Johnson Outdoors Inc. designs, manufactures, and markets seasonal outdoor recreation products used for fishing, diving, paddling, hiking, and camping primarily in the United States, Canada, Europe, and the Pacific Basin. The company was founded in 1985 and is based in Racine, Wisconsin.
JOUT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Johnson Outdoors Inc. To summarize, we found that Johnson Outdoors Inc ranked in the 30th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 47.5%. As for the metrics that stood out in our discounted cash flow analysis of Johnson Outdoors Inc, consider:
Interest coverage, a measure of earnings relative to interest payments, is 399.48; that's higher than 98.5% of US stocks in the Consumer Cyclical sector that have positive free cash flow.
The business' balance sheet suggests that 4% of the company's capital is sourced from debt; this is greater than only 13.64% of the free cash flow producing stocks we're observing.
JOUT's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 44.97% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as JOUT, try AAP, PSO, DLB, ATR, and GM.
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RACINE, Wis., July 31, 2020 (GLOBE NEWSWIRE) -- Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global innovator of outdoor recreation equipment and technology, today reported lower sales and net income during the Company’s 2020 third fiscal quarter ending June 26, 2020, compared to the prior year quarter. Year-to-date revenue and net income also declined. “As expected, the COVID-19 pandemic had a significant impact on the quarter. Strong momentum in Fishing, Watercraft Recreation and Camping in May and June could not offset the pandemic-related impact on operations in April. Stay-at-home mandates hit during the heart of our primary selling season, as many retailers were closed and consumers were restricted to essential-only activities. As those mandates eased, we began to see high dema...