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Johnson Outdoors Inc. (JOUT)
NASDAQ:JOUT
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Johnson Outdoors
(NASDAQ:JOUT)
48Neutral
Johnson Outdoors (JOUT) vs. S&P 500 (SPY)
Market Cap
$254.67M
Dividend Yield5.3%
Average Volume (3M)47.21K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth-9.98%
EPS Growth-348.96%
CountryUS
Employees1,200
SectorConsumer Cyclical
Sector Strength51
IndustryLeisure
Share Statistics
EPS (TTM)-4.50
Shares Outstanding9,125,764
10 Day Avg. Volume47,444
30 Day Avg. Volume47,208
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.46
Price to Cash Flow (P/CF)-1.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Johnson Outdoors Business Overview & Revenue Model
Company DescriptionJohnson Outdoors Inc. designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing. This segment sells its products under the Minn Kota, Humminbird, and Cannon brands through outdoor specialty and Internet retailers, retail store chains, original equipment manufacturers, and distributors. The Camping segment provides consumer, commercial, and military tents and accessories; camping furniture and stoves; other recreational camping products; and portable outdoor cooking systems, as well as manufactures fabric floors and insulated thermal liners and a subcontract manufacturer of military tents. This segment sells its products under the Eureka! and Jetboil brands through independent sales representatives and Internet retailers. The Watercraft Recreation segment offers kayaks, canoes, and paddles for family recreation, touring, angling, and tripping through independent specialty and outdoor retailers under the Ocean Kayaks, Old Town, and Carlisle brands. The Diving segment manufactures and markets underwater diving and snorkeling equipment, such as regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels, and accessories through independent specialty dive stores and diving magazines under the SCUBAPRO brand name. This segment also provides regular maintenance, product repair, diving education, and travel program services; and sells diving gear to dive training centers, resorts, public safety units, and armed forces. It sells its products through Websites. The company was founded in 1970 and is headquartered in Racine, Wisconsin.
How the Company Makes MoneyJohnson Outdoors generates revenue through the design, manufacturing, and sale of its outdoor recreation products across various sectors. The company earns money primarily from its Marine Electronics segment, which includes popular brands like Humminbird and Minn Kota, known for their fish finders, trolling motors, and related accessories. Additionally, the Outdoor Equipment segment contributes to earnings through the sale of camping gear and tents under brands like Eureka!. The Watercraft Recreation segment adds to revenue with products such as kayaks and canoes, sold under the Old Town brand. The Diving segment, with its SCUBAPRO brand, provides a range of diving equipment. Johnson Outdoors also benefits from strategic partnerships and a robust distribution network, which helps in expanding its market reach and enhancing sales.
Johnson Outdoors Financial Statement Overview
Summary
Johnson Outdoors faces significant revenue and profitability challenges, as evidenced by negative growth and margins. Despite a strong balance sheet with no current debt and solid equity, cash flow improvements are overshadowed by operational difficulties, indicating a mixed financial outlook.Income Statement
Johnson Outdoors has experienced a notable decline in revenue from previous years, with a negative revenue growth rate in the TTM. Gross profit margin is moderate at approximately 32.6% for TTM, but the company is suffering from negative EBIT and net profit margins, indicating operational challenges and profitability issues. The trend of declining revenue and negative profitability metrics is concerning.45
Neutral
Balance Sheet
The company maintains a solid balance sheet with no current total debt and a strong equity position, resulting in a favorable debt-to-equity ratio of zero in the TTM. The equity ratio is robust at about 71.8%, indicating a stable financial structure. However, decreasing stockholder equity and total assets over time could be a potential risk.70
Positive
Cash Flow
Free cash flow has improved significantly in the TTM, showing growth from previous periods. The operating cash flow to net income ratio is favorable, indicating strong cash generation relative to net losses. However, fluctuations in cash flow and a history of negative free cash flow in recent years suggest potential volatility.60
Neutral
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 561.85M | 592.85M | 663.84M | 743.36M | 751.65M | 594.21M | Gross Profit |
| 180.31M | 200.98M | 244.09M | 271.33M | 334.13M | 264.99M | EBIT |
| -63.81M | -43.52M | 11.74M | 52.08M | 111.28M | 56.14M | EBITDA |
| -35.14M | -10.10M | 42.27M | 73.12M | 126.47M | 88.77M | Net Income Common Stockholders |
| -45.78M | -26.53M | 19.53M | 44.49M | 83.38M | 55.23M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 33.32M | 162.04M | 138.62M | 129.80M | 240.45M | 212.44M | Total Assets |
| 226.76M | 635.21M | 681.61M | 679.93M | 674.29M | 546.03M | Total Debt |
| 23.81M | 49.33M | 52.34M | 57.90M | 49.99M | 41.52M | Net Debt |
| -9.51M | -96.16M | -59.51M | -71.90M | -190.45M | -170.92M | Total Liabilities |
| 100.39M | 171.79M | 181.87M | 191.92M | 215.78M | 167.93M | Stockholders Equity |
| 126.37M | 463.42M | 499.74M | 488.01M | 458.50M | 378.10M |
| Cash Flow | Free Cash Flow | ||||
| 16.66M | 18.97M | 19.05M | -93.83M | 36.91M | 45.89M | Operating Cash Flow |
| 37.76M | 40.98M | 41.71M | -62.14M | 58.32M | 61.49M | Investing Cash Flow |
| -6.15M | 5.03M | -48.37M | -31.68M | -21.38M | -15.59M | Financing Cash Flow |
| -13.56M | -13.70M | -12.73M | -12.23M | -9.03M | -7.11M |
Johnson Outdoors Technical Analysis
Negative
24.84
Price Trends
28.25
Negative
31.05
Negative
33.07
Negative
Market Momentum
-0.86
Negative
37.00
Neutral
55.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JOUT, the sentiment is Negative. The current price of 24.84 is below the 20-day moving average (MA) of 25.56, below the 50-day MA of 28.25, and below the 200-day MA of 33.07, indicating a bearish trend. The MACD of -0.86 indicates Negative momentum. The RSI at 37.00 is Neutral, neither overbought nor oversold. The STOCH value of 55.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JOUT.
