NasdaqCM:JRSH

Stock Analysis Report

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Executive Summary

Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. More Details


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

How has Jerash Holdings (US)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JRSH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: JRSH's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

JRSH

-1.5%

US Luxury

2.6%

US Market


1 Year Return

-9.0%

JRSH

26.8%

US Luxury

26.0%

US Market

Return vs Industry: JRSH underperformed the US Luxury industry which returned 26.8% over the past year.

Return vs Market: JRSH underperformed the US Market which returned 26% over the past year.


Shareholder returns

JRSHIndustryMarket
7 Day-1.1%-1.5%2.6%
30 Day2.4%-0.6%5.1%
90 Day15.3%12.0%17.1%
1 Year-5.4%-9.0%28.0%26.8%28.9%26.0%
3 Yearn/a66.1%58.7%46.3%36.6%
5 Yearn/a86.7%74.2%126.9%101.6%

Long-Term Price Volatility Vs. Market

How volatile is Jerash Holdings (US)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jerash Holdings (US) undervalued compared to its fair value and its price relative to the market?

13.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JRSH ($5.65) is trading above our estimate of fair value ($3.57)

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


Price To Earnings Ratio

PE vs Industry: JRSH is good value based on its PE Ratio (13.6x) compared to the US Luxury industry average (28.3x).

PE vs Market: JRSH is good value based on its PE Ratio (13.6x) compared to the US market (21.3x).


Price to Earnings Growth Ratio

PEG Ratio: JRSH is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: JRSH is good value based on its PB Ratio (1.1x) compared to the US Luxury industry average (2x).


Next Steps

Future Growth

How is Jerash Holdings (US) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

28.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JRSH's forecast earnings growth (28.8% per year) is above the savings rate (2%).

Earnings vs Market: JRSH's earnings (28.8% per year) are forecast to grow faster than the US market (21.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: JRSH's revenue (7.8% per year) is forecast to grow slower than the US market (10.6% per year).

High Growth Revenue: JRSH's revenue (7.8% 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 JRSH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Jerash Holdings (US) performed over the past 5 years?

-18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JRSH has high quality earnings.

Growing Profit Margin: JRSH's current net profit margins (5.5%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: JRSH's earnings have declined by 18.4% per year over the past 5 years.

Accelerating Growth: JRSH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JRSH had negative earnings growth (-28.2%) over the past year, making it difficult to compare to the Luxury industry average (-28.2%).


Return on Equity

High ROE: JRSH's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is Jerash Holdings (US)'s financial position?


Financial Position Analysis

Short Term Liabilities: JRSH's short term assets ($62.4M) exceed its short term liabilities ($11.5M).

Long Term Liabilities: JRSH's short term assets ($62.4M) exceed its long term liabilities ($1.6M).


Debt to Equity History and Analysis

Debt Level: JRSH's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if JRSH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: JRSH's debt is well covered by operating cash flow (778.8%).

Interest Coverage: Insufficient data to determine if JRSH's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Jerash Holdings (US) current dividend yield, its reliability and sustainability?

3.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JRSH's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.38%).

High Dividend: JRSH's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (3.85%).


Stability and Growth of Payments

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

Growing Dividend: JRSH has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.1%), JRSH's dividend payments are well 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?

2.8yrs

Average management tenure


CEO

Sam Choi (58 yo)

2.83yrs

Tenure

US$300,000

Compensation

Mr. Lin Hung Choi, also known as Sam, is Chairman and Chief Executive Officer of Jerash Holdings (US), Inc. since March 2018 and has been its President, Treasurer and Director of Jerash Holdings (US) Inc. ...


CEO Compensation Analysis

Compensation vs Market: Sam's total compensation ($USD300.00K) is below average for companies of similar size in the US market ($USD528.62K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lin Hung Choi
Chairman2.83yrsUS$300.00k38.02%
$ 24.3m
Gilbert Lee
Chief Financial Officer1.17yrsUS$204.24k0%
$ 0
Yang Wei
VP, Secretary & Director3.67yrsUS$66.10k2.13%
$ 1.4m
Tsze Lun Ng
Advisor & Head of Marketingno datano data8.73%
$ 5.6m

2.8yrs

Average Tenure

60yo

Average Age

Experienced Management: JRSH's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lin Hung Choi
Chairman2.83yrsUS$300.00k38.02%
$ 24.3m
Yang Wei
VP, Secretary & Director3.67yrsUS$66.10k2.13%
$ 1.4m
Bill Korn
Independent Director0.58yrno datano data
Chi Mak
Independent Director2.67yrsUS$75.00kno data
Ibrahim Hassan Saif
Independent Director1yrUS$18.75kno data

2.7yrs

Average Tenure

57yo

Average Age

Experienced Board: JRSH's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Jerash Holdings (US), Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jerash Holdings (US), Inc.
  • Ticker: JRSH
  • Exchange: NasdaqCM
  • Founded: 2016
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$63.986m
  • Shares outstanding: 11.33m
  • Website: https://www.jerashholdings.com

Number of Employees


Location

  • Jerash Holdings (US), Inc.
  • 277 Fairfield Road
  • Suite 338
  • Fairfield
  • New Jersey
  • 7004
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JRSHNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2018

Biography

Jerash Holdings (US), Inc., through its subsidiaries, manufactures and exports customized and ready-made sports and outerwear. The company offers jackets, polo shirts, t-shirts, pants, and shorts made from...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 01:08
End of Day Share Price2021/01/25 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.