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Joyce Corporation Ltd (AU:JYC)
ASX:JYC
Australian Market

Joyce Corporation Ltd (JYC) AI Stock Analysis

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AU

Joyce Corporation Ltd

(Sydney:JYC)

Rating:69Neutral
Price Target:
AU$5.00
â–˛(12.87%Upside)
Joyce Corporation Ltd's strong financial performance and attractive dividend yield are significant positives. However, mixed technical indicators suggest cautiousness in the short term. The balanced valuation further supports a moderate overall stock score.

Joyce Corporation Ltd (JYC) vs. iShares MSCI Australia ETF (EWA)

Joyce Corporation Ltd Business Overview & Revenue Model

Company DescriptionJoyce Corporation Ltd (JYC) is an Australian company engaged in the retail and manufacturing sectors. It primarily operates through three segments: Kitchens, Furniture, and Investments. The company is known for its ownership of KWB Group, which includes prominent kitchen retail brands such as Kitchen Connection and Wallspan. Additionally, Joyce Corporation has investments in the furniture sector, notably through its stake in the Lloyds Auctioneers and Valuers business.
How the Company Makes MoneyJoyce Corporation Ltd makes money through its diversified operations in the retail and manufacturing industries. The primary revenue streams include sales from its kitchen retail segment, where it offers kitchen renovation and installation services through its brands such as Kitchen Connection and Wallspan. This segment generates income from both product sales and service fees. In the furniture sector, the company earns revenue from its investment in Lloyds Auctioneers and Valuers, which conducts auctions and valuations of furniture and other goods. The company also benefits from strategic partnerships and investments that contribute to its overall earnings, providing a steady flow of income from different sectors.

Joyce Corporation Ltd Financial Statement Overview

Summary
Joyce Corporation Ltd is performing well with strong revenue and profitability growth. The balance sheet is stable with prudent debt management, and cash flows are healthy, supporting sustainable operations and future growth.
Income Statement
85
Very Positive
Joyce Corporation Ltd has demonstrated solid revenue growth with a 12.3% increase from 2021 to 2022. The gross profit margin improved significantly, suggesting better cost management. Net profit margin is stable, reflecting consistent profitability. However, fluctuations in EBIT and EBITDA margins indicate some volatility in operating efficiencies.
Balance Sheet
80
Positive
The company maintains a strong equity position with a Debt-to-Equity ratio of 0.80, indicating prudent financial leverage. Return on Equity (ROE) has been robust, reflecting effective utilization of shareholder funds. The equity ratio demonstrates a balanced asset financing structure, contributing to financial stability.
Cash Flow
78
Positive
Operating cash flow remains strong and consistently covers net income, indicating healthy cash generation. Free cash flow growth is positive, though it has been fluctuating. The Free Cash Flow to Net Income ratio is favorable, supporting ongoing investment and financing needs.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
145.86M145.51M144.70M129.02M111.22M85.76M
Gross Profit
78.84M78.18M42.33M27.05M24.08M15.77M
EBIT
28.95M30.66M21.66M18.21M15.24M8.06M
EBITDA
25.00M29.08M31.74M32.24M24.32M12.66M
Net Income Common Stockholders
7.18M8.86M7.93M9.09M7.57M-1.95M
Balance SheetCash, Cash Equivalents and Short-Term Investments
18.08M40.84M47.73M33.15M20.46M10.82M
Total Assets
67.32M92.84M86.40M86.22M69.28M60.71M
Total Debt
13.74M27.60M19.05M15.33M13.76M17.71M
Net Debt
-4.34M-11.55M-28.68M-17.82M-6.70M6.89M
Total Liabilities
38.79M54.02M48.63M50.73M42.64M39.05M
Stockholders Equity
24.50M34.55M32.98M28.53M23.03M18.00M
Cash FlowFree Cash Flow
21.14M19.02M21.47M20.86M25.77M12.53M
Operating Cash Flow
23.96M21.35M24.95M22.44M27.17M13.36M
Investing Cash Flow
-2.99M-4.28M10.66M3.88M2.02M1.20M
Financing Cash Flow
-23.09M-24.00M-21.46M-14.26M-19.95M-10.77M

Joyce Corporation Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price4.43
Price Trends
50DMA
4.50
Negative
100DMA
4.54
Negative
200DMA
4.38
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
42.35
Neutral
STOCH
13.66
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JYC, the sentiment is Negative. The current price of 4.43 is below the 20-day moving average (MA) of 4.58, below the 50-day MA of 4.50, and above the 200-day MA of 4.38, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 13.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JYC.

Joyce Corporation Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUJBH
75
Outperform
AU$11.92B25.9129.07%3.24%6.21%0.20%
AUADH
73
Outperform
€480.74M14.4814.57%5.49%0.49%-3.64%
AUHVN
73
Outperform
$6.80B15.759.58%4.48%1.77%15.57%
AUJYC
69
Neutral
AU$130.99M18.2221.62%6.32%-2.09%-24.35%
62
Neutral
$6.84B11.412.80%3.87%2.70%-24.58%
AUDMP
54
Neutral
$2.01B121.642.09%5.04%-8.04%-54.44%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:JYC
Joyce Corporation Ltd
4.43
0.92
26.21%
AU:HVN
Harvey Norman Holdings Ltd
5.46
1.22
28.86%
AU:DMP
Domino's Pizza Enterprises Limited
21.30
-16.03
-42.94%
AU:ADH
Adairs Ltd.
2.72
1.02
60.00%
AU:JBH
JB Hi-Fi Limited
111.26
53.97
94.20%

Joyce Corporation Ltd Corporate Events

Anacacia Pty Ltd Acquires Substantial Stake in Joyce Corporation Ltd
Apr 9, 2025

Joyce Corporation Ltd has announced that Anacacia Pty Ltd has become a substantial holder in the company, acquiring a 5.21% voting power through the purchase of 1,541,992 ordinary shares. This acquisition, valued at $4,818,074, reflects Anacacia’s strategic investment interest and may influence Joyce Corporation’s shareholder dynamics and future decision-making processes.

Joyce Corporation’s Strategic Developments in KWB Group
Apr 2, 2025

Joyce Corporation Ltd has a long-standing investment in KWB Group, having acquired a 51% stake in 2013. The company has strategically developed its operations over the years, including relocating its head office and expanding its manufacturing capabilities. The recent sale and leaseback of the Lytton facility in 2022 demonstrate a strategic move to optimize asset management, which could impact the company’s financial flexibility and operational efficiency.

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.