x |
* Primary Listing of Johnson Outdoors.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Johnson Outdoors is overvalued based on assets compared to the US Leisure industry average.
Value checks
We assess Johnson Outdoors's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check) Johnson Outdoors 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
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!
Earnings growth vs Low Risk Savings
- Johnson Outdoors's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Johnson Outdoors's earnings growth is positive but not above the United States of America market average.
- Johnson Outdoors's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:JOUT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 10.5% |
| NasdaqGS:JOUT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 3.8% |
| United States of America Leisure Industry Earnings Growth Rate | Market Cap Weighted Average | 30.2% |
| United States of America Leisure Industry Revenue Growth Rate | Market Cap Weighted Average | 4.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-09-30 | 576 | 67 | 52 | 2 |
| 2019-09-30 | 556 | 63 | 48 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-29 | 544 | 41 | 44 |
| 2018-12-28 | 532 | 48 | 44 |
| 2018-09-28 | 544 | 63 | 41 |
| 2018-06-29 | 545 | 57 | 46 |
| 2018-03-30 | 529 | 45 | 39 |
| 2017-12-29 | 513 | 57 | 31 |
| 2017-09-29 | 491 | 46 | 35 |
| 2017-06-30 | 474 | 42 | 32 |
| 2017-03-31 | 458 | 33 | 23 |
| 2016-12-30 | 442 | 43 | 18 |
| 2016-09-30 | 434 | 43 | 14 |
| 2016-07-01 | 444 | 47 | 17 |
| 2016-04-01 | 446 | 40 | 20 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Johnson Outdoors Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-09-30 | 5.19 | 5.26 | 5.11 | 2.00 |
| 2019-09-30 | 4.80 | 4.83 | 4.76 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-29 | 4.44 |
| 2018-12-28 | 4.42 |
| 2018-09-28 | 4.09 |
| 2018-06-29 | 4.65 |
| 2018-03-30 | 3.93 |
| 2017-12-29 | 3.16 |
| 2017-09-29 | 3.56 |
| 2017-06-30 | 3.28 |
| 2017-03-31 | 2.30 |
| 2016-12-30 | 1.84 |
| 2016-09-30 | 1.37 |
| 2016-07-01 | 1.71 |
| 2016-04-01 | 2.04 |
*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 Johnson Outdoors will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Johnson Outdoors's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Johnson Outdoors has a total score of 1/6, 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 Johnson Outdoors 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
Past Earnings growth analysis
- Johnson Outdoors has delivered over 20% year on year earnings growth in the past 5 years.
- Johnson Outdoors's 1-year earnings growth is less than its 5-year average (13.7% vs 37.4%)
- Johnson Outdoors's earnings growth has not exceeded the US Leisure industry average in the past year (13.7% vs 36.2%).
Earnings and Revenue History
All data from Johnson Outdoors Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-29 | 544.06 | 44.26 | 157.35 | 21.06 |
| 2018-12-28 | 532.13 | 43.96 | 154.58 | 20.83 |
| 2018-09-28 | 544.27 | 40.67 | 158.40 | 20.44 |
| 2018-06-29 | 544.89 | 46.21 | 156.34 | 20.28 |
| 2018-03-30 | 529.39 | 39.00 | 155.10 | 20.03 |
| 2017-12-29 | 513.42 | 31.34 | 151.56 | 19.33 |
| 2017-09-29 | 490.57 | 35.16 | 146.18 | 19.17 |
