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Janus International Group (JBI)
NYSE:JBI
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Janus International Group
(NYSE:JBI)
66Neutral
Positive Factors
Project Deferrals
JBI anticipates project deferrals could be released as the macroeconomic environment stabilizes.
Negative Factors
Financial Guidance
Management has reduced its guidance in consecutive quarters, indicating lowered expectations.
Price Cuts
The company is cutting prices due to falling steel prices and new market entrants.
Project Delays
JBI is experiencing project delays, particularly on the non-institutional side.
Janus International Group (JBI) vs. S&P 500 (SPY)
Market Cap
$1.01B
Dividend YieldN/A
Average Volume (3M)1.55M
Price to Earnings (P/E)14.9
Beta (1Y)0.94
Revenue Growth-9.61%
EPS Growth-47.79%
CountryUS
Employees1,883
SectorIndustrials
Sector Strength65
IndustryConstruction
Share Statistics
EPS (TTM)0.48
Shares Outstanding140,310,730
10 Day Avg. Volume1,570,956
30 Day Avg. Volume1,554,222
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.16
Price to Cash Flow (P/CF)5.40
P/FCF Ratio5.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$11.00Price Target Upside53.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Janus International Group Business Overview & Revenue Model
Company DescriptionJanus International Group, Inc. manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies. The company also provides Noke smart entry system. Janus International Group, Inc. was founded in 2002 and is headquartered in Temple, Georgia.
How the Company Makes MoneyJanus International Group generates revenue primarily through the manufacture and sale of its products, which include self-storage doors, hallway systems, relocatable storage, and commercial rolling doors. The company also earns income from its technology solutions, including access control and facility management systems, which are increasingly important as customers seek integrated solutions. Key revenue streams for JBI include direct sales to self-storage and commercial facility operators, as well as through partnerships with contractors and distributors. Significant factors contributing to its earnings include the growing demand for self-storage space, increased adoption of automation technologies in facility management, and expansion into international markets.
Janus International Group Financial Statement Overview
Summary
Janus International Group shows a stable financial position with strengths in revenue generation and cash flow management. Despite a dip in profit margins and free cash flow growth in 2024, the company's improved leverage position and consistent revenue growth over the years present a positive outlook. Continued focus on operational efficiency and profitability will be crucial for maintaining a strong financial stance.Income Statement
Janus International Group has shown a consistent increase in total revenue from 2020 to 2023, with a slight dip in 2024. The gross profit margin and net profit margin have remained strong, with the latest figures at 41.3% and 7.3% respectively. However, there was a noticeable decline in EBIT and EBITDA margins in 2024, indicating potential operational challenges.70
Positive
Balance Sheet
The company's debt-to-equity ratio has significantly improved from 2020 to 2023, showcasing better leverage management. However, the equity ratio remains moderate at 39.9% in 2024. Return on Equity has decreased, indicating a reduction in profitability relative to shareholders' equity.65
Positive
Cash Flow
Janus International Group has demonstrated strong free cash flow generation, with an increase from 2022 to 2023. The operating cash flow to net income ratio is robust, highlighting efficient cash generation from operations. However, the free cash flow growth rate turned negative in 2024, suggesting potential challenges in sustaining cash flow levels.75
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 963.80M | 1.07B | 1.02B | 750.15M | 548.97M | Gross Profit |
| 397.80M | 449.70M | 364.93M | 251.36M | 203.82M | EBIT |
| 146.60M | 245.70M | 187.48M | 92.40M | 94.52M | EBITDA |
| 193.90M | 286.00M | 230.26M | 121.20M | 125.38M | Net Income Common Stockholders |
| 70.40M | 135.70M | 107.70M | 43.80M | 56.84M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 149.30M | 171.70M | 78.37M | 13.19M | 45.26M | Total Assets |
| 1.30B | 1.35B | 1.27B | 1.12B | 873.48M | Total Debt |
| 8.80M | 667.30M | 708.20M | 718.15M | 624.13M | Net Debt |
| -140.50M | 495.60M | 629.82M | 704.96M | 578.87M | Total Liabilities |
| 782.50M | 830.40M | 895.33M | 853.72M | 732.61M | Stockholders Equity |
| 518.80M | 519.60M | 375.29M | 268.29M | 140.87M |
| Cash Flow | Free Cash Flow | |||
| 133.90M | 196.00M | 79.66M | 54.96M | 94.51M | Operating Cash Flow |
| 154.00M | 215.00M | 88.47M | 74.83M | 100.85M | Investing Cash Flow |
| -73.10M | -19.90M | -8.69M | -189.89M | -10.77M | Financing Cash Flow |
| -103.00M | -102.40M | -14.65M | 82.80M | -64.13M |
Janus International Group Technical Analysis
Negative
7.18
Price Trends
8.07
Negative
7.75
Negative
9.53
Negative
Market Momentum
-0.18
Positive
33.34
Neutral
7.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JBI, the sentiment is Negative. The current price of 7.18 is below the 20-day moving average (MA) of 7.96, below the 50-day MA of 8.07, and below the 200-day MA of 9.53, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 33.34 is Neutral, neither overbought nor oversold. The STOCH value of 7.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JBI.