Johnson Outdoors Risk Analysis
Johnson Outdoors disclosed 26 risk factors in its most recent earnings report. Johnson Outdoors 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
Johnson Outdoors Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.74B | 16.10 | 24.01% | ― | 10.32% | 6.05% | |
65 Neutral | $3.53B | 27.71 | 7.50% | 3.16% | -18.19% | -68.10% | |
64 Neutral | $288.81M | ― | -1.53% | ― | -45.70% | -115.77% | |
62 Neutral | $4.10B | 20.45 | 5.13% | 2.54% | -8.45% | -25.41% | |
59 Neutral | $12.24B | 11.04 | -1.00% | 3.78% | 1.30% | -19.54% | |
48 Neutral | $254.67M | ― | -9.70% | 5.30% | -9.98% | -348.96% | |
44 Neutral | $1.67B | ― | -17.13% | 3.05% | -2.03% | -202.23% |
* Consumer Cyclical Sector Average
Performance Comparison
JOUT
Johnson Outdoors
24.84
-18.88
-43.18%
BC
Brunswick
53.85
-39.86
-42.54%
CWH
Camping World Holdings
16.16
-11.09
-40.70%
THO
Thor Industries
75.81
-38.14
-33.47%
MCFT
MasterCraft Boat Holdings
17.22
-6.77
-28.22%
YETI
Yeti Holdings
33.10
-5.28
-13.76%
Johnson Outdoors Earnings Call Summary
Earnings Call Date: Feb 3, 2025 | % Change Since: -23.33% | Next Earnings Date: May 2, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a challenging market environment with significant pressures on margins and sales comparisons. However, the company's debt-free position, strategic acquisitions, and positive reception of new products indicate resilience and potential for future growth.Highlights
Debt-Free Balance Sheet
Johnson Outdoors maintained a debt-free balance sheet, which is a significant competitive advantage in the current market environment.
Humminbird Product Launch
The new technology in the Humminbird brand had a positive reception from retail partners and consumer enthusiasm is building.
SCUBAPRO Acquisition
Completed the acquisition of a long-time supplier for the SCUBAPRO brand for $14 million, providing manufacturing efficiency and potential for future innovation.
Inventory Management
Inventory levels decreased to $201.6 million, down about $66 million from last year's first quarter.
Lowlights
Challenging Market Conditions
Facing ongoing marketplace challenges with a cautious retail and trade channel environment and competitive pressures, with no immediate signs of improvement.
Gross Margin Pressure
Gross margin in the first quarter was negatively impacted by increased promotional pricing, unfavorable overhead absorption, and unfavorable product mix.
Minn Kota QUEST Trolling Motor Comparison
First quarter sales results faced a challenging comparison due to the load-in of the Minn Kota QUEST trolling motor line in the previous first quarter.
Mixed Inventory Levels at Retail Partners
Retail partners displayed mixed inventory levels, with some having too much inventory, leading to cautious ordering.
Company Guidance
During the Johnson Outdoors' First Quarter 2025 Earnings Conference Call, guidance highlighted several key metrics and strategic priorities. The company is focusing on innovation, operational efficiencies, and e-commerce to navigate a challenging market environment. Notably, the new Humminbird technology in the fishing segment received positive feedback, though its sales impact is expected in future quarters. In diving, the acquisition of a long-time supplier aims to streamline operations and enhance innovation, with the purchase price around $14 million. Financially, the company reported a decrease in operating expenses by $400,000 compared to the previous year, primarily due to lower sales volumes. Inventory levels were managed effectively, reducing by about $66 million from last year's first quarter, with a current balance of $201.6 million. Despite market challenges, Johnson Outdoors remains debt-free and continues to pay dividends, reflecting a solid financial position. The company's strategic initiatives also include leveraging its American manufacturing footprint to mitigate potential tariff impacts, although specific exposure figures were not disclosed.Johnson Outdoors Corporate Events
Dividends
Johnson Outdoors Declares Quarterly Cash Dividend
Positive
Feb 28, 2025
On February 28, 2025, Johnson Outdoors Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.33 per Class A share and $0.30 per Class B share, payable on April 24, 2025, to shareholders of record as of April 10, 2025. This decision reflects the company’s ongoing commitment to delivering value to its shareholders and may enhance its attractiveness to investors by providing a steady income stream.
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.