| 2017-06-30 | 473.75 | 32.44 | 140.19 | 19.31 |
| 2017-03-31 | 457.77 | 22.73 | 133.55 | 19.56 |
| 2016-12-30 | 442.16 | 18.09 | 129.56 | 19.09 |
| 2016-09-30 | 433.73 | 13.50 | 128.19 | 18.43 |
| 2016-07-01 | 444.46 | 16.80 | 128.72 | 17.41 |
| 2016-04-01 | 446.05 | 19.95 | 132.76 | 16.20 |
| 2016-01-01 | 444.97 | 14.28 | 137.14 | 16.27 |
| 2015-10-02 | 430.49 | 10.62 | 137.40 | 16.48 |
| 2015-07-03 | 429.72 | 8.66 | 139.66 | 16.94 |
| 2015-04-03 | 425.97 | 3.36 | 135.00 | 17.29 |
| 2015-01-02 | 417.13 | 7.12 | 128.40 | 16.88 |
| 2014-10-03 | 425.41 | 9.12 | 126.98 | 16.47 |
| 2014-06-27 | 417.82 | 6.40 | 125.23 | 15.62 |
| 2014-03-28 | 410.46 | 15.35 | 125.67 | 15.35 |
| 2013-12-27 | 418.29 | 16.89 | 129.50 | 15.57 |
| 2013-09-27 | 426.46 | 19.33 | 130.11 | 15.35 |
| 2013-06-28 | 423.94 | 19.64 | 126.32 | 15.69 |
| 2013-03-29 | 422.76 | 14.98 | 128.58 | 15.27 |
| 2012-12-28 | 419.39 | 13.33 | 127.78 | 14.76 |
| 2012-09-28 | 412.29 | 10.13 | 130.50 | 14.73 |
| 2012-06-29 | 414.87 | 30.61 | 133.01 | 14.83 |
*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.
- Johnson Outdoors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Johnson Outdoors used its assets more efficiently than the US Leisure industry average last year based on Return on Assets.
- Johnson Outdoors has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Johnson Outdoors's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Johnson Outdoors has a total score of 3/6, 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 Johnson Outdoors'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 Johnson Outdoors's finances.
The net worth of a company is the difference between its assets and liabilities.
- Johnson Outdoors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Johnson Outdoors's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Johnson Outdoors has no debt, it does not need to be covered by short term assets.
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.
All data from Johnson Outdoors Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-29 | 300.70 | 0.00 | 68.21 |
| 2018-12-28 | 279.57 | 0.00 | 104.21 |
| 2018-09-28 | 279.20 | 0.00 | 150.59 |
| 2018-06-29 | 282.06 | 0.00 | 129.28 |
| 2018-03-30 | 261.25 | 0.00 | 51.07 |
| 2017-12-29 | 241.95 | 0.00 | 78.32 |
| 2017-09-29 | 243.00 | 0.00 | 110.42 |
| 2017-06-30 | 239.92 | 0.00 | 93.74 |
| 2017-03-31 | 221.32 | 5.00 | 29.36 |
| 2016-12-30 | 206.84 | 13.00 | 51.86 |
| 2016-09-30 | 207.50 | 7.39 | 87.29 |
| 2016-07-01 | 213.10 | 7.45 | 75.60 |
| 2016-04-01 | 207.19 | 37.55 | 50.94 |
| 2016-01-01 | 195.08 | 31.60 | 49.36 |
| 2015-10-02 | 197.97 | 7.43 | 69.16 |
| 2015-07-03 | 198.72 | 7.52 | 53.92 |
| 2015-04-03 | 188.04 | 55.69 | 48.91 |
| 2015-01-02 | 189.50 | 32.44 | 57.55 |
| 2014-10-03 | 198.46 | 7.79 | 70.79 |
| 2014-06-27 | 207.77 | 7.92 | 52.14 |
| 2014-03-28 | 201.37 | 50.20 | 48.65 |
| 2013-12-27 | 194.02 | 38.43 | 45.94 |
| 2013-09-27 | 197.67 | 8.33 | 55.69 |
| 2013-06-28 | 194.64 | 17.46 | 41.68 |
| 2013-03-29 | 180.37 | 60.60 | 40.39 |
| 2012-12-28 | 174.42 | 39.46 | 47.97 |
| 2012-09-28 | 173.60 | 8.86 | 58.90 |
| 2012-06-29 | 173.67 | 12.48 | 38.75 |
- Johnson Outdoors has no debt.
- Johnson Outdoors has no debt compared to 5 years ago when it was 24.4%.
