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Johnson Outdoors

Nasdaq:JOUT
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JOUT
Nasdaq
$792M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

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
4%
NasdaqGS:JOUT
3.8%
US Leisure
0.3%
US Market
1 Year Returns
-1%
NasdaqGS:JOUT
-15.3%
US Leisure
0.7%
US Market
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.
Price Volatility
JOUT
Industry
5yr Volatility vs Market

Value

 Is Johnson Outdoors 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Johnson Outdoors.

NasdaqGS:JOUT Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:JOUT
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.

NasdaqGS:JOUT DCF 1st Stage: Next 10 year cash flow forecast
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
NasdaqGS:JOUT DCF 2nd Stage: Terminal Value
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
NasdaqGS:JOUT Total Equity Value
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
NasdaqGS:JOUT Discount to Share Price
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
Amount off the current price Johnson Outdoors is available for.
Intrinsic value
24%
Share price is $79.38 vs Future cash flow value of $104.54
Current Discount Checks
For Johnson Outdoors to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NasdaqGS:JOUT PE (Price to Earnings) Ratio Data Sources
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.

NasdaqGS:JOUT PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqGS:JOUT PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NasdaqGS:JOUT PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NasdaqGS:JOUT PB (Price to Book) Ratio Data Sources
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
NasdaqGS:JOUT PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Johnson Outdoors'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 Leisure 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 Leisure industry average (and greater than 0)? (1 check)
  5. 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

 How is Johnson Outdoors expected to perform in the next 1 to 3 years based on estimates from 2 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
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Johnson Outdoors expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:JOUT Future Growth Rates Data Sources
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
Raw Data
NasdaqGS:JOUT Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:JOUT Future Estimates Data
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
NasdaqGS:JOUT Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Johnson Outdoors's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Johnson Outdoors's revenue is expected to grow by 3.8% 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
NasdaqGS:JOUT 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.

NasdaqGS:JOUT Future Estimates Data
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
NasdaqGS:JOUT Past Financials Data
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.
X
Future performance checks
We assess Johnson Outdoors'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.
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
Below we compare Johnson Outdoors's growth in the last year to its industry (Leisure).
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.
  • 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
Johnson Outdoors'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 Johnson Outdoors Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:JOUT Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Johnson Outdoors'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 Leisure 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Johnson Outdoors'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.
  • 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.
Raw Data

All data from Johnson Outdoors Company Filings, last reported 2 months ago.

NasdaqGS:JOUT Past Debt and Equity Data
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.
X
Financial health checks
We assess Johnson Outdoors'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. Johnson Outdoors has a total score of 6/6, 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 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
Dividend payments
0.71%
Current annual income from Johnson Outdoors dividends.
If you bought $2,000 of Johnson Outdoors shares you are expected to receive $14 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?
  • 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.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NasdaqGS:JOUT 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 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.

NasdaqGS:JOUT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30
NasdaqGS:JOUT Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Johnson Outdoors's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Johnson Outdoors's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Johnson Outdoors'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 Johnson Outdoors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Johnson Outdoors'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
Helen Johnson-Leipold
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:

12.6
Average Tenure
  • 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

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
62
TENURE
20.3 yrs

David Johnson

TITLE
CFO, VP & Treasurer
COMPENSATION
$1M
AGE
54
TENURE
13.6 yrs

Karen James

TITLE
Vice President of Global Operations

John Moon

TITLE
Chief Information Officer & VP
TENURE
12.6 yrs

Khalaf Khalaf

TITLE
Senior Managing Director of Legal Affairs & Secretary
TENURE
2.3 yrs

Patricia Penman

TITLE
Vice President of Global Marketing Services & Communication

Julie Andersen

TITLE
Global Marketing Director
TENURE
4.8 yrs

Sara Vidian

TITLE
Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the Johnson Outdoors board of directors in years:

13.4
Average Tenure
62
Average Age
  • 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

TITLE
Vice Chairman & Lead Outside Director
COMPENSATION
$189K
AGE
76
TENURE
21.7 yrs

Helen Johnson-Leipold

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
62
TENURE
25.4 yrs

Terry London

TITLE
Independent Director
COMPENSATION
$150K
AGE
68
TENURE
20.4 yrs

John Fahey

TITLE
Independent Director
COMPENSATION
$141K
AGE
66
TENURE
18.4 yrs

Ed Lang

TITLE
Independent Director
COMPENSATION
$137K
AGE
55
TENURE
13.4 yrs

Casey Sheahan

TITLE
Independent Director
COMPENSATION
$137K
AGE
62
TENURE
4.8 yrs

Kathy Bell

TITLE
Independent Director
COMPENSATION
$131K
AGE
60
TENURE
4.8 yrs

Ed Stevens

TITLE
Independent Director
COMPENSATION
$131K
AGE
49
TENURE
2.6 yrs

Bill Perez

TITLE
Independent Director
AGE
70
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
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
X
Management checks
We assess Johnson Outdoors'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. 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 -

Should 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 -

Are 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 -

Should 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 -

What 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 -

Johnson 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 -

If 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 -

Read 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 -

When 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 -

Why 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 -

Company 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
Staff numbers
1,200
Johnson Outdoors employees.
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.