Jerash Holdings (US) (JRSH) Stock Overview
Through its subsidiaries, manufactures and exports customized, ready-made sportswear, and outerwear through knitted fabrics. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 3/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
JRSH Community Fair Values
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Analyst Price Targets
Jerash Holdings (US), Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$4.47 |
| 52 Week High | US$5.47 |
| 52 Week Low | US$2.85 |
| Beta | 1.08 |
| 1 Month Change | 38.82% |
| 3 Month Change | 55.75% |
| 1 Year Change | 36.70% |
| 3 Year Change | 10.64% |
| 5 Year Change | -29.38% |
| Change since IPO | -47.96% |
Recent News & Updates
Recent updates
New Narrative • Jun 16
Trade Risks From Capacity Expansion And Customer Concentration Will Shape Long Term Prospects
Catalysts About Jerash Holdings (US) Jerash Holdings (US) is an apparel manufacturer with production facilities in Jordan that supplies global brands and retailers. What are the underlying business or industry changes driving this perspective?Analysis Article • Feb 12
Results: Jerash Holdings (US), Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
It's been a pretty great week for Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) shareholders, with its shares surging 11...Analysis Article • Feb 10
Some Investors May Be Worried About Jerash Holdings (US)'s (NASDAQ:JRSH) Returns On Capital
When researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...Analysis Article • May 13
Is Jerash Holdings (US) (NASDAQ:JRSH) Using Debt Sensibly?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Apr 05
At US$3.08, Is Jerash Holdings (US), Inc. (NASDAQ:JRSH) Worth Looking At Closely?
Jerash Holdings (US), Inc. ( NASDAQ:JRSH ), is not the largest company out there, but it received a lot of attention...Analysis Article • Nov 15
Jerash Holdings (US), Inc. Just Recorded A 7.5% Revenue Beat: Here's What Analysts Think
Shareholders of Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) will be pleased this week, given that the stock price is up...Analysis Article • Nov 13
Does Jerash Holdings (US) (NASDAQ:JRSH) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 08
Jerash Holdings (US) (NASDAQ:JRSH) Has Affirmed Its Dividend Of $0.05
The board of Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) has announced that it will pay a dividend of $0.05 per share on...Analysis Article • Jun 30
Jerash Holdings (US), Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
As you might know, Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) recently reported its annual numbers. Revenues came in at...Analysis Article • May 23
Jerash Holdings (US) (NASDAQ:JRSH) Has Affirmed Its Dividend Of $0.05
Jerash Holdings (US), Inc.'s ( NASDAQ:JRSH ) investors are due to receive a payment of $0.05 per share on 7th of June...Analysis Article • Feb 08
Jerash Holdings (US) (NASDAQ:JRSH) Is Due To Pay A Dividend Of $0.05
The board of Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) has announced that it will pay a dividend on the 23rd of...Analysis Article • Nov 06
Jerash Holdings (US) (NASDAQ:JRSH) Is Due To Pay A Dividend Of $0.05
The board of Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) has announced that it will pay a dividend of $0.05 per share on...Analysis Article • Aug 12
Jerash Holdings (US) (NASDAQ:JRSH) Is Due To Pay A Dividend Of $0.05
Jerash Holdings (US), Inc.'s ( NASDAQ:JRSH ) investors are due to receive a payment of $0.05 per share on 23rd of...Analysis Article • Feb 07
Jerash Holdings (US) (NASDAQ:JRSH) Will Pay A Dividend Of $0.05
The board of Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) has announced that it will pay a dividend on the 21st of...Analysis Article • Nov 07
Jerash Holdings (US) (NASDAQ:JRSH) Has Announced A Dividend Of $0.05
Jerash Holdings (US), Inc. ( NASDAQ:JRSH ) has announced that it will pay a dividend of $0.05 per share on the 28th of...Seeking Alpha • Sep 21
Jerash: The Coming Months Could Be Challenging But The Company Is Cheap
