Want to see AU:JYC full AI Analyst Report?
Top Page
Joyce Corporation Ltd
(Sydney:JYC)
Select Model
Select Model
Rating:72Outperform
Price Target:
AU$6.50
▲(19.49% Upside)
Action:Upgraded
Date:02/28/26
The score is primarily driven by solid financial performance (revenue growth and strong free cash flow) and a constructive technical uptrend. It is tempered by near-overbought RSI conditions and a moderately high P/E, partially offset by an attractive dividend yield.
Positive Factors
Strong Free Cash Flow
Durable free cash flow growth and a healthy operating cash flow to net income ratio support capital allocation flexibility over multiple quarters. This underpins sustainable dividends, funds organic investment and reduces refinancing risk, strengthening resilience through cycles.
Negative Factors
Pressure on Profitability
A declining net profit margin and reduced return on equity signal weakening ability to convert sales into shareholder returns. Persisting margin pressure can erode retained earnings, limit reinvestment, and strain dividend coverage unless operational or mix improvements are sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Free Cash Flow
Durable free cash flow growth and a healthy operating cash flow to net income ratio support capital allocation flexibility over multiple quarters. This underpins sustainable dividends, funds organic investment and reduces refinancing risk, strengthening resilience through cycles.
Read all positive factors
Joyce Corporation Ltd (JYC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$175.94M
Dividend Yield5.01%
Average Volume (3M)8.83K
Price to Earnings (P/E)18.4
Beta (1Y)0.37
Revenue Growth7.22%
EPS Growth31.17%
CountryAU
Employees253
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.32
Shares Outstanding29,569,270
10 Day Avg. Volume5,301
30 Day Avg. Volume8,831
Financial Highlights & Ratios
PEG Ratio-1.14
Price to Book (P/B)4.06
Price to Sales (P/S)0.95
P/FCF Ratio5.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.59Price Target Upside21.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.39
Revenue Forecast (FY)AU$180.76M
Joyce Corporation Ltd Business Overview & Revenue Model
Company Description
Founded in Perth, Australia, in 1886, Joyce Corporation Ltd is a retailer specializing in kitchen and wardrobe products across Australia. The company directly owns four Bedshed retail bedding stores and also offers franchising for other Bedshed lo...
How the Company Makes Money
Joyce Corporation Ltd generates revenue through multiple streams, primarily by selling its manufactured goods directly to retailers and wholesalers. The company operates on a B2B model, where it supplies both large-scale distributors and niche mar...
Joyce Corporation Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.39M | 148.15M | 145.51M | 144.70M | 129.02M | 111.22M |
| Gross Profit | 33.52M | 80.99M | 78.18M | 42.81M | 67.84M | 24.08M |
| EBITDA | 33.75M | 31.28M | 29.08M | 28.63M | 23.72M | 23.79M |
| Net Income | 9.43M | 7.35M | 8.86M | 7.93M | 9.09M | 7.57M |
Balance Sheet | ||||||
| Total Assets | 94.04M | 97.57M | 92.84M | 86.40M | 86.22M | 69.28M |
| Cash, Cash Equivalents and Short-Term Investments | 37.42M | 40.99M | 40.84M | 47.73M | 33.15M | 20.46M |
| Total Debt | 49.01M | 28.82M | 27.60M | 19.05M | 15.33M | 13.76M |
| Total Liabilities | 53.56M | 57.55M | 54.02M | 48.63M | 50.73M | 42.64M |
| Stockholders Equity | 35.14M | 34.71M | 34.55M | 32.98M | 28.53M | 23.03M |
Cash Flow | ||||||
| Free Cash Flow | 31.34M | 24.32M | 19.02M | 21.47M | 20.86M | 25.77M |
| Operating Cash Flow | 32.94M | 27.44M | 21.35M | 24.95M | 22.44M | 27.17M |
| Investing Cash Flow | -3.89M | -3.68M | -4.28M | 10.66M | 3.88M | 2.02M |
| Financing Cash Flow | -24.98M | -23.68M | -24.00M | -21.46M | -14.26M | -19.95M |
Joyce Corporation Ltd Technical Analysis
Positive
5.44
Price Trends
5.91
Positive
5.84
Positive
5.50
Positive
Market Momentum
>-0.01
Positive
49.43
Neutral
50.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JYC, the sentiment is Positive. The current price of 5.44 is below the 20-day moving average (MA) of 5.99, below the 50-day MA of 5.91, and below the 200-day MA of 5.50, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.43 is Neutral, neither overbought nor oversold. The STOCH value of 50.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:JYC.
Joyce Corporation Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$175.94M | 18.44 | 27.01% | 5.01% | 7.22% | 31.17% | |
65 Neutral | AU$46.70M | 9.95 | 13.53% | 9.03% | 4.03% | -14.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$1.31B | 19.49 | 25.20% | 2.63% | 4.23% | -0.64% | |
61 Neutral | AU$252.74M | 13.27 | 8.37% | 5.85% | 5.66% | -42.42% | |
60 Neutral | AU$400.20M | 13.56 | 15.11% | 2.86% | 1.86% | -5.28% | |
55 Neutral | AU$611.87M | 77.55 | 5.66% | ― | 18.85% | 20.89% |
* Consumer Cyclical Sector Average
AU:JYC
Joyce Corporation Ltd
5.90
1.54
35.32%
AU:TPW
Temple & Webster Group Ltd
5.28
-16.89
-76.18%
AU:NCK
Nick Scali Limited
15.64
-2.49
-13.72%
AU:ADH
Adairs Ltd.
1.44
-0.60
-29.38%
AU:DSK
Dusk Group Ltd.
0.77
-0.03
-3.63%
AU:BLX
Beacon Lighting Group Ltd
1.68
-1.86
-52.48%
Joyce Corporation Ltd Corporate Events
Joyce Corporation boosts half-year profit and lifts interim dividend
Feb 26, 2026
Joyce Corporation reported an 11.2% rise in revenue from ordinary activities to $81.65 million for the half year to 31 December 2025, with profit from ordinary activities after tax up 36.1% to $10.05 million. Profit attributable to owners surged 6...
Joyce Corporation Ltd Approves Amended Constitution
Dec 3, 2025
Joyce Corporation Ltd has announced the approval of its amended Constitution, as ratified by shareholders during the Annual General Meeting on November 27, 2025. This development signifies a potential shift in the company’s governance framew...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.