Johnson Outdoors Stock Intrinsic Value – Johnson Outdoors Reports Strong Q4 Earnings Results for FY2023
December 16, 2023
☀️Earnings Overview
On December 8 2023, JOHNSON OUTDOORS ($NASDAQ:JOUT) reported their FY2023 fourth quarter earnings results, for the period ending September 30 of the same year. Total revenue was USD 96.3 million, a decrease of 50.9% from the same period in the prior year. Net income came in at USD -16.0 million, compared to USD 9.6 million the year before.
Share Price
On Friday, Johnson Outdoors reported strong fourth quarter earnings results for its fiscal year 2023. The company’s stock opened at $48.3 and closed at $49.1, a decrease of 9.9% from its previous closing price of 54.5. Despite this, the company still saw overall positive financial results. Johnson Outdoors’s strong performance was helped by strong demand for their outdoor recreation products such as fishing and camping gear.
Overall, the company’s strong Q4 earnings have given investors confidence in Johnson Outdoors’s ability to weather the current market climate and remain profitable. Looking ahead, the company is continuing to invest in new product innovation in order to ensure their continued success in the years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Johnson Outdoors. More…
| Total Revenues | Net Income | Net Margin |
| 663.84 | 19.53 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Johnson Outdoors. More…
| Operations | Investing | Financing |
| 69.48 | -31.68 | -12.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Johnson Outdoors. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 681.61 | 181.87 | 50.77 |
Key Ratios Snapshot
Some of the financial key ratios for Johnson Outdoors are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.8% | -45.1% | 1.8% |
| FCF Margin | ROE | ROA |
| 6.6% | 1.4% | 1.1% |
Analysis – Johnson Outdoors Stock Intrinsic Value
Our team at GoodWhale has completed an analysis of JOHNSON OUTDOORS‘s financials, and our proprietary Valuation Line indicates that the fair value of JOHNSON OUTDOORS share is around $80.5. Currently, JOHNSON OUTDOORS stock is traded at $49.1, which is undervalued by 39.0%. We believe that this presents an attractive opportunity for potential investors looking for a profitable long-term investment. More…
Peers
Johnson Outdoors Inc is one of the leading outdoor recreation companies in the world, known for its cutting-edge products and innovative designs. It is a major player in the outdoor recreation industry, competing with other big names such as Clarus Corp, Goodbaby International Holdings Ltd, and Perfectech International Holdings Ltd. All four companies are committed to providing quality products and services to their customers.
– Clarus Corp ($NASDAQ:CLAR)
Clarus Corporation is a provider of outdoor equipment and apparel products. Founded in 1972, the company has grown to become a leading player in the outdoor industry, providing innovative and high-quality products to millions of customers worldwide. The company has a current market capitalization of 290.37M as of 2022, which is indicative of its financial strength and success over the years. Additionally, Clarus Corporation has a Return on Equity of 4.82%, which is above the industry average and demonstrates its ability to efficiently manage its assets and generate profits.
– Goodbaby International Holdings Ltd ($SEHK:01086)
Goodbaby International Holdings Ltd is a leading manufacturer and distributor of juvenile products in the Asia-Pacific region. The company has a market capitalization of 1.05 billion dollars as of 2022. This value reflects the overall market value of the company’s outstanding shares. Goodbaby International Holdings Ltd also has a Return on Equity (ROE) of 0.8%. This indicates that the company is able to generate returns from its shareholders’ funds. The company designs, produces, and distributes a variety of juvenile products, including car seats, strollers, infant beds, and baby feeding products. In addition, it provides services such as technical support, marketing, and customer service.
– Perfectech International Holdings Ltd ($SEHK:00765)
Perfectech International Holdings Ltd is a Hong Kong-based company that primarily manufactures and sells precision industrial machinery and equipment. As of 2022, the company had a market capitalization of 209.23M, indicating the total value of its outstanding shares. Furthermore, its Return on Equity (ROE) was -0.16%, indicating that it was not able to generate profits from the shareholders’ equity. The company’s financial performance was likely affected by the economic downturn caused by the coronavirus pandemic.
Summary
JOHNSON OUTDOORS reported disappointing financial results for their fourth quarter of FY2023. Total revenue decreased by 50.9% compared to the same period last year, and net income was a loss of USD -16.0 million. This resulted in a notable drop in stock price on the same day.
Investors should take caution when considering investing in JOHNSON OUTDOORS, as the company’s recent performance has been poor. A further analysis of the company’s long-term financial trends may be necessary to determine the best course of action for potential investors.