Summary The company’s Q1 FY23 revenues rose by 12% to $31.4 million, and the gross margin stood at 19.8%. However, major customers are placing smaller orders, and this means that the product mix has to shift to lower-margin items. Jerash is bracing for flat sales growth in FY23 and the gross margin goal for the period is 16-18%. Yet, I think the stock is cheap as the annual gross income at a 16% margin is about $23 million. Jerash had a net cash position of $5.8 million at the end of June and its enterprise value is only $40.3 million. Introduction Jerash Holdings (JRSH) is a Jordan-focused apparel company which I covered on SA in early July. It's still on my shortlist and I think the Q1 FY23 results were strong as revenues grew by 12% and the gross margin increased to 19.8%. However, revenues for Q2 FY23 are expected to decline year on year and the gross margin goal for FY23 is 16-18%. In addition, there are expectations for flat sales growth for the full fiscal year. In my view, Jerash looks cheap even without revenue growth as the annual gross income at a 16% margin is about $23 million. The company had a net cash position of $5.8 million at the end of June, and its enterprise value stands at only $40.3 million as of the time of writing. Let's review. Overview of the Q1 FY23 financials In case you haven't read my first article about Jerash, here's a short description of the business and the reason it's manufacturing facilities are based in Jordan. The company produces t-shirts, polo shirts, pants, shorts, and jackets for major U.S. brands such as The North Face, Calvin Klein, and American Eagle and its annual capacity is about 14 million pieces per year. Capacity was boosted by about 20% in October 2021 when Jerash acquired its sixth factory in Jordan. USA and Jordan have had a free trade agreement for 20 years now and this means that the company's exports are exempt from customs duties and import quotas. Jordan also has a similar agreement with the EU and Jerash thus has a strong competitive advantage over competitors from Asia. Turning our attention to the Q1 FY23 financial results, revenues increased by 12% year on year to $31.4 million thanks to the addition of its sixth factory. This helped Jerash trim the concentration of its sales to the USA a bit as a significant part of the revenue growth comes from domestic orders. Jerash The gross margin increased by 100 basis points, mainly thanks to a lower average cost basis as a result of economies of scale. However, the net income declined to $1.7 million from $1.9 million a year earlier due to a 24% increase in operating expenses to $4.4 million following higher stock-based payments, delivery, and foreign worker travelling expenses. Jerash Looking ahead, Jerash will start working on initial orders for Skechers and Timberland in Q2 FY23, which represent an estimated 700,000 pieces annually. However, the 500,000 pieces order for Skechers is for women's polos, while the 200,000 pieces order for Timberland is for four fleece styles of outerwear and the company said in its Q1 FY23 earnings call that these products have lower margins compared to the current mix. Jerash added that its major customers are now placing smaller purchase orders due to high inventory levels and inflationary pressures around the world. This means that the company will have to rely more on local orders to keep operating at full capacity, and this will shift the product mix to things like shorts, crew neck and pullover shirts that have lower average selling prices. In light of this, Jerash now expects FY23 revenue growth to be basically flat, with a decline in Q2 to $41-$43 million compared to $45.7 million a year earlier. The company should have good visibility for the quarter considering its manufacturing capacity is fully booked through December 2022. Overall, it seems the contract apparel manufacturing sector in Jordan is facing significant headwinds at the moment due to deteriorating global macroeconomic conditions, but the silver lining is that Jerash seems to be navigating through this situation well for now. At the Q1 FY23 earnings call, the management said that this is the only local company running at full capacity and that some of its competitors are running at 30% below full capacity. I think that a lot of the negative investor expectations are already priced in Jerash' market valuation as the share price is down by almost 40% over the past 12 