JOAN Stock Overview
JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States.
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Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.15|
|52 Week High||US$16.65|
|52 Week Low||US$6.23|
|1 Month Change||-1.93%|
|3 Month Change||-30.87%|
|1 Year Change||-47.79%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-33.47%|
Recent News & Updates
JOANN: Poor Fundamentals Keep Us Bearish
Joann reported its Q1 results with a widening loss and weak sales. While the company expects supply chain challenges to improve going forward, we don't see much room for a turnaround. We expect poor fundamentals including a large debt to keep risks tilted to the downside.
|JOAN||US Specialty Retail||US Market|
Return vs Industry: JOAN underperformed the US Specialty Retail industry which returned -27.1% over the past year.
Return vs Market: JOAN underperformed the US Market which returned -18.8% over the past year.
|JOAN Average Weekly Movement||12.3%|
|Specialty Retail Industry Average Movement||8.8%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: JOAN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: JOAN's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States. Its products in sewing category include cotton fabrics; warm fabrics, such as fleece and flannel fabrics; home decorating and utility fabrics and accessories; fashion and sportswear fabrics; special occasion fabrics; seasonally themed and licensed fabric designs; and sewing construction supplies comprising cutting implements, threads, zippers, trims, tapes, pins, elastic, and buttons, as well as patterns for sewing projects. The company’s products in arts and crafts, home décor, and other category consist of yarn and yarn accessories, and needlecraft kits and supplies; paper crafting components; craft materials; fine art materials; sewing machines, craft technology, lighting, irons, organizers, and other products; artificial floral products; seasonal décor and entertaining products; home décor accessories; ready-made frames; comprehensive assortment books and magazines; and non-merchandise services.
JOANN Fundamentals Summary
|JOAN fundamental statistics|
Is JOAN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|JOAN income statement (TTM)|
|Cost of Revenue||US$1.19b|
Last Reported Earnings
Apr 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.16|
|Net Profit Margin||0.28%|
How did JOAN perform over the long term?See historical performance and comparison
5.4%Current Dividend Yield
Is JOAN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for JOAN?
Other financial metrics that can be useful for relative valuation.
|What is JOAN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does JOAN's PE Ratio compare to its peers?
|JOAN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TCS Container Store Group
BGFV Big 5 Sporting Goods
SPWH Sportsman's Warehouse Holdings
BBW Build-A-Bear Workshop
Price-To-Earnings vs Peers: JOAN is expensive based on its Price-To-Earnings Ratio (51x) compared to the peer average (4.2x).
Price to Earnings Ratio vs Industry
How does JOAN's PE Ratio compare vs other companies in the US Specialty Retail Industry?
Price-To-Earnings vs Industry: JOAN is expensive based on its Price-To-Earnings Ratio (51x) compared to the US Specialty Retail industry average (6.3x)
Price to Earnings Ratio vs Fair Ratio
What is JOAN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||51x|
|Fair PE Ratio||26.2x|
Price-To-Earnings vs Fair Ratio: JOAN is expensive based on its Price-To-Earnings Ratio (51x) compared to the estimated Fair Price-To-Earnings Ratio (26.2x).
Share Price vs Fair Value
What is the Fair Price of JOAN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: JOAN ($8.15) is trading below our estimate of fair value ($61.93)
Significantly Below Fair Value: JOAN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: JOAN is good value based on its PEG Ratio (0.9x)
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How is JOANN forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JOAN's forecast earnings growth (58.4% per year) is above the savings rate (1.9%).
Earnings vs Market: JOAN's earnings (58.4% per year) are forecast to grow faster than the US market (13.8% per year).
High Growth Earnings: JOAN's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: JOAN's revenue (2.1% per year) is forecast to grow slower than the US market (8.3% per year).
High Growth Revenue: JOAN's revenue (2.1% 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 JOAN's Return on Equity is forecast to be high in 3 years time
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How has JOANN performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JOAN has a large one-off gain of $22.9M impacting its April 30 2022 financial results.
Growing Profit Margin: JOAN's current net profit margins (0.3%) are lower than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: JOAN's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: JOAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: JOAN had negative earnings growth (-97.4%) over the past year, making it difficult to compare to the Specialty Retail industry average (40.3%).
Return on Equity
High ROE: JOAN's Return on Equity (5.7%) is considered low.
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How is JOANN's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: JOAN's short term assets ($755.0M) exceed its short term liabilities ($497.7M).
Long Term Liabilities: JOAN's short term assets ($755.0M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: JOAN's net debt to equity ratio (796.1%) is considered high.
Reducing Debt: Insufficient data to determine if JOAN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: JOAN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: JOAN's interest payments on its debt are not well covered by EBIT (0.6x coverage).
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What is JOANN current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JOAN's dividend (5.4%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: JOAN's dividend (5.4%) is in the top 25% of dividend payers in the US market (4.25%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether JOAN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if JOAN's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (260.9%), JOAN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: JOAN is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wade Miquelon (56 yo)
Mr. Wade D. Miquelon has been the Chief Executive Officer and President of Joann Inc. since October 2018 and has been its Director since February 2019. Prior to that, Mr. Miquelon served as an Executive Vi...
CEO Compensation Analysis
Compensation vs Market: Wade's total compensation ($USD2.43M) is about average for companies of similar size in the US market ($USD2.75M).
Compensation vs Earnings: Insufficient data to compare Wade's compensation with company performance.
Experienced Management: JOAN's management team is considered experienced (3.2 years average tenure).
Experienced Board: JOAN's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: JOAN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
JOANN Inc.'s employee growth, exchange listings and data sources
- Name: JOANN Inc.
- Ticker: JOAN
- Exchange: NasdaqGM
- Founded: 1943
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: US$331.440m
- Shares outstanding: 40.67m
- Website: https://www.joann.com
Number of Employees
- JOANN Inc.
- 5555 Darrow Road
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/28 00:00|
|End of Day Share Price||2022/06/28 00:00|
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.