- Johnson Outdoors has no debt, it does not need to be covered by operating cash flow.
- Johnson Outdoors has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Johnson Outdoors's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Johnson Outdoors has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Johnson Outdoors'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
If you bought
$2,000 of
Johnson Outdoors
shares you are expected to receive
$14
in your first year as a dividend.
Dividend Amount
- Johnson Outdoors's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Johnson Outdoors's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Upcoming dividend payment
Purchase Johnson Outdoors before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 2 Analyst Estimates (S&P Global) | See Below |
| United States of America Leisure Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| 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 | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-09-30 | ||
| 2019-09-30 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-31 | 0.560 | 0.727 |
| 2019-03-01 | 0.560 | 0.759 |
| 2018-12-06 | 0.560 | 0.892 |
| 2018-09-26 | 0.560 | 0.737 |
| 2018-06-01 | 0.480 | 0.537 |
| 2018-03-02 | 0.480 | 0.712 |
| 2017-12-08 | 0.400 | 0.631 |
| 2017-09-29 | 0.400 | 0.557 |
| 2017-06-02 | 0.360 | 0.667 |
| 2017-03-03 | 0.360 | 0.952 |
| 2016-12-08 | 0.360 | 1.008 |
| 2016-09-29 | 0.360 | 0.944 |
| 2016-06-03 | 0.320 | 1.096 |
| 2016-03-02 | 0.320 | 1.396 |
| 2015-12-03 | 0.320 | 1.458 |
| 2015-10-01 | 0.320 | 1.406 |
| 2015-05-29 | 0.300 | 1.304 |
| 2015-02-27 | 0.300 | 0.980 |
| 2014-12-05 | 0.300 | 0.996 |
| 2014-09-24 | 0.300 | 1.044 |
| 2014-05-30 | 0.300 | 1.185 |
| 2014-02-27 | 0.300 | 1.301 |
| 2013-12-05 | 0.300 | 1.174 |
| 2013-10-08 | 0.300 | 1.090 |
| 2010-08-06 | 0.000 | 0.000 |
| 2010-05-10 | 0.000 | 0.000 |
| 2010-04-30 | 0.000 | 0.000 |
| 2010-02-08 | 0.000 | 0.000 |
| 2010-02-05 | 0.000 | 0.000 |
| 2009-12-11 | 0.000 | 0.000 |
| 2009-11-20 | 0.000 | 0.000 |
| 2009-08-07 | 0.000 | 0.000 |
| 2009-07-31 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Johnson Outdoors is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Johnson Outdoors is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Johnson Outdoors's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Johnson Outdoors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Johnson Outdoors 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
CEO
| COMPENSATION | $2,659,701 |
| AGE | 62 |
| TENURE AS CEO | 20.3 years |
CEO Bio
Ms. Helen P. Johnson-Leipold serves as the Chairman and Chief Executive Officer of Johnson Outdoors Gear LLC. Ms. Johnson-Leipold has been the Chairman of the Board of Johnson Outdoors Inc. since 1994 and also has been its Chief Executive Officer since March 1999. She serves as the Chairman and Director of Johnson Bank. She has been the Chief Executive Officer of Johnson Worldwide Associates Inc., since March 1999. Ms. Johnson-Leipold served as an Executive Vice President of North America Businesses of Johnson Outdoors Inc. from 1995 to 1997 and Vice President for Consumer Marketing Services Worldwide of S.C. Johnson & Son from 1992 to 1995. She served as Vice President for Worldwide Consumer Products-Marketing of SCJ from September 1998 to March 1999 and from October 1997 to September 1998, she served as the Vice President of North America Personal Care and Home Care Products of S.C. Johnson & Son. She began her 25-year career in marketing and management at Foote, Cone & Belding in Chicago in 1979, directing the advertising for some of America's major consumer packaged goods companies, including Kraft, Sara Lee and Beatrice Foods. She has been the Chairman of Johnson Worldwide Associates Inc., since March 1999. She has been the Chairman of Johnson Financial Group, Inc. since July 2004. She has been the Chairwoman of Diversey Holdings, LLC since February 