months. In my view, gross margins of 16% sound compelling even without growth and I continue to think that the company should be trading above $7.00. There don't seem to be any potential catalysts here in the near term, but the downside risk could be limited as Jerash has a $3 million share repurchase program. Looking at the risks for the bull case, the main ones that I mentioned in July included a reliance on a limited number of customers and suppliers and rising social unrest across the Middle East due to high global food prices. In Q1 FY23, VF Corporation accounted for 66% of revenues but this share should decrease somewhat over the coming months due to the shift to local orders. Yet, the potential loss of such a large client would still have a devastating impact on the business of Jerash. Looking at global food prices, the FAO Food Price Index has declined significantly over the past two months, and I no longer think that we could see another Arab Spring in the near future.Seeking Alpha • Aug 11
Jerash Holdings GAAP EPS of $0.14 beats by $0.02, revenue of $33.4M misses by $0.69M
Jerash Holdings press release (NASDAQ:JRSH): FQ1 GAAP EPS of $0.14 beats by $0.02. Revenue of $33.4M (+11.7% Y/Y) misses by $0.69M. FY2023 Outlook: Revenue: $41M to $43M vs. consensus of $160.36M; Gross margin: 16% to 18%. "We continue to focus on enhancing our ESG efforts in everything we do, including the construction of a high-quality, energy-efficient, contemporary living space, which is expected to be completed this fall. We plan to move approximately 1,500 of our multi-national workers to this new dormitory at the end of 2022, which, in turn, will save our company about $500,000 in rental expenses next year."Analysis Article • Aug 09
Jerash Holdings (US) (NASDAQ:JRSH) Has Affirmed Its Dividend Of $0.05
Jerash Holdings (US), Inc.'s ( NASDAQ:JRSH ) investors are due to receive a payment of $0.05 per share on 24th of...Seeking Alpha • Aug 05
Jerash Holdings declares $0.05 dividend
Jerash Holdings (NASDAQ:JRSH) declares $0.05/share quarterly dividend, in line with previous. Forward yield 3.57% Payable Aug. 24; for shareholders of record Aug. 17; ex-div Aug. 16. See JRSH Dividend Scorecard, Yield Chart, & Dividend Growth.Shareholder Returns
| JRSH | US Luxury | US Market | |
|---|---|---|---|
| 7D | 24.9% | 1.2% | 2.0% |
| 1Y | 36.7% | -3.8% | 23.3% |
Return vs Industry: JRSH exceeded the US Luxury industry which returned -3.8% over the past year.
Return vs Market: JRSH exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| JRSH volatility | |
|---|---|
| JRSH Average Weekly Movement | 5.9% |
| Luxury Industry Average Movement | 6.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: JRSH has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: JRSH's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 6,000 | Samuel or Sam Choi | www.jerashholdings.com |
Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized, ready-made sportswear, and outerwear through knitted fabrics. The company offers t-shirts, jackets, vests, pants, shorts, and polo shirts, as well as personal protective equipment. It serves various brands and retailers in the United States, Hong Kong, Germany, China, Jordan, and internationally.
Jerash Holdings (US), Inc. Fundamentals Summary
| JRSH fundamental statistics | |
|---|---|
| Market cap | US$57.15m |
| Earnings (TTM) | US$3.54m |
| Revenue (TTM) | US$166.26m |
16.0x
P/E Ratio0.3x
P/S RatioIs JRSH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JRSH income statement (TTM) | |
|---|---|
| Revenue | US$166.26m |
| Cost of Revenue | US$139.48m |
| Gross Profit | US$26.78m |
| Other Expenses | US$23.25m |
| Earnings | US$3.54m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.28 |
| Gross Margin | 16.11% |
| Net Profit Margin | 2.13% |
| Debt/Equity Ratio | 11.9% |
How did JRSH perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield72%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/18 22:50 |
| End of Day Share Price | 2026/06/18 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Jerash Holdings (US), Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Baker | D.A. Davidson & Co. |
| Ryan Meyers | Lake Street Capital Markets, LLC |
| David King | Roth Capital Partners |