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JBSS

John B. Sanfilippo & Son NasdaqGS:JBSS Stock Report

Last Price

US$71.53

Market Cap

US$824.5m

7D

-4.6%

1Y

-19.3%

Updated

12 Aug, 2022

Data

Company Financials
JBSS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

JBSS Stock Overview

John B. Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States.

John B. Sanfilippo & Son, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for John B. Sanfilippo & Son
Historical stock prices
Current Share PriceUS$71.53
52 Week HighUS$92.10
52 Week LowUS$67.02
Beta0.28
1 Month Change-3.88%
3 Month Change-5.48%
1 Year Change-19.34%
3 Year Change-11.57%
5 Year Change13.02%
Change since IPO496.08%

Recent News & Updates

Jul 18

John B. Sanfilippo & Son: Add A Little Nutty To Your Portfolio

John B. Sanfilippo & Son is an interesting business with a history of stability but a lack of growth. Recent performance has been mixed, but the overall picture for the business appears solid. Shares are cheap relative to some similar firms and aren't all that bad on an absolute basis. One of my favorite things about investing is the sheer variety of companies that are out there to analyze. I especially find joy in discovering a business that has a very specific niche in which it operates and does so in a way that creates attractive value for its investors. One example of a company that fits this description is John B. Sanfilippo & Son (JBSS). In recent years, there has been no clear trend when it comes to the company's revenue and profitability. But for the most part, its numbers have remained in a fairly narrow range, indicating stability. Given the stability and how cheap shares are relative to similar firms, I do believe that it represents an interesting investment opportunity. This is far from a strong prospect, but I do think it makes for a soft ‘buy’ one at this time. One nutty business According to the management team at John B. Sanfilippo & Son, the company operates as one of the leading processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the US. The nuts it produces are sold under a few key brands, such as Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Sunshine Country. In addition to this, it also sells its products under private label brands as well. More specifically, the company's primary products are raw and processed nuts. During its latest fiscal year, these made up 70% of the company's revenue. The company acquires all of its peanuts and walnuts directly from domestic growers. The majority of its pecans are also purchased from domestic growers, with some suppliers having operations in Mexico. To cover the rest of demand, the company also relies on trading companies and various domestic processors. The company also produces and sells peanut butter, as well as a wide assortment of other food and snack products. Examples include snack mixes, salad toppings, snacks, trail mixes, dried fruit, and other related products. The company then sells these products to roughly 255 customers through a mixture of its consumer, commercial ingredient, and contract packaging distribution channels. Though not a major portion of the business, the company does also have a retail store at its headquarters that sells snack and baking products, bulk foods, and other related offerings. It would be helpful to understand a bit more about the company's product mix. Last year, trail and snack mix products made up the largest portion of its revenue, accounting for 24.7% of sales in all. This was followed by cashews and mixed nuts at 23.3%. Peanuts made up 19.3% of revenue, while almonds comprised 10.8%. Another way to look at the company is through the lens of its customer. 79.9% of the company's revenue in its 2021 fiscal year were made to the consumer category. 10.8% of revenue went to the commercial ingredients category. And the remaining 9.3% went to the contract packaging space. Author - SEC EDGAR Data Over the past few years, the financial performance of the company has been remarkably consistent. Revenue has not shown any clear trend, instead sticking around in a fairly narrow range of between $846.6 million and $888.9 million over the past five years. Although the company does have a history that shows no real growth, the current fiscal year might be a bit different. During the first nine months of its 2022 fiscal year, the company generated revenue of $698.1 million. That's 7.1% higher than the $651.7 million reported just one year earlier. The largest contributor to this rise in sales was sales volume, which added 5.6% to the company stop line. Higher pricing, meanwhile, contributed to the tune of 1.5%. Author - SEC EDGAR Data When it comes to profitability, the picture has been fairly similar to what we have seen when looking at revenue. Net income has shown something of a trend. After seeing profits dip from $36.1 million in 2017 to $32.5 million in 2018, they then continued to climb, eventually hitting $59.7 million last year. Operating cash flow, meanwhile, has not shown really any trend. The metric has bounced around between a low point of $52.7 million and a high point of $104.7 million. But if we adjust for changes in working capital, we would see the trend rise consistently year after year, climbing from $52.5 million in 2017 to $79.1 million last year. A similar uptrend can be seen when looking at EBITDA, with the metric dipping from $72.6 million in 2017 to $68.2 million in 2018. From there, it ultimately began a consistent year-over-year improvement, hitting $97.3 million in 2021. Although revenue has come in higher this year, profitability has been a bit on the weak side. Net income in the first three quarters of 2022 totaled $44.4 million. That's down slightly from the $47.4 million generated the same time one year earlier. Operating cash flow plunged from 77 million dollars to negative $12.6 million. But if we adjust for changes in working capital, it would have dipped from $62.4 million to $59.9 million. Meanwhile, EBITDA also worsened, dropping from $76.1 million to $71.4 million.

Jul 07

John B. Sanfilippo & Son raises dividend 7.1% to $0.75/share

John B. Sanfilippo & Son (NASDAQ:JBSS) declares $0.75/share annual dividend, 7.1% increase from prior dividend of $0.70.In addition, the company declares special dividend of $1.50 per share payable on the same dates. Forward yield 2.07% Payable Aug. 31; for shareholders of record Aug. 12; ex-div Aug. 11. See JBSS Dividend Scorecard, Yield Chart, & Dividend Growth.

Jun 28
Is John B. Sanfilippo & Son (NASDAQ:JBSS) A Risky Investment?

Is John B. Sanfilippo & Son (NASDAQ:JBSS) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

JBSSUS FoodUS Market
7D-4.6%1.2%3.2%
1Y-19.3%5.0%-10.1%

Return vs Industry: JBSS underperformed the US Food industry which returned 5.6% over the past year.

Return vs Market: JBSS underperformed the US Market which returned -11.7% over the past year.

Price Volatility

Is JBSS's price volatile compared to industry and market?
JBSS volatility
JBSS Average Weekly Movement3.1%
Food Industry Average Movement6.2%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

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

Volatility Over Time: JBSS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19221,300Jeffrey Sanfilippohttps://www.jbssinc.com

John B. Sanfilippo & Son, Inc., through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings. It also offers peanut butter in various sizes and varieties; snack and trail mixes, salad toppings, snacks, snack bites, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond and cashew butter, candy and confections, corn snacks, chickpea snacks, sesame sticks, and other sesame snack products; and various toppings for ice cream and yogurt.

John B. Sanfilippo & Son, Inc. Fundamentals Summary

How do John B. Sanfilippo & Son's earnings and revenue compare to its market cap?
JBSS fundamental statistics
Market CapUS$824.45m
Earnings (TTM)US$56.72m
Revenue (TTM)US$904.86m

14.5x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JBSS income statement (TTM)
RevenueUS$904.86m
Cost of RevenueUS$714.61m
Gross ProfitUS$190.26m
Other ExpensesUS$133.54m
EarningsUS$56.72m

Last Reported Earnings

Mar 24, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.92
Gross Margin21.03%
Net Profit Margin6.27%
Debt/Equity Ratio31.0%

How did JBSS perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

14%

Payout Ratio