JOANN Inc.

OTCPK:JOAN.Q Stok Raporu

Piyasa değeri: US$3.2m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

JOANN Geçmiş Kazanç Performansı

Geçmiş kriter kontrolleri 0/6

JOANN şirketinin kazançları yıllık ortalama -17.3% oranında azalırken, Specialty Retail sektörünün kazançları yıllık 3.6% oranında azalan oldu. Gelirler yıllık ortalama 3.2% oranında azalan oldu.

Anahtar bilgiler

-17.26%

Kazanç büyüme oranı

-12.76%

EPS büyüme oranı

Specialty Retail Sektör Büyümesi26.64%
Gelir büyüme oranı-3.17%
Özkaynak getirisin/a
Net Marj-11.10%
Son Kazanç Güncellemesi28 Oct 2023

Yakın geçmiş performans güncellemeleri

Recent updates

Seeking Alpha • Oct 12

JOANN: Digitalization Is Finally Paying Off

Summary After 75 years in business, Joann bills itself as the nation’s best seller of sewing and fabrics. I believe that management successfully changed the business from a traditional retailer into a digital shop. Let’s keep in mind that Joann owns a massive database with many customers, and offers very different purchasing channels. With correct marketing efforts, Joann will likely see sales growth. JOANN Inc. (JOAN) appears to be receiving a lot of attention after making significant efforts to transform itself into a digital shop. Analysts are expecting an increase in free cash flow. Under my own assumptions that include correct assessment of the database and more suppliers from Asia, I think the fair price is significantly higher than the stock price. I see risks from tariffs to Asian products in the United States and lack of innovation. However, from here, the downside risk in the stock price does seem very limited. JOANN: From A Traditional Retailer Into A Digital Shop After 75 years in business, JOANN bills itself as the nation’s best seller of sewing and fabrics. The recent increase in customers is the first thing that seems worth mentioning. Since February 1, 2020, the company got close to 10 million new customers. Source: Company’s Website In my view, after the transformation of the company that started in 2016, the numbers are getting better and better. I believe that management successfully changed the business from a traditional retailer into a digital shop. The acceleration of the free cash flow that many analysts out there are expecting is a great reason to review the new business model. Balance Sheet As of July 30, 2022, a total of cash and cash equivalents of $21.5 million was reported, with inventories of $749.9 million, other current assets of $78.5 million, and total current assets of $849.9 million. The property, equipment and leasehold improvements were worth $285.5 million in addition to goodwill worth $162 million and intangible assets of $371.5 million. Total assets stand at $2.53 billion. I believe that the company’s numbers in 2022 are a bit better than that in 2021. Source: 10-Q With regards to the list of liabilities, JOANN reported a total of accounts payable of $272.3 million, accrued expenses of $140.4 million, and current portion of operating lease liabilities of $159 million. The current portion of long term debt was equal to only $6.8 million in addition to total current liabilities of $587.5 million. With long term debt worth $1.012 billion and long term operating lease liability of $771.3 million, I believe that the company’s contractual obligations don’t seem that significant. Keep in mind that market estimates include 2025 FCF close to $306 million. Source: 10-Q Free Cash Flow Is Expected To Trend North In The Next Three Years Investment analysts expect that JOANN will, by 2025, likely report a total net sales of $2.3 billion as compared to $2.2 billion in 2023. Besides, EBITDA is expected to increase from $135 million in 2023 to $243 million in 2025. The EBITDA margin is also expected to stand at around 6.05%-7.33%. Source: seekingalpha.com/symbol/JOAN/earnings/estimates In 2025, in addition to an operating profit of $91 million and an operating margin of 6%, the net income is expected to be $23.4 million. Finally, the free cash flow will likely stand at around $306 million with FCF/sales of 13.27%. In sum, in my view, the investment community expects to see better numbers in the coming years. With Correct Assessment Of The Company’s Database And Correct Purchase Of Inventory From Asia, I Obtained A Fair Price Of $10.27 Per Share Under normal conditions, I expect a lot from the company’s digital interactions through online communities and social media platforms. Let’s keep in mind that JOANN owns a massive database with many customers, and offers very different purchasing channels. With correct marketing efforts, JOANN will likely see sales growth: As of the end of fiscal 2022, we had approximately 77 million addressable customers in our vast database. Customers have the ability to shop their local store location online, with convenient omni-channel services available like BOPIS or curbside pickup. Customers can also choose to order direct to home, with extended aisle offerings across all major product categories. For customers seeking to purchase in greater quantities, we offer low pricing for bulk purchases through our JOANN+ service on joann.com. Source: 10-k I also believe that the company’s EBITDA margins will remain solid because JOANN buys cheap supply materials in cheap jurisdictions. In my view, if management buys even more from sources in Pakistan, India, Vietnam, Taiwan, Turkey, China, and South Korea, we could see an increase in the EBITDA margin. The fact that the company recently opened a foreign sourcing office in Shanghai indicates that management is willing to go abroad: During fiscal 2022, we sourced approximately 64% of our purchases from domestic suppliers with the remaining approximately 36% of our products coming directly from manufacturers located in foreign countries, of which over one-third is sourced from China. To further support our direct sourcing strategic initiative, we opened our foreign sourcing office in Shanghai, China in 2018. We continue to diversify our internationally sourced products by expanding in several other countries, including Pakistan, India, Vietnam, Taiwan, Turkey and South Korea. Source: 10-k I am also quite optimistic about the company’s logistics and quality control. Let’s keep in mind that JOANN owns distribution centers. A significant portion of its products is stored in-house. It means that management can really detect issues in supply chain or a decrease in quality: As of January 29, 2022, approximately 89% of the products in our store locations were shipped through our distribution center network, with the remaining 11% of our purchases shipped directly from our suppliers to our store locations. Source: 10-k
Seeking Alpha • Sep 01