2011. She serves as a Director at Diversey, Inc. and was its Chairwoman since February 2011. She founded Next Generation Now and serves as its Chairman. She served as the Chairman of Commercial Markets Holdco, Inc. She has been a Director of Johnson Outdoors Inc., since 1994, diversey, Inc., since December 1999 and Diversey Holdings, LLC (alternate name: JohnsonDiversey Holdings, Inc.) since May 3, 2002. She serves as a Director of SC Johnson Ltd., S. C. Johnson & Son, Inc. and Johnson Financial Group. She serves as Trustee of SC Johnson Fund. She serves as a Director of Prairie School, Racine Charter One, Racine County Workforce Development Center and Sustainable Racine. She serves as Member of the Board of Johnson Foundation. She served as a Director of Commercial Markets Holdco, Inc., from November 1999 to May 2003. She served as a Director of The Home Depot Inc., from November 17, 2006 to November 2007. Ms. Johnson-Leipold holds BA degree in Psychology from Cornell University, in 1978. She is having extensive leadership and management experience; including, strategic planning, marketing new product development, Market research, operations, corporate communication, corporate transactions, international business, as well as a deep knowledge of the Company’s industry, businesses and strategic evolution.
CEO Compensation
- Helen's compensation has been consistent with company performance over the past year, both up more than 20%.
- Helen's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure of the Johnson Outdoors management team in years:
- The average tenure for the Johnson Outdoors management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Helen Johnson-Leipold
Chairman & CEO
$3M
62
20.3 yrs
David Johnson
CFO, VP & Treasurer
$1M
54
13.6 yrs
Karen James
Vice President of Global Operations
John Moon
Chief Information Officer & VP
12.6 yrs
Khalaf Khalaf
Senior Managing Director of Legal Affairs & Secretary
2.3 yrs
Patricia Penman
Vice President of Global Marketing Services & Communication
Julie Andersen
Global Marketing Director
4.8 yrs
Sara Vidian
Vice President of Human Resources
Board of Directors Tenure
Average tenure and age of the Johnson Outdoors board of directors in years:
- The average tenure for the Johnson Outdoors board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Tom Pyle
Vice Chairman & Lead Outside Director
$189K
76
21.7 yrs
Helen Johnson-Leipold
Chairman & CEO
$3M
62
25.4 yrs
Terry London
Independent Director
$150K
68
20.4 yrs
John Fahey
Independent Director
$141K
66
18.4 yrs
Ed Lang
Independent Director
$137K
55
13.4 yrs
Casey Sheahan
Independent Director
$137K
62
4.8 yrs
Kathy Bell
Independent Director
$131K
60
4.8 yrs
Ed Stevens
Independent Director
$131K
49
2.6 yrs
Bill Perez
Independent Director
70
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Oct 18 | Buy | David Johnson | Individual | 27. Oct 17 | 26. Jul 18 | 17 | $81.17 | $1,214 | ||
Management checks
We assess Johnson Outdoors's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Johnson Outdoors 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
Is Johnson Outdoors Inc.'s (NASDAQ:JOUT) CEO Pay Fair?
First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Johnson Outdoors How Does Helen Johnson-Leipold's Compensation Compare With Similar Sized Companies? … I think that the total shareholder return of 225%, over three years, would leave most Johnson Outdoors Inc.
Simply Wall St - – Full articleShould You Think About Buying Johnson Outdoors Inc. (NASDAQ:JOUT) Now?
Today I will analyse the most recent data on Johnson Outdoors’s outlook and valuation to see if the opportunity still exists. … With profit expected to grow by a double-digit 14% in the upcoming year, the short-term outlook is positive for Johnson Outdoors. … With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.
Simply Wall St - – Full articleAre Investors Undervaluing Johnson Outdoors Inc. (NASDAQ:JOUT) By 22%?
