| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 1/6 |
| Dividends | 3/6 |
JOAN Stock Overview
JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States.
Rewards
Risk Analysis
+ 1 more risk
JOANN Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.84 |
| 52 Week High | US$17.50 |
| 52 Week Low | US$7.39 |
| Beta | 0 |
| 1 Month Change | -25.90% |
| 3 Month Change | -32.12% |
| 1 Year Change | -44.94% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -36.00% |
Recent News & Updates
Shareholder Returns
| JOAN | US Specialty Retail | US Market | |
|---|---|---|---|
| 7D | -12.8% | -8.9% | -2.7% |
| 1Y | -44.9% | -28.3% | -12.9% |
Return vs Industry: JOAN underperformed the US Specialty Retail industry which returned -24.2% over the past year.
Return vs Market: JOAN underperformed the US Market which returned -12.7% over the past year.
Price Volatility
| JOAN volatility | |
|---|---|
| JOAN Average Weekly Movement | 9.0% |
| Specialty Retail Industry Average Movement | 8.7% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: JOAN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: JOAN's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1943 | 13,530 | Wade Miquelon | https://www.joann.com |
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 | |
|---|---|
| Market Cap | US$318.83m |
| Earnings (TTM) | US$56.70m |
| Revenue (TTM) | US$2.42b |
5.6x
P/E Ratio0.1x
P/S RatioIs JOAN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JOAN income statement (TTM) | |
|---|---|
| Revenue | US$2.42b |
| Cost of Revenue | US$1.20b |
| Gross Profit | US$1.21b |
| Other Expenses | US$1.16b |
| Earnings | US$56.70m |
Last Reported Earnings
Jan 29, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.39 |
| Gross Margin | 50.16% |
| Net Profit Margin | 2.34% |
| Debt/Equity Ratio | 524.3% |
How did JOAN perform over the long term?
See historical performance and comparisonDividends
5.6%
Current Dividend Yield22%
Payout RatioValuation
Is JOANN undervalued compared to its fair value and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: JOAN ($7.84) is trading below our estimate of fair value ($73.1)
Significantly Below Fair Value: JOAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: JOAN is good value based on its PE Ratio (5.6x) compared to the US Specialty Retail industry average (6.2x).
PE vs Market: JOAN is good value based on its PE Ratio (5.6x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: JOAN is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: JOAN is overvalued based on its PB Ratio (2.1x) compared to the US Specialty Retail industry average (1.8x).
Future Growth
How is JOANN forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JOAN's forecast earnings growth (15.1% per year) is above the savings rate (1.9%).
Earnings vs Market: JOAN's earnings (15.1% per year) are forecast to grow faster than the US market (12.5% per year).
High Growth Earnings: JOAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: JOAN's revenue (1.1% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: JOAN's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JOAN's Return on Equity is forecast to be high in 3 years time (28.3%)
Past Performance
How has JOANN performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
20.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JOAN has a large one-off gain of $24.0M impacting its January 29 2022 financial results.
Growing Profit Margin: JOAN's current net profit margins (2.3%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: JOAN's earnings have grown significantly by 20.5% 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 (-72.7%) over the past year, making it difficult to compare to the Specialty Retail industry average (82.9%).
Return on Equity
High ROE: Whilst JOAN's Return on Equity (37.85%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is JOANN's financial position?
Financial Health Score
1/6Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: JOAN's short term assets ($720.3M) exceed its short term liabilities ($576.8M).
Long Term Liabilities: JOAN's short term assets ($720.3M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: JOAN's net debt to equity ratio (509.3%) 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 (1.8x coverage).
Balance Sheet
Dividend
What is JOANN current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JOAN's dividend (5.61%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: JOAN's dividend (5.61%) is in the top 25% of dividend payers in the US market (4.09%)
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 low payout ratio (21.6%), JOAN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: JOAN is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Wade Miquelon (56 yo)
3.58yrs
Tenure
US$2,431,858
Compensation
Mr. Wade D. Miquelon has been the Chief Executive Officer and President of Joann Inc. since October 2018 and has been its Director since February 2019. Prior to that, Mr. Miquelon served as an Executive Vi...
CEO Compensation Analysis
Compensation vs Market: Wade's total compensation ($USD2.43M) is about average for companies of similar size in the US market ($USD2.60M).
Compensation vs Earnings: Insufficient data to compare Wade's compensation with company performance.
Leadership Team
Experienced Management: JOAN's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: JOAN's board of directors are considered experienced (4 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
JOANN Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: JOANN Inc.
- Ticker: JOAN
- Exchange: NasdaqGM
- Founded: 1943
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: US$318.833m
- Shares outstanding: 40.67m
- Website: https://www.joann.com
Number of Employees
Location
- JOANN Inc.
- 5555 Darrow Road
- Hudson
- Ohio
- 44236
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/21 00:00 |
| End of Day Share Price | 2022/05/20 00:00 |
| Earnings | 2022/01/29 |
| Annual Earnings | 2022/01/29 |
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.