Johnson Outdoors Valuation

Q: What is the Fair Price of JOUT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

JOUT ($32.93) is trading below our estimate of [[fair value]] ($105.39)

Is JOUT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JOUT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JOUT ($32.93) is trading below our estimate of fair value ($105.39)

Significantly Below Fair Value: JOUT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JOUT?

Key metric: As JOUT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JOUT. This is calculated by dividing JOUT's market cap by their current revenue.
What is JOUT's PS Ratio?
PS Ratio	0.6x
Sales	US$583.32m
Market Cap	US$335.58m

JOUT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.4x
Enterprise Value/EBITDA	-29.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does JOUT's PS Ratio compare to its peers?

The above table shows the PS ratio for JOUT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.9x
MCFT MasterCraft Boat Holdings	1x	0.6%	US$348.0m
MPX Marine Products	1.3x	-1.3%	US$340.5m
JAKK JAKKS Pacific	0.4x	3.9%	US$311.9m
ESCA Escalade	0.8x	n/a	US$200.7m
JOUT Johnson Outdoors	0.6x	6.3%	US$335.6m

Price-To-Sales vs Peers: JOUT is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does JOUT's PS Ratio compare vs other companies in the US Leisure Industry?

4 Companies	Price / Sales	Estimated Growth	Market Cap
DTC Solo Brands	0.1x	4.4%	US$104.51m
VMAR Vision Marine Technologies	0.07x	55.8%	US$265.99k
TRNR Interactive Strength	0.1x	n/a	US$207.52k
BFXX.Q BowFlex	0.00003x	n/a	US$3.64k

No more companies available in this PS range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: JOUT is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Leisure industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is JOUT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JOUT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.6x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: JOUT is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.