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:
Below please find a table outlining a discounted cash flow forecast for JOUT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Johnson Outdoors Inc ranked in the 33th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Johnson Outdoors Inc ended up being:
As a business, JOUT is generating more cash flow than merely 24.79% of positive cash flow stocks in the Consumer Cyclical.
The business' balance sheet suggests that 4% of the company's capital is sourced from debt; this is greater than merely 14.26% 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 44.6% 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 ETM, WEYS, ALV, LEAT, and MYE.
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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...