company background image
JOAN

JOANN NasdaqGM:JOAN Stock Report

Last Price

US$7.84

Market Cap

US$318.8m

7D

-12.8%

1Y

-44.9%

Updated

21 May, 2022

Data

Company Financials +
JOAN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends3/6

JOAN Stock Overview

JOANN Inc. operates as a specialty retailer of sewing and fabrics, and arts and crafts category products in the United States.

JOANN Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JOANN
Historical stock prices
Current Share PriceUS$7.84
52 Week HighUS$17.50
52 Week LowUS$7.39
Beta0
1 Month Change-25.90%
3 Month Change-32.12%
1 Year Change-44.94%
3 Year Changen/a
5 Year Changen/a
Change since IPO-36.00%

Recent News & Updates

Shareholder Returns

JOANUS Specialty RetailUS 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

Is JOAN's price volatile compared to industry and market?
JOAN volatility
JOAN Average Weekly Movement9.0%
Specialty Retail Industry Average Movement8.7%
Market Average Movement7.9%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.0%

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

FoundedEmployeesCEOWebsite
194313,530Wade Miquelonhttps://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

How do JOANN's earnings and revenue compare to its market cap?
JOAN fundamental statistics
Market CapUS$318.83m
Earnings (TTM)US$56.70m
Revenue (TTM)US$2.42b

5.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JOAN income statement (TTM)
RevenueUS$2.42b
Cost of RevenueUS$1.20b
Gross ProfitUS$1.21b
Other ExpensesUS$1.16b
EarningsUS$56.70m

Last Reported Earnings

Jan 29, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.39
Gross Margin50.16%
Net Profit Margin2.34%
Debt/Equity Ratio524.3%

How did JOAN perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

22%

Payout Ratio

Valuation

Is JOANN undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation 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

3/6

Future 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

1/6

Past 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

1/6

Financial 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

4/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/01/29
Annual Earnings2022/01/29


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.