Janus International Group Risk Analysis
Janus International Group disclosed 47 risk factors in its most recent earnings report. Janus International Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Janus International Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $956.80M | 20.79 | 9.75% | ― | 0.48% | -5.52% | |
69 Neutral | $1.02B | 10.43 | 20.11% | 2.16% | -1.58% | -5.49% | |
69 Neutral | $986.36M | 2.89 | -36.15% | ― | 17.10% | 83.72% | |
66 Neutral | $1.01B | 14.92 | 13.56% | ― | -9.61% | -47.79% | |
63 Neutral | $1.00B | ― | -3.22% | ― | -3.37% | -156.92% | |
62 Neutral | $8.05B | 13.60 | 4.04% | 3.11% | 3.68% | -14.01% | |
50 Neutral | $975.96M | ― | -19.93% | 4.51% | 0.11% | -311.73% |
* Industrials Sector Average
Performance Comparison
JBI
Janus International Group
7.20
-7.59
-51.32%
ALGT
Allegiant Travel Company
51.65
-17.05
-24.82%
APOG
Apogee
46.33
-11.40
-19.75%
THR
Thermon Group Holdings
27.85
-5.03
-15.30%
PRSU
Pursuit Attractions and Hospitality
35.39
-1.81
-4.87%
CTOS
Custom Truck One Source
4.22
-1.66
-28.23%
Janus International Group Earnings Call Summary
Earnings Call Date: Feb 26, 2025 | % Change Since: -10.92% | Next Earnings Date: May 8, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed but slightly positive outlook for Janus International. While the company faced significant revenue declines and challenges in the self-storage and new construction sectors, it also achieved several strategic milestones, including new product introductions, a favorable acquisition, and financial improvements. The overall sentiment is slightly positive due to the company's proactive measures to address market challenges and strong cash flow generation.Highlights
Introduction of New Products
Janus International introduced several new product lines in 2024, including the Nokē ION and NS Door series, which have been well-received by customers.
Successful Acquisition
Acquired assets of TMC, a provider of terminal maintenance services, which has contributed favorably to results.
Credit Rating Upgrades and Debt Management
Received upgrades from S&P and Moody's and successfully repriced the term loan, resulting in improved financial leverage.
Strong Free Cash Flow
Generated free cash flow of $133.9 million for the full year, representing a conversion rate of 163% of adjusted net income.
Increase in Installed Units
Nokē installed units increased by 32% to 365,000 units in 2024.
Cost Reduction Plan
A structural cost reduction plan is on track, with expected annual pretax savings of $10 to $12 million.
Lowlights
Decline in Revenue
Fourth-quarter consolidated revenue declined by 12.5% year-over-year, with declines across all sales channels.
Decrease in Self-Storage Business
Self-storage revenue was down 17.3% for the fourth quarter, impacted by delays and macroeconomic conditions.
Adjusted EBITDA and Margin Decline
Fourth-quarter adjusted EBITDA was up 53.4% compared to the previous year but the margin decreased to 15% from 28.2% due to volume decreases and one-time adjustments.
Challenges in New Construction Sector
New construction revenues are expected to decline further in the first half of 2025 due to project delays and liquidity issues.
Reduced Share Buyback Activity
Share repurchase activity slowed in the fourth quarter, with $9 million repurchased compared to $45 million in the third quarter.
Company Guidance
During the Janus International Fourth Quarter and Full Year 2024 earnings call, the company provided guidance for 2025, expecting full-year revenue between $860 million and $890 million, a decrease from $963.8 million in 2024. Adjusted EBITDA is projected to range from $175 million to $195 million, down from $208.5 million in 2024, with an anticipated adjusted EBITDA margin at the midpoint of 21.1%. The first half of 2025 is expected to be slower than the second half, with new construction forecasted to remain soft, while a shift towards R3 projects is anticipated. The company also aims to be at the higher end of the free cash flow conversion target range of 75% to 100% of adjusted net income.Janus International Group Corporate Events
Shareholder MeetingsBusiness Operations and StrategyFinancial Disclosures
Janus International Reports 2024 Financial Results and Outlook
Negative
Feb 26, 2025
On February 26, 2025, Janus International Group announced its financial results for the fourth quarter and full year of 2024, reporting a total revenue of $963.8 million, a 9.6% decrease from the previous year. The company experienced a decline in net income and adjusted EBITDA due to decreased revenue and increased operating expenses. Despite these challenges, Janus remains confident in its long-term value proposition, having successfully integrated the acquisition of TMC and launched new products. The company has set a virtual annual meeting for June 16, 2025, and provided a financial outlook for 2025, anticipating revenue between $860 million and $890 million and adjusted EBITDA between $175 million and $195 million.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.