Joann names new CFO

Joann (NASDAQ:JOAN) announced Thursday the appointment of Scott Sekella as its senior vice president and chief financial officer, effective Sept. 26, 2022.  Most recently, Sekella served as vice president, Corporate FP&A at Under Armour and prior to which Sekella held roles at Crocs, Inc., where he ultimately served as VP and Global Controller. Previously, he held roles overseeing several aspects of Finance at Henkel of America, Pfizer and Ford Motor Company. On Wednesday: JOANN drops after Bank of America downgrades due to slowing demand trends
Analiz Makalesi • Aug 23

JOANN's (NASDAQ:JOAN) Dividend Will Be $0.11

JOANN Inc.'s ( NASDAQ:JOAN ) investors are due to receive a payment of $0.11 per share on 23rd of September. Based on...
Seeking Alpha • Aug 19

JOANN declares $0.11 dividend

JOANN (NASDAQ:JOAN) declares $0.11/share quarterly dividend, in line with previous. Forward yield 4.25% Payable Sept. 23; for shareholders of record Sept. 9; ex-div Sept. 8. See JOAN Dividend Scorecard, Yield Chart, & Dividend Growth.
Analiz Makalesi • Jul 04

Here's What's Concerning About JOANN's (NASDAQ:JOAN) Returns On Capital

What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...
Seeking Alpha • Jun 27

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.
Analiz Makalesi • Jun 08

Results: JOANN Inc. Delivered A Surprise Loss And Now Analysts Have New Forecasts

Last week, you might have seen that JOANN Inc. ( NASDAQ:JOAN ) released its first-quarter result to the market. The...
Analiz Makalesi • May 24

JOANN (NASDAQ:JOAN) Has Re-Affirmed Its Dividend Of US$0.11

JOANN Inc. ( NASDAQ:JOAN ) has announced that it will pay a dividend of US$0.11 per share on the 24th of June. This...

Gelir ve Gider Dağılımı

JOANN nasıl para kazanır ve harcar. LTM bazında en son bildirilen kazançlara dayanmaktadır.

Kazanç ve Gelir Geçmişi

OTCPK:JOAN.Q Gelir, gider ve kazançlar (USD Millions )
TarihGelirKazançlarG+A GiderleriAr-Ge Giderleri
28 Oct 232,165-2401,0930
29 Jul 232,188-2361,0890
29 Apr 232,197-2201,0770
28 Jan 232,217-2011,0740
29 Oct 222,259-961,0650
30 Jul 222,308-561,0540
30 Apr 222,34171,0420
29 Jan 222,418571,0330
30 Oct 212,523811,0660
31 Jul 212,6261061,1010
01 May 212,8372511,1380
30 Jan 212,7622121,1320
31 Oct 202,617-1841,0720
01 Feb 202,241-5479770
02 Feb 192,325359510
03 Feb 182,314979390

Kaliteli Kazançlar: JOAN.Q şu anda kârlı değil.

Büyüyen Kar Marjı: JOAN.Q şu anda kârlı değil.

Serbest Nakit Akışı ve Kazanç Analizi

Geçmiş Kazanç Büyüme Analizi

Kazanç Eğilimi: JOAN.Q kârlı değildir ve zararlar son 5 yılda yılda 17.3% oranında artmıştır.

Büyüme Hızlandırma: JOAN.Q 'un son bir yıldaki kazanç büyümesinin 5 yıllık ortalamasıyla karşılaştırılması mümkün değil çünkü şu anda kârlı değil

Kazançlar vs. Sektör: JOAN.Q kârlı olmadığından, geçmiş yıl kazanç büyümesinin Specialty Retail sektörüyle ( -1.1% ) karşılaştırılması zorlaşıyor.

Özkaynak Getirisi

Yüksek ROE: JOAN.Q 'un yükümlülükleri varlıklarından fazla olduğundan Özsermaye Getirisi'ni hesaplamak zordur.

Varlık Getirisi

Kullanılan Sermaye Getirisi

Geçmişte güçlü performans gösteren şirketleri keşfedin

7D

1Y

7D

1Y

7D

1Y

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2024/05/01 21:34
Gün Sonu Hisse Fiyatı2024/05/01 00:00
Kazançlar2023/10/28
Yıllık Kazançlar2023/01/28

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

JOANN Inc. 7 Bu analistlerden 0, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Elizabeth SuzukiBofA Global Research
Steven ForbesGuggenheim Securities, LLC
Laura ChampineLoop Capital Markets