NasdaqGS:JOUT

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with proven track record.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

JOUT

-1.7%

US Leisure

-3.8%

US Market


1 Year Return

-19.0%

JOUT

-35.4%

US Leisure

-15.9%

US Market

Return vs Industry: JOUT exceeded the US Leisure industry which returned -35.4% over the past year.

Return vs Market: JOUT underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

JOUTIndustryMarket
7 Day-1.0%-1.7%-3.8%
30 Day-2.6%-12.7%-17.4%
90 Day-25.6%-35.5%-24.1%
1 Year-18.2%-19.0%-34.3%-35.4%-14.1%-15.9%
3 Year69.8%65.8%-39.5%-42.5%10.0%2.8%
5 Year80.0%71.6%-38.9%-44.7%27.6%13.5%

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?

10.81x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JOUT ($58.68) is trading above our estimate of fair value ($28.98)

Significantly Below Fair Value: JOUT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JOUT is good value based on its PE Ratio (10.8x) compared to the Leisure industry average (11.4x).

PE vs Market: JOUT is good value based on its PE Ratio (10.8x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: JOUT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: JOUT is overvalued based on its PB Ratio (1.8x) compared to the US Leisure industry average (1.7x).


Next Steps

Future Growth

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

-23.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JOUT's earnings are forecast to decline over the next 3 years (-23.1% per year).

Earnings vs Market: JOUT's earnings are forecast to decline over the next 3 years (-23.1% per year).

High Growth Earnings: JOUT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JOUT's revenue is expected to decline over the next 3 years (-3.9% per year).

High Growth Revenue: JOUT's revenue is forecast to decline over the next 3 years (-3.9% 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?

35.3%

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 (8.3%).


Past Earnings Growth Analysis

Earnings Trend: JOUT's earnings have grown significantly by 35.3% per year over the past 5 years.

Accelerating Growth: JOUT's earnings growth over the past year (23.7%) is below its 5-year average (35.3% per year).

Earnings vs Industry: JOUT earnings growth over the past year (23.7%) exceeded the Leisure industry -3.4%.


Return on Equity

High ROE: JOUT's Return on Equity (16.4%) 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 ($330.1M) exceed its short term liabilities ($95.3M).

Long Term Liabilities: JOUT's short term assets ($330.1M) exceed its long term liabilities ($60.6M).


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 16.4%.

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

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

Debt Coverage by Assets: Insufficient data to determine if JOUT's debt is covered by short term assets.


Next Steps

Dividend

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

1.16%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: JOUT's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: JOUT's dividend (1.16%) is low compared to the top 25% of dividend payers in the US market (5.82%).


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 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.4%), 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?

13.9yrs

Average management tenure


CEO

Helen Johnson-Leipold (63yo)

21.08s

Tenure

US$2,589,519

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 ($USD2.59M) is about average for companies of similar size in the US market ($USD2.26M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Helen Johnson-Leipold
Chairman & CEO21.08yrsUS$2.59m27.16% $159.3m
David Johnson
CFO & VP14.42yrsUS$1.04m0.16% $923.3k
Karen James
Vice President of Global Operationsno datano datano data
John Moon
Chief Information Officer & VP13.42yrsno datano data
Khalaf Khalaf
VP, General Counsel & Corporate Secretary3.17yrsno datano data
Patricia Penman
Vice President of Global Marketing Services & Communicationno datano datano data
Sara Vidian
Vice President of Human Resourcesno datano datano data

13.9yrs

Average Tenure

Experienced Management: JOUT's management team is seasoned and experienced (13.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Helen Johnson-Leipold
Chairman & CEO21.08yrsUS$2.59m27.16% $159.3m
John Fahey
Independent Director19.25yrsUS$139.52k0.24% $1.4m
William Perez
Independent Director1.33yrsUS$112.37k0.022% $128.3k
Katherine Bell
Independent Director5.58yrsUS$127.65k0.023% $132.3k
Terry London
Independent Director21.25yrsUS$151.65k0.23% $1.3m
Thomas Pyle
Vice Chairman & Lead Outside Director22.5yrsUS$188.52k0.56% $3.3m
Edward Lang
Independent Director14.25yrsUS$137.02k0.21% $1.2m
Richard Sheahan
Independent Director5.58yrsUS$135.52k0.035% $207.3k
Edward Stevens
Independent Director3.42yrsUS$131.02k0.023% $132.3k

14.3yrs

Average Tenure

63yo

Average Age

Experienced Board: JOUT's board of directors are seasoned and experienced ( 14.3 years average tenure).


Ownership

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


Insider Trading Volume

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


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$586.546m
  • Shares outstanding: 10.00m
  • 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 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 and diving magazines, as well as through Websites. Johnson Outdoors Inc. was founded in 1970 and is headquartered in Racine, Wisconsin. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 05:19
End of Day Share Price2020/04/03 00:00
Earnings2019/12/27
Annual Earnings2019/09/27


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.