NasdaqGS:JOUT

Stock Analysis Report

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Executive Summary

Johnson Outdoors Inc. designs, manufactures, and markets camping, diving, watercraft, and marine electronics products worldwide. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Johnson Outdoors's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JOUT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: JOUT's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.1%

JOUT

-2.3%

US Leisure

1.4%

US Market


1 Year Return

53.1%

JOUT

98.0%

US Leisure

22.6%

US Market

Return vs Industry: JOUT underperformed the US Leisure industry which returned 97.2% over the past year.

Return vs Market: JOUT exceeded the US Market which returned 22.8% over the past year.


Shareholder returns

JOUTIndustryMarket
7 Day6.1%-2.3%1.4%
30 Day7.7%2.3%4.9%
90 Day35.1%25.8%14.6%
1 Year54.4%53.1%101.7%98.0%25.4%22.6%
3 Year93.3%88.5%25.4%18.4%46.8%37.0%
5 Year466.8%442.3%46.1%32.3%132.0%106.1%

Long-Term Price Volatility Vs. Market

How volatile is Johnson Outdoors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Johnson Outdoors undervalued compared to its fair value and its price relative to the market?

1.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: JOUT ($114.91) is trading below our estimate of fair value ($118.72)

Significantly Below Fair Value: JOUT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: JOUT is good value based on its PE Ratio (20.9x) compared to the US Leisure industry average (33.2x).

PE vs Market: JOUT is good value based on its PE Ratio (20.9x) compared to the US market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: JOUT is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: JOUT is good value based on its PB Ratio (3x) compared to the US Leisure industry average (4.9x).


Next Steps

Future Growth

How is Johnson Outdoors forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JOUT's forecast earnings growth (12.6% per year) is above the savings rate (2%).

Earnings vs Market: JOUT's earnings (12.6% per year) are forecast to grow slower than the US market (21.6% per year).

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

Revenue vs Market: JOUT's revenue (8.1% per year) is forecast to grow slower than the US market (10.5% per year).

High Growth Revenue: JOUT's revenue (8.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JOUT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Johnson Outdoors performed over the past 5 years?

26.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JOUT has high quality earnings.

Growing Profit Margin: JOUT's current net profit margins (9.3%) are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: JOUT's earnings have grown significantly by 26% per year over the past 5 years.

Accelerating Growth: JOUT's earnings growth over the past year (7%) is below its 5-year average (26% per year).

Earnings vs Industry: JOUT earnings growth over the past year (7%) underperformed the Leisure industry 38.6%.


Return on Equity

High ROE: JOUT's Return on Equity (14.6%) is considered low.


Next Steps

Financial Health

How is Johnson Outdoors's financial position?


Financial Position Analysis

Short Term Liabilities: JOUT's short term assets ($388.5M) exceed its short term liabilities ($105.6M).

Long Term Liabilities: JOUT's short term assets ($388.5M) exceed its long term liabilities ($62.3M).


Debt to Equity History and Analysis

Debt Level: JOUT is debt free.

Reducing Debt: JOUT has no debt compared to 5 years ago when its debt to equity ratio was 4%.

Debt Coverage: JOUT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: JOUT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Johnson Outdoors's current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JOUT's dividend (0.73%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: JOUT's dividend (0.73%) is low compared to the top 25% of dividend payers in the US market (3.86%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, JOUT has been paying a dividend for less than 10 years.

Growing Dividend: JOUT's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.1%), JOUT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

14.7yrs

Average management tenure


CEO

Helen Johnson-Leipold (64 yo)

21.83yrs

Tenure

US$2,976,005

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Helen's total compensation ($USD2.98M) is about average for companies of similar size in the US market ($USD2.39M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Helen Johnson-Leipold
Chairman & CEO21.83yrsUS$2.98m28.26%
$ 326.7m
David Johnson
CFO & VP15.17yrsUS$1.25m0.18%
$ 2.1m
Karen James
Vice President of Global Operationsno datano datano data
John Moon
Chief Information Officer & VP14.17yrsno datano data
Khalaf Khalaf
VP, General Counsel & Corporate Secretary3.92yrsno datano data
Patricia Penman
Vice President of Global Marketing Services & Communicationno datano datano data
Sara Vidian
Vice President of Human Resourcesno datano datano data

14.7yrs

Average Tenure

Experienced Management: JOUT's management team is seasoned and experienced (14.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Helen Johnson-Leipold
Chairman & CEO21.83yrsUS$2.98m28.26%
$ 326.7m
John Fahey
Independent Director20yrsUS$156.96k0.19%
$ 2.2m
William Perez
Independent Director2.08yrsUS$137.62k0.022%
$ 251.1k
Katherine Bell
Independent Director6.33yrsUS$147.94k0.022%
$ 259.0k
Terry London
Independent Director22yrsUS$173.78k0.17%
$ 1.9m
Thomas Pyle
Independent Vice Chairman & Lead Outside Director23.25yrsUS$215.52k0.44%
$ 5.1m
Edward Lang
Independent Director15yrsUS$154.31k0.20%
$ 2.3m
Richard Sheahan
Independent Director6.33yrsUS$151.44k0.022%
$ 259.0k
Edward Stevens
Independent Director4.17yrsUS$145.48k0.022%
$ 259.0k

15.0yrs

Average Tenure

64yo

Average Age

Experienced Board: JOUT's board of directors are seasoned and experienced ( 15 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JOUT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Johnson Outdoors Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Johnson Outdoors Inc.
  • Ticker: JOUT
  • Exchange: NasdaqGS
  • Founded: 1970
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: US$1.156b
  • Shares outstanding: 10.06m
  • Website: https://www.johnsonoutdoors.com

Number of Employees


Location

  • Johnson Outdoors Inc.
  • 555 Main Street
  • Racine
  • Wisconsin
  • 53403
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JOUTNasdaqGS (Nasdaq Global Select)YesClass A SharesUSUSDOct 1987

Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 23:02
End of Day Share Price2021/01/22 00:00
Earnings2020/10/02
Annual Earnings2020/10/02


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.