(NASDAQ:JOUT) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $45.26 $51.69 $56.91 $61.39 $65.28 $68.71 $71.80 $74.64 $77.33 $79.91 Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 10.09% Est @ 7.88% Est @ 6.33% Est @ 5.25% Est @ 4.5% Est @ 3.97% Est @ 3.6% Est @ 3.34% Present Value ($, Millions) Discounted @ 8.38% $41.76 $44.00 $44.70 $44.49 $43.65 $42.38 $40.86 $39.20 $37.47 $35.72 Present Value of 10-year Cash Flow (PVCF)= $414.23m "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. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$80m × (1 + 2.7%) ÷ (8.4% – 2.7%) = US$1.5b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.5b ÷ ( 1 + 8.4%)10 = $648.99m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $1.06b.
Simply Wall St - – Full articleShould You Like Johnson Outdoors Inc.’s (NASDAQ:JOUT) High Return On Capital Employed?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleWhat Johnson Outdoors Inc.'s (NASDAQ:JOUT) ROE Can Tell Us
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Johnson Outdoors has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleJohnson Outdoors Inc. (NASDAQ:JOUT): The Best Of Both Worlds
(NASDAQ:JOUT) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleIf You Had Bought Johnson Outdoors (NASDAQ:JOUT) Stock Three Years Ago, You Could Pocket A 216% Gain Today
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Johnson Outdoors achieved compound earnings per share growth of 45% per year. … This EPS growth is remarkably close to the 47% average annual increase in the share price.
Simply Wall St - – Full articleRead This Before You Buy Johnson Outdoors Inc. (NASDAQ:JOUT) Because Of Its P/E Ratio
We'll look at Johnson Outdoors Inc.'s (NASDAQ:JOUT) P/E ratio and reflect on what it tells us about the company's share price. … Johnson Outdoors has a P/E ratio of 15.03, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhen Should You Buy Johnson Outdoors Inc. (NASDAQ:JOUT)?
saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. … Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value.
Simply Wall St - – Full articleWhy Johnson Outdoors Inc.'s (NASDAQ:JOUT) CEO Pay Matters To You
Helen Johnson-Leipold became the CEO of Johnson Outdoors Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Helen Johnson-Leipold's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleCompany Info
Description
Johnson Outdoors Inc. designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. The company’s Fishing segment offers electric motors for trolling or primary propulsion, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing. This segment sells its products under the Minn Kota, Humminbird, and Cannon brands through outdoor specialty and Internet retailers, retail store chains, marine products distributors, original equipment manufacturers, and distributors. Its Camping segment offers consumer, commercial, and military tents and accessories; sleeping bags; camping furniture and stoves; other recreational camping products; and portable outdoor cooking systems, as well as acts as a subcontract manufacturer for other providers of military tents. This segment sells its products under the Eureka! and Jetboil brands through independent sales representatives and Internet retailers. The company’s Watercraft Recreation segment provides kayaks, canoes, and paddles through independent specialty and outdoor retailers under the Ocean Kayaks, Old Town, and Carlisle brands. Its Diving segment manufactures and markets underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories under the SCUBAPRO brand name. This segment also provides regular maintenance, product repair, diving education, and travel program services; and sells diving gear to dive training centers, resorts, public safety units, and armed forces. It sells its products through specialty dive stores, as well as through Websites. Johnson Outdoors Inc. was founded in 1970 and is headquartered in Racine, Wisconsin.
Details
| Name: | Johnson Outdoors Inc. |
| JOUT | |
| Exchange: | NasdaqGS |
| Founded: | 1970 |
| $791,810,578 | |
| 9,974,938 | |
| Website: | http://www.johnsonoutdoors.com |
| Address: |
Johnson Outdoors Inc. 555 Main Street, Racine, Wisconsin, 53403, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | JOUT | Class A Shares | Nasdaq Global Select | US | USD | 09. Oct 1987 |
Number of employees
Current staff
Industry
| Leisure Products | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/17 23:39 |
| End of day share price update: | 2019/06/17 00:00 |
| Last estimates confirmation: | 2019/05/09 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/29 |
| Last annual earnings reported: | 2018/09/28 |
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.
